evince
Truthmatters
you are a fucking liar wacko
study: human relationships as important as diet and exercize
- Thread starter evince
- Start date
you are a fucking liar wacko
cawacko
Well-known member
You hate non city folks
Cancel 2016.2
The Almighty
https://www.sec.gov/divisions/marketreg/tmcompliance/regulation_r_secg.htm
There are the rules retard... which would have prevented the crash?
Cancel 2016.2
The Almighty
https://www.sec.gov/divisions/marketreg/tmcompliance/regulation_r_secg.htm
There are the rules retard... which would have prevented the crash?
Cancel 2016.2
The Almighty
yes... but as usual...YOU don't understand what was written in the very article YOU posted.
The article is discussing the oversight of the big investment firms EUROPEAN holdings.
evince
Truthmatters
In 1999, the lawmakers adopted the Gramm-Leach-Bliley Act, which broke down the Depression-era restrictions between investment banks and commercial banks. As part of a political compromise, the law gave the commission the authority to regulate the securities and brokerage operations of the investment banks, but not their holding companies.
In 2002, the European Union threatened to impose its own rules on the foreign subsidiaries of the American investment banks. But there was a loophole: if the American companies were subject to the same kind of oversight as their European counterparts, then they would not be subject to the European rules. The loophole would require the commission to figure out a way to supervise the holding companies of the investment banks.
In 2004, at the urging of the investment banks, the commission adopted a voluntary program. In exchange for the relaxation of capital requirements by the commission, the banks agreed to submit to supervision of their holding companies by the agency
In 2002, the European Union threatened to impose its own rules on the foreign subsidiaries of the American investment banks. But there was a loophole: if the American companies were subject to the same kind of oversight as their European counterparts, then they would not be subject to the European rules. The loophole would require the commission to figure out a way to supervise the holding companies of the investment banks.
In 2004, at the urging of the investment banks, the commission adopted a voluntary program. In exchange for the relaxation of capital requirements by the commission, the banks agreed to submit to supervision of their holding companies by the agency