Anzeige
Erschienen in:
2020 | OriginalPaper | Buchkapitel
12. Regulating Banks and Insurance Companies
verfasst von : Vasant Chintaman Joshi
Erschienen in: Digital Finance, Bits and Bytes
Verlag: Springer Nature Singapore
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Abstract
Regulatory policies are at cross roads. In the USA, regulatory and supervisory apparatus is being dismantled. On the other hand, the authorities in the UK are thinking of strict supervision and even ring fencing of institutions if required.
A noteworthy development is of focus on customer behavior and a critical evaluation of various schemes and products through their impact on the customers is being brought into play. Behavioral sciences are playing an important role in this development. The establishment of the financial conduct authority and their articulation of behavioral aspect under study are steps in the right direction. Even countries like Australia are trying out these methods and one hopes that customers in the long run would stand to benefit and would be saved from nefarious activities of rogue traders coming up in the market.