The challenge of enforcement in securities markets : mission impossible?

The challenge of enforcement in securities markets : mission impossible? / prepared by Ana Carvajal and Jennifer Elliott.

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...

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Bibliographic Details
Main Authors: Carvajal, Ana (Author), Elliott, Jennifer A., 1962- (Author)
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: [Washington, DC] : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/168.
Subjects:
Securities industry.
Securities fraud.
Securities fraud
Securities industry
Court Order.
Court.
Courts.
Enforcement.
Securities Regulation.
Securities Regulators.
Australia.
Canada.
India.
United Kingdom.
United States.
Online Access:Click for online access
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.

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