Search results “Price cap regulation”
Competition Policy - Price Capping
This Year 2 microeconomics revision tutorial looks at the economics of price capping drawing on examples such as the FCA cap on payday loan interest rates and the EU competition commission cap on text calls and roaming charges for people travelling within the EU. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 7293 tutor2u
What is PRICE-CAP REGULATION? What does PRICE-CAP REGULATION mean? PRICE-CAP REGULATION meaning - PRICE-CAP REGULATION definition - PRICE-CAP REGULATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Price-cap regulation is a form of regulation designed in the 1980s by UK Treasury economist Stephen Littlechild, which has been applied to all of the privatized British network utilities. It is contrasted with rate-of-return regulation, in which utilities are permitted a set rate of return on capital, and with revenue-cap regulation where total revenue is the regulated variable. Price cap regulation adjusts the operator’s prices according to the price cap index that reflects the overall rate of inflation in the economy, the ability of the operator to gain efficiencies relative to the average firm in the economy, and the inflation in the operator’s input prices relative to the average firm in the economy. Revenue cap regulation attempts to do the same thing, but for revenue rather than prices. Price cap regulation is sometimes called "CPI - X", (in the United Kingdom "RPI-X") after the basic formula employed to set price caps. This takes the rate of inflation, measured by the Consumer Price Index (UK Retail Prices Index, RPI) and subtracts expected efficiency savings X. In the water industry, the formula is "RPI - X + K", where K is based on capital investment requirements. The system is intended to provide incentives for efficiency savings, as any savings above the predicted rate X can be passed on to shareholders, at least until the price caps are next reviewed (usually every five years). A key part of the system is that the rate X is based not only a firm's past performance, but on the performance of other firms in the industry: X is intended to be a proxy for a competitive market, in industries which are natural monopolies. Now consider how a utility operator might be different from the average firm in the economy. First, assume that the operator is just like the average firm, except that the operator’s input prices change at a rate that is different from the rate of change for the average firm. If the operator’s input prices increase faster than (conversely, slower than) the rate of inflation, then the operator’s retail prices (revenue) will need to increase faster than (conversely, slower than) the rate of inflation for the operator to be able to have earnings that are at least as great as the operator’s cost of capital. Now assume that the operator is just like the average firm, except with respect to the operator’s ability to improve efficiency. If the operator increases its productivity faster than (conversely, slower than) the average firm, then the operator’s retail prices (revenue) will need to decrease (conversely, increase) relative to the rate of inflation. Combining these two possible differences between the operator and the average firm in the economy, the operator’s retail prices (revenue) should change at the rate of inflation, minus (conversely, plus) the extent to which its input prices inflate less than (conversely, greater than) the rate of inflation, and minus (conversely, plus) the extent to which the operator’s productivity is expected to improve at a rate that is greater than (conversely, less than) the average firm in the economy. The above analysis identifies two things. First, the inflation rate, I, used in the price cap index represents the general rate of inflation for the economy. Second, the X-factor is intended to capture the difference between the operator and the average firm in the economy with respect to inflation in input prices and changes in productivity. That is to say, the choice of inflation index and of the X-factor go hand in hand. Some regulators choose a general measure of inflation, such as a gross national product price index. In this case, the X-factor reflects the difference between the operator and the average firm in the economy with respect to the operator’s ability to improve its productivity and the effect of inflation on the operator’s input costs. Other regulators choose a retail (or producer) price index. In these cases, the X-factor represents the difference between the operator and the average retail (or wholesale) firm. Lastly, some regulators construct price indices of operator inputs. In these cases, the.....
Views: 1250 The Audiopedia
Price Regulation
Views: 661 Guy Pascale
Price Cap Plan - How It Works
A brief explanation of how a Price Cap Plan works. For more information, and to receive a free quote, visit: www.tankwallet.com/pricecap
Views: 158 TankWallet
MCQ Revision Question - Monopoly Price Cap
​Here is a revision question analysing the effect of a price cap on the profit maximising output for a monopolist. CONNECT WITH TUTOR2U ECONOMICS Web: https://www.tutor2u.net/economics Twitter: tutor2u Economics: https://twitter.com/tutor2uEcon Twitter: Geoff Riley https://twitter.com/tutor2uGeoff Facebook: https://www.facebook.com/tutor2u Instagram: https://www.instagram.com/tutor2uecon/ MORE HELP WITH A LEVEL & IB ECONOMICS Online webinars: https://www.tutor2u.net/economics/events/students/online Revision Workshops: https://www.tutor2u.net/economics/events/students/face-to-face Study Notes on every Topic: https://www.tutor2u.net/economics/reference/study-notes Key topics: https://www.tutor2u.net/economics/topics - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 1734 tutor2u
Natural monopoly
An explanation of the theory behind natural monopolies and analysis of regulatory options, including price capping.
Views: 4233 Economics Online
Price Ceilings and Floors- Economics 2.6
In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal price. Make sure that you can draw each of them on a demand and supply graph and identify if there is a shortage or a surplus. Keep in mind that your teacher may use the word "binding" to describe the situation where the price control has an effect on the market. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next videos showing what happens to consumer surplus, producer surplu, and dead weight loss https://www.youtube.com/watch?v=n0LXkA9kato All Microeconomics Videos https://www.youtube.com/watch?v=swnoF... All Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 636096 Jacob Clifford
Principles of Price Regulation
This session is part of the Clean Energy Regulators Initiative Webinar Programme. Theme 0 - Introduction to Network Regulation. The purpose of this Theme is to provide non-regulators audience with a basic knowledge of regulatory principles. Module 1: Principles of Price Regulation This session explains the nature of economic regulation. It discusses the central question why some parts of the electricity value chain remain regulated and are not subject to competition. Furthermore, four main issues regarding an adequate regulatory regime are addressed: · Areas: Where should be regulated? · Scope: What should be regulated? · Type: How should be regulated? · Institutions: Who should regulate? Special emphasis is put on the types of regulation respectively the different forms of price control and their effects (advantages / disadvantages) -- including incentive regulation. A short overview on the current legislation and application of price control in the EU completes the session.
Views: 470 Leonardo ENERGY
Price regulation
Volunteers get to barter over the price of power.
Y2/IB 31) Competition Policy - Monopoly Regulation
Competition Policy - Monopoly Regulation. Crucial video covering monopoly regulation through competition policy. Privatisation: https://www.youtube.com/watch?v=9jvz6sSWzQA Deregulation: https://www.youtube.com/watch?v=3jeKA4V30kk&t=6s Trade Liberalisation: https://www.youtube.com/watch?v=aPJTi3gGOHs&t=13s Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 33315 EconplusDal
How to calculate changes in consumer and producer surplus with price and floor ceilings.
Tutorial on how the impact of price floors and price ceilings to producer and consumer surplus. Deadweight loss is explained also. Like us on: http://www.facebook.com/PartyMoreStudyLess
Views: 134396 Economicsfun
Price Ceilings: Rent Controls
Rent controls are a type of price ceiling. We’ll use our diagram to show how rent controls create shortages by reducing the supply of apartments available on the market. Rent controls also result in reduced product quality, since they reduce the returns to landlords from renting apartments. Landlords respond by cutting costs or performing less maintenance, leading to lower quality. There are search costs associated with rent controls, and they also lead to a misallocation of resources since apartments are not allocated to renters who value them the most. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1QEUsYN Next video: http://bit.ly/20VxXOU Help us caption & translate this video! http://amara.org/v/GLJ9/
TankWallet Price Cap Plan
A brief introduction to TankWallet's Price Cap Plan. For more information, and to receive a free quote, visit: www.tankwallet.com/pricecap
Views: 1308 TankWallet
Energy Price Regulation
Evaluate the likely impacts of imposing a price cap in the energy market.
Views: 149 Gordon Watson
98  0ctane fuel price cap
In a News Night exclusive, we’ve learned the Department of Energy is considering a proposal to stop setting the retail price of 93 octane petrol. The plan will see a price ceiling put in place for the fuel. Courtesy #dstv403
Views: 1578 eNCA
Rate of return regulation and performance based regulation (BSE)
Subject :Business Economics Paper : Economics of services
Views: 260 Vidya-mitra
Energy Price Cap - John Penrose MP 6/3/18
John Penrose MP on energy price cap.
Views: 6 KLEE Photography
States and the Clean Air Act: Effects of Regulation on Electricity Prices
How could a tradable performance standard or cap and trade impact electricity prices? RFF's Dallas Burtraw explains. Visit http://www.rff.org/CleanAirActQA for Dallas's full response and for the answers to more frequently asked questions about state regulation of greenhouse gas emissions under section 111(d) of the Clean Air Act.
Is a cap on energy prices a good idea?
Lawrence Slade, Chief Executive of Energy UK, tells Ian King Live he is concerned that well-intentioned intervention can have unintended consequences, after the Conservatives suggested a plan to cap energy bills would be included in their election manifesto. SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on Facebook: https://www.facebook.com/skynews For more content go to http://news.sky.com and download our apps: iPad https://itunes.apple.com/gb/app/Sky-News-for-iPad/id422583124 iPhone https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Views: 895 Sky News
Monopoly (Government Regulation)
This lesson covers monopoly and government regulation. An unregulated monopoly will produce a small quantity but charge a high price for their products. The government could mandate that the firm produce at the socially optimal level, but it could create major losses for the firm. The government and the firm can come to an agreement called a fair return, which benefits both the firm and society.
Views: 7544 Chris Thomas
Natural Monopoly and the need for Government Regulation
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 76690 Jason Welker
Monopoly Regulation (ATC and MC Pricing)
Rohen Shah explains how to regulate monopolies using MC or ATC pricing. www.DiagKNOWstics.com
What is RATE OF RETURN REGULATION? What does RATE OF RETURN REGULATION mean? RATE OF RETURN REGULATION meaning - RATE OF RETURN REGULATION definition - RATE OF RETURN REGULATION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Rate-of-return regulation is a system for setting the prices charged by government-regulated monopolies. The main premise is that monopolies will be compelled to charge the same price that would ideally prevail in a perfectly competitive market, which is equal to the efficient costs of production plus a market-determined rate of return on capital. Rate-of-return regulation has been criticized because it encourages cost-padding, and because, if the rate is set too high, it encourages regulated firms to adopt inefficiently high capital-labor ratios. This is known as the Averch–Johnson effect, or simply "Gold-plating." Due to the nature of rate-of-return regulation there is no incentive for regulated monopolies to minimize their capital purchases since prices are set equal to their costs of production. Rate-of-return regulation was dominant in the United States for a number of years in the government regulation of utility companies and other natural monopolies. Were these firms to remain unregulated, they could easily charge far higher rates, given that consumers would pay any price for goods such as electricity or water. Rate-of-return regulation was used most regularly to determine reasonable prices for goods supplied by utility companies. This regulation is considered fair due to the fact that they give the company the opportunity to recover costs incurred by providing consumers with their goods or services while simultaneously protecting consumers from paying exorbitant prices that would provide these companies with monopolistic profits. Under this method of regulation, government regulators examine the firm's rate base, cost of capital, operating expenses, and overall depreciation in order to estimate the total revenue needed for the firm to fully cover its expenses. The goal of rate-of-return regulation is for the regulator to evaluate the effects of different price levels on potential earnings for a firm in order for consumers to be protected while ensuring investors receive a "fair" rate of return on their investment. There are five criteria utilized by regulators to assess the suitable rate of return for a firm. 1. The first criterion is whether the rate of return is at a level substantial enough to attract capital from investors. Government regulation of this fashion is meant to ensure that firms don't abuse their monopoly powers to take advantage of consumers; however, they must also ensure that regulation does not prevent customers from acquiring their essential goods and services. If the rate of return is too low, investors will not be compelled to invest in the firm, preventing it from having the financial capital to operate and invest in physical capital and labor, which in turn would result in consumers being unable to receive their sufficient level of service, such as electricity for their homes. 2. The second criterion that regulators must consider is the efficient consumer-rationing of services provided by regulated firms. To promote consumer efficiency, prices should reflect marginal costs; however, this must also be balanced with the first criterion. 3. Thirdly, regulators must ensure that the regulated monopolistic firm utilizes efficient management practices. Here a regulator can examine whether or not the firm's leadership is taking advantage of loopholes in regulation by overstating costs in order to be permitted to operate at a higher price level. 4. A fourth criterion a regulator must investigate is the firm's long-term stability. As above mentioned, one of government's chief concerns is to ensure consumers are able to receive their required level of service. Therefore, regulators must take into account the future prospects of the firm, similarly to the way in which a stock-trader would evaluate a company's future potential. 5. The fifth and final criterion the regulator must take into account is fairness to the investors. This is a separate concern from the first criterion since the regulator must both ensure that the company receives the capital it needs to continue operating and that private investors are receiving fair profits on their investment, otherwise such regulation would likely correspond to a decrease in investment....
Views: 934 The Audiopedia
Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20
So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene and Jacob explain why. Subsidies, however, are a little different, and sometimes they even work. We'll also explain that. Today you'll learn about stuff like price controls, deadweight loss, subsidies, and efficiency. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 382550 CrashCourse
payday loan regulation
Payday Loans/High cost short term credit - new rules and regulation as of 2015 - see the full article in our blog post - https://www.cashlady.com/blog/payday-loans-regulation-changes-price-cap-rollovers-continuous-payment-authorities/
Views: 25 CashLady
Energy Market  inquiry: Tories kick price regulation into the long grass
Sky News. BBC News & Channel 4 News 6 August 2017 IMPORTANT NOTICE: Update - As this channel will be on holiday for most of August & the current copyright strike expires in mid-September, consideration is being given to foregoing the "channel hiatus" referred to below (as long as no further copyright strikes are incurred in the interim). A final decision will be made in early September. You can view my blog here: https://imincorrigible.wordpress.com/ My other YouTube channels search for: "Still Incorrigible" & "Incorrigible Forever" Original notice: As a result of receiving a "copyright strike" this channel will be going on hiatus shortly. If a channel receives three such strikes it is automatically deleted by YouTube. The primary purpose of my YouTube channels is the preservation of a record of historical events as reported at the time and the receipt of a copyright strike imperils that goal. As a result, in the coming weeks, new uploads will cease on this channel and resume on "Still Incorrigible". Future videos will contain more info as it becomes available.
Views: 773 I Am Incorrigible
IMO 2020 Sulphur Regulation, Higher Freight Rates?
The IMO stablished a global limit, for the sulphur content in fuels for ships. The 2020 sulphur regulation, will ban ships from using any marine fuel with a sulphur content above 0.5% as of January 1, 2020...
Views: 315 FullAvanteNews
Cap and Trade vs. Carbon Tax
Both a carbon tax and a system of cap and trade can be used to achieve the socially efficient level of carbon emissions. However, these two methods differ based on a number of factors. This video discusses the pro's and con's of both the carbon tax and cap and trade. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 7650 Edspira
Stent price cap divides doctors, hospitals - News Watch - TV9
Watch TSR-TV9 Awards LIVE: https://www.youtube.com/watch?v=IumIkrSzi5c Stent price cap divides doctors, hospitals - News Watch ► Download Tv9 Android App: http://goo.gl/T1ZHNJ ► Subscribe to Tv9 Telugu Live: https://goo.gl/lAjMru ► Circle us on G+: https://plus.google.com/+tv9 ► Like us on Facebook: https://www.facebook.com/tv9telugu ► Follow us on Twitter: https://twitter.com/Tv9Telugu ► Pin us on Pinterest: https://www.pinterest.com/Tv9telugu
Views: 5380 TV9 Telugu Live
Costs and Rate of Return Regulation
Overview of costs and rate of return regulation.
Views: 909 Trevor Roycroft
Credit Card Regulation 5-20-08
Congress and many consumer activist groups have called for closer regulation on the terms of credit cards. In particular, there have been calls to place price caps on certain fees, including overlimit fees, late fees, and the like. There have also been calls for stricter regulation of credit card marketing, such as marketing to college students. Likewise, there have been calls for specific regulation of certain practices, such as cross-default clauses in credit card contracts. Last year the Federal Reserve issued a long-awaited and lengthy set of proposed amendments to Regulation Z implementing the Truth in Lending Act. What would be the likely the effects of these regulations on consumer protection and competition in the credit card industry? Panelists: --Mr. Thomas A. Durkin --Mr. Oliver I. Ireland --Prof. Adam J. Levitin --Prof. Todd J. Zywicki --Moderator: Mr. Andrew Cochran National Press Club Washington, DC
CoinCheck Hacked, Robinhood's Free trading, Russia's Law on Regulation, Total Market Cap
This video update includes: 1. Total Market Cap 2. Coincheck Hacked - $400 million NEM stolen 3. Robinhood Brings Free Cryptocurrency Trading to the Masses 4. Nordea Bank Bans Employees From Owning Bitcoin 5. George Soros says Trump administration is ‘danger to the world’ 6. Russia Finalizes Federal Law on Cryptocurrency Regulation I hope you will love the content. If you find the content helpful, then please hit LIKE Button, and also write your suggestions on comment box... LIKE ------- SHARE ------- SUBSCRIBE Google Plus: https://plus.google.com/u/0/+TechyDost Facebook: https://www.facebook.com/TechyDostAlok Twitter: https://twitter.com/TechyDostAlok Subscribe on Youtube: https://goo.gl/AJ3nDo Blog: https://techydostalok.blogspot.in/ About : Techy Dost is a YouTube Channel, Where technology is simplified in Hindi ... )
Views: 566 Techy Dost
EOS News Updates - Brendan Blumer Tweet | G20 Crypto Regulation & Price | EOSbet License
EOS News & Market News. I'm ill at the moment so there's not a-lot of energy in this video lol. Lot's of exciting things happening in the EOS space. Time Stamps below to skip to parts you like. ----------------------------------------------------------------------------------------------- Time Stamps: 0:33 EOS price 1:20 Market Conditions 2:10 Brendan Blumer 4:09 EOSbet license 6:34 G20 Regulatiom 8:40 EOS Operations 9:40 MaxDapp Twiiter ----------------------------------------------------------------------------------------------- Twiiter: https://twitter.com/MaxDapp Telegram: MaxDapp Youtube / @Maxdapp ----------------------------------------------------------------------------------------------- This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, endorsement, or offer by any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. Donations: ----------------------------------------------------------------------------------------------- EOS: Eostemple123 BTC: 1GFN8NstrFxECF2DMd3Gg4xwoL4vRtUWAV ETH: 0x7a843cB1a2A4522E4b584336c49461c86B46eC65 DASH: XpybifT7DgTkYLU9DAnN2Pn3tix5MT6Qwj LTC: LiBEuH98Zktd26tCkG4RNEWSoMbJvd1B72 TRX: TTsT36cmXXLD17czQSbKAGJ9zSY4EMupAw Referrals to support my channel: ----------------------------------------------------------------------------------------------- EOSBET: https://dice.eosbet.io/?ref=eostemple123 BETDICE: https://betdice.one/?ref=eostemple123 FASTWIN: https://www.fastwin.io/hero?ref=eostemple123 FISHJOY: https://www.fastwin.io/hero?ref=eostemple123 EOSJACKS: https://eosjacks.com/eostemple123 REF: eostemple123
Views: 1493 MaxDapp
Incentive Regulation and RPI-X by Stephen Littlechild | FSR Monthly Interview
Stephen Littlechild is a Fellow in Privatization, Regulation and Competition at the University of Cambridge Judge Business School, a former member of the Monopolies and Mergers Commission in the UK and was Director General of Electricity Supply from 1989 to 1998. Here he explains the origin and motivation behind the financial incentive making possible the privatization of regulated industries, known as Retail Price Index or RPI-X pioneered in the UK. Interviewer: Jean-Michel Glachant, Director of Florence School of Regulation, Holder of Loyola de Palacio Chair, European University Institute Florence School of Regulation interviews leading experts of the European energy world on hot energy topics at the beginning of each month. http://fsr.eui.eu
Consumer Credit: 4 years of FCA regulation
We are marking 4 years since the FCA took on responsibility for regulation of consumer credit. In our video, above, Andrew Bailey talks about the changes we’ve made and our continuing commitment to ensuring that the consumer credit market meets the needs of society. Over the last 4 years, we’ve made a lot of changes to the consumer credit market. We’ve taken strong action to protect people – introducing a price cap and new rules on payday lending that are saving borrowers around £150 million a year, and restricting the way credit brokers can charge fees. Firms that haven’t met our expectations have given over £900 million in redress back to customers. We’ve checked tens of thousands of firms are doing the right thing by their customers, and made those that don’t, leave the market. We carefully supervise those that remain, especially those that pose more risk to their customers. Under our rules firms must lend responsibly and treat customers fairly – our changes to credit cards are set to save billions of pounds for millions of people by making firms do more to help customers repay debt more quickly, and we are looking closely at unarranged overdrafts. We’ve made rent-to-own companies, who sell household goods for a weekly or monthly fee, be more transparent about charges and improve their standards, and supported nearly 350,000 of their customers in receiving £18 million in compensation. And we’re getting more help to the most vulnerable – improving the way debt management firms operate and directing over 20,000 people to free advice. We are doing more on high-cost credit products, including initiatives to encourage alternatives, and we’re working alongside other groups to address wider problems that are related to credit and debt.
Views: 704 The FCA
NYC Caps Uber and Lyft Vehicles on Road (Promises More Regulation)
CNBC article: https://www.cnbc.com/2018/08/08/new-york-city-votes-to-cap-uber-and-lyft-vehicles.html ►PATREON: https://www.patreon.com/KevinTRod ►PAYPAL: paypal.me/apptrepreneur ►Want to invest in stocks commission free? Use Robinhood! Sign up through this link to get a free stock: https://share.robinhood.com/kevin1823 ►SHOPIFY STORE: https://greatmediauniverse.com/ (use code FIRSTTIMEAPP to get 15% off your ENTIRE first order) ►UBER REFERRAL CODE: 66lgsue (http://ubr.to/1FHCEox) ►LYFT REFERRAL CODE: https://www.lyft.com/drivers/KEVIN599168 ►POSTMATES REFERRAL CODE: FL-r5jf (https://pmfleet.app.link/Qxd1H2DbyK ) ►CARGO: https://app.getcargo.today/referred_by/kevin_32 ►TWITCH CHANNEL: https://go.twitch.tv/kevintrod ►Kevin T. Rodriguez (Main Channel): https://www.youtube.com/user/KevinTRod ►Aspie on YouTube: https://www.youtube.com/channel/UCU0WfIjrtBJzxGGYBUbxGpQ ►Autograph Hound: https://www.youtube.com/channel/UCNKyiHijuIgP4o--26wsVWg Website: http://www.icritic.net E-Mail: [email protected] Facebook: http://www.facebook.com/MovieWizardcom Twitter: https://twitter.com/KevinTRod Google+: https://plus.google.com/+KevinTRod Pinterest: https://www.pinterest.com/kevintrod/pins/ If you would like to send me snail mail, please send all (legal) packages to: Apptrepreneur PO Box 2130 Huntington Beach, CA 92647 All view are protected by the First Amendment and all images and video clips used are protected under Fair Use.
Views: 6387 The Apptrepreneur
Microeconomics Practice Problem - Tradable Permits as a Remedy for Pollution
This video goes through the logic of a tradable permits system for pollution reduction (as compared to a command-and-control policy) and shows how tradable permits (also known as cap and trade) can lower the cost to society of pollution reduction. The problem is taken from Principles of Microeconomics by Dirk Mateer and Lee Coppock, and is Ch. 7 problem #8. See the "Practice Problems" playlist for an archive of daily practice problems. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 18178 jodiecongirl
Crypto Regulation: What Happened and How it Will Affect Crypto Prices Long Term
➜ Coin Crunch Mastermind Group: https://www.facebook.com/groups/coincrunch ➜ Our telegram channel: https://t.me/coincrunch ➜ Coin Crunch Announcements Channel - https://t.me/coincrunchannoucements ---------------------------------------------------------------------------- Sources: https://seekingalpha.com/amp/article/4154800-sec-cftcs-early-regulations-cryptocurrencies-means-market-participants https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11 https://www.reuters.com/article/us-usa-cftc-bitcoin/virtual-currencies-are-commodities-u-s-judge-rules-idUSKCN1GI32C https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading https://www.youtube.com/watch?v=Bljone6C9HE ---------------------------------------------------------------------------- Bitcoin's price plummeted below $9,000 early this morning amid growing fears of a cryptocurrency crackdown by U.S. regulators. The price of one bitcoin traded for $8,851 as of this writing, down 4.8% from 24 hours earlier, according to WorldCoinIndex. That's a plunge of 24% this week. In the past, bitcoin prices have fluctuated wildly seemingly based on nothing, but this week, increased regulatory scrutiny has fueled the sell-off. “Cryptocurrencies have seen more fallouts today for fears of regulations," CNBC's Bob Pisano reported. “Bitcoin price has now fallen 18% over the last two day as watchdogs weigh in on the digital currency space." Pisano said recent Securities and Exchange Commission (SEC) warnings to consumers alerting them that cryptocurrencies are not regulated by the agency may have had a chilling effect on the decentralized, unregulated market. Moreover, a federal judge in New York ruled this week that cryptocurrencies can be regulated as a commodity by the Commodity Futures Trading Commission (CFTC). All this regulatory scrutiny is not going down well with crypto evangelists, many of whom like the unregulated nature of the virtual currency market. However, that's all about to change, as governments around the world are realizing that consumers need protection from potential scams in this opaque ecosystem, whose combined market cap tops $366 billion. Bitcoin prices hovered at $9,292 as of this writing.
Views: 1052 Coin Crunch
Interchange Fee regulation: Patrick W. Diemer comments the EU Council's proposal
In July 2013, The European Commission submitted a proposal to introduce a 0.3% price cap on interchange fees charged to retailers on the purchase value of transactions made with private credit cards. On November 7th, the Council of the European Union has followed the Commission’s original recommendation to exclude corporate credit cards from the cap.
Views: 281 airplusintl
Overview: Bitcoin price, Ethereum Hard Cap, G20, Regulation and Advertising Ban
Vídeo introdutório sobre as principais notícias da semana do mundo das criptomoedas e Blockchain. Quem gostou, se inscreve no canal e dá um like! Até semana que vem cryptoheads. www.21blocks.com Correções: 3:02 - não é resistência, é suporte! 5:41 - Github é um repositório!
Views: 222 Lucca Freire
CAP-AND-TRADE Conference:  Weighing up the plus and minuses
Weighing up the plus and minuses: The impacts of carbon emission regulation on industry, the environment, transportation and land use -- is this a price worth paying? Moderator: Kevin Riggs, Randle Communications Panelists: Catherine Reheis-Boyd, Western States Petroleum Association; Timothy O'Connor, Environmental Defense Fund; Michael Shaw, California Truckers Association; Ryan Young, Greenlining Institute, Amanda Eaken, Natural Resources Defense Council Capitol Weekly and the University of California, UC Sacramento Center present a conference targeting California's new cap-and-trade auction program, a critical piece of the state law curbing climate-changing greenhouse gases.
Views: 197 CalChannel
Is Bitcoin Regulation The Catalyst  For Adoption Of A Trustless Currency?
💰Get on the Waiting List ★ https://yen.io // GET THE APPS 💰 Social Exchange - http://yen.io 🚀 Market Cap - http://coinpuffs.com 📚 Free Email Course - http://10daysofbitcoin.com // GET STARTED 💻 Join us at the PUB! - http://thebitcoin.pub 💰Get a Coinbase Wallet! - http://dctv.co/dctv-coinbase - Sign up! // WE DO SOCIAL 🔑 Decentralized Newsletter - https://dctv.co/dctv-news 📔 Twitter - https://dctv.co/dctv-twitter ✏️ LinkedIn - https://dctv.co/dctv-linkedin Note: This is not financial advice as all investing is speculative. Have fun and good luck!
Views: 643 Decentralized TV
Dr KK Aggarwal on price regulation of stents
Dr KK Aggarwal on price regulation of stents
Views: 42 Dr KK Aggarwal
Will regulation of rideshare apps leave passengers stranded?
In New York City, an influx of vehicles using rideshare apps like Uber has caused the value of the city's taxi medallions to plummet, along with drivers' wages. This month, New York became the first U.S. city to regulate rideshare apps, with a year-long cap on new licenses, amid a conversation about the role city regulation should play in that industry. NewsHour Weekend's Hari Sreenivasan reports.
Views: 6114 PBS NewsHour
FCA pleased with price cap
A recent FCA review stated that they are pleased with the price cap for the payday loans industry, however, they are going to investigated bank overdrafts, rent to own and motor finance: https://www.guarantorloancomparison.co.uk/guarantor-loans/fca-states-pleased-payday-price-cap/
Power Oversteer: 2014 F1 Regulation Changes
05:25 - Double Points, 15:57 - Five Second Penalty, 21:34 - Driver Numbers, 29:57 - Tyre Test, 33:58 - Cost Cap. A special Power Oversteer discussing the regulation changes for Formula 1 in 2014 announced on Monday. Subscribe for more content. Twitter: https://twitter.com/ElusiveKev Google+: https://plus.google.com/+ElusiveKev
Views: 303 ElusiveKev
Shipping Emissions and Climate Regulations
Economist Richard Wolff talks about how sulfur emissions regulation affected the shipping industry worldwide. -- Like, Comment, Share, Subscribe! -- An excerpt from the "Economic Update", a weekly program hosted by Richard Wolff. Learn more: https://www.youtube.com/user/democracyatwrk Full episode: https://www.youtube.com/watch?v=uc9x1PiYKWc Links: 1) New shipping fuel regulation set to hit commodities https://webcache.googleusercontent.com/search?q=cache:VsQDZ7Q-VxIJ:https://www.ft.com/content/d0ae63c4-452f-11e7-8519-9f94ee97d996%3Fmhq5j%3De2+&cd=1&hl=ru&ct=clnk&gl=ru&client=opera 2) U.N. sets rules to cut sulfur emissions by ships from 2020 http://www.reuters.com/article/us-shipping-environment-sulphur-idUSKCN12R1XF 3) Specific CO2 emissions per tonne-km and per mode of transport in Europe, 1995-2011 https://www.eea.europa.eu/data-and-maps/figures/specific-co2-emissions-per-tonne-2 4) 'Made in China' isn't so cheap anymore, and that could spell headache for Beijing http://www.cnbc.com/2017/02/27/chinese-wages-rise-made-in-china-isnt-so-cheap-anymore.html 5) Average Hourly Earnings of Production and Nonsupervisory Employees: Manufacturing (Dollars per Hour, Monthly, Not Seasonally Adjusted) https://fred.stlouisfed.org/series/AHEMAN Richard David Wolff is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City. In 1988 he co-founded the journal Rethinking Marxism. In 2010, Wolff published Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It, also released as a DVD. He released three new books in 2012: Occupy the Economy: Challenging Capitalism, with David Barsamian (San Francisco: City Lights Books), Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press), and Democracy at Work (Chicago: Haymarket Books).
Views: 1830 Richard Wolff Briefly