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Demutualization of Securities Exchanges
Ms.Jennifer A. Elliott
其他書名
A Regulatory Perspective
出版International Monetary Fund, 2002-07-01
主題Business & Economics / Finance / GeneralBusiness & Economics / Investments & Securities / GeneralBusiness & Economics / Exports & Imports
ISBN14518541889781451854183
URLhttp://books.google.com.hk/books?id=fLFb0AEACAAJ&hl=&source=gbs_api
註釋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.