Yearbook of International Financial and Economic Law 1998

by Norton, Joseph J.

• ISBN13: 9789041197726
• ISBN10: 9041197729
• Format: Hardcover
• Copyright: 2000-02-01
• Publisher: Kluwer Law Intl

Summary

The third volume of this yearbook provides articles, comments, and analyses of developments throughout the previous year. A special focus section highlights the most significant legal issues raised by the formation of a single currency in the ongoing process of economic and monetary union in the European Union. Authors of major articles in this edition include Thomas Baxter of the New York Federal Reserve Bank, Professor Richard Dale of the University of Southampton, John Berchild of Sheppard, Mullin, Richter & Hampton (Los Angeles), and Professor Marc Steinberg of SMU School of Law. Commentary is provided on subjects including international financial standards And The transition economies, legal and practical aspects of recovering debt from Russian financial institutions, New Zealand's alternative approach to banking supervision, and regulation of foreign bank access in China. Recent developments, As with previous editions, cover all major areas of the world. This year includes analysis of China's new securities law, The development of the Financial Supervisory Authority in the UK, regional integration and trade liberalisation in southern Africa, and problems created by government intervention in the Hong Kong stock market. This volume will appeal to anyone with an interest in international financial and economic law throughout the world, a subject to which this volume, As with its predecessors, makes a significant contribution.

Table of Contents

Sponsoring Organisations	ix
Editorial and Submission Policies	xi
ARTICLES	1	(124)
Rights of a User of a Payment Product: A Key to Marketing Success in the Global Village?	3	(10)
Thomas C. Baxter, Jr.
Risk Management in US Derivative Clearing Houses	13	(32)
Richard Dale
The Evolving United States Experience with Alternative Dispute Resolution Respecting Financial Institution Disputes	45	(42)
J. D. Berchild, Jr.
J. Norton
The Development of Internationally Acceptable Accounting Standards: A Universal Language for Finance in the 21st Century?	87	(38)
Marc I. Steinberg
Douglas W. Arner
Christopher D. Olive
SPECIAL SECTION: EUROPEAN ECONOMIC AND MONETARY UNION	125	(218)
The Monetary Union and the Internal Market for Banking and Investment Services	127	(18)
Norbert Horn
Financial Supervision in EMU	145	(28)
Karel Lannoo
Cross-Border Credit Transfers in Euros: Legal and Operational Aspects	173	(26)
Benjamin Geva
The Euro and Its Impact on Private Law Contracts, National and International	199	(64)
Otto Sandrock
ECU-Denominated Instruments and the Introduction of the Euro	263	(14)
Lachlan Burn
The Fate of Obligations Denominated in Currencies Replaced by the Euro: An American Perspective	277	(40)
Michael Gruson
Continuity of Contracts: German Perspectives	317	(16)
Georg Maier-Reimer
Continuity of Contracts and the Threat of Litigation: The English Legal Perspective	333	(10)
Geoffrey Yeowart
COMMENTS	343	(160)
International Financial Standards and the Transition Economies	345	(14)
Michael Taylor
Legal and Practical Aspects of Recovering Debt from Russian Financial Institutions	359	(34)
Mira Davidovski
New Zealand's Alternative Approach to Banking Supervision	393	(38)
Steven Lawrence Bailey
Regulation of Foreign Bank Access in China	431	(72)
Zhongfei Zhou
RECENT DEVELOPMENTS	503	(140)
Banking and Financial Services in the United Kingdom: The New Regulatory Regime	505	(46)
George Walker
Regional Integration and Trade Liberalisation in Southern Africa: An Overview	551	(12)
Anna Morner
The Temptation to Intervene: Problems Created by the Government Intervention in the Hong Kong Stock Market	563	(32)
Katherine Lynch
The First Securities Law of China: An Assessment	595	(42)
Xian Chu Zhang
BOOK REVIEW
Ross Cranston, Principles of Banking Law (Oxford: Clarendon Press 1997)	637	(6)
Index	643