In the US, shareholders can form a class action to sue a company under S10b-5 of the Securities Exchange Act for allegedly releasing misleading information, or for failing to disclose material information. The substantial cost of litigation, and its associated impact on shareholder value, has prompted debate over whether to reform access to the shareholder
Contact CMCRC for this article Author(s): Chayapol Moemeng, Vladimir Gorodetsky, Ziye Zuo, Yong Yang, Chengqi Zhang
Contact CMCRC for this article Author(s): Zhigang Zheng, Yanchang Zhao, Ziye Zuo, Longbing Cao
Solvency II is a European Union (EU) legislative program that introduces a harmonised insurance regulatory regime across the region. The program is one of the first insurance regulations in the world to follow the Basel Accord approach, with a 3-pillar structure that covers capital requirements, risk management and disclosure requirements. In Australia, the Life and
Contact CMCRC for this article Author(s): Yanshan Xiao, Bo Liu, Longbing Cao,
The shift from defined benefit to defined contribution superannuation schemes within developed countries has correspondingly increased the importance of retirement savings and investment plans. Variable annuities (VAs) with guaranteed minimum benefits (GMBs) are gaining in popularity as products that can meet the demands of the ageing population. However, guaranteeing policyholders a minimum level of return
Contact CMCRC for this article Author(s): Wei Liu, Sanjay Chawla
The recent high profile court cases in the U.S., UK and China on high frequency trading (HFT) have further elevated the concerns about HFT. In particular, a core issue in the ongoing debate is the impact of HFT on market liquidity. Market participants have long argued that the liquidity provided by HFT traders is illusory
Contact CMCRC for this article Author(s): Timothy De Vries, Sanjay Chawla, Hui Ke
Contact CMCRC for this article Author(s): Timothy De Vries, Sanjay Chawla