Describe an action a regulatory agency took against a business in the past 6 months. Post...

Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning.

Expert Solution

Answer:-

Capital market authority

Explanation:-

One of the major banks in Kenya, Kenya commercial bank limited, and British American asset management were fined for breach of the capital market authority rules. These financial institutions were fined KSh10.14 million for breaching investment levels in Chase Bank. In its report, capital market authority disclosed that KCB failed to practice its duty of care as a trustee despite noting the increased portfolio growth of deposits in Chase bank,a bank that collapsed in 2016 and its been under receivership since then.

I wholly agree with the decision from the capital market authority to fine KCB because the bank, in open breach of the collective investment schemes regulations, failed to respect the requirement that its collective investment scheme portfolio should not exceed the powers conferred on it. It is such practices that when left unpunished breed an environment where financial institutions can breach regulations as a norm which leads to collapse of the financial sector.

Reference:-

https://www.standardmedia.co.ke/business/article/2001269947/regulator-fines-kcb-britam-sh10-million-for-defying-cma-rules

keosha answered 6 months ago

Describe an action a regulatory agency took against a business in the past 6 months. Post...

Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning and support it with the materials from this week. Make sure you provide the link to the source and also make sure the company is in the US

Describe an action a regulatory agency took against a business in the past 6 months. Post...

Describe an action a regulatory agency took against a business in the past 6 months. Post a link to your source. Do you agree or disagree with the action? Explain your reasoning.

Describe one cybersecurity attack that has occurred in the past 6 months, and based on your...

Describe one cybersecurity attack that has occurred in the past 6 months, and based on your understanding of this week’s readings, explain what vulnerabilities within the organization may have contributed to the breach.

Post a policy-action that you believe the government should do in the next six months (in...

Post a policy-action that you believe the government should do in the next six months (in terms of fiscal or monetary policy). Just focus on one policy action, but you must provide a good logical reasoning for why you think the government should take this action.

Home sellers participating in a survey indicated that it typically took between 6 and 14 months...

Home sellers participating in a survey indicated that it typically took between 6 and 14 months to sell a house. Suppose that the distribution of the time that it took to sell a house could be approximated by a normal distribution with a mean of 10 months and a standard deviation of 4 months. (a) What percent of the homes sold took less than 9 months to sell? (b) What percent of the homes sold took between 10 and 16...

WASHINGTON, D.C.– Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies...

WASHINGTON, D.C.– Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial to cease deceptive advertising practices, implement systems to ensure they are complying with all laws, and pay penalties. “These companies tricked consumers into believing they could not lose their homes with a reverse mortgage,” said CFPB Director Richard Cordray....

WASHINGTON, D.C.– Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies...

WASHINGTON, D.C.– Today the Consumer Financial Protection Bureau (CFPB) took action against three reverse mortgage companies for deceptive advertisements, including claiming that consumers could not lose their homes. The CFPB is ordering American Advisors Group, Reverse Mortgage Solutions, and Aegean Financial to cease deceptive advertising practices, implement systems to ensure they are complying with all laws, and pay penalties. “These companies tricked consumers into believing they could not lose their homes with a reverse mortgage,” said CFPB Director Richard Cordray....

Find an article regarding a network problem that occurred in the past 6 to 8 months....

Find an article regarding a network problem that occurred in the past 6 to 8 months. Be sure to pick an article that reports on a problem that relates back to a topic covered in class. The problem could be related to security, design, redundancy, etc. (Top Down Network Design) Choose your article wisely! If you cannot respond to the requirements of the assignment then choose a different article or find supporting articles that will help. The article cannot be...

ABC company incurred the following maintainance costs during the past 6 months Table 1 Months Machine...

ABC company incurred the following maintainance costs during the past 6 months Table 1 Months Machine hours Cost $ 1 20 4560 2 40 9780 3 50 10920 4 60 11280 5 30 6320 6 90 18920 7 25 5140 8 43 10500 9 70 12400 REQUIRED Part 1 A. Use the data on Table 1 , estimate the variable and fixed cost of the company using the high and low method B. Develop a cost function for the company....

describe at least 2 current health models to take action against use of tobacco.

Question

Describe an action a regulatory agency took against a business in the past 6 months. Post...

Solutions

Expert Solution

Related Solutions