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Legal Aspects of International Finance (PDF)

Added on - 23 Nov 2020

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Legal Aspects ofInternational Finance.
Table of ContentsINTRODUCTION...........................................................................................................................3Main body.......................................................................................................................................3Identification of crisis in U.S. Economy.....................................................................................3Modification to the US regulatory system..................................................................................5Effectiveness of the changes to the U.S economy.......................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONGlobal financial crisis are termed as worldwide period of economic difficulty that havebeen experienced by large number of consumer and markets. It is a situation when potentialcustomer tends to avoid their purchase regarding different goods and services offered by variousseller (Castles, Haas and Miller, 2013). After GFC there have been large number of changes thathave been done by higher authority of US regulatory. In this project different modification afterglobal financial crisis have been identified and analyses the effectiveness of these changes.Main bodyThe proposes for regulatory movement that begins with the measurement that financialproblems and fright cannot be passed away and are consider to be unavoidable feature of modernmarket economy. So it has been noticed that regulators are considering various action that arerelated to lending practices, tax policies, credit polices, education programs and licensing. It hasbeen observed that regulation made by legal bodies could impact the nature, regulatory andtransparency in reporting that has been require for the legal entities and securities. After thesituation of global financial crisis the U.S president and other legal adviser established a chain ofuseful regulatory proposal at the end of financial year 2009. The substance address customerprotective covering, bank financial conditions, capital requirement, enhanced regulation of theshadow banking scheme and beginning of the authority for the Federal Reserve.Identification of crisis in U.S. Economy.In present time, it is very important for the researcher to identify the problem and issuesin the economy of nation that may be one of the largest reason for the reduction in growth anddevelopment. Financial crisis have a huge impact on the business of nation and also reduces thespending power of consumer. As the prefer to buy product when the economy condition's areimproved that may affect the business of small and large enterprise operation in that economy.So it is essential, before making hope to manage the risk of different crisis in effective mannerthere is a need to define and calculate the impact of those risk in proper way. Thus, it is statedthat first step of business is to design new regulation and create a formal explanation of in orderrisk and to develop particular measure that are sufficiently applicable and making them in use byvarious policy maker and the general public. Therefore there has been different issues that havebeen identified by the U.S regulatory system that have been discussed below:
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