The Dark Side of the Lending Spree

正Supervision is badly needed to regulate China's burgeoning P2P lending industry from excessive exposure to risks By Zhou XiaoyanIn China,there are many cash-hungry small and micro businesses whose needs for financial services are often ignored by big banks.On the flip side,the country,whose people have a tradition of saving,is also full of savvy investors who are in dire need of an outlet for their spare cash.     

刑罚与赔偿互易之博弈论衡

刑罚与赔偿互易是指民事责任与刑事责任的相互转化,其本质是国家、被害人与罪犯的博弈：犯罪人在满足被害人求偿愿望的同时,获得从宽处罚的机会,国家也因此节约了行刑资源。要使得这种博弈实现利益最大化,应当明确这场博弈中的利害关系主体,并明确这些主体的利益需求,将其设计成类似于合同订立的＂要约与承诺＂模式。     

外汇按金交易中介行为入罪化研究——以非法经营罪为视角

外汇按金交易违反的规定不属于非法经营罪中违反国家规定的范围,且其中的中介行为不属于非法经营行为,而只是一种帮助行为。这种帮助行为依据刑法规定和共犯从属性认定其是犯罪存在阻碍,其本身属性及刑法谦抑性决定了刑法对外汇按金交易中介行为介入没有必要。     

非法经营黄金期货若干问题探讨——对上海松江“4·18”系列非法经营黄金期货案的思考

非法经营黄金期货也被称作地下炒金,近年来发案率居高不下,司法机关在办理这类案件时也不断面临新的问题和挑战。司法机关可以在没有行政机关行政违法确认函的情况下,根据具体法律和事实,对交易是否是期货性质进行司法认定;也可以在没有书面或电子标准化合约的条件下,通过对整个交易过程的分析,可以得出其是否采用标准化合约的实质性判断。将已经查明的投资人实际投入的保证金数额乘以手数,作为非法经营的犯罪数额,是相对恰当的。     

The Not So Good,the Bad and the Ugly: Over Twelve Years of PPP in Ireland

Public–private partnerships have been adopted extensively in Ireland for over 12 years. This article analyses the practice of PPP procurement at the level of local government. It adopts economic and governance perspectives on PPP which highlight challenges with procurement under PPP such as complexity, uncertainty, hold-up, transparency and accountability. These perspectives provide a basis for an analysis of three cases of PPP procurement. Two cases from the water services sector illuminate problems arising from the complexity of value for money assessment at the ex ante contracting stage. These cases were also characterised by governance problems stemming from central government's role as policy advocate and steward of public funds. The case of PPP to deliver social housing also demonstrated the challenges of procurement under conditions of economic uncertainty and difficulties with achieving appropriate levels of risk transfer. All three cases demonstrate the value of stakeholder consultation in terms of meeting the governance challenges faced when adopting PPP.