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In answer to the economic crisis, to the scandals and to the frauds, the risk of reputation has emerged (Trotta, Iannuzzi, & Pacelli, 2016). Moreover, the increased power given to regulators (Van Erp, 2013) to disclose penalties including the names of offenders amplified the risk. The media representation of these penalties can seriously damage the reputation of financial institutions concerned.
In this context, we study the quantitative impact of the publication of sanctions by UK and French regulators and the qualitative impact of the first media representation of penalties on the reputational risk of UK financial institutions. 
The sample for the publication of sanctions by the UK regulator is formed on the basis of the year 2013 whereas the sample for the publication of sanctions by the French regulator is formed on the basis of the period from December 2006 to July 2017. The results show an insignificant impact of the publication of sanctions on the abnormal returns. Therefore, the risk of reputation is low. However, we note that the coefficient of determination was diverging. This calls into question the use of good market indexes in the literature. 
Regarding the first media representation, we analyse in-depth three press articles appeared before the settlement date of sanctions and we find that the press has chosen to cover financial scandals. The content of these articles reflected an opposition to the regulation (“anti-regulation”). The choice and the content of the press limit the impact on the reputation because it tells the facts like structural problems.

Reputational risk --- Media representation --- Abnormal return --- Financial market regulators --- Administrative sanctions --- Publication of sanctions --- Financial institution --- Sciences économiques & de gestion > Finance

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Dangerous Opportunities presents a timely contribution that provides lessons for post-pandemic economic recovery from the pre-pandemic Home Capital crisis, a watershed in Canadian Financial markets.

Corporate governance --- Financial institutions --- Housing policy --- Law and legislation --- Canada. --- alternative lender. --- board composition. --- corporate governance. --- home capital. --- non-bank financial institution. --- pension funds. --- regulation of financial institutions. --- subprime mortgage lending.

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We understand very little about the billions of dollars that flow throughout the world from migrants back to their home countries. In this rigorous and illuminating work, Matt Bakker, an economic sociologist, examines how these migrant remittances—the resources of some of the world’s least affluent people—have come to be seen in recent years as a fundamental contributor to development in the migrant‑sending states of the global south. This book analyzes how the connection between remittances and development was forged through the concrete political and intellectual practices of policy entrepreneurs within a variety of institutional settings, from national government agencies and international development organizations to nongovernmental policy foundations and think tanks.

Economic development --- Economic development. --- Emigrant remittances --- Emigration and immigration --- Emigrant remittances. --- Immigrant remittances --- Remittances, Emigrant --- Foreign exchange --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic aspects. --- Mexico --- international policy --- economic development --- sustainable development --- emigrant remittances --- migration --- Directo a México --- Financial institution --- Neoliberalism --- North America --- United States

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Corporate governance arrangements define the responsibilities, authorities and accountabilities of owners, boards of directors, and executive managers of a company. Good corporate governance is as important for state financial institutions as for private sector companies. Many of the problems that commonly afflict state financial institutions can be associated with, if not attributed directly to, weaknesses in corporate governance. This note draws on guidelines recently published by the OECD and the Basel Committee for Banking Supervision to compile a comprehensive corporate governance evaluation framework relevant to state-owned commercial and development finance institutions. It highlights aspects of this framework that are considered to be of particular importance to state financial institutions by citing innovative practices in a number of countries. Finally, it presents a detailed case study of the governance arrangements in place at the Development Bank of Southern Africa.

Banks and Banking Reform --- Corporate governance --- Corporate Law --- Debt Markets --- Disclosure --- Emerging Markets --- Finance and Financial Sector Development --- Financial institution --- Financial Institutions --- Financial management --- Financial Systems --- Governance --- Institutional foundations --- Law and Development --- Legislation --- National Governance --- Presidency --- Private Sector Development --- Public policy

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Many studies have shown that firm growth decreases monotonically with size and age. In this study, the authors investigate employment growth of firms in Turkey with an emphasis on small and medium size enterprises. In Turkey, small and medium size enterprises account for almost 77 percent of employment and play a crucial role in the economy. However, the analysis of firm dynamics in Turkey shows that medium-size firms (51-250 workers) are the slowest growing group in the economy. Moreover, small and medium size enterprises grow at a slower rate in Turkey than in several comparator countries in the Eastern Europe and Central Asia region. After determining this irregularity, the paper analyzes how the investment climate affects firm growth and finds that improved access to finance is the most important factor that significantly increases firm growth rates.

Access to Finance --- Achieving Shared Growth --- Business environment --- Credit Line --- Emerging Markets --- Employment --- Expansion --- Finance and Financial Sector Development --- Financial institution --- Financial institutions --- Firm size --- Firms --- Human capital --- Industry --- Job creation --- Lenders --- Licensing --- Loan --- Medium Enterprises --- Medium Scale Enterprises --- Medium size enterprises --- Microfinance --- Poverty Reduction --- Private Sector Development --- Small firms --- Small Scale Enterprise --- SME --- SME sector --- Suppliers