Given the importance of sound advice in retail financial markets and the fact that financial institutions outsource their advice services, what legal rules maximize social welfare in the market? We address this question by posing a theoretical model of retail markets in which a firm and a broker face a bilateral hidden action problem when they service clients in the market. All participants in ...

This article describes the individualisation of advisories in the financial services sector, especially the consideration of situations and roles. An important aspect in this context is the connection between the requirements imposed by the law (consumer protection and data protection) and the individualisation. Discussing this topic the article concludes that the individualisation benefits fro...

INTRODUCTION Migrants are a vulnerable population and could experience various challenges and barriers to accessing health insurance. Health insurance coverage protects migrants from financial loss related to illness and death. We assessed social health insurance (SHI) coverage and its financial protection effect among rural-to-urban internal migrants (IMs) in China. METHODS Data from the '20...

Social protection refers to a set of policy measures to protect individuals, especially the critically poor, from financial losses due to high-risk events, such as natural disasters, social risks like unemployment, war or unexpected financial shocks, and political risks like discrimination of minorities in conflict zones (1–3). In terms of health, social protection includes protection against h...

and State financial regulators and law enforcement agencies. An Anti-Fraud Subcommittee (AFS) would be established within the President’s Working Group on Financial Markets to administer the network. The regulators would be able to network anti-fraud information on entities and key professionals in the financial services industry; information would not be shared that is unrelated to financial o...

conclusions considering iran’s economic condition during the last five years, the catastrophic health expenditure headcount ratio was more than 2% in iran. materials and methods this descriptive study on iranian rural and urban households was conducted from april to june 2015. the sample sizes were 19437 rural and 18888 urban households that iranian statistical centre (isc) selected them throug...

In the global sourcing world, particularly in financial services, offshore outsourcing and associated data transfers are commonplace and increasing, searching out lower cost third countries, which may have even fewer data protections. In such an environment, the1998 Data Protection Act’s 8 Principle and associated 7 Principle security provisions become critical protections for UK data subjects....