Strengths and Weaknesses in Securities Market Regulation: A Global Analysis

November 1, 2007

Preview Citation

Format: Chicago

Jennifer A. Elliott, and Ana Carvajal. Strengths and Weaknesses in Securities Market Regulation: A Global Analysis, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines the strengths and weaknesses of securities regulatory systems worldwide with a view to a better understanding of common problems and areas of global concern. We found that a consistent theme emerges regarding the lack of ability of regulators to effectively enforce compliance with existing rules and regulation. In many countries, a combination of factors, including insufficient legal authority, a lack of resources, political will and skills, has undermined the regulator's capacity to effectively execute regulation. This weakness is more acute in areas of increased technical complexity such as standards for and supervision of the valuation of assets and risk management practices.

Subject: Emerging and frontier financial markets, Personal income, Securities, Securities markets, Securities regulation

Keywords: Conduct rule, Market country, Market intermediary, Market participant, Securities regulator, WP

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/259
Stock No:

WPIEA2007259
ISBN:

9781451868227
ISSN:

1018-5941

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