PurposeWhile several facets of financial misconduct have been explored, one aspect which has largely bypassed the attention of researchers is the factors affecting such misconduct behavior in banks. To investigate this in detail, this paper aims to use disaggregated data on Indian banks for an ...
“The Financial Conduct Authority is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms.” –About the FCA,FCA.org Supervision On supervision, the FCAstatesthat it takes a “pro-active, intellige...
Wynn Resorts took a major financial hit in early 2018, when aWall Street Journalarticle uncovered accusations of sexual misconduct by employees against Wynn. The company’s stock dropped 10 percent after the article published. Wynn denied the allegations but resigned from both the company and his ...
While the SEC and FINRA both play a role in regulating the U.S. financial industry, these roles and the scope of each organization’s powers are different. The SEC is a governmental agency formed in the midst of the Great Depression as part of the Securities Act of 1933 and the Securitie...
The U.S. Securities and Exchange Commission (SEC) operates as an independent agency within the federal government but is overseen by Congress, which funds it and regularly assesses its effectiveness. The SEC is also led by a five-member commission, including a chair, all appointed by the U....
Elimination of fraud and misconduct Better financial and budget planning capabilities Understanding and optimizing the purchase requisition process is crucial for effective procurement and financial management. The process plays a pivotal role in decision-making, budget planning, and stakeholder involvement. ...
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, including banks, lenders and other financial institutions. As its name suggests, it’s a consumer-focused agency whose goal is to ensure people can access fair, transparent and ...
Corporate fraud is the broad category of illegal activities carried out by a company or individuals within it. Accounting fraud falls under this umbrella.Corporate fraudalso includes insider trading, bribery, money laundering, tax evasion, and other forms of financial and nonfinancial misconduct. A s...
What Is an Unemployment Claim? An unemployment claim is a request for cash benefits made by an individual after they are laid off from their job. Claims are filed through state governments for temporary payments after people lose their jobs through no fault of their own. ...
An agent is often liable to their principal if they violate their duty or deviate from a reasonable, expected action performed on behalf of the other party. This may be the result of exceeding the authority they've been given, acting in misconduct, being unreasonably negligent, or any other ...