Asset Details
Do you wish to reserve the book?
Changements récents observés sur les marchés de capitaux aux états-unis
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Changements récents observés sur les marchés de capitaux aux états-unis
Do you wish to request the book?
Changements récents observés sur les marchés de capitaux aux états-unis
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Changements récents observés sur les marchés de capitaux aux états-unis
2006
Overview
Les marchés de capitaux américains connaissent d'importants changements structurels. Le règlement Regulation NMS impliquera d'entrelacer plus étroitement les différentes composantes du système. Les transactions annoncées par le Nasdaq et le NYSE laissent présager une concentration des places financières. Le système de reporting des transactions dont dispose le NASD sur le marché des obligations corporate soulève des questions sur une plus grande transparence et une meilleure exécution des ordres sur ce marché. Par ailleurs, les propositions en matière d'auto-réglementation de la SEC, pourraient modifier le processus de gouvernance des organismes d'auto-réglementation (OAR), exiger une plus grande responsabilité lors de l'exercice des attributions de réglementation d'un OAR, et soulèvent des questions concernant les rôles dûment dévolus à la réglementation et aux marchés commerciaux. Cet article tente de présenter un aperçu de ces récents événements. The US capital markets are in the process of undergoing significant structural changes. Regulation NMS will more tightly interweave the national market system; the recently announced transactions by The Nasdaq Stock Market, Inc. and the New York Stock Exchange portend greater consolidation of trading markets in the United States; NASD's facility for reporting transactions in the corporate debt market raises issues concerning greater transparency and best execution in that market; and the Securities and Exchange Commission's recent proposals on self-regulation will potentially change the governance process of self-regulatory organizations (SROs), require more on-going accountability in the discharge of an SRO's regulatory responsibilities, and raise issues concerning the proper roles of commercial markets and regulation. This paper seeks to present an overview of these recent events.
Publisher
Association d'Economie Financière
