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PR: Organizational and Societal Functions. Public Relations: Organizational
and Societal Functions Reviewed Introduction The pituitary ...
... More and more organizations are using activities belonging to both organizational
and societal functions as PR works best when consumers think that they are ...
... Both organizational and societal functions of PR are aimed toward promoting
good will and a positive image for the organization. ...
organizational and societal functions of PR. Intermediaries and financial
regulatory bodies are extremely important in a company. ...
organizational and societal functions of PR. The United States is a country
were many people from across the world come to pursue ...
Submitted by angiem82 on April 18, 2007
Category: Business
Words: 263 | Pages: 2
Views: 1227
Popularity Rank: 3,933
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Intermediaries and financial regulatory bodies are extremely important in a company. There should be minimum entry standards provided by regulation. There should be initial and ongoing capital and other prudential requirements for market intermediaries that reflect the risk that the intermediaries undertake. Possible failure of a market intermediary should be anticipated and dealt with by regulation designed to minimize damage and loss to the investor, and to contain systemic risk.
No amount of regulation or oversight can guarantee against the possibility of financial failure of a market intermediary. However, regulation can and should aim to reduce the risk of failure. Where such failure does occur, it is the role of the Regulator to seek to reduce the impact of that failure and to attempt to isolate the risk solely to the failing institution.
Market intermediaries should be subject to adequate and ongoing capital requirements along with any other prudential requirements as may be necessary. The ideal situation, insofar as there can be any "ideal" in the case of a failure, in the case of a failure of an intermediary should be the ability to wind down the business without loss to the customers and counterparties and without systemic damage.
Market intermediaries should be subject to adequate and ongoing capital requirements along with any other prudential requirements as may be necessary. The ideal situation, insofar as there can be any "ideal" in the case of a failure, in the case of a failure of an intermediary should be the ability to wind down the business without loss to the customers and counterparties and without systemic damage.
Reference:
www.iosco.org/library/pubdocs/pdf/IOSCOPD186.pdf
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