We're Open
+44 7340 9595 39
+44 20 3239 6980

INTERNATIONAL AND LOCAL; BANKING AND FINANCE REGULATIONS

  100% Pass and No Plagiarism Guaranteed

INTERNATIONAL AND LOCAL; BANKING AND FINANCE REGULATIONS

Executive Summary

This paper looks at the international financial regulatory framework, in light of the Greek crises. The Greek crises were spurred by the inability of the Greece government to meet its sovereignty debt obligation to finance its budgetary obligations. The paper identifies current challenges for establishing stable and efficient global financial system using lessons that are learned from the Greece crises. Financial reforms proposed to forestall future crises include understanding and integrating into existing regulations agents’ incentives in order to realign them with the objective of the society.

Introduction

The international financial law serves as the framework of practices, rules and standards that are set to govern the international financial transactions and markets. This framework aims at creating the international financial stability[1]. The financial stability has to create in the environment of various national jurisdictions, with each jurisdiction pursuing its own governance standards and national interests[2].  Contemporary international financial stability and sustainability is under constant threat as a consequence of increasing financial innovation, technological development, and evolving globalization[3]. The international finance is governed by law and regulation which are developed by both multinational institutions (such as IMF, World Bank, functional regulators (e.g. G8), and trade associations) and national governments. National governments serve as the principal regulators and formulators of international financial policies, where every country in the world has an international dimension to the way it regulates the domestic economy[4].

Given the increasing interconnectedness and financial systems interoperability, financial crunch emanating from one jurisdiction or economic block is easily transmitted to other global financial system. For example, the busting of the housing bubble in the US that peaked in 2008, lead to widespread damage to the global financial

[1] Prasch, Robert, and Thierry Warin. “Systemic risk and financial regulations: A theoretical perspective.” Journal of Banking Regulation (2015).

[2] Buckley, R.P., 2001. Tale of Two Crises: The Search for the Enduring Reforms of the International Financial System, A. UCLA J. Int’l L. & Foreign Aff.6, p.1.

[3] Ibid

[4] Ibid


100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

STILL NOT CONVINCED?

View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates

Details

  • Title: INTERNATIONAL AND LOCAL; BANKING AND FINANCE REGULATIONS
  • Price: £ 120
  • Post Date: 2021-05-10T11:59:10+00:00
  • Category: Research Paper Queries
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

INTERNATIONAL AND LOCAL; BANKING AND FINANCE REGULATIONS INTERNATIONAL AND LOCAL; BANKING AND FINANCE REGULATIONS
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

The writer 0223 is really helpful. He gave me the best essay ever. Love you loads for such a great job and thanks again.
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

CIPD assignment is not my cup of tea. That’s the reason I sought out this place suggested by my friend. I would say that the writers of this site are really admiring. I was assigned the best CIPD writer that solved all my issues. He explained to me the difficult topics so well that now I am able to talk on those topics eloquently. I owe my writer a huge thanks and praise! And yes, I would recommend other students as well to come to instaresearch.co.uk for the top CIPD assignment help.