RME

Tech Adoption, Cybersecurity, and Professional Services Firms: 2020 Mid-Year Review

“To be prepared is half the victory” –Miguel de Cervantes. McKinsey published a report in May 2020: the competitive rankings of law firms often reshuffle after an economic downturn. How firms fare depends on their preparedness to cope with the changing market and their ability to help clients move forward. FortNynja E-Fintech School hosted a web …

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Regulatory Cooperation in Securities Market Regulation: Perspectives from Australia

The global financial crisis highlighted the interconnectedness of international financial markets and the risk of contagion it posed. The crisis also emphasised the importance of supranational regulation and regulatory cooperation to help address and ameliorate that risk.  Yet, although capital flows are global, securities regulation is not. As a 2019 report by the International Organization of Securities …

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GCGC/ECGI Global Webinar Series – Short Selling and Short Selling Disclosure in a Pandemic

Even prior to the emergence of COVID-19, global securities regulators were questioning whether short sellers needed to be put on a tighter leash.  On December 4, 2019, Japan’s GPIF, the largest pension fund in the world, announced it would not lend shares to short sellers on its multi-billion portfolio of global equities, pointing out that …

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Taxation of Income from Capital in India: Consistency Versus Priority

Taxation of income from capital in India is widely debated among investors.  Each year, prior to the annual budget, where the Finance Minister announces a slew of tax measures, there are appeals to do away with the complexities and to rationalise the tax treatment across incomes. This is a particularly vexed matter for financial markets …

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Covid-19 and Insolvency: The Case for ‘Light-touch’ Administration

Different countries have adopted various strategies to prevent or delay initiation of insolvency proceedings and protect businesses in the wake of the Covid-19 Crisis. This has previously been discussed here on this blog. To summarize briefly, efforts are being made to provide direct financial aid (by way of loans and grants) and/or steps are being …

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How to Set Collateral Requirements for Central Counterparties?

Reforms after the financial crisis of 2007-09 promote the use of central counterparties to reduce counterparty risk. The central counterparty, also known as the clearinghouse, enters a trade both as the buyer to the original seller and as the seller to the original buyer. This way, the original counterparties of the trade become insulated from …

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Directors’ duty under UK law to promote the success of the company during the COVID-19 Pandemic

As the outbreak of Coronavirus (COVID-19) puts the corporate world under strain, those in positions of corporate control must navigate the pressure to mitigate COVID-19’s impact, while also remaining compliant with duties owed to their corporate undertaking. While numerous Governments are suspending the operation of duties concerning corporate insolvency, the remaining duties imposed on directors …

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Fintech Startups and Incumbent Players Series: The Fourth OBLB Annual Conference Report

Conference overview The potential of financial technology for innovation and growth is well-established by now. Yet startups often face many regulatory challenges in the early years, obstructing market access. Technology firms and incumbent financial institutions are experimenting with new solutions to this problem, often establishing co-operative linkages between them. At the same time, governments and …

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The New Italian Corporate Governance Code—a Step Forward for a More Sustainable and Proportional Corporate Governance Model

In January 2020, the Italian Corporate Governance Committee released the new edition of the Corporate Governance Code. The Committee’s overall review followed such an innovative approach with regard to both the structure and the contents of the Code, that, rather than a new edition, it can be considered a completely new one. The drafting process …

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