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
Premium Regulation Administrative law
Define regulatory arbitrage. Briefly discuss the new capital buffer requirements proposed under Basel 3. Regulatory Arbitrage This is a practice whereby firms capitalize on loopholes in regulatory systems in order to circumvent unfavourable/unprofitable regulation. Arbitrage opportunities may be accomplished by a variety of tactics‚ including restructuring transactions‚ financial engineering and geographic relocation. For example‚ a company may relocate its headquarters to a country with lower tax rules and favourable regulatory policies to
Premium
Administrative Law and Regulatory Agencies Legal Environment of Business (DEA) Drug Enforcement Agency The administrative agency we decided on was the Drug Enforcement Agency (DEA). It was created by President Richard Nixon in 1973 through an Executive Order to establish unified command to combat. It was formed to regulate and put a stop to drug trafficking. It has nearly 5‚000 Special Agents and a budget of $2.02 billion per year. Also‚ a few more reasons on why it is formed: Manage
Premium Drug addiction Law United States
regulatory framework that financial advisers must consider‚ and by which they must abide There are a number of regulators in which financial advisers must consider and abide to ensure that clients and their assets are protected‚ and can confidently depend on a financial adviser in planning their retirement. The core of the regulatory environment within which financial advisers must consider is the Corporations Act along with the Financial Services Reform Act‚ and the Financial Planning Association’s
Premium Finance Economics Financial services
analysis of regulatory compliance REGULATORY COMPLIANCE IN OIL AND GAS COMPANY [pic] by Maria Regina Nittya .P 1-3411-069 Internship Report Submitted to the Faculty of INTERNATIONAL BUSINESS ADMINISTRATION [pic] EDUTOWN BSD City Tangerang 15339 INDONESIA January 2013 APPROVAL PAGE | | | | |11 January 2013 | |
Premium Internal control Petroleum Management information system
Regulatory Agency Paper Christy Dockery HCS/430 April 20‚ 2011 Reginald Bernard Regulatory Agency Paper Every healthcare organization should provide proof of accreditation. Accreditation assures any healthcare organization that the standards have been met and maintained. Joint Commission on The Accreditation of Healthcare Organizations (JCAHO) provides accreditation. JCAHO evaluates healthcare organizations that voluntary seek accreditation. JCAHO is made of individuals from the private
Premium Health care Health care provider Hospital
Introduction to the regulatory environment in India The regulatory environment also known as Legal Aspects of Business‚ Business law‚ Commercial Law‚ Mercantile law is a subject which provides an element of limitation to all the business strategies regulated through different statutory provisions and rules. It not only emphasizes on substantive law but also on procedures and compliances thereby prepares the students of Business for the legal environment they would eventually face in the corporate
Free Law Separation of powers
Memorandum TO: Congressman Ed Markey‚ Congressional Bipartisan Privacy Caucus FROM: RE: Oversight methods for domestic UAV use Date: May 24‚ 2012 Background Until recently‚ almost all domestic use of unmanned aerial vehicles (UAVs) was prohibited by the Federal Aviation Administration (FAA). At the behest of Congress however‚ the FAA has begun to take incremental steps to allow the widespread use of UAVs throughout the United States. In the first rulemaking since it was asked to ease regulations
Premium Privacy Privacy law Unmanned aerial vehicle
The nine major regulatory bodies are: Internal Revenue Service (IRS) which is the federal agency responsible for administering and enforcing the Treasury department revenue laws through the assessment and the collection of taxes‚ determination of pension plan qualifications‚ and related activities‚ Securities and Exchange Commission (SEC) which is an independent federal agency that is responsible for regulating securities market in which stocks and bonds of the major companies is traded‚
Premium Financial Accounting Standards Board Finance Certified Public Accountant
STATEMENT OF PURPOSE M.S. REGULATORY AFFAIRS The idea of graduate study in USA has always fascinated me. I always believed that America‚ as a nation‚ is role model for all the nations‚ who have vision to provide their people with the benefits of science and technology. I always held it in very high esteem as a nation. As one with zeal to excel‚ I admired this nation where excellence is encouraged‚ appreciated‚ recognized and rewarded. I belive that
Premium College Microbiology Postgraduate education