The Capital Markets Authority (CMA) is alive to the fact that sustainability is key to the longevity of the capital market and its long-term financial sustainability. Transitioning to a green economy will be at the heart of sustainable growth and shared prosperity for our citizens. In addit...
Properly functioned capital markets ensure the efficient operation of our businesses and economy in a globally competitive marketplace, and may in specific circumstances provide the appropriate reputational and financial incentives in low-carbon society. Renewable energy projects are especially in need of ...
SeeJacob and Goldsteinsupranote 58, at 15-1;seegenerally Robbins on Diligence;seeHuber,supranote 65, at 12 n.2 (“… initial purchasers in Rule 144A transactions have established a market practice (considered more than adequate to defeat a claim of scienter under Rule 10b-5) of engaging i...
individual circumstances and the prescriptive recommendations by the World Bank and IMF fail to resolve the economic problems within the countries. IMF conditionalities may additionally result in the loss of a state’s authority to govern its own economy as national economic policies are predetermined ...
developments. They did not lead market economies; they followed. And I also might mention that for all the talk about central banks today, I think it is fair to say that the authority and prestige of central banks in the industrialized world, though fairly high now, has not ...
Organizational structure: the clear relation be- tween authority, responsibility and interests; the re- liability of organization's control system. Organizational learning: creating and applying information network within the organization; cre- ating and applying data storage of organization. Operational ...
In this chapter, the terms‘bank’and‘commercial bank’are used synonymously to refer as (1) a depository institution overseen and insured by a regulatory authority or (2) the holding company. 2. https://www.fdic.gov/consumers/banking/facts/. ...
Some financial markets are small with little activity, and others, like theNew York Stock Exchange (NYSE), trade trillions of dollars in securities daily. The equities (stock) market is a financial market that enables investors to buy and sell shares of publicly traded companies. The primary st...
Aside from clearing brokers, other types ofbroker-dealersdo not have the authority to clear transactions. Therefore, other broker-dealers will generally have one clearing broker with whom they work to clear their trades. An introducing broker, meanwhile, introduces their clients to a clearing broker...
We consider a benevolent fiscal authority to finance direct transfers to households and unemployment compensation only by factor taxes. We then conduct dynamic tax incidence exercises using a model calibrated to the U.S. economy with a pre-existing 20% flat tax on both capital and labor income....