Government intervention versus disclosure: the evolution of capital market regulation in Israel
Article Abstract:
Government regulation of the capital market in Israel should only be enough to provide a structure within which a free market operates. There has been increasing pressure for more regulation since the stock exchange crash in Tel Aviv in 1983, and reforms came from the Securities Authority, the Treasury and the Bank of Israel. These reforms and new securities legislation, such as amendments to the Securities Law, have yet to be integrated into a national economic policy which guarantees growth.
Publication Name: University of Pennsylvania Journal of International Business Law
Subject: Law
ISSN: 0891-9895
Year: 1992
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Is self-regulation the best option for the advertising industry in the European Union? An argument for the harmonization of advertising laws through the continued use of directives
Article Abstract:
The use of European Union directives rather than self-regulation would be a better method of harmonizing existing law for the advertising industry. The advertising industry has been lobbying to discontinue use of such directives as the Misleading Advertising and Television Broadcasting directives. However, self-regulation cannot promote the EU's goal of harmonization because it is unenforceable and cannot ensure consumer protection.
Publication Name: University of Pennsylvania Journal of International Business Law
Subject: Law
ISSN: 0891-9895
Year: 1995
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Competition in the European financial services industry: the free movement of capital versus the regulation of money laundering
Article Abstract:
The 1988 Capital Movements Directive (CMD) and the 1990 Money Laundering Directive (MLD) of the EC conflict with each other. While the CMD is intended to facilitate a unified financial services industry that is more competitive in the world, the MLD undoes many of the CMD's advantages. An example of the conflict is occurring in Luxembourg over the issue of bank secrecy.
Publication Name: University of Pennsylvania Journal of International Business Law
Subject: Law
ISSN: 0891-9895
Year: 1992
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Comment about this article or add new information about this topic:
- Abstracts: Regulatory reform in transition: the telecommunications industry and MFJ regulation. The shape of competition under Title VII of the Energy Policy Act of 1992
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