Regulation and Development (Junior Cert Business Studies): Flashcards
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Practise the cards
13 cards from this deck
Main regulator of Irish financial institutions
Main regulator of Irish financial institutions
Central Bank of Ireland
Central Bank of Ireland's role
Central Bank of Ireland's role
Watchdog protecting consumers & ensuring fair financial play
Central Bank's role in financial stability
Central Bank's role in financial stability
Prevents major financial crises
Central Bank responsibility: consumer protection
Central Bank responsibility: consumer protection
Protecting consumers & handling complaints
ESCB full name
ESCB full name
European System of Central Banks
Three benefits of financial services competition
Three benefits of financial services competition
More choice, better service, lower prices
Examples of digital-only banks
Examples of digital-only banks
Revolut and N26
Examples of mobile payment platforms
Examples of mobile payment platforms
Apple Pay and Google Wallet
P2P payments definition
P2P payments definition
Peer-to-peer payments between people
Wearable payment technology examples
Wearable payment technology examples
Smartwatches, fitness trackers, key fobs
Cryptocurrency definition
Cryptocurrency definition
Digital currency independent of central banks
Who verifies cryptocurrency transactions
Who verifies cryptocurrency transactions
Network of users called 'miners'
Ireland crypto growth 2014-2018
Ireland crypto growth 2014-2018
Increased by 300%