Wednesday, May 6, 2020
Basel III Is A Global Standard Of Banking Regulation. Do You Think Essay
Essays on Basel III as a Global Standard of Banking Regulation Essay The paper "Basel III as a Global Standard of Banking Regulation" is an excellent example of an essay on finance and accounting. Basel III is the result of the global financial crisis happened in 2008, where it gives a chance to a basic reformation of the risk and regulation perspective within the international financial market. In this regard, the BCBS (Basel Committee on Banking Supervision) has cooperatively developed a new framework in order to reinforce the liquidity and capital regulations internationally for endorsing a robust baking industry, named as Basel III (Greenley, Kelly, Forgarty, Dutta, 2011). It initiated a conceptual alteration in the liquidity and capital principles. It has become the requirement of firms that are competing on a global basis, and are exposed to the financial and regulatory risks seen in the financial crisis of 2008. However, this framework provides a solution to many issues existing in the contemporary banking industry, but still, it raises some i mplementation concerns that are significant for its application.à Among these concerns, the most important issue is its regulatory effect, where many economies face issues in obtaining the adequate level of liquid assets in the money market for complying with the new conditions, such as in South Africa. Another problem is regarding the calibration of the news agenda, as the banks have obtained assistance from the government during the financial crisis, so it would be insufficient for depending only on the bankââ¬â¢s information (Willink, 2011). In addition, the central bankââ¬â¢s role should also be taken into the account, as this bank can generate liquidity conditions any time, so the requirement of securing extra liquidity would be an injustice for banks. It would result in inadvertent outcomes. This implementation would also affect the central bankââ¬â¢s role in applying the monetary policy. Moreover, such new liquidity regulations would be difficult to apply because of spending short time finance for liquidity in banks (Bech Keister, 2012 ). Thus, it is of high significance to manage and apply the Basel III wisely for circumventing supervisory arbitrage and other issues.
Tuesday, May 5, 2020
Puritans and Sex free essay sample
In the article, ââ¬Å"The Puritans and Sexâ⬠, author Edmund S. Morgan argues that the puritans were much more freethinking than their conservative stereotype. Most of what things said about the Puritans may have been exaggerated and just like all normal people Human sexuality, in the world they would indulge in such things as sex and marriage. Of course according to laws in the 1630s when the Puritans were around, it was required that in order to indulge in such actions of ââ¬Å"pleasureâ⬠you must first be married. Many male and women servants would have ââ¬Å"illicit sexual intercourseâ⬠and be whipped by their masters. Ironically according to Morgan, most of the time that a woman would have sex, or get raped would be by her master. The reason for many of these illegal sexual actions was because most of the males would already have a wife before settling to the colonies. Most of these males came from England, and left their wives over there in search of money and better living for their families. We will write a custom essay sample on Puritans and Sex or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page So in order to fulfill their sexual needs, the male would have to get married to another woman (sex was only permissible if married). According to laws in the seventeenth century and laws according to today, bigamy and polygamy are both felonies. Now this would leave the man with two choices. Either have illicit sex or get married (illegal) and have legal sex while being in risk for getting caught for both. Truly this left the male with two unlawful decisions that left him with no right choice. As fornication laws got more strict, parents of children decided to marry their children at a very young age, therefore young adults would not participate in illegal sexual activities if the right husband or wife was chosen. Edmund Morgan says that instead of trying to make punishments for people who fornicated and participated in other prohibited acts, they would try to prevent this from happening before they had punished. All the laws and legal threats did not prevent people from illegitimate sex as it wouldnââ¬â¢t happen in our period of time. Morganââ¬â¢s message in this article is that there are many misconceptions in different life styles. This article proves that even though the Puritans practiced strict religious discipline, there were still flaws and illegal acts committed as there are in almost every society of religious and secular people.
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