scholarly journals Post-Brexit Britain and the pay culture: challenges and opportunities

2018 ◽  
Vol 69 (2) ◽  
pp. 107-125
Author(s):  
Demetra Arsalidou ◽  
Alison Lui
Keyword(s):  
Executive Compensation ◽  
Digital Technology ◽  
Financial Services ◽  
Public Sentiment ◽  
Financial Services Regulation ◽  
Executive Remuneration ◽  
Challenges And Opportunities ◽  
The Status ◽  
Legal Restrictions ◽  
The Impact

This paper examines the impact of Brexit on financial services regulation in relation to three areas linked to executive remuneration. They are: the bonus cap; the clawback of pay; and the level of disclosure required by shareholders with regard to details of directors’ remuneration. It will be argued that legally Brexit will have little impact on any of the three areas. UK legislation has already incorporated a great deal of EU legislation. The status quo of retaining such legal restrictions seems sensible in light of public sentiment towards unfairness in executive compensation and uncertainty towards the Brexit negotiations. Nevertheless, London faces stiff competition from other major international financial centres in a post-Brexit era. The loss of single passporting rights is also encouraging major banks to invest in other European financial centres. Brexit creates opportunities too. With the integration of digital technology, it is possible to create convenient platforms where investors can access reports on executive remuneration.

scholarly journals The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

2020 ◽  
Vol 8 (1) ◽  
pp. 119-128
Author(s):  
Ramadhani Irma Tripalupi ◽  
Prameshwara Anggahegari
Keyword(s):  
Financial Services ◽  
Economic Activity ◽  
Online Shopping ◽  
Qualitative Approach ◽  
Related Data ◽  
Challenges And Opportunities ◽  
The Impact ◽  
Descriptive Method ◽  
Financial Technology

This paper aims to describe the challenges and opportunities of syariah financial technology (fintech) in Indonesia, due to the impact of covid-19 pandemic. Three things that become the focus of writing, include: syariah fintech; the impact of covid-19 pandemic on fintech; syariah fintech opportunities and challenges. This study uses a qualitative approach and descriptive method with documentation/text studies in the form of related data and literature studies. The conclusion of this research is: the growth of Syariah fintech assets at the end of 2019 increased by 2074.81% from the previous year. Although affected by the pandemic, the growth of fintech during this covid-19 pandemic remained relatively stable. Prominent opportunities and challenges for the Syariah fintech resulting from the impact of covid-19 pandemic, including increased use of fintech through online shopping platforms, payments and loans; accelerated digitalization of financial services; slowed economic activity; arose various risks; and decreased debtor/UMKM performance due to the impact of the pandemic.

scholarly journals Analyzing the Structural Changes in the Credit Performance Indicators of Banks of Ukraine

2020 ◽  
Vol 9 (512) ◽  
pp. 228-238
Author(s):  
M. S. Rakhman ◽  
◽  
O. M. Haltseva ◽  
Keyword(s):  
Financial Services ◽  
Structural Changes ◽  
Swot Analysis ◽  
Banking System ◽  
Current Status ◽  
Mathematical Functions ◽  
The Status ◽  
Legal Forms ◽  
Banking Institution ◽  
The Impact

The revenue part of the banking institution is formed mainly due to the volume of credits provided and depends on the conditions of crediting the financial services market participants. Consequently, the insufficiency or inaccessibility of credit resources adversely affects the status of the entire economy. The article is aimed at an economic and statistical analysis of the current status of credit activity of the banking system of Ukraine in the dynamic conditions of development of the national economy, identifying tendencies, substantiating the prospects for expanding and reducing the risks of credit activities of banking institutions. The role and tasks of the bank’s credit operations in the country’s economy are considered; the status of the credit portfolio of the banking system in recent years is characterized; a new redistribution of banks to groups by the structure of authorized capital and the size of assets is provided. An analysis of the volumes and structure of the banks’ assets in terms of organizational and legal forms of ownership (public, private, foreign) and the proportion of credits in the structure of assets is carried out. The authors analyze changes in the total volumes and dynamics of crediting in terms of: crediting entities; national and foreign currencies; dynamics of the exchange rate and the structure of crediting by type of activity. The impact of seasonality of credit provision is identified. An assessment of the number, structure and volumes of crediting by non-financial credit institutions is provided. The predictive models are developed using different mathematical functions and statistical methods. As a result of the carried out SWOT-analysis, the main problems and shortcomings of the banking system are identified. A project of recommendations on reducing credit risks is proposed.

Executive compensation and firm risk: an examination across industries

2018 ◽  
Vol 17 (3) ◽  
pp. 359-382 ◽  
Author(s):  
Stephen Abrokwah ◽  
Justin Hanig ◽  
Marc Schaffer
Keyword(s):  
Financial Crisis ◽  
Executive Compensation ◽  
Risk Taking ◽  
Financial Services ◽  
Firm Risk ◽  
Content Type ◽  
Risk Taking Behavior ◽  
The Impact ◽  
The Relationship

Purpose This paper aims to examine the impact of executive compensation on firm risk-taking behavior, measured by the volatility of stock price returns. Specifically, this analysis explores three hypotheses. First, the impact of short-term and long-term executive compensation packages on firm risk is analyzed to assess whether the packages incentivize risk-taking behavior. Second, the authors test how these compensation and risk relationships were impacted by the financial crisis. Third, they expand the analysis to see if the relationship varies across different industries. Design/methodology/approach The econometric approach used to examine the executive compensation and firm risk relationship takes the form of two different panel model specifications. The first model is a pooled model using the panel data of executive compensation, the firm-level control variables and volatility of stock market returns. The second model highlights the differences in the relationship between executive compensation and riskiness of firm behavior across industries. Findings The authors find a significant and robust relationship, showing that during the post-financial crisis period firms tended to use long-term compensation shares to reduce firm risk. They also find that the relationship between various compensation components and firm risk varies across industries. Specifically, the bonus share of compensation negatively impacted firm risk in the financial services industry, while it positively impacted risk in the transportation, communication, gas, electric and services sectors. Additionally, long-term compensation share exhibits an inverse relationship with firm risk in the financial services, manufacturing and trade industries. Originality/value The conclusions of this paper suggest that there is indeed a relationship between executive compensation and firm risk across industries. There was a notable change in the relationship however between firm risk and long-term compensation following the financial crisis, where firms used long-term compensation to reduce firm riskiness. In other words, the financial crisis changed the nature of this relationship across S&P 1500 firms. The last key finding is that there exist differences in risk and compensation relationships across industries, and these differences across industries are highlighted across both bonus share and long-term incentive share variables. This is the first study to explore this relationship across industries.

Part V New Financial Technology in Financial Markets and Infrastructure, 15 Impact on Regulation of Financial Markets

2021 ◽  
Author(s):  
Treleaven Philip ◽  
Sfeir-Tait Sally
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Stock Markets ◽  
Financial Stability ◽  
New Economy ◽  
Financial Services Regulation ◽  
Regulation Of Financial Markets ◽  
The Impact ◽  
Financial Technology

This chapter considers the impact of fintech and regtech from a macro perspective. It demonstrates the depth of the changes and importance to consider in all the elements that are converging to create a new reality and a new economy. It also adopts the meaning of the term “fintech” as published by the Bank of International Settlements and the Financial Stability Board, which means “technology—enabled innovation in financial services”. This chapter describes the impact of fintech on financial services regulation. It provides a macro analysis on fintech solutions that are tested or implemented in financial services as they are directly applicable to stock markets and exchanges.

scholarly journals A Study of the Covid-19 Impact on Financial Services, Healthcare and Education Sector

2021 ◽  
pp. 01-13
Author(s):  
Dr. Anupam Karmakar
Keyword(s):  
Leadership Style ◽  
Digital Technology ◽  
Financial Services ◽  
Future Prospect ◽  
Digital Transformation ◽  
The Internet ◽  
Digital Revolution ◽  
Global Pandemic ◽  
Management Functions ◽  
The Impact

Organizations have already gone through a major digital transformation with the advent of the internet before. For many years they are incorporating technology in almost every aspect. The outbreak of global pandemic COVID-19 in the year 2020, which again disturbed the equilibrium, and forced the semi-automated and semi-digital legacy system-oriented organizations to shift radically towards digital transformation. In this paper, three major sectors have been covered– healthcare, financial services, and education which have undergone digital revolution effectively due to this pandemic. Digital Revolution has replaced or removed old ways of operations in those sectors and helped to reduce redundancies and waste of resources of any kind. Companies also face tremendous challenges regarding the adaptation of everything digital. The objectives of this paper are – to examine the impact of Digital shift in those sectors due to the COVID-19 pandemic and to predict the future prospect of the business with the current rate of incorporation with digital technology in these sectors, how managerial approaches when it comes to management functions like cost-effectiveness, leadership style, learning experiences have evolved to facilitate and incorporate this technology shift effectively. This research paper also studies the roadblocks faced by the organization on the way of digital transformation.

scholarly journals The Status, Challenges and Opportunities of Kalamay Festival in San Enrique, Iloilo

2020 ◽  
Vol 3 (2) ◽  
pp. 25-26
Author(s):  
Genevi P. Franciliso ◽  
Kristin Iris G. Estores
Keyword(s):  
Sugar Industry ◽  
Public Awareness ◽  
Development Plan ◽  
Cultural Aspects ◽  
Challenges And Opportunities ◽  
Raw Sugar ◽  
The Status ◽  
Social Environmental ◽  
High Level ◽  
The Impact

Events and festivals are a global phenomenon in a competitive industry that has experienced rapid growth. Festivals attract tourists and create festival tourism. San Enrique, Iloilo celebrates its Kalamay Festival every month of July. Kalamay Festival, as the primary subject of this research study, is a celebration of the town's sugarcane farming and the production of raw sugar as well as the impact of the sugar industry on the town for almost 40 years. With its current situation, it does not have a high level of market-oriented operation, public awareness, and public participation. The management of Kalamay Festival requires a well-written plan to greater guarantee sustainability in continuing such an event. The study aimed to develop a festival development plan to provide a direction in assessing the status of Kalamay Festival in terms of economic, social, environmental, and cultural aspects, including the opportunities and challenges of Kalamay Festival in terms of accessibility, accommodation, attraction, amenities, and awareness. The findings of the study served as a basis for the formulation of a three-year festival development plan that will help guide in identifying areas for development, and formulating programs to aid the needs of the Local Tourism Office of San Enrique, Iloilo that will facilitate the continuous improvement of the Kalamay Festival, to be well-recognized in the local and international tourism market.

Status of Conservation and Decline of Amphibians

2018 ◽  
Keyword(s):  
Environmental Changes ◽  
Current Knowledge ◽  
Conservation Status ◽  
Warning System ◽  
Amphibian Declines ◽  
Current Conservation ◽  
The Pacific ◽  
Challenges And Opportunities ◽  
The Status ◽  
The Impact

Amphibians are among the most threatened groups of animals on earth. In part due to their highly permeable skin, amphibians are highly sensitive to environmental changes and pollution and provide an early-warning system of deteriorating environmental conditions. The more we learn about the impact of environmental changes on amphibians, the better we as humans will be able to arrest their demise, and our own. Status of Conservation and Decline of Amphibians brings together the current knowledge on the status of the unique frogs of Australia, New Zealand, and the Pacific. Although geographically proximate, each region presents unique challenges and opportunities in amphibian research and conservation. This book contributes to an understanding of the current conservation status of the amphibians of each region, aims to stimulate research into halting amphibian declines, and provides a better foundation for making conservation decisions. It is an invaluable reference for environmental and governmental agencies, researchers, policy-makers involved with biodiversity conservation, and the interested public.

Part II Causes of Action, 3 Unregulated Financial Services and the Impact on Transactions

2014 ◽  
Author(s):  
McMeel Gerard
Keyword(s):  
Financial Services ◽  
Case Law ◽  
Financial Services Regulation ◽  
Insurance Business ◽  
The Impact

The previous sectoral or fragmented approach to financial services regulation led to inconsistent conclusions regarding the impact of statutory prohibitions on the integrity of resulting contracts. This chapter shows that the Financial Services and Markets Act 2000 largely continued the solutions introduced by the Financial Services Act 1986 for the particular problems of unauthorised investment and insurance business. The earlier case law remains instructive, in that it sheds light on the judicial techniques deployed. The regime of the 2000 Act is considered, which explicitly provides an answer to this conundrum.

The impact of Sarbanes–Oxley and Dodd–Frank on executive compensation

2019 ◽  
Vol 20 (3) ◽  
pp. 243-266
Author(s):  
Linda Hughen ◽  
Mahfuja Malik ◽  
Eunsup Daniel Shim
Keyword(s):  
Executive Compensation ◽  
Financial Services ◽  
Fixed Effects ◽  
Regulatory Change ◽  
Total Compensation ◽  
Content Type ◽  
Sarbanes Oxley ◽  
The Government ◽  
The Impact

Purpose The recent economic and political focus on rising income inequality and the extent of government intervention into pay policies has renewed the interest in executive compensation. The purpose of this paper is to examine the impact of changing regulatory landscapes on executive pay and its components. Design/methodology/approach This study examines a recent 23-year period divided into three distinct intervals separated by two major regulatory changes, the Sarbanes–Oxley Act (SOX) and the Dodd–Frank Act. Bonus, long-term and total compensation are separately modeled as a function of each regulatory change while controlling for firm size, performance and year. The model is estimated using panel data with firm fixed effects. An industry analysis is also conducted to examine sector variations. Findings Total compensation increased 29 percent following SOX and 21 percent following Dodd–Frank, above what can be explained by size, firm performance and time. Total compensation increased following both SOX and Dodd–Frank in all industries except for the financial services industry where total compensation was unchanged. Results are robust to using smaller windows around each regulation. Research limitations/implications This study does not seek to determine whether executive compensation is at an optimal level at any point in time. Instead, this study focuses only on the change in executive compensation after two specific regulations. Originality/value The debate over the extent to which the government should intervene with executive compensation has become a frequent part of political and non-political discourse. This paper provides evidence that over the long-term, regulation does not curtail executive compensation. An important exception is that total compensation was restrained for financial services firms following the Dodd–Frank Act.

THE NATURE OF LEGAL RESTRICTIONS IN ENVIRONMENTAL LAW

2019 ◽  
pp. 142-150
Author(s):  
Galyna Moroz
Keyword(s):  
Environmental Law ◽  
Functional Results ◽  
Environmental Safety ◽  
Educational Process ◽  
Practical Significance ◽  
Practical Implementation ◽  
The Status ◽  
Environmental Requirements ◽  
Content System ◽  
Legal Restrictions

Purpose. The article is aimed at analyzing the general theoretical principles and the essential characteristics of legal restrictions in environmental law; defining category of “environmental legal restrictions”, their content, system and the status of the respective legislation. Methodology. The methodology consists in carrying out a comprehensive analysis of the provisions of environmental legislation and formulating relevant conclusions on this basis. During the research, the following methods of scientific research were used: terminological, systemic and structural, comparative legal, structural and functional. Results. The objectively determined necessity of unconditional adherence to the legally established environmental requirements, prohibitions and restrictions as well as their potential scientifically substantiated enhancement in order to achieve environmentally significant goals oriented towards the priorities of sustainable development is substantiated. Restrictive mechanisms are scattered across statutory and regulatory acts of different legal force and even different branches of law, therefore, the need for their systematization and unification as well as generalization of the experience of their practical implementation in order to establish a comprehensive system of environmental restrictions is discussed. In our opinion, the conceptual basis and general essential characteristics of public environmental requirements and restrictions should be reflected in the future Environmental Code of Ukraine. Scientific novelty. In the course of the research, the author defines restrictions in environmental law as a specific sectoral imperative mechanism for regulating relations in the field of environmental safety, which consists in systematically introducing legislation on imperative provisions of environmental law as well as establishing specific legal regimes and mechanisms for their application and implementation. Practical significance. The main conclusions can be used in law-making and law-enforcing activities, as well as in further theoretical and legal research and in the educational process.

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