Author Description

The second volume of this yearbook provides articles, comments, and analyses of developments throughout the previous year. A special focus section highlights the importance of arbitration and other forms of alternative dispute resolution in the financial field. Authors of major articles in this edition include Ernesto Aguirre of the International Monetary Fund, Dr. Paolo Clarotti of the European Commission, Dr. Michael Gruson of Shearman and Sterling, Konstantin Lubenchenko of the Bank of Russia, and Geoffrey P. Miller of NYU School of Law. Commentary is provided on subjects including asset securitisation in emerging markets, the Deposit-Guarantee Directive of the European Community, IOSCO and memoranda of understanding, the Vietnamese securities market, and the impact of the internet on U.S. regulation of securities markets. Recent developments, as with the previous edition, cover all major areas of the world. This year includes analysis of financial reform in China, consolidation within Mercosur, U.S. regulation of operating subsidiaries, the development of the Financial Supervisory Authority in the UK, banking law reform in central and eastern Europe, and the Korean and Thai financial crises. This volume should appeal to anyone with an interest in international financial and economic law throughout the world, a subject to which this volume as with its predecessor makes a significant contribution.