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Introduction by Barbara Ridpath, Chief Executive
You have no doubt noticed a proliferation of sources on regulatory developments given the volume and importance of regulatory change underway around the globe. We recognise it can be very hard to keep up on all relevant regulatory developments. This newsletter is not intended to replicate what you can find elsewhere or be a comprehensive source of news on regulation. Rather, our intention is to provide you with an independent, objective outlook on events and evidence-based research that helps you do your own work and analysis. It will also give you access to commentary on good work available from other sources.
This edition, in particular, highlights our recent research and calls for papers. While deliberations on regulation, particularly in the US case of Dodd-Frank, are resulting in implementation delays, we will continue to produce work that brings to light evidence on the potential consequences and economic impacts of regulatory change and the subjects which have yet to be tackled.
Barbara Ridpath
Spotlight on research
CALL FOR PAPERS – Is reporting "fit-for-purpose"? The case for financial institutions
The ICFR and its working group on financial reporting are working together to deliver a conference entitled 'Is reporting "fit-for-purpose"? The case for financial institutions'. The event will take place on 9 November 2011 in London. In preparation for the conference the ICFR has issued a call for papers with submissions due by 1 August 2011.
Please click here to view more information on the call for papers.
CALL FOR PAPERS - Corporate governance in emerging markets
We will hold a conference entitled 'The business case for strengthening corporate governance in emerging markets – Impact on firm performance and economic development', both in London and Hong Kong in December 2011. We invite academics, researchers, industry thought leaders and other interested parties to submit papers relevant to the main theme of the conference.
The deadline for submissions is 3 October 2011.
Please click here for more information on the call for papers.
ICFR conference proceedings - Future of banks' funding
A conference organised by the ICFR and hosted by the University of Chicago Booth School of Business in London gathered market participants, regulators, and academics to discuss the impact of the changing regulatory landscape on the future of banks' funding. The discussion was centred on the contributions of Professor Enrico Perotti from Amsterdam Business School and Professor David Skeel from University of Pennsylvania Law School. Patricia Jackson from Ernst & Young discussed Skeel's paper and presented a critique.
To view the conference proceedings please click here.
ICFR conference proceedings - Enterprise risk management and corporate governance for insurance firms
In conjunction with EDHEC Business School, the ICFR ran a conference in Lille on 17 May 2011 which focused on 'Enterprise risk management and corporate governance for insurance firms'. The call for papers resulted in a high level of submissions, a selection of which were presented and discussed at the conference. The ICFR successfully ensured a good balance between regulators, academics and industry practitioners to debate the subject matter at the conference.
To view the conference proceedings please click here.
ICFR launches Academic Corner
The ICFR has launched an Academic Corner on its website in order to centralise recent academic work related to global financial regulation. Our Academic Corner will include material from our academic panel (click here for details) as well as other material from top academic authors focusing on financial regulation. We welcome recommendations for papers that should be posted in this corner. Please email Sandra Glavan at sandra.glavan@icffr.org for details.
Please click here to view the Academic Corner.
2011 Annual International Regulatory Summit – What does good regulation look like?
The 2011 Annual International Regulatory Summit will take place on 18 and 19 October at the Grand Hyatt in Berlin.
The objective of the Summit is to allow senior market participants, legislators and regulators from around the world to focus collectively on practical solutions to fundamental issues associated with the theme 'What does good regulation look like?'. We will be exploring this theme from a broad range of sector and geographical perspectives.
The event will be an excellent opportunity for discussion, planning policy input and networking at a senior level. It is an important part of the ICFR's wider mission to bring clarity and a non-partisan perspective to the regulation of global markets. The Summit will include many opportunities for participation in the working groups and interaction with the speakers and panellists.
We believe that delegates will find the Summit an eventful, stimulating and valuable experience that not only enriches the debate surrounding international financial regulation but also brings us closer to a conclusion on the best way forward towards "good regulation". To register your interest in attending the Summit, please fill out the online form.
Should you have any questions please contact Magdalena Cyran at magdalena.cyran@icffr.org.
Practitioner Panel
We will hold our first Practitioner Panel on 5 July 2011. Our intention is to ensure that the ICFR agenda is adapted to the needs of market practitioners. For the initial meeting we have invited key members, market participants and selected prospective members. Please contact Freddie Hospedales at freddie.hospedales@icffr.org if you would like to be included. Please accept our apologies in advance if we are not able to accommodate everyone who is interested.
Jane Diplock joins ICFR's International Advisory Council
Jane Diplock will join the eight existing members of the International Advisory Council to provide strategic advice to the Board and use their areas of expertise to inform the work of the ICFR. Ms Diplock is a globally recognised figure in the field of securities regulation, with diverse experience of the public and private sector. Most recently, she served as the Chairman of the Executive Committee of the International Organisation of Securities Commission.
Please click here to view the press release.
Latest comments and podcasts
Barbara Ridpath writes on Dodd-Frank and whether it is doomed to fail, and whether the next President of the ECB can manage multiple mandates
Barbara Ridpath has recently written articles for Bloomberg on the Dodd-Frank Act, how likely is its effective enactment, and on the challenges that the new ECB President, Mario Draghi, is likely to face during his post.
To view Bloomberg article 'Is Dodd-Frank doomed to fail?' please click here.
To view Bloomberg article 'How good a juggler is Mario Draghi?' please click here.
ICFR analyses on Basel III and bank lending behaviour, OECD and global capital flows, and identifying SIFIs
Dr Richard Reid, ICFR's Director of Research, together with his research team, have recently written a number of analyses and comments on the website. To view a full list of analyses please click here.
To view ICFR analysis 'IMF looks at impact of Basel III on bank lending behaviour' please click here.
To view ICFR analysis 'OECD ponders global capital flows and regulation' please click here.
To view ICFR analysis on 'Identifying systemically important financial institutions' please click here.
ICFR podcasts on transaction tax, dealing with SIFIs, global capital flows
Dr Richard Reid speaks on a new Robin Hood transaction tax, dealing with Systemically Important Financial Institutions and global capital flows.
To listen to podcast on a transaction tax please click here.
To listen to podcast on dealing with SIFIs please click here.
To listen to podcast on global capital flows please click here.
Membership
As a member of the ICFR, you are able to access our members only website, discuss with us your priorities and influence our research agenda accordingly.
The Members' Area contains our research papers, analysis of global regulatory issues, insights and interviews from our roundtables and conferences. This content is restricted to members for a certain period of time, after which some of it will be available for non-members to view.
In addition, you have the opportunity to network with your peers and gain a better understanding of the issues driving regulatory reform through the various fora we organise, such as our select roundtables and our major Annual Regulatory Summit. To obtain a better understanding of how you can benefit from membership with the ICFR, please contact Freddie Hospedales at freddie.hospedales@icffr.org or click here to view more information on our website.
Further reading
Click here to view our latest bibliographies.
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