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Performance bond

A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith mon ...

Re Bank of Credit and Commerce International SA (No 8)

Re Bank of Credit and Commerce International SA AC 214 is a UK insolvency law case, concerning the taking of a security interest over a companys assets and priority of creditors in a company winding up.

Regulatory haven

A regulatory haven is jurisdictions that have light financial regulation system. They often associated with having have lax tax regulation acting as tax haven and having financial secrecy. Regulatory havens can be a state, country, or territory w ...

Syndicated loan

A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. The syndicated loan market is the dominant way for large ...

Term loan

A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years in some cases. A term loan usually involves an unfixed interest rate ...

Prudential regulation

Prudential regulation is a type of financial regulation that requires financial firms to control risks and hold adequate capital as defined by capital requirements, liquidity requirements, by the imposition of concentration risk limits, and by re ...

Accredited investor

An accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor, and the consequences of being classified as such, vary between countries. Generally, accredite ...

Additional notification thresholds

In some countries, financial regulatory regimes allows issuers to set additional issuer specific notification thresholds in their articles of association.

Analyse Financiere

Founded in Paris in 1971, Analyse Financiere also known as Revue Analyse Financiere is one of Europe’s longest running financial research quarterlies, with contributions from leading academics and financial industry professionals as well as polic ...

Anglo Irish Bank hidden loans controversy

The Anglo Irish Bank hidden loans controversy began in Dublin in December 2008 when Sean FitzPatrick, the chairman of Anglo Irish Bank, admitted he had hidden a total of €87 million in loans from the bank, triggering a series of incidents which l ...

Australian securities law

Australian securities law relates to securities issued by corporations as well as other securities, including debentures, stocks and bonds issued by governments, and interests in managed investment schemes. Australian securities regulation rests ...

Basel Accords

The Basel Accords refer to the banking supervision Accords - Basel I, Basel II and Basel III - issued by the Basel Committee on Banking Supervision. They are called the Basel Accords as the BCBS maintains its secretariat at the Bank for Internati ...

Basel I

Basel I is the round of deliberations by central bankers from around the world, and in 1988, the Basel Committee on Banking Supervision in Basel, Switzerland, published a set of minimum capital requirements for banks. This is also known as the 19 ...

Basel IA

Basel IA was proposed as an intermediate between the current Basel I accord and the Basel II accord that is being implemented. Basel IA would have been more risk sensitive than Basel I but would not be as complex as the advanced approach under Ba ...

Best execution

Best execution refers to the duty of an investment services firm executing orders on behalf of customers to ensure the best execution possible for their customers orders. Some of the factors the broker must consider when seeking best execution of ...

Blank cheque

A blank cheque or carte blanche, in the literal sense is a cheque that has no monetary value written in, but is already signed. In the figurative sense, it is used to describe a situation in which an agreement has been made that is open-ended or ...

Bridge bank

A bridge bank is an institution created by a national regulator or central bank to operate a failed bank until a buyer can be found for its operations. While national laws vary, the bridge bank is usually established by a publicly backed deposit ...

Capital Adequacy Directive

The Capital Adequacy Directive was a European directive that aimed to establish uniform capital requirements for both banking firms and non-bank securities firms, first issued in 1993 and revised in 1998. These was superseded by the Capital Requi ...

Caribbean Financial Action Task Force

The Caribbean Financial Action Task Force is an organization of states and territories of the Caribbean Basin that have agreed to implement common counter-measures against money laundering. CFATF has associate status within the Financial Action T ...

Central Index Key

A Central Index Key or CIK number is a number given to an individual, company, or foreign government by the United States Securities and Exchange Commission. The number is used to identify its filings in several online databases, including EDGAR. ...

Clawback

The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where ...

Code of Conduct for Clearing and Settlement

The European Code of Conduct for Clearing and Settlement is an initiative of European securities exchanges, clearing houses and central securities depositories to set a uniform rules for trading, clearing, settlement and custody services for stoc ...

Commission de Surveillance du Secteur Financier

The Commission de Surveillance du Secteur Financier is responsible for the financial regulation in Luxembourg. The CSSF is responsible for the supervision of credit institutions, experts in the financial sector, investment companies, pension fund ...

Committee on Capital Markets Regulation

The Committee on Capital Markets Regulation is an independent and nonpartisan 501 research organization financed by contributions from individuals, foundations, and corporations.

Convention of disclosure

The convention of disclosure requires that all material facts must be disclosed in the financial statements. For example, in the case of sundry debtors, not only the total amount of sundry debtors should be disclosed, but also the amount of good ...

Corporate Registers Forum

The Corporate Registers Forum is an association of international corporate registries. The membership is open to government agencies and their officials responsible for the administration of body corporate registers a register of companies for ex ...

Customer Identification Program

A Customer Identification Program is a United States requirement, where financial institutions need to verify the identity of individuals wishing to conduct financial transactions with them and is a provision of the USA Patriot Act. More commonly ...

Investigation Division of the Central Board of Direct Taxes

The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India. It functions under the Department of Revenue in the Union Ministry of Finance and is con ...

Durbin amendment

The Durbin amendment also known as Regulation II is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd-F ...

E-file.lu

e-file.lu is an electronic filing and communication platform in Luxembourg for secure transmission of data, documents and regulatory reports between financial institutions and Luxembourg authorities. It is broadly equivalent to the SEC’s EDGAR sy ...

Matthew Elderfield

Matthew Elderfield was Deputy Governor and Head of Financial Regulation at the Central Bank of Ireland, a position sometimes referred to colloquial in Ireland as the Financial Regulator between January 2010 and October 2013. He is also the former ...

Enten controversy

The Enten controversy involved Kazutsugi Nami, the chairman of Tokyo bedding supplier Ladies & Gentlemen, arrested by Japanese police on 5 February 2009. He and twenty-one other executives were accused of defrauding 37.000 investors of at least 1 ...

Error account

An error account is a type of account used for storing compensation for errors in trading, a transaction that is not posted in a timely manner because of inconsistencies, such as an incorrect account or routing numbers to the wrong name on the ac ...

European Committee for Banking Standards

The European Committee for Banking Standards was formed in December 1992 by leading European banking associations to enhance the European technical banking infrastructure by developing standards. In 2006 its functions were taken over by the Europ ...

Finance Watch

Finance Watch is a European non-governmental organization that conducts research and advocacy on financial regulation. Based in Brussels, the organization focuses on financial regulation in the European Union and its member states. Finance Watch ...

Financial Instrument Global Identifier

The Financial Instrument Global Identifier) is an open standard, unique identifier of financial instruments that can be assigned to instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, cur ...

Financial repression

Not to be confused with economic repression, a type of political repression. Financial repression comprises "policies that result in savers earning returns below the rate of inflation" in order to allow banks to "provide cheap loans to companies ...

Financial Stability Board

The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum. The Bo ...

Financial Stability Forum

The Financial Stability Forum was a group consisting of major national financial authorities such as finance ministries, central bankers, and international financial bodies. It was first convened in April 1999 in Washington. At the 2009 G20 Londo ...

Financial Stability Institute

The Financial Stability Institute is one of the bodies hosted by the Bank of International Settlements at its headquarters in Basel. Established in 1999 by the BIS and the Basel Committee on Banking Supervision, its primary role is to improve the ...

Foreign exchange regulation

Foreign exchange regulation is a form of financial regulation specifically aimed at the Forex market which is decentralized and operates with no central exchange or clearing house. Due to its decentralised and global nature, foreign exchange mark ...

Fund governance

Fund governance refers to a system of checks and balances and work performed by the governing body of an investment fund to ensure that the fund is operated in the best interests of the fund and its investors. The objective of fund governance is ...

Group of Thirty

The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and privat ...

Hedge Fund Standards Board

The Standards Board for Alternative Investments, formerly known as the Hedge Fund Standards Board, is an international standard-setting body for the alternative investment industry and sets the voluntary standard of best practices and practices e ...

International Accounting Standards Board

The International Accounting Standards Board is the independent, accounting standard-setting body of the IFRS Foundation. The IASB was founded on April 1, 2001, as the successor to the International Accounting Standards Committee IASC. It is resp ...

International Association of Insurance Supervisors

The International Association of Insurance Supervisors is a voluntary membership-driven standards-setting organization of insurance supervisors and regulators from over 190 jurisdictions in more than 140 countries. Founded in 1994, it seeks to "s ...

International Bank Account Number

The International Bank Account Number is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors ...

International Centre for Financial Regulation

The International Centre for Financial Regulation was a UK-based non-partisan organisation focused entirely on financial regulation that operated between 2009 and 2012.

International Financial Reporting Standards

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board. They constitute a standardised way of describing the company’s financial p ...

International Forum of Sovereign Wealth Funds

The International Forum of Sovereign Wealth Funds is a nonprofit international group of sovereign wealth funds managers which was established in 2009. It is based in London, England.