Prepare 1500-words essay requiring critical assessment of the activities and subsequent collapse of Wonga.
(Wonga.com, also known as Wonga, is a British payday loan provider of “short-term, high-cost credit” that was founded in 2006 and has operations in the United Kingdom, Spain, Poland and South Africa.)
Course work Assessment
This should include:
- Analysis of the role of appropriate Regulators within the scandal such as FCA, Pensions Regulator and Bank of England: should the situation have been prevented from happening?
- Apply the CII Ethical Dilemma Resolution model to assess the ethics of the scenario and review the Social and Ethical implications of the specific case reviewed.
- Suggest recommendations as to what could be done in the future to ensure that Corporate Managers uphold the highest standards of integrity and ethics in all business matters.
| Assessment criteria | State what Unit Learning Outcomes are being covered by the assessment |
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1. |
Explain the roles and responsibilities of the key regulators within the financial services industry and their promotion of ethical, fair and compliance driven behaviour between firms, advisers and customers |
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2. |
Analyse how the rules and principles set out in regulation, are Outcome applied in practice in order to meet the financial needs of the consumer
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3. |
Demonstrate an ability to apply the range of skills and competences required when advising clients in order to demonstrate the application of professional standards and behaviour
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