Proposed Amendment Of The Articles Of Agreement Regarding Basic Votes Preliminary Considerations
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Author | : International Monetary Fund. Legal Dept. |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 16 |
Release | : 2006-12-22 |
Genre | : Business & Economics |
ISBN | : 9781498331937 |
Paragraph 4 of the Board of Governors Resolution on Quota and Voice Reform in the International Monetary Fund, which was adopted effective September 18, 2006 (Resolution 61-5), addresses issues relating to the reform of basic votes in the Fund. Specifically, it provides as follows: “As an integral part of the reform program, and together with its recommendations for increases in quotas under paragraph 3, the Executive Board is requested to propose to the Board of Governors an amendment of the Fund’s Articles of Agreement that would: (a) provide for at least a doubling of the “basic” votes that each member possesses pursuant to Article XII, Section 5(a) of the Fund’s Articles of Agreement, and thereby at a minimum protect the existing voting share of low income countries as a group and (b) ensure that the ratio of the sum of the “basic” votes of all members to the sum of members’ total voting power remains constant following the increase under (a) above in the event of any subsequent changes in the total voting power of members. The Executive Board is requested to put forward a specific proposal by the Annual Meetings in 2007, and no later than the Annual Meetings in 2008.” This paper is intended as a first step in facilitating the Executive Board’s response to the above request of the Board of Governors. Specifically, it discusses the design of an amendment of the Articles that would ensure that the ratio of the sum of the basic votes of all members to the sum of members’ total voting power remains constant, as called for in paragraph 4(b) of Resolution 61-5, and identifies implications of such an amendment.
Author | : International Monetary Fund. Treasurer's Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2002-01-22 |
Genre | : Business & Economics |
ISBN | : 1498328881 |
Author | : International Monetary Fund. Legal Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 590 |
Release | : 2013-02-08 |
Genre | : Business & Economics |
ISBN | : 1616350814 |
“Restoring Financial Stability-The Legal Response” is the theme of the sixth volume of “Current Developments in Monetary and Financial Law.” The book covers a range of issues: frameworks and regulatory reforms in the United States, European Union, and Japan that address systemic risk; the international dimension of financial stability; the regulation of complex financial products; cross-border banking supervision; capital adequacy; and corporate and household debt restructuring. The chapters are based on presentations from a seminar hosted by the IMF Legal Department, the Ministry of Finance of Japan, the Financial Services Agency of Japan, and the Bank of Japan, with the assistance of the IMF Institute. The contributors to the volume come from both the public and private sectors, and include academics, lawyers practicing in the fields of banking and financial law, and officials from central banks, supervisory and regulatory agencies, and standard-setting bodies.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 15 |
Release | : 2007-12-14 |
Genre | : Business & Economics |
ISBN | : 1498333079 |
This interim work program statement reflects the imperative of accelerating the process of reform that has been underway in the Fund for some time.
Author | : Christoph Herrmann |
Publisher | : Springer Science & Business Media |
Total Pages | : 721 |
Release | : 2011-12-21 |
Genre | : Law |
ISBN | : 3642233082 |
The third volume of the European Yearbook of International Economic law focuses on two major topics of current academic and political interest. Firstly, it adresses the 10th anniversary of China's accession to the WTO and its implications; secondly, it deals with different legal aspects of global energy markets.
Author | : Gerd Droesse |
Publisher | : |
Total Pages | : 598 |
Release | : 2011 |
Genre | : Banks and banking, International |
ISBN | : |
Author | : American Bar Association. House of Delegates |
Publisher | : American Bar Association |
Total Pages | : 216 |
Release | : 2007 |
Genre | : Law |
ISBN | : 9781590318737 |
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author | : Kevin J. Coleman |
Publisher | : CreateSpace |
Total Pages | : 32 |
Release | : 2015-01-02 |
Genre | : Election law |
ISBN | : 9781505554328 |
The Voting Rights Act (VRA) was successfully challenged in a June 2013 case decided by the U.S. Supreme Court in Shelby County, Alabama v. Holder. The suit challenged the constitutionality of Sections 4 and 5 of the VRA, under which certain jurisdictions with a history of racial discrimination in voting-mostly in the South-were required to "pre-clear" changes to the election process with the Justice Department (the U.S. Attorney General) or the U.S. District Court for the District of Columbia. The preclearance provision (Section 5) was based on a formula (Section 4) that considered voting practices and patterns in 1964, 1968, or 1972. At issue in Shelby County was whether Congress exceeded its constitutional authority when it reauthorized the VRA in 2006-with the existing formula-thereby infringing on the rights of the states. In its ruling, the Court struck down Section 4 as outdated and not "grounded in current conditions." As a consequence, Section 5 is intact, but inoperable, unless or until Congress prescribes a new Section 4 formula.
Author | : United States. National Labor Relations Board. Office of the General Counsel |
Publisher | : U.S. Government Printing Office |
Total Pages | : 68 |
Release | : 1997 |
Genre | : Law |
ISBN | : |
Author | : International Monetary Fund. Finance Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 2004-08-27 |
Genre | : Business & Economics |
ISBN | : 1498330134 |