The Ring Fencing Proposal Finance Essay - Free Essay Example

Sample details Pages: 3 Words: 1049 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Since the financial crisis in 2008, the economy around the world has been growing slowly, especially in developed countries. And stock markets in many counties experienced downturns. Fox example, the peak point is around 14,000 points for Dow Jones Industrial Average index in 2007, while it declined to 6,600 in 2009. Also the unemployment rate suffered badly, a larger number of youngsters cannot get a job and even some employee has to work less to share workload with other employee. In 2011, this global recession trigger European sovereign debt crisis, especially in Greece, Ireland, Portugal and Spain. In May 2011, one hundred thousand of people protest against the financial retrenchment in Athens. In UK Mervyn King, Bank of England governor, said this financial crisis might be the worst crisis that UK has ever meet. The financial crisis of 2007-2008 is considered to be the worst financial crisis since 1930s. The main reason, I think, is that the regulation of financial markets did not keep pace with the creation of the financial derivative instrument, which lead to cash from taxpayers is used to rescue the irresponsible operation of big banks. On the other hand, when the investment strategies are successful, these major banks get profit. Therefore, the public is becoming so call scapegoat who clean up the mess. In order to deal with this problem, ring-fencing approach was introduced and backed by Chancellor George Osborne. A body of ring-fencing means an organization in UK which performs several core activities. Recently, the only core activity refers to the activity that accepts deposits. In fact, four provisions are included: (1) accepting deposits; (2) making payments; (3) withdrawing money; (4) over drafting. In this way, ring-fencing can be used to separate the excluded activities (risk activities) in the investment banking from the core activity. In practise, the real objective is to handle with the problem of too big to fall . In combination with the resolution method and those banks which has the higher capital measures, it can be resolving the problem of too big to fall economically and operationally. However, many famous economists, like Paul Volcker, the former chairman of the Federal Reserve and the architect of the Volcker Rule argue that if the ring fence approach is put into effect, banks in UK will not safeguard taxpayers in foul weather. They think that total separation is a better choice for bank regulation. In history, total separation approach refers to Glass-Steagall Act, which is the first time to separate the commercial bank from investment bank. At that time, the investment bank stated to access the field of traditional banks, taking deposit. Under such circumstances, the profits of commercial banks were damaged significantly. Therefore, not only retail banks begin to invest their assets but also purchase new shares for reselling to the public. Greedy made baking industry tolerate huge risks in exchange of even larger return. Implementation of Glass-Steagall Act imposed the separation between retail banks and investment bank. From then on, the commercial banks are only allowed to do business with individuals and ordinary firm, and investment banks do riskier business, like mergers and acquisitions In order to promote the development of financial derivative instrument, the Glass-Steagall Act was repealed On November 12, 1999. Without the matched bank regulation, the rapid development of financial derivative instrument became the chief criminal of the financial crisis in 2007 again. In order to avoid the cash of taxpayer was used to clean up the mess again. The ring fence and the total separation approaches were presented by the UK government. While the ring fence approach was seemingly supported by the government. The Chancellor George Osborne announced that the major banks in UK will be totally separated if they cannot obey new rules to ring-fence risky i nvestment business from retail business. Although the relative laws about the ring fence have been legislated, this will leave some problem inevitably: The accurate range of ring fence. This is what kinds of activities and assets can/cannot be included in the ring fencing body: there are still many different kinds of middle activities and assets that are not defined practically. The accurate content of exemption is unknown from ring- fence, for example the de minimis exemption. The specific prohibitive activities of the banks The definition of the derivative does not defined very specifically. Therefore, whether the ring-fence can be implemented or not is still a practical problem. Besides, compared to the total separation approach, the ring fencing method has many weak points. As the ICB acknowledged full separation might provide the strongest firewall to protect retail banking services from contagion effects of external shocks. In means if the domino effect (financi al contagion) happens, the ring fence model cannot provide enough protection to the financial system. Furthermore, whether the ring fence can solve the problem that the major banks are too large and too interrelated to fail or not are unknown, Supposed the ring fencing is implemented, there are still some banks that have assets beyond than UK annually GDP. In addition, there is not a necessary connection between capital levels and riskiness of a bank; we should not pay too much attention on stricter capital requirements. That is to say the taxpayers will still tolerate the huge risks of financial system. In the third place, the cost impact is still unclear. Although the estimation of cost for banking sector recommended by ICB is around  £4bn and  £7bn, the practical costs will be higher. Obviously, these costs would either transfer to the customers or be soaked up by the banks with lowering profits to shareholders. Therefore, it will cause that customers and shareholders change their minds to choose those banks with lower costs and higher return. In order to lower the costs, those banks may move their head quarters to other countries. On that day, the financial centre will become a bubble reputation for London. No matter what kind of approach we use, there is no doubt that the process of transferring a wholesale bank to a retail bank will be a milestone for bank regulation. In order to satisfy the requirement of ring-fence, we have to make a detailed analysis of the some accounting items, like assets and liabilities, which are inside or which are outside the ring fence part. All in all, there are still lots of blanks that need to be completed. Don’t waste time! Our writers will create an original "The Ring Fencing Proposal Finance Essay" essay for you Create order

Profit and Prophet - Commonly Confused Words

The noun profit means a benefit, an advantageous gain, or a return on an investment. As a verb, profit means to derive advantage or to gain a profit. The noun prophet refers to a person who speaks by divine inspiration, a person with powers of prediction, or a chief spokesperson for a cause or movement. Examples Globalization has favored the pursuit of profit and the accumulation of private wealth over the provision of public goods.(George Soros, The Bubble of American Supremacy, 2004)Even while Shakespeare was alive, a few unscrupulous writers and publishers tried to profit from his reputation.(Jack Lynch, Becoming Shakespeare, 2007)Because ​Bob Dylan wrote and sang about improving society, some young people in the 1960s saw him as a prophet of change.I felt . . . like some crazy Old Testament prophet going out into the desert to live on locusts and alkali water because God had summoned him in a dream.(Stephen King, Bag of Bones, 1998) Practice Exercises (a) There was another part of Henry Wallace, no less important and certainly no less serious, that was known to few and fully understood by nobody. This was Wallace the mystic, the _____, the ardent seeker of cosmic truth. (John C. Culver and John Hyde, American Dreamer: The Life and Times of Henry A. Wallace, 2000)(b) Some of the bureaucrats were actually quite clever, and played the game well, sometimes even making a _____ on their trades and transactions.(Tom Clancy, The Bear and the Dragon, 2000)(c) I hope Im smart enough and mature enough to _____ from the mistakes I made in the past.(Julia Reed, The House on First Street, 2008) Answers to Practice Exercises:  Profit and Prophet (a) There was another part of Henry Wallace, no less important and certainly no less serious, that was known to few and fully understood by nobody. This was Wallace the mystic, the  prophet, the ardent seeker of cosmic truth.(John C. Culver and John Hyde,  American Dreamer: The Life and Times of Henry A. Wallace, 2000)(b) Some of the bureaucrats were actually quite clever, and played the game well, sometimes even making a  profit  on their trades and transactions.(Tom Clancy,  The Bear and the Dragon, 2000)(c) I hope Im smart enough and mature enough to  profit  from the mistakes I made in the past.(Julia Reed,  The House on First Street, 2008)

Digital Artists Essay - 1282 Words

Digital Artists When we think of artists, we think of paint on canvas, or clay masterpieces, or beautiful, timeless drawings, but what do you think when you hear digital artists? The acceptance of digital art into the mainstream art community is a controversy that is slowly becoming history. The controversy is essentially that many people believe that the art is created by the computer, and not by the artist. Numerous art exhibits and shows do not allow digital art in just for that reason. This is a lack of understanding of how the art is created, because images can not be created unless there is a creator with an idea and that person has gone through the creative process just like a normal artist. When it†¦show more content†¦Digital art really surfaced with the development of computer based painting. In 1984 Philip Perlstein used a paint system at NYIT (New York Institute of Technology). In 1998 the Digital Art Museum was created by Wolfgang Lieser. The controversy over digital art is part to blame on its short history. When any new media in art is introduced, it is not accepted well because there is no understanding of it. Digital art is the just the first step in an art revolution. As soon as people become educated about digital forms of art, they can appreciate the outcome and the creative process that accompanies the finished product. When people know what a demanding process it is to create these masterpieces, the can disprove the myth that digital art is just button pushing. When the population knows the processes it can then be judged fairly. The controversy also includes the debate that digital artists have it easy, and it isn’t as hard to create masterpieces as in traditional media. Many digital artists are traditional artists that can draw, and paint and understand color and they believe that digital art is very demanding and requires the artist to not only use and understand creative tools but also mechanical tools. Many digital artists believe themselves to be artists first and technicians second. There are many different types of digital art. The media and techniques range from lasers, computers, holograms, photocopiers, and satelliteShow MoreRelatedThe Digital Record Label For The Edm Artist Essay1961 Words   |  8 PagesScottish record label for the EDM artist who is looking for a reliable and approachable company to release their music through. Our aim is to forge long-lasting and personal relationships with our artists and our consumers. A strong online presence will form the foundation of the company and the form in which our products will be sold. Not only will Sine Records release music, but we will also market sample packs and synthesiser presets that come straight from our artists. Extra marketing tools such asRead MoreThe Fifth Avenue Art Gallery923 Words   |  4 Pagesdifferent artists and a beautiful collection of many different pieces. 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Susan Glaspell And Neils Before Breakfast, And A...

Problem plays emerged in the 19th century during the realism movement with the art community. Henrik Ibsen is a considerable author of social drama, because of his driven ideas and creative thinking on real issues in the world. Ibsen expresses major personal, social, professional, and political problems within his plays that involve conflicts and tensions. Problem plays paved the way for others authors such as Susan Glaspell and Eugene O’Neil to create problem plays. Susan Glaspell’s Trifles, Eugene O’Neil’s Before breakfast, and Henrik Ibsen’s A Dollhouse are all problem plays that express internal and external conflicts, entangled struggles, and corruption. Beneath every good situation, are some form of internal and external conflicts.†¦show more content†¦Women empowerment is cast through Mrs. Hale decision to keep the evidence from the men, that way the court would not have anything to sentence her with. â€Å"I might have known she needed help! I know how things can be ÃŒ ¶ for women. I tell you, it’s queer, Mrs. Peters. We live close together and we live far apart. We all go through the same things-it’s all just a different kind of the same thing† (Glaspell 725). In the event of Mrs. Wright killing her husband, the murder set her free mentally. Similar to Trifles, O’Neill’s Before Breakfast expresses the entangled struggles that Women and Men go through, and how tragedy strikes. O’Neill intentionally places the plot straightforward having Mrs. Rowland communicating with her husband who is not on stage is brilliant because he gives an entangled marriage and the conflicts that Mrs. Rowland faces. Scenes 1 through 4, Mrs. Rowland is trying to wake her husband up but he is not making a sound, she sneaks to take a drink of alcohol and she does not want Mr. Rowland to know that she is drinking. Scene 5 Mr. Rowland beings to insult his manhood by saying, â€Å"We haven’t even got any way of telling the time since you pawned your watch like a fool. The last valuable thing we had, and you knew it. It’s been nothing but pawn, pawn, pawn, with you-anything to put off getting a job, anything to get out of going to work like a man† (O’Neill 730). â€Å"Did you cut yourself again? Serves you right† (O’Neill 734). In the

Organizational Behavior Personality Trait of Extraversion...

1.0 EXECUTIVE SUMMARY Managing and enhancing the work behavior and pattern in an Organization is one very important attribute of Organizational Behavior. This is why global small and large businesses today adapts to the improvement of work pattern and invest more into innovation in order to achieve their Organizational goals. The introduction and adaptation of the internet to the world as till today not reached is maximum potential has it has become a rare and most useful tool in the social, business environment. Large and growing businesses today have choses to use this medium has a useful tool executing ad improving work. They have also engaged in various methods to achieve a level of positive potential in reaching individuals and interested parties. The purpose of this assignment is to analyze the Organizational Behavior in the aspect the personality trait of extraversion and sales. Study how they perform their tasks and experiment ways to improve the way tasks are being performed and present to them a solution which is the creation of the company personal e-commerce system that will solve a real issue in the company of choice as related to F.W. Taylor principle of codifying new methods of performing tasks into written rules and standard operating systems. Since 1994 till date e-commerce became a possibility has it is one of the most prominent ways the internet has changed out lives for the better. Users and employees has security issues at the early years until MozillaShow MoreRelatedPersonality As Predictor, Personality, And General Knowledge1305 Words   |  6 PagesPersonality as Predictor According to Kluemper, Bing, and McLarty (2014), a person’s reputation is based on their past experiences. Also, managers use a person’s past performance to predict the person’s future performance. 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We receive inquires for many bank products such as checking, saving, certificate of deposits, credit cards, individual retirement accounts and line of credits. We work with customers,

Compare Charlotte Smith Essay Example For Students

Compare Charlotte Smith Essay Coleridge, however, puts the bird as a male, who precipitates/ With fast thick warble his delicious notes. 24 This is in direct contrast to his reference to Philomela, who, in legend, was turned to either a swallow, a songless bird, since her tongue had been cut out, but later poets give her the form of a nightingale to mourn for her lost son. 25 Coleridge seems to also echo this in his references to his own son, although he harks back to the greatness of nature over humanity in quieting his son in order to appreciate nature: And he beheld the moon, and, hushed at once,/ Suspends his sobs and laughs most silently. 26 Silence is suggested in other parts of the piece: they hear no murmuring27 from the river. All but the nightingale must be silent to allow Coleridge to build his fantastical world around him, the world of castles and maidens and love and so many nightingales. 28 Both of these pieces carry the same title, but yet very different messages about the natural world. Coleridge regards it as the pinnacle of all things, the true greatness, whereas Smith regards it as beautiful, certainly, but innocent, its value being that it cannot comprehend suffering as a human. Coleridge places it far above humanity, a constant aspiration, whereas Smith values human culture above nature, treats it as, perhaps, a child. Her view of childhood in this sense seems to be naivety, rather than Coleridges view of the beauty and purity of childhood as closer to the wonder of nature, and, as such, greater than the adult man. Bibliography Smith, Charlotte, Sonnet III, To a Nightingale in Romanticism: an Anthology, 3rd edition, ed. Duncan Wu (2006:Blackwell Publishing, Oxford) Coleridge, Samuel Taylor, The Nightingale: A Conversation Poem written April 1797, in Romanticism: an Anthology, 3rd edition, ed. Duncan Wu (2006:Blackwell Publishing, Oxford) Chilvers, Ian and Howatson, M. C. (ed. ), The Concise Oxford Companion to Classical Literature. Oxford University Press, 1996. Oxford Reference Online. Oxford University Press Word Count: 1439 1 Charlotte Smith, Sonnet III, To a Nightingale in Romanticism: an Anthology, 3rd edition, ed. Duncan Wu (2006:Blackwell Publishing, Oxford)p. 85, l. 1. 2 Samuel Taylor Coleridge, The Nightingale: A Conversation Poem written April 1797, in Romanticism: an Anthology, 3rd edition, ed. Duncan Wu (2006:Blackwell Publishing, Oxford) p. 353, l. 24. 3 S. T. Coleridge, The Nightingale l.

Business and Statistic Research Management

Question: Discuss about the Business and Statistic Research Management. Answer: Problem Statement E- business is becoming very common nowadays in Australia.The main purpose of the research is to identify the major problems related to the security issues. These issues are defined in respect to the E- Business. How to prevent E- Business from the security and Hacking issues. Literature Review While doing the E- Business, the security issues are getting very common. According to the Tech Girl Caurtney Kaufman, there are seven common problems with the small, medium and big business (Accent Computer Solutions, 2015). To manage the business, it is essential to identify the risk and solve it on priority. Some of the common risks defined by the author are the integration issues, disaster issues the recovery issues, security risk and lack of strategic planning and many more. Similarly, the article mentioned by the decision web design, the author also defines the most prominent issues which can affect the Business. The wide range of cause is defined, which are also affecting the actual business process. The author also defines the common consequences related to the security issues. These are impact of the virus on the website, insecure online payments, attack of malicious virus on the blogs the articles related to the business in order to identify their personal information. By identifying all this literature, the research aspects may become easier Variable and Hypothesis The hypothetical approach is mainly based on the variable. The variable is also categorized into two sections which are named as the dependent and independent variables. The hypothetical approach is also identified in two types which are named as the qualitative and quantitative approach. Both of these approaches are helpful in identifying the causes related to the security and hacking issues. The main purpose of the hypothetical approach is to focus on the collection of the data.(Hamel, 2016). Operational Definition and Management Operational definition and management is the necessary step by which the identification of the ongoing research can be defined in an appropriate manner. The sequence of the research and its existing process are essential to carry in a definite manner. To manage all the aspects, the operational definition and management is required. Other than this, the management of the data collection and data analysis is also identified with the help of the operational management (Ladan, 2012). Research Design and Methodology Research design and methodology is considered as the most prominent aspect of the research method. With the help of the research methodology, the suitable output can be generated easily. The two methods of research methodology are defined which are considered as the qualitative research analysis and the quantitative research analysis. From both these techniques, the most suitable technique will be selected for the research work. The ethical research methodology is considered as the different type of research methodology which is helpful in researching in an ethical manner. The NHMRC is responsible for introducing the concept of the ethical research methodology. There is also one different type of research methodology which is known as the ethical research methodology. In reference to the research work, the most suited method are the quantitative analysis and the ethical research work. Both these types of research work will be helpful in providing the appropriate output (Lord, 2002). Sampling and data analysis Sampling is the most important aspect of the research process. The suitable sampling method will be helpful in providing the appropriate feedback for the research work. The sequential collection of the data is known as the data collection or sampling method. The relevant questionnaire is prepared which is helpful in providing the appropriate answers. After completing the sampling work, the analysis of the data is the next step. The data analysis is an aspect through which the suitable study of the data can be done. The two methods are defined for the analysis of the data which is known as the primary data analysis and secondary data analysis. The primary data analysis is the pictorial representation by which the issues related to the E- Business in Australia are being identified (Federation University Australia, 2016). Other than this, the secondary data analysis will be helpful in defining the aspects with the help of the internet and the data available in the article and journals. The primary data analysis for the research topic is defined by considering the data of approximately 100 Consumers. Questionnaire Categorize the list of traders who uses the concept of E-Business? Retailers Wholesalers Traders Others What are the common issues which affect the E- Business? Loss of the Data Data Integrity Data Authentication Others Define the major intentions of Hackers to hack the data? Stealing the confidential data from the organization To hack the account information To steal the business strategy Others What are the methods by which the hacking issues can be avoided? By awareness By security By identifying advantages and disadvantage Other What are the methods by which the E- Business can be protected? By suitable Firewalls By encrypting the data By installing suitable antivirus Other Conclusion and Recommendations By observing the research aspects, it is well understood that the security issues continuously threatening the existing business of traders in Australia. In fact, some businesses are also influenced by the inappropriate security aspects adapted by the organizations. There are various recommendations provided to secure the data from the malicious virus, worms and the Trojan horses. After identifying the causes, the suitable security aspects should be generated in an appropriate manner. The social awareness and the development of the suitable security aspects should also be defined, so that the issues related to the E- Business can be solved easily. Bibliography Accent Computer Solutions, 2015. 7 Most Common Technology Problems for Small Businesses. 7 Most Common Technology Problems for Small Businesses, 13 April. Federation University Australia, 2016. Human research ethics. [Online] Available at: https://federation.edu.au/research/research-support/ethics/human-ethics Hamel, G., 2016. E-Business Security Concerns. E-Business Security Concerns, Available at: https://smallbusiness.chron.com/ebusiness-security-concerns-44182.html Ladan, M. I., 2012. E-Business security challanges, Available at: https://sdiwc.net/digital-library/download.php?id=00000495.pdf Lord, P., 2002. Managing E-Business Security Challenges: Oracle, Available at: https://www.cgisecurity.com/database/oracle/pdf/9iR2hisec.PDF