Exempt and Macroprudential: Difference between pages

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imported>Doug Williamson
m (Minor wording change to definition 1 - 30/10/13)
 
imported>Doug Williamson
(Expand bank regulation context. Source: MCT bank regulation study material.)
 
Line 1: Line 1:
'''1.'''
Regulation for the welfare of the financial system as a whole rather than individual financial institutions.


''UK VAT.''
One insight from the Global Financial Crisis (GFC) was that bank viability regulation at the macro/systemic level had been dangerously neglected pre-crisis.
 
Exempt goods and services which are outside the scope of VAT.
 
 
'''2.'''
 
''Tax''.
 
More generally, assets or transactions outside the scope of all taxes or outside the scope of a particular tax.
 
 
'''3.'''
 
''Regulation and law''.
 
Entities, assets or transactions outside the scope of particular regulations or laws.




== See also ==
== See also ==
* [[Lower rated]]
* [[Microprudential]]
* [[Partial exemption]]
* [[GFC]]
* [[Standard rated]]
* [[VAT]]
* [[Zero rated]]
 
[[Category:Regulation_and_Law]]
[[Category:Taxation]]

Revision as of 12:31, 1 September 2015

Regulation for the welfare of the financial system as a whole rather than individual financial institutions.

One insight from the Global Financial Crisis (GFC) was that bank viability regulation at the macro/systemic level had been dangerously neglected pre-crisis.


See also

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