Sofia Conference

26 August 2012

Introduction

Since the biennial Conference of the ILA held in The Hague in 2010, the Committee (generally known by its acronym, MOCOMILA) has held four meetings: in Basseterre, St. Kitts (12-13 November 2010), New York, NY, USA (29-30 April 2011), Rome, Italy (22-23 September 2011), and Riyadh, Saudi Arabia (7-8 January 2012).

The subjects of the foregoing meetings and other topics discussed by the Committee are reflected in the following sections of this report.

I. Resolution of Financial Institutions - Recent Developments (by Dr E Hüpkes)

II. Sovereign Debt (by Mr L Buchheit and Professor R Lastra)

III. An Update on Regulatory Issues (by Dr K P Follak)

IV. European Banking Regulation (by Professor C Gortsos)

V. Special Drawing Rights - Recent Developments (by Mr S Hagan and Dr Li Bo)

VI. Extraterritorial Impact in Relation to Iran (by Professor T Kubota)

VII. Attachment and Turnover of Accounts in Foreign Bank Branches (by Dr G Affaki)

This report reflects the views of the individual members and not necessarily those of any institutions with which they are affiliated.

Working session, 29 August 2012 (PDF, 659 KB)