Why do banks innovate around regulations by "loophole mining", and what are some examples?© BrainMass Inc. brainmass.com October 25, 2018, 9:30 am ad1c9bdddf
I have outlined a response for you. These terms can be used to further research the practices of loophole mining.
Banks innovate around loophole mining because with regulations there are few ways to gain and hold customers who can put money into more profitable assets than regular checking and savings accounts. These regular bank account types are allowed to pay only limited amounts of interests ...
An explanation of what loophole mining is and how banks use it.
Business and Inaccurate Financial Statements
In part, many corporate scandals center on misleading or inaccurate financial statements (Enron, WorldComm, Global Crossing, and Tycho are examples from 2002 mentioned in Chapter 1). Also, the financial crisis in 2007-08 period included corporate failures in the financial sector and enormous losses for investors. With that said......
1.How do firms manage to mislead investors?
2.Do you feel reforms already enacted (like Sarbanes-Oxley or more recent reforms after the financial crisis) have or will make a major difference explain why?
3. Do you think additional legal or regulatory actions are needed?
Your response should be 300 words or less and include sources cited in apaView Full Posting Details