Market Conduct Regulation

Financial regulation can usefully be bifurcated into prudential and business conduct dimensions. The former concentrates on standards, guidelines and recommendations of best practice on capital adequacy, liquidity and solvency risk and procedures for the orderly winding down of regulated financial institutions. Market conduct regulation, on the other hand, refers to the operation of the market. Regulators are increasingly moving towards expansive definitions of what consitutes market integrity. This series explores the consequences of this move. It evaluates market conduct regulatory performance across three main areas - structure (or mandate), internal processes and managerial discretion - and five dimensions Compliance, Ethics, Deterrernce, Accountability and Risk (CEDAR).

OECD Releases Working Paper on The Role of Guarantees in Defined Contribution Pensions

The Organisation for Economic Cooperation and Development has released a working paper which argues that, while there is a clear need to better protect retirement income from financial market volatility, the costs and benefits of investment return guarantees should be carefully evaluated.
Originally Published: 
Thursday, September 1, 2011

SEC Report Regarding the Status of its Implementation of Organizational Reform Recommendations

The Report, mandated by Section 967 of the Dodd-Frank Act, was prepared to address the recommendations made in March 2011 by the Boston Consulting Group who submitted a Report to Congress examining the internal operations, structure and need for reform at the Securities and Exchange Commission.
Originally Published: 
Friday, September 9, 2011

Financial Services Authority Publishes Feedback on Product Intervention Discussion Paper

The feedback statement confirms the Financial Services Authority's proposed approach, summarises responses to the discussion paper, considers where its product intervention initiatives will sit with other relevant work in the UK and at EU level, and gives some indication of the FSA's expec
Originally Published: 
Tuesday, June 14, 2011

Financial Services Authority Publishes Product Intervention Discussion Paper

The Financial Services Authority's Product Intervention Discussion Paper DP11/01 proposed that retail financial services regulation should move away from its primary focus on point-of-sale, to an approach that actively regulates all aspects of the product life cycle, including the design, devel
Originally Published: 
Wednesday, January 25, 2012

Central Bank of Ireland Publishes a Revised Consumer Protection Code

The revised Consumer Protection Code, which comes into effect from 1 January 2012 for regulated entities, increases the protections for consumers in a number of key areas including: arrears handling, contact with consumers, mis-selling of products, vulnerable consumers, mortgage lending, transparenc
Originally Published: 
Wednesday, October 19, 2011

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