L'Imitation, Moteur De La Réglementation Financière ? L'Exemple De L'Adoption Du Co-Commissariat Aux Comptes en Tunisie (original) (raw)
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La crise financière de 2008 a placé l’ensemble des règles comptables et prudentielles de la finance sur le banc des accusés. Or ces normes qui règlent la vie du monde financier ont subi une profonde refonte depuis les années 1990. Devant l’ampleur des dysfonctionnements révélés par la crise, ce livre propose de refonder de nouvelles normes financières à partir du diagnostic suivant : la manière d’appréhender l’incertitude financière a été jusqu’à présent caractérisée par le simplisme des hypothèses sur la structure des aléas, en particulier par le recours commode mais fallacieux à la représentation brownienne du risque. La proposition de cet ouvrage consiste à assumer la réalité de l’incertitude dans les pratiques professionnelles pour reconstruire des règles comptables et prudentielles qui intègrent une vision plus réaliste des aléas financiers. À partir d’une approche pluridisciplinaire (philosophie, sciences politiques, sociologie, mathématiques, économie, histoire de la pensée économique), les auteurs montrent l’importance des formes de représentations probabilistes de l’incertitude dans les constructions sociales des normes financières. Ces éléments d’analyse conduisent les auteurs à proposer une série de recommandations qui visent à éclairer les débats et les réformes en cours. Rassemblant les travaux présentés lors de la journée Refonder les normes de la finance, organisée en novembre 2009 par le Groupe d’assurances SMABTP, cet ouvrage s’adresse aux spécialistes et à tous ceux qui s’interrogent sur les critères qui permettraient de construire un nouveau cadre conceptuel pour créer des normes susceptibles d’organiser des activités financières sûres et bénéfiques pour l’ensemble de l’économie
L'évolution de la réglementation prudentielle entre la crise financière et la crise sanitaire
Zenodo (CERN European Organization for Nuclear Research), 2022
The context of this research comes particularly after the occurrence of subprime financial crisis in 2007 and the health crisis that occurred at the end of 2019, which put the four corners of the world in endless turmoil. The main objective of this article is to highlight the new Basel Accord 4, whose implementation of his recommendations will be spread over a period of 11 years (2017-2028) as well as its challenges and prospects after three decades of implementation of Basel regulations (since 1988). A few months before the start of implementation of this reform, initially planned for January 2022 and postponed until 2023 due to the health crisis, we will focus on clarifying the changes made by this new Basel Accord, by showing its contribution and impact on the financial system in view of the current international economic circumstances, particularly after the spread of Covid-19 which has impacted and disrupted the global economy. Nevertheless, the stakes are high for the banks, mainly because a global financial crisis could arise in the near future.
Global Jurist Advances, 2006
Over the last decades, the number of international standards for financial regulation has increased remarkably. Transgovernmental networks for banking, securities and insurance regulation, such as the Basel Committee, IOSCO and IAIS, all constitute standards setting bodies. Similarly, also international organizations like the IMF and the World Bank produce international financial standards. Furthermore, the Financial Stability Forum – FSF brings together not only the transgovernmental regulatory networks mentioned above, but also intergovernmental international organizations (the IMF and World Bank, in particular) and private bodies with regulatory functions, such as the International Accounting Standards Board (IASB) and the International Auditing and Assurance Standards Board (IAASB), one of the International Federation of Accountants’ (IFAC) technical committees. This article aims to analyse the mutual interaction between global financial standards established by organisms corresponding to different models of global administration. What kind of connection links rules which have been developed by different types of global regulators? Is there competition between global financial standards originating from different bodies or are these standards mutually reinforcing? How are conflicts between global rules solved? The analysis will seek to answer such questions by examining three possible ways of interaction between global financial standards. In the first place, I will look at the trend towards a codification of global financial standards, the most obvious product of which is the development of the FSF’s “Compendium of Standards”. Secondly, the incorporation of standards established by private bodies within regulatory regimes referring to public bodies will be taken into account. Thirdly, I will examine if, and to what extent, the emergence of new mechanisms for the assessment on countries’ compliance with global financial standards may result in the prevalence of some global rules over others.
Abstract The article examines different concepts of international financial law, it role in maintaining order in the world financial system. The author examines the connection between international financial law and other regulators in the international financial system: private international law, national law. The international financial system as a complex phenomenon comprises various groups of interconnected social relations related to cross-border capital flow. The international financial relations involve direct interrelations between public legal bodies, while the private bodies are involved only in terms of national jurisdictions where domestic law or international private law (if the foreign element appears in these relations) are enforced. The influence of international financial law on private bodies is indirect and is enforced only through the influence on domestic law of States. Today, the concept of public finance is added up with the criterion of the public interest that dictates the necessity of State legal public regulation in such spheres as banking, securities market and insurance. The key qualification criterion of international financial relations is the maintenance of public economic order aiming at secure functioning of national financial systems and international financial system as a whole through international cooperation. Palabras clave: international financial law, finance, financial system, international law, international finance. Resumen El artículo examina los diferentes conceptos de derecho financiero internacional, su papel en el mantenimiento del orden en el sistema financiero mundial. El autor examina la conexión entre el derecho financiero internacional y otros reguladores en el sistema financiero internacional: el derecho internacional privado, derecho nacional. El sistema financiero internacional, como un fenómeno complejo, abarca diferentes tipos de relaciones sociales, las cuales pueden ser divididas en dos grandes grupos. El primer grupo son las relaciones establecidas entre sujetos de derecho público, es decir entre Estados y organizaciones internacionales vinculadas por los regímenes jurídicos internos, en los cuales toman parte personas, entidades jurídicas y propiedad extranjera. El segundo grupo son las relaciones derivadas tanto de los movimientos financieros transfronterizos, así como de personas naturales y jurídicas, cuando los residentes y propiedad nacional se encuentran en jurisdicciones extranjeras. La influencia del derecho financiero internacional sobre organismos privados es indirecta y se aplica sólo a través de la influencia en el derecho interno de los Estados. Hoy día, el concepto de las finanzas públicas se añade con el criterio del interés público que dicta la necesidad de la regulación del Estado en esferas tales como la banca, los mercados de valores y de seguros. Un criterio restrictivo clave que debe ser tenido en cuenta para regular las relaciones financieras internacionales consiste en la cooperación entre Estados para garantizar el orden económico público, destinado a mantener el funcionamiento seguro de los sistemas financieros nacionales y el sistema financiero internacional en su conjunto. Keywords: derecho financiero internacional, finanzas, sistema financiero, derecho internacional, finanzas internacionales.
Global Financial Standards and Networks: the Global Administrative Law Perspective
Diferentes tipos de autoridades forman parte en la arquitectura financiera global: internacionales, transnacionales y nacionales; públicas y privadas. El Consejo de Estabilidad Financiera (FBS por sus siglas en inglés), fortalecido en 2009, tiene por objeto coordinar el trabajo de estos organismos. Sin embargo, no todos los actores cumplen las mismas funciones: el G20 tiene por objeto establecer la agenda de reforma y dar el respaldo político a organismos técnicos; el FMI y el BM que, a través de FSAP y ROSCs, tienen el objetivo de hacer cumplir las normas, y no de crearlas. El proceso de elaboración de normas, incluso después de la crisis, todavía está en manos de las redes transnacionales.