Essays on Financial Services Authority

The First Question on Corruption

The Financial Services Authority (FSA) issued a report that a majority of the banks are not complying regulations and guidelines after an assessment. There are some certain rules and guidelines that Financial Services Authority regulated institutions should follow and comply. The banking sector and the insurance sector are under the FSA, and they should comply with anti-bribery and corruption rules. In this Act, financial institutions are liable when they fail to prevent corrupt practices. This means that institutions should put in place proper measures and controls that prevent corrupt practices and failure results to corporate criminal liability of the involved institution ( ...

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Life Insurance Introduction Insurance is a means to manage the risk of financial losses incurred due to unforeseen events and contingencies. Unforeseen events can be in the form of accident, illness, fire outbreak or loss of life. These incidents are not only emotionally stressfully, but also financially draining. Insurance is critical for protection of the latter. Primarily, there are three components of an insurance agreement, the insurer, the insured and the policy holder. In case of a life insurance policy, the insured and the policy holder are usually the same person. For a home insurance policy, home is insured and ...