Strengths and Weaknesses in Securities Market Regulation: A Global Analysis

51 Pages Posted: 20 Nov 2007

See all articles by Ana Carvajal

Ana Carvajal

International Monetary Fund (IMF)

Jennifer E. Elliott

International Monetary Fund (IMF)

Date Written: November 2007

Abstract

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.

Keywords: Securities markets, Securities regulations

Suggested Citation

Carvajal, Ana and Elliott, Jennifer E., Strengths and Weaknesses in Securities Market Regulation: A Global Analysis (November 2007). IMF Working Paper No. 07/259, Available at SSRN: https://ssrn.com/abstract=1030688

Ana Carvajal (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Jennifer E. Elliott

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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