Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Report Of The Financial Services Authority On The Review Of The Regulation Of The Equitable Life Assurance Society From 1 January 1999 To 8 December 2000 Which Her Majestys Government Is Submitting As Evidence To The Inquiry Conducted By Lord Penrose
Download Report Of The Financial Services Authority On The Review Of The Regulation Of The Equitable Life Assurance Society From 1 January 1999 To 8 December 2000 Which Her Majestys Government Is Submitting As Evidence To The Inquiry Conducted By Lord Penrose full books in PDF, epub, and Kindle. Read online Report Of The Financial Services Authority On The Review Of The Regulation Of The Equitable Life Assurance Society From 1 January 1999 To 8 December 2000 Which Her Majestys Government Is Submitting As Evidence To The Inquiry Conducted By Lord Penrose ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Report of the Financial Services Authority on the Review of the Regulation of the Equitable Life Assurance Society from 1 January 1999 to 8 December 2000, Which Her Majesty's Government Is Submitting As Evidence to the Inquiry Conducted by Lord Penrose by : Financial Services Authority (Great Britain)
Download or read book Report of the Financial Services Authority on the Review of the Regulation of the Equitable Life Assurance Society from 1 January 1999 to 8 December 2000, Which Her Majesty's Government Is Submitting As Evidence to the Inquiry Conducted by Lord Penrose written by Financial Services Authority (Great Britain) and published by . This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 8 December 2000 Equitable Life announced that it would stop writing new business. This followed a period of uncertainty following a House of Lords judgement, which ruled that it was a breach of contract for them to reduce the terminal bonuses of policyholders who had an annuity at a fixed guaranteed rate. This report examines background to the problems of Equitable Life and the regulatory lessons that could be learnt. It describes the regulatory structure under which Equitable Life operated; the nature of the Guaranteed Annuity Options of the policies and the solvency regime of the Insurance Companies Act 1982. This is followed by a narrative account of the events leading to the FSA assuming responsibility for the prudential regulation of Equitable Life and there is an assessment of the way the FSA and PIA discharged their statutory functions. Finally there are a number of recommendations that cover such issues as: solvency standards; guarantees and options within policies; financial reinsurance; control levels; the role of the appointed actuary; disclosure; the regulatory approach.
Book Synopsis Banking Regulation of UK and US Financial Markets by : Dalvinder Singh
Download or read book Banking Regulation of UK and US Financial Markets written by Dalvinder Singh and published by Routledge. This book was released on 2016-04-15 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dalvinder Singh provides an interdisciplinary analysis of the legal aspects of prudential supervision. This gives the reader a broader understanding of the core processes of banking supervision. By using the UK as a case study, a comparison is made with the US to illustrate the different ways of approaching the issues. The author examines the legal as well as the theoretical, economic, political and policy issues that underpin the purpose of prudential supervision, such as corporate governance, enforcement sanctions, the role of external auditors and accountability of financial regulators. These are considered in the context of broad-policy considerations which render prudential supervision necessary, namely financial stability and depositor protection. The book will be of interest to academics, policymakers, regulators and practitioners, and equally will serve specialist undergraduate and postgraduate programmes in law, management and economics which focus on financial regulation.
Book Synopsis The Role of Principles and Practices of Financial Management in the Governance of With-Profits UK Life Insurers by : Ian Dewing
Download or read book The Role of Principles and Practices of Financial Management in the Governance of With-Profits UK Life Insurers written by Ian Dewing and published by Butterworth-Heinemann. This book was released on 2009-05-28 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: PPFMs have emerged as key internal and external governance documents for the management and regulation of with-profits funds as boards must ensure that financial management practices are in accordance with PPFMs. This book presents the results of the special corporate governance arrangements of financial services firms. Management accountants have a role not only in the development and operation of systems producing PPFM information but will also need to use PPFM information to understand and compare financial performance. - A significant contribution to the research literature on the regulation of the UK financial services industry and on the special corporate governance arrangements of financial services firms - A greater knowledge of the development, use and perceived efficacy of principles and practices of financial management (PPFMs) will enhance the understanding of management accounting and reporting at varying levels of complexity so enabling management accountants to use PPFM information to understand and compare financial performance - Enables Life Assurers to comply with the requirement by the Financial Services Authority to prepare and publish a document called 'Principles and Practices of Financial Management' which also has to be in a 'consumer friendly' version
Download or read book Actuarial Science written by Hanji Shang and published by World Scientific. This book was released on 2006 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since actuarial education was introduced into China in the 1980s, Chinese scholars have paid greater attention to the theoretical research of actuarial science. Professors and industry experts from well-known universities in China recently worked together on the project ?Insurance Information Processing and Actuarial Mathematics Theory and Methodology?, which was supported by the Chinese government. Summarizing what they achieved, this volume provides a study of some basic problems of actuarial science, including risk models, risk evaluation and analysis, and premium principles. The contributions cover some new applications of probability and statistics, fuzzy mathematics and financial economics to the field of actuarial practices. Discussions on the new insurance market in China are also presented.
Download or read book Red Tape written by Robin Ellison and published by Cambridge University Press. This book was released on 2018-06-14 with total page 717 pages. Available in PDF, EPUB and Kindle. Book excerpt: Red Tape tells the sometimes astonishing story of the making of laws, both good and bad, the recent explosion in rule making, and the failure of repeated attempts to rationalise the statute books - even governments themselves are concerned about the increasing number and complexity of our laws. Society requires the rule of law, but the rule of too much law means that the general public faces frustrating excesses created by overzealous regulators and lawmakers. Robin Ellison reveals the failure of repeated attempts to limit the number and complexity of new laws, and the expansion of regulators. He challenges the legislature to introduce fewer yet better laws and regulators by encouraging lawmakers to adopt practices which improve the efficiency of the law and the lives of everyone. Too much law leads to frustration for all - Red Tape is a long overdue exposé of our legal system for practitioners and consumers alike.
Book Synopsis Return to an Order of the Honourable the House of Commons Dated 16 October 2001 for the Report of the Financial Services Authority on the Review of the Regulation of the Equitable Life Assurance Society from 1 January 1999 to 8 December 2000, which Her Majesty's Government is Submitting as Evidence to the Inquiry Conducted by Lord Penrose by :
Download or read book Return to an Order of the Honourable the House of Commons Dated 16 October 2001 for the Report of the Financial Services Authority on the Review of the Regulation of the Equitable Life Assurance Society from 1 January 1999 to 8 December 2000, which Her Majesty's Government is Submitting as Evidence to the Inquiry Conducted by Lord Penrose written by and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Journals of the House of Commons by : Great Britain. Parliament. House of Commons
Download or read book Journals of the House of Commons written by Great Britain. Parliament. House of Commons and published by . This book was released on 2001 with total page 952 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Parliamentary Debates (Hansard). by : Great Britain. Parliament. House of Commons
Download or read book Parliamentary Debates (Hansard). written by Great Britain. Parliament. House of Commons and published by . This book was released on 2001 with total page 752 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Stationery Office Annual Catalogue by : Great Britain. Her Majesty's Stationery Office
Download or read book The Stationery Office Annual Catalogue written by Great Britain. Her Majesty's Stationery Office and published by . This book was released on 2001 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis HMSO Annual Catalogue by : Great Britain. Her Majesty's Stationery Office
Download or read book HMSO Annual Catalogue written by Great Britain. Her Majesty's Stationery Office and published by . This book was released on 2001 with total page 740 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Stationery Office Annual Catalogue by : Stationery Office (Great Britain)
Download or read book The Stationery Office Annual Catalogue written by Stationery Office (Great Britain) and published by . This book was released on 2001 with total page 740 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Report of the Equitable Life Inquiry by : Equitable Life Inquiry
Download or read book Report of the Equitable Life Inquiry written by Equitable Life Inquiry and published by . This book was released on 2004 with total page 817 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the report of the investigation by Lord Penrose into the financial crisis at the life assurance company, Equitable Life, the world's oldest mutual life insurer. The company's problems were revealed when it emerged it had insufficient funds to honour Guaranteed Annuity Rate policies (GARs), which gave investors a guaranteed minimum income when they retired. It suffered a near collapse in 2000 after it lost a House of Lords court case brought by GAR policyholders, leaving the mutual society with a liability of £1.5 billion and forcing its closure to new business. It is thought about 800,000 policyholders have suffered financial losses to their policy entitlements as a result. The report concludes that the company's own failings were the main cause of the financial crisis, with regulatory system failures being secondary factors. The company had deep-seated financial and managerial problems that pre-dated the emergence of the annuity guarantee problem. Critical responsibilities for valuing liabilities, assessing liability implications of new products, identifying and monitoring risk were discharged by a discrete part of the company without effective scrutiny. The Board had insufficient knowledge and skills to provide an effective challenge to the executive management, and at no stage got fully to grips with the company's financial position. Auditing and actuarial failings are also identified, including an over-reliance on the appointed actuary, who was also the chief executive over the critical period from 1991-97. There was also a general failure on the part of the regulators and the Government Actuaries Department to follow-up regulatory issues and to mount an effective challenge of the management. Lord Penrose's report identifies a number of lessons to be learned for the conduct, administration and regulation of the life insurance sector, relating to: regulatory accounting, including accounting for with-profits policies; the need for regulatory systems to keep up with market developments; auditing standards; corporate governance and the role of actuaries.
Book Synopsis The Prudential Regulation of the Equitable Life Assurance Society by : Great Britain. Treasury
Download or read book The Prudential Regulation of the Equitable Life Assurance Society written by Great Britain. Treasury and published by The Stationery Office. This book was released on 2009 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the Parliamentary and Health Service Ombudsman's investigation "Equitable Life: a decade of regulatory failure" (HC 815, 4th report session 2007-08, ISBN 9780102957303), the Government accepts that maladministration occurred and that, in some cases, this caused an injustice to some policyholders. The Government apologies to Equitable Life policyholders and will take action to establish a fair ex gratia payment scheme for those policyholders who have suffered a disproportionate impact as a result of the relevant maladministration, although it does not accept that it would be appropriate to provide compensation in the form suggested by the Ombudsman. Sir John Chadwick has been invited to advise the Government on the matters relevant to disproportionate impact suffered by current and former Equitable Life policyholders. The Ombudsman's investigation did not consider the actions of Equitable Life but such matters are relevant to the design of the payment scheme, especially as Lord Penrose's report (HC 290, session 2003-04, ISBN 9780102926880) found that Equitable Life was principally the author of its own misfortunes. Sir John will advise on an appropriate apportionment of losses between the public bodies investigated by the Ombudsman and the actions of Equitable Life and other parties.
Download or read book Corporate Governance written by S. H. Goo and published by . This book was released on 2003 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Report of the Equitable Life Inquiry by :
Download or read book Report of the Equitable Life Inquiry written by and published by . This book was released on 2004 with total page 783 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Global Business Regulation by : John Braithwaite
Download or read book Global Business Regulation written by John Braithwaite and published by Cambridge University Press. This book was released on 2000-02-13 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has the regulation of business shifted from national to global institutions? What are the mechanisms of globalization? Who are the key actors? What of democratic sovereignty? In which cases has globalization been successfully resisted? These questions are confronted across an amazing sweep of the critical areas of business regulation--from contract, intellectual property and corporations law, to trade, telecommunications, labor standards, drugs, food, transport and environment. This book examines the role played by global institutions such as the World Trade Organization, World Health Organization, the OECD, IMF, Moodys and the World Bank, as well as various NGOs and significant individuals. Incorporating both history and analysis, Global Business Regulation will become the standard reference for readers in business, law, politics, and international relations.
Book Synopsis The Indigo Book by : Christopher Jon Sprigman
Download or read book The Indigo Book written by Christopher Jon Sprigman and published by Lulu.com. This book was released on 2017-07-11 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This public domain book is an open and compatible implementation of the Uniform System of Citation.
