Critically discuss the developments in banking regulation that have Essay - 1

Critically discuss the developments in banking regulation that have been, and continue to be, put in place as a result of the ec - Essay Example A track record should be kept so that similar incidences are not replayed in a given economy. However, this has not always been the cases. Various financial crises have often been recurrent due to the poor response mechanisms by the local and at times the international regulatory agencies. Failures of various governments in managing trade liberalization. The governments in these cases have failed to properly introduce their national economy into the international capital market (Raghavan, 1998). An important point to note in the issue of the economic and financial crises is that they are similarly characterized in both the developed and the developing countries. The causal factors and the manifestation of the economic crises are more or less the same across all the economies in the world (Raghavan, 1998). There are also some lessons that can be learned from the global financial and economic crises and that can be used to provide an insight into the possible preventive and management mechanisms for future crises. One lesson is that it is not appropriate to make changes in the financial system of a given country when the country is already experiencing a crisis (Raghavan, 1998). It was also observed that ‘when currency turmoil is associated with financial difficulties, raising interest rates may simply worsen the situation by bringing about widespread corporate and bank insolvencies’ (Raghavan, 1998). Besides, it has also been noted that it is often a big loss to a given economy if the currency in the economy loses value in the international money market when it had international creditors (Raghavan, 1998). 2. Causes of an economic and financial crisis The proper management of financial crisis requires a thorough understanding of the possible causes of the crises and the features characteristic of such situations. A reduction in the average income caused by underemployment or unemployment increases the poverty level among a given population. This cou pled with an increase in the cost of living like food prices and other human needs provides a proper avenue for an economic crisis (Raghavan, 1998). The situation then worsens and can only be redeemed by addressing unemployment issues, lowering interest rates, expanding liquidity and increasing public expenditure by the governments (Raghavan, 1998). 3. Developments in banking regulations The banking regulatory measures are aimed at strengthening the global capital in order to have a flexible banking industry. The regulatory developments aim at improving the ability of the banking industry to absorb stress that follows a given financial stress so that the overall effect is not felt on the economy. The efforts also aim at ensuring proper governance and developing techniques for risk management by the banking institutions. The regulations ensure that transparency and accountability are manifested by the banking institutions. They outline the appropriate procedures for market disclosure s by the financial institutions to enable the investors build confidence in the banking institutions. The crises that have been witnessed gave out a picture of what the regulatory bodies have been in the recent past and that led to their failures in mitigating the crises. The characteristics of the crises showed that there were no proper techniques for prudential regulations by the regulatory bodies. Firstly, it was observed that the regulatory procedures were not sufficient enough in managing

Medical Incident in nursing Essay Example | Topics and Well Written Essays - 3000 words

Medical Incident in nursing - Essay Example However, in today's world, where the scientific world has come of age in its standing vis--vis disease care and prevention, subsidiary issues have emerged that are considered to be of prime importance in the realm of health care. The changes in society and life all around the world have brought about considerable changes in the lifestyles of people. Similarly, the profession of health care has seen its development through the ages, and many additional factors like ethical, legal and professional concerns need to be understood better. The learning outcomes associated with this course are crucially linked to the integral understand of clinical issues and practice. This paper in turn shall go a long way in reestablishing the norms that were to be established by the goals for this course. Understand the domain of every prong individually is of vital importance: As was mentioned earlier, knowledge of legal issues to the cause of clinical practice has now become imperative. Though universal laws for humanitarianism and morality remain constant for humans, yet there are certain legal implications that are different for certain countries and even states within countries. It must be understood by a practitioner, that the legal clauses are not a matter of burden, but actually a facilitating and binding factor that ensures that the provision of health care would be unequivocal and just for all. It is further understood, as to how can a certain health care provider find oneself in a tight corner due to legal concerns, simply due to lack of awareness, and mere complexity of the science of medical health. b) Recognizing and supporting the pivotal role of documentation in clinical practice The current face of health care is largely a product of the advancement made during and after the World Wars. However, despite the magnitude and quality of work that was done at that time, the obvious constraint due to the war was that a systematic procedure for providing health care cannot be established. Much has changed since then, and the corporate face of the organizations in the changing world has brought about a new shape to the domain of clinical practice. With the inception of concepts like quality and the ISO standards, what the world of today has realized, is that documentation, for any system of work, is not only essential, but is a must. This assignment has gone a long way to establish all this. Specifically focusing on the ethical, legal and professional issues, it has enabled to understand all the paraphernalia that are associated with the direct science of health care. Documentation is as important as giving of medicine to the patient. No scientific treatment in the contemporary world is possible with out the necessary documentation throughput the process. Archival record, current and past medications, and future preventions, all are possible simply because of efficient records. c) Recognizing and analyzing legal, ethical, political and professional issues Though the importance and significance of the three major issues has been established, yet appropriate working with these concerns in minds is still easier said than done. For a new practitioner, it is extremely important to