Chapter 1C - The Role and Structure of International Markets

Question 1

What are the three European Supervisory Authorities (ESAs)?

Answer 1

European Banking Authority (EBA)
European Securities and Markets Authority (ESMA)
European Insurance and Occupational Pensions Authority (EIOPA)

Question 2

What is the main role of the European Central Bank (ECB)?

Answer 2

Co-ordinate and control monetary policy and interest rates

Question 3

What is the main role of the Financial Stability Board?

Answer 3

Co-ordinate national financial authorities and make recommendations about the global financial system

Question 4

What is the main role of the Financial Action Task Force (FATF)?

Answer 4

To set international standards on anti-money laundering

Question 5

What is the main role of the International Organisation of Securities Commissioners (IOSCO)?

Answer 5

Bring together world security regulators to set common standards

Question 6

What is the main role of the International Association of Insurance Supervisors (IAIS)?

Answer 6

Supervise, and set common standards for, the international insurance sector

Question 7

What is the main role of the Basel Committee on Banking Supervision (BCSC)?

Answer 7

Set primary standards for the prudential regulation of banks and provide a forum for banking supervisory matters.

Question 8

What is the main role of the International Swaps and Derivatives Association (ISDA)?

Answer 8

Represent participants in the privately negotiated derivatives industry

Question 9

What is the main role of the Bond Market Association (TBMA)?

Answer 9

Represent firms trading fixed-income securities

Question 10

What is the main role of the International Securities Market Association (ISMA)?

Answer 10

Supervise markets in international debt

Question 11

True or False: ISMA is a trade organisation and is self-regulating?

Answer 11

True