Figuring Out Regulations
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. Some of the commercial dealings that they cover consist of enterprises, investment, and insurance firms’ services. These laws are administered by the Securities and Exchange Commission abbreviated as SEC, which also investigates companies that indicate inconsistencies in its audit report. Moreover, SEC handles all stock market dealings.As such, business owners are required to adhere to these financial and securities regulations fully.
Professor Chris Brummer is a renowned scholar and a guru in international finance and securities regulation. He features in the news and he is a great asset to many commerce forums. The White House appointed Chris Brummer to the U.S. Commodity Futures Trading Commission where he focuses on the implications of the world financial system with the empowerment of the currency of China within a decade now. Having served in the Financial Industry Regulatory Authority, Brummer has made significant changes which cannot be overlooked.
The world’s economy and its steadiness solely depend on the changes of budgetary aspects. As such, the international trade faces regulation by the economic giants who determine the currency. Both financial and security laws have been able to regulate the influences of external pressure to a market and lays down the values and ethics to safeguard the state’s budget.The budgetary unions are the primary determinants of the trade balances and how a state performs in a specific economic block. Chris Brummer compares the U.S. and China’s currency with a lot of concern, and he has been able to advocate for changes which cannot be ignored. For instance, the famous BREXIT arose from a feeling of insecurity resulting from an imbalance that British felt like an infringement to their economy.
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. Although both the federal and state laws empower the securities regulations and demand registration of every investor and the assets, and they also forbid fraud and scams. Thus Chris Brummer decided to take up the work of teaching people on the impacts of having financial and security principles since they regulate crime as well as reducing economic disturbances.
Lastly, financial laws have significantly contributed to the GDP and the human resource hence raising the economy. It also influences the rate of economic growth and development and the rate of employment in any country. Chris Brummer addresses this issue of great concern in his various books. Financial and securities regulations create a balance between the public ownership of property and private control to strike a balance in the market. 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.