Comparing European And U S Securities Regulations

Author: Tanja Boskovic
Publisher: World Bank Publications
ISBN: 9780821382547
Size: 33.55 MB
Format: PDF, ePub, Mobi
View: 1408
Download
This paper, aimed at professionals, scholars, and government officials in the field of securities regulations, compares the European (specifically the Market in Financial Instruments Directive MiFID) and U.S. securities regulations. The analysis focuses on the regulatory and supervisory framework, trading venues, and the provision of investment services. We show that although there may be regional differences in the structure and rules of current securities regulation, the objectives and some outcomes of regulation are comparable. Similarly, as the current global financial and economic crisis exposed gaps in securities regulations worldwide, regulators in both regions face similar challenges. This study will be particularly useful for World Bank member countries that are looking at either the European or U.S. regulations when conducting market reforms.

Stock Market Integration

Author: E. Dorodnykh
Publisher: Springer
ISBN: 1137381701
Size: 16.53 MB
Format: PDF, ePub, Mobi
View: 3162
Download
This book provides an original approach to the determinants of stock exchange integration. With case studies of successful integration projects in Europe, North America, Latin America as well as intercontinental cross-border mergers, it provides a complete analysis of all existing integration projects between stock exchange markets.

New Technology Organizational Change And Governance

Author: E. Avril
Publisher: Springer
ISBN: 1137264233
Size: 19.65 MB
Format: PDF, ePub, Docs
View: 967
Download
Globalization and the technological revolution have forced organizations to rethink decision-making structures favouring the adoption of highly innovative practices. This book analyzes the impact of new technologies testing empowerment, engagement and democratization against the new organizational morphology of political parties and corporations.

The Oxford Handbook Of Financial Regulation

Author: Niamh Moloney
Publisher: OUP Oxford
ISBN: 0191510874
Size: 46.69 MB
Format: PDF, Kindle
View: 1126
Download
The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major developments in the nature and intensity of financial markets, as well as repeated cycles of regulatory reform and development, often linked to crisis conditions. The recent financial crisis has led to unparalleled interest in financial regulation from policymakers, economists, legal practitioners, and the academic community, and has prompted large-scale regulatory reform. The Oxford Handbook of Financial Regulation is the first comprehensive, authoritative, and state-of-the-art account of the nature of financial regulation. Written by an international team of leading scholars in the field, it takes a contextual and comparative approach to examine scholarly, policy, and regulatory developments in the past three decades. The first three Parts of the Handbook address the underpinning horizontal themes which arise in financial regulation: financial systems and regulation; the organization of financial system regulation, including regional examples from the EU and the US; and the delivery of outcomes and regulatory techniques. The final three Parts address the major reoccurring objectives of financial regulation, widely regarded as the anchors of financial regulation internationally: financial stability; market efficiency, integrity, and transparency; and consumer protection. The Oxford Handbook of Financial Regulation will be an invaluable resource for scholars and students of financial regulation, and for economists, policy-makers and regulators.

Regulatory Assessment Toolkit

Author: Martín Molinuevo
Publisher: World Bank Publications
ISBN: 1464800588
Size: 64.92 MB
Format: PDF, Docs
View: 705
Download
This toolkit is to offer a practical methodology to government officials and staff from development organizations on how to identify and assess laws and regulations that affect international trade and investment in the services sector.

Financial Sector Development In Africa

Author: Thorsten Beck
Publisher: World Bank Publications
ISBN: 0821396293
Size: 66.59 MB
Format: PDF, ePub
View: 2758
Download
This edited volume contains eight studies of financial sector challenges in Africa. They discuss expanding access, lengthening contracts, safeguarding finance and implementing financial sector reform in politically difficult environment.

Emerging Capital Markets And Globalization

Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 9780821365441
Size: 30.50 MB
Format: PDF, Docs
View: 5231
Download
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

Reaping Digital Dividends

Author: Tim Kelly
Publisher: World Bank Publications
ISBN: 1464810273
Size: 64.60 MB
Format: PDF, Docs
View: 3882
Download
From East to West, the economies of Europe and Central Asia (ECA) are not taking full advantage of the internet to foster economic growth and job creation. The residents of Central Asia and the South Caucasus pay some of the highest prices in the world for internet connections that are slow and unreliable. In contrast, Europe enjoys some of the world’s fastest and affordable internet services. However, its firms and individuals are not fully exploiting the internet to achieve higher productivity growth as well as more and better jobs. Reaping Digital Dividends investigates the barriers that are holding back the broader adoption of the internet in ECA. The report identifies the main bottlenecks and provides policy recommendations tailored to economies at varying levels of digital development. It concludes that policies to increase internet access are necessary but not sufficient. Policies to foster competition, international trade and skills supply, as well as adapting regulations to the changing business environment and labor markets, will also be necessary. In other words, Reaping Digital Dividends not only requires better connectivity, but also complementary factors that allow governments, firms and individuals to make the most out of it.

The Development And Regulation Of Non Bank Financial Institutions

Author: Jeffrey Carmichael
Publisher: World Bank Publications
ISBN: 9780821348390
Size: 28.45 MB
Format: PDF, Mobi
View: 4958
Download
This book aims to create an awareness of the potential of non-bank financial institutions (NBFIs) for developing countries, and to assist policy makers in the creation of coherent policy structures and effective regulatory systems for the development of these institutions. It considers the essential functions and characteristics of non-bank financial institutions and includes chapters on insurance companies, mutual funds and pension schemes, securities markets, and leasing and real estate companies.

Africa S Water And Sanitation Infrastructure

Author:
Publisher: World Bank Publications
ISBN: 0821386182
Size: 11.15 MB
Format: PDF, ePub
View: 6464
Download
Africa's Water and Sanitation InfrastructureùAccess, Affordability, and Alternatives integrates a wealth of primary and secondary information to present a quantitative snapshot of the state of the WSS sectors in Africa. It explains the sectoral institutional structures and utility performance and articulates the volume and quality of financing available over time. The authors also evaluate the challenges to the WSS sectors and explore the factors that govern the expansion of coverage over time. Finally, the authors estimate spending needs for WSS, arriving at a funding gap for meeting the MDGs. The proposed directions for the future draw on lessons learned from best practices and present the menu of choices available to African countries, bearing in mind that the challenges differ to a significant extent among countries and solutions must be tailored to national or regional conditions. --Book Jacket.