The challenge of enforcement in securities markets : mission impossible? /
Weaknesses in the enforcement of regulation have been targeted by the G-20 as a priority concern for reform. But enforcement efforts in securities markets have proven difficult and uneven. The recent scandal in the United States, wherein a Ponzi scheme orchestrated by Bernard Madoff went undetected...
| Main Authors: | , |
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| Corporate Author: | |
| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
[Washington, DC] :
International Monetary Fund,
©2009
Washington, D.C. : 2009 |
| Series: | IMF Working Papers ;
Working Paper No. 09/168 IMF Working Papers; Working Paper ; No. 2009/168 IMF eLibrary IMF working paper ; WP/09/168 |
| Subjects: |
Table of Contents:
- I. Introduction; II. What is Enforcement?; III. The Importance of Enforcement; IV. Framework for Enforcement; 1. Clear mandate; 2. Broad authority to investigate and obtain evidence; 3. Ability to act immediately; 4. Authority to bring charges and impose a wide range of sanctions; 5. Active criminal enforcement; 6. Ability to provide cooperation to foreign regulators; V. Enforcement Capacity; 1. Independence and political will; 2. Staffing and resources; 3. Adequate organizational structure; 4. Effective court system; VI. Measuring the Effectiveness of Enforcement; VII. Conclusion