01) corp responsiblity and banking regulation Flashcards
1
Q
sustainability requires reconcilliation of what 3 pillars?
A
Environmental, Economic and Social
2
Q
factors behind the 2007 crisis?
A
interdependance of banks
complexity of products
cheap credit
poor credit checks and regulation
3
Q
What authority report to the BOFE
A
PRA
4
Q
who deals with other regulated firms but nor deposit takers
A
FCA
5
Q
which authority body can split up a retail and IB to implement ring fencing?
A
PRA. recommended by ICB. Banking reform act passed 2013
6
Q
how can a bank increase its capital?
A
raise new capital
stop paying dividends
reduce amount lent out
make less risky investments or loans
