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SUPERVISION OF THE DERIVATIVE INSTRUMENTS MARKET IN SELECTED CEE COUNTRIES

Ekonomia i Prawo. Economics and Law

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Title Statement SUPERVISION OF THE DERIVATIVE INSTRUMENTS MARKET IN SELECTED CEE COUNTRIES
 
Added Entry - Uncontrolled Name Morawska, Hanna; Poznań University of Economics
 
Uncontrolled Index Term derivatives, supervision of the securities market, stock exchange
 
Summary, etc. The worldwide liberalisation of financial services is the reason of derivatives trading shifts from OTC to regulated markets. This process can encourage excessive-risk-taking behavior of investors, especially in emerging markets. Thus the proper structure and usage of supervisory instruments in derivatives markets comes into focus. This paper presents the solutions for derivatives exchanges' supervision in Central-European Countries. Since only 3 of them have an active financial derivatives exchange, this research concerns in particular the derivatives trading in Poland, Hungary and Romania. Studies carried out in this paper showed that the supervisory techniques for derivatives exchanges applied in these countries can be captured in a single model of supervision process. This possibility aroused due to the EU membership of selected countries and the corresponding obligations on European Community law implementation. That is why the total evaluation of supervisory- approach on different derivatives exchanges will be possible only after the conclusion of EU law implementation procedures.
 
Publication, Distribution, Etc. Uniwersytet Mikołaja Kopernika w Toruniu
2007-12-31 00:00:00
 
Electronic Location and Access application/pdf
http://www.apcz.pl/czasopisma/index.php/EiP/article/view/EiP.2007.014
 
Data Source Entry Ekonomia i Prawo. Economics and Law; Vol 3, No 1 (2007)
 
Language Note pl
 
Terms Governing Use and Reproduction Note Copyright (c) 2015 Ekonomia i Prawo. Economics and Law