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Institutional arrangement of regulation and supervision of the financial market in the Czech Republic
Líkař, Jan ; Dupáková, Lenka (advisor) ; Čihák, Jakub (referee)
1 Institutional arrangement of regulation and supervision of the financial market in the Czech Republic Abstract The diploma thesis analyzes institutional arrangement of regulation and supervision of the financial market in the Czech Republic, it aims to compare the arrangement with theoretical concepts, models, as well as development abroad. The thesis is structured into five sections. The first section defines the most important concepts, describes the rationale and objectives of financial markets regulation and adds a short exposition regarding the scope of regulation, proportionality and regulatory failure. The rationale is primarily approached through the lens of market failure, which is then supplemented by description of financial market specifics, which could also give a reason for regulation. The objectives are primarily described in relation to the policies used to achieve them. The second section presents the theoretical concepts of institutional arrangement, different approaches to it, and select models. The thesis distinguishes vertical and horizontal view of institutional arrangement, and within the latter, institutional, functional, objective-based, and unified approaches. The thesis also deals with related issues, such as the role of the central bank, questions of supervisors' independence...
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Management and administration of investment funds
Kędzior, Marek ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
Management and administration of investment funds. The purpose of this thesis is to comprehensively present a legal regulation of management and administration of investment funds in the Czech Republic. The thesis is divided into five chapters. The first chapter deals with the material scope of Act on Investment Companies and Investment Funds. Purpose of this chapter is to determine, in relation to which activities apply the regulation of management and administration of investment funds pursuant to the Act on Investment Companies and Investment Funds. The second chapter is dedicated to the management of investment funds. The aim of this chapter is to define the management of investment funds, Management Company and the rules for the performance of its activities. The third chapter is dedicated to the administration of investment funds. The aim of the third chapter is to define the administration of investment funds, administrator and rules for the performance of its activities. The fourth chapter briefly discusses the depositary when the aim of this chapter is to define its position in relation to the management and administration of investment funds. The fifth and final chapter briefly deals with the Prime broker, when it also analysis the definition of its position in relation to the management...
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Legal Regulation of Prudential Rules in Financial Market Area
Čížek, Bedřich ; Bakeš, Milan (advisor) ; Marková, Hana (referee) ; Dřevínek, Karel (referee)
Univerzita Karlova v Praze Právnická fakulta Disertační práce Právní úprava obezřetnostních pravidel v oblasti finančního trhu (Legal Regulation of Prudential Rules in Financial Market Area) JUDr. Bedřich Čížek Summary: The main objective of this thesis is to provide a comprehensive and systematic view of prudential rules in the selected area of financial market regulation with an emphasis on critical reflection of the various legal institutes and intersectional comparison of the relevant legal rules. Particular questions that this thesis attempts to answer within it's main goal are: (i) what is the essence of prudential rules in the financial market regulation (quid juris?) and (ii) whether current prudential rules in the Czech legal system meet the criteria required by legal theory on the form and the content of legislation and on the rational configuration of the legal system. The thesis also includes constructive criticism of examined issues, particularly in terms of the accuracy of the transposition of the relevant EU legislation, legal certainty of transposed provisions regarding its' recipients and the efficiency of the current legislation when designing prudential rules in question, and includes several recommendations de lege ferenda as well. The outcome of this thesis is a systematic,...
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Commission and financial market
Macura, Marek ; Smrčka, Luboš (advisor) ; Zámečník, Petr (referee)
This thesis deals with the financial market intermediation and distribution on the financial market. By using situational analysis reveals connections and principles of the functioning of financial intermediation and focuses on the role of financial market regulation and commission fees. Thesis is analyzing the effects of changes in commission system and impact to different distribution models.
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Institutional Framework of the Financial Market and Regulatory Issue
Jurošková, Lenka ; Pošta, Vít (advisor) ; Půlpánová, Stanislava (referee)
The first aim of this thesis is to tackle the deficiencies within the system of financial regulation. Furthermore, it aims to assess the submitted and even the already adopted proposals. The aims cannot be achieved without an analysis of the causes of the global financial crisis 2007-2009, because it helps to understand a range of deficiencies in the system of financial regulation. A global financial crisis of that magnitude cannot be traced to a single cause but was instead the result of multiple interconnected causes, which are examined at the macroeconomic as well as microeconomic level.
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Financial market regulation in the EU and the USA after the financial crisis
Nováková, Jana ; Jílek, Josef (advisor) ; Mládek, Josef (referee)
The aim of this thesis is to do an in-depth research into the development of regulation and supervision over the financial and bank markets in the European Union and the USA at the time of the ongoing financial crisis. The first part deals with general theoretical attitudes and targets of regulation and supervision over financial markets. Furthermore, it focuses on the effects of the financial crisis and the problems faced by European as well as American banking institutions and on the rescue measures taken by national governments. The second part presents a comprehensive view on the individual steps and regulating propositions taken by the EU and USA. In the main, it describes the regulation reform and the new architecture of the supervising system over the financial sector. The conclusion of this work is a summary of the acquired knowledge about the regulation reform and the supervision over the financial sector and its objective is to evaluate the impact on the world economy produced by this reform.
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