Banking Regulation Financial regulation relates to laws and rules that govern what financial institutions such as banks‚ brokers and investment companies can do. These may be set though legislation or be stipulated by the relevant regulatory agency‚ for instance the FSA in the UK . Regulation is needed to ensure consumer’s confidence in the financial sector . It does this by providing smaller retail clients with protection against potential losses and by protecting consumers against monopolistic
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BANKING REGULATIONS ACT 1949 The Banking Regulation Act was passed as the Banking Companies Act 1949 and came into force wef 16.3.49. Subsequently it was changed to Banking Regulations Act 1949 wef 01.03.66. Summary of some important sections is provided hereunder. The section no. is given at the end of each item. For details‚ kindly refer the bare Act. * Banking means accepting for the purpose of lending or investment of deposits of money from public repayable on demand or otherwise and withdrawable
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healthcare market will attract more and more overseas pharmaceutical manufacturers and producers to penetrate such market. Get full report at: http://www.analyzefuture.com/chinese-guidebook-for-adverse-drug-reaction-reporting-and-monitoring-regulations-2014-market However‚ when searching on website of the Chinese regulatory authority of drugs‚ China Food and Drug Administration‚ you may find there are many announcements of adverse drug reaction reports for those that drugs made by overseas
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THE BANKING REGULATION ACT‚ 1949 (Act No. 10 of 1949) [10th March‚ 1949] PREAMBLE PART I: PRELIMINARY Sections 1. 2. 3 4. 5. 5A. Short title‚ extent and commencement Application of other laws not barred Act to apply to co-operative societies in certain cases. Power to suspend operation of Act Interpretation Act to override memorandum‚ articles‚ etc. PART II: BUSINESS OF BANIKNG COMPANIES 6. 7. 8. 9. 10. 10A. 10B 10BB Forms of business in which banking companies may engage Use of words "bank"‚
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limits as they can to avoid crisis. Yet‚ it cannot be denied that among the sectors “affected” by regulation‚ the area of banking is one of the most important. In an original speech pronounced in August 2012‚ Andrew Haldane‚ the director of the Bank of England denounced a too much complicated regulation in banking. If Haldane admits that the regulation is inevitable‚ it remains that a complex regulation is sometimes useless. Haldane’s speech entitled “The dog and the frisbee” has been discussed in
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attract more and more overseas medical device manufacturers and producers to penetrate such market. To view the complete report‚ visit at: http://www.analyzefuture.com/chinese-guidebook-for-medical-device-adverse-event-reporting-and-monitoring-regulations-market However‚ when searching on website of the Chinese regulatory authority of medical devices‚ China Food and Drug Administration‚ you may find there are many announcements of medical devices recall and adverse event reports for those that
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COMMERCIAL BANKS AND NEW CAPITAL REGULATION MAF 202 - GROUP ASSIGNMENT Prepared By Group 26: Simardeep Sran - 211689444 Due: September 12‚ 2013 School of Accounting‚ Economics and Finance Deakin University‚ Burwood Campus August 30‚ 2013 Dear John Ovens‚ Letter of Transmittal We wish to present to you a research report regarding commercial banks and new capital regulation prepared through collective collaboration between
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with international markets‚ you should be familiar with their laws and regulation as they pertain to marketing. This is imperative and you should take it seriously. It must be god understanding in the law of the country where you launch a campaign. But it is not always possible to know all the nuances. So‚ what is right in this situation? On the one hand‚ some people consider that marketers must know and observe the regulations and laws of the country in which they operate. To my mind‚ it is the
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Why Do We Need Banking Regulation? Name Institution Why Do We Need Banking Regulation? People are so inured to banking directives that they fail to acknowledge the reasons as to why banking regulation is needed in businesses. However‚ there is a recognized failure in giving valid reasons as to why this should be incorporated when viewed from a layman’s point of thinking. Most of the explanations given by conformist —in that the characteristic bank lack of regularity‚ payment insurance‚ the Federal
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Chapter 1 Introduction Islamic banks today exist in all parts of the world and are looked upon as a viable alternative system. While it was initially developed to fulfill the needs of Muslims‚ Islamic banking has now gained universal acceptance.Islamic banking has been in existence since the 1970s‚ and it has shown tremendous growth over the last 30 years. The practice of Islamic banking now spreads all over the world from the East to the West‚ all the way from Malaysia‚ Bahrain to Europe and
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