...SCHOOL OF ARTS AND HUMANITIES LAW OF BANKING AND FINANCE The essay: Each student must write an essay on: “Will the new “twin –peaks” structure of bank regulation ensure that banking crises will be a thing of the past?” Analyse the new structure introduced by the Financial Services Act 2012 and the approach to be taken by the regulators in regulating banks in the UK. In particular, consider whether the new regulations will make the system more resilient. 12 noon p.m. on 1st April. Submission date: -Your essay must be submitted via Succeed only, by no later than Word count: The essay should not exceed word count, excluding references, 2500-3000 words footnotes, endnotes, and bibliography. You are required to provide a word count. Students who exceed this limit by more than 10% may be awarded a lower grade. The specific aim of the essay is to assess your ability to analyse current issues in banking law, through effective research and writing. In doing so you should demonstrate your skills to : integrate information and materials from a variety of different sources produce a substantially accurate synthesis of relevant doctrinal and policy issues. make a critical judgement of the merits of particular arguments. act independently and with minimal guidance in planning and undertaking tasks. undertake independent research with minimal guidance. understand and make proficient use of the English language in writing in relation to legal matters. present knowledge...
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...Department of Accounting & Finance LAW 1091 Business and Company Law / LAW 1092 Business Law Coursework For many years Cheryl operated a school minibus service in Peckham. In September 2009 Cheryl decided to retire. Accordingly, she placed the following advertisement in the local newspaper: ‘FOR SALE: 2 BLACK FORD TRANSIT MINIBUSES £15,000’ Britney saw the advertisement and decided to visit Cheryl. During Britney’s visit, Cheryl stated that the minibuses were manufactured in 2005’. After their meeting, Britney told Cheryl she would let her know during the following week whether or not she would purchase the minibuses. The next day Cheryl offered to sell the minibuses to Amy, a friend of hers, via an e-mail for a reduced price of £12,000. Amy agrees to purchase the minibuses but in her reply (via e-mail) ‘only if they are re-sprayed white’. The following week Britney accepted the purchase price of the black minibuses for £15,000 by speaking to Cheryl directly. In the meantime, Mohammed has seen the advert for the minibuses and posted his acceptance to buy them for £15,000 to Cheryl. All three parties believe that they have a contract with Cheryl for the sale of the minibuses. Advise Cheryl whether or not she has a contract with any of those three parties. [Overall: an excellent piece of work. You provide an excellent legal analysis in terms of identifying the relevant legal rules, supporting those rules with cases and applying the rules in an accurate manner to the...
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...supply chain operations of Sprong Security Financial Services. Identify issues and/or opportunities of the company major issues, to generate a hypothesis for each issue, research questions to use for conducting analysis. Identify the circumstances surrounding each issue, classify the issue, attribute the importance of each classification, and test the accuracy of each classification. Legal is appointed, established, or authorized by law; deriving authority from law (Definitions- Legal, 2011). Regulatory is restricting according to rules or principles (Definitions - Regulatory, 2011). The laws and regulations for an accounting service and the insurance are the HIPAA Law, to have a lawyer on retainer for legal business, and keeping updates on the new tax laws for federal, state, and local. The federal trade commission is very big in any business because they regulate how an advertisement is being published to the public. The advertisement has to be honest, positive, and to be able to back up what the advertisement have to say. The HIPAA Law consists of the privacy of each client, for their information does not be leak out to anybody without their permission to do so. Economic is the study of how people choose to use resources. Sprong Security Financial Services economic services would be based on the commissions get from the policies that clients signs up for, and for other services that is being offer to them. The business reflects on the economy status on how...
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...you in good faith and this proposal will be of mutual benefit. I am Richard Gerrald, a solicitor at law. I am the personal attorney/sole executor to a client of mine, who died along with his family in a plane crash on the 14th of August 2005. My late client a formal Sub-Comptroller working with Chevron Texaco Oil here in the United Kingdom and had Left behind a deposit of Sixteen Million British Pounds Sterling only (£16,000,000.00) with a bank. After the death of my client, the finance company contacted me, as his attorney to provide his next of kin who should inherit his fortune this according to them is their policy in sure circumstances. Since the death of my client, I have written several letters to the embassy with intent to locate any of his extended relatives whom shall be claimants/beneficiaries of his abandoned personal estate and all such efforts have been to no avail. I had to inform the finance company about my fruitless effort in locating my late client's close relative or his next of kin. The board of directors of the finance company now adopted a resolution and I was mandated to provide his next of kin for the payment of this money or forfeit the money as an abandoned fund. The company had planned to invoke the abandoned property decree of 1996 to confiscate the funds after the expiration of the period given to me but after an investigation in the finance company, I found out that some members of the company wants to divert this fund into their private...
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...There are a very wide variety of options available for an MBA with specialization in Finance. Today, an MBA with a Finance Specialization learns a variety of subjects like Corporate finance, Costing, Budgeting, International Finance, working Capital management, investments and securities etc.With increased financial liberalization a wide array and wide variety of jobs are available to an MBA with specialization in finance. He can be working in the corporate Finance function of a major manufacturing Organization looking after management of funds for that corporate, working out working capital limits of the corporate and dealing with Banks and other financial lending institutions etc. | | A finance MBA has an option of working with leading banks or with leading Non banking Finance Companies or leading Finance Companies other than Banks. He also has options of working as a securities analyst or working with brokerage firms and dealing in buying and selling securities. Operations in the security market or the stock market is the biggest industry in India. With increased opening up of the Indian Financial market and increased international money pouring into the Indian Stocks the option available for MBA Finance are endless. Same is true of a person dealing in Foreign Currency transaction either in bank of in a manufacturing Company.But here is a word of caution: jobs of security analyst and that of Foreign currency trader are high pressure jobs which at times lead to significant...
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...be successful. Organizations need to keep up a certain level of transparency and this can only be accomplished by accurately reporting their financial statements. Several articles are going to be discussed reflecting the reporting practices and ethical standards in health care after a brief summary of the general accounting principles, ethical standards of finance and the four elements of financial management are given. Summary: Four elements of financial management The four elements of financial management are planning, controlling, organizing and directing and decision making. (Baker & Baker, 2011, p. 5) Each element is a task that is performed by the finance manager and they go in the order mentioned above. Like in any other aspect of business, planning has to be done to help identify the objectives that need to be accomplished and establish the steps necessary to ensure that each objective is completed. Controlling, helps ensure the successful execution of each step and all plans are being followed and performed by the designated areas of the organizations. The organizing and directing element refers to the finance manager utilizing the organizations resources and deciding which are best to use that will help each objective be reached. In addition to that, this element...
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...HOUSING AND LAND USE REGULATORY BOARD VISION An institution of professionals exemplifying public service with responsibility, integrity, competence and justice geared towards the attainment of well-planned and sustainable communities through the regulation of land use, housing development and homeowners associations, and the just resolution of disputes.. MISSION To promulgate and enforce policies on land use, housing and homeowners associations which promote inclusive growth and economic advancement, social justice and environmental protection for the equitable distribution and enjoyment of development benefits. MANDATES: 1. PLANNING : (EO 648; EO 72; RA 7279) Formulation of Comprehensive Land Use Planning Guidelines Technical assistance to LGU’s in CLUP preparation and to members of Provincial Land Use Committee (PLUC) and Regional Land Use Committee (RLUC) in CLUP review. Review and approval of CLUPs for Highly Urbanized Cities (HUCs), Independent Component Cities (ICCs), Metro Manila cities and Provincial Physical Framework Plans (PPFPs). Install an information system to monitor changes in the actual use of land resources and the implementation of CLUPs by LGUs. Update and revise the National Urban Development and Housing Framework. Train LGUs in subdivision plan approval and zoning enforcement. 2. REGULATION: (EO 648; EO 90; EO 71; EO 72; PD 957, 1216, 1344; BP 220; RA 7899; RA 9904; RA8763 (Sec.26)); Register and license subdivision and condominium projects...
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...provide evidence as to who, what, how, and where the financial crime occurred. A Forensic Accountant needs to integrate law knowledge and the understanding of accounting and finance. The career in Forensic Accounting is recently on high demand because of the increased financial inconsistencies within organizations. A Forensic Accountant finds employment opportunities in many settings, which include law firms, consulting firms, government agencies, and financial institutions (Justice, Law & Legal Studies Forensic Accountant and Fraud Examiner). A Budget Analyst A budget analyst is one of the career paths in accounting. This career involves the relationship between goals of the project and concerns of the budget. The work of the budget analyst is to organize business finances such as preparing budgets reports and checking organizational spending. Minimum requirements are a bachelor’s degree in accounting and in some cases, there is a requirement of a Master’s degree in accounting. Additional requirements include excellent numerical, analytical, and accounting skills. As with other careers, salary expectations upsurge with education and experience. The median annual salary exceeds $68, 000, while the highest annual range is more than $100,000, and the lowest earns at least $45,000 per year (How to Become a Budget Analyst). Question 2 Chief Finance Officer (CFO) The position of CFO plays a significant role in the success of a...
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...Wisconsin, home of the Milwaukee Brewers, the Green Bay Packers and often referred to as America’s Dairyland. Wisconsin’s state motto is very simple, “Forward”, which has defined the state’s drive to be a national leader since the motto was first instituted back in 1851. The state song, “On Wisconsin”, has a similar theme and represents a progressive state that is consistently moving forward. The Wisconsin school system also claims to have a proud history of progressive education. Wisconsin was granted statehood on May 29, 1848, becoming the 30th state. It was in this same year that Wisconsin first recognized public education, and began dialogue on ways to finance it. Wisconsin Constitution, Article X, Section 3 states that, “The legislature shall provide by law for the establishment of district schools, which shall be as nearly uniform as practicable.” Established school districts were handed the authority to govern the schooling in their region, and were given the power to tax in order to fund school development. According to Maher, Skidmore and Statz (2007) it was decided that the school districts should be funded through local property taxes, which presented further challenges. This created a heavy reliance on local property taxes, leading to frustration for taxpayers. The second major challenge was that all districts were different in size and demographic, therefore this created a disparity between districts in their ability to raise money through taxes. The state was...
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...LUCKNOW: The Associated Chambers of Commerce and Industry of India (Assocham) has prepared a 15-point economic agenda for political parties to include in their poll manifesto for 2012 assembly elections. National secretary general, Assocham, D S Rawat said, "Food processing, automobiles, textiles, leather, cement, healthcare, pharmaceuticals, information technology, real estate and tourism are significant areas which can transform the state economy." He said that Assocham representatives would be meeting leaders of all political parties soon and request to include economic issues in their manifesto for achieving double digit growth during the next decade in UP. The report prepared by Assocham states that the promotion of public-private partnership in agriculture, industry and service sectors is of prime importance to create new jobs and promote economic activity in the state. Besides, cluster development approach can help spur employment in micro, small and medium enterprises. The report also states that embroidery, rice mills, powerloom, leather, glass, carpet, Banarsi sari, screen printing, food processing, readymade garments, jute, yarn/rope and zari can be developed on the cluster development model. Summary Over the past several years, party financing scandals have shaken countries in every region of the world. This has led to increased contempt for and public disillusionment with parties and politicians, and undermined the public confidence in the political process....
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...the business dealing with foreign currencies has gradually emerged. Those business activities are known as offshore finance. Offshore financial centers (OFCs) are where these activities accumulates. According to Ahmed Zoromé, IMF Working Paper/07/87, an OFC is a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy. Clearly, the appearance of OFCs stems from the development of world trade. Efforts to evade financial regulation and political considerations of regulation are among the most important reasons. The formation of OFCs is not a result of human force but a consequence of international political and economic factors. OFCs often enjoy a series of benefits attracting business. Besides the obvious tax reasons, OFCs often have these advantages such as political stability, business-friendly regulation and laws, and above all discretion. Since Chinese economy grows fast in recent years and the China becomes more open after joining WTO. Trading, travel industry and consuming have made the amount of oversea RMB transaction increase and the oversea RMB flow more frequently. Payment and settlement of offshore RMB have become an undeniable fact. Hence there have been substantial needs for an OFC of RMB to deal with this issue. Hong Kong, as an international finance centre, enjoys many of the advantages that are necessary for an OFC. Meanwhile, preparations and warm-up over the...
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...Core Courses Undergraduate Electives Undergraduate Specialization Project / One Additional course Total Credit Hours 36 60 24 12 3 135 Undergraduate Core Courses S.NO C. CODE TITLE 1. ACT201 Principles of Accounting 2. ACT501 Financial Accounting 3. ACT301 Cost Accounting 4. FIN201 Business Finance 5. FIN505 Financial Institutions & Markets 6. FIN501 Financial Management 7. MKT201 Principles of Marketing 8. MKT507 Marketing Management 9. MGT202 Principles of Management 10. MGT502 Human Resource Management 11. MGT501 Organizational Behaviour 12. MGT507 Operations Management 13. MGT401 Entrepreneurship 14. MGT506 Business Research Methods 15. GEN501 Business Communication & Report Writing 16. ECO201 Principles of Microeconomics 17. ECO202 Principles of Macroeconomics 18. GEN303 Creative Thinking and Reasoning 19. FIN301 Islamic Banking & Finance 20. QNT501 Mathematics & Statistics for Business Sub Total Approved Scheme of Study BBA (Hons) 4 Year Program 60 GENERAL COURSES S.NO 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. C. CODE GEN103 GEN104 GEN110 GEN113 GEN111 GEN107 GeN108 MGT201 ITM201 GEN202 GEN301 GEN302 COURSE TITLE Arabic-I Arabic-II Islamic Perspective of Business Islamic Law of Business Transactions Pakistan Studies Functional English-I Functional English-II Oral Communication & presentation IT in Business Human Behaviour Introduction to Sociology Business, Society & Ethics Sub Total Cr 36 Undergraduate Electives of 24 Credit Hours from the following list: S...
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...Reporting practice and ethics paper Latrice Robertson Hcs/405 February 3, 2014 Sherida Douglass Reporting practice and ethics paper It is the responsibility of a health care manager to understand the basic principles of accounting and finance, and have the knowledge and the understanding of a financial report and what it means. Without these skills and ethical standards it could result in poor management. Financial management is a vital part of organizational effectiveness and success. Financial management requires four elements in order to operate properly. The four elements of financial management: Planning- the financial manager identifies the steps that must be taken to accomplish the organizations objectives. The purpose is to identify objectives and the steps to accomplish these objectives. Controlling- The financial manager make sure that each area of the organization is following the plans that have been established. Organizing_ The financial manager decides how to use the resources of the organization to most effectively carrying out the plans that have been established. Decision making- The financial manager makes choices among available alternatives. All types of decisions making rely on information and evaluation. The purpose is to make informed choices. Generally accepted accounting principles are accounting standards and guidelines used in financial accounting and reporting. Generally accepted accounting principles (GAAP)., are accounting rules...
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...Ethics and Compliance Paper FIN/370 FINANCE FOR BUSINESS Dr. Terry Dowdy Univ. of Phoenix Leslie Morris Mauney, Derek Mazon, Stephanie Landry, Victoria Wilbert, Donna Spoljarick, Tihesha Horton Ethics and Compliance Paper Microsoft In today’s fast pace society corporate America seems to be above scrutiny. The time of the watch dog presence seems to have become lack and almost non existent. Giant corporations offer extremely attractive salaries and bonus packages to their employees. Employees in exchange do a good job but loyalty to the company is the most important thing. One mega giant is Microsoft as a company they boast of integrity, honesty, openness, and personal excellence. The company holds itself accountable to their customers and all of their employees by providing the best product at the most economical price possible. Microsoft is focused on employee training as well as employee promotion from within. These guidelines are the reason that Microsoft feels the employees will do noting to jeopardize the reputation of the company or any of its subsidiaries. Ethics and Compliance Microsoft values the employees and the values that were created in a foundation for the business. Microsoft Company manages their business in compliance with laws and regulatory requirements. They obey laws and regulations that are governed by global management. When it comes to their financial integrity...
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