Financial conglomerates and the Chinese wall regulating conflicts of interest by Harry McVea

Cover of: Financial conglomerates and the Chinese wall | Harry McVea

Published by Clarendon Press, Oxford University Press in Oxford, New York .

Written in English

Read online

Places:

  • Great Britain.

Subjects:

  • Holding companies -- Great Britain.,
  • Subsidiary corporations -- Great Britain.,
  • Conflict of interests -- Great Britain.,
  • Insider trading in securities -- Law and legislation -- Great Britain.

Edition Notes

Includes bibliographical references (p. [259]-269) and index.

Book details

StatementHarry McVea.
Classifications
LC ClassificationsKD2112 .M37 1993
The Physical Object
Paginationxxii, 278 p. ;
Number of Pages278
ID Numbers
Open LibraryOL1741280M
ISBN 100198257139
LC Control Number92047415

Download Financial conglomerates and the Chinese wall

This book explores how regulators can ensure that conglomerate regulation is sufficiently strong to eradicate abuses but sufficiently flexible to secure the benefits of conglomeration. The Chinese Wall - a regulatory mechanism aimed at stemming Financial conglomerates and the Chinese wall book flow of information from one department in a firm to another, and reconciling conflicts of interest more generally - is singled out for special by: This book explores how regulators can ensure that conglomerate regulation is sufficiently strong to eradicate abuses but sufficiently flexible to secure the benefits of conglomeration.

The Chinese Wall - a regulatory mechanism aimed at Financial conglomerates and the Chinese wall book the flow of information from one department in a firm to another, and reconciling conflicts of interest more generally - is singled out for special : $ While conglomerates bring with them many economic benefits, such as diversification of risk and economies of scale, they also impose such costs as systemic risk and conflict of interest abuses.

This book explores how regulators can ensure that conglomerate regulation is sufficiently strong to eradicate abuses but sufficiently flexible to secure the benefits of conglomeration.

The growth of financial conglomerates, offering a range of services hitherto unprecedented, has caused problems for regulators. While conglomerates bring with them many economic benefits (diversification of risk, economies of scope, etc), they also impose costs (systemic risk and conflict of interest abuses).

Synopsis. The growth of financial conglomerates, offering a range of services hitherto unprecedented, has caused problems for regulators. While conglomerates bring with them many economic benefits (diversification of risk, economies of scope, etc), they also impose costs (systemic risk and conflict of interest abuses).Author: Harry Mcvea.

Book review of Financial Conglomerates and the Chinese Wall: Regulating Conflicts of Interest by Harry McVea and published by Clarendon Press (Oxford), ( pp.). The Chinese Wall 6. The Chinese Wall at General Law 7.

Legislative and Regulatory Approval of Chinese Walls in the USA and the UK 8. The Chinese Wall: A Policy Analysis 9. Summary and Conclusion Appendices I. Schedule 8: Principles Applicable to Designated Agency's Legislative Provisions II.

Merrill Lynch's Statement of Policy Cited by:   First, while financial conglomerates’ clients may have strong incentives to police their advisors’ Chinese walls, some harm caused by failing Chinese walls falls on third parties.

Importantly, failing Chinese walls (and informed trading that results) may cause third-party harm, that is, market-wide harm, in the form of reduced liquidity and increased volatility. A Chinese Wall, an inter-organizational ethical barrier to prevent conflicts of interest, developed in U.S.

financial circles in the s. Chinese wall refers to an ethical barrier between different divisions of a financial or other institution to avoid conflicts of interest.

It is said to exist, for example, between the corporate. The concept of Chinese wall is very relevant in today’s world of complex financial institutions wearing too many hats at the same time. Chinese walls are widely used by financial conglomerates to manage conflict of interest and to prevent insider trading.

HNA Group says that Wall Street’s biggest banks are knocking at the door to do business with it as the huge Chinese conglomerate buys up businesses around. This refers to any kind of information barrier erected between different divisions of a financial institution or any other conglomerate, to prevent the unethical use of.

Chinese wall is a business term describing an information barrier within an organization that was erected to prevent exchanges or communication that could lead to conflicts of example, a Chinese wall may be erected to separate and isolate people who make investments from those who are privy to confidential information that could improperly influence the investment decisions.

Search the world's most comprehensive index of full-text books. My libraryMissing: Financial conglomerates. In its rise to become one of China’s biggest firms, HNA Group acted more like a risky hedge fund or private equity group than a traditional conglomerate looking for long term investments, accordin.

Books Go Search EN Hello, Sign in Account & Lists Sign in Account & Lists Orders Try Prime Cart. Today's Deals Your Gift Cards Help Whole Foods. Yijing, (Chinese: “Classic of Changes” or “Book of Changes”)Wade-Giles romanization I-Ching or Yi-Ching, also called Zhou Yi, an ancient Chinese text, one of the Five Classics (Wujing) of main body of the work, traditionally attributed to Wenwang (flourished 12th century bc), contains a discussion of the divinatory system used by the Zhou dynasty g: Financial conglomerates.

Financial conglomerates are important features of the financial landscape in emerging markets as well, as Stijn Claessens of the University of Amsterdam reported in his paper.

chinese wall the segregation of the related activities of a financial institution in order to protect the interests of its clients. For example, a stock market firm could be responsible for ‘making a market’ in a particular share (see MARKET MAKER), 'while at the same time offering investment advice to clients to purchase this share, bringing with it the danger that the advice given will.

The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy. eResources including chapter questions with solutions and lecture slides will be available on this webpage.

Inside Job is a American documentary film, directed by Charles Ferguson, about the lates financial on, who began researching insays the film is about "the systemic corruption of the United States by the financial services industry and the consequences of that systemic corruption".

In five parts, the film explores how changes in the policy environment and banking. Mr McMahon, a veteran financial correspondent in China, most recently with the Wall Street Journal, wears his knowledge lightly, whether discussing ghost stories or balance book. At the same time, HNA, a vast but troubled Chinese conglomerate, is continuing the drive that helped cause its difficulties in the first place: completing billions of dollars in foreign deals.

The primary regulatory response to these challenges is the information barrier. Also known as the Chinese wall or firewall, (2) the information barrier is designed to prevent, or at least to limit, flows of non-public information within financial conglomerates.

Mike Cormack reviews China’s Great Wall of Debt by Dinny McMahon Debt has replaced unbalanced growth as the great fear afflicting the Chinese economy. Following the financial crash, this is understandable: the figures are enormous, and often unparalleled. Between andChinese firms went from owing a total of $ trillion US dollars to $ trillion.

The Chinese wall is the world is longest human made structure, extending roughly over 6, kilometers from Shan Haiguan along a curve that approximately define the south, but stretches over 6, kilometers in g: Financial conglomerates.

HNA reels after death of chairman Wang Jian in France Co-founder of Chinese conglomerate fell from wall while taking pictures, say police Wang Jian was co-founder and chairman of the aviation-to. The new important element in this process is that, after the conquering of the media and particularly the TV channels by financial conglomerates, it was the turn of book publishers to be conquered, leading to an indirect authoritarian censorship of ideas ― against which, fortunately, and at least for the time being, “small" publishers still.

Mark Maremont is a senior editor with The Wall Street Journal. He focuses on investigative reporting, and is based in the Journal's Boston g: Financial conglomerates.

Information flows within financial conglomerates: Evidence from the banks–mutual funds relation size, and market to book ratio. The attention hypothesis does not have implications in terms of better performance.

Chinese walls have been designed to wall in information obtained from one department and prevent this inside information. China's Stability Is at Risk. Offshore investors who have become enamored of the illusion of economic growth and political stability in China may want to recalibrate the reality gauge in Chinas central bank is placing new regulations on the financial sector to tame runaway growth, beginning with five conglomerates including Ant Financial Services Group, as Beijing signals its.

conglomerate definition: 1. a company that owns several smaller businesses whose products or services are usually very. Learn more. Chinese banks warned over conglomerates’ OS operations.

a source told The Wall Street Journal. China has suffered waves of capital outflows that threaten the stability of its financial. In the UK Law Commission observed that the challenges posed by fiduciary law went “to the core of the structure of the financial markets.” “At bottom,” the Commission reported, “the Chinese wall will not work as a matter of private law” and contractual disclaimers “cannot.

China is drafting new rules to rein in businesses offering multiple financial services after runaway growth in recent years has left regulators without a firm handle on their risks to the economy.

The most famous is probably the Wall Street Journal, which fits the mold of News Corps’s focus on financial information. News Corp also owns HarperCollins, which owns the Christian-niche Zondervan, making News Corp a major player in retail books as well.

Media Conglomerate #6: Sony. Are these Conglomerates the Black Swan in China. Bank of America suddenly pulled back from doing business with HNA Group, a privately held Chinese conglomerate that has been on the forefront of highly leveraged, opaque Chinese conglomerates out on a mind-boggling debt-funded acquisition binge around the world.

Why China Is Winning the Trade War. By John Cassid y. an economist with decades of experience in Washington and on Wall. Wall Street erases gains after antiviral drug disappointment and should not be taken as reflecting the views of the Financial Times.

the Chinese digital conglomerates are increasingly.Apr 11 – FS Insider interviews China expert Dinny McMahon to discuss his must-read book, China’s Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle.The financial crisis Wall Street's bad dream.

An index that reflects the risk of failure among large Wall Street dealers has climbed far above its previous high, during Bear Stearns's collapse.

54223 views Tuesday, November 10, 2020