Basel III Is A Global Standard Of Banking Regulation. Do You Think

Basel III Is A Global Standard Of Banking Regulation. Do You Think Basel III Is A Global Standard Of Banking Regulation. Do You Think That Basel III Can Make The – Coursework Example Basel III: A global standard of banking regulation Basel III is a global standard of banking regulation Basel III is the result of global financial crisis happened in 2008, where it gives a chance to a basic reformation of the risk and regulation perspective within the international financial market. In this regard, the BCBS (Basel Committee on Banking Supervision) has cooperatively developed a new framework in order to reinforce the liquidity and capital regulations internationally for endorsing a robust baking industry, named as Basel III (Greenley, Kelly, Forgarty, & Dutta, 2011). It initiated a conceptual alteration in the liquidity and capital principles. It has become the requirement of firms that are competing on the global basis, and are exposed to the financial and regulatory risks seen in the financial crisis of 2008. However, this framework provides a solution to many issues existing in the contemporary banking industry, but still it raises some implementation concerns tha t are significant for its application. Among these concerns, the most important issue is its regulatory effect, where many economies face issues in obtaining the adequate level of liquid assets in money market for complying with the new conditions, such as in South Africa. Another problem is regarding the calibration of the new agenda, as the banks have obtained assistance from the government during the financial crisis, so it would be insufficient for depending only the bank’s information (Willink, 2011). In addition, the central bank’s role should also be taken into the account, as this bank can generate liquidity conditions any time, so the requirement of securing an extra liquidity would be an injustice for banks. It would result in inadvertent outcomes. This implementation would also affect the central bank’s role in applying the monetary policy. Moreover, such new liquidity regulations would be difficult to apply because of spending short time finance for liquidity in banks (Bech & Keister, 2012 ). Thus, it is of high significance to manage and apply the Basel III wisely for circumventing supervisory arbitrage and other issues. ReferencesBech, M., & Keister, T. (2012 ). On the liquidity coverage ratio and monetary policy Implementation. BIS Quarterly Review, 1-7.Greenley, J., Kelly, H., Forgarty, M., & Dutta, S. (2011). Basel III: Issues and Implications. New York: KPMG International Cooperative .Tarullo, D. (2011). Regulating Systemically Important Financial Firms. Washington DC: Speech at the Peter G Peterson Institute for International economics .Willink, N. (2011). Basel III: a roadmap to better banking regulation and supervision. FSI High level meeting on the new Framework to Strenghten Financial Stability and Regulatory Priorities. Russia: St Petersburg.

WORDPLAY

WORDPLAY Play-on-words is a literary technique that makes the words the main subjects for the purpose of amusement or some particular effect. Hashtag: #ReplaceALetterRuinATvShow Literary A wordplay is a form of humorous writing. It is a literary technique for entertaining readers by manipulating the sounds and meaning of words. Characterized by ambiguity, wordplay is also a form of creative linguistic that takes advantage of words with similar meanings to grab attention. CONNECTING WORDS AND PHRASES A pun is a subtype of wordplay that uses a word (one-word puns) or group of words (compound puns) with several meanings or a  sound to make it funny. A good example is funny puns using compound puns or replacing two or more words to change their meaning such as â€Å"Santa’s helpers are subordinate Clauses†. When a writer substitutes a word with another similar-sounding word, the result is homophonic puns. For example,â€Å"The butcher refused to accept my challenge that his knife was dull because the steaks were too high†. In contrast, when the writer uses a word with two different meanings, the resulting puns are homographic puns such as â€Å"Yes, he is the same optometrist who fell into a lens grinder and made a spectacle of himself†. There are also funny animals puns such as  Ã¢â‚¬Å"A horse is a very stable animal†. Funny Puns in Classrooms and in the Internet The pun is a  type of wordplay that many authors and poets create to bring fun to the classroom. Since humor is a good motivator, wordplay enriched books and make schoolchildren interested in language and vocabulary. Teachers used wordplay in the classroom to encourage students to expand their vocabulary and challenge their belief about the meaning of the words. Wordplay also helps students see the connection between words. Wordplay extends beyond the classroom to the Internet. Various funny puns are all over the Web bringing a smile to everyone’s face. One-letter puns challenge from social media user #ReplaceALetterRuinATvShow to replace a letter of a TV show title was accepted by fellow users and many are quite good with vocabulary. For example: â€Å"Price is Right† to â€Å"Prick is Right† â€Å"Dr. Who† to â€Å"Dr. Why† â€Å"America’s Top Model† to â€Å"America’s Top Modem† There are puns about technology, puns created by Internet geeks, 15 most hilarious puns, clean and dirty puns, and banned puns that allegedly breached China’s law on standard spoken and written Chinese. However, the fun with puns continues with more clever puns such as: â€Å"People who say they from constipation are full of shit† â€Å"Never trust atoms, they make up everything† â€Å"The person who invented the door knock won the No-bell prize† Wordplay and its popular subtype have a number of beneficial applications. Aside from expanding classroom vocabulary, enhancing the motivation of language learners, and creating a word-rich classroom, English literature masters extensively used the literary technique in their plays and poetry. William Shakespeare, for instance, used wordplay to produce various, life-like representation of a complex human personality. Hebrew Bible writers frequently obscure the true meaning of God messages using wordplay. Wordplay nowadays is widely used in product advertising tagline to draw the attention of readers. Advertisers make good use of wordplay such as: â€Å"Thirst come, thirst served† of Coca-Cola in 1932 â€Å"Put a Tiger in Your Tank† of  Exxon If you need assistance with essay writing feel free to contact our support team or place an order right now and we will gladly help you.