According to Economy Watch (2010), the Banking Industry was once a simple and a reliable business; but, deregulation and technology have transformed the industry considerably. Banking regulation ensures correction of market imperfections and unfair distribution of resources (Central Banks, 2011). Therefore, deregulation of financial institutions saw the domination of the industry by the selected few, and they acted according to their selfish gain. According to Lyons (1999-2011), every aspect of banking is regulated by federal or state agencies. The Thatcherism regime in its quest to deregulate the banking industry generated a chain of imperfection towards failure in the financial sector (Enqdahl, 2009). Deregulation is expected to have considerable effects on the real economy if t significant changes were placed in the structure, and efficiency of the banking industry (Strahan, 2002). Overreliance on a deregulated banking system in the United Kingdom saw the large financial institutions dominate the sector across a wider geographical area. This led to loss of local market concentration as they only pursued entering the market rather than consolidating within a local market. ...Show more
UK DEREGULATED BANKING AND ECONOMIC DOWNTURN Discussion on the UK’s Overreliance on a Deregulated Banking Industry is a Key Factor in the Current Economic Downturn and Suggestion of Economic Policies Which Could Be Used to Avoid a Double Dip Recession. Name of Student Student Number Department Grade Course 1st December, 2011 Overreliance of UK on a Deregulated Banking Industry is a key factor in the Current Economic Downturn…
The purpose of this study is to present possible past strategic business objectives of Oz Clothing and to provide recommended strategic business objectives; to discuss the likely effects on the stakeholders of the recommended strategy; to evaluate the impact on the Human Resources of Oz Clothing and remedies recommended
The research recommends for Oz clothing a new set of business objectives which are in close adherence to the policies of industrial relation and considers the impact of the objectives on the stakeholders. An assumption is also held regarding the operation of the organization in the past and how the previous strategies of the organization might have an effect on the policies and practice of Industrial relations.
Some of the key causes are given below. First of all, the interrelated markets of different countries may cause this downturn. That is, America has a strong market in Asia, and if the American production collapses it will also cause cost push inflation in Asia which will then cause problems in other countries related to Asia.
The main focus in the paper is on the development of the economic policies, that should be followed to avoid a double dip recession in the UK. A double dip recession might initiate decreased tax proceeds and increased spending on revenue, making it harder to minimize deficit. Self-defeating austerity could initiate decreased growth and development.
These words were extracted from the final report of the United Kingdom’s Independent Commission on Banking published on September 12, 2011. The report focused on activities for a proposal to ring-fence the banking system within the United Kingdom. To summarize the term “ring-fencing” (Moe, 2011), the proposed UK banks will enclose their retail operations as legally separate entities that are well funded and can operate independently of the rest of the financial group.
A number of countries have put considerations and priorities into enhancing teaching through vocational skills, knowledge and practical experiences as well as competencies. Through such trainings, there is improved capacity, performance and capability of an individual, organization or a country to realize its goals as it forms a key element on apprenticeships alongside providing itself as a pillar for technical aspects in workforce.
It is to be noted in this context that the task of financial management cannot be confined merely to cash management. Rather, the scope of financial management includes all financial resources such as receivables and payables. Management of all financial resources assume great importance as it has rightly been coined as the life blood of business.
The number of authorized banks in the UK totalled to about 690 in 2004. Although the number of UK incorporated banks declined over the past decade there was a significant increase in their average size and financial strength. The total number of authorized banks increased largely due to the growing presence of European Economic Area (EEA) banks.
Indeed, in the United Nations’ “Global Outlook: Economic Situation and Prospects 2009”, the United Nations comments that “it was never meant to happen again, but the world economy is now mired in a severe
Many were in the trap for longer lime as GM Motors has been and ultimately gave in. Majority of the companies felt the acute pinch but somehow or other survived. It is not easily conceivable that giant
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