Capital Regulation of Securities Firms
|Author:||Mgr. Markéta Hlůžková|
|Year:||2002 - summer|
|Leaders:|| prof. Ing. Michal Mejstřík CSc.
|Work type:|| Financial Markets
|Awards and prizes:||M.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good masters diploma thesis|
|Abstract:||The main focus of the thesis is to find the reasons for capital adequacy requirements for securities firms. In general, capital regulation is one of the main tools of financial regulation and the purpose of bank capital regulation is to minimize the systemic risk connected to a bank failure. The systemic dimension enters financial regulation because the social costs of financial distress, notably in the form of contagious effects, can easily exceed the private costs to shareholders and managers of a failing institution. The conclusion is that the systemic risk is not so evident in the case of the securities firm failure and sometimes does not exist at all. In author's opinion the capital regulation of securities firms that do not form a part of a financial group including a bank is not necessary.
|Downloadable:||Diploma Thesis - Hlůžková