The capital adequacy regulation of US broker-dealers: a comparative analysis


Dale, R. (1994) The capital adequacy regulation of US broker-dealers: a comparative analysis. Southampton, UK, University of Southampton, 51pp. (Discussion Papers in Accounting and Management Science, (94-91) ).

Download

Full text not available from this repository.

Description/Abstract

The regulation of securities firms has become a topic of increasing concern to policy-makers worldwide. This concern reflects both the increasing potential for financial shocks to be transmitted across borders, due to the globalisation of financial markets, and the fact that disparities between national regulatory regimes can be the cause of important competitive distortions. However, attempts to reach agreement on common capital adequacy standards for securities firms have so far failed due in part to fundamental differences of view between US and European securities regulators. This paper seeks to clarify some of the policy issues arising from recent convergence initiatives by examining the US capital adequacy rules for investment firms ("broker-dealers" in US parlance) and contrasting the US approach with European securities regulation as formulated by the relevant EU Directives

Item Type: Monograph (Discussion Paper)
Additional Information:
Related URLs:
Subjects: H Social Sciences > HG Finance
J Political Science > JZ International relations
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 36058
Date Deposited: 03 May 2007
Last Modified: 27 Mar 2014 18:22
URI: http://eprints.soton.ac.uk/id/eprint/36058

Actions (login required)

View Item View Item