Financial Markets & Risk Essay Example | Topics and Well Written Essays - 3500 words

Financial Markets & Risk - Essay Example According to this act, FSA is responsible for the authorisation and prudential supervision of banks and building societies. It is also responsible for the supervision of following agencies: It is also entrusted with the supervision of financial markets, securities listings and of clearing and settlement systems. At the same time, it may be responsible for conducting operations in response to problem cases influencing firms, markets and clearing and settlements systems under situation when the nature of the operations was agreed according to the provisions of the tripartite Memorandum. It is also responsible for regulatory policy in these areas, including that aimed with an objective to promote the resilience to operational disruption of authorised firms and Recognised bodies. It has also advisory responsibility and hence it should guide on the regulatory implications for authorised firms and recognised bodies of developments in domestic and international markets and of initiatives, both domestic and international level. Global financial problems may come at an unexpected intervals and hence they are equipped with necessary flexibility in their duties. For example, under exceptional circumstances FSA has responsibility to undertake official financial operations to limit the risk of problems in or influencing particular institutions spreading to other parts of the financial system. It should also ensure proper communication with standing Committees of the Bank of England and HM treasury to co-ordinate the response to a crisis. Like FSA, the Bank of England was also entrusted with huge responsibilities to bring financial stability in United Kingdom. The Bank of England is responsible for the predicting unforeseen challenges of the financial system as a whole. It also ensures the stability of the monetary system as part of its monetary policy functions. It should act in the markets to deal with fluctuations in

End User Term Paper Example | Topics and Well Written Essays - 250 words

End User - Term Paper Example The staff looks to the manager for direction in all aspects of the business. The staff is the end user in any new technology or programs implemented in the business. The staff’s understanding of new technology or programs implemented depends heavily on the direction of the manager. The responsibility of a manager exemplified in the final outcome of end user information systems is through implementing a system of successful learning. End User Satisfaction (EUS) is critical to successful information systems implementation (Au, Ngai, Cheng 2008) In several studies there has been a proven decline in performance and quality of work when new information systems are implemented. This is due to end users having to learn a new system yet produce if not more the same amount of work. The time and training for learning a system can become costly. To responsibly put this new system into effect a manager should first consider before purchasing the system what’s the ratio of user cont rol to the controlling of the user. In other words better user control would be more adaptable in the end user learning the system than the system controlling the user. The systems are usually developed by designers who don’t know the specific needs of the user. So user control is very important.