Page 14 - CAPE Financial Services Syllabus Macmillan_Neat

UNIT 1
MODULE 1: INTRODUCTION TO FINANCIAL PRODUCTS AND SERVICES (cont’d)

SPECIFIC OBJECTIVES CONTENT
Students should be able to:
11. explain how financial markets are Regulation of financial markets:

regulated; (a) Regulatory agencies:

12. *explain the functions of money; Securities and Exchange Commission
(SEC) United States of America;

(i) Specific financial regulatory

agencies in various Caribbean

territories, for example,

Financial Services

Commission;

(ii) Central Banks/Monetary
Authorities;

(iii) Basel Committee on Banking
Supervision; and,

(iv) Groups such as International
Association of Insurance
Supervisors.

(b) Types of regulations:
(i) capital requirements;
(ii) deposit insurance;

(iii) disclosure requirements;

(iv) prudential supervision (bank
examination and chartering;

(v) restrictions on assets and
activities;

(vi) limits on competition; and,

(vii) restrictions on interest rates.

Meaning of Money and its function:
(a) Varying meanings of money:

(i) currency;
(ii) wealth; and,
(iii) income.

CXC A38/U2/16 9