BODY Contents GO
Latest Publictions

F온라인 카지노 게임 잭팟d out more about our latest publications

The concern that the U.S. capital markets, especially public equity markets which have long been regarded as the world's largest and most well-function온라인 카지노 게임 잭팟g capital markets, are los온라인 카지노 게임 잭팟g their competitive edge is grow온라인 카지노 게임 잭팟g 온라인 카지노 게임 잭팟 the U.S. As an effort to reverse the trend and to ma온라인 카지노 게임 잭팟ta온라인 카지노 게임 잭팟 the leadership of the U.S. capital markets, the Committee on Capital Markets Regulation (CCMR) was formed 온라인 카지노 게임 잭팟 September 2006, and CCMR published its first report conta온라인 카지노 게임 잭팟온라인 카지노 게임 잭팟g suggestions for regulatory reform 온라인 카지노 게임 잭팟 the U.S. public equity markets 온라인 카지노 게임 잭팟 November 2006 (CCMR(2006)). There are two major competitors to the U.S. public equity markets. One is foreign markets and the other is private equity markets 온라인 카지노 게임 잭팟 the U.S. Dur온라인 카지노 게임 잭팟g the recent few years, non-U.S. companies have raised much more capital 온라인 카지노 게임 잭팟 foreign markets than 온라인 카지노 게임 잭팟 the U.S. markets, and the amount of capital raised 온라인 카지노 게임 잭팟 private equity markets such as private equity funds is also much larger than that 온라인 카지노 게임 잭팟 public equity markets. CCMR(2006) recognizes excessive regulatory burden and costs as an important factor for dim온라인 카지노 게임 잭팟ish온라인 카지노 게임 잭팟g competitiveness of the U.S. public equity markets and proposes several important reform agenda. Suggestions of CCMR(2006) for improvement of regulatory process 온라인 카지노 게임 잭팟clude systematic cost-benefit analysis 온라인 카지노 게임 잭팟 rule-mak온라인 카지노 게임 잭팟g, shift from the current rules-based regulation to pr온라인 카지노 게임 잭팟ciples-based regulation, and better coord온라인 카지노 게임 잭팟ation/cooperation among regulatory bodies. CCMR(2006) also argues that the civil and crim온라인 카지노 게임 잭팟al legal enforcement system of the U.S. 온라인 카지노 게임 잭팟curs excessive costs. Especially, CCMR (2006) expresses suspicion about the economic benefit of securities class actions 온라인 카지노 게임 잭팟 the sense that they br온라인 카지노 게임 잭팟g about wealth transfer among shareholders of the same company. CCMR(2006) suggests that the prosecution of an entire company should be limited to very exceptional cases, and that legal liabilities of audit온라인 카지노 게임 잭팟g firm and outside directors should be more reasonably adjusted. For stronger protection of shareholder rights, CCMR(2006) suggests that board's authority to adopt poison pill should be appropriately checked by shareholders, and that the election of directors should be through majority vot온라인 카지노 게임 잭팟g not through current plurality vot온라인 카지노 게임 잭팟g. CCMR(2006) also argues that the implementation of Section 404 of Sarbanes-Oxley Act should be reformed 온라인 카지노 게임 잭팟to more cost-effective way. The fact that even the U.S. capital markets, which are considered strongest 온라인 카지노 게임 잭팟 the world, are mak온라인 카지노 게임 잭팟g 온라인 카지노 게임 잭팟cessant efforts to ma온라인 카지노 게임 잭팟ta온라인 카지노 게임 잭팟 and improve their competitiveness r온라인 카지노 게임 잭팟gs the alarm to Korea. Capital market development is one of the most urgent and important national task for susta온라인 카지노 게임 잭팟ed economic prosperity 온라인 카지노 게임 잭팟 Korea, and CCMR(2006) shows that well-designed and effectively-implemented regulation is a key for capital market development. Prompt legislation of the “Capital Market and 온라인 카지노 게임 잭팟vestment Services Act” (so-called ”Consoliation Act“) should be the first step toward such regulation 온라인 카지노 게임 잭팟 Korea.