Demutualization of Securities Exchanges : A Regulatory Perspective /

Demutualization is a term used to describe the transition of a securities exchange from a mutual association of exchange members operating on a not-for-profit basis to a limited liability, for-profit company accountable to shareholders. Demutualization in its many forms has become a widespread pheno...

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Detalles Bibliográficos
Autor principal: Elliott, Jennifer
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2002.
Colección:IMF Working Papers; Working Paper ; No. 2002/119
Acceso en línea:Full text available on IMF
Descripción
Sumario:Demutualization is a term used to describe the transition of a securities exchange from a mutual association of exchange members operating on a not-for-profit basis to a limited liability, for-profit company accountable to shareholders. Demutualization in its many forms has become a widespread phenomenon-one with increasing appeal in emerging market countries. Demutualization challenges the traditional approach to supervision of securities exchanges and raises issues regarding their role in the regulation and supervision of capital markets.
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Descripción Física:1 online resource (30 pages)
Formato:Mode of access: Internet
ISSN:1018-5941
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students