Search results for

Commissioner Laura Unger has been appointed acting head of the Securities and Exchange Commission (SEC) until President George W Bush makes a final decision on a permanent appointment.

Christophe Caffard in conjunction with Philip Boys, Lovells, Paris, describes the legal and regulatory environment for online brokers in France

Electronic banking is becoming more and more fashionable in Switzerland. A great number of established banks now also offer their services on the internet. And so far five banks have been licensed to do exclusively e-banking. The Federal Banking Commission takes a liberal approach to this new form of banking. This supervisory authority considers the availability of e-banking in existing banks as a mere extension of sales channels which is not subject to an additional permit and must not even be notified to the FBC.

The Polish Parliament is working on changes to the Banking Law Act of 29 August 1997 (Journal of Laws of 1997, No 140, item 939 with subsequent amendments). The aim of the proposed amendments is to harmonize the Polish legal system with EU regulations. The main references in this process are the provisions of Directive No 2000/12, relating to the taking up and pursuit of the business of credit institutions and regulations, regarding consumer credits and electronic money.

"This should not be seen as a move to take on the best of Wall Street"

Allen & Overy has poached the senior partners of two US law firms in a bid to boost the firm's ability to offer transatlantic advice on US law for European and US clients.

Like Deutsche Börse, France’s COB is looking to help stablize stock prices by tightening its rules governing initial public offerings. Laurence Mitrovic, Skadden, Arps, Slate, Meagher & Flom, Paris, looks at the regulators plans and the unfavourable response to them

Securitization is an expanding market in Portugal, involving a variety of assets as well as various types of originator.

On January 31 2001, the Finnish Ministry of Finance appointed a working group to develop legislation applicable to the book-entry securities system and book-entry accounts. The task of the working group is to propose amendments to the legislation, in order to create a multi-level ownership system.

Shearman & Sterling has become the first major Wall Street firm to formally agree a joint venture with a firm in Asia. The firm's Singapore office is founding a joint law venture with local Singaporean firm Stamford.