fiduciary law and responsible investing in nature s trust routledge research in finance and banking law

Download Book Fiduciary Law And Responsible Investing In Nature S Trust Routledge Research In Finance And Banking Law in PDF format. You can Read Online Fiduciary Law And Responsible Investing In Nature S Trust Routledge Research In Finance And Banking Law here in PDF, EPUB, Mobi or Docx formats.

Fiduciary Law And Responsible Investing

Author : Benjamin J. Richardson
ISBN : 9781135941062
Genre : Law
File Size : 27. 6 MB
Format : PDF, ePub, Mobi
Download : 130
Read : 470

Download Now


This book is about fiduciary law’s influence on the financial economy’s environmental performance, focusing on how the law affects responsible investing and considering possible legal reforms to shift financial markets closer towards sustainability. Fiduciary law governs how trustees, fund managers or other custodians administer the investment portfolios owned by beneficiaries. Written for a diverse audience, not just legal scholars, the book examines in a multi-jurisdictional context an array of philosophical, institutional and economic issues that have shaped the movement for responsible investing and its legal framework. Fiduciary law has acquired greater influence in the financial economy in tandem with the extraordinary recent growth of institutional funds such as pension plans and insurance company portfolios. While the fiduciary prejudice against responsible investing has somewhat waned in recent years, owing mainly to reinterpretations of fiduciary and trust law, significant barriers remain. This book advances the notion of ‘nature’s trust’ to metaphorically signal how fiduciary responsibility should accommodate society’s dependence on long-term environmental well-being. Financial institutions, managing vast investment portfolios on behalf of millions of beneficiaries, should manage those investments with regard to the broader social interest in sustaining ecological health. Even for their own financial self-interest, investors over the long-term should benefit from maintaining nature’s capital. We should expect everyone to act in nature’s trust, from individual funds to market regulators. The ancient public trust doctrine could be refashioned for stimulating this change, and sovereign wealth funds should take the lead in pioneering best practices for environmentally responsible investing.

Competition Law And Financial Services

Author : David Harrison
ISBN : 9781134090792
Genre : Law
File Size : 70. 50 MB
Format : PDF, Kindle
Download : 954
Read : 1053

Download Now


Competition law underpins the market economy by prohibiting anti-competitive agreements and practices, and the abuse of dominant positions in the market. Until the financial crisis it was widely assumed that the financial services industry was highly competitive. This book explores the extent to which this is the case. By analysing crisis and pre-crisis competition law cases and examples from the UK, the EU and around the world, David Harrison asks whether there exists good reason for financial services to be treated differently from the rest of the market economy. The theory of market efficiency is not borne out in practice. He particularly draws upon John Maynard Keynes in examining the differences between price mechanisms in product markets for "normal" goods, and price mechanisms in financial and investment markets where expectations of the future tend to play a greater role, leading to greater price fluctuations. In this evaluation, the book examines aspects of the practical functioning of capital markets such as the phenomenon of herding behaviour by financial participants, how short-term behaviour by intermediaries can be to the disadvantage of savers and productive investment, the relationship between investment markets and product markets and the extent to which the same competition rules apply to undertakings involved in both. The book will be invaluable to students, researchers and practitioners of banking and finance law, and commercial and competition law. .

Institutional Structure Of Financial Regulation

Author : Robin Hui Huang
ISBN : 9781317910640
Genre : Business & Economics
File Size : 65. 69 MB
Format : PDF, ePub, Docs
Download : 525
Read : 742

Download Now


In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels, and has instigated financial regulatory reforms in major markets overseas. This has included the enactment of the Dodd-Frank Act in the US, and the programme to split the Financial Services Authority in the UK. This book examines the institutional structure reform of financial regulation from a comparative perspective, exploring both fundamental theories and international experiences. The book explores the three main institutional structures of financial regulation in the world; the sectors-based model, adopted in the US, Mainland China and Hong Kong; the twin-peaks model with Australia and the Netherlands as its pioneers; and the single-regulator model as represented by the former Financial Services Authority in the UK and the Financial Services Agency in Japan. The book contains contributions from renowned experts in the field of financial regulation including Douglas Arner, Jeffrey Carmichael, Robin Hui Huang, Dirk Schoenmaker, and Michael Taylor, and will be of interest to students and researchers of banking and finance law, and comparative economics.

Accountability In Public Policy Partnerships

Author : J. Steets
ISBN : 9780230290617
Genre : Political Science
File Size : 31. 54 MB
Format : PDF, Mobi
Download : 339
Read : 866

Download Now


A PDF version of this book is available for free in open access via the OAPEN Library platform, www.oapen.org . This book presents a new model of accountability which ensures that public-private partnerships don't erode public accountability. It defines concrete accountability standards for different types of partnerships.

Capital Failure

Author : Nicholas Morris
ISBN : 9780198712220
Genre : Business & Economics
File Size : 43. 70 MB
Format : PDF, ePub, Mobi
Download : 560
Read : 1304

Download Now


Adam Smith's "invisible hand" relied on the self-interest of individuals to produce good outcomes. Economists' belief in efficient markets took this idea further by assuming that all individuals are selfish. This belief underpinned financial deregulation, and the theories on incentives andperformance which supported it. However, although Adam Smith argued that although individuals may be self-interested, he argued that they also have other-regarding motivations, including a desire for the approbation of others. This book argues that the trust-intensive nature of financial servicesmakes it essential to cultivate such other-regarding motivations, and it provides proposals on how this might be done. Trustworthiness in the financial services industry was eroded by deregulation and by the changes to industry structure which followed. Incentive structures encouraged managers to disguise risky products as yielding high returns, and regulation failed to curb this risk-taking, rent-seeking behaviour.The book makes a number of proposals for reforms of governance, and of legal and regulatory arrangements, to address these issues. The proposals seek to harness values and norms that would reinforce "other-regarding" behaviour, so that the firms and individuals in the financial services act in amore trustworthy manner. Four requirements are identified which together might secure more strongly trustworthy behaviour: the definition of obligations, the identification of responsibilities, the creation of mechanisms which encourage trustworthiness, and the holding to account of those involved in an appropriate manner.Financial reforms at present lack sufficient focus on these requirements, and the book proposes a range of further actions for specific parts of the financial industry.

Die Analyse Der Finanzkrise Und Was Sie Bedeutet Weltweit

Author : George Soros
ISBN : 9783862486540
Genre : Business & Economics
File Size : 31. 44 MB
Format : PDF, Kindle
Download : 391
Read : 890

Download Now


In seinem vorangegangenen Bestseller stellte George Soros einen theoretischen Rahmen für das Verständnis der Finanzkrise vor, die sich damals abzuzeichnen begann. Er hatte schon früh erkannt, dass die Krise gravierender war, als viele eingestehen wollten. In seinem neuen Buch fasst Soros die erschreckenden Fakten zusammen, die immer noch die Spalten der Zeitungen füllen. Dabei analysiert er scharfsinnig jeden einzelnen Fall. Soros ist bekannt für seine treffenden Prognosen und scheut sich auch dieses Mal nicht einen Blick in die Zukunft zu werfen. So konfrontiert er den Leser schonungslos mit den Auswirkungen der Krise, indem er die künftige Entwicklung des Dollar, der Schwellenländer Indiens und Chinas sowie die stärker werdende Rivalität von EU und Russland unter die Lupe nimmt.

Investmentsteuerrecht

Author : Florian Haase
ISBN : 9783658075798
Genre : Business & Economics
File Size : 39. 96 MB
Format : PDF, Kindle
Download : 781
Read : 841

Download Now


Dieses Buch bietet eine aktuelle und praxisnahe Einführung in die komplizierte Materie des Investmentsteuerrechts, die immer mehr an Bedeutung zunimmt, denn nach jüngsten Schätzungen besitzen schon ca. 60% aller deutschen Haushalte Anteile an Investmentfonds. Der Schwerpunkt der Darstellung im Buch liegt auf der Besteuerung des Anlegers. Eine Vielzahl von Praxishinweisen und Beispielen rundet die Darstellung ab. Das Buch ist auf dem Rechtsstand von März 2015. Für die 2. Auflage wurde das Buch vollständig überarbeitet und auf den Rechtsstand des sog. AIFM-Umsetzungsgesetzes (AIFM-Steuer-Anpassungsgesetz-AIFM-StAnpG) angepasst. Das AIFM-StAnpG vollzieht den ebenfalls neuen aufsichtsrechtlichen Rahmen des sog. Kapitalanlagegesetzbuchs (KAGB) bzw. der zugrundeliegenden europäischen Richtlinie über die Verwalter alternativer Investmentfonds (AIFM-Richtlinie) steuerlich nach.

Wir Wettermacher

Author : Tim F. Flannery
ISBN : 3596172217
Genre : Climatic changes
File Size : 41. 46 MB
Format : PDF, Mobi
Download : 315
Read : 458

Download Now



Oecd Grunds Tze Der Corporate Governance

Author : OECD
ISBN : 9789264574229
Genre :
File Size : 56. 45 MB
Format : PDF, ePub, Docs
Download : 177
Read : 290

Download Now


Ein gutes Corporate Governance-System ist für den effizienten Einsatz des Unternehmenskapitals von entscheidender Bedeutung.

Oecd Leits Tze F R Multinationale Unternehmen

Author : OECD
ISBN : 9789264122352
Genre :
File Size : 33. 37 MB
Format : PDF, ePub
Download : 474
Read : 308

Download Now


Die OECD-Leitsätze für multinationale Unternehmen sind das weltweit wichtigste staatlich geförderte Instrument für verantwortungsvolles unternehmerisches Handeln. Die Ausgabe 2011 enthält neue Empfehlungen zu den Menschenrechten und zur Verantwortung der Unternehmen für ihre Zulieferketten.

Top Download:

Best Books