The WTO Committee on Trade in Financial Services: The Exercise of Public Authority within an Informational Forum

2009 ◽  
pp. 405-435
Author(s):  
Joseph Windsor
Keyword(s):  
Financial Services ◽  
Public Authority

The Global Administrative Order Through a German Lens: Perception and Influence of Legal Structures of Global Governance in Germany

2011 ◽  
Vol 12 (7) ◽  
pp. 1371-1388
Author(s):  
Philipp Dann ◽  
Marie v. Engelhardt
Keyword(s):  
Global Governance ◽  
Financial Services ◽  
Legal Discourse ◽  
Standard Setting ◽  
Administrative Law ◽  
Legal Order ◽  
Public Authority ◽  
Second Step ◽  
Major Topic ◽  
Legal Structures

This article examines to what extent and how German administrative law and organisation have been changed by globalization, as well as the increasing reach and depth of global governance. A first chapter analyzes the legal discourse in Germany and finds that international (more than global) administrative law has become a major topic. It points to three different strands in German scholarship and highlights especially the proposal to conceptualize global governance as an exercise of international public authority. In a second step, the article examines three specific fields of law (environment, health and financial services) and analyzes how national administrative and legal structures have been influenced by globalization. In particular, it inquires what instruments of standard setting and forms of implementation have been used. Finally, the article acknowledges that globalization has had a tremendous effect on German administrative law, and describes seven instrumental and substantive modes of the effect of international rules on the German legal order.

FİNANSAL EĞİTİME BAKIŞ

2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Fatih Temizel
Keyword(s):  
United States ◽  
Best Practices ◽  
International Organizations ◽  
Financial Literacy ◽  
Financial Services ◽  
Financial Education ◽  
The United States ◽  
Developing Nations ◽  
Public Authority ◽  
Turkish Case

This study determines the importance of financial education in contemporary societies. A review of various organizations for increasing financial education whose individual and societal importance has been internationally accepted is also offered. Towards this end initiatives undertaken by international organizations and national authorities are examined. Aspects of these initiatives that can be offered as best practices for developing nations are identified. For the Turkish case financial education examples that can be organized under public authority leadership, with NGO participation are collated. Various experiences about measuring and increasing financial literacy are examined. Among these are the implementations in Australia, Japan, England and the United States. It is put forth, in light of international experience, that increasing access to financial education and efficiency of financial services are possible through, informing, education and consulting.

Zwischenruf aus der Branche: Die digitale Transformation: eine Investitionsherausforderung

2020 ◽  
Vol 25 (06) ◽  
pp. 44-44
Author(s):  
Kai-Otto Landwehr
Keyword(s):  
Financial Services ◽  
Digitale Transformation ◽  
Commercial Finance

Der globale Anstieg von chronischen Erkrankungen setzt Krankenhäuser unter Druck. Die digitale Transformation trägt zur Entlastung bei, denn sie schafft ‚smarte‘, also intelligente Krankenhäuser. Es gibt sie jedoch nicht umsonst. Woher das Geld dafür nehmen und nicht stehlen? Kai-Otto Landwehr, Leiter des Commercial-Finance-Geschäfts von Siemens Financial Services (SFS), weiß Rat.

Mekanisme Dan Proteksi Jaminan Nasabah Pada Gadai Informal

Liquidity ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 103-109
Author(s):  
Yuri Nanda Larasati ◽  
Jafril Khalil
Keyword(s):  
Qualitative Research ◽  
Research Methods ◽  
Financial Services ◽  
Field Data ◽  
Qualitative Research Methods ◽  
Research Field ◽  
Consumer Society ◽  
Library Research ◽  
The Cost

Regulation of the financial services authority (OJK) No. 31/POJK.05/2016 on Venture had arranged that the financial services agency on the basis of the law of pledge is in coaching and supervision OJK. Yet the existence of laws – invitation to Governing Enterprise pawn shops causing business activities conducted by the above parties are not yet regulated. The condition is feared could cause harm to the consumer society. The purpose of this research is to know the procedures, mechanisms, protection of goods and guarantee the consumer on an informal pledge financing, methods of determination of the cost of maintenance of the goods and the goods of the execution mechanism of the pledge as well as protection for the collateral items are viewed from the side of the consumer by looking at laws-invitations and Sharia. To find out whether the pledge have gotten permission from OJK. This research uses qualitative research methods with the study of library research, field data and simulations. The approach used in this study is the empirical juridical approach. Elaboration upon the results is discussed further in this article.

The Systemic Effects of Prudential Regulation Toughening:The Results of a Stress-test for Russian Banks

2012 ◽  
pp. 4-31 ◽  
Author(s):  
M. Mamonov ◽  
A. Pestova ◽  
O. Solntsev
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Stress Test ◽  
Credit Market ◽  
Capital Adequacy ◽  
Government Support ◽  
Government Ownership ◽  
Prudential Regulation ◽  
The Government ◽  
The Stability

The stability of Russian banking sector is threatened by three negative tendencies - overheating of the credit market, significant decrease of banks capital adequacy ratios, and growing problems associated with banks lending to affiliated non-financial corporations. The co-existence of these processes reflects the crisis of the model of private investments in Russian banking sector, which was observed during the last 20 years. This paper analyzes the measures of the Bank of Russia undertaken to maintain the stability of the banking sector using the methodology of credit risk stress-testing. Based on this methodology we conclude that the Bank of Russias actions can prevent the overheating of the credit market, but they can also lead to undesirable effects: further expansion of the government ownership in Russian banking sector and substitution of domestic credit supply by cross-border corporate borrowings. The later weakens the competitive positions of Russian banks. We propose a set of measures to harmonize the prudential regulation of banks. Our suggestions rely on design and further implementation of the programs aimed at developing new markets for financial services provided by Russian banks to their corporate and retail customers. The estimated effects of proposed policy measures are both the increase in profitability and capitalization of Russian banks and the decrease of banks demand for government support.

Modernization of Antimonopoly Policy in Russia (Economic Analysis of Proposed Changes in the Competition Law)

2005 ◽  
pp. 100-116
Author(s):  
S. Avdasheva ◽  
A. Shastitko
Keyword(s):  
Economic Analysis ◽  
Financial Markets ◽  
Financial Services ◽  
Competition Law ◽  
Commodity Markets ◽  
State Aid ◽  
Executive Power ◽  
Rule Of Reason ◽  
Per Se

The article is devoted to the analysis of the draft law "On Protection of Competition", which must substitute the laws "On Competition and Limitation of Monopolistic Activity on Commodity Markets" and "On Protection of Competition on the Financial Services Market". The innovations enhancing the quality of Russian competition law and new norms providing at least ambiguous effects on antimonopoly regulation are considered. The first group of positive measures includes unification of competition norms for commodity and financial markets, changes of criteria and the scale of control of economic concentrations, specification of conditions, where norms are applied "per se" and according to the "rule of reason", introduction of rules that can prevent the restriction of competition by the executive power. The interpretation of the "collective dominance" concept and certain rules devoted to antimonopoly control of state aid are in the second group of questionable steps.

Borders, Conflicts and Bargaining in Federations and Communities of Governments

2009 ◽  
pp. 83-99
Author(s):  
A. Libman
Keyword(s):  
Economic Policy ◽  
Public Authority ◽  
Modern World ◽  
Main Research ◽  
Research Areas ◽  
Nation States ◽  
Distribution Of Power

Economic policy in the modern world can be treated as an outcome of interaction of multiple territorial centers of public authority: nation-states, subnational and supranational jurisdictions. In the last decades economics has increased its attention to the factors which influence the distribution of power among jurisdictions. The paper surveys two main research areas in this literature: economics of conflicts and theory of endogenous decentralization. It discusses the basic models of both approaches and their modifications applied in the literature as well as factors of conflict formation and bargaining over devolution.

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