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Regulation and self-regulation in financial intermediation
Palusková, Jitka ; Ježek, Tomáš (advisor) ; van Koten, Silvester (referee)
The diploma thesis focuses on the problems of regulation of financial intermediaries and reviews the contemporary situation in the financial market of the Czech Republic. In the introductory part subjects that can provide financial services and circumstances under which these services are possible are defined. The introduction also outlines the framework for controlling, its planned development, state institutions supervising this process and the up-to-date state of self-regulation by the financial intermediaries themselves. The main part of the thesis is devoted to contemporary key topics in the field (mis-selling, providing of misleading or incomplete information, reinsurance, promotion of excessive trading, low expertise, reward system etc.), supervision by the state and the attitude of financial intermediaries to these activities.. The aim of the thesis is to find a functional relationship between the set of rules defined by legislation and the internal self-regulatory system of the financial intermediaries.
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Codes of ethics in the sector of financial institutions
Rezková, Petra ; Vymětal, Petr (advisor) ; Lisa, Aleš (referee)
This thesis deals with the codes of ethics and their role in the financial organizations.The first part outlines the theoretical significance and function code of ethics, its characteristics, development, advantages and disadvantages. The second part continues with a more detailed examination of codes of ethics in the business and financial sectors, including the dismantling of the phenomenon of corporate social responsibility. The importance of the implementation of codes of ethics is illustrated on the example of the financial crisis in the U.S.. The aim is to assess the comprehension of current codes, and practical examples show the differences between ethical codes in specific organizations of the financial sector in the Czech Republic, and to draw conclusions for the creation of an "ideal" code of ethics, if one exists.
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Moral hazards in terms of the financial crisis
Jagošová, Petra ; Žamberský, Pavel (advisor) ; Neumann, Pavel (referee)
This diploma thesis focuses on the moral hazard aspects in the financial crisis on the USA market in the years 2007-2009, that later became known as a global crisis of real economic. The thesis aim is to prove a role of moral hazard in the financial crisis origins, role that can be detected in the activities and behavior of the market participants. There is a survey of the individual causes of the crisis and interpretation in the terms of moral hazard. First part of the thesis focuses on the theoretical basics of moral hazard that is being represented by the Principal-Agent Problem. This theory is further applied on the financial market theories. Second part of the thesis describes the origin and development of the financial crisis. It represents the introduction of the crisis without exploring the causes. The third part of the thesis is the core part, there is presented the role of moral hazard in the financial crisis due to the synthesis of the two previous parts. Item by item there are introduced the activities on the crisis market, where the principle of these activities is presented in terms of moral hazard. This part also includes moral hazard in the society that influences also the financial market. The last part focuses on the regulation of the financial markets in connection with the possibilities of moral hazard elimination.
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Institutional Framework of the Financial Market and Regulatory Issue
Jurošková, Lenka ; Pošta, Vít (advisor) ; Půlpánová, Stanislava (referee)
The first aim of this thesis is to tackle the deficiencies within the system of financial regulation. Furthermore, it aims to assess the submitted and even the already adopted proposals. The aims cannot be achieved without an analysis of the causes of the global financial crisis 2007-2009, because it helps to understand a range of deficiencies in the system of financial regulation. A global financial crisis of that magnitude cannot be traced to a single cause but was instead the result of multiple interconnected causes, which are examined at the macroeconomic as well as microeconomic level.
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