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What are Derivatives ?
 
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An introduction to Derivatives.
Views: 923602 graphitishow
OTC Derivatives A Comparative Analysis of Regulation in US, EU and Singapore
 
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OTC Derivatives A Comparative Analysis of Regulation in US, EU and Singapore training by Vamsidhar Ambatipudi
Roger E. A. Farmer: Derivative Market Regulation
 
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The derivatives market should be more carefully regulated, but not banned because well-developed financial institutions are important to economic growth, says Roger E. A. Farmer. This Carnegie Council event took place on April 28, 2010. For the full video, audio, and transcript go to http://www.cceia.org
Derivatives: Crash Course Physics #2
 
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CALCULUS! Today we take our first steps into the language of Physics; mathematics. Every branch of science has its own way to describe the things that it investigates. And, with Physics, that's math. In this episode, Shini talks us through derivatives and how calculus helps us to understand the world around us. -- Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios https://pv.webbyawards.com/2016/online-film-video/video-channels-and-networks/science-education -- Want to find Crash Course elsewhere on the internet? Facebook - https://www.facebook.com/YouTubeCrashCourse/ Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com CC Kids: http://www.youtube.com/crashcoursekids Support CrashCourse on Patreon: http://www.patreon.com/crashcourse
Views: 978874 CrashCourse
A Looming Financial Crisis? | A Conversation On Unregulated Derivatives
 
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Ten years after the unregulated derivatives market helped trigger a global financial crisis, University of Maryland Law Professor Michael Greenberger discusses his new INET research on how American banks continue to systematically evade derivatives regulation, putting the global economy at risk. Discussing the paper with Professor Greenberger are Federal Reserve Chairman Paul Volcker, former FDIC Vice Chairman Thomas M. Hoenig, INET President Rob Johnson, and Better Markets President Dennis Kelleher.
Views: 5954 New Economic Thinking
Mifid II regulations: the impact explained
 
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Rule changes have the potential to radically shake up how equity, bond and derivatives markets work, affecting everyone who trades and how they work across Europe and beyond ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 21665 Financial Times
Fundamental theorem of calculus (Part 1) | AP Calculus AB | Khan Academy
 
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The fundamental theorem of calculus shows how, in some sense, integration is the opposite of differentiation. Created by Sal Khan. Practice this lesson yourself on KhanAcademy.org right now: https://www.khanacademy.org/math/ap-calculus-ab/ab-antiderivatives-ftc/ab-fundamental-theorem-of-calc/e/the-fundamental-theorem-of-calculus?utm_source=YT&utm_medium=Desc&utm_campaign=APCalculusAB Watch the next lesson: https://www.khanacademy.org/math/ap-calculus-ab/ab-antiderivatives-ftc/ab-fundamental-theorem-of-calc/v/connecting-the-first-and-second-fundamental-theorems-of-calculus?utm_source=YT&utm_medium=Desc&utm_campaign=APCalculusAB Missed the previous lesson? https://www.khanacademy.org/math/ap-calculus-ab/ab-antiderivatives-ftc/ab-antiderivatives-intro/v/antiderivatives-and-indefinite-integrals?utm_source=YT&utm_medium=Desc&utm_campaign=APCalculusAB AP Calculus AB on Khan Academy: Bill Scott uses Khan Academy to teach AP Calculus at Phillips Academy in Andover, Massachusetts, and heÕs part of the teaching team that helped develop Khan AcademyÕs AP lessons. Phillips Academy was one of the first schools to teach AP nearly 60 years ago. About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit www.khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan AcademyÕs AP Calculus AB channel: https://www.youtube.com/channel/UCyoj0ZF4uw8VTFbmlfOVPuw?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 880738 Khan Academy
The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad
 
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This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal. Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he works closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBCand BNN Canada TV. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation’s #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation’s top 10 forecasters in 2004. Mr. Wesbury began his career in 1982 at the Harris Bank in Chicago. Former positions include Vice President and Economist for the Chicago Corporation and Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson. Mr. Wesbury received an M.B.A. from Northwestern University’s Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw-Hill published his first book, The New Era of Wealth, in October 1999. His most recent book, It’s Not As Bad As You Think, was published in November 2009 by John Wiley & Sons. In 2011, Mr. Wesbury received the University of Montana’s Distinguished Alumni Award. This award honors outstanding alumni who have “brought honor to the University, the state or the nation.” There have been 267 recipients of this award out of a potential pool of 91,000 graduates. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Views: 1771977 TEDx Talks
Need for Speed: Technology Challenges for OTC Derivatives by Andrew Green
 
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Need for Speed: Technology Challenges for OTC Derivatives The business of derivatives is becoming a technology race. Prior to the 2007-2009 crisis, much of the focus of technology development for derivatives was centred on exotic products such as callable libor structures and CDOs. After the crisis the market for exotic derivatives collapsed, but quants realised that so-called vanilla derivative products were actually far more complex than previously thought. Presently it takes unprecedented computational power just to compute the bare minimum, not to mention being at the front line. To make it even more challenging, the upcoming regulation is going to stretch computational needs even further. In this seminar two of the most authoritative names in the Derivatives space will share their views with us. Andrew Green will walk us through the three key technology challenges for derivatives that have been created by the post-crisis banking environment: Implementing Regulatory Change XVA Measurement Automation and Intelligent Systems Successfully meeting these challenges will be critical to the future of derivative markets. For more info visit: http://quantshub.com
Views: 99 Quants Hub
Calculus: Derivatives 1 | Taking derivatives | Differential Calculus | Khan Academy
 
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Finding the slope of a tangent line to a curve (the derivative). Introduction to Calculus. Watch the next lesson: https://www.khanacademy.org/math/differential-calculus/taking-derivatives/derivative_intro/v/calculus-derivatives-2?utm_source=YT&utm_medium=Desc&utm_campaign=DifferentialCalculus Missed the previous lesson? https://www.khanacademy.org/math/differential-calculus/taking-derivatives/derivative_intro/v/formal-and-alternate-form-of-the-derivative-example-1?utm_source=YT&utm_medium=Desc&utm_campaign=DifferentialCalculus Differential calculus on Khan Academy: Limit introduction, squeeze theorem, and epsilon-delta definition of limits. About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit www.khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to KhanAcademy’s Differential Calculus channel: https://www.youtube.com/channel/UCNLzjGl1HBdZrHXo4Vae3iA?sub_confirmation=1 Subscribe to KhanAcademy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 1875229 Khan Academy
What is Dodd Frank?
 
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Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Dodd-Frank” The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as simply "Dodd-Frank", is supposed to lower risk in various parts of the U.S. financial system. It is named after U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank because of their significant involvement in the act’s creation and passage. Dodd-Frank established new government agencies such as the Financial Stability Oversight Council and Orderly Liquidation Authority, which monitors the performance of companies deemed “too big to fail” in order to prevent a widespread economic collapse. The new Orderly Liquidation Fund provides money to assist with the liquidation of financial companies that have been placed in receivership because of their financial weakness. Additionally, the council can break up large banks that may pose a risk to the financial system because of their size. It can also quickly and neatly liquidate or restructure firms it deems too financially weak. Similarly, the new Federal Insurance Office identifies and monitors insurance companies that may pose a systemic risk. By Barry Norman, Investors Trading Academy
Types of Derivatives in Indian Financial Markets
 
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Course Page: http://www.elearnmarkets.com/packages/index/equity-derivatives-course-for-beginners Website: http://www.elearnmarkets.com/ Derivatives are known to be among the most powerful financial instruments, The Indian equity derivatives market has seen tremendous growth since the year 2000 when equity derivatives were introduced in India. This course provides insights into different types of equity derivatives, their trading, clearing and settlement and the regulatory framework, preparing you for a career in the fascinating world of trading. We constantly help you with strategies for equity and derivatives investment provides knowledge for trading on futures & options, hedging with Nifty and other products and opportunities of near risk free arbitrage between various segments. These instruments give rise to many opportunities as well as challenges because there are some important differences between investments in the cash market as opposed to that in derivatives For Offline i.e. Classroom Courses, Contact: Ms. Neelam Gupta: - +91-9748222555 [email protected] For Online Live as well As Recorded classes, Contact: - Ms. Puja Shaw: - +91-9903432255 [email protected] Quick! Subscribe! ►► http://bit.ly/1RP8RjE Visit Us on Twitter: https://twitter.com/elearnmarkets Join our page on Facebook: https://www.facebook.com/elearnmarkets
Views: 78060 Elearnmarkets.com
Understanding Basics of the Power Market
 
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Get an overview of the North American energy markets including how the power grid works, and managing supply and demand. Subscribe: https://www.youtube.com/subscription_center?add_user=cmegroup Learn more: https://institute.cmegroup.com/ CME Group: http://www.cmegroup.com/ Follow us: Twitter: http://twitter.com/CMEGroup Facebook: http://www.facebook.com/CMEGroup CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
Views: 9160 CME Group
financial derivatives lecture in hindi | futures contracts explained| forward contract in hindi
 
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In this financial derivatives lecture in hindi we have explained about different types of financial derivate such as futures contracts, forward contract, swap contract and options contract. We have explained financial derivative concept with real time example. If Found our video helpful to you anyway, Then don't forget to like the video. Kindly Subscribe our channel for to get the notification for our latest videos Subscribe Link : https://goo.gl/M51wPX -----Like ------ Share -------- Comment ------- Subscribe -------------------------- Follow us on Facebook : https://www.facebook.com/bankingsutra/ Follow us on Twitter : https://twitter.com/banking_sutra Follow us on Google plus : https://plus.google.com/108611863544253921936 Follow us on Whatsapp : +918336937153
Views: 10392 BANKING SUTRA
Predicting the Next Financial Crisis: Derivatives and Risk Management (1994)
 
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Critics such as economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner have argued that the regulatory framework did not keep pace with financial innovation, such as the increasing importance of the shadow banking system, derivatives and off-balance sheet financing. A recent OECD study[86] suggest that bank regulation based on the Basel accords encourage unconventional business practices and contributed to or even reinforced the financial crisis. In other cases, laws were changed or enforcement weakened in parts of the financial system. Key examples include: Jimmy Carter's Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) phased out a number of restrictions on banks' financial practices, broadened their lending powers, allowed credit unions and savings and loans to offer checkable deposits, and raised the deposit insurance limit from $40,000 to $100,000 (thereby potentially lessening depositor scrutiny of lenders' risk management policies).[87] In October 1982, U.S. President Ronald Reagan signed into law the Garn--St. Germain Depository Institutions Act, which provided for adjustable-rate mortgage loans, began the process of banking deregulation,[citation needed] and contributed to the savings and loan crisis of the late 1980s/early 1990s.[88] In November 1999, U.S. President Bill Clinton signed into law the Gramm--Leach--Bliley Act, which repealed part of the Glass--Steagall Act of 1933. This repeal has been criticized for reducing the separation between commercial banks (which traditionally had fiscally conservative policies) and investment banks (which had a more risk-taking culture).[89][90] However, the vast majority of failures were at institutions that were created by Glass-Steagall.[91] In 2004, the U.S. Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis.[92][93] Financial institutions in the shadow banking system are not subject to the same regulation as depository banks, allowing them to assume additional debt obligations relative to their financial cushion or capital base.[94] This was the case despite the Long-Term Capital Management debacle in 1998, where a highly leveraged shadow institution failed with systemic implications. Regulators and accounting standard-setters allowed depository banks such as Citigroup to move significant amounts of assets and liabilities off-balance sheet into complex legal entities called structured investment vehicles, masking the weakness of the capital base of the firm or degree of leverage or risk taken. One news agency estimated that the top four U.S. banks will have to return between $500 billion and $1 trillion to their balance sheets during 2009.[95] This increased uncertainty during the crisis regarding the financial position of the major banks.[96] Off-balance sheet entities were also used by Enron as part of the scandal that brought down that company in 2001.[97] As early as 1997, Federal Reserve chairman Alan Greenspan fought to keep the derivatives market unregulated.[98] With the advice of the President's Working Group on Financial Markets,[99] the U.S. Congress and President allowed the self-regulation of the over-the-counter derivatives market when they enacted the Commodity Futures Modernization Act of 2000. Derivatives such as credit default swaps (CDS) can be used to hedge or speculate against particular credit risks. The volume of CDS outstanding increased 100-fold from 1998 to 2008, with estimates of the debt covered by CDS contracts, as of November 2008, ranging from US$33 to $47 trillion. Total over-the-counter (OTC) derivative notional value rose to $683 trillion by June 2008.[100] Warren Buffett famously referred to derivatives as "financial weapons of mass destruction" in early 2003. http://en.wikipedia.org/wiki/Financial_crisis_of_2008
Views: 5284 The Film Archives
Insights into the Proposal for Derivatives Business Conduct Rules in Canada (Webinar)
 
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Canadian derivatives regulators recently proposed rules and related guidance for derivatives dealers and derivatives advisers, which are intended to ensure that all such firms are subject to minimum standards in relation to their business conduct towards customers and counterparties. Join Osler derivatives practice experts Blair Wiley and Mark DesLauriers for a 30 minute webinar designed to quickly get you up to speed on this rule proposal so that you can assess the potential impacts on your business.
Houman Shadab discusses Bitcoin and blockchain derivatives before the CFTC.
 
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New York Law School professor Houman Shadab discussed the regulatory challenges facing Bitcoin and blockchain derivatives before the U.S. Commodity Futures Trading Commission (CFTC) on October 9, 2014. His full statement to the CFTC is available here: http://ssrn.com/abstract=2508707 More information about Professor Shadab and his research is available here: http://www.nyls.edu/faculty/faculty-profiles/faculty_profiles/houman_shadab/
Views: 2124 Houman Shadab
The Causes and Effects of the Financial Crisis 2008
 
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Found this super informative and useful video on The Crisis of Credit visualized by Jonathan Jarvis Please check out their website: http://cashmoneylife.com/economic-financial-crisis-2008-causes/ P.S. I do not own this video, just sharing..
Views: 844455 Vivien Yeow
Super Killer Laser Gun: LaWS Laser Weapon System Live-fire,   Testing(LaWS)
 
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The Laser Weapon System or LaWS is a directed-energy weapon developed by the United States Navy. The weapon was installed on the USS Ponce for field testing in 2014 In December 2014 the United States Navy reported the LaWS system works perfectly, and that the commander of the USS Ponce is authorized to use the system as a defensive weapon.Purpose The intended use of the LaWS is ship-defense against drones or small-boat attackers (whether suicidal or not); the LaWS at present is not designed to engage incoming missiles, large aircraft, ships, or submerged objects. LaWS utilizes a solid-state infrared beam which can be tuned to high output to destroy the target or low output to warn or cripple the sensors of a target. Among the advantages of this device versus projectile weapons is the low cost per shot, as each firing of the weapon requires only the minimal cost of generating the energetic pulse; by contrast ordnance for projectile weapons must be designed, manufactured, handled, transported and maintained, and takes up storage space. Deployment Video by Master Chief Petty Officer John Williams. Photo- U.S. Navy photo by John F. Williams. The LaWS was deployed on the Ponce in late August 2014 to the Persian Gulf with the U.S. 5th Fleet. The deployment is to test the feasibility of a laser weapon in a maritime environment against heat, humidity, dust, and salt water and to see how much power is used. The system has scalable power levels to be able to fire a non-lethal beam to dazzle a suspect vessel, and fire stronger beams to physically destroy a target; range is classified. Although neighboring Iran has threatened to block the Strait of Hormuz out of the Gulf using small boat swarms that the LaWS is able to counter, it was not designed or deployed specifically to be used against any one particular country. On the deployment, the LaWS is considered an operational asset, so the ship commander has permission to use it for self-defense. Humans are not a target of the weapon under stipulations of the Convention on Certain Conventional Weapons, but targets do include UAVs, helicopters, and fast patrol craft. Rules of engagement (ROE) have been developed for its use, but details have not been released. The Navy has released video of the LaWS on deployment disabling a ScanEagle UAV, detonating a rocket propelled grenade (RPG), and burning out the engine of a rigid hull inflatable boat (RHIB). Composed of commercial laser components and proprietary Navy software, it is powered and cooled by a "skid" through a diesel generator, separate from the ship's electrical systems, giving greater efficiency relative to power provided of 35 percent. Mounted on the Ponce's superstructure above the bridge, its powerful optics are also useful as a surveillance tool that can detect objects at "tactically significant ranges." The LaWS will remain deployed for one year and deployments on other ships are being examined.Derivatives The Office of Naval Research (ONR) is developing a laser weapon similar to the LaWS for use on ground vehicles for the U.S. Marine Corps as part of the Ground-Based Air Defense Directed Energy On-The-Move (G-BAD DE OTM) program. Like the naval LaWS, the ground-based system is meant to be an efficient way to protect against UAVs and supersonic missiles. The ONR is adapting the system to be installed on a Humvee or the Joint Light Tactical Vehicle. Tests will be conducted in late 2014 with 10 kW of power, with an increase to 30 kW by 2016. On 13 August 2014, Raytheon was awarded an $11 million contract to adapt a tactical laser weapon system to a vehicle-based laser device. Components have been tested to demonstrate detection and fire control functions of the system, with the compact phased array radar detecting and tracking air targets. The company will deliver a laser with a minimum power output of 25 kW using planar waveguide (PWG) technology, which is about the size and shape of a 12-inch ruler, that can generate sufficient power to effectively engage small aircraft while being small, light, and rugged enough to be used on mobile platforms. Intercept tests will evaluate detection and tracking to firing, battle-damage assessments, and effects on the test vehicle. Unlike the U.S. Army High Energy Laser Technology Demonstrator (HEL-TD) program to develop a truck-mounted laser for C-RAM duties while stationary, the G-BAD seeks a short-range laser that can fire while moving and maneuvering with Marine air-ground task forces. The Navy requires a laser capable of firing at full power for two minutes, followed by a 20-minute recharge to 80 percent total capacity. It will weigh 2,500 lb (1,100 kg) consisting of a volume-surveillance radar, command and control (C2), and the high-energy laser weapon. Laser Weapon System (LaWS)
Views: 4671682 ajaru
MiFID II’s derivatives trading obligation is almost upon us. Are you ready?
 
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With flexible workflow solutions, proven experience, and with all mandated derivatives already available to trade on the Tradeweb MTF and SEF platforms – seriously, why would you risk going anywhere else?
Views: 83 Tradeweb
The Integumentary System, Part 1 - Skin Deep: Crash Course A&P #6
 
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•••SUBBABLE MESSAGE••• TO: Ciaran FROM: your sister Jillian Happy birthday! Hope you enjoy being immortalized via doobly-doo! *** You can directly support Crash Course at http://www.subbable.com/crashcourse Subscribe for as little as $0 to keep up with everything we're doing. Also, if you can afford to pay a little every month, it really helps us to continue producing great content. *** Anatomy & Physiology continues with a look at your biggest organ - your skin. -- Table of Contents: All About Skin 0:22 Epidermis, Dermis, & Hypodermis 1:30 Melanin And Keratin Cells 2:15 Ensure You Get A Good Tattoo 8:01 -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support CrashCourse on Subbable: http://subbable.com/crashcourse
Views: 1526983 CrashCourse
Introduction to limits | Limits | Differential Calculus | Khan Academy
 
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Introduction to limits Watch the next lesson: https://www.khanacademy.org/math/differential-calculus/limits_topic/limits_tutorial/v/limit-by-analyzing-numerical-data?utm_source=YT&utm_medium=Desc&utm_campaign=DifferentialCalculus Differential calculus on Khan Academy: Limit introduction, squeeze theorem, and epsilon-delta definition of limits. About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit www.khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to KhanAcademy’s Differential Calculus channel: https://www.youtube.com/channel/UCNLzjGl1HBdZrHXo4Vae3iA?sub_confirmation=1 Subscribe to KhanAcademy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 3752295 Khan Academy
A Debate: Derivatives Trading - Legalized Gambling or Market Contracts?
 
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From the ancient Babylonian derivatives market to the U.S. onion-futures scandal of the 1950s to the Dodd-Frank Act, University of Chicago's Todd Henderson and Cornell Law's Lynn Stout found room for agreement in a lively debate, hosted by the Law School's Federalist Society on April 9, 2013 on the role of derivatives trading in the recent financial crisis.
Views: 2306 Cornell Law School
Types of Financial Derivatives
 
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VOICE NARRATOR: The mortgage market is the sum of all trades between two units, units which are groups of many individuals, with their own kinds of trades inside. But the banks have more kinds of standard trades, all with standard names. And these are not regulated. Shadow banking is the part of finance that remains after we subtract the regulated deposit banks. They create liabilities that are not on the balance sheet. We already explained the basic mortgage derivatives. One benefit is big salaries, profits, and bonuses. As with all of these trades: They buy the middle tranches from each other. And pool and re-chop them the same way. So the new best one gets a new triple-A rating. The ratings are central to the system. And these ratings are provided by agencies of "sterling reputation". In the next transaction, the banks that own the derivatives can buy insurance against defaults, by swapping a little cash in exchange for a big payout. A "credit default swap". Even unrelated banks can do this, making naked bets that someone else's junk will default. One company, AIG, wrote over 400 billion dollars of coverage, with no money to back it up. Then there is the repo market, yheir overnight loans to each other. An analogy is the Federal funds market between the deposit banks, but this is regulated by the central bank. Repo used U.S. Treasury bonds (the blue arrows) as collateral for the loans. And now uses derivatives too. This makes derivatives very valuable. And since derivatives are valuable, each bank wants to own them as assets. It borrows money to buy them, at up to 20 or 30 times its equity capital. And they all do this. So here's the problem: If all the derivative values collapse at the same time, then suddenly, everyone has too much debt. But not enough assets for collateral to borrow money to do more business to pay off the debt. Their liquidity is gone. The whole system freezes. It is effectively bankrupt. Economists call this possibility a "systemic risk". It's the same thing with households. Houses are assets, the main asset for most people. If house prices fall, then everybody has too much debt. And no one can borrow. So whom are you going to sell your house to? And of course this what happened. We had a collapse of balance sheets. In two different flavors. But only one side would be bailed out.
Views: 3042 Ecolanguage
New Law Will Force You to BAILOUT the Quadrillions in Derivatives!
 
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Views: 6649 The Money GPS
CME Group Rules and Regulation Overview
 
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Get an overview of market regulation at CME Group, including rules and regulations and how to subscribe to stay up-to-date. Subscribe: https://www.youtube.com/subscription_center?add_user=cmegroup Learn more: https://institute.cmegroup.com/ CME Group: http://www.cmegroup.com/ Follow us: Twitter: http://twitter.com/CMEGroup Facebook: http://www.facebook.com/CMEGroup CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
Views: 13 CME Group
Endocrine System, part 1 - Glands & Hormones: Crash Course A&P #23
 
10:25
Hank begins teaching you about your endocrine system by explaining how it uses glands to produce hormones. These hormones are either amino-acid based and water soluble, or steroidal and lipid-soluble, and may target many types of cells or just turn on specific ones. He will also touch on hormone cascades, and how the HPA axis effects your stress response. Table of Contents Endocrine System 2:32 Glands Produce Hormones 2:58 Amino Acid Based and Water Soluble 4:18 Steroidal and Lipid Soluble 4:44 Hormone Cascades 6:15 HPA Axis Effects Your Stress Response 6:30 *** Crash Course Psychology Poster: http://www.dftba.com/crashcourse *** Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Steve Marshall, Anna-Ester Volozh, Sandra Aft, Brad Wardell, Christian Ludvigsen, Robert Kunz, Jason, A Saslow, Jacob Ash, Jeffrey Thompson, Jessica Simmons, James Craver, Simun Niclasen, SR Foxley, Roger C. Rocha, Nevin, Spoljaric, Eric Knight, Elliot Beter, Jessica Wode ***SUBBABLE MESSAGES*** TO: Laura Hewett FROM: Amy Paez Greetings from the other side of the world! DFTBA -- TO: Wesley FROM: G Distance is created by the Desert Otherworld, therefore we shall not be destroyed. ***SUPPORTER THANK YOU!*** Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Mickey Maloney, Dan Smalley, Stephen DeCubellis, Vanessa Benavent, Andrew Galante, LankySam!, David Costello, Vanessa Benavent, Kenzo Yasuda, Tessa White -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 2078485 CrashCourse
Smart Regulation
 
58:25
IDX 2017 Periscope Video There is a growing recognition across the globe of the need to review the way listed and cleared derivatives markets are regulated. In Europe, this has already resulted in the Call for Evidence and the EMIR Review, while in the U.S., the new administration has ordered a review of regulations to consider changes necessary to Dodd-Frank. This panel of regulatory experts will assess the effectiveness of existing regulation, discuss where change may be required and what progress is being made.
Views: 46 FIA
Newton's Laws: Crash Course Physics #5
 
11:04
I'm sure you've heard of Isaac Newton and maybe of some of his laws. Like, that thing about "equal and opposite reactions" and such. But what do his laws mean? And how do they help us understand the world around us? In this episode of Crash Course Physics, Shini talks to us about just that. *** Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Help PBSDS win a Webby Award by voting here: https://pv.webbyawards.com/2016/online-film-video/video-channels-and-networks/science-education Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashC... Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support CrashCourse on Patreon: http://www.patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1386389 CrashCourse
021418 -- “Legislative Proposals Regarding Derivatives” (EventID=106878)
 
02:16:59
Wednesday, February 14, 2018 (2:00 PM) -- Subcommittee on Capital Markets, Securities, and Investment (Committee on Financial Services) Hearing: “Legislative Proposals Regarding Derivatives”
US Citizenship Through Parents & Grandparents
 
07:53
Which persons born abroad are U.S. citizens through their parents or grandparents by former INS Citizenship Attorney (1976-80) Carl Shusterman. You can schedule a legal consultation (by Skype, telephone or in person) at http://shusterman.com/schedule-immigration-consultation.html (213) 623-4592 x0 http://shusterman.com US immigration laws allow certain persons born abroad to "acquire" or "derive" US citizenship through their parents and sometimes through their grandparents. What if you were born abroad to U.S. citizen parents? You probably are a U.S. citizen, but you need to get some paperwork to prove this. Or what if you were born abroad and only one of your parents was a U.S. citizen at the time? That’s a little trickier. How do you determine if you “acquired” U.S. citizenship at birth through a parent, or if you obtained derivative citizenship as a minor through your parent(s)? Attorney Shusterman simplifies the complex laws regarding acquisition and derivation of US citizenship through parents and grandparents so that they are understandable to non-lawyers. There are 4 Nationality Charts that attorneys use to assist them in such cases. These charts are difficult to find on the USCIS website so we replicate them on our website so that you can use them to begin your research. Derivative citizenship laws are one of the most complex areas of immigration law, and Congress has amended these laws multiple times. Fortunately, Attorney Shusterman spent several years as an INS Citizenship Attorney in the 1970s adjudicating N-600 derivative citizenship applications. This experience proven invaluable. Since he entered private practice in 1982, he has helped hundreds of clients obtain U.S. citizenship through their parents and grandparents. Some of these clients were in deportation proceedings, and would have been deported if Attorney Shusterman not been able to prove that they were U.S. citizens even though they were born abroad. There are multiple strategies for proving that you are a U.S. citizen even though you were not born in the U.S. You may want to apply for a U.S. passport, or alternately, you can apply for a Certificate of Citizenship from the USCIS using form N-600. For additional information regarding derviative citizenship, please see Our US Citizenship through Parents page at http://shusterman.com/americancitizenshipthroughparents.html.
Views: 24093 Carl Shusterman
Derivatives: the most crucial aspect of financial regulatory reform
 
06:15
Michael Greenberger, founder and director of the University of Maryland Center for Health and Homeland Security (CHHS), is interviewed live on CNN's "American Morning" about President Obama's visit to New York City to push the White House financial regulation agenda. Professor Greenberger emphasized the importance of increased oversight and transparency in derivatives markets. (4/22/10)
Views: 470 MDCHHS
Global Financial Meltdown - One Of The Best Financial Crisis Documentary Films
 
02:49:16
Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929. But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace. Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people began their fight back. Finally, it asks how the world can prepare for the next crisis even as it recognises that this one is far from over. We hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism. http://www.RebelMystic.com
Views: 1910972 Rebel Mystic
Singapore - Proposed Amendments to the Securities and Futures Regulations.
 
03:50
The Monetary Authority of Singapore issued in January 18, 2016 and closed public feedback in February 16, 2016 for a Consultation Paper on Proposed Amendments to the Securities and Futures (Reporting of Derivative Contracts) Regulations (“Consultation Paper”). a. What are the goals of this particular Consultation Paper? b. What are the key proposals in the Consultation Paper that businesses should be aware of? c. If adopted, what impact will it have, logistically and legally, on businesses? (i.e. will it require hiring more personnel to maintain the required reporting requirements? Will it require new record maintenance systems to be implemented in businesses? Will businesses have to consult with attorneys more than before?)
Views: 104 Conventus Law
Important Developments in U.S. and Canadian Securities Regulation
 
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Robert Lando discusses the impact of the new Canadian prospectus marketing rules on U.S. underwriters, changes in the U.S. private placement rules, and new market practices that will evolve throughout 2014.
DeFazio v. Bliley on derivatives legislation 1995
 
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How republicans undermined the system of laws and regulations that kept speculators in check since 1935.
Views: 508 madashelldude
Zubrod Sees Dodd-Frank Rules Completed at Year End
 
03:53
May 19 (Bloomberg) -- Luke Zubrod, a director at Chatham Financial Corp., talks about the impact of the overhaul of U.S. financial regulation on derivatives. He speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)
Views: 326 Bloomberg
Asad Dossani Reveals Two Derivative Trading Ideas To Profit From
 
13:27
Earlier today we recorded a short video with Asad Dossani discussing derivative trading ideas that you could profit from. This video, which was released just a few minutes back, is absolutely Free for you. View full video here - http://bit.ly/Crisis-Trades For more Call us on Telephone: 91-22-61434055 | Toll Free - 1800 2093 786 Or Follow Us On.- Facebook : https://www.facebook.com/Eqtmonline Twitter: https://twitter.com/Equitymaster Google Plus: https://plus.google.com/108748339368128530325 Linkedin : https://in.linkedin.com/company/equitymaster-agora-research-private-limited Pinterest: https://in.pinterest.com/equitymaster/
Senator Cantwell's Derivatives Press Conference
 
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Senator Cantwell holds a financial regulatory reform press conference on derivatives with Senator Blanche Lincoln and Michael Greenberger in Washington, D.C. on April 20, 2010.
Bill Clinton Admits I Was Wrong not regulating financial derivatives 2010
 
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Bill Clinton - admits choosing not to regulate derivatives in 1999 caused the Global Financial Crisis. From Jake Tapper ABC interview April 2010; https://www.youtube.com/watch?v=htDK96AGV24 (from 5 mins mark) Bill Clinton "Now, on derivatives, yeah I think they were wrong and I think I was wrong to take it because the argument on derivatives was that these things are expensive and sophisticated and only a handful of investors will buy them and they don’t need any extra protection, and any extra transparency. The money they’re putting up guarantees them transparency. And the flaw in that argument was that first of all sometimes people with a lot of money make stupid decisions and make it without transparency. And secondly, the most important flaw was even if less than 1 percent of the total investment community is involved in derivative exchanges, so much money was involved that if they went bad, they could affect a 100 percent of the investments, and indeed a 100 percent of the citizens in countries, not investors, and I was wrong about that. I’ve said that all along. Now, I think if I had tried to regulate them because the Republicans were the majority in the Congress, they would have stopped it. But I wish I should have been caught trying. I mean, that was a mistake I made."
Views: 1259 Iain Parker
I Designed a NEW Exotic Financial Derivative (Rocket Swaps)
 
10:34
ZACH DE GREGORIO, CPA www.WolvesAndFinance.com Video links for Financial Derivatives: VIDEO: What are Financial Derivatives? https://wolvesandfinance.com/weekly-video-what-are-financial-derivatives/ VIDEO: Types of Financial Derivatives: https://wolvesandfinance.com/weekly-video-types-of-financial-derivatives/ I have been working on this idea for a couple of years now, and I thought I would just share it and see what people think. So in this video, I am going to talk about my design for a new exotic financial derivative. Financial derivatives normally exist for a specific business reasons. So I think that is a good place to start with the business problem we are trying to solve. The issue we are going to focus on deals with the Commercial Space Industry. The Commercial Space Industry is made up of companies that enable us to work, travel, and play in outer space. There is an interesting dilemma facing rocket launch providers, and it deals with space insurance. If you were going to launch a rocket into space, your cost to insure that rocket is very expensive. Launching rockets is a fairly risky business. The risk of failure during a launch has been around 20%. Personally, I believe that number is going to drop dramatically over the next couple of years. However, historically risk has been around 20%. But that is not the only reason why insurance prices are so high. The real problem faced by insurance companies, is that the business model of a rocket launch provider contradicts the business model of a traditional insurance company on a fundamental level. The way insurance companies work, is they spread risk out over long periods of time. If you wanted to insure a building that was going to be around for forty years, the insurance company can spread that risk out over forty years. This is the same way health insurance works, and car insurance. That is the reason why insurance is so affordable. Even if the potential risk could be very expensive, your annual payments are so low because they are spread across long periods of time and many different customers. What is different about a rocket launch company is that a rocket launch lasts a matter of minutes. You will know within minutes whether your launch is successful or not. Well, from the perspective of the insurance company, that is a problem, because you do not have a period of time to spread out your risk payments. So if a rocket launch company wanted to insure their rocket, they would have to pay all their risk payments up front, which results in high insurance payments. So what if I told you I had a way to dramatically lower the cost of insurance for the whole space industry at no up-front cost for the rocket launch companies and very little risk. My recommendation to solve this business problem is to create a new financial derivative. I call this derivative a “Rocket Swap.” Ultimately, what we are talking about here is risk. Financial derivatives are really great at moving risk into capital markets where people are willing to hold that risk. The reason why I call it a Rocket Swap is because it is very similar to a Credit Default Swap (CDS). A Credit Default Swap was created by JP Morgan in 1994, and it is now a capital market worth trillions of dollars. It is an agreement that you will pay off a loan if it defaults. Every time you have a loan, either two things will happen: it will get paid off or it will default. There is a binary situation, and based on the outcome, the Credit Default Swap will kick in. Well a rocket launch company is also a binary situation. Either the rocket launch will be successful or it will be a failure. So a Rocket swap is a financial derivative that removes the risk from the rocket launch company to capital markets where they are willing to hold that risk for a reasonable return. Neither Zach De Gregorio or Wolves and Finance Inc. shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.
Views: 152 WolvesAndFinance
Alberto Gallo speaks to us at Global Derivatives 2012
 
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Global Derivatives Website - http://www.informaglobalevents.com/ytglobderivvidep
Views: 1407 QuantMinds TV
Why Do Financial Crimes Go Unpunished? Rich and Poor, Debt and Finance (2014)
 
01:19:01
The U.S. subprime mortgage crisis was a set of events and conditions that led to a financial crisis and subsequent recession that began in 2008. About the book: https://www.amazon.com/gp/product/0812983637/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0812983637&linkCode=as2&tag=tra0c7-20&linkId=31b3fb4dc3832e2d19a7f4f1e8785a44 It was characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. Several major financial institutions collapsed in September 2008, with significant disruption in the flow of credit to businesses and consumers and the onset of a severe global recession. Government housing policies, over-regulation, failed regulation and deregulation have all been claimed as causes of the crisis, along with many others. While the modern financial system evolved, regulation did not keep pace and became mismatched with the risks building in the economy. The Financial Crisis Inquiry Commission (FCIC) tasked with investigating the causes of the crisis reported in January 2011 that: "We had a 21st-century financial system with 19th-century safeguards."[1] Increasing home ownership has been the goal of several presidents including Roosevelt, Reagan, Clinton and George W. Bush.[2] However, the FCIC wrote that Fannie Mae and Freddie Mac, government affordable housing policies, and the Community Reinvestment Act were not primary causes of the crisis.[1][3] Failure to regulate the non-depository banking system (also called the shadow banking system) has also been blamed.[1][4] The non-depository system grew to exceed the size of the regulated depository banking system,[5] but the investment banks, insurers, hedge funds, and money market funds were not subject to the same regulations. Many of these institutions suffered the equivalent of a bank run,[6] with the notable collapses of Lehman Brothers and AIG during September 2008 precipitating a financial crisis and subsequent recession.[7] The government also repealed or implemented several laws that limited the regulation of the banking industry, such as the repeal of the Glass-Steagall Act and implementation of the Commodity Futures Modernization Act of 2000. The former allowed depository and investment banks to merge while the latter limited the regulation of financial derivatives. http://en.wikipedia.org/wiki/Government_policies_and_the_subprime_mortgage_crisis Incarceration in the United States is one of the main forms of punishment, rehabilitation, or both for the commission of felony and other offenses. The United States has the largest prison population in the world,[3][4] and the second-highest per-capita incarceration rate, behind Seychelles (which has a total prison population of 786 out of a population of 90,024).[5][6] In 2012, it was 707 adults incarcerated per 100,000 population. According to the U.S. Bureau of Justice Statistics (BJS), 2,266,800 adults were incarcerated in U.S. federal and state prisons, and county jails at year-end 2011 – about 0.94% of adults in the U.S. resident population.[8] Additionally, 4,814,200 adults at year-end 2011 were on probation or on parole.[12] In total, 6,977,700 adults were under correctional supervision (probation, parole, jail, or prison) in 2011 – about 2.9% of adults in the U.S. resident population.[12] In addition, there were 70,792 juveniles in juvenile detention in 2010.[13] Although debtor's prisons no longer exist in the United States, residents of some U.S. states can still be incarcerated for debt as of 2014.[14][15][16][17] The Vera Institute of Justice reported in 2015 that jails throughout the United States have become warehouses for the poor, the mentally ill and those suffering from addiction as such individuals lack the financial means or mental capacity to post bail.[18] According to a 2014 report by Human Rights Watch, "tough-on-crime" laws adopted since the 1980s have filled U.S. prisons with mostly nonviolent offenders.[19] This policy failed to rehabilitate prisoners and many were worse on release than before incarceration. Rehabilitation programs for offenders can be more cost effective than prison.[20] According to the Brennan Center for Justice, falling crime rates cannot be ascribed to mass incarceration. http://en.wikipedia.org/wiki/Incarceration_in_the_United_States
Views: 4781 The Film Archives
What is a PID controller?
 
03:28
Josh from Seattle Coffee Gear explains how a PID controller works and why you would want one on your espresso machine. Subscribe To Our Channel ▸▸ http://goo.gl/hRKEhR Shop Freshly Roasted Coffee! https://www.seattlecoffeegear.com/coffee-tea Connect With Us Online! Facebook: http://goo.gl/13pJVF Twitter: https://twitter.com/seacoffeegear Google+: http://goo.gl/DDkRVD Instagram: https://instagram.com/seattlecoffeegear
Views: 54184 Seattle Coffee Gear
Calculus - Understanding the derivative as a function
 
06:21
In this video I'll help you understand what it means to have a derivative that is a function, and more importantly how this is different from the derivative of a function at a point. You'll see that this gives us many more advantages when looking at how a function changes. For more videos please visit http://www.mysecretmathtutor.com
Views: 3786 MySecretMathTutor
The Economy of Promises: Trust & Credit in America
 
01:11:07
In an economy that depends on credit, people have to decide who is trustworthy and will keep their promises, and who is not. 2016 Maguire Chair Bruce Carruthers considers how credit and credit decision-making in the U.S. has developed suring the 19th and 20th-centuries with the invention and spread of credit ratings and scores. These augmented and even replaced older methods that depended on individual reputations and personal relationships, and eventually governed the allocation of consumer and business credit. Speaker Biography: Bruce Carruthers is the John D. MacArthur Chair and professor of sociology and director of the Buffet Institute for Global Studies at Northwestern University. He is the author or coauthor of five books on markets, business, the economy, and politics. His most recent book is "Money and Credit: A Sociological Approach." At Northwestern, his areas of research include the historical evolution of credit as a problem in the sociology of trust, regulatory arbitrage, derivative markets, and the regulation of credit in early 20th century America. Carruthers has held visiting fellowships at the Russell Sage Foundation, the Radcliffe Institute for Advanced Study and the Institute for Advanced Study in Berlin. He also received a John Simon Guggenheim Fellowship and received his Ph.D. from the University of Chicago. For transcript and more information, visit http://www.loc.gov/today/cyberlc/feature_wdesc.php?rec=7745
Views: 293 LibraryOfCongress
Citigroup Writes Our Laws HR 992 Deregulate Derivatives
 
07:17
All in with Chris Hayes covers a NYT story, "Banks' Lobbyists Help in Drafting Financial Bills" (http://bit.ly/citicongress) where Citigroup wrote 70 out of 85 lines of a bill that passed the House Financial Services Committee with help from all Republicans AND a majority of the Democrats.
Views: 2060 nerdynewsjunkie
Bipartisan Bills Fix Dodd-Frank Derivatives Provisions, Strengthen SEC Accountability
 
03:41
Bipartisan measures to fix unintended consequences of derivatives provisions in the Dodd-Frank Act and to require the Securities and Exchange Commission (SEC) to conduct cost-benefit analyses of regulations were discussed during a hearing today of the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises. Subcommittee Chairman Scott Garrett (R-NJ) noted that many of the bills were approved by the House during the 112th Congress with strong bipartisan support. The derivatives fixes are "common sense, bipartisan approaches to provide clear rules of the road for market participants while ensuring a robust regulatory regime exists over the market," said Chairman Garrett. Witnesses appearing before the subcommittee said the fixes are needed because provisions in Title VII of Dodd-Frank harm the economy and drive up costs for consumers by inhibiting the ability of manufacturers, farmers, ranchers and small businesses to manage risk. The witnesses also voiced concerns that the provisions are unworkable and put American firms at a competitive disadvantage -- concerns that have been echoed by regulatory officials and Republicans and Democrats in Congress. Derivatives allow farmers, ranchers and Main Street companies -- "end-users" -- across the country to manage the business risk they face every day. For example, manufacturers hedge against fluctuating prices in the raw materials that go into production; hospitals hedge against rising interest rates on financing more beds and new technology; and farmers use derivatives to lock in the prices of their crops for the coming season. "We are very concerned that an impending regulatory burden on end-users of derivatives will result in higher costs to Main Street companies that will limit their growth, harm their international competitiveness and ultimately hamper their ability to sustain and, we hope, grow jobs," said Thomas Deas, Jr., Vice President and Treasurer of Philadelphia-based FMC Corporation and Chairman of the National Association of Corporate Treasurers. "The consequences of getting derivatives regulation wrong will be borne by American business and ultimately our fellow citizens." Deas also testified that at the time of Dodd-Frank's passage, it was understood from legislative language and from letters and public discussions between the law's principal drafters that end-users would be exempt from certain provisions related to derivatives. "In addition, recognizing the potential adverse consequences on the competitiveness of American business and ultimately on jobs here at home, regulators vowed to keep their actions in sync with those of our international trading partners and not impose any undue regulatory burdens on U.S. end-users. However, at this point over two-and-a-half years after passage of the Dodd-Frank Act, there are several areas where continuing regulatory uncertainty compels end-users to appeal for legislative relief from actions we believe will raise costs unnecessarily and hamper our ability to manage business risks," Deas told the subcommittee. In his testimony, former Democratic congressman Ken Bentsen, now the acting president and CEO of the Securities Industry and Financial Markets Association, said there are concerns "about how regulators are interpreting and proposing to implement many of these provisions...Incorrect implementation of Title VII has the potential to detrimentally limit the availability and increase the cost of derivatives, which are a valuable risk management tool for American businesses, including manufacturers and the agricultural industry." Members of the subcommittee noted that none of the bipartisan bills discussed today would dramatically change the Dodd-Frank Act but would rather ensure regulators do not implement rules that conflict with -- or are contrary to -- what Congress intended. Find a full readout of the legislation considered in this hearing at: http://financialservices.house.gov/news/documentsingle.aspx?DocumentID=328447
Integrals: Crash Course Physics #3
 
10:09
Continuing with last week's introduction of calculus, Shini leads us through the ways that integrals can help us figure out things like distance when we have several other key bits of information. Say, for instance, you wanted to know how far your window was off the ground. By using integrals, a tennis ball, and a stop watch, you can figure that out! It's all here in this episode of Crash Course Physics! *** Produced in collaboration with PBS Digital Studios: http://youtube.com/pbsdigitalstudios Help PBSDS win a Webby Award by voting here: https://pv.webbyawards.com/2016/online-film-video/video-channels-and-networks/science-education Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 535073 CrashCourse