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Regulations of stock stockbrokers's acting towards his clients
Robek, Robert ; Čech, Petr (advisor) ; Horáček, Tomáš (referee)
1 Regulations of stockbroker's acting towards his clients Abstract The purpose of my thesis is to define and analyze a scope of regulation of securities broker's acting toward his clients. These rules are set up by European law and regulation, which was brought by three legal documents. First is Directive no. 2004/39/EC on markets in financial instrument, also called MiFID (Markets in Financial Instrument Directive). Second rule is implementing regulation of European Commission no. 1287/2006. Third rule is implementing directive of Commission no. 2006/73/EC. The first rule crates so called LEVEL 1 and the last two rules create LEVEL 2. Legal rules in Czech Republic are set up by reception of above mentioned European rules into the Czech act no. 256/2004 Sb. about business activities on capital markets and implementing publication no. 237/2008 Sb. These all legal documents bring wide range of regulations and inside of this regulation; the significant group is created by rules about protection of the clients, which are the subject of my analyses in the thesis. The thesis is composed of introduction chapter and seven specific chapters. In introduction are presented objectives and goals and structure of the thesis. In this chapter is defined the basic terminology and sources of the law. First chapter is focused...
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Anti-money laundering and combating the financing of terrorism measures by securities broker
Magdičová, Taťana ; Kotáb, Petr (advisor) ; Vybíral, Roman (referee)
Anti-money laundering and combating the financing of terrorism measures by securities broker Abstract The diploma thesis deals with the issue of money laundering and terrorist financing. The thesis is dedicated to this area, especially from the point of view of securities brokers, who has obligations to apply several measures to prevent money laundering and terrorist financing through this financial institution. The aim of the diploma thesis is to confirm or refute the hypothesis "Measures against money laundering and terrorist financing are sufficiently clear and effective in the practice of a securities broker". The diploma thesis also tries to reveal the pitfalls of the current legislation of selected AML / CFT measures. Scientific methods of description and analysis were chosen to achieve the set goal. In terms of structure, the work is divided into four chapters: 1) Definition of the law against money laundering and terrorist financing, 2) Client identification, 3) Client control and 4) Other selected AML / CFT obligations of the securities broker. In order to achieve the goal, the first chapter summarizes the issue of money laundering and terrorist financing in a relatively concise way. Due to the fact that the professional literature does not pay enough attention to the field of terrorist financing,...
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Investment opportunities of small investor on the capital market in CR and their comparison
BEŇOVÁ, Veronika
This bachelor thesis deals with investment possibilities of small investors in the capital market. The main aim of this thesis is to characterize these possibilities and compare them. With regard to a wide conception of this topic, the thesis focuses on stock investments at Czech stock exchanges via securities traders. For an investor to be successful doing business affairs, they should be familiar with the given issue in detail. Thus, first, the thesis characterizes financial market, capital market especially, theoretically. Then, stock market is described, as well as some investment instruments and strategies. The practical part deals with stocks in the Czech Republic, and based on their comparison a stock which is more suitable for small investors, is recommended. Further, the practical part deals with choosing the securities trader, three companies mediating stock business are introduced. Traders are compared based on given criteria, one of which is for instance the fees and company history on the market. Based on a multi-criterion evaluation the trader most suitable for a small investor is recommended.
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The audit of financial institutions
Dřizgová, Zuzana ; Kotáb, Petr (advisor) ; Kohajda, Michael (referee)
92 Abstract and keywords The audit of financial institutions The purpose of my thesis is to provide a comprehensive view on the issue of the audit of financial institutions. The main reason for my research is my personal interest in this area stemming from my contemporary occupation. Secondly, I would like to broaden a range of a few existing theses dealing with related topics by complex and especially legal point of view. The thesis is composed of four chapters, each of them dealing with the issue on different level of generalization and specialization. Chapter One is introductory and defines basic terminology used in the thesis: "audit" and "financial institutions". The chapter is subdivided into three parts. Part One describes audit, its aims and functions and explains important concept of materiality. Part Two deals with various understandings of the term "financial institutions". Part Three determines scope of the thesis and its structure. Chapter Two examines relevant Czech legislation, International Standards on Auditing and Code of Ethics. The chapter consists of eleven parts which focus on respective elements of audit regulation. Namely it investigates requirements for compulsory audit, eligibility of an auditor, rights and duties of an auditor with deeper focus on ethical imperatives (especially...
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Regulations of stock stockbrokers's acting towards his clients
Robek, Robert ; Čech, Petr (advisor) ; Horáček, Tomáš (referee)
1 Regulations of stockbroker's acting towards his clients Abstract The purpose of my thesis is to define and analyze a scope of regulation of securities broker's acting toward his clients. These rules are set up by European law and regulation, which was brought by three legal documents. First is Directive no. 2004/39/EC on markets in financial instrument, also called MiFID (Markets in Financial Instrument Directive). Second rule is implementing regulation of European Commission no. 1287/2006. Third rule is implementing directive of Commission no. 2006/73/EC. The first rule crates so called LEVEL 1 and the last two rules create LEVEL 2. Legal rules in Czech Republic are set up by reception of above mentioned European rules into the Czech act no. 256/2004 Sb. about business activities on capital markets and implementing publication no. 237/2008 Sb. These all legal documents bring wide range of regulations and inside of this regulation; the significant group is created by rules about protection of the clients, which are the subject of my analyses in the thesis. The thesis is composed of introduction chapter and seven specific chapters. In introduction are presented objectives and goals and structure of the thesis. In this chapter is defined the basic terminology and sources of the law. First chapter is focused...
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Modern structured products for retail investors in the Slovak Republic
Kompanová, Eliška ; Veselá, Jitka (advisor) ; Hoffman, Andrej (referee)
This bachelor thesis concerns with the structered products, especially with investment certificates, warrants and ETF. The first chapter defines basic characteristics of each product, distributions to groups, advantages and risks conected with trading and ways of trading itself. In connection with this, it explains possible investment strategies and rules applied when trading. The second part is devoted to analysis of slovak market with chosen instruments, traders with securities, their politics of fees and pointing out differences with the Czech Republic. The main goal of this paper is to provide theoretical and practical view of trading of structured products in conditions of developing market in the Slovak Republic and to compare differences between slovak and czech market in trading of these products.
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Current possibilites of online trading on stock exchanges
Koníček, Tomáš ; Votava, Libor (advisor) ; Diviš, Roman (referee)
The aim of the Bachelor thesis is to clarify which investment attributes are important to retail investor during his process of choosing brokerage provider. Theoretical part of the thesis introduces brief history of investing, primarly shares investing, and also tries to clarify motivation factors of people who decide to invest. Practical part compares current situation of online brokerage houses in Czech Republic, then it deals with defining model investors based on outcome of research done by brokerjet České spořitelny, a.s. on its customer base.
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Aplikace Basel II na obchodníka s cennými papíry
Hlubik, Miroslav ; Musílek, Petr (advisor) ; Veselá, Jitka (referee)
Mezi jedno z nejvíce diskutovaných témat posledních roků týkající se regulace finančních institucí bezpochyby patří Basel II. Konceptu Basel II v spojení s bankami se v posledních letech věnovalo mnoho článků a publikací. Málo se však psalo o dopadech této Nové basilejské dohody na obchodníky s cennými papíry. Právě to bude hlavním cílem této práce. Na úvod budou shrnuty důvody a význam regulace obchodníků s cennými papíry a její vývoj v České republice. Dále bude následovat vymezení finančních rizik a způsob jejich řízení. Komplexní řízení rizik obchodníka s cennými papíry je v současnosti založeno především na sledování kapitálové přiměřenosti. Basel II umožňuje používat základní i speciální přístupy pro její výpočet. Obchodníci s cennými papíry si pravděpodobně nebudou moci dovolit implementovat speciální přístupy. Základní přístupy jsou však přísné a pro mnoho obchodníků to může znamenat výrazné zvýšení kapitálových požadavků.
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An internal audit in the securities trader
Fenstererová, Klára ; Dvořáček, Jiří (advisor) ; Kafka, Tomáš (referee)
First part of this thesis content basic information about an audit, its history and present, relation between internal and external audit, an internal audit and its function, an Internal Auditor. Separate part is applied to risk management. Second part of this thesis characterize a company, the securities trader, present specifics of an internal audit and risk management in this company and briefly clarify a conception of a capital adequacy. Further describe execution of an internal audit and risk management, judge their benefits for the company and content suggestions for more efficient execution and usage of an internal audit and risk management.
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