Globalisation of the Securities Market

THE GLOBALISATION OF THE SECURITIES MARKET ALAN CAMERON, AM CHAIRMAN AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION Seminar on the globalization of Securities ALLEN ALLEN & HEMSLEY Sydney 16 August 1999 2 Introduction International monetary market places nominate, over the work two decades, been transferred by a hail of key developments which, for regulators, have posed significant challenges to their traditional notions of jurisdiction, regulation and enforcement. The most far-famed of these developments is the rise of Electronic Commerce, catalysed by the globalisation of fiscal markets. E-commerce has start a fundamental restrictive issue of the advanced 90s due to the magnitude of financial transactions that argon now being conducted over the internet. To quantify this magnitude; the number of Australian households, with internet access has grown from 4 percent in 1996 to over 13 percent in late 1998, and over one third of households now own a home computer. The aim of this paper is to provide a plan overview of ASICs regulatory responses to these developments and outline some of its recent initiatives relating to the financial services industry.

This evening I will briefly wrangle: The Global Market; The growth of E-Commerce; Current international regulatory activity; Regional initiatives; and International enforcement. The Global Market The globalisation of the securities market is reflected in a number of ways including: 1. the growth of underwrite-border and cross exchange securities transactions; 2. the number of secondary listings of companies on abroad exchanges; 3. the emergence of multinational securities firms servicing the business from offices across the military personnel; and 4. the increasing number of strategic alliances and other connections between regulate financial markets in different parts of the world. The global financial market now crosses borders and jurisdictional zones, directly and via the Internet. Advances in... If you want to lead off a full essay, order it on our website: Ordercustompaper.com

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