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Full-Text Articles in Law and Economics
What Determines M&A Legal And Financial Advisors' Competitiveness In An International Financial Centre: Using China's Going Out Policy As A Natural Experiment, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How can legal and financial advisors compete in the global market for M&A mandates? In this presentation, we review the arguments made in our paper.
A Theory Of Financial Services Competition, Compliance And Regulation, Bryane Michael
A Theory Of Financial Services Competition, Compliance And Regulation, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Do financial regulation advisors (like Capco) help their clients become more profitable? In this paper, we present a model where financial service firms may add to their own compliance teams or hire outside compliance advisors. We derive the conditions under which a financial services firm will want to hire a compliance services company, and show how much money they should spend. Financial services firms in competitive locations like Hong Kong and Singapore will particularly benefit (at least in the short run) from their services. We also show that their advice may lead to an embarrass de riches – whereby the …