Globalisation is the process by which businesses or other organizations develop
international influence or start operating on an international scale.
) 3 regulatory bodies were set up in the United Kingdom as a fallout of the financial
crisis in 2008. Briefly explain the role of
i) Financial Policy Committee
Prudential Regulatory Authority
Financial Conduct Authority
A financial crisis describes a time of extreme disruption in a country's or perhaps the world's financial system. It is characterized by a breakdown in faith and confidence in financial markets and institutions, which frequently results in a significant decrease in the value of assets such as stocks and real estate. Bank failures, credit shortages, economic recessions, and even depressions can all result from financial crises.
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- Fact Finding of financial market regulator in AustraliaAssuming after graduation you would like to apply for a position at ASIC. Go to the websiteof Australian Securities and Investment Commission, do a fact finding and answer thefollowing questions: (1) What are the ASIC roles?(2) Who and what ASIC regulate?(3) What are the powers of ASIC?arrow_forwardWhich of the following is true of the current state of financial regulation for financial institutions (FIs)? Most banks can transfer risk on a greater scale and in more complex ways than before. Most FIs now conduct virtual global business, reducing the influence of very large FIs. Most global financial money and capital markets are deliberately disconnected. Most securities exchanges have required majority ownership by resident nationals.arrow_forwardWhat are the implications of the International Financial Reporting Standards (IFRS) convergence on global financial reporting practices, and how does this impact multinational corporations and financial stakeholdersarrow_forward
- Account related Q What are the key considerations and strategies for effectively managing and mitigating financial risks, such as currency exchange rate fluctuations and interest rate changes, within a global corporate financial management framework, and how do these strategies align with international accounting standards and regulatory requirements?"arrow_forward15. Beginning in the 1980s, Interstate Banking became an important issue for banks and the companies they do business with. Finally, in 1997 the United States allowed nationwide banking. Explain the implications of nationwide banking for the banks and for the multination corporations that borrow from the banks.arrow_forward
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