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The author aims to investigate the current status of legal protection of whistle-blowers. She will focus on the treatment of the ex-Head of Regulatory Risk at HBOS before the financial crisis of 2007. The author then reviews the whistle-blowing policies and Codes of Conduct of five UK banks and compares them with the policies in the health industry. The article first utilises the black letter law approach to review the current status of legal protection to whistle-blowers. The author then undertakes empirical research into the whistle-blowing policies and Codes of Conduct of five major UK banks. She also adopts a comparative socio-legal analysis, studying the law in both the United States and the United Kingdom. Whistle-blowers play an important role in increasing transparency and informing regulators to stay ahead of malpractice. Legislation alone cannot protect whistle-blowers fully. Corporate governance measures and a tripartite gatekeeping model between the regulator, Chief Risk Officer and auditors are required to give whistle-blowers more protection. This article will have policy implications for practitioners and policymakers on national and international dimensions. Whistle-blowing in the financial industry has been neglected in the major corporate governance and banking regulation reports. The author combines empirical research with her own model of tripartite gatekeeping to protect whistle-blowers in the financial world. This article is thus original and valuable to both academics and practitioners.

Résumé Bien que l'économie suisse soit basée sur le principe de la liberté économique, et bien que l'État doive limiter ses interventions sur le marché, il y a des situations dans lesquelles l'État est autorisé à concurrencer les acteurs privés. C'est le cas des banques cantonales, dont le développement les rapproche des banques classiques. Dans la majorité des cas, les Cantons soutiennent financièrement leurs banques pour des raisons politiques. En outre, durant la crise financière, les acteurs fédéraux ont renfloué UBS. Le Conseil fédéral a fondé directement sa décision sur des articles de la Constitution qui prêtent à controverse. Pour prévenir toute future intervention étatique, une commission d'experts a présenté des premiers résultats, visant à rendre plus rigoureuses les conditions concernant les fonds propres des banques les plus importantes.

AbstractThe 2007–2009 financial crisis has led to considerable debate about the role of financial industry actors in global regulatory processes. This article seeks to contribute to this debate by assessing when and why financial industry actors mobilise in order to influence securities markets regulations. Do these mobilisation patterns suggest undue influence by a small set of powerful industry actors, or do they reflect the engagement of a more diverse set of actors representing broader public interests? It is argued that variation in mobilisation patterns is a function of: (1) institutional opportunity (the openness and accessibility of regulatory politics); and (2) demonstration effects (how crises increase the salience of regulatory issues). Empirical analyses suggest that the financial crisis diminished the diversity of mobilising actors. This trend, however, is reversed when the news media disseminate information about the costs of weak financial regulation and thereby increase the salience of regulatory issues.

This study deals with the political economy of local financial industries in China. It focuses on the changing patterns of political interference and the key role of Communist Party bodies in shaping business incentives. The centralization measures in the financial sector that were implemented under the Zhu Rongji government in 1998 and 1999 turned out to be not very effective in supervising local financial institutions. From 2000 to 2003, a trend towards a reaffirmation of local control in financial business emerged. Local governments began to set up new financial work bodies with comprehensive functions and extensively used local banks as their "moneybag" again. Reducing the risks involved in the current politicized management of local financial business will be inseparable from political, legal and regulatory changes: curbing the Communist Party's role in cadre appointments, strengthening legal corporate governance structures and clarifying the division of labor among national and local supervisory bodies. (J Contemp China/GIGA)

This work deals with legal and institutional presumptions and limits of the application of financial innovation of securitization on the market of the capital of Serbia. Aim is to show the possibility of implementing this financial innovation into the market of capital of Serbia, relying on theoretical and empiric knowledge of developed markets of securitization. The securitization is defined in this study and the typical types and characteristics of securitization are identified. The main drives and motives and structures of securitization are explained. This work points out the risks and also advantages and disadvantages of securitization as well as basics of its application and functioning. The key instructions of securitization in European Union and experience in application in those countries are discussed afterwards. A short review of the problems that countries in transition confront in the course implementing of this financial innovation is given. In the end the proposition of the draft of the law about securitization in Serbia not yet accepted is analyzed. And finally certain legal and institutional presumptions of vital importance for the implementation of this financial innovation in the market of the capital of Serbia are identified.

"Talent management is a way banks acquire competitive advantage. Practices such as personality profiling with effective knowledge-based productivity and the application of high-performance work systems help to set a company apart from its competition and maintain this competitive advantage. This book provides an in-depth look at the relationship between personality types and individual-level performance in knowledge-based environments, through cases in Australia's banking and finance sector. This book also examines how high-performance workplace systems influence individual performance in relation to productivity through a multi-level analysis of micro- and meso-level factors. The findings in this book have relevant implications not only for the Australian system but also for other banking and financial service contexts outside of Australia"--

This book presents a collection of state-of-the-art research findings on the digital transformation of financial services. Digitalization has fundamentally changed financial services and has a tendency to reshape the landscape of the financial industry in an unprecedented manner. Over the last ten years, the development of new financial technologies has contributed to the creation of new business and organizational models, along with new approaches to service delivery. By encompassing significant conceptual contributions, innovations in methods and techniques, and by delineating the main applications of digital transformation in Central and Eastern Europe (CEE), the volume extends current knowledge on digital transformation in the financial industry. The book is divided into two parts. The first part provides a social-science perspective on digital transformation in the financial industry. The second part provides the most recent evidence on how financial technologies are transforming financial services on the markets, and how the adoption of modern information technologies fosters setting up new financial services. Further, this part outlines new approaches to digital transformation in the financial industry. This book will appeal to students, scholars, and researchers of finance, monetary economics, and business, as well as practitioners interested in a better understanding of the digital transformation of financial services, new financial technologies, and innovations in finance.