Tag Archives: financial crisis

The Role of Over-The-Counter (OTC) Derivatives in Global Financial Crisis and Corporate Failures in Recent Times and Its Regulatory Impacts (Published)

The paper examined the role played by over-the –counter (OTC) derivatives in the recent global financial crisis and corporate failures, and the extent to which these have impacted the regulation of OTC derivatives products and markets. The research methodology employed is the critical analysis of empirical literature. The findings of the paper are therefore mixed as there were divergent views as to OTC derivatives being the sole cause of the global financial crisis and corporate failures among stakeholders. The paper therefore proposed consistency in OTC derivatives reforms among countries, proper supervision by regulatory bodies over OTC participants among others.

Keywords: Financial Markets, Over - The – Counter, Regulation, Risk, derivatives, financial crisis

Basel II Capital Adequacy Framework in the light of the Financial Crisis (Published)

These papers cover the discussion about the relevance of Basel II capital adequacy framework in the aftermath of the global financial crisis. This study covers in detail the affects of the Basel II on the financial institutions, the problems it carries and the suggestions that are needed to make improvements in it. The discussion covers in detail the impact of different factors on the global financial crisis, the reasons about their behavior and the most effect of the global financial crisis on the western banks as well.

Keywords: Basel II, Capital, Framework, financial crisis

The Suggestion of Some Comparative European Group Corporate Governance Standards after Financial Crisis, Corporate Scandals and Manipulation (Published)

In past few years, corporate scandals and bankruptcy in US and Europe and other parts of the world show some certain evidence on weak corporate governance, weak internal control system and weak audit. Though there are a few researches which have been done in the field of international corporate governance standards, we believe that this field with more rooms to explore. Therefore, this paper chooses a different analytical approach and among its aims is to give some systematic opinions. First, it classifies European Group representative corporate governance (CG) standards into two (2) groups: EASD and ECODA CG principles covered in group 1 and, group 2, including EFAMA Code and Corporate Practices from EBRD, so-called relative good CG group, while it uses ACCA and CFA principles as reference. Second, it , through analysis, shows differences between above set of standards which are and have been used as reference principles for many relevant organizations. Third, it establishes a selected comparative set of standards for European group representative corporate governance system in accordance to international standards.
Last but not least, this paper covers some ideas and policy suggestions.

Keywords: Board Structure, Code Of Best Practice, Corporate Governance Standards, Corporate Scandals, Internal Audit, Market Manipulation, financial crisis

FINANCIAL CRISIS ADJUSTMENT AND STATE REFORM: THE CASE OF PORTUGAL (Published)

This article focuses on State reform as a consequence of the financial crisis of 2008, which persists to this day. Politicians identify State reform with austerity measures. Thus, the Welfare State will be substituted by a neo-liberal State. However, once the crisis has been surpassed, the State will tend to grow again. In reality, true reform implies a change of culture and behaviours, which is quite difficult in Southern European countries, of which Portugal is part of. These countries are deeply legalist, and in which, separation between politics and administration is not always linear.

Keywords: Globalization, New Public Management, State Reform, financial crisis