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Final Rule: Privacy of Consumer Financial Information (Regulation S-P) A few commenters suggested that the regulation state that a financial institution is not obligated to comply with an example but has the latitude to comply with the general rules in other ways. We note that a financial institution that is a trustee assumes obligations as a fiduciary, including the duty to protect the confidentiality of the beneficiaries' information, that are consistent with the purposes of the G-L-B Act and enforceable under State law. We recognize that a financial institution may not have systems in place or trained personnel to handle opt out elections at each point of contact between a consumer and financial institution and therefore may choose not to honor opt out elections communicated to the institution through means other than those specified for the consumer. www.sec.gov /rules/final/34-42974.htm   (16789 words)

(Clinical Trials) Complying with FDA's Financial Disclosure Regulation (MDDI archive, Jan 00) This regulation is the culmination of discussions that began in the late 1980s with members of Congress and a series of public meetings that FDA initiated in 1993. The goal of this regulation is to ensure that sponsors identify and disclose clinical investigators' financial interests and arrangements that could affect the reliability of data submitted to FDA in support of a marketing application. Financial disclosure information is one more tool in the research quality assurance process; however, obtaining and using these data may be more complicated than some of the more traditional techniques. www.devicelink.com /mddi/archive/00/01/014.html   (3058 words)

Ohio Dept of Insurance - Office of Financial Regulation Services The Office of Financial Regulation Services ("Financial Regulation"), with its staff of 60, is responsible for monitoring the financial performance and solvency of insurance companies in the State of Ohio. Financial Regulation monitors nearly 300 domestic insurance companies which claim Ohio as their home state and over 1,600 other insurance companies whose home state is not Ohio, but are authorized to write insurance here. Financial Analysis is also responsible for reviewing financial transactions such as mergers, acquisitions, redomestications, dividends, reinsurance agreements and intercompany agreements. www.ohioinsurance.gov /aboutodi/odidiv/offfinance.htm   (447 words)

Final Rule: Conditions for Use of Non-GAAP Financial Measures Regulation G applies to any entity that is required to file reports pursuant to Sections 13(a) or 15(d) of the Exchange Act, other than a registered investment company. Regulation FD could, of course, be satisfied by public disclosure other than through the filing of a Form 8-K meeting Regulation FD's requirements; in that case, Item 12 would require that a Form 8-K be furnished to the Commission within the five business day timeframe of Item 12. However, the financial measure should be presented outside of the financial statements unless the financial measure is required or expressly permitted by the standard-setter that is responsible for establishing the GAAP used in such financial statements. www.sec.gov /rules/final/33-8176.htm   (12182 words)

FPA Journal - Options for Future Regulation of Financial Planners, Part II Two other problems that financial planners inevitably would face if they tried to persuade lawmakers to implement a licensing regime were mentioned when discussing the option of stricter qualifications for investment advisers (see Part I of this article, June 2002). Enron reminds us that most regulation in the financial services industry is designed to deal with some crisis or other, and the lack of a crisis also will make it difficult to achieve passage of any meaningful legislative or regulatory initiatives in the financial planning area. No regulators, state or federal, have the institutional competence to examine all aspects of financial planning to determine if there are flaws in the plan recommendations beyond the regulators’ respective areas of jurisdiction. www.fpanet.org /journal/articles/2002_Issues/jfp0702-art10.cfm   (4612 words)

FRB: Speech, Olson--Functional Regulation and Financial Modernization--November 22, 2003 Interstate expansion in a supervisory framework tied to state boundaries means that state-chartered banks that operate on an interstate basis face the possibility of regulation by their chartering state as well as by each state in which the bank establishes a branch office, plus an overarching federal supervisor. Regulated institutions must be allowed to respond to changes in the marketplace or they will not survive. While we as regulators and legislators have the responsibility for setting and maintaining standards of safety and soundness for the benefit of consumers, we cannot ignore the power of market forces to cause the continual development of consumer financial products. www.federalreserve.gov /boarddocs/speeches/2003/20031122   (2915 words)

Financial regulation - Wikipedia, the free encyclopedia Financial supervision is government supervision of financial institutions by regulators. The objective is to uphold existing regulations for the financial sector and ultimately to maintain stability of financial markets. Financial Supervisory Authority, Finland (Rahoitustarkastus in Finnish, abbr. en.wikipedia.org /wiki/Financial_supervision   (150 words)

United States Financial Regulation Commercial banks continued to be regulated by the OCC or state regulators depending upon whether they had federal or state charters. A strong argument against increased regulation of OTC derivatives was that it would drive the market overseas—as had happened 20 years earlier to the market for USD deposits. The CFTC was not to regulate OTC derivatives. www.riskglossary.com /articles/united_states_financial_regulation.htm   (3610 words)

TCS: Tech Central Station - The Proper Attitude Toward Financial Regulation   (Site not responding. Last check: 2007-10-16) Financial instruments are a response to risk that exists in the economic environment. Financial instruments can be used to redistribute these risks, so that the benefits of innovation can be enjoyed with the least adverse effect on personal risk postures. According to modern finance theory, the way for financial markets to improve risk allocation is to allow individuals to shed unnecessary risk and instead to choose between risk and expected return by varying their exposure to the market portfolio. www.techcentralstation.com /081005C.html   (2057 words)

Public Information Notice: IMF Executive Board Discusses Financial Sector Regulation: Issues and Gaps The Financial Stability Forum and the standard setting bodies also requested the Fund staff to provide periodic feedback on the experience with the assessment process, emerging issues for regulators, and the adequacy of international guidance given the risks and vulnerabilities observed in financial systems. Directors considered high-quality financial regulation to be a key element of financial stability and important for Fund surveillance, as is being brought out in the Financial Sector Assessment Program. Directors stressed that financial sector work is a key element of the Fund's mandate, and urged greater integration of this work into the Fund's country and multilateral surveillance and its lending operations. www.imf.org /external/np/sec/pn/2004/pn04131.htm   (1699 words)

South Africa: Financial regulation and supervision   (Site not responding. Last check: 2007-10-16) With regard to the regulation of investment services, a distinction is made between securities related investment services and non-securities related investment services. The existing financial regulatory structure for the regulation of the financial system, financial intermediaries and advisers is shown in Diagram 1. The Financial Services Board (FSB), established as a statutory body by the Financial Services Board Act, 97 of 1990, is financed by the financial services industry itself, with no contribution from government. www.finforum.co.za /regulate/regstruc.htm   (981 words)

European Financial Regulation As the nations of Europe moved towards integrating their economies, the two models of financial regulation came into conflict. Financial firms were granted a “single passport” to operate throughout the EU subject to the regulations of their home country. European regulators had hoped that both initiatives could be completed simultaneously, but this was not to be. www.riskglossary.com /articles/european_financial_regulation.htm   (829 words)

Financial Regulation & Insurance > Regulation and Economic Liberty Political regulation too often assigns capital to politically-preferred causes yielding inadequate levels of return. The Sarbanes-Oxley corporate governance act is one of the biggest expansions of government regulation in 70 years—and businesses say it's more costly... Congress is in the process of tweaking sixteen separate sections of the USA Patriot Act that were scheduled to sunset at the end of this year. www.cei.org /sections/subsection.cfm?section=25   (392 words)

Mortgage Lenders Continuing Education - Commissioner of Financial Regulation Effective July 1, 2000, new regulations went into effect requiring continuing education for certain individuals working in the mortgage business. An employee who has been a covered employee with any licensee for the immediately preceding 10 years shall be considered to have satisfied the continuing education requirements by completing, during the immediately preceding licensing period, approved courses in the following subjects in the number of hours indicated. In order to have a course approved for continuing education, the following must be submitted to George Kinsel at the Division of Financial Regulation. www.dllr.state.md.us /finance/mortlendac.htm   (442 words)

Financial Regulators Gateway   (Site not responding. Last check: 2007-10-16) The Heuerman Fund for the study of Investment Law and Regulation was set up by Richard and Lois Heuerman to provide a permanent endowment for research and teaching at the University of Toledo in the area of investment regulation. While we list securities, banking and insurance regulators separately, there is a continuing trend toward unified financial regulators in a number of jurisdictions. For a discussion of functional regulation vs. consolidated regulation of financial institutions and markets, these remarks by the Director of the SEC's Office of International Affairs are of interest. law.utoledo.edu /financialregulators/pages/finanreg.htm   (273 words)

Derivative Instrument ) is a financial instrument which derives its value from the value of some other financial instrument or variable. financial risk management Practices by which a firm optimizes the manner in which it takes financial risk. hybrid instrument A financial instrument that blend characteristics of debt and equity markets. www.riskglossary.com /articles/derivative_instrument.htm   (528 words)

List of finance topics   (Site not responding. Last check: 2007-10-16) It aims to be a complete listing of finance topics,so if you write a finance article, please add it to this list. This list is an attempt to categorize all financial topics. An alphabetical listing of finance topics can be found at List of finance topics(alphabetical). www.therfcc.org /list-of-finance-topics-1175.html   (128 words)

Florida Monitor: Office of Financial Regulation You have selected the profile entitled Office of Financial Regulation, which was last updated on November 18, 2005. The Office of Financial Regulation is dedicated to safeguarding the private financial interests of the public by licensing, chartering, examining and regulating financial institutions and financial service companies in the State of Fees collected from regulated entities (e.g., licensing fees and administrative fines) are deposited in these trust funds. www.oppaga.state.fl.us /profiles/4105/print.asp   (1061 words)

Financial Services Against a background of heightened risk, market and regulatory pressures, financial services organisations of every stripe are striving to grow and enhance shareholder value. As financial services organisations strive to become more innovative and entrepreneurial, the war for talent is intensifying. At the same time, regulation is tightening in the wake of public and government pressure for improved governance, transparency and accountability. www.pwc.com /Extweb/industry.nsf/docid/5159EA4DF816D2A185256AE6006A8466   (232 words)

Georgetown Law - Securities and Financial Regulation Beginning with core courses dealing with activities regulated by the SEC, the curriculum also includes courses addressing the commodity futures markets, the mutual fund industry, banks and insurance companies, financial accounting and reporting, corporate finance, corporate governance, financial derivatives, project finance, securities litigation, mergers and acquisitions, and venture capital and technology transactions. Sixteen (16) of these credits must be completed in courses listed under Securities and Financial Regulation (“Securities”) in the Law Center's Course Schedules. At the discretion of the Graduate Admissions Committee, an applicant for this degree who has not completed the prerequisite course, but who is otherwise qualified, may be permitted to enroll in Securities Regulation in the applicant's first semester (as a full-time student) or first year (as a part-time student) at the Law Center. www.law.georgetown.edu /graduate/securities.cfm   (990 words)

EconLog, Financial Innovation and Regulation, Arnold Kling: Library of Economics and Liberty EconLog, Financial Innovation and Regulation, Arnold Kling: Library of Economics and Liberty One way to understand financial innovation is that it serves to bring us closer to a financial system in which risks are spread and the advantages of diversification are achieved. Private financial markets are not there to cause risk. econlog.econlib.org /archives/2005/08/financial_innov_1.html   (361 words)

South Africa: Financial Institutions, Investment, Financial Markets, Economic Policy and Financial Regulation The SA Reserve Bank September Financial Stability Review is now available, it is indexed in the Regulation and legislation section. The World Bank Doing Business around the World has prepared a third report on benchmarking business regulations, it is indexed in the Africa region section. brings you general information on financial policy; regulatory policy; financial institutions; financial services, investment and markets; and arrangements for financial regulation and supervision in South Africa and the region. www.finforum.co.za   (785 words)

Professional & Financial Regulation Department Website --Home Page-- State of Maine   (Site not responding. Last check: 2007-10-16) The Maine Department of Professional and Financial Regulation is part of the Executive Branch of State Government involved in the regulation of financial services, including insurance companies, state-chartered banks and credit unions, investment advisors and mortgage companies. Complaints against regulated entities or individuals can also be filed with the Department. Annual Report from the Superintendent of the Bureau of Financial Institutions to the Legislature (January 2005) www.state.me.us /pfr/pfrhome.htm   (441 words)

State of Illinois | Department of Financial and Professional Regulation IDFPR is committed to protecting Illinois citizens in their dealing with the industries and professions that IDFPR regulates and licenses. This database offers information on professionals who hold a professional license in the State of Illinois and are regulated by this division. Professional Regulation — License Regulations — Internationally Educated Nurses www.idfpr.com   (428 words)

Commissioner of Financial Regulation The Maryland Commissioner of Financial Regulation is the primary regulator for many State-chartered financial institutions, including, banks, credit unions, and trust companies, and State-licensed financial entities such as, consumer finance companies, mortgage lenders and brokers, consumer debt collection agencies, check cashers, and money transmitters. The Commissioner is responsible for supervising the activities of these businesses to ensure compliance with the financial institution laws and regulations of Maryland. Each year, the Commissioner handles numerous corporate applications from the banking industry, including formation of new banks, charter conversions, mergers and acquisitions, affiliates, trust powers, foreign bank offices, branches, etc. The Commissioner is also responsible for issuing licenses to consumer, installment and mortgage lenders, check cashers, and money transmitters. www.dllr.state.md.us /finance   (190 words)

Book Listing by Subject: Financial Economics (Economics Network) Financial Intermediation in the New Europe: Banks, Markets and Regulation in EU Accession Countries (Donato Masciandaro (Ed.)) Regulating the Financial Sector in the Era of Globalization (Zuhayr Mikdashi) Regulating the Financial Sector in the Era of Globalization www.economicsnetwork.ac.uk /books/FinancialEconomics.htm   (2259 words)

Cato Institute - SourceWatch   (Site not responding. Last check: 2007-10-16) Cato's main philanthropic backing has come from the right-wing Koch, Lambe and Sarah Scaife foundations. But today, Cato "receives most of its financial support from entrepreneurs, securities and commodities traders, and corporations such as oil and gas companies, Federal Express, and Philip Morris that abhor government regulation." Financial firms now contributing generously to Cato include American Express, Chase Manhattan Bank, Chemical Bank, Citicorp/Citibank, Commonwealth Fund, Prudential Securities and Salomon Brothers. www.sourcewatch.org /index.php?title=Cato_Institute   (1064 words)

Financial Management Regulation: Office of the Under Secretary of Defense (Comptroller) Financial Management Regulation: Office of the Under Secretary of Defense (Comptroller) The DoD Financial Management Regulation (DoDFMR) is presented as Adobe Acrobat files. Note: For DoD personnel with specific entitlement and payment questions - Personal issues are to be resolved through the chain of command. www.defenselink.mil /comptroller/fmr   (180 words)

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