United States: Financial Sector Assessment Program-Technical Note-Securities—Fund Management; Equity and Derivatives Trading; and Virtual Assets and Virtual Asset Service Providers

August 10, 2020

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Format: Chicago

United States: Financial Sector Assessment Program-Technical Note-Securities—Fund Management; Equity and Derivatives Trading; and Virtual Assets and Virtual Asset Service Providers, (USA: International Monetary Fund, 2020) accessed December 3, 2024

Summary

This technical note considers the regulation and supervision of fund management and equity and derivatives trading in the United States (U.S.). As one of the main destinations for household savings and a key provider of funding to U.S. corporates, investment funds play a major role in the U.S. financial system. Distortions to equity trading could cause significant loss of confidence in markets, while international post-crisis reforms for OTC derivatives have underlined the importance of greater transparency and the value of central clearing. U.S. companies have also traditionally raised more finance through equity and other capital markets than through bank lending, and so capital markets are of greater structural significance in the U.S. than in some other jurisdictions.

Subject: Brokers and dealers, Financial institutions, Financial markets, Mutual funds, Securities, Stock markets, Technology, Virtual currencies

Keywords: Brokers and dealers, CFTC regulation, CIS operator, CR, Duty of care, Equity trading, Futures commission merchant, Global, ISCR, Market structure, Mutual funds, Net capital, North America, Redemption fee, SEC rule, SEC staff, Secondary market, Securities, Spot market, Stock markets, Virtual currencies

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/243
Stock No:

1USAEA2020003
ISBN:

9781513552880
ISSN:

1934-7685

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