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Updated: June 28, 2012 (Initial publication: June 28, 2012)

Code de l'aviation civile

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: Feb. 2, 2012 (Initial publication: Jan. 9, 2012)

Doctrine

Régulation et services d'utilité publics en Italie

Oct. 10, 2013

JoRC

Updated: Aug. 25, 2010 (Initial publication: Aug. 2, 2010)

None

Updated: Nov. 15, 2010 (Initial publication: April 13, 2010)

None

Updated: Sept. 10, 2012 (Initial publication: Sept. 5, 2012)

Breaking news

It quarrels on the best model of banking regulation, but the key is to determine the criteria against which we fight. However, two representatives of the Bank of England, during the global meeting of central bankers in Jackson Hole in the US, have appointed what they believe to be the relevant criterion: simplicity. In a short intervention, they stressed that the North American banking regulation would make about 30,000 pages and 60,000 pages for the European Union. Entitling their speech "Dog and Frisbee", they said that it is equivalent to require that a dog learns Newton's laws before catching the Frisbee. Under these conditions, many would would like to return to Glass-Steagall Act, the mere fact that this law was simple.

Updated: Sept. 17, 2012 (Initial publication: Sept. 11, 2012)

Breaking news

Germany is characterized in that in Europe generally has refused liberalization of the gambling industry. For this, it will incur remonstrance’s from the European Commission. But this issue is the responsibility of the Länder. That is why, when the Land of Schleswig-Holsteing decided in April 2011 to open the sector to competition online games, Everyone saw a sign of liberalism and compliance with European lines. But the government of this land has changed in May 2012 to make way for a coalition, it seems more favorable to a closure of that activity or, at lesse, should be left to public monopolies. However, on September 2, 5 licenses are to be given by that Government to the major operators of online games, which shows that the line previously adopted market-opening games online is maintained, unlike the rest of the Germany.

Updated: May 21, 2010 (Initial publication: Feb. 9, 2010)

None

Updated: June 24, 2011 (Initial publication: June 24, 2011)

I. Isolated Articles

ENGLISH

The Financial Reporting Council is the UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment. We set audit standards, conduct audit inspections and run the disciplinary scheme for misconduct. We are responsible for the UK Corporate Governance and Stewardship Codes.

ITALIAN

Articolo: La prospettiva dei regolatori sulle politiche di regolazione dell’audit


Il Financial Reporting Council è l’autorità di regolazione indipendente responsabile della promozione di un corretto governo d’impresa e dell’incoraggiamento degli investimenti nel Regno Unito. Stabiliamo gli standard dell’audit, svolgiamo tutte le operazioni di audit e applichiamo la procedura disciplinare in caso di infrazione. Siamo responsabili del governo d’impresa e dei codici di condotta.

SPANISH

Artículo: La perspectiva de reguladores en la política de auditas regulatorias.



 

El “Financial Reporting Council” (FRC - Consejo de Reportaje Financiero) es el regulador independiente británico responsable por asegurar una alta calidad de gobernanza y reportaje corporativo para promover la inversión. Promovemos estándares de auditoría, conducimos inspecciones de auditoría y manejamos el esquema disciplinario para la mala conducta. Somos los responsables para el UK Corporate Governance and Setwardship Codes (la gerencia corporativa británica y los códigos administrativos).

 

 

Other translations fortcoming.