Conflicts of Interest in Self-Regulation : Can Demutualized Exchanges Successfully Manage Them?

Conflicts of Interest in Self-Regulation : Can Demutualized Exchanges Successfully Manage Them?

The author examines the implications of demutualization of financial exchanges for their roles as self-regulatory organizations. Many regulators and exchanges believe that conflicts of interest increase when exchanges convert to for-profit business...

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Bibliographic Details
Main Author: Carson, John W.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
SECURITIES MARKETS
STOCK MARKETS
CONFLICT OF INTEREST
CAPITAL MARKETS
SECURITIES REGULATION
SECURITIES TRANSACTIONS
CONFLCIT MANAGEMENT
BROKER ROLE
CLEARING SECURITIES
ENFORCEMENT POWERS
CORPORATE GOVERNANCE
STOCK OWNERSHIP
CONTRACTING SECURITIES MARKETS
CONTRACTING
ACCOUNTING
ASIAN STOCK EXCHANGES
BENCHMARKS
BROKERS
BUSINESS PARTNERS
BUSINESS SERVICES
CALL
CAPITAL ADEQUACY
CAPITAL FORMATION
CAPITAL MARKET
COMPARATIVE ADVANTAGE
COMPETITION POLICY
COMPETITIVENESS
COST OF CAPITAL
CUSTODY
DEALERS
DEPOSITORY
DISCLOSURE
DISCLOSURE REQUIREMENTS
DRAFTS
ECONOMIC DEVELOPMENT
ETHICAL STANDARDS
FINANCIAL ACCOUNTING
FINANCIAL MARKETS
FINANCIAL PERFORMANCE
FINANCIAL SECTOR
FIREWALLS
FUTURES
FUTURES EXCHANGES
FUTURES MARKETS
FUTURES TRADING
INSIDER TRADING
INTEGRITY
INVESTMENT MARKETS
INVESTOR CONFIDENCE
INVESTOR PROTECTION
LEGISLATION
LIQUIDITY
MARGIN REQUIREMENTS
MATCHING
MINORITY SHAREHOLDERS
NASDAQ
NYSE
OBLIGATION
ORGANIZATIONAL STRUCTURE
POLICY DECISIONS
PRIVATIZATION
PRODUCERS
PUBLIC GOODS
REGULATORY FRAMEWORK
REGULATORY POWERS
REGULATORY SYSTEMS
RISK MANAGEMENT
SECURITIES
SECURITIES EXCHANGES
SECURITIES TRADING
SEGREGATION
SETTLEMENT
STOCK OPTIONS
TRADERS
TRANSITION ECONOMIES
Online Access:http://documents.worldbank.org/curated/en/2003/12/5278814/conflicts-interest-self-regulation-can-demutualized-exchanges-successfully-manage
http://hdl.handle.net/10986/17428

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