BusinessLawLectureShare.ppt

Further discussion paper in october G20 has called for higher prudential standards for systematically important firms. How to identify policy tools available How they might be applied. Cumulative impact of capital and liquidity reforms – There is a need for a comprehensive analysis of the combined impact of the different elements of regulatory reform Reducing the likelihood of banks failing The high costs for the wider economy and society Reducing the likelihood of banks failing Picture from On Capitalism “…..by nature a form or method of economic change and not only never is but never can be stationary” Joseph Shumpeter, “Capitalism, Socialism and Democracy” Discussion Questions for seminar 4 Summarise and explain the structure of banking regulation in the UK, the principles behind it and the regulators’ interaction with banks and other financial institutions. How, in your view, has this system developed historically? Consider the reaction of the regulators in the UK to the current banking crisis. Critically compare historical crisis and the recent crisis in international banking. Are their common factors, risks or causes? Discussion Questions for seminar 4 Consider the investor compensation provision within the UK regulatory framework and developments to it over the previous 12 months. Does the scheme provide an adequate safety net? Seminar learning outcomes At the end of this seminar you will: Demonstrate an understanding of the structure of regulation of banking and financial services within the UK as it relates to domestic and foreign banks Appreciate underlying policy issues underlying the regulation, applying historical, political and economic factors Seminar learning outcomes Be able to critically evaluate the effectiveness of the current system, identifying weaknesses and proposals for improvement Show an understanding of the balance between consumer and market interests Discussion Questions for seminar 3 Summarise and explain the str