000			01759naa a2200181uu 4500
001			5120710295610
003			OSt
005			20190211160311.0
008			051207s2005 xx ||||gr |0|| 0 eng d
100	1		_aWALTER, Ingo _922427
245	1	0	_aConflicts of interest and market discipline among financial service firms
260			_aOxford : _bPergamon, _cAugust 2004
520	3		_aVery recent reports on Maxwell Communications Corporation and Enron clearly underlined a single important weakness in the behaviour of corporations and financial markets –– the exploitation of conflicts of interest. Although potential conflicts of interest are a fact of life among financial firms, they can only come to flower when competition is not perfect and when markets are not fully transparent. Since underlying market imperfections are systematic even in highly developed financial systems, causing agency problems, it is essential that the problem of conflict-of-interest exploitation is addressed through improved transparency and market discipline if public confidence in financial markets is not to be repeatedly shaken. This paper explores conflicts of interest in wholesale and retail financial markets, and in financial firms. It reviews existing regulatory measures and rating agencies as well as internal controls, and recommends strengthening of measures to prevent conflict exploitation
650		4	_aFinancial conflicts of interest; Financial fraud; Agency costs; Financial market transparency; Financial regulation; Rating agencies; Corporate governance; Chinese walls _922528
773	0	8	_tEuropean Management Journal _g22, 4, p. 361-376 _dOxford : Pergamon, August 2004 _xISSN 0263-2373 _w
942			_cS
998			_a20051207 _b1029^b _cTiago
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c14190 _d14190
041			_aeng