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Full-Text Articles in Law
Banking Integration In The European Community, George Zavvos
Banking Integration In The European Community, George Zavvos
Northwestern Journal of International Law & Business
The aim of this Article is to outline and assess the Community's strategy for the banking sector by highlighting the philosophy and the context shaping its actions. In addition, this Article will attempt to show that the Commission's various proposals, particularly the Second Banking Coordination Directive ("Second Directive"), take account of the continuing tension of, on the one hand, achieving more efficient banking systems through increased competition and, on the other hand, the absolute need for prudential supervision, enhancing the financial stability of the banks and public confidence in the banking systems. Finally, this article looks at the Community's policy …
Effects Of The Canada-United States Free Trade Agreement On The Eqity Value Of U.S. And Canadian Banks, Leonard Bierman, Donald R. Fraser, Amanda Adkisson
Effects Of The Canada-United States Free Trade Agreement On The Eqity Value Of U.S. And Canadian Banks, Leonard Bierman, Donald R. Fraser, Amanda Adkisson
Northwestern Journal of International Law & Business
This Article explains the effects of the Canada-United States Free Trade Agreement on the wealth position of shareholders of major U.S. and Canadian banks. Following the argument that stock prices in an efficient market should capture the effects of changes in regulation (both domestic and international), one would expect the prices of Canadian banks to decrease as they face substantial new competition. Likewise, the stock prices of U.S. banks operating in Canada should either rise or remain unchanged as a result of the FTA. If the greater power associated with Canadian operations is expected to add to risk-adjusted profits, stock …
A New Era Of Financial Futures Trading In Germany: Sweeping Changes In The Legal And Business Environment, Friedrich E.F. Hey
A New Era Of Financial Futures Trading In Germany: Sweeping Changes In The Legal And Business Environment, Friedrich E.F. Hey
Northwestern Journal of International Law & Business
Trading in futures has increased dramatically in recent years. This is especially true for financial futures. The two main reasons for this phenomenon are: (1) there is a greater need for hedging against price fluctuations; and (2) financial futures trading provides speculators with the opportunity to transform favorable price developments into quick and large profits. This Article examines the recently enacted legislation governing futures trading in the Federal Republic of Germany, distinguishes the new law from the old, and analyzes the impact the new legislation will have on the functioning of the new German futures exchange.
Cartel In A Can: The Financial Collapse Of The International Tin Council, Sandhya Chandrasekhar
Cartel In A Can: The Financial Collapse Of The International Tin Council, Sandhya Chandrasekhar
Northwestern Journal of International Law & Business
Sovereign states that are members of international commodity organizations must bear responsibility for the actions taken by their cartels. Without the threat of legal action and punishment as a deterrent, member states have little incentive to properly administer the international trading organizations to which they belong. This Comment will first review the factual background of the International Tin Council and the court's decision in Maclaine Watson & Co. v. Department of Trade & Industry. It will then discuss the charges that the ITC administration was mismanaged. Lastly, it will analyze some legal bases that support a decision imposing member state …