TITLE

US financial recovery: Political regulations or a plan for the future?

AUTHOR(S)
Chambers, Clare
PUB. DATE
June 2010
SOURCE
Journal of Banking Regulation;Jun2010, Vol. 11 Issue 3, p240
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Although many commentators are examining and expounding the economic crisis, as it affects the United Kingdom, it is important to note that the economic crisis is global. The economic crisis in its commencement emanated a ripple effect of pervasive economic crisis, which spread across the globe. If the economic crisis was a global phenomenon, then maybe financial recovery can be global as well. Overall, the article is commenting on the fact that, although we, in the United Kingdom may be concerned directly with the UK financial recovery, it is important to maintain consciousness on the United States because, after all, crisis is not isolated to one country. This is because the financial system sees no boundaries and recovery and crisis has shown us this quite profoundly. This article examines the new Financial Recovery Reform Paper. This article is divided into three parts. First, the article examines briefly the economic crisis in the United States, thus setting the scene for the Financial Recovery White Paper. The second part examines the White Paper in detail and expounds the aims and objectives. Finally, the article explores the outcome of the US financial system and, although only hypothesising at the future, the article concludes that, similar to the United Kingdom, the United States will return to a more simplified and more regulated financial market. Ensuring that less risk is taken and more compliance is followed this article can be contrasted with the White Paper proffered by the Labour Government in the United Kingdom, although it is outside the remit of this article to discuss the White Paper.
ACCESSION #
51313298

 

Related Articles

  • NO RESERVATIONS. STEYN, GRETA // Finweek;9/10/2009, p69 

    The article presents the author's view concerning the impact of the global financial crisis to several countries. The author mentions the struggle of other countries in order to regain their economy and cites the nations that have gradually recovered including France, Germany, and Japan....

  • ARRA IS NOT ENOUGH.  // American City & County;Dec2009, Vol. 124 Issue 12, p14 

    The article reports that the economic struggles of local governments could slow the U.S. recovery from recession, according to a study conducted by the Washington-based Economic Policy Institute (EPI). The study also concludes that the 106 billion U.S. dollars worth of aid from the American...

  • Restructuring Your Business From Top to Bottom. Bergin, Brian // Accountancy Ireland;Feb2010, Vol. 42 Issue 1, p24 

    The author discusses the procedures regarding business recovery, addressed to directors and executives in different companies. The author mentions the ill-effects of the global financial crisis to the operation of several companies. The author also highlights the steps for business recuperation...

  • Tiny Steps Toward Recovery. Marks, Jennifer // Home Textiles Today;9/7/2009, Vol. 30 Issue 22, p38 

    In this article, the author discusses the efforts of several business enterprises for the recuperation of their operations in the U.S. amidst the global economic recession. The author notes the measures implemented by various companies in order to attain recovery from the loss they have acquired...

  • Publics Want More Aggressive Government Action On Economic Crisis: Global Poll July 21, 2009.  // World Public Opinion Poll - Topic of Globalization & Trade;2009, p1 

    The article presents a survey conducted by WorldPublicOpinion.org regarding the measures in mitigating economic crisis. Survey shows the differences among the countries in terms of their respective government's efforts for economic recovery. It highlights the countries that have exerted their...

  • E&MJ's Annual Survey of Global Mining Investment. Ericsson, Magnus; Larsson, Viktoriya // Engineering & Mining Journal (00958948);Jan/Feb2010, Vol. 211 Issue 1, p24 

    The article presents an industrial survey regarding the investment condition in mining industry. Survey shows that the said industry has suffered investment decline, which has reached down to 32 billion U.S. dollars, due to the global financial crisis in 2009, compared to 2008. Meanwhile, it...

  • Did Hospital Value Improve with the Economy? Cleverley, Jamie; Baylis, Lawrence // Strategic Financial Planning;Fall2012, p8 

    The article focuses on several questions related to the significance of hospital value in the economy after the Great Recessions. It mentions that hospitals have high value in the community when it is financially viable, if it reinvesting back in the facility and when it maintain low cost and...

  • BIO 2010: Biotech enters 'new normal' phase.  // Australian Life Scientist;5/4/2010, p1 

    The worst of the global financial crisis has passed, but the biotech industry isn't returning to business as usual.

  • 3 Producers Share Recession-Era Lessons. Finora, Joseph // Agent's Sales Journal;Jan2010, p12 

    The article focuses on the lessons learned on the experience during market recessions. Though in year 2009 the economy started growing, there are things that should still be considered including the importance of good people in the business environment, practices in the market to succeed, and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics