Download or read book Sec s Oversight of Bear Stearns and Related Entities the Consolidated Supervised Entity Program written by CreateSpace Independent Publishing Platform and published by Createspace Independent Publishing Platform. This book was released on 2018-07-09 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEC's oversight of Bear Stearns and related entities. The Consolidated Supervised Entity Program.
Download or read book Sec s Oversight of Bear Stearns and Related Entities Broker Dealer Risk Assessment Program written by CreateSpace Independent Publishing Platform and published by Createspace Independent Publishing Platform. This book was released on 2018-07-09 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: SEC's oversight of Bear Stearns and related entities. Broker-Dealer Risk Assessment Program.
Download or read book Lehman Brothers Examiner s Report written by Mary L. Schapiro and published by DIANE Publishing. This book was released on 2010-11 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Schapiro became Chairman of the SEC in Jan. 2009, the agency and financial markets were still reeling from the events of the fall of 2008. Since that time, the SEC has worked to review its policies, improve its operations and address the legal and regulatory gaps that came to light during the crisis. The Lehman failure sheds light on many interconnected and mutually reinforcing causes that contributed to the failure of many major financial institutions, both bank and non-bank. This testimony describes the SEC structure for the supervision of invest. banks and their holding co., the failure of Lehman, the lessons learned from the Consolidated Supervised Entity program, and the legislative and regulatory initiatives that are necessary.
Download or read book Regulation of Securities Markets and Transactions written by Patrick S. Collins and published by John Wiley & Sons. This book was released on 2011-01-14 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate guide to the current rules and regulations that govern the securities industry?including amendments in 2010 Providing readers with expert coverage of domestic securities regulation, this book fills the need for coverage of securities regulations, defining, describing, and explaining everything professionals need to know about domestic securities regulation. Examines the current securities rules Provides an overview of the latest regulations for this industry Includes a description of the various government regulations of securities markets, and securities transactions Since the corporate scandals of 2002, this industry has seen intense scrutiny of how it is regulated. Regulation of Securities, Markets, and Transactions demystifies the new laws and regulations with straightforward, to-the-point coverage professionals need.
Download or read book SEC s Oversight of Bear Sterns and Related Entities written by H. David Kotz and published by DIANE Publishing. This book was released on 2010-03 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Details the results of the SEC audit on the Div. of Trading and Market's (TM) Broker-Dealer Risk Assessment program. The purpose of this program is for staff in the TM to assess the risks to registered broker-dealers that may stem from affiliated entities, including holding co. TM tracks the filing status of the 146 broker-dealers that file 17(h) documents with the SEC, but only reviews in detail the filings from six prominent firms because they have a significant number of customer accounts and they are deemed to be material firms. This audit evaluated the SEC¿s CSE program, emphasizing the SEC¿s oversight of Bear Stearns and determined whether improvements are needed in the SEC¿s monitoring of CSE firms and its admin. of the CSE program. Illus.
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book Modernizing America s Financial Regulatory Structure S Hrg 111 8 January 14 2009 111 1 Hearing written by and published by . This book was released on 2009 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Regulation of Megabanks written by Katarzyna Parchimowicz and published by Taylor & Francis. This book was released on 2022-11-22 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global systemically important banks (G-SIBs) are the largest, most complex and, in the event of their potential failure, most threatening banking institutions in the world. The Global Financial Crisis (GFC) was a turning point for G-SIBs, many of which contributed to the outbreak and severity of this downturn. The unfolding of the GFC also revealed flaws and omissions in the legal framework applying to financial entities. In the context of G-SIBs, it clearly demonstrated that the legal regimes, both in the USA and in the EU, grossly ignored the specific character of these institutions and their systemic importance, complexity, and individualism. As a result of this omission, these megabanks were long treated like any other smaller banking institutions. Since the GFC, legal systems have changed a lot on both sides of the Atlantic, and global and national lawmakers have adopted new rules applying specifically to G-SIBs to reduce their threat to financial stability. This book explores whether the G-SIB-specific regulatory frameworks are adequately tailored to their individualism in order to prevent them from exploiting overly general rules, as they did during the GFC. Analyzing the specific character and individualism of G-SIBs, in relation to their history, normal functioning, as well as their operations during the GFC, this book discusses transformation of banking systems and the challenges and opportunities G-SIBs face, such as Big Tech competitors, climate-related requirements, and the COVID-19 pandemic. Taking a multidisciplinary approach which combines financial aspects of operations of G- SIBs and legal analysis, the book describes G-SIB-oriented legal frameworks of the EU and the USA and assesses whether G-SIB individualism is adequately reflected, analyzing trends in supervisory action when it comes to discretion in the G-SIB context, all in order to contribute to the ongoing discussions about international banking law, its problems, and potential remedies to such persistent flaws.
Download or read book The Financial Crisis Inquiry Report Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States Revised Corrected Copy written by Phil Angelides and published by Government Printing Office. This book was released on 2011-04-18 with total page 1043 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the most significant financial crisis since the Great Depression, the President signed into law on May 20, 2009, the Fraud Enforcement and Recovery Act of 2009, creating the Financial Crisis Inquiry Commission. The Commission was established to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." The 10 members of the bi-partisan Commission, prominent private citizens with significant experience in banking, market regulation, taxation, finance, economics, housing, and consumer protection, were appointed by Congress on July 15, 2009. The Chair, Phil Angelides, and Vice Chair, Bill Thomas, were selected jointly by the House and Senate Majority and Minority Leadership.The FCIC is charged with conducting a comprehensive examination of 22 specific and substantive areas of inquiry related to the financial crisis. Some of these areas include: fraud and abuse in the financial sector, including fraud and abuse towards consumers in the mortgage sector; Federal and State financial regulators, including the extent to which they enforced, or failed to enforce statutory, regulatory, or supervisory requirements; the global imbalance of savings, international capital flows, and fiscal imbalances of various governments; monetary policy and the availability and terms of credit; accounting practices, including, mark-to-market and fair value rules, and treatment of off-balance sheet vehicles; tax treatment of financial products and investments; credit rating agencies in the financial system, including, reliance on credit ratings by financial institutions and Federal financial regulators, the use of credit ratings in financial regulation, and the use of credit ratings in the securitization markets; lending practices and securitization, including the originate-to-distribute model for extending credit and transferring risk; and more The Commission is called upon to examine the causes of major financial institutions which failed, or were likely to have failed, had they not received exceptional government assistance.In its work, the Commission is authorized to hold hearings; issue subpoenas either for witness testimony or documents; and refer to the Attorney General or the appropriate state Attorney General any person who may have violated U.S. law in relation to the financial crisis.
Download or read book The Financial Crisis Inquiry Report Authorized Edition written by Financial Crisis Inquiry Commission and published by PublicAffairs. This book was released on 2011-01-27 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive report on what caused America's economic meltdown and who was responsibleThe financial and economic crisis has touched the lives of millions of Americans who have lost their jobs and their homes, but many have little understanding of how it happened. Now, in this very accessible report, readers can get the facts. Formed in May 2009, the Financial Crisis Inquiry Commission (FCIC) is a panel of 10 commissioners with experience in business, regulations, economics, and housing, chosen by Congress to explain what happened and why it happened. This panel has had subpoena power that enabled them to interview people and examine documents that no reporter had access to. The FCIC has reviewed millions of pages of documents, and interviewed more than 600 leaders, experts, and participants in the financial markets and government regulatory agencies, as well as individuals and businesses affected by the crisis. In the tradition of The 9/11 Commission Report, "The Financial Crisis Inquiry Report" will be a comprehensive book for the lay reader, complete with a glossary, charts, and easy-to-read diagrams, and a timeline that includes important events. It will be read by policy makers, corporate executives, regulators, government agencies, and the American people.
Download or read book Financial Crisis Inquiry Report written by Phil Angelides and published by DIANE Publishing. This book was released on 2011-03 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Commission was created to "examine the causes of the current financial and economic crisis in the U.S." In this report, the Commission presents the results of its examination and its conclusions as to the causes of the crisis. More than two years after the worst of the financial crisis, our economy continues to experience the aftershocks. Millions of Americans have lost their jobs and their homes, and the economy is still struggling to rebound. This report is intended to provide a historical accounting of what brought our financial system and economy to a precipice and to help policy makers and the public better understand how this calamity came to be. Charts and tables. This is a print on demand report.
Download or read book Guardians of Finance written by James R. Barth and published by MIT Press. This book was released on 2014-08-29 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the unaccountable, unmonitorable, and unchecked actions of regulators precipitated the global financial crisis; and how to reform the system. The recent financial crisis was an accident, a “perfect storm” fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financial system and yet chose not to act until the crisis had fully emerged. Barth, Caprio, and Levine propose a reform to counter this systemic failure: the establishment of a “Sentinel” to provide an informed, expert, and independent assessment of financial regulation. Its sole power would be to demand information and to evaluate it from the perspective of the public—rather than that of the financial industry, the regulators, or politicians.
Download or read book Financial Regulation and Compliance written by H. David Kotz and published by John Wiley & Sons. This book was released on 2015-07-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Devise an organized, proactive approach to financialcompliance Financial Regulation and Compliance provides detailed,step-by-step guidance for the compliance professional seeking tomanage overlapping and new regulatory responsibilities. Written byDavid Kotz, former Inspector General of the SEC with additionalguidance provided by leading experts, this book is a one-stopresource for navigating the numerous regulations that have beenenacted in response to the financial crisis. You'll learn how bestto defend your organization from SEC, CFTC, FINRA, and NFAEnforcement actions, how to prepare for SEC, FINRA, and NFAregulatory examinations, how to manage the increasing volume ofwhistleblower complaints, how to efficiently and effectivelyinvestigate these complaints, and more. Detailed discussion of theregulatory process explains how aggressive you should be inconfronting federal agencies and self-regulatory organizations anddescribes how commenting on issues that affect your business areacan be productive or not. The companion website includes a glossaryof terms, regulations and government guidance, relevant case law,research databases, and FAQs about various topics, giving you acomplete solution for keeping abreast of evolving complianceissues. These days, compliance professionals are faced with a myriad ofoften overlapping regulatory challenges. Increased aggressivenesson the part of regulators has led to increased demand on financialfirms, but this book provides clear insight into navigating thechanges and building a more robust compliance function. Strengthen internal compliance and governance programs Manage whistleblower programs and conduct effectiveinvestigations Understand how to minimize exposure and liability fromEnforcement actions Learn how to prepare for the different types of regulatoryexaminations Minimize exposure from FCPA violations Understand the pros and cons of commenting on regulations The volume and pace of regulatory change is causing new anddiverse pressures on compliance professionals. Navigate the choppywaters successfully with the insider guidance in FinancialRegulation and Compliance.
Download or read book Congressional Oversight Panel Special Report on Regulatory Reform written by United States. Congressional Oversight Panel and published by . This book was released on 2009 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Principles of Financial Regulation written by John Armour and published by Oxford University Press. This book was released on 2016-08-04 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis of 2007-9 revealed serious failings in the regulation of financial institutions and markets, and prompted a fundamental reconsideration of the design of financial regulation. As the financial system has become ever-more complex and interconnected, the pace of evolution continues to accelerate. It is now clear that regulation must focus on the financial system as a whole, but this poses significant challenges for regulators. Principles of Financial Regulation describes how to address those challenges. Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of regulation by drawing on economics, finance, and law methodologies. The volume examines regulation in a purposive and dynamic way by framing the book in terms of what the financial system does, rather than what financial regulation is. By analysing specific regulatory measures, the book provides readers to the opportunity to assess regulatory choices on specific policy issues and encourages critical reflection on the design of regulation.
Download or read book Modernizing America s Financial Regulatory Structure written by United States. Congressional Oversight Panel and published by . This book was released on 2009 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Engineering a Financial Bloodbath written by Justin O'Brien and published by World Scientific. This book was released on 2009-07-13 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In July 2007, the then chief executive of Citigroup, Charles Prince, captured the hubris of a market dangerously addicted to debt: “When the music stops, in terms of liquidity, things will be complicated. But as long as music is playing, you have got to get up and dance. We're still dancing.” By the end of the year, Mr Prince was forced to resign along with some of the most influential bankers on Wall Street. Global investment houses in the United States and Europe were forced to turn to sovereign wealth funds for emergency funding. Their rescue comes at a significant material and reputational price. This book investigates the origins and implications of the securitization crisis, described by the chief executive of ANZ as a “financial services bloodbath”. Based on extensive interviews, it offers an integrated series of case studies drawn from the United States, the United Kingdom and Australia. A central purpose is to not only chart what went wrong within the investment houses and why the regulatory systems failed, but also provide policy guidance. The book therefore combines the empirical with the normative. In so doing, it provides a route map to navigate one of the most significant financial and regulatory failures in modern times. Contents:A Capital BattleThe Price of FailureApportioning BlameThe Moral Hazard of InterventionThe New MercantilismEnhancing Integrity Through Design Readership: General informed public, particularly readers of business publications such as the Financial Times, Wall Street Journal or Australian Financial Review; academics in political economy, governance and law; policymakers involved in the regulation of financial markets. Keywords:Sub-Prime;Securitization;Sovereign Wealth Funds;Banking Crisis;Financial Globalization;Banking RegulationKey Features:Provides a timely examination of the securitization crisis and how the modeling systems designed to diversify risk could in fact enhance it by spreading the contagion across global marketsPresents insights based on case studies and interviews conducted with leading academics and professionals in the financial, legal and regulatory communitiesWritten in an accessible manner with immediate relevance for a wide readershipReviews:“Justin O'Brien's new book is a sober examination of the global financial crisis and the perils of inadequate regulation … His thesis is a strong one: ethical failure was the primary cause of the financial meltdown … O'Brien is at his best when he allows his journalistic self to shine, particularly in his brief but excoriating coverage of the Irish banking fiasco. Ireland resembled a ‘crooked casino’ characterised by ‘staggering regulatory, corporate and political incompetence’.”The Irish Times
