Chapter 9: Regulatory Requirements Flashcards
1
Q
What was known as the passport for regulators?
A
When a firm in the UK was authorised to provide services in a member state without requiring authorisation.
1
Q
Which 2 regulators have contributed to the global development of derivatives regulations?
A
International Organisation of Securities Commissions - regulates securities and futures markets. Is formed of major regulators from each country. Covers 95% of the worlds securities markets.
International Swaps and Derivatives Association (ISDA). Members are the main participants in swap markets
