BME0006 Emerging and Alternative Financial Markets Essay

BME0006 Emerging and Alternative Financial Markets - Essay ExampleFirstly, it should give a commencement ceremony priority to the needs of the consumer. It has to cover that the consumers are provided with the best services in a given market place as they necessarily dictate the success of every business organization (McVea, 2002, p.6). The mechanism should also ensure high degree of integrity and accountability. Some of the events that are witnessed in the economic study are those that espouse certain cycles and need to be studied chronologically so that their adverse effects are not felt repeatedly. Others may not follow any definite patterns and corrective procedures need to be take whenever such events are recorded. The regulatory measures that are to be adopted in the financial services should be those that respond differently to each of the emerging situations as per the specific requirements of the situation (Consumer Focus, 2010, p.4). The regulatory approach that is t o be adopted after a given financial crisis should be different from the previous approaches and it depends on the circulating(prenominal) situations that are experienced. A good regulatory procedure on financial services thus responds to the wonted financial crisis and mitigates the occurrence of future crises (Consumer Focus, 2010, p.2).It should be aimed at developing a competitive market that attracts to a greater extent investors and focuses solely on the needs of the customers. The anticipated market should be that which allows for the invention innovation by the investment funds organizations. There are various financial regulatory bodies in the United Kingdom. The main regulatory carcass is the Financial Services Authority and which provides various regulatory provisions (Great Britain, 2005, p.37 Jaffer, 2005, p.134). The problem that arises is then how to collect the diverging views of the regulatory agencies ad channel them towards the same statutory objective (Consume r Focus, 2010, p.5). The UK Financial Services has had various developments that are geared towards the regulating the provision of financial services in the region. The UK Financial Services Authority has confide more emphasis on regulatory measures based on policies and principles. The authority issued a policy argument in July 2007 that was in line with the policy that it had developed the previous year in regard to the principles and rules that put business conduct by various investment companies (London Update, 2007, p.1). The revised policy would ensure the implementation of the the applicable provisions of the EU Markets in Financial Instruments Directive (MiFID) as well as non MiFID Conduct of moving in Rules (London Update, 2007, p.1). The issue of somatic governance is another(prenominal) approach towards the regulation of the provision of financial services that devour been applied in the UK. The investment companies in the UK need to learn and adopt a code of corpo rate governance in an attempt to comply with the rules and provisions given. The Association of Investment Companies (AIC) gave out a ladder on Corporate Governance to its members in June 2007 that included both the AIC code and the UK combined code on Corporate Governance (London Update, 2007, p.1). Deceptive misstatements in the regular disclosure to the market have also been another issue in the UK financial sector. There have been various legal provisions that govern who are to be held responsible for such misstatement in the market. Section