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Economies that rank high on the strength of investor protection index have extensive disclosure requirements and give shareholders broad access to information both before and during trials to determine director liability. New Zealand and Singapore, which top the rankings on the index with 29 and 28 of 30 possible points, both require immediate disclosure of a related-party transaction and of the conflict of interest (table 7.1). They require prior approval of the transaction by the other shareholders. They enable the shareholders to hold the directors liable and to have the transaction voided if it damages the company. And in New Zealand shareholders can inspect all internal documents before deciding whether to sue.
Twelve economies strengthened investor protections in 2007/08 (table 7....
...Companies grow by raising capital -either through a bank loan or by attracting equit...Without investor protections, equity markets fail to develop and banks become the only source o...The Egyptian Capital Market Authority made improving disclosure requirements a priority ...
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Introduction - II. Effect of the crisis on africa - III. Anglo-american regulation - A. The United Kingdom - 1. Statutory Objectives - 2. Principles-Based Regulation - a) Financial Capability - b) FSA Study of Financial Capability - B. The United States - 1. Self-Regulation in the United States Securities System - 2. Financial Industry Regulatory Authority - C. Comparison of the Two Systems - IV. East african capital markets - A. African Regulation Under a U.S. Model - 1. IOSCO - 2. Capital Markets Regulation - V. Responsibility for regulation - A. Regulatory Response to the GFC - 1. Fiduciary Duty - 2. Education as Reform - 3. Responsible Regulatory Reform - 4. Responsibility of Care - VI. Conclusion
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SEC Commissioner Luis Aguilar, in a speech at the 2009 Independent Director Conference, said, "I've been very vocal about a number of changes the SEC should make and about the Congressional action needed to address gaps in the SEC authority, and the actions needed to provide the SEC with the teeth and resources it needs to aggressively fulfill its mission to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation." The legal landscape for directors is concerning on multiple levels as they face higher levels of liability resulting from the global financial crisis, increased stock-market volatility, activist shareholders, an emboldened plaintiffs' bar, active regulatory oversight and strict securities laws enforcement.
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...PART 567: CAPITAL. Subpart B: Regulatory Capital Requirements. 567....(c) Market valuations. The OTS reserves the authority to requ...
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... of religion into a symbolic form of capital. By monopolizing religious affairs, the political ... and monopolization of the religious market have helped the Islamic Republic increase the rank... privileges and imbue them with a unique authority in Iranian society. The government has used the fo...
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This Notice applies to investors interested in investment opportunities in rural infrastructure; these potential investors are encouraged to contact the Department of Agriculture (USDA). The Rural Development Act of 1972 established USDA's authority to make loans and grants to rural communities. Currently, USDA manages a loan portfolio of approximately $150 billion, of which $5.3 billion is for community facilities. USDA seeks to partner with investors willing to create and implement investment structures that would improve rural communities' access to capital by expanding the leveraging of USDA's community facilities loan funds. Given current turbulent market conditions, these investments may be particularly attractive to the private sector as they have historically provided low-risk, ...
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While the initial wave of modern Islamic banking focused on the retail side of the business, investment banks are the new trailblazers. US and European banks are bidding for Shariah-compliant tranches of major financings to repackage as investment funds. Meanwhile, the oil-rich countries of the Middle East offer a pool of liquidity that is a big draw for financiers and companies seeking to raise capital. Dubai Ports World's takeover of UK-based port operator P&O last year was financed in part with Islamic "bonds," or sukuk, that were oversubscribed more than four times, receiving a total of $11.4 billion in bids. Saudi Arabia is swarming with investment bankers who are eager to bring to market the next batch of initial public offerings to deepen the Saudi stock market. While oil is ...
... the number of firms the Capital Market Authority has licensed to conduct securities business in the...
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... educational qualifications and lack of capital, immigrants tend to establish businesses at the lo...London: Greater London Authority & the Mayor of London. . Loury, G. (1998). Discrim...
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This paper utilizes both parametric and nonparametric analysis to test whether the introduction of a volume weighted average price (VWAP) mechanism for closing a trading session on the Cairo and Alexandria Stock Exchange (CASE) has eliminated the day-end phenomenon or not. Results provide evidence that: (1) the day-end effect is still present and significant on the CASE; (2) the effect is significantly larger for stocks that are restricted by 5% price limits; and (3) counter to U.S. market data the effect is significantly higher for high-price stocks.
... organizational framework of the Egyptian Capital Market. The CASE is regulated by the Capital Markeet Authority (CMA) established under Law 95 for the year 1992. ...
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...Still, the very strong market position afforded by the authority's two major air... years to fund a majority portion of its Capital Construction Program (CCP) has resulted in an elev...