Capital markets and e-fraud: policy note and concept paper for future study

The technological dependency of securities exchanges on internet-based (IP) platforms has dramatically increased the industry's exposure to reputation, market, and operational risks. In addition, the convergence of several innovations in the market are adding stress to these systems. These inno...

Full description

Saved in:  
Bibliographic Details
Main Author: Kellermann, Tom (Author)
Contributors: McNevin, Valerie
Format: Electronic Book
Language:English
Online Access: Volltext (kostenfrei)
Check availability: HBZ Gateway
Keywords:

MARC

LEADER 00000cam a22000002c 4500
001 1866334743
003 DE-627
005 20250207054834.0
007 cr uuu---uuuuu
008 231019nuuuuuuuuxx |||||o 00| ||eng c
035 |a (DE-627)1866334743 
035 |a (DE-599)KXP1866334743 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 2,1  |2 ssgn 
100 1 |a Kellermann, Tom  |e VerfasserIn  |4 aut 
245 1 0 |a Capital markets and e-fraud: policy note and concept paper for future study 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
520 |a The technological dependency of securities exchanges on internet-based (IP) platforms has dramatically increased the industry's exposure to reputation, market, and operational risks. In addition, the convergence of several innovations in the market are adding stress to these systems. These innovations affect everything from software to system design and architecture. These include the use of XML (extensible markup language) as the industry IP language, STP or straight through processing of data, pervasive or diffuse computing and grid computing, as well as the increased use of Internet and wireless. The fraud is not new, rather, the magnitude and speed by which fraud can be committed has grown exponentially due to the convergence of once private networks on-line. It is imperative that senior management of securities markets and brokerage houses be properly informed of the negative externalities associated with e-brokerage and the possible critical points of failure that exist in today's digitized financial sector as they grow into tomorrow's exchanges. The overwhelming issue regarding e-finance is to determine the true level of understanding that senior management has about on-line platforms, including the inherent risks and the depth of the need to use it wisely. Kellermann and McNevin attempt to highlight the various risks that have been magnified by the increasing digitalization of processes within the brokerage arena and explain the need for concerted research and analysis of these as well as the profound consequences that may entail without proper planning. An effective legal, regulatory, and enforcement framework is essential for creating the right incentive structure for market participants. The legal and regulatory framework should focus on the improvement of internal monitoring of risks and vulnerabilities, greater information sharing about these risks and vulnerabilities, education and training on the care and use of these technologies, and better reporting of risks and responses. Public/private partnerships and collaborations also are needed to create an electronic commerce (e-commerce) environment that is safe and sound.Environmental Economics&Policies,Insurance&Risk Mitigation,Financial Intermediation,ICT Policy and Strategies,Banks&Banking Reform 
650 4 |a Research 
700 1 |a McNevin, Valerie  |e VerfasserIn  |4 aut 
856 4 0 |u https://core.ac.uk/download/pdf/6645091.pdf  |x Verlag  |z kostenfrei  |3 Volltext 
935 |a mkri 
951 |a BO 
ELC |a 1 
LOK |0 000 xxxxxcx a22 zn 4500 
LOK |0 001 4392980472 
LOK |0 003 DE-627 
LOK |0 004 1866334743 
LOK |0 005 20231019043711 
LOK |0 008 231019||||||||||||||||ger||||||| 
LOK |0 035   |a (DE-2619)CORE2712893 
LOK |0 040   |a DE-2619  |c DE-627  |d DE-2619 
LOK |0 092   |o n 
LOK |0 852   |a DE-2619 
LOK |0 852 1  |9 00 
LOK |0 935   |a core 
OAS |a 1 
ORI |a SA-MARC-krimdoka001.raw