Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The Difference between Prudential and Protective Regulations - Research Paper Example

Comments (0) Cite this document
The 1st part of "The Difference between Prudential and Protective Regulations" paper explores the differences in terms of rationale and scope. In the 2nd part, the differences between prudential and protective regulation in EC are measured in relation to the scope, features, and enforcement…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
The Difference between Prudential and Protective Regulations
Read TextPreview

Extract of sample "The Difference between Prudential and Protective Regulations"

Download file to see previous pages Governments attempt to regulate and organize different fields of life in their respective countries. This need for regulation has been created for a number of reasons. One prominent reason may be attributed to the fact that the government may assess a certain industry having a significant impact on the economy thereby embarking on a regulation endeavor. By these regulations, the government will be able to protect its markets from failure, leading to unwanted deficiencies such as monopoly, windfall profits, anti-competitive behavior, and predatory pricing.

One of the most important types of regulations that endeavor to protect consumers and restore confidence in the financial markets as being genuine is the regulation of the financial service.2 In the UK, the financial service regulations have improved from the corporatist laisser-faire3 model to system of self-regulation which was produced by Financial Services Act 1986.4 The financial services authority FSA5 was established in 1997 as a result of the disability of self-regulation and other systems to join alongside the requirements of the financial services industry.6 Three years later, the Financial Service and Market Act 2000 was issued and given the Financial Service Authority (FSA) statutory powers.7 The main duties of FSA as having been mentioned in the Financial Services and Market Act (FSMA) are “rule-making, preparing and issuing codes, giving general written guidance and determining its general policy and principles by reference to which it performs its other functions”.8 Regarding the financial market regulations, there are two important types of regulations that can be issued by authorities to secure the financial markets; those are prudential and protective regulations. 
Each of the prudential and protective regulation has been issued to operate and protect the financial market but in different ways. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(The Difference between Prudential and Protective Regulations Research Paper, n.d.)
The Difference between Prudential and Protective Regulations Research Paper.
(The Difference Between Prudential and Protective Regulations Research Paper)
The Difference Between Prudential and Protective Regulations Research Paper.
“The Difference Between Prudential and Protective Regulations Research Paper”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Difference between Prudential and Protective Regulations

Difference Between Conflict Theories

... Difference between Conflict Theories and Structural Functional Theory Structural theories are used to explain the expectations that the society has of its members and how these members may or may not stray from these expectations. It represents a framework from which theory is created that sees the society as a complex system that has parts expected to work together to promote unity and the stability of its members. It examines the social structures and functions that may be used to constitute the social norms and customs that are expected to adhere to certain doctrines to create a cohesive system. Conflict theories, on the other hand, look at the nature of self-interests in an otherwise tolerant society. Marx and Simmel visualize...
17 Pages(4250 words)Assignment

Business Report about Prudential

In the words of Henry Fayol (1987), management is all about forecasting, planning, organizing, forming coordination and keeping control. This implies that management is made of four interlocking functions namely planning, organizing, leading and controlling (Porter, 2008) Management is a continuous process because its four functions are interdependent on each other therefore, management never stops. A deep insight into the concept of management shows that the task of a manager is to ensure that all resources of the organization are working in harmony with human resources. A manager is responsible for creating such an environment where workers are motivated and they do not lose their focus. Management as a whole is dynamic in natu...
5 Pages(1250 words)Essay

Difference between Liberalism and Socialism

...? Liberalism and socialism reflect the way in which political, social and economic situations are viewed in the society. Socialism is promoted by individuals that advocate for equal distribution of resources throughout the population. Such individuals feel that governments and other authoritative bodies in the society should create policies that eliminate poverty from a society. Socialism advocates for total control of resources that contribute to political and economic development. Only through such control, can the state achieve true success and economic prosperity of its people (Hinnfors, 2006). Introduction History and Political Science What is the difference between liberalism and socialism? Through socialism, most of the individuals...
7 Pages(1750 words)Essay

Difference between two time periods

Characteristics of Creativity in Medieval and Renaissance Art Creativity has different manifestations during the Medieval and Renaissance art. Specifically, medieval artists showcase their creativity through artworks that demonstrate spiritual significance. In contrast, Renaissance artists demonstrate their creativity by integrating external phenomenon with their emotional interpretations in such a way that most of their works are characterized with personal expression of what is beautiful. Relatively, this paper explores the idea that renaissance artistic expressions, which had emotional roots, deviate from the artistic tradition of medieval tradition of creativity as having spiritual significance. Medieval Art Medieval art emerg...
3 Pages(750 words)Research Paper

Difference between intelligent and wisdom

... Task: Difference between intelligent and wisdom The role of knowledge in life is vast and entails, among other things, the search for answers to life difficulties and challenges. The necessity to understand the world also presents a great platform to utilize knowledge. The need to find the truth behind the functioning of different world phenomena and nature makes knowledge equally necessary for humankind. Knowledge, from the philosophical standpoint, may include that which emanates from an individual’s intellect or possession of wisdom. The debate on the distinctions that exist between intellect and wisdom attracts the consideration of several philosophical concepts. From a philosophical perspective, it is incontrovertible that both...
3 Pages(750 words)Essay

Difference between Capital and Revenue

...Capital and Revenue In financial accounting there are a number of distinguishing terms that aid an organization and its accountants keep better and efficient records. Two of these notable accounting terms are capital and revenue. While the terms share similar traits they differ in crucial ways. Both terms refer to funds the organization has on hand. Revenue is the funds that are implemented on a daily or frequent basis. One considers that revenue can constitute a number of wide ranging purposes, all of which are contingent on the specific organization (‘What is a capital expenditure versus a revenue expenditure’ 2010). For instance, revenue can be funds that go towards staffing, utilities, daily supply, or purchases of services... and Revenue ...
1 Pages(250 words)Essay

Difference between cultures

... (Langenback, 2007). The marriage traditions and customs are also different in these countries, in fact cultures. In South Korea, there is a very bright colored wedding dress for bride and groom. Wedding usually occur in a wedding hall. In South Korea, there is a concept that every guest should bring money with him for the bride and the groom. No one will give them any materialistic gift. On the other hand, there is Emirati culture where the ratio of Muslims is higher than other cultural groups. Muslims have well defined and accurate rules and regulations for every field of life (Luchies 2009). There is a proper and legal relationship between the two families in the form of a marriage. Here only two people are not connected to each other...
5 Pages(1250 words)Term Paper

Difference between 2 companies

esult of its rather distinctive business model, all of McDonald’s restaurants are operated either directly by the company or by franchisees (McDonald’, 2014).
The company offers a uniform menu across all its various locations although there are a number of geographic variations that allow for the menu to adequately adapt, and suit the local tastes and preferences. The standard McDonald’s menu typically includes, the Big Mac, Chicken McNuggets, French fries, a wide array of salads, the Quarter Pounder with Cheese, snack wraps, oatmeal, sundaes, soft drinks, shakes, coffee, several chicken sandwich options, McCafe beverages and a number of other beverage options. According to (2014), the strength of the current...
12 Pages(3000 words)Assignment

Macro-prudential Policies

...Macro-prudential Policies To be certainly practical, financial policies and regulations should always be forward-looking. Moreover, formulated to accommodate the challenges of managing the pace of disruptive innovation both registered and potential (Gai, & Haldane, 2011, p.415). Such kinds of changes are by their complexion not mainstream, and might never become so. Thus, they can be driven from top to down as well centralized policy innovations or by bottom-up and decentralized trade changes (Gai, & Haldane, 2011, p.415). Therefore, in this section this paper is going to discuss five drivers that are so crucial to the effective operations of the financial system. The first driver is Disintermediation of capital and payments. It involves...
12 Pages(3000 words)Coursework

The Difference between Individuals

...Managing the difference between individuals is more relevant to todays organisations than ever before” With the current era of globalisationand technological advances, the whole organisation often goes through a period of rapid changes. We are at a time when change is the norm. As the demands of the business world become more complex, companies need to deal with their human resources in flexible and innovative ways that are in the best interests of the organisations, to have a more efficient and productive workforce. Todays organizations, whether they are corporations, academic institutions, government agencies, or any other form of public or private entity, have the same core need for human coordination as before but the equation has...
9 Pages(2250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic The Difference between Prudential and Protective Regulations for FREE!

Contact Us