the global financial systemthe global financial system
TRANSCRIPT
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The Global Financial SystemThe Global Financial System
20th Annual Hyman P. Minsky Conference on the State of the US and World Economies
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The Global Fi i lFinancial System
World Population
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Coordinating Bodies
CoordinatingBodiesThe Global
F lRegulatoryMechanisms Treaties and
Shadow Regulatory
System
Public Regulatory
System
Financial System
Mechanisms
Fiscal
Agreements
y
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
CustomersWorld
Population
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Bank forBank forBank forCoordinatingB di Bank for
International Settlements
Bank for International Settlements
Bank for International Settlements
BodiesCoordinator
G20Financial
Enforcer
Coordinating G20 Stability
Board
gBodies
OECDIMFIMF
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Coordinating Bodies
Coordinating Bodies
RegulatoryMechanisms Treaties and
Shadow Regulatory
System
Public Regulatory
System
Mechanisms
Fiscal
Agreements
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
Customers
World Population
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Public RegulatoryRegulatory System The Fed
European Financial Services
Public Regulator
EnforcerPublic
R l tCentral Bank
Services Authority
(UK)
SEC /Commodities and Futures
Exchange Commission
RegulatorySystemCommission
WTO (GATS)
National Financial
Regulatory Authorities
SystemAuthorities
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ShadowRegulatoryRegulatorySystem Credit
Intl Organization of Securities
Commissions
Rating Agencies
Shadow Regulator IntlAccounting Standards Intl
Shadow RegulatoryStandards
Board Federation of Accountants
l
RegulatorySystem
World Federation of
Exchanges
Intl Association of
Insurance Supervisors
System
Exchanges Supervisors
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Treaties and AgreementsAgreements Bilateral
Trade and Investment
T tiTreaties and Agreements
Treaties
Chiang Mai Initiative I t ti l
Treaties and Initiative International
Arbitration Tribunals
Agreements Export Credit
Agencies g
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Coordinating Bodies
Coordinating Bodies
RegulatoryMechanisms Treaties and
Shadow Regulatory
System
Public Regulatory
System
Mechanisms
Fiscal
Agreements
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
Customers
World Population
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Private Financial Institutions
Financial InstrumentsVentureInstitutions
Private Financial Institution
Instruments
Insurance Companies
Venture Capital
Agencies
Enabling Institution
Banking
Companies Law
FirmsPrivate
FinancialBanking System
Hedge/Mutual/
Private Equity FundsAccounting
Fi
Financial Institutions
Pension Funds Structured
CreditCard
Companies
Firms
Funds Investment
Vehicles
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Public Financial InstitutionsInstitutions
Public Financial Institution
World Bank
Emerging Player National Central Banks
Regional Development
Banks
Public FinancialBanks Banks
VentureCapital
Agencies
Financial Institutions
South Bank
Sovereign Wealth Funds
Public Banks
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CorporationsCorporations participate in the workings of the global financial system by:
o Offering and trading shares through securities markets
o Issuing corporate debtsCorporationso Issuing corporate debts
o Making / receiving loans and payments
o Entering into mergers and acquisitions
Corporations g g q
o Investing and hedging through multiple financial vehicles and instruments
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Markets NASDAQ
Stock Exchange NYSEIndia
ChicagoNASDAQ
Commodity ExchangeIndia
Singapore
TokyoCommodity Exchange CME
GroupNYSE
EuronextMarketsg p
Sao Paolo
Dalian Commodity Exchange
MultiCommodity Exchange Inter-
Continental
LondonMarkets
Hong Shanghai
ContinentalExchange
Frankfurt
ParisKong
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Coordinating Bodies
CoordinatingBodies
RegulatoryMechanisms Treaties and
Shadow Regulatory
System
Public Regulatory
System
Mechanisms
Fiscal
Agreements
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
Customers
World Population
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WorldWorld Population
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The Global Fi i lFinancial System
World Population