Topic 3 Grey Bubbles

Question 1

Environmental sustainability

Answer 1

-about reducing the negative human impact on the earths ecosystems in two main ways:
•by means of good environmental management in areas such as atmospheric pollution, water management and land use
•by means of good demand management- effectively managing human consumption of the earths resources, both limiting consumption and increasing the use of renewable resources

Question 2

Economic sustainability

Question 3

Social sustainability

Question 4

Costs of bailing out banks

Answer 4

• Bradford and Bingley-£18bn
• RBS-£33bn
• Northern Rock-£26bn
• HBOS-£11.5bn
• Lloyds-£5.5bn

Question 5

Policing regulation in the UK

Answer 5

• financial policy committee-charged with objective of identifying, monitoring and taking action to remove or reduce systemic risks with a view to protect and enhance he resilience of the UK financial system
• prudential regulation authority-responsible for the prudential regulation and supervision of firms in promoting the safety and soundness of these firms, focus on harm firms can cause to the stability of the UK financial system, those institutions which pose the greatest systemic risk are the focus of its work
• financial conduct authority-securing an appropriate degree of protection for consumers, protecting and enhancing the integrity of the UK financial system; and printing effective competition in the interests of consumers in the markets