Problem:
The regulations of financial services and institutions have received lots of attention especially in Europe and America, but the Middle East region has been somewhat inactive. While in Western countries the approach is proactive, in Middle East it's somewhat reactive. The new regulations formed in USA and Europe in wake of global financial crisis is for those markets. But what changes the regulations have gone through. What made them effective enough to ward off any future problems? How these standards can be applied to Middle East market. Discuss.
Additional Information:
The question is from Finance and it is about the importance of Government Regulation of Financial Markets and its effect upon the overall control of the global financial crisis. The question here is in regards to government control in the Middle East, specifically in the financial markets. With the current recession, The United States and most of the European countries were in the grip upon financial turmoil, but in the Middle East, there was hardly any financial downfall of any kind. The details have been stated in the solution.
Total Word Limit: 1830 Words