Regulators: Federal Reserve System and Business Environment Regulators Essay

Submitted By oscar1211
Words: 524
Pages: 3
Open Document
In today’s business environment regulators are more involved than ever. Regulators try to protect the consumers as well as the integrity of our economic system. In my business, the financial services business, we deal with regulators on a daily basis. We are one of the most heavily regulated businesses in the country. To be honest, it is quite overwhelming. We deal with so many agencies, that it is hard to keep track. Companies like mine spend millions of dollars just trying to be compliant with all the regulators. Many of the regulations are well intended and do serve a good purpose.
For example, the equal Credit Opportunity which prohibits lenders from discriminating against credit applicants, establishes guidelines for gathering and evaluating credit information, and requires written notification when credit is denied. This regulation requires banks to have criteria for lending that is blind of sex or race.
Another regulation that makes sense is the Home Mortgage Disclosure which requires certain mortgage lenders to disclose data regarding their lending patterns. These way regulators can see if the lenders are discriminating against a certain are or social group.
There are many more regulations that effect both individuals and businesses. These were two examples related to my industry.
Refrence:
Board of governors of the federal reserve system. (n.d.). Retrieved from http://www.federalreserve.gov/bankinforeg/reglisting.htm

There are many barriers businesses have to overcome in order to do business in other countries. Some of these can be overcome while others cannot. Some businesses try to overcome these barriers internally while others choose to outsource. No one solution is the right one. It is going to vary from one company to another.
One example of a barrier that has to be overcome is a language barrier. If an American company wants to do business in Colombia they have to learn how to do business in Spanish. Not only does it have to be done in Spanish, but it has to be conducted in Columbian Spanish. The language varies from
Show More

Related Documents: Regulators: Federal Reserve System and Business Environment Regulators Essay

Essay about Complexity: Federal Reserve System and u . s. Financial Markets

Complexities of the US Financial System The U.S. financial markets impact the economy, businesses, and individuals in a multitude of ways. Businesses are impacted by the U.S. Financial markets through investing. For instance, if the number of investors lowers dramatically businesses will have a hard time finding funds to grow their business or even start it up at all. Individuals who invest or trade are both positively and negatively impacted. According to Kimberly Amandeo, " The investors profit…

Words 591 - Pages 3

Banking and Financial Institutions Weeks 1-4 Essay

Finance 383 Banking and Financial Institutions Weeks 1-4 Week 1 Financial Markets (FM) and Financial Institutions (FI) are the core drivers of the overall financial system where economic agents carry out financial transactions. It is a place where individuals borrow and invest while corporations and governments finance and invest. FIs perform the essential function of channeling funds from those with surplus funds to those with shortages of funds. Examples of FIs are: Commercial banks…

Words 5225 - Pages 21

financial crisis Essay example

Nearly $11 trillion in household wealth had vanished, with retirement accounts and life savings swept away. Businesses, large and small, had fallen into the sting of a deep recession. All of the above resulted into people feeling betrayed by the system they had believed in, and thus were very angry about the situation, as they had followed the rules and trusted the authority however still found themselves out of a job, and little prospect for their future. The collateral damage of this crisis…

Words 2474 - Pages 10

Investment Banking Essay examples

Bear Stearns’s failure regarding the business model of investment banks? Looking forward is the concept of ‘pure-play’ investment banks sustainable? (1) What’s the role of liquidity for banking and investing banking firms? Liquidity can reveal the untrue existence of cash (and cash equivalents), short-term investments, accounts receivable and accounts payable, etc. To which extent it lives up to the real condition. It measures whether the bank’s business is legal, reasonable and whether the…

Words 4025 - Pages 17

Essay about IRE Assignement Submission 1

Rationale for the regulation of banks, and regulatory arrangements for the banking industry since the financial crisis of 2007-2009 Alex Mouatt, Harry Walker and Sandijs Meisters Industry, Region, and Environment Level I / Year 2 BA (Hons) Economics Bournemouth University Word Count: 3048 Introduction Regulation is a form of government intervention that is adopted in order to influence, in a socially desirable manor, the way industries operate (Cambridge Dictionaries, 2015). Ultimately, government…

Words 4260 - Pages 18

The Dichotomy of Libor Essay

LIBOR is the London interbank offered rate and though the name implies one rate it is responsible for setting about 150 different rates tied to $350 to $800 trillion of currency worldwide. The rate affects derivatives, mortgage rates, interest rates, currency evaluation, loans, and much, much more. The average American might not be familiar with how the rate operates, what the rate does, and how it affects them. Recently, the LIBOR rate was shown to be fixed by Barclays, Bank of America, Citibank…

Words 3510 - Pages 15

Ethical Issues and British Petroleum Essay

The ethics of a particular business can be diverse. Many business have gained a bad reputation just by being in business For example like the issue of oil companies polluting the environment and putting other peoples life in a health risk .Businesses are interested in making money and that is the bottom line. This could be referred to as CAPITALISM in its purest…

Words 2299 - Pages 10

Economics and Financial Markets Essays

2008-09: Triggers, Trails, Travails, and Treatments † Ganti Subrahmanyam * The present world economy has, increasingly, been interconnected in terms of small units such as industries, regions and national economies as discontinuous systems. Changes in these systems have varied impact across the world economies. This paper tries to trace out various triggers, trails and travails of the present crisis, with a view to suggest solutions or treatments for the global financial crisis of 2008-09. For instance…

Words 8163 - Pages 33

The Mortgage Housing Crisis

Central banking system in the United States has been operating since 1790, when the United States government needed to gain a concrete financial foundation to deal with the accrued war debt. The government granted the banks permission to print currency and to clear check payments. The banks regulated the currency flow and went through four wars before the banking system went through a complete overhaul. In 1913 the central banking system was changed through the inception of the Federal Reserve banking system…

Words 3117 - Pages 13

The Impact Of The Subprime Crisis

leading to defaults and foreclosures. * Many reasons for this premise – large savings by Chinese households, low interests and expansionary monetary policy. * However fundamental reasons may be that history teaches us that benign economic environments often lead to credit booms. Recent and current strong returns leads to stronger optimism for future returns. * Sustained economic growth. House prices increased for every year since 1991 and even through the recession of 2001. * Understatement…

Words 1740 - Pages 7