Governance, compliance and supervision in the capital markets / Sarah Swammy, Michael McMaster.

Format:

Book

Author/Creator:

Swammy, Sarah, author.

McMaster, Michael, author.

Language:

English

Subjects (All):

Financial services industry--Management.

Financial services industry.

Capital market--Law and legislation.

Capital market.

Physical Description:

1 online resource (160 pages)

Edition:

1st ed.

Place of Publication:

Hoboken, New Jersey : Wiley, [2018]

Summary:

The definitive guide to capital markets regulatory compliance Governance, Compliance, and Supervision in the Capital Markets demystifies the regulatory environment, providing a practical, flexible roadmap for compliance. Banks and financial services firms are under heavy regulatory scrutiny, and must implement comprehensive controls to comply with new rules that are changing the way they conduct business. This book provides a way forward, with clear, actionable guidance that strengthens governance at all levels, and balances supervisory and compliance requirements with the need to do business. From regulatory schemes to individual roles and responsibilities, this invaluable guide details the most pressing issues in today's financial services organizations, and provides expert advice. The ancillary website provides additional tools and guidance, including checklists, required reading, and sample exercises that help strengthen understanding and ease real-world implementation. Providing both a broad overview of governance, compliance, and supervision, as well as detailed guidance on application, this book presents a solid framework for firms seeking a practical approach to meeting the new requirements. * Understand the importance of governance and "Tone at the Top" * Distinguish the roles of compliance and supervision within a financial services organization * Delve into the regulatory scheme applicable to broker dealers, banks, and investment advisors * Examine the risks and consequences of inadequate supervision at the organizational or individual level The capital markets regulatory environment is complex and ever-evolving, yet compliance is mandatory. A solid understanding of regulatory structure is critical, but must also be accompanied by a practical strategy for effective implementation. Governance, Compliance, and Supervision in the Capital Markets provides both, enabling today's banks and financial services firms to get back on track and get back to business.

Contents:

Intro

Table of Contents

Preface

About the Authors

ABOUT THE CONTRIBUTORS

CHAPTER 1: Capital Markets Participants, Products, and Functions

THE BASIC PRODUCTS OFFERED IN CAPITAL MARKETS

CAPITAL MARKETS AS A SUBSTITUTE FOR BANK LENDING

THE KEY STAKEHOLDERS IN CAPITAL MARKETS

TYPES OF MARKETS

CAPITAL MARKETS DEVELOPMENT

REGULATORY AND SUPERVISORY FRAMEWORK

NOTE

CHAPTER 2: How the Financial Crisis Reshaped the Industry

THE SITUATION PRIOR TO THE FINANCIAL CRISIS

OVERVIEW OF REGULATIONS INTRODUCED 2008-2015

IMPACTS ON BUSINESS MODELS

THE IMPACT ON CAPITAL MARKETS FUNCTIONS

CHAPTER 3: Governance

GOVERNANCE, OVERSIGHT, AND CONTROL

COMMUNICATION IN THE ORGANIZATION

COMPLIANCE

INTERNAL AUDIT

COMPENSATION: THE HOT BUTTON ISSUE

DISCLOSURE AND REPORTING

SUMMARY

NOTES

CHAPTER 4: Overview: Capital Markets Compliance

DIFFERENTIATION BETWEEN COMPLIANCE AND LEGAL DEPARTMENTS

ROLES AND RESPONSIBILITIES OF THE CHIEF COMPLIANCE OFFICER

ROLES AND RESPONSIBILITIES OF THE COMPLIANCE DEPARTMENT

ASSESSING THE EFFECTIVENESS OF THE PROGRAM

SUMMARY OF CCO OBLIGATIONS

DIFFERENCE BETWEEN COMPLIANCE AND SUPERVISION

CHAPTER 5: Overview: Supervision

STRUCTURE OF SUPERVISION

DELEGATION AND ESCALATION

RESPONSIBILITIES OF SUPERVISORS

WRITTEN SUPERVISORY PROCEDURES

CHAPTER 6: Central Role of Finance and Operations

THE NET CAPITAL RULE-SEA RULE 15C3-1

LIQUIDITY RISK AND THE NET CAPITAL RULE

THE CUSTOMER PROTECTION RULE-SEA RULE 153-3

PREPARATION AND REPORTING REQUIREMENTS

OPERATIONAL RISK

A WORD ON MARKET AND CREDIT RISKS

CHAPTER 7: Cyber Risk Role in Governance Model and Compliance Framework

CYBER RISK AS A PART OF OPERATIONAL RISK GOVERNANCE WITHIN THREE LINES OF DEFENSE MODEL

CYBER RISK INTEGRATION WITH OPERATIONAL RISK PROCESSES.

CYBER RISK MEASUREMENT AND ASSESSMENT FRAMEWORKS

CYBER RISK REGULATION OVERVIEW

ORGANIZATIONAL COMPLIANCE AND SUPERVISION

About the Companion Website

Index

End User License Agreement.

Notes:

Description based on print version record.

ISBN:

9781119380573

111938057X

9781119380498

1119380499

9781119380641

1119380642