Regulators in a large number of European countries have been working for over 20 years with legislators to harmonize their sundry and diverse rules and regulations. In Europe, the 1996 Banking Directive (DSI) is undergoing serious revision. If each regulator located in the 16 European countries harmonizes the current regulations, it is possible that throughout [...]
Archive of posts tagged finance capital
Finance capital of the world, part 3
The Securities and Exchange Commission (SEC), the main regulator of the American markets, decided in the 1990s that a foreign stock exchange wishing to provide access to its market from the US (via computers installed on American soil) had to comply with the rules laid down by the SEC. Such a demand presupposed that all [...]
Finance capital of the world, part 2
The UK is the premier international insurance market. Asset management is likewise characterized by the presence of foreign portfolios; a quarter of the administered funds are the property of European or overseas customers or institutions. The June 2000 ranking of the financial consultancy firm Thomson Financial Investor Relations showed that with $2,500 billion of assets [...]