The document discusses the challenges of capital market regulation in Nigeria. It describes events like the 2007 bank consolidation policy, Nigeria's capital market crisis in 2008, and the global financial crisis that impacted the Nigerian market. Some key challenges discussed include companies failing to comply with financial disclosure requirements, weaknesses in the regulatory framework being exposed, and a lack of collaboration between regulators. Effective regulation is presented as important for capital markets to function in a transparent, fair and risk-reduced manner.
This presentation serves as study notes for the e-learning material titled: "South African Hedge funds and international developments"
These notes focus on Dodd Frank and its Impact on the Hedge Fund Industry.
http://www.hedgefund-sa.co.za/dodd-frank
This presentation serves as study notes for the e-learning material titled: "South African Hedge funds and international developments"
These notes focus on Dodd Frank and its Impact on the Hedge Fund Industry.
http://www.hedgefund-sa.co.za/dodd-frank
Post reform scenario of indian financial systemAnshulSurana1
There were many other notable developments besides the ones mentioned here. Many of the important points have been taken. Hope that this presentation is helpful for everyone.
Basel Accords - Basel I, II, and III Advantages, limitations and contrastSyed Ashraf Ali
The Basel Accords is referred to the banking supervision Accords (recommendations on banking regulations). Basel I, Basel II and Basel III was issued by the Basel Committee on Banking Supervision (BCBS). They are called the Basel accords as the BCBS maintains its secretariat at the Bank for
International Settlements in Basel, Switzerland and the committee normally meets there. The Basel Accords is a set of
recommendations for regulations in the banking industry.
The power of Soft Law How to regulate global financial markets with non-binding legal standards.
Lecture held at the University of Trieste on 20 April 2016
Post reform scenario of indian financial systemAnshulSurana1
There were many other notable developments besides the ones mentioned here. Many of the important points have been taken. Hope that this presentation is helpful for everyone.
Basel Accords - Basel I, II, and III Advantages, limitations and contrastSyed Ashraf Ali
The Basel Accords is referred to the banking supervision Accords (recommendations on banking regulations). Basel I, Basel II and Basel III was issued by the Basel Committee on Banking Supervision (BCBS). They are called the Basel accords as the BCBS maintains its secretariat at the Bank for
International Settlements in Basel, Switzerland and the committee normally meets there. The Basel Accords is a set of
recommendations for regulations in the banking industry.
The power of Soft Law How to regulate global financial markets with non-binding legal standards.
Lecture held at the University of Trieste on 20 April 2016
Peer-to-peer lending and equity crowdfunding have grown rapidly since the crisis and have attracted the attention of governments who wish to facilitate alternative forms of capital allocation. This report investigates the nature of Financial Return crowdfunding, including outlining the main benefits and risks of the industry and the global regulatory environment the industry currently operates in.
Teams will study the existing Financial Sector Regulations of various Regulators in India i.e SEBI, RBI, IRDA, PFRDA, FMC etc, (all or any of them) as well as compare them with regulations by global regulators viz SEC, Regulatory Authorities in UK, Singapore etc.
Financial Regulatory Reform: A New Foundation (1) Promote robust supervision and regulation of financial firms. Financial institutions that are critical to market functioning should be subject to strong oversight. No financial firm that poses a significant risk to the financial system should be unregulated or weakly regulated. We need clear accountability in financial oversight and supervision. We propose: • A new Financial Services Oversight Council of financial regulators to identify emerging systemic risks and improve interagency cooperation. • New authority for the Federal Reserve to supervise all firms that could pose a threat to financial stability, even those that do not own banks. • Stronger capital and other prudential standards for all financial firms, and even higher standards for large, interconnected firms. • A new National Bank Supervisor to supervise all federally chartered banks. • Elimination of the federal thrift charter and other loopholes that allowed some depository institutions to avoid bank holding company regulation by the Federal Reserve. • The registration of advisers of hedge funds and other private pools of capital with the SEC. (2) Establish comprehensive supervision of financial markets. Our major financial markets must be strong enough to withstand both system-wide stress and the failure of one or more large institutions. We propose: • Enhanced regulation of securitization markets, including new requirements for market transparency, stronger regulation of credit rating agencies, and a requirement that issuers and originators retain a financial interest in securitized loans. • Comprehensive regulation of all over-the-counter derivatives.
ICMA has prepared a paper for policy makers about why corporate bond markets are so important for economic growth, for investors, for companies, and for governments, around the world; and why it is therefore essential that laws and regulations that affect them avoid any unintended adverse consequences that could inhibit those markets.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Webinar Exploring DORA for Fintechs - Simont Braun
capital market regulation in Nigeria
1. The challenges of capital market regulation in Nigeria
BY
Nevo Samuel Prosper
Group: BM-26b
Subject: SECURITY MARKET
2. Contents
Bank Consolidation
The global financial crisis
Nigeria capital market crisis
Provision of financial information to the market
Consequences of financial crisis
Capital market and regulation
How does regulation impact on capital market.
Conclusion
3. Bank consolidation
The year 2007 was a very busy year for the Nigeria capital market. It
was the year; the bank of Nigeria consolidation policy. It brought with it
a host of challenges, for the Banks, the regulators, the existing market
infrastructure, the investors and other participants. It also brought good
fortune across the board, but was short-lived by the global financial
crisis in 2008.
4. NIGERIA CAPITAL MARKET CRISIS
Apart from the global financial crisis, Nigeria had its own peculiar internal financial
crisis in the capital market. There was large scale of usage of margin loan granted by
Banks to stockbrokers to buy shares which later had serious negative consequences
for the banks who gave the loan. There were causes of fraudulent and unethical
practices by the executive and the board of some banks; non purchase of shares for
clients by some stockbrokers; misappropriation of client fund by receiving agent; cases
of multiples application, nonreturn of surplus money by the issuers of securities
and non-release of issue of proceed by receiving bankers.
SEC and CBN promptly commence investigation of the activities of the affected
bank and capital market operators which was stimulating the capital market negatively.
5. THE GLOBAL FINANCIAL CRISIS
The global financial crisis brought financial loss indirectly to the
Nigerian investors as well. The crisis also brought regulatory and
corporate governance issues to the front barrier. It exposed the weakness
of the regulatory and supervisory framework of countries.
When it started, it was believed that Nigeria was not going to be
affected as the Nigerian financial system was not dealing with the type
of financial instruments that were not performing in the global scene.
We seem to forget that we were in global market without boundaries and
that what happens in one country could affect another country directly
or indirectly. Nigeria of course, was affected indirectly. It was the ripple
effect that caught up with the Nigeria capital market Foreign portfolio
and hedge fund managers, who had invested heavily in the offer for
subscription of banks, had to safeguard their clients investments by
exiting the Nigeria capital market.
6. Provision of financial information to the market
Compliance with section 60 and 65 of investment and security Act(ISA) 2007 on corporate
responsibilities of public companies posed some challenges. To give affect, the commission designed a
reporting format for public companies to render periodic and annual audited financial statement to the
investing public.
This was aimed at ensuring that investment decision were based on timely and reliable financial
information. A time period within which these statement should be released to the commission was also
stated. Companies generally failed to comply with this regulatory requirements. Enforcing this rule was
necessary at this time because of some of the identified causes of the global financial crisis. Information
off course is key to capital market activities.
All efforts to make public companies comply failed. Series of reminders were sent and names of
companies whose periodic reports were due for filling and release to the market were published in the
National daily Newspapers as a reminder. As a last resort, the commission applied the sanction rules,
companies who defaulted were panelized. It was after the punitive action that public companies started
to comply.
All of the presented challenges to the regulator as the relevant regulated entities failed to comply
regulatory requirement as when due.
7. Consequences of financial crisis
The global and domestic financial crisis revealed some regulatory challanged
whiched needed to be addressed.
The crisis brought regulatory and corporate governance issues to the front burner
as it exposed the weaknesses of the regulatory and the supervisory frame work of
the countries.
It showed the lack colleboration among regulators prevented a comprehensive and
a consolidated view of activities in their respective domain.
It revealed that regulators were not proactive enough in identifying and addressing
possible threat to the capital market.
It became evident that financial institutions which were poorly govern by posed a
risk to theselves and to others which could lead to collapse of financial market.
8. Capital market and regulation
Capital Market according to (Weber's New world finance an investment dictionary),
as market in which debt and equity are raised and then traded in secondary market.
It can also be define as the segment of the financial system for the sourcing of
medium to long-term fund. The muturity or the tenor of instruments and traded. By
this definition is the major distinquishing factor between the money and capital
market. While the maximum tenor or the maturity date of instrument traded in the
money market is usually less than one year that of capital market could range from
one year to perpetuality.
Regulation.
Regulation on the other hand is define as the rule of order having the force of law,
prescribed by superior or competent authority relating to the action of those under
the authourity's control.
9. A summary of the definitions gives a clue that the challenges in the capital market
bears with it an opporturnities for development.
The regulator can therefore come up with the enforceable rules, so that the benefit
within the opportunities can realised.
10. How does regulation impact on capital market.
Regulation of capital market covers the participants, institutions, and the instruments
that are traded in the market. Regulation enables capital market to function more
effectively, transperent and impartial.
Capital market is of great interest to the global community that is why the international
organization securities (IOSCO), the umbrella body of securities commissions from
time to time comes up with the best practices in securities regulation which are
premised on three core objectives, namelt:
Protecting investors
Ensuring that market are fair, effecien, and transperent.
Reducing systemic risk.
Members of organization are emplored to pratically implement the principles under
their respective frame work.
11. conclusion
Challenges of capital market regulation can be approached from different perspectives
based of corse from the view point of the person dealing the subject. On my part I
have approached the topic from the perspective of an insider but with some personal
views added. Capital market need a collective and positive effort to meet the intended
purpose..
Behavioral and brand wagon effect has serious negative impact on markets. NT:
Markets fall and rise.
THANKS FOR YOUR ATTENTION!!