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Khuzami also added five additional units to oversee various areas of the financial industry: asset management, large scale market abuses, complex derivatives and financial products, foreign bribery and corruption, and the municipal and public pension markets.
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Michael is a respected financial planner and publisher who adamantly believes that tactical asset allocation is not market timing.
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The consumer asset backed securities market is a source of liquidity to financial institutions that provide federally guaranteed small business loans and consumer lending such as auto loans, student loans and credit cards.
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As these countries experience retardation and stagnation in economic growth, their aggressive monetary policies run the risk of another asset bubble similar to the one that led to the recent financial market collapse and recession.
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The enforcement chief also created five specialized units to oversee the following areas: asset management, large scale market abuses, complex derivatives and financial products, foreign bribery and corruption, and the municipal and public pension markets.
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Yet many still fear the worst: huge costs for Brazil, particularly for its financial sector, and perhaps the end of emerging-market bonds as a viable asset class.
ECONOMIST: Latin American markets
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The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services and retail and middle market financial services.
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