Blog

In my paper (available here), I discuss the newly approved regulation regarding Credit Rating Agencies (“CRAs”) in Russia and examine, using a comparative analysis, whether the introduced rules match...

The outcome of the UK referendum on Thursday 23 June 2016 is that the UK will in time leave the EU. The consequences for businesses and financial markets in the UK the EU and even globally could be...

This post comes to us from Barnabas Reynolds, Partner, Head of the global Financial Institutions Advisory & Financial Regulatory Group and Global Co-Head of Financial Institutions at Shearman...

The Bank of England has recently published a speech that was to be given by the Governor of the Bank of England, Mark Carney, at the Lord Mayor’s Banquet for Bankers and Merchants of the City of...

This post is authored by Paul Ellison, Partner in Macfarlanes' Financial Services Group. This article outlines possible changes to the UK financial services regulatory landscape following the UK...

We think of fairness as an intuitive concept, confident that, as the colloquial expression goes, ‘we will know it when we see it’. Substantive unfairness is usually associated with some sort of...

Regulatory stability is the holy grail of investors in any sector. But what does it really mean? In my forthcoming paper ‘Regulatory Stability in the Energy Sector: The Italian Experience’[1] I argue...

Some English judges recently have asserted that employees are not status fiduciaries. Their view is that, while employees have a status duty of “fidelity,” they are accountable as fiduciaries only...

One of the most important provisions for ensuring effective securities markets is the mandated, continuous disclosure of inside information. Yet this disclosure obligation is also onerous for issuers...

This post was originally published on premarket.org – the blog of the Stigler Center at the University of Chicago Booth School of Business. In order to get optimal regulation in the financial world,...

In the context of consumer credit, the term ‘financial hardship’ refers to a situation where a consumer takes on obligations under a credit contract, but then becomes unable to meet them when they...

This post comes to us from Leonard Ng of Sidley Austin LLP. The new EU Market Abuse Regulation (‘MAR’) will apply from 3 July 2016 and replace the existing Market Abuse Directive (‘MAD’). In...

The increase in institutional ownership of recent decades has been accompanied by an enhanced role played by institutions in monitoring companies’ corporate governance behaviour. Activist hedge funds...

Whether seen as a factual event, a normative situation or just a discursive artefact, the recent financial crisis has undeniably triggered major political developments in the European Union and has...

The Brussels I Regulation (recast) (EU) 1215/2012 (Brussels I) contains rules of private international law to determine which courts have jurisdiction over claims in European civil and commercial...

In March 2014, the European Commission published a Recommendation for a new approach to business failure and insolvency. The objective of this Recommendation was to encourage Member States to...

The ongoing refugee crisis and the fiscal crisis are different in nature, but they pose some common questions in the economic sphere. Are there cultural differences in economic behavior? If so, can...

Claiming that microfinance institutions (MFIs) might discriminate against some micro-entrepreneurs may sound provocative. Pro-poor MFIs consider providing financial services to the poor and the...