Sectors

Updated: Nov. 20, 2012 (Initial publication: Aug. 30, 2012)

Sectorial Analysis

Translated summaries

ENGLISH

A "Chambre régionale de discipline des commissaires aux comptes" (Auditors’ regional chamber of discipline) had imposed a penalty on one of these professionals, who formed a retrial before this chamber. His action is dismissed for lack of text, that confirms the "Haut Conseil du Commissariat aux Comptes (French High Council of the Commissioner of Account). The "Conseil d’Etat" (French Council of State) invalidates the decision, demanding that retrial is open, even without special text, if the applicant claims that the decision was not adopted on the relevant documents.

 

FRENCH

Une chambre régionale de discipline des commissaires aux comptes avait infligé une sanction à un de ces professionnels, qui forme un recours en révision devant cette chambre. Le recours est rejeté faute de texte, ce que confirme le Haut Conseil du Commissariat aux Compte. Le Conseil d’Etat invalide la décision, en posant qu’un recours en révision est ouvert, même sans texte spécial, si le requérant prétend que la décision n’a pas été adoptée sur des pièces pertinentes.

Updated: Sept. 25, 2012 (Initial publication: April 2, 2010)

Sectorial Analysis

Main information

A decision handed down by the French Court of Cassation (Cour de cassation) validates a right of first refusal contract whose purpose was to prevent financial speculation on the property being sold. This decision, political in nature, opens new possibilities for using the contract as an instrument for regulating real-estate prices.

Updated: Sept. 25, 2012 (Initial publication: March 22, 2010)

Sectorial Analysis

Main information

Ordinance n° 2010-76 of 21 January 2010 establishes a new independent administrative authority designated as the Autorité de contrôle prudentiel (Prudential Control Authority), resulting from the merger of the approval and monitoring authorities of the banking and insurance sectors.

Updated: Sept. 25, 2012 (Initial publication: Feb. 12, 2010)

Sectorial Analysis

Main information

The European Directive of September 16th 2009 introduces a clear definition of electronic money and establishes a new prudential supervisory regime of the business of electronic money institutions.

Updated: Sept. 25, 2012 (Initial publication: Feb. 11, 2010)

Sectorial Analysis

Main information

The ‘Autorité des Marchés Financiers’ (French Financial Markets Authority) published a guidebook on the information to be provided in listed securities’ registration documents.

Updated: Sept. 25, 2012 (Initial publication: Feb. 11, 2010)

Sectorial Analysis

Main information

The Autorité des Marchés Financiers (AMF – French Financial Markets Authority) approves the "Provisions" section of the Code of Good Practice published by the Association française de la gestion financière (AFG—French Asset Management Association).

Updated: Sept. 25, 2012 (Initial publication: Feb. 11, 2010)

Sectorial Analysis

Main information

A French Bill on banking and Financial Regulation was registered with the Presidency of the “Assemblée Nationale” (the lower house of the French Parliament, the National Assembly) on December 16th 2009, and plans for the creation of a council on financial regulation and systemic risk.

Updated: Sept. 25, 2012 (Initial publication: Feb. 11, 2010)

Sectorial Analysis

Main information

The European Commission approves a Swedish export-credit insurance scheme until December 31st, 2010, in accordance with the Temporary Framework for State Aid Measures in the current financial and economic crisis

Updated: Sept. 25, 2012 (Initial publication: April 1, 2010)

Sectorial Analysis

 

Main information

 

The European Regulation of 16 September 2009 implements a new regulatory framework for credit rating agencies, in order to restore investor and consumer confidence, enable the supervision and transparency of credit ratings, and avoid conflicts of interest.

Updated: June 11, 2012 (Initial publication: May 29, 2012)

Thesaurus : Doctrine

Policing the Markets. Inside the black box of securities enforcement

Updated: May 29, 2012 (Initial publication: May 29, 2012)

Thesaurus : Doctrine

Global Financial Integration, Thirty Years on. From reform to crisis

April 11, 2012

Thesaurus : 03. French Council of State

Read the decision.(in French)

Updated: April 4, 2012 (Initial publication: Feb. 23, 2012)

Sectorial Analysis

Main information

On February 1st, 2012, the European Commission rejected proposed merger between the NYSE-Euronext and Deutsche Boerse. The Commission did it, considering that, on the relevant market of financial derivatives, the concentration would give the new firm almost monopoly and that the proposed remedies, notably the access for competitors to the clearing house, are Insufficient.

Updated: Jan. 17, 2012 (Initial publication: Jan. 17, 2012)

Sectorial Analysis

Translated Summaries

In The Journal of Regulation the summaries’ translation are done by the Editors and not by the authors


ENGLISH

The French Loi de finance rectificative pour 2011 (Rectified Budget for 2011) was censured by the Conseil constitutionnel (French Constitutional Council) after being adopted by Parliament, but before it was published in the Journal officiel de la République Française (Official Journal of the French Republic), as a simple law can not limit the power available to the independent regulator of hiring. The "Conseil constitutionnel" does not allow the "Loi de Finances" to ask a general limit of the Regulator workforce, paid by the State. Consequently, the "Loi de Finances 2012" will not give up the will of Parliament to limit the numbers but will do in a precise and quantitative way.



FRENCH

La Loi de finances rectificative pour 2011  a été censuré par le Conseil constitutionnel, après avoir été adoptée par le Parlement, mais avant d’avoir été publiée au Journal officiel de la République française, car une loi simple ne peut limiter le pouvoir autonome d’embauche du régulateur. Le Conseil constitutionnel n’admet pas que la loi de finance puisse poser d’une façon générale la limite des effectifs du régulateur, payés par l’Etat. En conséquence, la loi de finance pour 2012 ne renoncera pas à la volonté du Parlement de limiter ces effectifs mais le fera d’une façon précise et chiffrée.


SPANISH

El Loi de finances rectificative pour 2011 (presupuesto rectificado de 2011) fue censurado por el Conseil Constitutionnel (Consejo Constitucional francés) después de haber sido aprobada por el Parlamento, pero antes de su publicación en el Journal Officiel de la République Française (Diario Oficial de la francesa República), como una simple ley no puede limitar la potencia disponible para el regulador independiente de la contratación.



ITALIAN

La loi de finance rectificative pour 2011 (legge finanziaria per il 2011) è stata modificata dal Conseil Constitutionnel (la Corte costituzionale francese) dopo essere stata votata in parlamento e prima di essere stata pubblicata alla Gazzetta ufficiale della Repubblica francese.


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Other translations fortcoming.

Updated: Jan. 13, 2012 (Initial publication: Jan. 13, 2012)

Thesaurus : Doctrine

The History Of Modern Us Corporate Governance

Updated: Jan. 2, 2012 (Initial publication: Jan. 2, 2012)

Thesaurus : Doctrine

The Financial Crisis and the Regulation of Finance

Updated: Dec. 29, 2011 (Initial publication: Dec. 29, 2011)

Thesaurus : Doctrine

Régulation et crises du capitalisme

Updated: Dec. 26, 2011 (Initial publication: Dec. 26, 2003)

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Le risque systémique dans la finance libéralisée

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

Thesaurus : Doctrine

A regulators perspective on the policies of Audit Regulation

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

Thesaurus : Doctrine

A hindrance to the development and the ermergence of audit firms of international stature?

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

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The auditor, a crucial player on financial markets

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

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The Dodd-Frank Wall Street Reform and Consumer Protection Act: May an Act Check all Regulatory Law's Boxes?

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

Thesaurus : Doctrine

The hybrid nature of the French Council of Financial

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

Thesaurus : Doctrine

Launching of the "final push to complete the European Union's financial services reform": is the Commission on the right track?

Updated: Dec. 21, 2011 (Initial publication: Dec. 21, 2011)

Thesaurus : Doctrine

Sustainable Development and Business Ethics. The Global System for Sustainable Development (GSSD). Distinguishing and Relating the Pieces to Reach a Unitary Vision