Suchergebnisse

The recent global financial crisis has highlighted the need to re-examine the connections between financial markets, institutions and their regulations. The New Zealand Government had passed the Financial Service Providers (Registration and Dispute Resolution) Act and the Financial Advisers Act into law in 2008. Under the new legislation regime, only AFAs (Authorised Financial Advisers) can provide wide range financial service after 1st July 2011. This article will go through the process of change and the details of new legislation of AFA; and provide the picture of New Zealand financial adviser regulation reform.

This paper examines the flow of international investment into the United States between 1998 and 2004. The impetus behind the paper was to examine the possible impact the terrorist act of September II, 2001 (often alluded to as 9/11) may have had on foreign direct investment into the United States (defined as inward FDI). The data is reported both annually and quarterly. First, the annual data between 1998-2004 is reviewed. In looking at significant differences between the two periods, quarterly data is examined, as annual aggregation would lead to too few data points. Inward FDI is reported by the Bureau of Economic Analysis by region and then by individual country. The quarter of 9/11/2001 is omitted as being the event defining quarter. In the dataset collected, there are 13 quarters pre- and post- the event quarter. At first glance, the world seems to have definitely lowered its FDI into the United States. However, further examination reveals that except for France, no other country shows a significant reduction in its investments into the United States post- 9/11, compared to their average investments pre- 9/11.