Author: Edward J. Kane
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
This paper studies competition among alternative regulatory bodies for authority over innovative financial contracts. In the United States, this rivalry embraces not only the Commodity Futures Trading Commission and the Securities and Exchange Commission, but state and federal deposit-institution regulators and various private regulatory cooperatives. From a political perspective, multipleregulators develop as a way of formally providing ongoing protection for the interests of diverse political constituencies. But from an economic perspective,competition resulting from overlaps in regulatory responsibility establishes an evolutionary mechanism for adapting regulatory structures to technological and regulation-induced innovation. Using both perspectives, this paper explains how interaction between governmental regulatory agencies and self-regulatory cooperatives produces more-efficient regulatory structures over time.The study also seeks to catalog the particular costs and benefits that may be associated with the regulatory tools used to control futures and securities markets(e.g., broker and trader registration, disclosure requirements, margin requirements,and contract-approval processes) and with changes in the distribution of jurisdiction over these tools. The analysis seeks to clarify the tradeoff between the perceived probability of various problems of market performance (e.g., contract nonperformance, widespread financial instability, and activities such as price manipulation by which corrupt or sophisticated operators separate naive investors from their wealth) and the implicit and explicit cost of reducing this probability.
Author: Edward J. Kane
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 48
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 128
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Book Description
Author: Franklin R. Edwards
Publisher: Springer Science & Business Media
ISBN: 9400921934
Category : Business & Economics
Languages : en
Pages : 201
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Book Description
Author: Philip McBride Johnson
Publisher: Wolters Kluwer
ISBN: 0735533369
Category : Business & Economics
Languages : en
Pages : 663
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Book Description
For over a quarter century, Commodities Regulation has been recognized as the resource covering the derivatives marketplace. Today, Derivatives Regulation builds on that expertise, delivering the coverage professionals and practitioners need in order to stay current with this changing topic. Derivatives Regulation comprehensively covers the Commodity Exchange Act along with all other relevant aspects of the regulation of securities that have an impact on the derivatives markets. Derivatives Regulation is completely updated to cover the full range of emerging regulatory, reporting, and legal issues surrounding derivatives and related instruments, including: Distinguishing between regulated and unregulated derivatives�and knowing which rules to apply The significant roles of the SEC and the federal laws in regulating derivatives Meeting standards for exemption or other relief The workings of the derivatives markets and the rules applicable to trading Registration, reporting, and disclosure requirements applicable to commodities professionals Criteria for publicly traded futures and commodity options Rules governing unprofessional conduct, including the antifraud and anti-manipulation prohibitions Customer protections, the CFTC�s reparations program, arbitration programs, and private rights of action in the courts
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 230
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Book Description
In this report, Treasury presents a series of "short-term" and "intermediate-term" recommendations that could immediately improve and reform the U.S. regulatory structure. The short-term recommendations focus on taking action now to improve regulatory coordination and oversight in the wake of recent events in the credit and mortgage markets. The intermediate recommendations focus on eliminating some of the duplication of the U.S. regulatory system, but more importantly try to modernize the regulatory structure applicable to certain sectors in the financial services industry (banking, insurance, securities, and futures) within the current framework.
Author:
Publisher: United States Department of the Treasury
ISBN:
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
Presents a series of “short-term” and “intermediate-term” recommendations that could immediately improve and reform the U.S. regulatory structure. The short-term recommendations focus on taking action now to improve regulatory coordination and oversight in the wake of recent events in the credit and mortgage markets. The intermediate recommendations focus on eliminating some of the duplication of the U.S. regulatory system, but more importantly try to modernize the regulatory structure applicable to the banking, insurance, securities, and futures industries.
Author: The Institute for Financial Markets
Publisher:
ISBN: 9780692141441
Category :
Languages : en
Pages : 114
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Book Description
Updated in 2018, ext covers the U.S. regulatory structure for the futures, options and swaps market. The text includes comprehensive discussions of the Commodity Exchange Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, and relevant National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) rules.
Author: I. Goodspeed
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 214
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Book Description
Author: Franklin R. Edwards
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 60
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Book Description
