Blog

Insider-trading is undoubtedly one of the murkiest areas of white-collar law, frustrating prosecutors, investors, and jurists alike. Specifically, the standard of what satisfies the “personal benefit...

The votes are in, and it seems that that Northern Ireland will, against the wishes of its voters, be subject to an England-and-Wales-driven ‘Brexit’. A heightened awareness of what the consequences...

The freedom of establishment in the European Union is also known to have led to a competition of corporate laws in Europe (for more details see Kruchen, European Freedom of Establishment and "...

In a chapter of the recently published Oxford Handbook of Financial History (available here) I define banking crises, consider the type of costs that they impose, and outline the most common causes...

The result of the UK referendum on its membership of the EU will have a significant impact for many businesses but the exact nature of that impact is difficult to predict with any degree of certainty...

Experts often face a dilemma when clients ask for advice on risky decisions. For example, your financial adviser might be tempted to sell you a risky investment on which he earns sales commission or...

Director remuneration contracts, which aim to link pay with performance, constitute an essential mechanism to mitigate agency problems. However, soaring CEO pay, rewards for failure, complexity of...

The SEC has recently approved IEX’s application to launch a national securities exchange with the purpose of promoting competition and innovation by facilitating the ability of market participants to...

A Pro-Market blog post examines the lessons we learnt from Brexit. This post is a cross-post from the Promarket blog, the blog of the Stigler Center at the University of Chicago Booth School of...

The European Union generally, and the Eurozone specifically, have been going through a challenging period recently, even before the shock of the British referendum result. European institutions have...

Posted by Iris H-Y Chiu, co-Director, Centre for Ethics and Law, University College London. Following the result of the EU Referendum, legal academics have an important part to play in constructively...

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...