Document Type : Article
Authors
1 Associate Prof., Department of Private Law, Faculty of Law and Political Science, University of Tehran, Tehran, Iran
2 . A. in International Trade Economic Law, Faculty of Law and Political Science, University of Tehran, Tehran, Iran
Abstract
With the acceptance of private banks as issuers of securities in the stock market, the capital and money markets have interacted through listed banks. In public law, we aim to maintain social order and stability; thus, examining the banking system's emphasis on preserving systemic stability versus the capital market's focus on transparency and protecting shareholders' rights is of great importance. In this research, banks are considered a distinct entity, as they have a direct relationship with the formation of trust in society.
It seems more appropriate for the regulatory authority to expect full transparency from banks according to regulations, but to be more cautious regarding the public disclosure of information that could undermine public trust and put systemic stability at risk. Additionally, similar to the European Union, which accepts delays in the disclosure of banking information in its market abuse regulations, we can establish regulations in this area. In practice, this tension has also existed in the Iranian capital market in recent years, and we have witnessed complaints against the managers of such banks who faced penalties due to the failure to disclose information in a timely manner.
Keywords
- systemic stability
- shareholders’ rights
- transparency
- conflict between capital market and money market regulations
- conflict between shareholders’ rights and depositors’ rights
- mandatory disclosure of information.
Main Subjects
English
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D)Websites
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Thesis
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