2005 | Hal Scott
Download As PDF This chapter is an overview of the field of international finance from the perspective of law and regulation. It is organized as follows. First, it examines what the field of international finance is, with respect to law, regulation and policy. Second,...
2005 | Hal Scott
Download As PDF This chapter addresses the issue of whether and to what extent banks should be required by regulation to hold capital against operational risks. It argues that the types of operational risk for which Basel II requires capital, internal or external...
2005 | Hal Scott
Download As PDF This article provides a context for understanding recent events in Japan that we believe will be useful whatever the outcome of the upcoming election. We begin with a brief overview of the PSS, assess its cost to the Japanese economy, outline the...
2005 | Hal Scott
Download As PDF Corporate governance is obviously a matter of global concern, since large public companies operate globally and have many worldwide investors. Yet, in many areas of regulation, rules of corporate governance are promulgated on a national, state, or...
2004 | Hal Scott
Download As PDF This paper explores how market discipline works for financial institutions, a highly regulated industry, and sovereigns. It is organized into two parts: (1) an assessment of what market discipline (MD) is and how it applies to banks and sovereigns and...
