HSBC bank regulations Assignment Example | Topics and Well Written Essays - 750 words

HSBC bank regulations - Assignment Example Regulation in the banking industry is referred to financial regulation, which means a regulatory framework for maintaining integrity of financial systems in different countries and regions (Samuels, et al., 2005). Hong Kong and Shanghai Banking Corporation (HSBC) is one of the leading banks on the global scene with its headquarters based in London, United Kingdom. The bank operates in over 87 countries across Europe, Hong Kong, the US, Australia and the Asia Pacific region (Samuels, et al., 2005). The bank offers a wide range of to its clients including corporate investment banking, personal banking services, commercial banking and markets private banking. The bank has experienced considerable growth in terms of share price and the bank is also the third largest banking corporation in terms of asset ownership. The main competitors of HSBC bank are Barclays bank and the Royal Bank of Scotland (Christopher and Robert, 2006). HSBC bank operates in about 87 countries representing different jurisdictions with different sets of legal structures and financial laws. The bank’s global structure is subject to regulation from the different regulatory organizations in each jurisdiction to operate (Christopher and Robert, 2006). Different sets of laws have had different impacts on the bank over the years and have helped to shape the current structure of the bank in terms of the services offered and its organizational structure. The regulation environment of the HSBC bank affects the banks human resource management strategy, business strategy and customer relationship strategy. The bank has had to conform to different regulations over the years due to changes in the political environment of different countries in which the bank operates (Samuels, et al., 2005). Following the global financial crisis of 2007, several banks including the HSBC bank were affected adversely and had