02999nam 2200589Ia 450 991046400270332120181019211935.01-4623-5375-41-4527-2786-41-4518-7315-897866128438151-282-84381-8(CKB)3170000000055315(EBL)1608383(SSID)ssj0000943292(PQKBManifestationID)11515183(PQKBTitleCode)TC0000943292(PQKBWorkID)10975544(PQKB)11106888(OCoLC)649492341(MiAaPQ)EBC1608383(EXLCZ)99317000000005531520100527d2009 uf 0engurcn|||||||||txtccrThe challenge of enforcement in the securities markets[electronic resource] mission impossible? /prepared by Ana Carvajal and Jennifer Elliott[Washington, DC] International Monetary Fund, MCM20091 online resource (39 p.)IMF working paper ;WP/09/168"August 2009".1-4519-1743-0 Contents; I. Introduction; II. What is Enforcement?; III. The Importance of Enforcement; IV. Framework for Enforcement; 1. Clear mandate; 2. Broad authority to investigate and obtain evidence; 3. Ability to act immediately; 4. Authority to bring charges and impose a wide range of sanctions; 5. Active criminal enforcement; 6. Ability to provide cooperation to foreign regulators; V. Enforcement Capacity; 1. Independence and political will; 2. Staffing and resources; 3. Adequate organizational structure; 4. Effective court system; VI. Measuring the Effectiveness of Enforcement; VII. ConclusionWeaknesses in the enforcement of regulation have been targeted by the G-20 as a priority concern for reform. But enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a Ponzi scheme orchestrated by Bernard Madoff went undetected by the U.S. authorities for more than two decades, has once again highlighted the importance of effective enforcement of securities regulation, as well as the challenges that securities regulators around the world face in implementing credible enforcement programs. While in many instances it isIMF working paper ;WP/09/168.Securities industrySecurities fraudElectronic books.Securities industry.Securities fraud.Carvajal Ana971052Elliott Jennifer A.1962-35241International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910464002703321The challenge of enforcement in the securities markets2273584UNINA