Free Trial

Safari Books Online is a digital library providing on-demand subscription access to thousands of learning resources.


  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 8: How Investment Firms are Regulated > 8.3 The Global Perspective

8.3 THE GLOBAL PERSPECTIVE

Virtually every country that has functioning financial markets has appointed regulators. There may be a single regulator (the UK model) or several regulators. For example, in the United States some banks are regulated by the Comptroller of the Currency (a department of the federal government), while other banks are regulated by individual states; securities firms are regulated by the Securities and Exchange Commission (SEC), while trading in listed futures and options is regulated by the Commodity Futures Trading Commission (CFTC).

8.3.1 The Bank for International Settlements (BIS) and the Basel Accord

The Bank for International Settlements (BIS) is an international organisation of central banks, based in the Swiss city of Basel. One of its objectives is to act as “a forum for discussion and decision-making among central banks and within the international financial and supervisory community”.


  

You are currently reading a PREVIEW of this book.

                                                                                                                    

Get instant access to over $1 million worth of books and videos.

  

Start a Free Trial


  
  • Safari Books Online
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint