Conflicts of Interest presents the results of a two-year-long research project
bringing together academics and practitioners in both law and finance from
Europe and the US under the auspices of the Centre for Banking and Financial
Law of the University of Geneva. This book discusses the following issues:
• the duty of loyalty
• remedies, such as disclosure, incentives, organizational measures
• regulation and enforcement
• market considerations
Chapter 1. Conflicts of Interest: Disclosure, Incentives, and the
Market. Chapter 2. Structure of Executive Compensation and Conflicts of
Interest – Legal Constraints and Practical Recommendations under Swiss Law.
Chapter 3. Executive Compensation: Is Disclosure Enough?. Chapter 4.
Executive Compensation and Analyst Guidance: The Link between CEO Pay and
Expectations Management. Chapter 5. Investment Research: How to Solve
Conflicts of Interest More Efficiently. Chapter 6. Do Conflicts of
Interest Affect Analysts’ Forecasts and Recommendations? A Survey.
Chapter 7. Regulation of Financial Analysts: An Illustration of the
Current Trends in Financial Market Law. Chapter 8. Conflicts of
Interest in Research: Independence of Financial Analysts – The Costs and
Benefits of Regulation. Chapter 9. Conflicts of Interest, Especially in
Asset Management. Chapter 10. Conflicts of Interest in Institutional
Asset Management: Is the EU Regulatory Approach Adequate? Chapter 11.
Conflicts of Interest in the Distribution of Investment Funds. Chapter 12.
United States Manual Fund Investors, Their Managers and Distributors.