Financial Centres in Europe [electronic resource] : Post-Crisis Risks, Challenges and Opportunities /
Ayadi, R.author.
Arbak, Emrah.author.
Assesses to what extent increased international cooperation could help selected financial centres in Europe respond to the future risks and opportunities facing them. The book identifies challenges that the jurisdictions face in coming years by means of representative samples and systematic comparisons of financial centres.
Description based upon print version of record.
Cover; Title; Copyright; Contents; List of Boxes; List of Figures; List of Tables; 1 Introduction; 2 Evolving Nature and Scope of Activities; 2.1 Legal advantages; 2.2 Regulatory advantages; 2.3 Tax advantages; 2.4 Evolving scope of activities; Banking Services; Retail funds; Alternative funds; Insurance; Structured finance; Trusts, fiduciary services; 3 Compelling International Initiatives; 3.1 OECD's tax initiatives; 3.2 EU's Code of Conduct on Business Taxation; 3.3 EU's Taxation of Savings Directive (EUSD); 3.4 EU's State Aid rules; 3.5 FATF's initiatives
3.6 Financial Stability Forum (FSF) and the Financial Stability Board (FSB)3.7 IMF's Financial Services Assessment Program (FSAP); 4 Risks and Opportunities; 4.1 Macroeconomic impact of the financial crisis on large economies; 4.2 Macroeconomic impact of the financial crisis on small economies; 4.3 Impact of the crisis on the financial sector; 4.4 Changes in global regulatory frameworks; Alternative Investment Fund Managers (AIFM) Directive; UCITS amendments and revision of depositary functions; Solvency II; 4.5 Enhancing global tax coordination
Amendment of European Savings Tax Directive (2003/48/EC)Amendment of Mutual Assistance Directive (77/799/EEC); Proposed US Stop Tax Haven Abuse Act; 4.6 Global coordination on regulatory and tax matters; 4.7 Challenges to attract new skills; 4.8 Competition from emerging financial centres; 5 Conclusions and the Way Forward; 6 Appendix I: Survey of Selected Financial Centres; 6.1 Levels of activity; 6.2 Key aspects of sampled jurisdictions; Andorra; Bermuda; Cayman Islands; Cyprus; Gibraltar; Guernsey; Hong Kong; Ireland; Isle of Man; Jersey; Liechtenstein; Luxembourg; Malta; Singapore
SwitzerlandUnited Kingdom; 7 Data Annex; Notes; References; Index
Includes bibliographical references and index.
Assesses to what extent increased international cooperation could help selected financial centres in Europe respond to the future risks and opportunities facing them. The book identifies challenges that the jurisdictions face in coming years by means of representative samples and systematic comparisons of financial centres.
Business enterprises-Finance.
Accounting.
Bookkeeping .
Finance.
Macroeconomics.
Behavioral economics.
Facility management.
Business Finance.
Accounting/Auditing.
Finance, general.
Macroeconomics/Monetary Economics//Financial Economics.
Behavioral/Experimental Economics.
Facility Management.