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Question;QUESTION ONE: International Market Regulation?1,000 words for 50 marks;The international financial;regulatory community has negotiated three BASEL Accords through the Basel;Committee on Banking Supervision within the Bank for International Settlements.;The third of these is still being implemented, with some aspects still under;consideration and development.;EXAMINE BRIEFLY the history;of, and purposes for, the three BASEL Accords. In particular, NOTE the purposes;for the most recent BASEL Accord.;SUMMARISE BRIEFLY the outcomes;from the first two BASEL Accords.;FOCUS ON the difficulties and;successes with implementation of the Accords and any unintended consequences;that may have arisen as a result of their implementation. Accordingly, also;NOTE any criticisms or doubts about the effectiveness or otherwise of the BASEL;III Accord.;COMMENT ON any role the;Accords may have had in contributing to the Global Financial Crisis that;commenced in 2007 and note any commentary on the success or otherwise of the;BASEL regime.;Students might refer to;Related Articles;?;King;P. & Tarbert, H., 2011,BASEL III, An;Overview;30(5) Banking and Financial Services Policy Report 1.;?;Alexander;G., Baptista, A., and Yan, S., (2013)?A Comparison of the Original and Revised BASEL Market;Risk Frameworks for Regulating Bank Capital?85 Journal of Economic Behaviour;Organisation 249;Related Websites and e-Articles;?;;?;;?;?BASEL III;Basics?;?;?The Basel III Capital Framework: A Decisive Breakthrough?;(Save file to hard drive);?;?Identifying the Effects of Regulatory;Reforms on Emerging Market and Developing Economies: A Review of Potential;Unintended Consequences Report to the G20 Finance Ministers and Central Bank;Governors?;?;?Report to G20 Leaders on BASEL III;Implementation?;(Save file to hard drive);Students must ensure that ALL work is properly referenced.;END QUESTION ONE;cont/...;QUESTION TWO:?500 words for 25 marks;DISCUSS BRIEFLY the key;components of Australia?s;prudential regulatory system and MENTION the major historical events that have;influenced its development.;EXAMINE the belief that the;prudential regulatory system helped to shield the Australian economy over time;from international financial shocks such as the Asian Financial Crisis and the;Global Financial Crisis and ARGUE whether this view may be valid.;Students might refer to;Inquiry Reports;?;Royal;Commission on Banking?Napier Report 1935;?;Campbell;Committee Report 1981;?;Martin;Inquiry 1984 and 1991;?;Wallis;Inquiry 1997;Related Articles;?;Black;J., 2006, Managing regulator risks and defining the parameters of blame: a;focus on the Australian Prudential Regulation Authority, 28(1) Law;Policy 1;?;Bird;J., 2011, Regulating the Regulators: Accountability of Australian Regulators;35(3) Melbourne University Law Review 739;Related Websites and e-Articles and e-Books;?;;?;;?;;?;;?;;?;;?;;Students must;ensure that ALL work is properly referenced.;END QUESTION TWO;cont/...;QUESTION THREE:?500 words for 25 marks;The ?Doctrine of Strict;Compliance? in documentary credit law provides that document portfolios presented by;the Beneficiary must be consistent with the defined notion of a?complying presentation?which is defined in Article 2 of the UCP600.;EXPLAIN the?Doctrine of Strict Compliance?, how it operates, and why;documentary compliance is essential to the integrity of the documentary credit;system.;REFER TO the relevant Articles;of the UCP600AND any case law that;deals with the effect of contractual disputes between trading parties on the;documentary credit underpinning the transaction.;Students might refer to;Related Books and Articles;?;Kozolchyk;B., 1990, Strict Compliance and the Reasonable Document Checker, 56 Book;Law Review, 45;?;Lee;R., 2008, Strict Compliance and The Fraud Exception: Balancing the Interests;of Mercantile Traders in the Modern Law of Documentary Credits 5 MqJBL 137;Carr, Indira, International Trade Law;(Routl


Paper#39724 | Written in 18-Jul-2015

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