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3 Cards in this Set

  • Front
  • Back

What is the purpose of regulators?

Regulators design regulations to protect the public interest



Ensures firms comply with laws/regulations



Aim to promote national economic objectives

2 types of regulations

Self regulation/ core of conduct - within an individual firm or group of firms. It can take the form of a corporate code of conduct.



External regulation - on a global scale, industry wire across a country.

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