What is regulatory liberalism?
The idea that you can be made to think and act in a certain way by laws being introduced to punish you if you don't - and that somehow this makes you,and society, "freer" in some way. A good example is Political Correctness in the USA in the late 20th century;liberals often claim that enforcing their minority views on everyone is "for the good of society" and the implication is that somehow they are morally and intellectually superior to everyone else and that this justifies their actions.
Discuss the implications – “Our regulatory laws are often stated in vague terms, such as reasonable rates?
Discuss the implications of . “Our regulatory laws are often stated in vague terms, such as reasonable rates, inherent advantages, and unjust discrimination.” 500 WORD MINIMUM
What are the implications of Pakistan Electronic Media Regulatory Authority fining Pakistan TV channels Rs 10 million for excessive Indian content?
This is the highest form of anti democratic decision. Penalising media is such a stupid move by the Pak govt. Really Pak govt needs a good leader there.
What are Stripe's legal/regulatory/tax implications for providing its Checkout product?
If a processor is responsible for disbursements, as is the case for Stripe and many other processors, the funds from processing are all going into one account before being paid out to the merchant. In Stripe's case it probably doesn't matter if it's the Checkout product or Stripe.js. They probably have an account for each currency that they manage distributions in, but that would be the only high level reason for separation.There are a few rules around what type of account it can be in, but the main meat of the legal hurdle (in the U.S.) would be around the Money Transmitter License that would be required to handle the cash. That can be quite onerous to acquire.
What are the implications of simultaneous federal and state involvement in the insurance process?
Well, the biggest, obvious complications would be duplication of effort - which is costly - and lack of communication.
What are the most serious implications of the SEC's ruling that DAO ICOs are securities?
Hi, I just want to clarify, what the SEC publicly stated was that the tokens of one organization (the DAO) are securities. It is very much not a general rule for all tokens/ICOS. The SEC intends to approach each token from each ICO individually.Overall I think the most important implications of the SEC’s statement is increased awareness, both amongst those running ICOs and those participating in them. Likely more ICO creators will seek legal counsel early on to determine whether or not their token is a security, and if it is, figure out what existing laws/regulations apply in the countries they want to sell their token in (the SEC only applies to token sales in the U.S.).I wrote a blog post here that breaks down what the SEC actually stated and what it means for ICOs.
What is the difference between legal, compliance and regulatory requirements for financial institution?
Legal requirements is a very broad term that entails pretty much everything from statutory to contractual obligations, ranging from supervisory rules to individual stipulations with Clients.Regulatory requirements is normally understood as the subset of legal requirements that is banking or securities regulation driven, thus excluding things in the private law space or any other legal implications (e.g. general labor regulations, work safety etc, although these are technically regulatory requirements as well).Compliance is the organisation an institution sets up to ensure it doesn't breach any regulatory rules (and potentially other legal requirements). The actual compliance procedures are set up by the Institution and can sometimes exceed the legal regulations in impelementing some "best practice" approach or accomodating cross-border differences between rules, i.e. establishing the stricter rules of one jurisdiction for the entire organisation.
What are the implications of the proposed 2018 repeal of Dodd-Frank for the stock market?
I haven't heard any serious proposals to eliminate the Dodd-Frank Act entirely. Even the financial industry itself isn't calling for that. The Trump Treasury Department has proposed changing the law to address areas where regulation has stifled lending activity, like the rules that govern small and mid-sized banks. Also, the Senate recently passed a bipartisan financial regulation bill, but that's even more modest than the Treasury proposals. The House passed a slightly more far-reaching bill last year, but still well short of repealing the law. See the link below for the first of several reports the Treasury Department has published on changes to financial regulation.Summary of Recommendations for Regulatory Reform
What are the implications of internal check in auditing?
Internal check may be used to review by an authorized person otherwise known as a workflow approval.Accounting close procedures must be internally checked before closing the books for a period in time which would be reported to external regulatory authorities.Key controls might be another type of internal check; hundreds of these types of controls must be designed into all financial transactions and logged which would be the result of internal checks.Segregation of duties must be checkedThere are so many types it would be difficult to list them all.In any case, the implications are primarily intended to reduce or avoid certain risk. Avoid risk associated with financial, regulatory or brand for the organization or agency.
What are the economical and social implications of Bitcoin? Is it sustainable? How will/can it be regulated?
This is the problem of the chicken and the egg. For the price of the bitcoin to stabilize, a large-scale economy needs to grow with more companies and users. For a large-scale economy to grow, companies and users will seek price stability.Fortunately, volatility does not affect the main benefits of Bitcoin as a payment system for transferring money from point A to point B. It is possible for companies to convert their payments into bitcoins into their local currency instantly, Allowing them to take advantage of Bitcoin's advantages without being exposed to price fluctuations. Because Bitcoin offers several unique and useful functions and properties, many users choose to use Bitcoin. With such incentives and solutions, it is possible that the maturation and adoption of Bitcoin will continue until the volatility of its price becomes limited.Bitcoin technology - protocol and cryptography - has a strong track record and the Bitcoin network is probably the largest distributed computing project in the world. The most common vulnerability with Bitcoin is the user error. Wallet files that contain private keys can be accidentally deleted, lost, or stolen. Bitcoin is like cash in a digital form. Fortunately, users can employ strong security practices to protect their money and use service providers that offer a good level of security and insurance against theft and loss.