Competition Policy For Financial Crisis Essay - 1980 Words

TABLE OF CONTENTS 1.0 EXECUTIVE SUMMARY OF REPORT 2.0 OBJECTIVE OF REPORT 3.0 INTRODUCTION 3.1 WHAT IS COMPETITION POLICY 3.2 COMPETITION POLICIES ACROSS INDUSTRIES IN VARIOUS JURISDICTIONS. 4.0 PERSPECTIVES OF COMPETITION POLICY IN GLOBAL BANKING 4.1 RATIONALE EXEMPTING BANKING INDUSTRY FROM THE FULL RIGOUR OF COMPETITION POLICY 5.0 DEVELOPMENTS IN COMPETITION POLICY IN RESPONSE TO THE FINANCIAL CRISIS OF LATE 2000s 6.0 CONCLUSION AND RECOMMENDATIONS 7.0 APPENDICES 8.0 BIBLIOGRAPHY ASSIGNMENT QUESTION In the past and in many jurisdictions, the banking industry has been exempted from the full rigours of competition policy, owing to concerns that competition in banking might be harmful to the stability of the financial system. Critically evaluate the rationale for such an exemption, and examine developments in thinking concerning the application of competition policy to financial services following the financial crisis of the late-2000s. 1.0 EXECUTIVE SUMMARY While competition laws are put in place to prevent restrictive practices as well as limit or eliminate the activities of Cartels from forming large Corporations that would deprive product consumers from exercising their rights and ultimately jeopardise the overall public interests, financial institutions all over the world have evolved into what I call a ‘Cosmic Pecuniary’. The developments in various fields especially in technology have brought about variousShow MoreRelatedTheu.s. Housing Market And The U.s. Financial Crisis1448 Words   |  6 Pagesbetween 2007 and 2009, led to the biggest global financial crisis. The impact of this crisis extended over the world, and the economies of many countries were damaged. 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The Roman Republic A Long Lasting Effect On Future...

The Roman Republic from 509 BC until 49 BC had a long lasting effect on future nations. They had a great knowledge of military operation, one of the best working democratic governments however they did not treat their females as equals. The Roman army was essential in the creation and upkeep of the Roman Empire. It defended the homeland and conquered other nations to bring wealth that benefited the nation. The Roman army was the most advanced of its time, using new techniques and weapons that brought other nations to their knees. The fighting techniques that they came up with were only able to work due to the rigorous training that took place. â€Å"They developed fighting techniques that were linked to a very hard training regimen† (Trueman). Training was very tough, long days of parading and maneuvers as well as physical fitness and martial skills was what a typical day would consist of. Recruits would often be punished for failure so they would become very fit and disciplin ed or else could face extra duty or even worse, a whipping. When the Romans went off to battle the new recruits were placed in the front lines, with the more experienced soldiers behind them. There are three main reasons for this. The first reason is to give the newer recruits confidence, knowing that they were being backed up by more veteran troops. This was a boost for them because the veterans would be able to guide them in Page 2 battle and keep up their moral in the face of the enemy. TheShow MoreRelatedAncient Greek And Roman Architecture Essay1972 Words   |  8 PagesThis essay will mostly outline the main similarities and differences associated with ancient Greek and Roman architecture. This paper will venture to distinguish the physical and integral differences between ancient Roman and Greek architecture. 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The Effects of War free essay sample

These two boys end up leaving their northern village home to fight in the deadly trenches of World War I. The story tells of Xavier’s struggles with his new morphine addiction (from a war injury) as well as his recovery. In The Red Badge of Courage written by Stephen Crane the story of a boy by the name of Henry Fleming who joins the American Civil War to help him on his way to manhood. The effects of war on Henry Fleming are reflected in great detail, describing the physical and psychological impacts of war on the Henry and the other soldiers. The effects of war have not changed a lot throughout history as reflected in both of these novels which span two different historic wars. While the effects of war are endless. Many people think that war is typically just physical injuries (ie. Getting shot) however that is not accurate. We will write a custom essay sample on The Effects of War or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the beginning of the novel Three Day Road, Xavier had gotten off a train after his time fighting in World War I, while he is healing from his injury. War has made him addicted to Morphine. This ruins him, as Morphine is an extremely addictive drug and it becomes very hard for Xavier to function without his Morphine injections. Morphine was given to Xavier for the fact that his leg was blown off during his time in battle. Physical injuries are usually a result of war, and were extremely more common in World War I. This was something that was inevitable if you were a soldier in WWI. Besides medical and physical effects on soldiers, psychological effects on a soldier are a lot more common than previously imagined during WWI. The Red Badge of Courage is said to be one of the most realistic portrayals of the psychological effects that are a result of warfare. However, the effects of war are not always negative; there are certain people who have grown up because of war. The main character in the story, Henry Fleming did not enjoy his boring life on his farm. Being in search of glory and popularity, he decides to enlist in the Union army against his mother’s wishes. The most profound change for Henry in the story was his transformation from a child to a man. His naive attitude was replaced with experience and logical thinking. Another very common result of war is gaining the sense of courage. Many of the soldiers joined to gain a sense of independence and to prove to themselves that they are tough enough to survive war. In Henry’s case he had gained the sense of courage throughout the book but it is most heavily shown at the end of the story when Henry learns what the true meaning of courage. Courage is not just a personality trait; it can be learned if put in certain situations and if somebody has the proper motivations. As a young soldier during the Civil War, he is around other men who are tougher and more experienced than him. One of his main concerns is the way he appears to other soldiers and his superiors on and off the battlefield. As Henry progresses through the book he gains more and more knowledge and realizes that the opinions of other people can drive people to do things we would otherwise not be able to complete by ourselves. Another common issue in both of these novels is the evolution and development of the main characters. In the novel Three Day Road we see the transformation of the native culture, into the modern world and war. In The Red Badge of Courage it is shown in his transformation from being a naive child to an experienced war veteran as a direct result of joining the Union army. â€Å"He went slowly to his tent and stretched himself on a blanket by the side of the snoring tall soldier. In the darkness he saw visions of a thousand-tongued fear that would babble at his back and cause him to flee, while others were going coolly about their countrys business. He admitted that he would not be able to cope with this monster. He felt that every nerve in his body would be an ear to hear the voices, while other men would remain stolid and deaf. (124) Duty is another underlying common theme between the two books. Henry Fleming is in a constant debate with himself as he tries to overcome the struggles of his duty in the war. As a young soldier serving in the Civil War, he struggles between the duty to himself and his duty as a soldier. â€Å"He suddenly lost concern for himself, and forgot to look at a mena cing fate. He became not a man but a member. He felt that something of which he was a parta regiment, an army, a cause, or a countrywas in crisis. He was welded into a common personality which was dominated by a single desire. For some moments he could not flee no more than a little finger can commit a revolution from a hand. † (202) By comparison Three Day Road, reflects duty also as an important theme that was positioned in the book for a reason. Xavier and Elijah both joined the fight in WWI and were based with the Canadians. Elijah had urged Xavier to enter the war with him as they were best friends in their hometown of Moose Factory. Xavier and Elijah being from the native Cree tribe, going into the horrors of WWI would be like going from one world to another. They were used to being silent hunters, with bows and arrows, striking quickly and silently. These aspects of their hunting skills were their strength in the war. Every soldier had the duty to act in the trench, to defend if attacked and to attack when told to. Their loyalty not only was for the war but deep in their hearts the duty to protect Moose Factory which contained the ones they loved and is where the two boys had grown up. The common themes in both books of transformation and duty finally lead up to the very common theme of man versus the natural world. In The Red Badge of Courage the author argues that man is alone in a vast world. This could either be nerve wracking to a young soldier during the Civil War, or it could be comforting, providing him with a sense of responsibility. Through the novel there are many examples of what is natural and what is not. (ie. Warfare and fleeing from battle) â€Å"The shells, which had ceased to trouble the regiment for a time, came swirling again, and exploded in the grass or among the leaves of the trees. They looked to be strange war flowers bursting into fierce bloom. (105) Three Day Road is a more obvious example asthey are native Cree men that joined the battles of WWI. This can be seen as a clear interpretation of â€Å"man† as the more advanced world and the â€Å"natural world† as a part of reality with the Cree tribe. Their version of the natural world differs from the natural world of the non-aboriginal people. The old reality and traditions of the Cree tribe have been ov ercome by â€Å"man† which is in a constant battle over the Cree version of the natural world with their traditions and culture. A powerful statement to how war changes and alters lives from all different walks of life. In conclusion, wars have been around for as long as mankind has walked the earth. The everlasting effects of war can be positive or negative and can affect us through physical, emotional, medical, and psychological issues. A human’s experience with war is as unique as the war itself. Powerful images of change and evolution are found in both of these novels. Each reflects a different journey, a different experience yet both reflected the terror, pain and feeling that war brings regardless of time or place.