Regulators, Exchanges and Industry Organizations
Job opportunities in financial services also include the various governmental agencies and industry organizations that regulate the industry, as well as the securities exchanges.
Regulation
Regulation of the financial services industry is highly complicated, involving a variety of federal and state agencies. In many cases, a particular financial services firm may be responsible to several of these agencies, which have independent agendas. Here is a summary of financial regulation.
Regulation of the financial services industry is highly complicated, involving a variety of federal and state agencies. In many cases, a particular financial services firm may be responsible to several of these agencies, which have independent agendas. Here is a summary of financial regulation.
Barter Exchanges
Barter exchanges facilitate complex multiparty bartering arrangements, which go beyond simple bilateral deals.
Barter exchanges facilitate complex multiparty bartering arrangements, which go beyond simple bilateral deals.
DTCC
The Depository Trust & Clearing Corporation (DTCC) provides clearing, settlement and information services to the securities industry. It has largely replaced the need for physical securities certificates with centralized databases tracking the ownership of securities, thereby increasing the efficiency of securities trading and record keeping.
The Depository Trust & Clearing Corporation (DTCC) provides clearing, settlement and information services to the securities industry. It has largely replaced the need for physical securities certificates with centralized databases tracking the ownership of securities, thereby increasing the efficiency of securities trading and record keeping.
FDIC
The Federal Deposit Insurance Corporation, or FDIC, is the principal banking regulator in the U.S., and has varied employment opportunities, including internships, for those with expertise in finance, accounting, economics, law or information technology.
The Federal Deposit Insurance Corporation, or FDIC, is the principal banking regulator in the U.S., and has varied employment opportunities, including internships, for those with expertise in finance, accounting, economics, law or information technology.
The Federal Reserve
The Federal Reserve has broad regulatory powers over the banking system and the financial markets in the U.S. Those considering careers in the financial sector might investigate job openings at the Fed.
The Federal Reserve has broad regulatory powers over the banking system and the financial markets in the U.S. Those considering careers in the financial sector might investigate job openings at the Fed.
Ginnie Mae
Ginnie Mae is a corporation wholly owned by the federal government. Its role is to insure timely payment of principal and interest on federally insured or guaranteed mortgages that have been bundled into mortgage backed securities by approved financial firms.
Ginnie Mae is a corporation wholly owned by the federal government. Its role is to insure timely payment of principal and interest on federally insured or guaranteed mortgages that have been bundled into mortgage backed securities by approved financial firms.
NASDAQ
NASDAQ and the New York Stock Exchange are the two principal trading venues for equity securities (stocks) in the U.S.
NASDAQ and the New York Stock Exchange are the two principal trading venues for equity securities (stocks) in the U.S.
New York Stock Exchange
The New York Stock Exchange (NYSE) is the oldest and most prestigious securities market in the U.S., traditionally the trading venue of choice for the largest U.S. corporations, as well as for growing numbers of leading foreign companies.
The New York Stock Exchange (NYSE) is the oldest and most prestigious securities market in the U.S., traditionally the trading venue of choice for the largest U.S. corporations, as well as for growing numbers of leading foreign companies.
OTS
The OTS, or Office of Thrift Supervision, is the federal agency that regulates thrifts and savings associations. The OTS seeks recent college graduates for entry-level positions as bank examiners.
The OTS, or Office of Thrift Supervision, is the federal agency that regulates thrifts and savings associations. The OTS seeks recent college graduates for entry-level positions as bank examiners.
Securities and Exchange Commission
The Securities and Exchange Commission (the SEC), a department of the federal government, is the principal regulatory body for the securities markets in the U.S.
The Securities and Exchange Commission (the SEC), a department of the federal government, is the principal regulatory body for the securities markets in the U.S.
SIPC
The Securities Investor Protection Corporation, or SIPC, reimburses investors whose brokerage firm has become insolvent.
The Securities Investor Protection Corporation, or SIPC, reimburses investors whose brokerage firm has become insolvent.
Treasury Department
The Treasury Department plays a central role both within the federal government and within the U.S. economy as a whole. Its operations include tax collection, debt management, bank regulation, currency and coinage, financial management for the federal government, and advising on economic and financial policy.
The Treasury Department plays a central role both within the federal government and within the U.S. economy as a whole. Its operations include tax collection, debt management, bank regulation, currency and coinage, financial management for the federal government, and advising on economic and financial policy.