Governance Compliance And Supervision In The Capital Markets Website

Author : Sarah Swammy,Michael McMaster
Publisher : John Wiley & Sons
Page : 176 pages
File Size : 53,7 Mb
Release : 2018-05-11
Category : Business & Economics
ISBN : 9781119380658

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Governance, Compliance and Supervision in the Capital Markets, + Website by Sarah Swammy,Michael McMaster Pdf

The definitive guide to capital markets regulatory compliance Governance, Compliance, and Supervision in the Capital Markets demystifies the regulatory environment, providing a practical, flexible roadmap for compliance. Banks and financial services firms are under heavy regulatory scrutiny, and must implement comprehensive controls to comply with new rules that are changing the way they conduct business. This book provides a way forward, with clear, actionable guidance that strengthens governance at all levels, and balances supervisory and compliance requirements with the need to do business. From regulatory schemes to individual roles and responsibilities, this invaluable guide details the most pressing issues in today's financial services organizations, and provides expert advice. The ancillary website provides additional tools and guidance, including checklists, required reading, and sample exercises that help strengthen understanding and ease real-world implementation. Providing both a broad overview of governance, compliance, and supervision, as well as detailed guidance on application, this book presents a solid framework for firms seeking a practical approach to meeting the new requirements. Understand the importance of governance and "Tone at the Top" Distinguish the roles of compliance and supervision within a financial services organization Delve into the regulatory scheme applicable to broker dealers, banks, and investment advisors Examine the risks and consequences of inadequate supervision at the organizational or individual level The capital markets regulatory environment is complex and ever-evolving, yet compliance is mandatory. A solid understanding of regulatory structure is critical, but must also be accompanied by a practical strategy for effective implementation. Governance, Compliance, and Supervision in the Capital Markets provides both, enabling today's banks and financial services firms to get back on track and get back to business.

Author : Sarah Swammy,Michael McMaster
Publisher : John Wiley & Sons
Page : 176 pages
File Size : 46,5 Mb
Release : 2018-04-20
Category : Business & Economics
ISBN : 9781119380641

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Governance, Compliance and Supervision in the Capital Markets, + Website by Sarah Swammy,Michael McMaster Pdf

The definitive guide to capital markets regulatory compliance Governance, Compliance, and Supervision in the Capital Markets demystifies the regulatory environment, providing a practical, flexible roadmap for compliance. Banks and financial services firms are under heavy regulatory scrutiny, and must implement comprehensive controls to comply with new rules that are changing the way they conduct business. This book provides a way forward, with clear, actionable guidance that strengthens governance at all levels, and balances supervisory and compliance requirements with the need to do business. From regulatory schemes to individual roles and responsibilities, this invaluable guide details the most pressing issues in today's financial services organizations, and provides expert advice. The ancillary website provides additional tools and guidance, including checklists, required reading, and sample exercises that help strengthen understanding and ease real-world implementation. Providing both a broad overview of governance, compliance, and supervision, as well as detailed guidance on application, this book presents a solid framework for firms seeking a practical approach to meeting the new requirements. Understand the importance of governance and "Tone at the Top" Distinguish the roles of compliance and supervision within a financial services organization Delve into the regulatory scheme applicable to broker dealers, banks, and investment advisors Examine the risks and consequences of inadequate supervision at the organizational or individual level The capital markets regulatory environment is complex and ever-evolving, yet compliance is mandatory. A solid understanding of regulatory structure is critical, but must also be accompanied by a practical strategy for effective implementation. Governance, Compliance, and Supervision in the Capital Markets provides both, enabling today's banks and financial services firms to get back on track and get back to business.

Author : Justin O'Brien
Publisher : Imperial College Press
Page : 424 pages
File Size : 51,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781860948497

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Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation by Justin O'Brien Pdf

Global capital markets are in a state of flux. Castigated in the past as OC Barbarians at the GateOCO, private equity providers are once again proclaiming the end of the public corporation. This important book addresses the implications of private equity for the governance of corporations, the capital markets in which they operate and the professionals who provide corporate advisory services. The book evaluates and ranks the precise nature of the risk posed by private equity by situating it within an overarching analysis of the dynamics of financial capitalism. Key issues addressed include: the management of conflicts of interest, fiduciary duties, the role of enforcement, the efficacy of adopting a rules- or principles-based system of regulation, the form and function of compliance, and a detailed examination of how to embed accountability into an integrity system for the financial markets. The book therefore has enormous benefit for industry, regulatory and academic communities alike. Sample Chapter(s). Introduction: The Dynamics of Capital Market Governance (157 KB). Chapter 1: The Conceptual Underpinnings of Australian Securities Regulation (116 KB). Contents: Introduction: The Dynamics of Capital Market Governance (J O''Brien); The Conceptual Underpinnings of Australian Securities Regulation (M Rodgers); Evolving OCyRules of the GameOCO in Corporate Governance Reform (J Hill); Overlapping Fields and Constructed Legalities: The Endogeneity of Law (L B Edelman); The Significance of Relative Autonomy in How Regulation of the Financial Services Sector Evolves (G Gilligan); ASIC v Citigroup: Investment Banks, Conflicts of Interest, and Chinese Walls (P F Hanrahan); Enforcement of Capital Markets Regulation: The United Kingdom and Its International Markets (I MacNeil); Why Auditors Don''t Find Fraud (N M Hodson); Compliance, Ethics and Responsibility: Emergent Governance Strategies in the US and UK (D McBarnet); Professional Norms (D Cocking); Sarbanes-Oxley and the Search for Accountable Corporate Governance (M J Dubnick); Charting an Icarian Flightpath: The Implications of the Qantas Deal Collapse (J O''Brien); Institutions, Integrity Systems and Market Actors (S Miller). Readership: Postgraduate law and business students; also suitable for general informed market (e.g. investment bankers, compliance professionals, providers of corporate advisory services including lawyers, tax advisors and auditors).

Author : John C. Burch,Bruce S. Foerster
Publisher : Wolters Kluwer
Page : 1458 pages
File Size : 52,7 Mb
Release : 2005-01-01
Category : Law
ISBN : 9780735550322

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Capital Markets Handbook by John C. Burch,Bruce S. Foerster Pdf

Capital Markets Handbook, Sixth Edition is the definitive desk reference for capital market professionals and a complete resource for anyone working in the financial markets field. Written by seasoned professionals in association with the SIA, Capital Markets Handbook covers the latest developments in major securities legislation, and all aspects of documentation, underwriting, pricing, distribution, settlement, immediate aftermarket trading of new issues, compliance issues, a glossary, a bibliography, and appendices containing the full text of the primary statutes and regulations. The Sixth Edition includes coverage of new developments, including compliance issues such as: New amendments to NASD Rule 2710 ("The Corporate Financing Rule") governing underwriting compensation Updates on PIPE and Registered Direct Transactions Amendments to Rule 10b-18 governing corporate repurchase of equity securities Online Dutch auction procedures in use for the Google, Inc. IPO United Kingdom Financial Service Authority guidance on conflict of interest regarding pricing and allocation issues which have been adopted by one major U.S. investment bank Amendments to Rule 105 Regulation M concerning short selling in connection with public offerings Currency conversion in settlement of a global offering NASD Rule 2790-Restriction on the Purchase and Sale of IPO equity securities NASD IPO Distribution Manager procedures for filing with NASD Corporate Financing Proposed NASD Rule 2712 concerning allocation and distribution of shares in an initial public offering A reorganized compliance chapter in a checklist format designed to ease and enhance CEO and CFO Compliance Certification required by a proposed amendment to NASD Rule 3010 (Supervision) and the adoption of Interpretive Material 3010-1 And more

Author : Justin O'Brien,George Gilligan
Publisher : Bloomsbury Publishing
Page : 511 pages
File Size : 50,7 Mb
Release : 2014-07-18
Category : Law
ISBN : 9781782253563

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Integrity, Risk and Accountability in Capital Markets by Justin O'Brien,George Gilligan Pdf

The global economy is yet to recover from the aftershocks of the Global Financial Crisis (GFC). In particular many national economies are struggling to adjust to austerity programs that are a direct result of the toxic effects of the crisis. Governments, regulatory agencies, international organisations, media commentators, finance industry organisations and professionals, academics and affected citizens have offered partial explanations for what has occurred. Some of these actors have sought to introduce legislative and other regulatory initiatives to improve operational standards in capital markets. However, the exposure post-GFC of the scandal surrounding the manipulation over many years of the London Interbank Offered Rate (LIBOR) highlighted that the most important obstacles to counter the destructive potential of our global finance system are normative not technical. Regulating the culture of the finance sector is one of the greatest challenges facing contemporary society. This edited volume brings together leading professionals, regulators and academics with knowledge of how cultural forces shape integrity, risk and accountability in capital markets. The book will be of benefit not only to industry, regulatory and academic communities whose focus is upon financial markets and professionals. It is of value to any person or organisation interested in how the cultural underpinnings of the finance sector shape how capital markets actually operate and are regulated. It is a stark lesson of history that financial crises will occur. As national economies become ever more inter-connected and inter-dependent under conditions of global financial capitalism, it becomes ever more important to know how cultural and other normative forces might be adjusted to militate against the effects of future disasters.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 169 pages
File Size : 55,6 Mb
Release : 2014-09-03
Category : Business & Economics
ISBN : 9781498375894

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Switzerland by International Monetary Fund. Monetary and Capital Markets Department Pdf

This Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking Supervision on Switzerland discusses that significant portions of guidance and legislation related to qualitative risk management and control standards are not as detailed or comprehensive as in many other major countries and need to be updated and selectively strengthened. Supervisory risk assessments and guidance to auditors, as the extended supervisory arm of the Swiss Financial Market Supervisory Authority (FINMA), need to be further materially improved, beyond what is now envisioned. Additional skilled resources within FINMA are necessary to meet these goals and to conduct more on-site supervisory work. The responsibilities and objectives of FINMA that emphasize protecting creditors, investors and insured persons, as well as ensuring proper functioning of the financial market, should be clearly stated in legislation as pre-eminent. It is recommended to increase FINMA resources, especially for on-site inspection and risk expertise. Clarify and limit the cases in which the Board can become involved in supervisory decisions and improve conflict code.

Author : Anonim
Publisher : Unknown
Page : 411 pages
File Size : 53,6 Mb
Release : 2007
Category : Capital market
ISBN : 1860948480

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Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation by Anonim Pdf

"The book evaluates and ranks the precise nature of the risk posed by private equity by situating it within an overarching analysis of the dynamics of financial capitalism. Key issues addressed include: the management of conflicts of interest, fiduciary duties, the role of enforcement, the efficacy of adopting a rules - or principles - based system of regulation, the form and function of compliance, and a detailed examination of how to embed accountability into an integrity system for the financial markets. The book therefore has enormous benefit for industry, regulatory and academic communities alike."--BOOK JACKET.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 244 pages
File Size : 49,7 Mb
Release : 2014-03-07
Category : Business & Economics
ISBN : 9781475523850

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Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper presents an assessment IMF report on implementation of the International Organization of Securities Commission (IOSCO) principles in Canada. It highlights that developing an integrated and robust view of risks to support supervisory actions remains a key challenge. The IMF report suggests that the securities regulators should continue to take steps to ensure timely decision making in policy formulation. However, the current governance arrangements, based on a consensus building approach across several entities, is expected to affect timeliness of decision making.

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Publisher : Unknown
Page : 152 pages
File Size : 44,6 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105062559716

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The Operations of Hedge Funds and Their Role in the Financial System by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises Pdf

Author : Theodor Baums,Richard M. Buxbaum,Klaus J. Hopt
Publisher : Walter de Gruyter
Page : 732 pages
File Size : 40,8 Mb
Release : 1994
Category : Business & Economics
ISBN : 3110136430

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Institutional Investors and Corporate Governance by Theodor Baums,Richard M. Buxbaum,Klaus J. Hopt Pdf

The volume contains 23 articles by international experts, both scholars and practioners dealing with the development of institutional investors (such as banks, insurances, investment companies, pension funds etc.), their investment and voting policies, the impact on managements of the companies concerned and related issues. The consequences of the international development on capital markets as well as policy implications for the respective national legislations are treated.

Author : Otto Loistl,Robert Petrag
Publisher : Springer
Page : 292 pages
File Size : 49,8 Mb
Release : 2016-01-12
Category : Business & Economics
ISBN : 9781403946058

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Asset Management Standards by Otto Loistl,Robert Petrag Pdf

Asset management standards are crucial for building trust between investors and capital market experts. The issue of corporate governance has been thrown into the spotlight by the disastrous collapse of Enron and the implications for the industry. The proposed standards are relevant for the entire fund industry, regulators, providers of pension plans and portfolio managers. Produced in association with the European Federation of Financial Analysts Societies, this book aims to provide a well-founded basis for development of the content of asset management standards in the UK, the US and the EU. It contains a detailed overview of the current position, outlines planned developments and discusses underlying problems.

Author : Donato Masciandaro,Marc Quintyn
Publisher : Edward Elgar Publishing
Page : 536 pages
File Size : 46,7 Mb
Release : 2007
Category : Banks and banking
ISBN : UCSD:31822034742411

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Designing Financial Supervision Institutions by Donato Masciandaro,Marc Quintyn Pdf

This book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions. For a long time the design of supervision had been an irrelevant issue, both in theory and practice. This perception changed dramatically in the mid-1990s, and over the past decade many countries have witnessed changes in the architecture of financial supervision. This book presents frameworks for analyzing the emerging supervisory architectures and sheds light on the different supervisory regimes, with a particular focus on the role of central banks. It takes a country-specific, comparative and empirical approach. Designing Financial Supervision Institutions will be an accessible reference tool for multidisciplinary scholars and academics (principally economics, but also politics and law), policymakers, regulators and supervisory institutions. All royalties from this book to go to the UK charity, NSPCC.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 50,6 Mb
Release : 2015
Category : Electronic
ISBN : OCLC:1120437335

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Capital Markets and Corporate Governance by Anonim Pdf

Author : Melanie L. Fein
Publisher : Wolters Kluwer
Page : 1662 pages
File Size : 41,8 Mb
Release : 2011-12-20
Category : Law
ISBN : 9781454801245

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Securities Activities of Banks by Melanie L. Fein Pdf

"The Fourth Edition of a leading resource in the field, this valuable practice tool brings you completely up-to-date on the evolving laws governing banks' securities activities - from regulatory changes in the financial markets and administrative reform to recent court decisions and legislative reform, including the recently enacted Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act. Here is everything you need to help build a bank's securities business while avoiding compliance pitfalls. Securities Activities of Banks, Fourth Edition provides: In-depth discussions of the securities activities now permissible for banks, bank holding companies, and financial holding companies, Clear explanations of how securities laws affect banks' securities activities, A complete review of how banks are regulated - including foreign banks and affiliates, Up-to-date analysis of the evolution of the banking laws through agency and court decisions. Detailed descriptions and analyses illuminate the full range of current bank securities activities, including investment and trading activities, brokerage activities, investment advice, underwriting, mutual funds, international securities activities, derivative instruments, deposits and loans, fiduciary activities, and more."--Publisher's website.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 195 pages
File Size : 51,5 Mb
Release : 2014-10-14
Category : Business & Economics
ISBN : 9781498330992

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Republic of Korea by International Monetary Fund. Monetary and Capital Markets Department Pdf

SUMMARY, KEY FINDINGS, AND RECOMMENDATIONS The Republic of Korea has a moderate level of compliance with the Basel Core Principles for Effective Banking Supervision (BCP). Building upon the 2003 FSAP recommendations, the authorities have taken resolute steps to strengthen the regulation and supervision of the banking sector. However, the assessment identified gaps that need to be addressed and although the Republic of Korea counts with a strong—albeit overly complex—regulatory framework and with thorough supervisory practices, a number of areas require attention so that the Republic of Korea can meet the highest standards of supervisory effectiveness. Those areas include: broader powers to apply minimum capital requirements to individual banks; full implementation of Pillar 2 and ICAAP; and a more comprehensive approach to conglomerates. The application of Basel II to Financial Holding Companies (FHCs) would complement the transition to group supervision which began through the introduction of the FHC Act. Despite the deficiencies identified in the assessment, the current supervisory structure has been reasonably effective and the overall vulnerability of the Korean banking system has diminished since the 2008 crisis with stronger capitalization across the sector. Supervision of the banks is structured around sound off-site supervision techniques and onsite inspections. Strengths lie in sophisticated offsite monitoring capabilities and an extensive onsite capability. The FSC-FSS collects and analyzes a broad suite of information including detailed financial and management information. The supervisory approach relies heavily on off-site monitoring and notifications of exceptions, which are supplemented by biannual full-scope on-site examinations. The existence of multiple points of responsibility, where subject matter experts are responsible for different areas of surveillance poses challenges of coordination and to derive an overall understanding risk to an institution. The Republic of Korea is one of the first countries to be assessed under the revised Basel Core Principles (BCP) issued by the Basel Committee in September 2012. Like other countries being assessed under the new methodology, the Republic of Korea has agreed to be assessed and rated not only on the essential criteria but also on the additional criteria. It is important to note that since last assessment, conducted in 2003, the bar of the standards has been raised twice by the BCBS (the BCP methodology was revised in 2006 and again in 2012). This assessment, consequently, is not comparable with the previous assessment and, as prescribed by its methodology, should not be compared or across countries. Within the revised BCP methodology, more is expected of supervision and regulation, and much of what was considered “desirable” is now considered essential, with the lessons of crisis and evolution of financial markets and international standards. The assessment also brings a new relevance to observed implementation and practices.