Research Catalog

Title

Current legal issues affecting central banks / edited by Robert C. Effros.

Publication

Washington, D.C. : International Monetary Fund, c1992-

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Effros, Robert C.
• International Monetary Fund. Legal Department.
• IMF Institute.

Description

v.; 23 cm.

Summary

This first volume in a new series for attorneys, economists, financial managers and the general public is based on biennial IMF seminars held for central bank general counsels. Among the topics analyzed by international banking and legal experts are jurisprudence concerning the IMF's Article of Agreement; the debt crisis; investment dispute settlement; banking regulation, deregulation, supervision and secrecy; electronic fund transfers (EFT); the Basle Concordat; sovereign immunity of central banks; and Islamic banking.

Subject

• Banks and banking, Central > Law and legislation > Congresses
• Banking law > Congresses

Genre/Form

• Conference papers and proceedings
• Conference papers and proceedings.

Note

• "May 1992."
• "May 1994"--v. 2, pt. 1.
• "March 1997"--v. 2, pt. 2.
• "April 1998"--v. 5.
• Papers from a 1988 seminar for general counsels of central banks sponsored by the Legal Department of the IMF in conjunction with the IMF Institute.

Bibliography (note)

• Includes bibliographical references (v. 1, p. 591-622).

Processing Action (note)

• committed to retain

Contents

• V.1 The fund agreement in the courts / F. Gianviti, P. Francotte -- Developing a market for the official SDR / W. Coats -- The role of the BIS in international monetary cooperation and its tasks relating to the ECU / M. Giovanoli, R.R. Rhomberg -- History of the debt crisis / C.M. Watson, K.P. Regling, G.R. Kincaid -- New proposals for the debt crisis / J.I. Levinson, E.M. Truman -- World Bank cofinancing and recent developments with respect to the heavily indebted countries / H.V. Morais -- Roundtable discussion of the debt crisis: Country debt restructure, 1982-1987 / A. Mudge; Coping with fatigue in the debt-restructuring process / R.J. Davis; Creditor concerns about the debt-restructuring process / F.D. Logan -- Sovereign immunity and central bank immunity in the United States / E. Patrikis, W. Debevoise -- The settlement of disputes regarding foreign investments: the role of the World Bank, with particular reference to ICSID and MIGA / I.F.I. Shihata, R.L. Munk -- Deposit insurance / J.L. Douglas, J.C. Murphy, Jr. -- Commercial bank liability under the law of the United States for deposits in foreign branches that are subject to expropriation or exchange restrictions imposed by sovereign governments / R.R. Tigert, E.A. Ludwig -- Banking secrecy: coping with money laundering in the international arena / G.L. Hilsher, M. Zeldinin -- Deregulation of banking / M. Bradfield, R.R. Bench -- The legal barrier between U.S. investment and commercial banking / C.M. Horn, S. Roberts -- Stability of financial markets: Federal Reserve responsibility? / R. L. Fogel, D.L. Goelzer -- The Basle Concordat: international collaboration in banking supervision / C.J. Thompson -- Risk-based assessment of the capital adequacy of commercial banks / W. Taylor, W.A. Ryback -- The legal framework for Islamic banking: Pakistan's experience / S.K. Murvat, A. Hamid, Z. Iqbal, A. Mirakhor -- Proposed Article 4A of the Uniform Commercial Code / C. Felsenfield.
• (Contents cont.) The work of the United Nations Commission on International Trade Law in electronic funds transfers / E. Bergsten -- The proposed UNCITRAL Convention on international bills of exchange and international promissory notes / J.A. Spanogle -- Appendices: I. Revised Basle Concordat and supplement -- II. Report of the Basle Committee on International Convergence of Capital Measurement and Capital Standards -- III. Article 4A of the Uniform Commercial Code -- IV. Draft UNCITRAL Model Law on International Credit Transfers -- V. United Nations Convention on International Bills of Exchange and International Promissory Notes.
• V.2 Appendices: I. Banking legislation : European Community first banking directive, as partially amended (12 December 1977) ; European Community second banking directive (15 December 1989) ; European Community directive on own funds of credit institutions, as amended (17 April 1989) ; European Community directive on solvency ratios, as amended (18 December 1989) ; UNCITRAL model law on international credit transfers (November 25, 1992) -- II. Documents on money laundering : Statement of principles of Basle Committee on Banking Regulations and Supervisory Practices (December 1988) ; Council of Europe Convention on Laundering, Search, Seizure, and Confiscation of the Proceeds from Crime (September 8, 1990) ; Recommendations of the G-7 Financial Action Task Force on Money Laundering (February 6, 1990) ; UN Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances (19 December 1988) ; U.S. money laundering and asset forfeiture legislation ; U.S. currency and foreign transactions reporting act ; Section 4702 of the U.S. anti-drug abuse act of 1988.
• V.3. Developments at the International Monetary Fund -- Developments at the International Bank for Reconstruction and Development : Effectiveness of legal reform / Andres Rigo. -- Developments at the International Finance Corporation / Daoud Khairallah. -- Developments at the Inter-American Development Bank -- European Economic and Monetary Union -- EC directives on investment services and the capital adequacy on investment firms and credit institutions -- Developments in Central and Eastern Europe and the Russian Federation -- Debt crisis and its resolution. -- Legal aspects of economic reform in Latin America : the case of Chile -- Developments in the U.S. banking scene : the S&L crisis and bank failures -- Prospects for banking reform in the United States -- Decline of national treatment in U.S. financial services trade policy -- Banking law developments in the United Kingdom -- Overview of developments in Canadian financial services law. -- Independence of central banks. --^
• Government securities market regulation: the case of Salomon Brothers . -- Anatomy of an international banking scandal -- Work of the Basle Committee. -- Salient features of the UNCITRAL Bills and Notes Convention. -- Appendices: I. International documents : Third amendment of the Articles of Agreement of the International Monetary Fund ; Basle Committee amendment of the 1988 Capital accord ; Basl Committee paper on minimum standards for the supervision of international banking groups and their cross-border establishments ; Organization of American States model regulations concerning laundering offences connected to illicit drug trafficking and related offences and recommendations of the groups of experts to CICAD. -- II. European Community documents and directives : Treaty establishing the European Community, as amended by the Treaty of European Union ; Protocol on the Statute of the European system of central banks and of the European Central Bank. --^
• III. European documents on bank-consumer relations : Code of banking practice prepared by the British Bankers' Association, the Building Societies Association, and the Association for Payment Clearing Services ; General business conditions prepared by the Association of German Banks ; General business conditions prepared by the Netherland's Bankers' Association. -- IV. U.S. banking legislation : Foreign bank supervision enhancement act of 1991.
• V. 4. Some specific legal features of the International Monetary Fund / Franc̜ois Gianviti -- Relationship between the International Monetary Fund and the United Nations / William Holder -- Issues regarding the special drawing right of the International Monetary Fund / Reinhard Munzberg -- Developments at the International Bank for Reconstruction and Development : the restructuring of the Global Environment Facility / Andres Rigo -- Developments at the International Finance Corporation / Jennifer Sullivan -- The first three years of the European Bank for Reconstruction and Development : legal Issues and solutions -- European Monetary Union and the European system of central banks -- European Community's second banking directive -- Banking law developments in the European Union : deposit insurance and money-laundering initiatives -- GATT and its effect on banking services -- Implications of NAFTA for central banks -- Banking law developments in Latin America --^
• Report from the Board of Governors of the Federal Reserve System : establishing foreign bank offices in the United States -- Report from the Federal Deposit Insurance Corporation : national deposit insurance has worked to promote banking stability -- Report form the Office of the Comptroller of the currency : the future of bank supervision -- Report from the Office of Thrift Supervision -- Banking reform in the United States -- Banking law developments in the United Kingdom -- Banking law developments in Canada -- Banking law developments in the Former Soviet Union -- Banking law reform in China -- Role of the central bank -- Bank supervision in the G-7 countries -- BCCI : the lessons for banking supervision -- Role of deposit insurance : financial system stability and moral hazard -- Bankruptcy policies, restructuring, and economic efficiency -- Explanation of, and guide to, business reorganizations under Chapter 11 of the U.S. Bankruptcy Code --^
• Bankruptcy law and bank insolvency law in Eastern Europe -- Significance of the International Foreign Exchange Master Agreement -- Analysis of the International Foreign Exchange Master Agreement -- Over-the-counter derivatives -- Risks of financial derivatives -- Securitization : has it matured? -- Legal issues regarding payment and netting systems -- Risks in the large-value payment system and the role of netting -- Delivery against payment -- Legal issues regarding payment and settlement -- Securities clearance and settlement -- International banking capital standards for market risk : recent developments and possible new directions --^
• Appendices: General Agreement on Trade in Services ; North America Free Trade Agreement ; International Foreign Exchange Master Agreement (IFEMA) ; International Currency Options Market (ICOM) Master Agreement ; International Swap Dealers Association (ISDA) Master Agreement ; Group of Thirty Recommendations on Derivatives ; Principles and practices for wholesale financial market transactions ; Basle Committee Amendment of the 1988 Capital Accord ; Basle Committee Report on Asset Transfers and Securitisation ; London Code of Conduct for Principals and Broking Firms in the Wholesale Markets ; EC Directive on Deposit-Guarantee Schemes ; EC Directive on Unfair Terms in Consumer Contracts.
• V. 5. Special drawing rights / Franc̜ois Gianviti -- On being a lawyer in the International Monetary Fund -- World Bank in the nineties / Ibrahim F.I. Shihata -- Developments at the International Finance Corporation / Motoko Aizawa -- Foreign exchange settlement risk -- Cross-border electronic banking : perspectives on systemic risk and sovereignty -- Stored value products : a new legal challenge -- Checks and check collection : a comparison between the common law and Geneva systems -- Comparative banking supervision -- Bank failures in Nordic countries -- Bank failures in Latin America -- Supervision by risk -- Sharing of information between supervisory authorities -- Resolution of sovereign liquidity crises : basic concepts and issues -- Legal framework for dealing with sovereign debt defaults -- Legal remedies in the event of a sovereign debt default -- Debt-rescheduling process : pitfalls and hazards -- Derivatives activities of banking institutions : initiatives for supervision and enhanced disclosure -- International law of bank secrecy / Philip R. Wood -- Financial services in the General Agreement on Trade in Services : framework and the 1995 negotiations -- Appendices : Convention providing a uniform law for bills of exchange and promissory notes ; Convention providing a uniform law for cheques ; Bills of Exchange Act, 1882 ; EC Directive on Cross-Border Credit Transfers ; EC Directive as Regards Recognition of Contractual Netting by the Competent Authorities.

ISBN

1557751420 (v. 1) :

LCCN

^^^92016996^

OCLC

25873868

Owning Institutions

Harvard Library