1.

Record Nr.

UNINA9910703059303321

Autore

iMinds

Titolo

Financial regulation : hearings before the Committee on Homeland Security and Governmental Affairs, United States Senate of the One Hundred Eleventh Congress, first session

Pubbl/distr/stampa

Mosman, : iMinds Pty Limited, 2010

Washington : , : U.S. G.P.O., , 2010

Descrizione fisica

1 online resource (iv, 471 pages) : illustrations

Collana

S. hrg. ; ; 111-614

Classificazione

BUS024000

Soggetti

Financial crises - United States

Financial institutions - United States - Management

Financial institutions - Law and legislation - United States

Financial institutions - Government policy - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from title screen (viewed on Oct. 29, 2010).

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

January 21, 2009: Where were the watchdogs? The financial crisis and the breakdown of financial governance -- March 4, 2009: Where were the watchdogs? Systemic risk and the breakdown of financial governance -- May 21, 2009: Where were the watchdogs? Financial regulatory lessons from abroad.

Sommario/riassunto

Learn about Financial Regulation with iMinds Money's insightful fast knowledge series. Financial regulation, simply put, is the supervision and control of the financial system and entities within it by a government body. It is deemed necessary to prevent abuses or failures within financial systems that affect the public or the stability of the system itself. Regulation is carried out differently in countries around the world. For example, in America there are a number of regulatory bodies for different parts of the financial market, while in the UK there is only one. The US regulatory system is also very rules-based, while the UK system is based more on principals. Adam Smith, an eighteenth century Scottish philosopher, described an "invisible hand" that directs free markets. It became a lasting image in economic theory. By pursuing their own self-interests, individual market participants



engage in the production and exchange of goods and services to the benefit of the whole. This is the "invisible hand" that guides individuals. It leads the market to operate efficiently and in service of the public good. While Smith's image suggests that a perfect market would function without any oversight, realities of the market require government regulation to ensure economic welfare. iMinds will hone your financial knowledge with its insightful series looking at topics related to Money, Investment and Finance.. whether an amateur or specialist in the field, iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind. iMinds unique fast-learning modules as seen in the Financial Times, Wired, Vogue, Robb Report, Sky News, LA Times, Mashable and many others.. the future of general knowledge acquisition.