Proprietary trading: regulators will need more comprehensive information to fully monitor compliance with new restrictions when implemented : report to congressional committees.

Proprietary trading: regulators will need more comprehensive information to fully monitor compliance with new restrictions when implemented : report to congressional committees.

by U.S. Government Accountability Office

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Overview

"In addition to trading on behalf of customers, banks and their affiliates have conducted proprietary trading,
using their own funds to profit from short-term price changes in asset markets. To restrain risk-taking and reduce the potential for federal support for banking entities, the Dodd-Frank
Wall Street Reform and Consumer
Protection Act (the act) prohibits banking entities from engaging in certain proprietary trading. It also restricts investments in hedge funds,
which actively trade in securities and other financial contracts, and private equity funds, which use debt financing to invest in companies or other lessliquid assets. Regulators must implement these restrictions by
October 2011. As required by Section
989 of the act, GAO reviewed (1) what is known about the risks associated with such activities and the potential effects of the restrictions and (2) how regulators oversee such activities. To conduct this work, GAO reviewed the trading and fund investment activities of the largest U.S. bank holding companies and collected selected data on their profits, losses, and risk measures. GAO also reviewed regulators' examinations and other materials related to the oversight of the largest bank holding companies.
"

Product Details

ISBN-13: 9781974644889
Publisher: CreateSpace Publishing
Publication date: 08/17/2017
Pages: 64
Product dimensions: 6.00(w) x 1.25(h) x 9.00(d)

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