Question 1
Historically, regulation has been based on local or national issues and concerns, but as the markets have become more and more global this has given rise to attempts to harmonise international initiatives, both to ensure greater global stability and to enhance cross-border opportunities. Management Assignment Help
Which do you consider to be the main factors which contribute to change in the regulatory environment and why? Discuss this subject and include in your response to relevant examples that support your views, from jurisdiction and sector of your choice.
Question 2
Explain the concept of risk management, describing its purpose within the regulatory environment and showing, through the use of relevant examples, why effective risk management, at both a jurisdictional level and within a regulated firm, are both important for each of the following stakeholders:
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• The regulators of regulated firms
• The board of regulated firms.
Question 3
Provide an overview of the regulatory methodology of the regulator(s) of jurisdiction and sector of your choice, briefly identifying and explaining each of the different elements within it. Show, through the use of appropriate examples, how each of the different elements within the regulatory methodology reflect what regulators expect of the firms they regulate. Management Assignment Help
Question 4
Having recently joined the regulatory compliance team of International Organisation (IO) a firm regulated in a jurisdiction and sector of your choice, you are keen to use the experience you have gained throughout your previous regulatory compliance roles elsewhere to help you in your new role.
For one of your first projects at IO you have been asked to attend a planning meeting during which priorities in terms of training and education for the coming year will be discussed.
At the meeting it is agreed that, in order to support recent efforts in this area within IO, the main training and education activities will be aimed at increasing employees’ broader knowledge around the importance of regulation, improving staff understanding and promoting the benefits of this to the firm.
Given your previous experience, the Compliance Officer has asked you to produce material that will act as background information to some of the specific activities to be developed. This requires you to reflect on the current priorities and areas of focus of the regulator of IO.
With reference to published documentation and illustrative examples:
a) Identify the main challenges and current priorities for your chosen regulator over the coming months and discuss their relevance for the regulatory environment in your chosen jurisdiction and sector.
b) Discuss the relevance of these challenges and priorities for a firm regulated by your chosen regulator and demonstrate why and how these might be most effectively supported through the activities of the main stakeholders within the regulatory environment overall. Management Assignment Help