the use of laws or rules stipulated by a government or regulatory body, such as the Securities and Exchange Commission, to provide orderly procedures and to protect consumers and investors
Wiktionary Definition for: Regulation
Of or pertaining to a regulation or rules.
Ex:''The '''regulation''' rules of baseball.''
A law or administrative rule, issued by an organization, used to guide or prescribe the conduct of members of that organization.
Ex:''Army '''regulations''' state a soldier AWOL over 30 days is a deserter.''
The purpose of this paper is to consider the inter-relationship of bank regulation and securities regulation in order to consider whether a move away from a bank-based financial system towards a market-based system is desirable in terms of crisis prevention. It considers banking regulation while also focuses on the regulation...
Over the last decade, considerable thinking has gone into the issue of how to design more efficient and effective regulation. Much of this thinking has been in field of social regulation and that of environmental regulation in particular. While not all the innovations and insights that have emerged from a...
Debating the minutiae of insurance regulation without a clear understanding of why insurance companies are regulated is futile. In this document, the author discusses the economic rationale for insurance business regulation. The paper concludes that the appropriate role of the regulator in this industry is to enforce contracts, which would...
The paper surveys the theory of banking regulation from the general perspective of regulatory theory. Starting by considering the different justifications of financial intermediation, it proceeds to identify the market failures that make banking regulation necessary. It then succinctly compares how the analysis of regulation compares in the domains of...
Annuities are a vital aspect of a growing number of reformed pension systems around the world, and will be of increasing relevance in Europe as reform of generous social security schemes gather pace. This paper addresses the regulation of annuities, essential to ensure integrity of the system, from three sides...
There is a serious lack of testing of medicinal products in the pediatric population. The European Commission has attempted to provide a structural solution by drafting a regulation. This paper describes the economic, social, sustainable, and environmental impacts of the regulation. The assessment indicates that the proposed regulation will achieve...
This paper focuses on the regulation of electricity distribution business. First, regulation principles of natural monopolies are discussed in general level. Second, different methods used to regulate the electricity distribution business in some European countries are introduced. Third, regulatory models used in Finland, Norway and Sweden are discussed in detail....
Performance-Based Regulation PBR or incentive regulation is characterized by two main properties. First, it gives the regulated firm some behavioral discretion, for example, in the choice of prices. Second, it rewards punishes the firm for improving deteriorating performance relative to the regulator's objectives. In addition, it is often more compatible...
In this paper, the existing system of derivatives regulation is described and proposals for broader and stricter regulation are presented and evaluated. When the public policy concerns behind these proposals are carefully scrutinized, it turns out that there is little or no economic basis for an increase in regulation. Derivatives...
Mark Thoma submits: Tyler Cowen, writing yesterday on financial regulation: Too Few Regulations? No, Just Ineffective Ones, by Tyler Cowen, Economic View, NY Times: There is a misconception that President Bush’s years in office have been characterized by a hands-off approach to regulation. ... But the reality has...
Abstract: United States firms in the early 20th century were subject to public and private regulation. Forms of regulation included rate regulation and stock exchange listing requirements. These regulations created incentives to report income statement information. This study utilizes the 1915 Moody's Analyses of Investments to test whether regulated firms...
Pike & Fischer (Silver Spring, MD) is now offering free access to a new series of six e-zines and users may subscribe to as many as they like. The online ... Pike & Fischer (Silver Spring, MD) is now offering free access to a new series...
This white paper explains that regulation of financial services in the Internet age is characterized by uncertainty. The PricewaterhouseCoopers report "Protect and Survive -Regulation of e- commerce in the Financial Services Industry", challenges regulators and the industry's view in this area. The report challenges the industry to develop their e-regulation...
The issue of regulation and its adverse impacts upon small businesses has been noted by several organisations. The Institute of Chartered Accountants in England and Wales ICAEW report on the 2004 Enterprise Survey estimates that the cost of implementing new legislation costs the UK economy as a whole £7bn a...
Regulation 663 governs the licensing and regulation of insurance agents in Ontario. It was last revised in 1995. In the past nine years, there have been changes in the marketing of financial services, in the business models seen in the financial services sector and most recently in the training process...
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