Introduction The current regulatory structure in Hong Kong 3. Hong Kong’s current approach to regulation can be characterized as institutional with functional aspects. This means that the firm’s legal status (bank‚ broker or insurance company) determines which regulator is responsible for supervising its activities from both a prudential and conduct of business perspective. However‚ this has been modified in Hong Kong to allow for the fact that banks are conducting a broader range of financial
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‘There is too much accounting regulation’. In order to address this comment‚ this essay will focus on how theories of regulation apply to accounting practices and the necessity of accounting regulation. First of all‚ according to Oxford Dictionaries‚ accounting means ‘the process or work of keeping financial accounts’. While regulation is ‘a rule or directive made and maintained by an authority’. (Oxford Dictionaries 2013) Since long ago the necessity of accounting regulation has been keep questioning
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Sakar Mathews Howell‚ Matthew M.A. ENG 111‚ English I - Section 17 15 November 2011 Cheap Labor: An Ethical Dilemma? United States companies are continuing to relocate factories to undeveloped countries and barely pay employees enough to live on. The outsourcing of manufacturing positions to foreign nations has grown increasingly popular among U.S. companies in recent decades in an effort to significantly reduce production costs. including‚ but
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In APAC‚ the Biosimilar Market is Set to Grow The market sentiments towards biosimilars vary widely between the regulated and the semi- and unregulated markets. While regulated markets adopt an extremely cautious approach‚ the ‘pharmerging’ markets embrace the opportunity. Though ‘biobetters’ are often projected to have better future prospects over biosimilars‚ at least in the emerging markets the inclination is clearly towards biosimilars. The APAC region is particularly promising as a manufacturing
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Regulation and the Greater Good After viewing The Crisis of Credit Visualized video‚ respond to each of the following: 1. How could government regulations have prevented or mitigated the credit crisis of 2008? The government could have placed tighter constraints on the credit market; the government agencies charged with managing banking policies and procedures could’ve formulated a policy that would require that banks were only able to hedge a certain amount of liability as long as they had enough
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Administrative Ethics Paper Carolina Mendoza HCS/335 4/13/2015 Robert Vella Administrative Ethics Paper There are many issues that trouble the health care industry. The technological revolution that has been taking place the last 20 years has not only taken the healthcare industry by storm‚ and revolutionized it‚ but it also has made it take a closer look at its privacy laws. “Patient’s rights are those basic rule of conduct between patient and medical care givers as well as institutions and people
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1.- If a company is considering switching production to a country where wage costs are lower‚ to what other factors will it need to take into account before doing so?Research has shown that the overall number one reason and motive for switching production to other countries is to reduce costs. In markets with limits in product differentiation price competition is more important‚ as well as being able to offer almost identical products at lower price. This has typically been the case with consumer
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REGULATORY CAPTURE THEORY Capture theory assumes‚ firstly‚ that all members of society are economically rational. Therefore‚ each individual will pursue his or her self-interest to the point where the private marginal benefit from lobbying regulators just equals the private marginal cost. Regulation has the potential to redistribute the wealth. Therefore‚ people lobby for regulations that increase their wealth. Second‚ the capture view assumes‚ as with public-interest theory‚ that the government
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March 15th‚ 2013 Dr. the Honourable Peter Phillips Minister of Finance and Planning The Ministry of Finance and Planning 30 National Heroes Circle Kingston 4 Jamaica Re: Appeal letter for intervention in the financial regulations Dear Sir: This is with reference to the new regulatory regime for financial institutions. The Laguna Group is a small collection of financial establishments that are not regulated by the Bank of Jamaica (BOJ) and have been self-regulated for the past sixty years
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Consider a health care organization that is unable to meet all of its relevant regulatory requirements. Answer the following questions about this organization * What short- and long-term actions should they use to come into regulatory compliance? For an organization‚ understanding the issues around regulatory compliance can be a difficult and frustrating attempt. A short-term action an organization has to use to come into regulatory compliance is identifying standards of care. An understanding
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