For And Against Regulation And In The Light Of This Evaluate The Strengths And Weaknesses Of A Regulatory - Essay Example

Only on StudentShare

Extract of sample
For And Against Regulation And In The Light Of This Evaluate The Strengths And Weaknesses Of A Regulatory

The review proposes that in a bid to ensure regulation consistency, the UK should adopt a single regulator approach across business lines. The review further acknowledges that importance of having the central bank as a systemic regulator. The principle based and light touch regulations are discouraged by the review and instead, focus is directed on rule bases regulations which are more intensive that are geared toward an extensive systemic risk as well as macroeconomic policy. The review therefore provides financial institution and banks a prudential regulation for future operations. Discussion According to the review, the major factors that have drove the world in the current financial crisis include among others the increasing financial innovation, growth in the market size, as well as microeconomic imbalances thus, causing overall systemic risk increase. In light of the foregoing crisis there was a great need to revaluate the existing regulatory regime, for instance the assumption that markets function in an efficient and rational way. ...Show more

Summary

Running Head: Turner Review Name Institution Date Introduction The Turner Review was compiled and published in 2009 by Lord Turner. He is the chair person of the Financial Service Authority (FSA) in UK. The review outlines well reasoned and viable regulatory reforms for financial institutions as well as banks…
Author : wilsonbashirian
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"For And Against Regulation And In The Light Of This Evaluate The Strengths And Weaknesses Of A Regulatory "
with a personal 20% discount.
Grab the best paper

Related Essays

Discuss the banking regulatory and market framework in UK, address thestrengths, weaknesses, opportunities and threats
Of the four segments, the largest is that of banking, employing more than 400,000 employees, and contributing half of the industry’s output in GDP. The insurance industry accounts for 2% of GDP; it is the largest in Europe, and the world’s third largest.
40 pages (10000 words) Assignment
The Strengths, Weaknesses and Uses of the Economic Value Added (EVA) Mode
The purpose of this article is the critical evaluation of the strengths and shortcomings of Economic Value Added (EVA). This paper also outlines some of the uses of Economic Value Added (EVA) and its contribution in facilitating the financial managers in taking different sorts of decisions regarding mainly the performance of employees.
7 pages (1750 words) Essay
Introduction to Business Accounting
Depreciation Net Book Value Fixed assets Motor Vehicles 20,000 13,000 7,000 Computer Equipment 14,000 10,500 3,500 10,500 Current assets Stock 70,000 Trade debtors 27,860 less provision for doubtful debt 1,260 Bank Account 3,000 99,600 Creditors < 12 months Trade creditors 17,000 17,000 Net current assets 82,600 Creditors > 12 months - Net assets 93,100 Capital and reserves Capital 31,600 less drawings 24,000 Profit 85,500 93,100 What are the potential problems and limitations of financial ratio analysis?
5 pages (1250 words) Essay
Financial crisis regulatory
Economy affects all aspects of people’s life, which affirms the importance of monitoring the global economic performance. Countries have established numerous financial crisis regulations that aim at checking emergence of crisis in the future. Particularly, the OECD countries are presently practicing various regulatory measures to safeguard the world’s economy.
8 pages (2000 words) Essay
Approaches to banking regulation
Over the recent past decades, immense changes and growth in the financial sector across the globe have emerged. It is worth noting that, within the same period, a high number of countries across the world have suffered banking crises, which in some situations have resulted into costly bank failures and by extension severe economic disruption.
5 pages (1250 words) Essay
Required: critically evaluate the following statement: Accounting regulation is at a crossroads : many believe that we need a
GAAP and worldwide standards (IASB 2013, p. 1). Although, most countries around the globe adopted GAAPs as part of their accounting regulations, there were differences on disclosure framework pertaining to certain accounting items. As a result, corporations with global operations experienced problems in consolidating their financial statements (McEwen 2009, p.
5 pages (1250 words) Essay
EVALUATE THE MAIN EU REGULATORY REACTIONS TO THE FINANCIAL CRISIS INCLUDING THE CHANGES TO THE EU REGULATORY PROCESS FOR FINANCIAL SERVICES
EVALUATE THE MAIN EU REGULATORY REACTIONS TO THE FINANCIAL CRISIS INCLUDING THE CHANGES TO THE EU REGULATORY PROCESS FOR FINANCIAL SERVICES (Author’s name) (Institutional Affiliation) Introduction The financial crisis that rocked the European Union from 2007-2009 affected the economies largely because the mega financial institutions within Europe were operating in a similar business model to that of the United States prior to the crisis.
6 pages (1500 words) Essay
In the light of these( moshirian& long-staff) and other relevant articles, critically evaluate the reasons for the recent global
The first category is the macro-economic failures, which include monetary policies, fiscal policies, global imbalances and housing booms. The second category includes the failures in the financial sector supervision and regulatory policies and practices (Moshirian 2011, 502).
8 pages (2000 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT