Northern Rock Bank. |
Financial regulation and pros and cons of using bad banks and tax payer’s money. |
The offer of financial rule in condition such as of Northern Rock. The aims of financial regulators are usually:
* To prevent cases of market manipulation, such as insider trading * To ensure competence of providers of financial services * To protect clients, and investigate complaints
* To maintain confidence in the financial system
* To reduce violations under laws
* Damage done to the bank before the run by...