Capital market
From Wikipedia, the free encyclopedia
The capital market is the market for securities, where companies and governments can raise longterm funds. It is a market in which money is lent for periods longer than a year. [1] The capital market includes the stock market and the bond market. Financial regulators, such as the U.S. Securities and Exchange Commission (SEC), oversee the capital markets in their designated countries to ensure that investors are protected against fraud.
The capital markets consist of the primary market and the secondary market. The primary markets are where new stock and bonds issues are sold (underwriting) to investors. The secondary markets are where existing securities are sold and bought from one investor or speculator to another, usually on an exchange (e.g. the New York Stock Exchange).
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[edit] Regulatory authorities
- See main article List of financial regulatory authorities by country
- Australian Securities and Investments Commission, (Australia);
- Financial Supervision Commission, (Bulgaria);
- Canadian Securities Administrators, (Canada);
- Financial Supervision Authority, (Finland);
- Autorité des marchés financiers, (France);
- Bundesanstalt für Finanzdienstleistungsaufsicht, (Germany);
- Securities and Futures Commission, (Hong Kong);
- Securities and Exchange Board of India, (India).
- Financial Services Authority , (United Kingdom);
- Dubai International Financial Centre, (United Arab Emitates);
[edit] See also
[edit] References
- ^ Sullivan, arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River,: Pearson Prentice Hall. pp. 283. ISBN 0-13-063085-3. http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4.
