Financial Regulation Reform
Today, in the context of the current financial crisis, in a post-Enron, postWorldcom, post-Madoff world, the trust in financial markets has been severely damaged.
Before and After
US had fiv
Basel I & 2
Consider regulatory issues related to activities of international banks in member countries
Belgium Canada France Germany Italy Japan Netherlands Sweden UK US Luxembourg Switzerland
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The term is absent from federal securities laws. As much as fourteen different definitions have been identified in government and industry publications. A hedge fund can be thought of as a catchall provision designating:
any privately organi
Firms participating in securities business
Broker is any person engaged in the business of effecting transactions in securities for the account of others Dealer is any person engaged in the business of buying and selling securities for
What is a bank?
Financial intermediation Key feature: accept deposits from public Banks role in money creation: expanding supply of money through deposits and loan transactions Role in payment system: checks, checking accounts