Bank regulation Essay Example | Topics and Well Written Essays - 3000 words - 1

Bank regulation - Essay Example Banks are big players in the financial sector of governments in the world. Because of that, banks affect the countries economically and hence their operations must be monitored. Some banks are very large that they are considered, â€Å"too big to fail† (Andrew, 2010). That means that such banks would cause a lot of economic problems if they were to go down. Such banks are very sensitive to their country’s economy as it is partially dependent on them. In the instance the banks crumble, it takes the government to provide funds to bail them out. If the government were to fail to do so there would be a financial crisis in the country. Bank regulation was put in place to achieve some aims. The aims and objectives vary from country to country but there are those that stand out and are common in many countries. Some of the aims are systemic risk reduction, protecting bank confidentiality, increasing credit allocation to deserving clients and to decrease fraud in banks. Systemi c risk reduction ensures that the financial system of a country does not fail completely due to irregular trading conditions of banks (Alexander, 2006, p.184). Protecting bank confidentiality ensures that the information that a bank is entitled to rightfully withhold from the public is not leaked. Credit allocation ensures that the right and deserving entities can access loans from the banks. Decreasing fraud ensures that banks are not used to perform financial malpractices like money laundering. Bank regulation occurs by applying certain principles that vary from country to country. Some principles are however common in most of the countries. The general principles of bank regulation therefore include supervisory review, market discipline and minimum requirements. Supervisory review involves licensing and monitoring of banks. For banks to operate they need to be licensed and this is done by the financial regulator. The Bank regulators after licensing banks monitor them to ensure they

The Impact of Apple Devices on Society Research Paper

The Impact of Apple Devices on Society - Research Paper Example From the discussion it is clear that Apple Inc is a renowned America-based multinational conglomerate operating in software as well as hardware industry. The head office of Apple is situated in Cupertino in the region of California. It was established in the year 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. It possesses in its assortment variety of products such as iPod, iTunes, iPhone, Apple TV, Mac accessories, and software to gratify customers’ desires. There are about 364 retail stores of Apple operating to present excellent products and /or services to its customers. In addition, the company employs approximately 60,400 employees across the globe to maintain its operations in an efficient way. As the paper highlights Apple has offered more attention to the facet of constant research and development to present various types of innovative products to the people. It facilitated Apple to expand its market share and profitability by a considerable extent. Moreover, it also improved the total sales of its products, thereby amplifying its supremacy in the market as portrayed in the figure below. The sales growth of the products of Apple is also shown in the below diagram, which reveals that the citizens across the globe highly prefer the products of Apple. In fact, the demand and the supremacy of the products of Apple amplified in recent years. Apple is recognized as one of the most successful brands in software market across the globe.