Search results (751 cards)

Updated: Sept. 21, 2010 (Initial publication: Sept. 9, 2010)

I. Isolated Articles

ENGLISH
 
In a letter to the U.S. Senate Banking Committee Chairman Christopher Dodd, Mr. Cox said that “soft-dollar arrangements create a conflict between a money manager and its clients, compromise a money manager’s fiduciary responsibility by inducing the manager to direct trades to broker-dealers that offer research the manager wants, instead of to the broker-dealer that could best execute the client’s transactions, and encourage overtrading of client portfolios in an effort to generate soft-dollar credits.”
 
FRANCAIS
 
Article: Commissions en nature: une pratique génératrice de conflits d'intérêts?
 
Dans une lettre adressée au Président de la Commission Bancaire du Sénat américain Christopher Dodd, M. Cox écrit que "les pratiques de commission en nature créent un conflit entre le gérant de portefeuille et ses clients ; compromettent la responsabilité fiduciaire du gérant de portefeuille en le conduisant à privilégier les courtiers en valeurs qui fournissent des recherches qui lui sont favorables, au lieu de préférer les courtiers en valeurs qui pourraient exécuter au mieux les transactions de ses clients ; et favorisent une démultiplication des transactions  (overtrading) dans le portefeuille géré afin de générer des crédits provenant des accords de commission en nature."
 
GERMAN
 
Artikel: Soft-Dollar-Vereinbarungen: verursachen sie Interessenkonflikte?
 
In einer Brief am Vorsitzender der Bankenkommission des Senates der Vereinigten Staaten Christopher Dodd schreibt Herr Cox: "Soft-Dollar-Vereinbarungen verursache Konflikte zwischen dem Vermögensverwalter und seinen Kunden; Sie gefährden die Verantwortung des Vermögensverwalters, da sie stiften ihm dazu, Brokers zu günstigen, die für ihn vortheilhafte Ergebnisse haben können, anstatt diejenigen, die am besten die Transaktionen seinen Kunden erfüllen würden. Dazu noch fördern solche Vereinbarungen die Überspekulation in Kunden-Portfolios, da durch Soft-Dollar-Vereinbarungen  der Vermögensverwalter Profit erzielen kann."
 
 
SPANISH

Arreglos de caja de ahorro común en dólares: ¿representan conflictos de intereses?

En una carta al presidente de la Comisión bancaria del Senado americano Christopher Dodd, M. Cox dijo que “los arreglos de caja de ahorro común en dólares crea conflictos entre el administrador del dinero y el cliente, comprometiendo la responsabilidad fiduciaria del administrador al inducir el administrador a privilegiar los agentes en valores que a cambio ofrecen servicios de investigación solicitados por el gerente, en vez de a aquel que está mejor dispuesto para ejecutar el trabajo  y las transacciones de los clientes, lo cual motiva la multiplicación de las transacciones (overtrading) de los portafolios de los clientes en un esfuerzo de generar estos ahorros de común en dólares.”

Updated: May 14, 2012 (Initial publication: May 14, 2012)

Breaking news

Domain names are subject to autoregulation. They are shaped by private contractual standards. This very broad and specific work gives all the rules and compares the legal systems. It includes numerous useful appendices, eg the relationship between ICANN and the registries of national top level domain names. The book also provides bibliographic information.

Updated: June 7, 2010 (Initial publication: April 1, 2010)

Translated Summaries

Updated: May 25, 2011 (Initial publication: April 13, 2011)

I. Isolated Articles

ENGLISH
 
The European Commission published its Green Paper on October 13, entitled Audit Policy: Lessons from the Crisis. Without intending to perform a substantial or methodological analysis of this Paper, which is seminal because the avenues it opens up will define the choices that will be made about future mandatory legislation.
 
SPANISH 
 

Artículo: El auditor, un jugador crucial en los mercados financieros

El Comisionado Europeo publicó su “Informe Verde” el 13 de octubre, titulado Política de Auditoría: Lecciones de la Crisis. Sin pretender funcionar como un análisis substancial o metodológico de este Informe, lo cual es seminal ya que abre un espacio que definirá las decisiones que se harán en la futura legislación obligatoria. 

ITALIAN

Articolo: Il revisore, un operatore fondamentale dei mercati finanziari

Il 13 ottobre scorso, la Commissione europea ha pubblicato il suo Libro verde, intitolato “Audit Policy: Lessons from the Crisis” (Policy Audit: Lezioni dalla crisi). Senza pretendere di fare un’analisi approfondita da un punto di vista sostanziale o metodologico, il Libro verde tratta delle questioni che saranno oggetto delle scelte delle future legislazioni nei prossimi anni.


CHINESE

记事:审计员-金融市场中的关键角色。

 

欧盟委员会(European Commission)于10月13日刊发了《危机下的教训——审计政策绿皮书》。该绿皮书摆脱了实质性或方法论性的比较研究方法,开创了一种依据未来强制性法规作出选择的方法,这也是该绿皮书的独具创意之处。

PORTUGUESE

Artigo: o auditor, um ator crucial nos mercados financeiros.

A Comissão Europeia publicou seu “Informe Verde” em 13 de outubro, intitulado Política de Auditoria: Lições tiradas da Crise. Sem pretender realizar uma análise substancial ou metodológica deste Informe, o qual é seminal, pois abre um espaço que definirá as decisões que se tomarão em futura disciplina legislativa.

GERMAN

Artikel: Der Wirtschaftsprüfer, eine wichtige Figur auf den Finanzmärkten

 


Die Europäische Kommission veröffentlichte am 13. Oktober ihr Green Paper „Wirtschaftsprüfungspolitik: Lektionen aus der Krise“. Ohne eine substantielle oder methodologische Analyse dieses Green Papers unternehmen zu wollen, kann man dieses als bahnbrechend bezeichnen, da es zukünftige verbindliche Gesetzgebung entscheidend beeinflussen wird.

 


Other translations forthcoming.

Sept. 16, 2015

Events

Attendance at this conference can be validated under the continuing education of lawyers of Paris Bar.
After the holding of this conference, a French-written book will be published in the Regulations Series, edited by Marie-Anne Frison-Roche, in the French Publisher Dalloz
 
Initially the Regulation assumes the consideration of technical objects (telephone, airplane, train, wheat, currency, electricity, etc.). This practical perspective opposes the abstract view of competition law that neutralizes objects by their monetary evaluation and the elaboration of a "fair price" obtained by the meeting of supply and demand in a market.Thus, each technical object has developed specific regulation as in a cottage garden: banking regulation, financial regulation, railway regulation, telecommunications regulation, power regulation, gaming regulation, horse races regulation, and so on. The body of rules and institutions were built, unique to each object, more effective than the behemoth that is the State in charge of all these so different objects and pursuing so many objectives that it was criticized for its inefficiency.
But different technical objects are not isolated from each other. As financial products have long taken the other items as "underlying". More Internet has introduced a novelty that could be radical.
 
Indeed, the Internet allows a circulation seems unhindered benefits that fall most often regulated sectors (financial services, health service, audiovisual services, etc.). Moreover, new objects appear, the "connected objects" whose creation is based on the Internet's ability to set effective relationship hitherto separate sectors, eg telecommunication and health services (the "connected health ).
Therefore, the Internet, which is often presented as a regulatory desert, appears as a jumble of different regulations, which contradict or are deformed by passing in the virtual world and crossing or even clashing with other regulation. So Internet would appear at first glance as a "space of interregulation".
 
The conference of 16 September 2015 dedicates its morning to draw up a diagnostic for measuring the "needs" of the Internet interregulation, so that the afternoon will allow to develop some "solutions" to interregulation. On this occasion, we can measure whether it will adapt traditional regulations because of new technologies and new uses, or more radically rethink sectoral regulations and regulatory law because Internet

Updated: July 23, 2012 (Initial publication: July 19, 2012)

Breaking news

Updated: June 7, 2010 (Initial publication: May 5, 2010)

Translated Summaries

Updated: July 19, 2011 (Initial publication: July 1, 2011)

Books

In Les 100 mots de la régulation (“Regulation in 100 Words”), Marie-Anne Frison-Roche clearly and pedagogically identifies and defines the vocabulary of regulation by making sure, from the introduction, to firmly distinguish between regulation and rule making. Regulation is the maintenance of various balances between principles, rules, and economic and social realities. Rule making is the translation of a collective will emanating from lawmakers or judges, be they national, European, or international.

Updated: April 2, 2013 (Initial publication: March 7, 2013)

JoRC

11 avril 2013, coorganisé par The Journal of Regulation et Thomson Reuteurs

Updated: March 24, 2011 (Initial publication: April 13, 2010)

Others

L'ARCEP organise un colloque bilingue sur le thème "Neutralité des réseaux / Net Neutrality". 13 avril 2010, 9h00 - 18h00 | Autorité de régulation des communications électroniques et des postes | 7 square Max Hymans, 75015 Paris