GLOBAL FINANCIAL MARKETS Name: Rasheed Akewusure Student no: 2710157 Module Reference Number: BAF-7-GFM.1 Module Coordinator: Dr. Carolina Valiente Word Count: 3‚997 Abstract The U.S. stock market experienced the worst bear market in its history since the Great Depression during the October 9‚ 2007-March 9‚ 2009 period. The stock market crash was mainly caused by the U.S. banking sector crisis in 2008. As a result of this crisis‚ the U.S. financial sector has received considerable attention
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Week 5: Sarbanes-Oxley Act (SOX) Summary ACC/291 10 June 2013 Judith Bines Introduction The Sarbanes-Oxley Act‚ also known as SOX‚ is a federal law that requires publicly traded companies to individually certify the accuracy of their financial information. The law was enacted as a reaction to corporate accounting scandals that
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the president’s budget and presented to the congress. OMB also monitors the work of agencies and enforces executive policies. OMB is accountable to the President. 2) What are the the primary functions of the OMB and the CBO‚ and in addition‚ what events lead to the creation of the CBO? (8 points).
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Financial Market * a kind of market where the financial management operates‚ no physical existence‚ it only involved money‚ consist of the legal and tax framework. Financial Institutions * refers to banks‚ lending companies‚ credit cooperatives‚ pawnshops‚ insurance companies‚ government agencies (SSS‚ GSIS‚ PHILHEALTH‚ PAGIBIG). Why do Financial Market exists? * In order to facilitate the interaction between providers of capital such as savers and investors and users of capital such
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World Bank The World Bank is an international financial institution that provides loans[3] to developing countries for capital programs. The World Bank’s official goal is the reduction of poverty. According to the World Bank’s Articles of Agreement (as amended effective 16 February 1989)‚ all of its decisions must be guided by a commitment to promote foreign investment‚ international trade‚ and facilitate capital investment. The World Bank differs from the World Bank Group‚ in that the World
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Financial Markets in Pakistan A financial market is a place for buying and selling of financial securities such as stocks and bonds. It facilitates: * The raising of capital (in the capital markets) * The transfer of risk (in the derivatives markets * In matching those who want capital to those who have it. Financial Market in Pakistan consists of (i) Money Market which provides short term funds and (ii) Capital Market which makes long terms funds available to businesses and industries
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and Banking Semester 1‚ 2012-13 National University of Ireland‚ Galway Lecture 1 Why Study Money‚ Banking‚ and Financial Markets? 1) Financial markets promote economic efficiency by A) channeling funds from investors to savers. B) creating inflation. C) channeling funds from savers to investors. D) reducing investment. 2) Well-functioning financial markets promote A) inflation. B) deflation. C) unemployment. D) growth. 3) The price paid for the rental of borrowed funds
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Financial market development The financial and economic crisis has highlighted the central role of a sound and well-functioning financial sector for economic activities. An efficient financial sector allocates the resources saved by a nation’s citizens‚ as well as those entering the economy from abroad‚ to their most productive uses. It channels resources to those entrepreneurial or investment projects with the highest expected rates of return rather than to the politically connected. A thorough
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Smith Barry & Company | U.S. Financial Markets | Client: Michelle Varga | Chloe Fiorentino 2/14/2012 | Use the following collected data to educate your client: A) What are the three primary ways to transfer capital between savers and borrowers? Describe each one. The three primary ways in which capital is transferred between savers and borrowers are: 1. Direct Transfers and Securities: when a business sells its stocks directly to savers‚ without
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gula Regulation of Financial Markets BA (Hons) Business Management Word Count: 2750 ------------------------------------------------- Q: Explain the main reasons why financial markets are regulated? To what extent do you think that recent problems in the financial markets are the result of too little regulation? Introduction: Since the inception of this world‚ people are following rules in one way or the other. Every aspect of our lives follows a pattern. The best patterns and practices
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