The capital adequacy regulation of US broker-dealers: a comparative analysis - part 1


Dale, Richard (1995) The capital adequacy regulation of US broker-dealers: a comparative analysis - part 1. Journal of Financial Regulation and Compliance, 3, (1), 11-27. (doi:10.1108/eb024823).

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Original Publication URL: http://dx.doi.org/10.1108/eb024823

Description/Abstract

As financial markets across the world become more integrated, the potential for financial shocks to be transmitted both from one jurisdiction to another and from one financial sector to another increases. At the same time differences in national regulatory arrangements can be the source of important competitive distortions between financial institutions. Against this background national authorities have been seeking to coordinate the regulation of securities firms and of banks undertaking securities business. This paper, which is published in two parts, aims to clarify some of the policy issues arising from recent convergence initiatives by examining the US capital adequacy rules for US investment firms and contrasting the US approach with European securities regulation as formulated in the Capital Adequacy Directive.

Item Type: Article
ISSNs: 1358-1988 (print)
Related URLs:
Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 64665
Date Deposited: 22 Jan 2009
Last Modified: 27 Mar 2014 18:46
URI: http://eprints.soton.ac.uk/id/eprint/64665

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