Recent events - such as the ongoing credit crisis and high-profile episodes of rogue trading - have drawn increased attention to the operational risk-management practices of global banking institutions. For many regulators, banks and industry groups, these developments have underscored the importance for global banking organisations to have effective internal control and operational risk-management mechanisms, including in the legal and compliance context.
The almost unprecedented nature, depth and geographical reach of the current market turmoil resulting from the subprime crisis have raised major challenges for all participants in the financial industry and especially for the regulators and supervisors.
Aviation law has always encompassed complex liability questions, expansive regulatory challenges, and multinational financial transactions, and recent developments have provided aviation lawyers a chance to be at the forefront of many of today's most pressing policy questions.
Recently, regulators in the United States have demonstrated a renewed interest in issues relating to online privacy. First, the uproar over Facebook's Beacon feature - which reports on users' visits to third-party websites - drew significant press attention in late 2007. Second, the size of the online advertising market generally - and behavioural advertising in particular - continues to grow by leaps and bounds.
November 2007 saw the European Commission adopt a suite of proposals to amend the current electronic communications regulatory framework (2007 review). Significant change is proposed in some areas, although it remains to be seen whether some of the more controversial proposals represent bargaining chips that the Commission will trade for implementation in other areas.
As corporate scandals continue to plague capital markets and the post-Bre-X quest for certainty in corporate governance and disclosure has not lived up to its potential, counsel more than ever must provide clients with practical guidance to help them meet regulatory and market demands for good corporate governance.
Over the past two years, the outstanding prices of base metals and commodity minerals in general have played a role in increasing mining activity in Latin America.
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