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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 / General
Business & Economics / Investments & Securities / General
Business & Economics / Exports & Imports
ISBN
1451854188
9781451854183
URL
http://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.