The Role of Chris Brummer in Implementation of Financial and Security Regulation
Financial and Securities Regulation is a branch of law which deals with money transactions. Examples of financial transactions that the two handles comprise of the banking industry, enterprises, and insurance companies.The Securities and Exchange Commission (SEC) enforces the financial and securities law as well as investigating firms when financial audit shows discrepancies. More so, SEC looks into the stock market matters. In this regard, SEC calls for all entrepreneurs to act per these financial and security principles.
Chris Brummer is a well-known specialist who deals with both international and local finance and security regulations.He has been in the forefront advocating for implementation of these regulations. Since he was appointed to the U.S. Commodity Futures Trading Commission by the White House ten years ago, Chris Brummer has been concentrating on the effects of the China’s currency in the international financial system. Brummer’s tenure at the Financial Industry Regulatory Authority (FINRA) did not end without recognition of his great contribution.
The economic dynamics globally shape the economies and their stability. Therefore, renowned financial and security leaders unite to control its effects on the world.The good thing about regulating securities is that it has been able to control the effects of outside forces to the financial market as well as guarding the economy. The budgetary unions are the primary determinants of the trade balances and how a state performs in a specific economic block. With the help of Chris Brummer, United States has significantly learned a lot from the China’s budget.The common BREXIT, for instance, happened when British felt insecure due to its unstable economy which they described as violation of their financial market.
Some examples of securities are like the shares, pledges, investment treaties and mineral rights. In this regard, businesses buy and sell securities by either issuer transaction or trading transactions. Even if the nationwide and the local principles call for security laws to be enforced and request entrepreneurs to list their businesses, they also banned them from conducting illegal businesses.As a result, Prof Brummer elaborates on the significance of securities regulation in controlling misconduct and economic sabotage.
Finally, looking at the GDP and the labor force, we can say that financial principles are a significant determinant to world’s economy whereby it has raised it considerably.How the country grows and develops is also determined by these regulations in addition to determining the rate of employment. Chris Brummer talks about this subject in his writings.Financial and securities principles try to bridge the gap it creates when it distinguishes private and public assets.The beauty of financial and security regulation is that they continue to be relevant and when followed they would change the world’s economy in great ways.