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The need for international regulation is urgent because the international market is expanding. Financial crises have been the result of macroeconomic instability since the Second World War, until the weekend of 15 September 2008, when Lehman Brothers filed for bankruptcy. The financial system had become the source of its instability through a combination of greed, lousy underwriting, fake ratings, and regulatory negligence. From that date, governments tried to put together a new regulatory framework that would avoid using taxpayer money for a bailout of banks. They established some disconnected vertical regulations, which will not be sufficient to stop finance from being unstable. Therefore, the need for international and horizontal regulation is urgent.
Financial Stability is one of the key challenges that have been faced at the global level. At the international level, countries are trying to stop corruption and most importantly financial stability could be established. According to Ugeux (2014), the are several reasons for financial instability and irregularity. One of the major reasons is the negligence of the appropriate law and legal aspects.
The is a requirement for a strong legal framework so that international financial regulation could be achieved. In the current scenario, the primary focus of the study is to analyse international financial regulation and identifying ways to bring stability to the economic environment. The role of legal structure is the primary area of concern for the current study. With the help of the current report, it could become possible to identify the legal challenges for the same (Ugeux, 2014).
The primary reason for the study is to develop critical knowledge and understanding of the intrigued financial aspects. The legal structure could be immensely important in controlling financial irregularities. Thus, the primary reason is to analyse and explicate various legal policies and their expediencies in ensuring the financial regulatory at the global level.
In my role as Legal Assistant: I actively carried out several operations, including drafting reports and typing on the keyboard. Managed document and registration, including scanning onto relevant systems. Established and maintained a presence in the reception area by receiving, directing, and assisting visitors in an efficient, professional manner. Key Achievement: Gained specific knowledge and understanding of comprehensive procedures in legal affairs. Learned legal skills for solicitors working in immigration and civil law environment.
In my role as an Intern: Ensured the development of cooperation between international public organisations and governments. Facilitated communication between the UN and foreign organisations. Developed collaboration strategies for promoting a collaborative relationship beneficial for both parties. Prepared reports and regularly reported to various committees. Key Achievement: Organised meetings and met foreign ministers from Scandinavia, EU, Africa, America, and Asia.
In my role as Community Interpreter: I provide proper and consecutive translations of conversations between members, actively attended team meetings, and developed translations into the targeted language. My Key Achievement Include: Actively interacted with community leaders, medical professionals, and local government officials.