Regulatory Finance

Financial Foundations of Rate of Return Regulation Howard E. Thompson. which prices are set in the product market by forces independent of the firm's ...

Author: Howard E. Thompson

Publisher: Springer Science & Business Media

ISBN: 9781461539483

Category: Business & Economics

Page: 243

View: 192

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This monograph is concerned with the determination of the allowed rate ofreturn in rate cases which, in part, determines the rates ofcharge to customers of public utilities. Rate of return determination has been a central topic in utility regulation for a century. Recent changes in the traditionally regulated markets - electricity, gas, and telephone - have shoved discussion of rate of return determination into the background, replacing it by technology changes, competition, downsizing, deregulation, and reg'ulatory incentive systems. These new issues have made the regula tory sector, which had the reputation of being stodgy and uninteresting, an exciting field ofstudy. But rate ofreturn is not dead. It will playa key role in whatever the new structure ofthe regulated sector. Separating generation from transmis sion and distribution will not eliminate the need for rate of return analysis in the electric utility industry. Rather, it may well increase the number of companies for which the rate of return needs to be determined. It will playa fundamental role in the new regulatory environment. Incentive systems in the regulated sector may be the wave of the future but they will use the required rate ofreturn as a benchmark. Rate case will persist. Most rate cases include opposing testimony as to the "fair" rate of return or even the cost ofcapital for a public utility whose rates are at issue.
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New Regulatory Finance

He holds a Bachelor of Engineering Physics degree and an MBA in Finance from
McGill University, Montreal, Canada, and ... He has published three widely used
treatises on regulatory finance, Utilities' Cost of Capital (Public Utilities Reports, ...

Author: Roger A. Morin

Publisher:

ISBN: 0910325057

Category: CD-ROMs

Page: 578

View: 899

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Financial Regulatory Harmonization and the Globalization of Finance

Convergence of financial regulation across jurisdictions has been considered, at times a precondition of market integration, at times a consequence, ...

Author: Cally Jordan

Publisher: World Bank Publications

ISBN:

Category: Finance

Page: 27

View: 908

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In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destabilizing effects of international financial markets, they have to strengthen financial regulation, importing international best practices and aligning domestic with foreign regulation, to avoid destabilizing phenomena of regulatory arbitrage. Jordan and Majnoni explore the main features of the ongoing process of worldwide financial regulatory convergence and the role played by the global dissemination of financial standards and codes. They analyze the reasons behind the generalized acceptance of international best practices and the limits of the standards and codes approach to financial regulatory harmonization. This paper--a joint product of the Financial Sector Operations and Policy Department and the Cofinancing and Project Finance Group, Legal Vice Presidency--is part of a larger effort in the Bank to study the impact of financial regulation on economic development.
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Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance

Furthermore, it explores recent developments in finance and financial markets ... The book explores financial environment, regulation and competitiveness, ...

Author: Olgu, Özlem

Publisher: IGI Global

ISBN: 9781466672895

Category: Business & Economics

Page: 433

View: 827

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The global financial crisis has called to attention the importance of financial development to economic growth as modern countries continue to struggle with debt, unemployment, and slow growth. However, a lack of agreement on how to define and measure financial development slows the development of global financial systems and markets. The Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance creates a common framework for not only identifying but discussing the key factors in establishing a strong global market and financial system. This book will be a valuable reference for those interested in an in-depth understanding of the financial markets and global finance, including academics, professionals, and government agencies and institutions.
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Regulatory Finance

This monograph is concerned with the determination of the allowed rate ofreturn in rate cases which, in part, determines the rates ofcharge to customers of public utilities.

Author: Howard E. Thompson

Publisher: Springer

ISBN: 146136762X

Category: Business & Economics

Page: 243

View: 850

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This monograph is concerned with the determination of the allowed rate ofreturn in rate cases which, in part, determines the rates ofcharge to customers of public utilities. Rate of return determination has been a central topic in utility regulation for a century. Recent changes in the traditionally regulated markets - electricity, gas, and telephone - have shoved discussion of rate of return determination into the background, replacing it by technology changes, competition, downsizing, deregulation, and reg'ulatory incentive systems. These new issues have made the regula tory sector, which had the reputation of being stodgy and uninteresting, an exciting field ofstudy. But rate ofreturn is not dead. It will playa key role in whatever the new structure ofthe regulated sector. Separating generation from transmis sion and distribution will not eliminate the need for rate of return analysis in the electric utility industry. Rather, it may well increase the number of companies for which the rate of return needs to be determined. It will playa fundamental role in the new regulatory environment. Incentive systems in the regulated sector may be the wave of the future but they will use the required rate ofreturn as a benchmark. Rate case will persist. Most rate cases include opposing testimony as to the "fair" rate of return or even the cost ofcapital for a public utility whose rates are at issue.
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H R 3703 The Housing Finance Regulatory Improvement Act

Committee on Banking and Financial Services. ... Mr. Chairman , that it may be appropriate to have common regulators for the three housing GSES .

Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises

Publisher:

ISBN: PURD:32754070161363

Category: Government-sponsored enterprises

Page:

View: 930

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Legal Regulatory and Governance Issues in Islamic Finance

As this guide will illustrate, despite legal and regulatory obstacles in many jurisdictions, contracts are offered based on Islamic financial principles, ...

Author: Rodney Wilson

Publisher: Edinburgh University Press

ISBN: 9780748655274

Category: Religion

Page: 256

View: 473

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A detailed examination of Islamic banking laws and regulatory systems governing Islamic finance worldwide
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The Role of Housing Markets Regulatory Frameworks and Local Government Finance

Minnesota School Finance: A Guide for Legislators. St. Paul, MN. Baca, Maria
Elena. 1997. “Eden Prairie Voters Pass Two School Bond Issues.” Star Tribune,
September 11, p. B2. Draper, Norman. 1997. “Construction Flaws Close Portable
 ...

Author:

Publisher:

ISBN: NWU:35556028283505

Category: City planning and redevelopment law

Page: 137

View: 113

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This four-part report is the first in a series of studies that address Twin Cities regional dynamics, using an integrated mix of statistical and cartographic analyses. The report examines the land use/transportation dynamic and its influence on metropolitan development in postwar U.S.; changes in housing supply, housing demand, and residential price movements between 1970 and 1990 in minor civil divisions (MCDs) within the seven-county metropolitan area and adjacent counties; a classification of state and local regulations that promote low-density development on the built-up metropolitan edge and beyond and that raise obstacles to cost-effective redevelopment in older settled areas near the cores of Minnesota's major urban centers; the changing profiles of taxation, intergovernmental revenue transfers, and expenditures by function for counties and MCDs within the Twin Cities region. Findings include the following: During the post-World War II era, the growth in vehicle miles traveled on the Twin Cities metropolitan highway system has significantly out paced growth in population; As income relocates outward from the metropolitan core, the demand for transportation increases on the edges; Sectoral housing market dynamics have contributed to outward expansion at lower densities; Low-density development often occurs because zoning regulations encourage or actively promote it; The regulatory framework that encourages low-density development and contributes to urban sprawl on the metropolitan edge also inhibits the development of affordable housing.
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Code of Federal Regulations

( 2 ) Direct finance and accounting requirements , systems , and functions ... ( 6 ) Execute statutory and regulatory financial reporting requirements and ...

Author:

Publisher:

ISBN: OSU:32437122881390

Category: Administrative law

Page:

View: 698

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Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
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Regulatory Compliance Manual

A trust and its trustee are considaction and therefore the $ 1,000 difference
beered to be the same person for purposes of tween the credit and cash prices (
the discount ) this regulation . is a finance charge . ( See the commentary to
sections ...

Author:

Publisher:

ISBN: UOM:39076001616163

Category: Bank loans

Page:

View: 706

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Reinventing Financial Regulation

Reinventing Financial Regulation offers an analysis of the fundamental flaws that plague the current system of financial regulation, one built around ideas of "risk-sensitivity" and "capital adequacy.

Author: Avinash Persaud

Publisher: Apress

ISBN: 9781430245582

Category: Business & Economics

Page: 276

View: 312

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Reinventing Financial Regulation offers an analysis of the fundamental flaws that plague the current system of financial regulation, one built around ideas of "risk-sensitivity" and "capital adequacy." Author Avinash Persaud argues that while some sensible reforms have been introduced, a fresh approach—centered on risk capacity—is required. When the entire regime is compromised, simply slapping bandages on each new wound will do nothing to cure the underlying disease. Reinventing Financial Regulation goes beyond an urgent call to fix our profoundly troubled and damaged financial markets. It is a blueprint for an effective financial regulation system that could very well save the future of finance. What would a well-regulated financial system look like? Until now, policymakers, financial experts, and leading academics have been content to avoid facing this question head–on. We have been offered piecemeal reforms that ultimately leave the global financial system exposed to different versions of the same risks that so recently brought it to its knees. The world economy literally cannot afford to dodge this question any longer. Persaud's goal to bring clarity and a powerful simplicity to the financial regulation process results in a systematic and apolitical framework for fixing the world's fractured financial industry and transforming its regulation—not just for today's financial climate, but once and for all.
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Financial Market Regulatory Reform

hearings before the Subcommittee on Telecommunications and Finance of the
Committee on Energy and Commerce, ... that deal with confidence and trust in
the marketplace are issues that the regulators, the SRO's, have to come to grips
with.

Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance

Publisher:

ISBN: PSU:000014998447

Category: Futures market

Page:

View: 327

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International Finance

This centralization was considered important for the effective functioning of the
markets as a price discovery mechanism , and much of the regulatory scheme
was directed at the proper reflection of price . In general , subject to certain
financial ...

Author: Hal S. Scott

Publisher:

ISBN: STANFORD:36105060363145

Category: Law

Page: 1323

View: 318

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This text on international finance contains three sections on international aspects of major domestic markets, instruments and offshore markets, and emerging markets and reform. There are also four infrastructure chapters woven throughout the three parts, covering capital, foreign exchange, the payment system, and clearance and settlement. This seventh edition covers recent changes in international finance, such as the liberalization of restrictions on the activities of US banking organizations, Japan's continuing struggle to modernize its financial system, and shifts in stock market competition within the US, Europe, and internationally. There are also two new chapters on the debt problem in emerging markets, and the new international financial architecture. Scott teaches international finance systems at Harvard Law School. Wellons is deputy director of the Program on International Financial Systems at Harvard Law School. c. Book News Inc.
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Journal of regulatory economics

Issues in Financial Regulation , McGraw - Hill , New York , NY . Eisenbeis , R .
1990 . “ Restructuring Banking : The Shadow Financial Regulatory Committee ' s
Program for Regulatory Reform . ” In G . G . Kaufman , ed . , Restructuring the ...

Author:

Publisher:

ISBN: UCAL:B4906859

Category:

Page:

View: 475

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Regulation of International Finance

This book covers the essential principles of the regulation of international finance.

Author: Philip R. Wood

Publisher:

ISBN: 0414044738

Category:

Page:

View: 388

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This book covers the essential principles of the regulation of international finance. The regulatory regimes of the UK, US and EU are considered in detail, alongside surveys of the regimes in 200 jurisdictions worldwide. The author sets out a comprehensive analysis of the history, development, principles and policies of financial regulation.
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Financial Stability Policy in the Euro Zone

Applying game-theoretical rigor to political economy interactions, Gundbert Scherf develops a model of time-inconsistent supervisory policy as well as international competition in regulatory standards.

Author: Gundbert Scherf

Publisher: Springer Science & Business Media

ISBN: 9783658009830

Category: Business & Economics

Page: 256

View: 827

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​Due to the lack of political salience that financial stability policy enjoys in tranquil economic times, this policy field lends itself particularly well to capture – the more so the more important the role of banks is in the financial system. Gundbert Scherf’s research focuses on this nexus between integrated banking, supranational monetary policy and national banking regulation. He finds that national level differences in financial systems and related institutions explain and drive variation in regulatory financial stability policy across countries.
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Global Finance in Crisis

From the vantage point of the key powers in global finance including the United States, the European Union, Japan, and China, this highly accessible book brings together leading scholars to examine current changes in international financial ...

Author: Eric Helleiner

Publisher: Routledge

ISBN: 9781135157616

Category: Business & Economics

Page: 216

View: 309

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From the vantage point of the key powers in global finance including the United States, the European Union, Japan, and China, this highly accessible book brings together leading scholars to examine current changes in international financial regulation. They assess whether the flurry of ambitious initiatives to improve and strengthen international financial regulation signals an important turning point in the regulation of global finance. The text: Examines the kinds of international reforms have been implemented to date and patterns of international regulatory change. Provides an analysis of change across a number of financial sectors, including the regulation of hedge funds, derivatives, credit rating agencies, accounting, and banks. Offers an explanation of contemporary regulatory developments with reference to inter-state power dynamics, domestic politics, transgovernmental networks, and/or transnational non-state forces. Providing the first systematic analysis of the international regulatory response to the current global financial crisis, this ground-breaking volume is vital reading for students and scholars of international political economy, international relations, global governance, finance and economics.
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Monthly Finance Review

International Regulatory Reform and New Financial Infrastructure in Asia Speech
Text by Takehiko Nakao Vice Minister of Finance for International Affairs, Japan
Asian Financial Forum in Hong Kong, Jan. 14, 2013 1. Introduction More than ...

Author:

Publisher:

ISBN: UCSD:31822040974941

Category: Economic indicators

Page:

View: 765

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