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2010

Banking and Finance Law

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Articles 271 - 274 of 274

Full-Text Articles in Law

Regulação Cambial Entre A Ilegalidade E A Arbitrariedade: O Caso Da Compensação Privada De Créditos Internacionais, Bruno Meyerhof Salama Dec 2009

Regulação Cambial Entre A Ilegalidade E A Arbitrariedade: O Caso Da Compensação Privada De Créditos Internacionais, Bruno Meyerhof Salama

Bruno Meyerhof Salama

A compensação privada de créditos internacionais é um instituto jurídico que ainda hoje integra a regulação cambial brasileira. O instituto foi disciplinado em um decreto editado em 1933 durante a Era Vargas, e reiterado em um Decreto-Lei de 1946. Esses dispositivos contêm uma redação vaga que genericamente veda a realização de “operações [internacionais] que não transitem pelos bancos habilitados a operar em câmbio” e a “compensação privada de créditos [internacionais]”. O presente trabalho examina a compensação privada de créditos, pondo o tema em contexto histórico. Aqui apresento essencialmente dois argumentos. Em primeiro lugar, a grande insegurança jurídica que circunda a …

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Black Tuesday And Graying The Legitimacy Line For Governmental Intervention: When Tomorrow Is Just A Future Yesterday, Donald J. Kochan Dec 2009

Black Tuesday And Graying The Legitimacy Line For Governmental Intervention: When Tomorrow Is Just A Future Yesterday, Donald J. Kochan

Donald J. Kochan

Black Tuesday in October 1929 marked a major crisis in American history. As we face current economic woes, it is appropriate to recall not only the event but also reflect on how it altered the legal landscape and the change it precipitated in the acceptance of governmental intervention into the marketplace. Perceived or real crises can cause us to dance between free markets and regulatory power. Much like the events of 1929, current financial concerns have led to new, unprecedented governmental intervention into the private sector. This Article seeks caution, on the basis of history, arguing that fear and crisis …

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Crisis And Coordination: Regulatory Design In Financial Crises (Asil Proceedings, 2010), Robert B. Ahdieh Dec 2009

Crisis And Coordination: Regulatory Design In Financial Crises (Asil Proceedings, 2010), Robert B. Ahdieh

Robert B. Ahdieh

As we slowly move beyond the most significant financial crisis the world has faced since the Great Depression, its long-term consequences for our social, economic, and even political life are gradually becoming clear. Beyond the striking breadth and depth of this crisis, meanwhile, the frequency of financial crises is generally on the rise. As the last few years have made evidently clear, however, our understanding of how to handle such crises is woefully limited. In the absence of financial panic, we are unsure what to do to prevent it. Once it arises, we are nearly as unsure what to do …

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Where Do We Come From? Innovation And Regulatory Response In The Banking Industry Before The Crisis, Bruno Meyerhof Salama Dec 2009

Where Do We Come From? Innovation And Regulatory Response In The Banking Industry Before The Crisis, Bruno Meyerhof Salama

Bruno Meyerhof Salama

The architecture of financial regulation after the crisis will be an evolution of what preceded it. The available alternatives for reformation at a certain point are limited by the existing institutions. This means, primarily, that history matters, and that decisionmaking at a certain point in time is also limited by previous decisions and events. Because of that, the exercise of analyzing “where we are heading to” only makes sense insofar as we can minimally understand “where we are coming from”.

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