Description
Answer all these questions in an essay type format :
Question 1
Critically evaluate the impact of the Basel Accords on current financial services regulatory frameworks.
Question 2
Regulation of Credit Rating Agencies needs to be more stringent given therole they played in the globalfinancial crisis. With reference to the regulatory frameworks explore this statement.
Question 3
With examples, critically examine any 3rootcausesof the global financial crisis 2007 –09.
Question 4
Critically assess the impact of money laundering on financial institutions and public confidence in the financial services industry.
Question
5‘The main achievement of the MiFID Directive was to establish an effective legal framework for the regulation of the financial markets in the European Union’. With reference to examples critically discuss this statement.
Question 6
The UK regulators lead the way in the development of Principles-based regulation of the financial services industry. This is a significant shift towards reliance on broadly stated Principles rather than more detailed rules. The implications of a more Principles-based approach for regulators, those regulated by the FCA and PRA and those whose interests the regulatory regime is designed to protect are the subject of on-going dialogue.
Critically examine the costs and benefits of a principles-based versus rules-based regulatory approach of financial services.
