The prudential regulation is regulation of deposit-taking institutions and supervision of the conduct of these institutions and set down requirements that limit their risk-taking. The aim of prudential regulation is to ensure the safety of depositors' funds and keep the stability of the financial system.
The adjective prudential is a form of the word prudent, which means careful, discreet, cautious, wise or reasonable. Prudential guidance would be guidance given in a careful, discreet, cautious, wise, or reasonable manner. An example sentence:The supervisors on Answers.com give prudential guidanceto prevent newcomers to the site from abusing the privileges.
One would purchase insurance from Prudential if their rates were better than other companies or if they provided services that other companies didn't. Some companies offer their employees discounts from Prudential, and this may induce somebody to get their insurance from Prudential.
what organizations are affected by industrial regulation
Because by definition, true free market has no government control or regulation and true planned economy has no place for interaction between the firms when government regulation defines the economy. In all economy (except for maybe North Korea), both government and the market holds stake in the economic activities of the economy hence nearly all economies are mixed
--Ensure competition and protect consumers. (Apex)That's a trick question. The textbook answer, like the political answer, is usually "for the common good." But the educated person should decide whether that is true.In reality, regulation tends to benefit those who push for regulation. Jean-Baptiste Colbert was the master of market regulation; his principle was that the wealth and the economy of a nation should serve the state. That didn't work out so well for France. In our own country, it's easy to observe that regulation over time has mainly served to increase the disparity between poor and wealthy, making the rich richer, as well as centralize national power. The free-market in this country had no regulation until the late 1800s and early 1900s. It was political sleight of hand that the unprecedented economic collapse which only happened after the advent of federal regulation (by the executive branch, not congress as the constitution allows) then justified further regulation.So, government regulation of the market (which, regulated, is no longer free) is required in order to control the market. By definition, regulation is necessary to every form of capitalism except the free market.
Australian Prudential Regulation Authority's population is 580.
Australian Prudential Regulation Authority was created on 1998-07-01.
Non prudential regulation covers business behaviour but does not involve the govt taking responsibilities for the financial soundness of the organization
Prudential regulation in financial institutions enables transparency and protection of stakeholders of the institutions.
LAZAROS PANOURGIAS has written: 'BANKING REGULATION AND WORLD TRADE LAW: GATS, EU AND PRUDENTIAL INSTITUTION BUILDING'
what is prudential?
The head office of the Prudential Assurance company is located in Newark, New Jersey. The Prudential Insurance company has many buildings, such as the Prudential Gibraltar building and the Prudential Plaza.
Larisa Dragomir has written: 'European prudential banking regulation and supervision' -- subject(s): Banking law, Law and legislation, International Banks and banking
prudential regulation is An appropriate legal framework for financial operations is a significant contributor to preventing or minimising financial sector problems. Evidence shows that the absence of prudential regulations in some key areas can lead to bank failures and systemic instability, while establishing sound, clear and easily monitored rules for financial activities both encourages managers to run their institutions better and facilitates the work of supervisors. A major weakness of some financial systems is the fact that various financial institutions, especially cooperatives and intermediaries in rural areas, operate completely outside prudential regulations. Some countries have one single general banking law, which tries to assemble all regulations, but in many countries the operational issues are left to statutory notes, circulars or even simply the routine decisions of the supervisory institution. Various other laws can have an impact on the operation of financial institutions, e.g. company laws, securities laws, debt recovery laws and laws on liquidation and bankruptcy.
The population of Prudential Financial is 39,422.
Prudential Center was created in 2007.
Prudential Headquarters was created in 1960.