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Begin New Search Content Type Policy Brief Publication Year within 25 Years

6581. The MiFID Metamorphosis

Author:
Karel Lannoo and Diego Valiante
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The Markets in Financial Instruments Directive (MiFID), adopted by the EU in April 2004 and implemented at Member State level by the end of 2007, has begun to achieve real success in transforming the EU's securities markets landscape. Judging from market data and sector publications, the Directive contributed to a revolution in trading methods and huge investments in technology, which have brought the EU and US markets closer together. Technology-driven systems, such as algorithmic trading and smart-order routing, have become the mainstream in trading process, with speed of trading and reduction of 'latency' being the key objectives. Large investments in market infrastructures are trying to strike the right balance between high capacity and speed, and low operational and technological risks that represent a future threat for these platforms, even in the post-trading space.
Political Geography:
Europe

6582. Regulatory Challenges for the EU Asset Management Industry

Author:
Karel Lannoo
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
The European asset management industry is feeling squeezed from all sides, as a result of growing prudential, product and conduct regulation. A new Directive, UCITS IV, has only just been enacted, and already new challenges are emerging in the regulation of hedge and venture capital funds, the review of the regulatory regime for depositaries (or financial custodians) and amendments to the MiFID Directive.2 In addition, a new European supervisory framework is in the making, which implies much stricter controls on enforcement. These changes are taking place in the context of one of the largest declines suffered by the industry in the last two decades, from which many fund managers have not yet recovered. The era of light regulation is thus definitely over.
Topic:
Markets, Monetary Policy, and Financial Crisis
Political Geography:
Europe

6583. Central Asian Security: Two Recommendations for International Action

Author:
Jacqueline McLaren Miller
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
EastWest Institute
Abstract:
An Experts' Group on Euro-Atlantic Security, convened by the East West Institute as part of a larger Euro-Atlantic Security Initiative, is pleased to offer its first series of policy recommendations—an international Central Asian security initiative. Given the Kazakh chair-in-office of the OSCE, this is an opportune time to engage in concrete issues in the region.
Topic:
Security, Political Violence, Ethnic Conflict, and Terrorism
Political Geography:
Europe and Central Asia

6584. Aligning the maritime industry towards realizing the New Economic Model aspirations

Author:
Nazery Khalid
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
Malaysia is at a crossroad. It has done well to boost economic growth, thanks to sound economic strategies and management. From being a developing nation dependent upon commodities and agriculture to power its economic growth, Malaysia is now one of the top 20 trading nations. However, it has found itself 'stuck' in so-called 'middle income trap'. The economy, while more diversified today compared to three decades ago, is still reliant upon labor intensive activities and, inevitably, cheap labor. Malaysia's vulnerability to external shocks, as seen during the recession and credit crunch, underscores the urgent need for the nation's economic planners and policymakers to take drastic actions to make the economy more robust and move it up the value chain.
Topic:
Economics, International Trade and Finance, and Maritime Commerce
Political Geography:
Malaysia and Southeast Asia

6585. The case for a National Merchant Shipping Policy for Malaysia

Author:
Nazery Khalid
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
For a country with Malaysia's size and population, it certainly does not punch within its weight class in merchant shipping. As of 1 January 2009, Malaysia ranked 25th in the list of the most important maritime nations by way of its 0.79% contribution (9.39 mil. DWT) to the global merchant shipping tonnage (UNCTAD, 2009). MISC is the world's largest owner / operator of LNG tankers and a key player in international seaborne energy transportation. A growing number of Malaysian owners/operators of offshore service vessels (OSV) provide their services abroad, and Malaysian captains and officers are coveted for their skills and experience are sought by shipping lines worldwide.
Topic:
International Trade and Finance and Maritime Commerce
Political Geography:
Malaysia and Southeast Asia

6586. Preparing for a low carbon future in the maritime sector

Author:
Nazery Khalid
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
The need to address the issue of climate change has become a matter of priority, and players in the shipping industry must stand up and be counted to play their part to reduce carbon emissions. Being a crucial facilitator of trade and at the forefront of activities such as offshore oil and gas exploration and production, expectation is high for the shipping industry to take urgent, meaningful action to adopt green practices.
Topic:
Climate Change, Energy Policy, Environment, and Maritime Commerce
Political Geography:
Southeast Asia

6587. Seas under siege

Author:
Nazery Khalid
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
The oceans provide sustenance, resources and employment to many people. They also act as a conduit to migration of people and movement of goods that have shaped human civilization and facilitate global trade and economic growth. In addition to these pivotal roles, the seas also act as a regulator of the world's weather pattern. The importance of oceans that give the earth the moniker 'the Blue Planet' to civilization cannot be overemphasized.
Topic:
Climate Change, Environment, International Trade and Finance, and Maritime Commerce
Political Geography:
Malaysia

6588. Meeting bigger challenges in deeper waters

Author:
Nazery Khalid
Publication Date:
04-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
As the pursuit of hydrocarbon energy expands to new territories to meet growing global demand, the pressure for oil and gas majors to find new sources of these two coveted commodities will increase. Offshore locations, especially deepwater sites, have yielded prolific deposits, and are poised to be a hive of activities in the oil and gas industry. Operations farther and deeper in offshore sites will bring a variety of issues and challenges that will test the resolve and stretch the resourcefulness of industry players.
Topic:
Climate Change, Energy Policy, Environment, and Maritime Commerce

6589. Towards Realising the Potential of Malaysia's Shipbuilding Industry

Author:
Nazery Khalid
Publication Date:
03-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
The tremendous growth of shipping activities in Malaysia over the years underlines the value of the maritime sector to its economic well-being and the importance of the seas to the lives of its people. Malaysia has emerged as a leading maritime nation in terms of merchant shipping capacity. United Nations Conference on Trade and Development (UNCTAD) ranked Malaysia 18th in a list of 35 most important maritime countries and territories as of 1 January 2008 in terms of deadweight tonnage (DWT) of its merchant vessels (including national and foreign flagged).
Topic:
Development, Industrial Policy, International Trade and Finance, and Maritime Commerce
Political Geography:
Malaysia, United Nations, and Southeast Asia

6590. Malaysia\'s Re-Election as an IMO Council Member: An Opportunity to Shin

Author:
Nazery Khalid
Publication Date:
01-2010
Content Type:
Policy Brief
Institution:
Maritime Institute of Malaysia
Abstract:
Malaysia\'s re-election as a member of Council C of the International Maritime Organisation (IMO) in November 2009 presents an excellent opportunity for this ambitious maritime nation to shine on the international stage. The re-election can be seen as the international community\'s vote of confidence for Malaysia to be the voice of developing nations at the IMO - the United Nations body that oversees the use and management of the world\'s oceans - and promote their interests. Having been given the thumbs-up by IMO members to assume the coveted IMO Council membership once again, expectations are now higher for Malaysia to make a mark at the international maritime platform.
Topic:
Democratization, International Trade and Finance, and Maritime Commerce
Political Geography:
Malaysia, United Nations, and Southeast Asia