Demutualization of Stock Exchanges: Problems, Solutions and Case Studies
Akhtar, Shamshad | June 2002
Abstract
Demutualization of a stock exchange is entire process by which a non-profit member-owned mutual organization is transformed into a forprofit shareholder corporation. Exchanges around the world have been demutualizing because of international competition and technological challenges to traditional modes of trading securities. The change of a stock exchange from a member-owned organization to a for-profit shareholder corporation triggers a number of questions about regulatory oversight. When a demutualized exchange is listed on its own board, some regulatory oversight needs to be transferred to a government regulator. In many countries, demutualization of the major national stock exchange has been accompanied by general securities regulatory reform.
Citation
Akhtar, Shamshad. 2002. Demutualization of Stock Exchanges: Problems, Solutions and Case Studies. © Asian Development Bank. http://hdl.handle.net/11540/6137.Print ISBN
971-561-475-2
Keywords
Trade Finance
Rural Finance
Regional Development Finance
Public Financial Management
Public Finance
International Finance
Intergovernmental Finance
Financial System
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Citable URI
http://hdl.handle.net/11540/6137Metadata
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