How do international financial institutions manage the change needed Essay

How do international financial institutions manage the change needed after the 2008 financial crisis - Essay Example The main aim of regulation is making the reporting system transparent so that the market participants can have a better idea about the risk that they are undertaking. The above mentioned financial crisis was mainly attributed to insufficient regulation therefore a change in the regulatory framework is needed to avoid this in the future. An important official of the IMF has attributed regulatory failure to guard against excessive risk as the reason of the 2008 financial crisis. However excessive regulation is also one of the reasons that contribute to the financial crisis. As per the Basel II norms the banks have to increase their capital whenever there is an increase in the risk. This adds to the crisis, as the banks reduce their lending for meeting the capital requirements. When the Fed announced the hike in the interest rates the installments were re-set which resulted in widespread delinquencies. Faced by the rising foreclosures the banks had to sell off their assets for maintaini ng the capital requirements. This led to a steep fall in the housing prices. For preventing this crisis in the future various international bodies like IMF demanded strict disclosure and regulatory norms. This procedure requires changing the existing accounting standards and making the disclosure of off-balance sheet risk more effective. The international financial institutions have to play a major role in managing this change. Initially the changes of regulations and disclosures may not be acceptable. Here the international bodies have to play the key role in explaining the significance of the change. This will help in removing the restraining forces and will facilitate in reaching the equilibrium stage. When a change is implemented there are two contrary forces that act simultaneously- driving forces that support and restraining forces that oppose a change. To make the change successful it is important to explain its significance to the people in

Ethics in Health Care Services Essay Example | Topics and Well Written Essays - 1750 words

Ethics in Health Care Services - Essay Example There are exceptions in Ethics Code in extraordinary circumstances where health providers with closely related expertise can offer services if no one else can (Beauchamp & Childress, 2001). It is, however, to a condition that they take a reasonable approach to acquiring competence required.Respect of people’s autonomy forms another crucial tool in minimizing cases of unethicality in the health sector (Duncan, 2010). Health care providers need to offer clients with the information they require to give their informed accord at the start. Failure to give details may cause sticky situations. For example, when a health practitioner fails to explain own duty to report abuse to an adolescent client before treatment commences, an unsure scene may occur if abuse is later revealed the client did not want to report. Important discussion should be the estimated length of therapy, fees, and billing practices, whom to involve in case of emergency and any alternative treatment approaches.Whe n one of his twins died and one survived with brain injuries, Charles Munro argued that the results came about, because of year’s delay in handling the physiotherapy. He complained that, the delay was unacceptable as the disciplinary measures of those involved aimed at safeguarding everybody. He complained of the inaction of the ministry and Minister of Health.Munro viewed that the physiotherapy requires maximum care and dedication to ensuring the achievement of maximum results. If practitioners can take, maximum care to their parents.