UK’s Regulatory System

Write a 1500 word paper answering; The regulatory system of the UK went through a dramatic change in the recent past when the Financial Services Authority (FSA) was abolished in the wake of the current financial crisis. The credit crunch and the resulting economic downturn that both US and UK faced, therefore, prompted for radical changes to be made into the financial regulatory system. The proposed changes in the US financial system also indicate that there may be more powers to be given to the Federal Reserve System (FED) to effectively control the financial services industry. Similarly, the UK has given more powers to the Bank of England to improve its role as the supervisor of the Financial System by abolishing Financial Services Authority.The overall structure of the regulatory system of both the countries is, therefore, going to change soon, and as such new foundations may be laid. This paper, therefore, will attempt to discuss the structure and objectives of the UK and US’s financial regulatory system and critically analyze as to whether the system can regulate the financial services industry.Theoretically, it is argued that government intervention in the market is necessary to remove or correct the imperfections in the market. Market imperfections can be created due to many reasons however, to correct them. the government has to intervene in the form of regulations to restrict certain actions otherwise performed by markets without significant hindrances.It is argued that financial markets tend to work better when investors have all the information and markets are free from the manipulative power of few. What is significant however is the fact that failure of one financial institution can cause the failure of other institutions thus the contagion effect of the failure can cripple the whole economy of a country. Due to this inherent risk and weakness of the financial services industry, it becomes more important that the government should have a better role.

Myhomeworkwritings
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Why Choose Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Open chat
Chat with us Live Here
Get in Touch with Our Live Chat Agents via WhatsApp on +1(346) 416-0954. Get Unlimited Access to Answers on Any Queries With Your Paper.