Identify regulatory issues relevant to potential employers in the finance industry
Solution
1. There is an increased focus on both financial and nonfinancial regulatory reporting and the
recognition by firms that data must be mapped to authorized data sources. Adding to this focus
are growing regulatory concerns over counterparty credit risk and credit risk concentrations.
Financial institutions, especially the largest organizations employees, may be challenged to
create systems that are needed to adequately manage this risk, including the capabilities to
identify, aggregate, and monitor gross exposures across the consolidated institution and by
industry.
2. Employees are expressing particular concerns about the lack of progress in eliminating manual
processes and reconciliations, addressing data integrity issues, negotiating resource and other
constraints that impact accuracy and timeliness, and fixing weaknesses in data governance.
Leading firms are responding by developing a more holistic approach to financial and
nonfinancial data management that harnesses the use of data collection for risk management and
decision-making purposes in addition to regulatory compliance.
3. Capturing and analyzing vast amounts of data in real time remain massive challenges for the
financial services industry, as regulators continue to initiate civil and criminal investigations and
levy heavy fines on broker-dealers, investment banks, insurance companies, and retail and
commercial banks based on failures to completely and accurately report required information. In
addition ensuring compliance with federal and state laws prohibiting money laundering, financial
crime, insider trading, front running, and other market manipulations and misconduct remains
critically important.
4. Many compliance employees are revaluating their overall approach to privacy and compliance
within their organizations. This includes a focus on continuous improvements to data security, IT
infrastructures, enterprise provisioning, and scalable data management controls both locally and
globally.
5. Increasing cross-border regulatory policy divergences will require internationally active
financial firm’s employees to undertake more strategic and comprehensive assessments of their
regulatory policy risks. These challenges underscore the importance of developing a centralized
process for assessing current and potential future regulatory demands using advanced
governance, risk management, and compliance regulatory change tools.
6. Under current Enhanced Prudential Standards, financial institutions employees are required to
demonstrate their ability to develop internal stress testing scenarios for both capital and liquidity
that properly reflect and aggregate the full range of their business activities and exposures as
well as the effectiveness of their governance and internal control processes in both a business-as-
usual (BAU) scenario and a stressed environment..
Top Internal Audit Priorities for Financial Services Organizations, 2016jennyhollingworth
Each year, Protiviti conducts its Internal Audit Capabilities and Needs Survey to assess current skill levels of internal audit executives and professionals, identify areas in need of improvement, and help to stimulate the sharing of leading practices throughout the profession. In this white paper, we describe the outlook of internal audit leaders within the financial services industry.
Outsourcing business functions has become an accepted approach to improving revenue and creating new business opportunities for companies in all industries; banks are no exception. In the last 10 years, the regulatory environment and consumer expectations for a personalized, connected experience in an increasingly mobile and social world are new challenges being managed by an outsourcing business model. While business growth and regulatory compliance are perhaps the two most critical business drivers behind a financial service firm's decision to outsource, the outsourcing solution itself creates a risk that must be managed and regulatory requirements that must be met.
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
A Summary of Top 28 areas covered by EC Proposed Regulation for CRR, CRD IV and Basel III Regulatory Compliance and Implementation of the proposal: A publication by James Jeffrey Okarimia
Partner at RM associates: Partners in Enterprise Risk Managements
Top Internal Audit Priorities for Financial Services Organizations, 2016jennyhollingworth
Each year, Protiviti conducts its Internal Audit Capabilities and Needs Survey to assess current skill levels of internal audit executives and professionals, identify areas in need of improvement, and help to stimulate the sharing of leading practices throughout the profession. In this white paper, we describe the outlook of internal audit leaders within the financial services industry.
Outsourcing business functions has become an accepted approach to improving revenue and creating new business opportunities for companies in all industries; banks are no exception. In the last 10 years, the regulatory environment and consumer expectations for a personalized, connected experience in an increasingly mobile and social world are new challenges being managed by an outsourcing business model. While business growth and regulatory compliance are perhaps the two most critical business drivers behind a financial service firm's decision to outsource, the outsourcing solution itself creates a risk that must be managed and regulatory requirements that must be met.
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
A Summary of Top 28 areas covered by EC Proposed Regulation for CRR, CRD IV and Basel III Regulatory Compliance and Implementation of the proposal: A publication by James Jeffrey Okarimia
Partner at RM associates: Partners in Enterprise Risk Managements
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
Internal.docRunning head Accounting information 1Acco.docxmariuse18nolet
Internal.doc
Running head: Accounting information
1
Accounting information
2
Accounting information
Student Name
University Name
Picket, n.d. defines internal controls as mechanisms to ensure objectives are achieved. Good controls encourage efficiency, compliance with laws and regulations, sound information, and seek to eliminate fraud and abuse. Internal control is also a process designed to provide assurance regarding the achievement of objectives in the effectiveness and efficiency of operations, reliability and internal and external reporting, and compliance with applicable laws and regulations and internal policies.
Everyone in the organization has some role to play in the organization’s internal control system. The board of directors is responsible for the company’s system of internal control and it sets appropriate policies on internal control and seek regular assurance to ensure that the system of internal control is effective in managing risks in the manner which it has approved. It is also the role of the management to implement board policies on risk and control and all the employees of an organization have some responsibility for internal control as part of their accountability for achieving objectives. Management also needs to review the effectiveness of internal control by forming its own view on effectiveness after due and careful enquiry based on the information and assurances provided to it.
A few examples of internal control activities are as follows: (1) Tracking of major agency achievements and comparing these to the plans, goals and established objectives by the management. (2) Establishing physical control to secure and safeguard vulnerable assets. (3) Use a variety of control activities in information processing. (4) There should be a proper execution of transactions by making sure they are authorized and executed only by persons
acting within the scope of their authority. (5) Segregate the key duties and responsibilities to reduce the risk of error or fraud. (6) Appropriate documentation of transactions and other
significant events and they should be readily available for examination. (7) Establish finance committee to spearhead planning and monitoring of financial activities and reporting. (8) Design an effective organizational structure that takes into account the culture of the organization which is critical for effective financial management. (9) Effective management controls which includes methods of financial planning and budgeting and reporting of actual results and follow-up of variances between budgeted and actual amounts.
There are two groups of users of accounting information: internal users and external users. The internal users are the company managers who use the accounting information to decide how to plan and control operations on a daily and long-term basis while the external users are the existing or the potential investors, creditors, analysts, financial advise.
Financial Crime: How Financial Institutions Can Mitigate Risk and Improve Com...Cognizant
Banks face dramatically higher operating costs and business complexity, with the increased scope of financial crimes and growing regulatory liabilities. This highlights the need for a more integrated and unified approach to risk mitigation and compliance.
Unlocking Insights: AI-powered Enhanced Due Diligence Strategies for Increase...RNayak3
Explore how a risk-based approach to Enhanced Due Diligence can deliver effective Anti-Money Laundering (AML) compliance and monitoring in banking and financial services.
regulatory compliance is complex, ever-evolving and becoming more onerous by the day. highly regulated industries like energy, healthcare and financial services face a number of challenges to remain compliant and, most importantly, sustainable.
The compliance officer – a role historically seen as one that requires skilled technical and quantitative calculations – today requires one to possess strong communications skills in order to communicate risks within banks, broker-dealers, investment advisory firms and other organizations. The compliance officer has to understand the challenges the firm faces today and those it could in the near future. Beyond protecting a firm’s sustainability, reputation and wallet, there are regulatory incentives to evolve this role as well. The US Federal Sentencing Guidelines were amended to reward companies for implementing effective compliance programs by protecting them from criminal liability in the first place. Looking outside of the compliance office, good global supply chain management should also focus on sustainability. Many multinational companies have multitiered global supply chains which are linked together in complex interrelationships across multiple jurisdictions. A problem in one can quickly ripple up and down the chain leading to severe reputational damage. Creating sustainability within the global supply chain goes hand in hand with a thorough Know Your Supplier (KYS) process. Investment in physical infrastructure is vital to sustainable development and the future success of developing economies. Whilst there are global resources available to fund the developing world’s investment needs, there are barriers to unleashing that capital – like, investors’ lack of confidence in fiscal and monetary management and a lack of transparency into government and regulatory processes. However, Big Data and open source standards are facilitating the creation of new benchmarks to guide investors in infrastructure projects. In this issue of Informer we take a closer look at these challenges: their impact on the sustainability of a business; the repercussions that can result from mismanaging them; how understanding them can create opportunities and the innovative ways Thomson Reuters is addressing them to keep you on the right side of regulators and allowing you to move forward with confidence.
Deloitte has been at the forefront of providing services to help clients - especially for some of the leading financial institutions - to help deal with myriad business and compliance issues presented by financial crime. See More : https://www2.deloitte.com/in/en/pages/finance/topics/forensic.html
Importance of Regulatory Compliance as a Part of Today’s Business360factors
Compliance standards differ by industry and nation. However, regulatory compliance is fundamental for every industry and enterprise in several countries with a vibrant commercial and economic landscape. On the other hand, regulatory compliance is exceptionally critical in businesses with strict compliance scrutiny, such as healthcare and finance, and areas where customer privacy, data protection, and cybersecurity are crucial to company sustainability and legally compliant processes.
For more details: https://www.360factors.com/blog/importance-regulatory-compliance/
Research paper - Forensic investigation, due diligenceHarsh Chitroda
Topic: Importance of Business Intelligence Services - Forensic Investigation, Due diligence in the current business scenario. The type of research method used in the paper was a qualitative one and obtained from real experience working at Deloitte.
Brett Donovan was the manager at Waltons Diner. He planned to promo.pdffazalenterprises
Brett Donovan was the manager at Walton\'s Diner. He planned to promote owner told him that
he did not want a black person in charge at any time of the day or night at his restaurant.
Additionally, Brett wanted to promote Carlton, one of the bus boys, to waiter. The owner vetoed
that recommendation as well on the grounds that his customers would not feel comfortable
having a black man bring them their food, that it might be intimidating. Brett was extremely
frustrated and offered Keisha and Carlton the promotions anyway because they were deserving.
Subsequently, Brett was fired Keisha, one of the waitresses, to assistant manager; however, the a.
Brett is liable for race discrimination because he acquiesced in the employer\'s discriminatory
policy b. Brett has a cause of action against Walton\'s Diner under Title VII of the Civil Rights
Act of 1964 based on the theory of constructive discharge O c. Brett has a cause of action against
Walton\'s Diner under Title VIl of the Civil Rights Act of 1964 under the opposition clause O d,
Brett is liable for race discrimination because he failed to change the company\'s policy
regarding promotion of African Americans
Solution
Answer = c)
Brett has a cause of action under title 7 of civil rights act 1964 under the opposition clause.
Title VII prohibits employment discrimination based on race, color, religion, sex and national
origin..
Being larger than the right ventricle, the left ventricle pumps more .pdffazalenterprises
Being larger than the right ventricle, the left ventricle pumps more blood each beat. A) True B)
False
Solution
33. FALSE
Left ventricle pumps blood at higher pressure as it needs to pump blood to far away distance in
body.
Quantity of blood pumped by both ventricles is same else differential pumping may lead to
pooling of blood in lungs which can be a fatal pathological condition..
More Related Content
Similar to Identify regulatory issues relevant to potential employers in the fi.pdf
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
James J Okarimia
Managing Partner
Aligning Finance, Risk and Data Analytics in Meeting the Requirements of Emerging Regulations
Banks must meet more (and more varied) regulations today than ever. The sheer scale and scope of banking regulations, including Dodd-Frank, Basel III and IFRS, pose challenges to all financial institutions, from the smallest bank to the largest financial services enterprise.
Internal.docRunning head Accounting information 1Acco.docxmariuse18nolet
Internal.doc
Running head: Accounting information
1
Accounting information
2
Accounting information
Student Name
University Name
Picket, n.d. defines internal controls as mechanisms to ensure objectives are achieved. Good controls encourage efficiency, compliance with laws and regulations, sound information, and seek to eliminate fraud and abuse. Internal control is also a process designed to provide assurance regarding the achievement of objectives in the effectiveness and efficiency of operations, reliability and internal and external reporting, and compliance with applicable laws and regulations and internal policies.
Everyone in the organization has some role to play in the organization’s internal control system. The board of directors is responsible for the company’s system of internal control and it sets appropriate policies on internal control and seek regular assurance to ensure that the system of internal control is effective in managing risks in the manner which it has approved. It is also the role of the management to implement board policies on risk and control and all the employees of an organization have some responsibility for internal control as part of their accountability for achieving objectives. Management also needs to review the effectiveness of internal control by forming its own view on effectiveness after due and careful enquiry based on the information and assurances provided to it.
A few examples of internal control activities are as follows: (1) Tracking of major agency achievements and comparing these to the plans, goals and established objectives by the management. (2) Establishing physical control to secure and safeguard vulnerable assets. (3) Use a variety of control activities in information processing. (4) There should be a proper execution of transactions by making sure they are authorized and executed only by persons
acting within the scope of their authority. (5) Segregate the key duties and responsibilities to reduce the risk of error or fraud. (6) Appropriate documentation of transactions and other
significant events and they should be readily available for examination. (7) Establish finance committee to spearhead planning and monitoring of financial activities and reporting. (8) Design an effective organizational structure that takes into account the culture of the organization which is critical for effective financial management. (9) Effective management controls which includes methods of financial planning and budgeting and reporting of actual results and follow-up of variances between budgeted and actual amounts.
There are two groups of users of accounting information: internal users and external users. The internal users are the company managers who use the accounting information to decide how to plan and control operations on a daily and long-term basis while the external users are the existing or the potential investors, creditors, analysts, financial advise.
Financial Crime: How Financial Institutions Can Mitigate Risk and Improve Com...Cognizant
Banks face dramatically higher operating costs and business complexity, with the increased scope of financial crimes and growing regulatory liabilities. This highlights the need for a more integrated and unified approach to risk mitigation and compliance.
Unlocking Insights: AI-powered Enhanced Due Diligence Strategies for Increase...RNayak3
Explore how a risk-based approach to Enhanced Due Diligence can deliver effective Anti-Money Laundering (AML) compliance and monitoring in banking and financial services.
regulatory compliance is complex, ever-evolving and becoming more onerous by the day. highly regulated industries like energy, healthcare and financial services face a number of challenges to remain compliant and, most importantly, sustainable.
The compliance officer – a role historically seen as one that requires skilled technical and quantitative calculations – today requires one to possess strong communications skills in order to communicate risks within banks, broker-dealers, investment advisory firms and other organizations. The compliance officer has to understand the challenges the firm faces today and those it could in the near future. Beyond protecting a firm’s sustainability, reputation and wallet, there are regulatory incentives to evolve this role as well. The US Federal Sentencing Guidelines were amended to reward companies for implementing effective compliance programs by protecting them from criminal liability in the first place. Looking outside of the compliance office, good global supply chain management should also focus on sustainability. Many multinational companies have multitiered global supply chains which are linked together in complex interrelationships across multiple jurisdictions. A problem in one can quickly ripple up and down the chain leading to severe reputational damage. Creating sustainability within the global supply chain goes hand in hand with a thorough Know Your Supplier (KYS) process. Investment in physical infrastructure is vital to sustainable development and the future success of developing economies. Whilst there are global resources available to fund the developing world’s investment needs, there are barriers to unleashing that capital – like, investors’ lack of confidence in fiscal and monetary management and a lack of transparency into government and regulatory processes. However, Big Data and open source standards are facilitating the creation of new benchmarks to guide investors in infrastructure projects. In this issue of Informer we take a closer look at these challenges: their impact on the sustainability of a business; the repercussions that can result from mismanaging them; how understanding them can create opportunities and the innovative ways Thomson Reuters is addressing them to keep you on the right side of regulators and allowing you to move forward with confidence.
Deloitte has been at the forefront of providing services to help clients - especially for some of the leading financial institutions - to help deal with myriad business and compliance issues presented by financial crime. See More : https://www2.deloitte.com/in/en/pages/finance/topics/forensic.html
Importance of Regulatory Compliance as a Part of Today’s Business360factors
Compliance standards differ by industry and nation. However, regulatory compliance is fundamental for every industry and enterprise in several countries with a vibrant commercial and economic landscape. On the other hand, regulatory compliance is exceptionally critical in businesses with strict compliance scrutiny, such as healthcare and finance, and areas where customer privacy, data protection, and cybersecurity are crucial to company sustainability and legally compliant processes.
For more details: https://www.360factors.com/blog/importance-regulatory-compliance/
Research paper - Forensic investigation, due diligenceHarsh Chitroda
Topic: Importance of Business Intelligence Services - Forensic Investigation, Due diligence in the current business scenario. The type of research method used in the paper was a qualitative one and obtained from real experience working at Deloitte.
Brett Donovan was the manager at Waltons Diner. He planned to promo.pdffazalenterprises
Brett Donovan was the manager at Walton\'s Diner. He planned to promote owner told him that
he did not want a black person in charge at any time of the day or night at his restaurant.
Additionally, Brett wanted to promote Carlton, one of the bus boys, to waiter. The owner vetoed
that recommendation as well on the grounds that his customers would not feel comfortable
having a black man bring them their food, that it might be intimidating. Brett was extremely
frustrated and offered Keisha and Carlton the promotions anyway because they were deserving.
Subsequently, Brett was fired Keisha, one of the waitresses, to assistant manager; however, the a.
Brett is liable for race discrimination because he acquiesced in the employer\'s discriminatory
policy b. Brett has a cause of action against Walton\'s Diner under Title VII of the Civil Rights
Act of 1964 based on the theory of constructive discharge O c. Brett has a cause of action against
Walton\'s Diner under Title VIl of the Civil Rights Act of 1964 under the opposition clause O d,
Brett is liable for race discrimination because he failed to change the company\'s policy
regarding promotion of African Americans
Solution
Answer = c)
Brett has a cause of action under title 7 of civil rights act 1964 under the opposition clause.
Title VII prohibits employment discrimination based on race, color, religion, sex and national
origin..
Being larger than the right ventricle, the left ventricle pumps more .pdffazalenterprises
Being larger than the right ventricle, the left ventricle pumps more blood each beat. A) True B)
False
Solution
33. FALSE
Left ventricle pumps blood at higher pressure as it needs to pump blood to far away distance in
body.
Quantity of blood pumped by both ventricles is same else differential pumping may lead to
pooling of blood in lungs which can be a fatal pathological condition..
C# using Visual studio - Windows Form. If possible step-by-step inst.pdffazalenterprises
C# using Visual studio - Windows Form. If possible step-by-step instructions as well. You are to
create the classic game of Wheel of Fortune. Your application should consist of 3 players,
underlines to represent letters in the puzzle, and the available letters. The initial screen should
look something like: Wheel of Fortune Available letters
ABCDEFGHIKLMNOPQRSTUMWXYZ Puzzle Solve Player 3 Player 2 Player 1 50 Player 1
Spin or Solve Note: My puzzle is \"Pulp Fiction\" but pick your own puzzle\" Notice that Player
1 goes first (see note at bottom of screen) and can either spin or guess the puzzle by clicking the
appropriate button. If Player 1 spins, then the wheel will spin. To represent the wheel, create a
random number from 1 to 10. Each will represent a spot on the wheel. Here are the wheel values:
Random number 1: $100 Random number 2: S300 Random number 3: S500 Random number 4:
$700 Random number 5: S900 Random number 6 S2000 Random number 7: S3000 Random
number 8 S5000 Random number 9: -$1000 ll player loses S1000 from his/her total and loses
that turn Random number 10: S0 player only loses turn
Solution
using System;
using System.Collections.Generic;
using System.ComponentModel;
using System.Data;
using System.Drawing;
using System.Linq;
using System.Text;
using System.Windows.Forms;
namespace WindowsFormsApplication1
{
public partial class Form1 : Form
{
public Form1()
{
InitializeComponent();
textBox1.Text = \"ABCDEFGHIJKLMNOPQRSTUVWXYZ\";
textBox17.Text = \"$0\";
textBox18.Text = \"$0\";
textBox19.Text = \"$0\";
}
private void Form1_Load(object sender, EventArgs e)
{
textBox1.Text = \"ABCDEFGHIJKLMNOPQRSTUVWXYZ\";
textBox17.Text = \"$0\";
textBox18.Text = \"$0\";
textBox19.Text = \"$0\";
}
public void fun()
{
string s1 = \"\";
for (int i = 0; i < 26; i++)
{
s1 = s1 + globalvar.arr[i].ToString();
textBox1.Text = s1;
}
string s2 = textBox2.Text + textBox3.Text + textBox4.Text + textBox5.Text +
textBox6.Text + textBox7.Text + textBox8.Text;
s2 = s2 + textBox9.Text + textBox10.Text + textBox11.Text + textBox12.Text +
textBox13.Text + textBox14.Text + textBox15.Text + textBox16.Text;
if (s2.Equals(\"back to the future\"))
{
s = \"Player \" + (globalvar.k + 1) + \"won and score is \" +
globalvar.scores[globalvar.k];
second.Show();
}
}
Prompt p = new Prompt();
private void button1_Click(object sender, EventArgs e)
{
int[] rand = new int[10]{100,300,500,700,900,2000,3000,100,-1000,0};
Random r1 = new Random();
if (globalvar.k == 0)
{
int num = r1.Next(1, 11);
if (num < 9)
{
MessageBox.Show(\"Value is :$\", rand[num - 1].ToString());
p.Show();
char let = Prompt.c;
int cou=0;
if (let.Equals(\'b\'))
{
textBox2.Text=\"B\";
cou++;
}
else if (let.Equals(\'a\'))
{
textBox3.Text=\"A\";
cou++;
}
else if (let.Equals(\'c\'))
{
textBox4.Text=\"C\";
cou++;
}
else if (let.Equals(\'k\'))
{
textBox5.Text=\"K\";
cou++;
}
else if (let.Equals(\'t\'))
{
textBox6.Text=\"T\";
textBox8.Text=\"T\";
textBox13.Text=\"T\";
cou=cou+3;
}
else if (let.Equals(\'o\'))
{
te.
A number of philosophers held various versions of the view that lang.pdffazalenterprises
A number of philosophers held various versions of the view that language determines thoughts
and how we perceive reality, and that we (or our thoughts) are a prisoner of language. But if so,
how can we explain that 1) there are things we seem to know that are difficult to put into words –
as when someone asks us directions to a place we easily know how to get to, but have trouble
describing to them because the path is complex, or if we get a sudden insight into solving a
problem that is not spelled out to us in words? 2) How can it be that children or pets who can’t
talk know how to do things? And 3) how can it be that directions we give in language actually
seem to work if language is somehow arbitrary? E.g., if I tell you where the garage door opener
is on the wall by the door and tell you to push the button to lock up after yourself as you leave
the house, but warn you that you have to do it from just outside the door so that you don’t trip the
electric eye that will keep the door from closing, you can see for yourself all those things seem
pretty clearly to be true, not arbitrary, right?
And yet, watch what happens in this discussion this week when we consider the following
problem given by William James, which you should all answer as part of this discussion
question. Typically people will disagree. How can that be, given that the event in question is
described very carefully?:
In the middle of a large field there is an old oak tree with a thick trunk. A squirrel is on the trunk
of the tree, about five feet from the ground. A man is on the other side of the tree about 10 feet
from it. He knows the squirrel is there and he circles around the tree in order to see the squirrel.
But the squirrel does not want to be seen, so it circles the trunk too (in the same direction),
keeping the trunk between himself and the man. Both are going around the tree, but is the man
going around the squirrel or not? Why or why not?
A number of philosophers held various versions of the view that language determines thoughts
and how we perceive reality, and that we (or our thoughts) are a prisoner of language. But if so,
how can we explain that 1) there are things we seem to know that are difficult to put into words
– as when someone asks us directions to a place we easily know how to get to, but have trouble
describing to them because the path is complex, or if we get a sudden insight into solving a
problem that is not spelled out to us in words? 2) How can it be that children or pets who can’t
talk know how to do things? And 3) how can it be that directions we give in language actually
seem to work if language is somehow arbitrary? E.g., if I tell you where the garage door opener
is on the wall by the door and tell you to push the button to lock up after yourself as you leave
the house, but warn you that you have to do it from just outside the door so that you don’t trip
the electric eye that will keep the door from closing, you can see for yourself all those.
Why phelogyny has to be this way not other way aroundExaplain bas.pdffazalenterprises
Why phelogyny has to be this way not other way around?
Exaplain based on evidence of
-fossil record
-genetic evdence
-Blast search engine
-nervous system
-body structure or itera itera ori platy helminthes Nematoda Chid a an, ermata Chrdota Chino
Solution
Fossil record & Genetic evidence:
It has clearly observed the predicted order of trait appearance has been increasing as the actual
order of appearance of trait increases among a group of species. Therefore, according to “a
descent with modification of a trait i.e. derived from a common ancestor (a fossil species arose
from a common ancestor)” specifically changing over time. This change was observed in
phylogenetic tree of multicellular organisms (from porifera with no symmetry to bilateral
symmetric species) as “a linear hypothetical relationship between the predicted order of trait
appearance based on trait nesting and the actual order of appearance in the fossil record for a
number of traits among a group of species”.
Fossil species are different and they are transitional fossils as they often resemble and exhibit
both the groups of organisms. They often different in the DNA sequences when perform DNA
sequencing even though they look similar morphologically thereby paleontologists often classify
them as per their interspecific and intraspecific genetic variations (pan genes, core genes)
variations. Fossils are formed due to catastrophism and gradualism, their classification is based
on their body size, and body weight for example dinosaurs is the common ancestors of both birds
and reptiles. Thereby different paleontologists show different family trees for the same fossils.
Blast search engine
The above multicellular eukaryotic classification as per PSI-BLAST considerably along with
matrix -based alignments is used to reveal the amino acid substitution in every species for gene
expression similarity so that protein synthesis can be compared with every species in relation to
higher eukaryotes (chordates). PPSM (position specific scoring matrix) is widely used to get
either positive or negative results in relation to the substitution of the amino acids for protein
multiple sequences.
Delta Blast is more useful in detecting and is identifying “species proteins from lower
multicellular porifera species to annelids, arthropods, non-chordates & chordates” in which
amino acid or nucleotide sequences of the species, which are not closely related compared to the
PSI- BLAST. Some time PSI-Blast also enables to get possible information in identifying the
evolutionary nucleotide substituent’s in the species, which are not closely related.
Nervous system:
The three animal phyla that best represent stages in the evolution of the nervous system of
animals are animals belongs to primitive bilateria, Cnidaria and Ctenophora since these are often
referred as Epitheliozoa. These animals often diversified from primitive sponges where primitive
neuronal system has developed already. The nervous system present.
Which of the following are tertiary activities A. Lead mining.pdffazalenterprises
Which of the following are tertiary activities?
A. Lead mining
B. Airlines
C. Research and Development
D. Barge companies
E. Ranching
Which of the following are tertiary activities?
A. Lead mining
B. Airlines
C. Research and Development
D. Barge companies
E. Ranching
A. Lead mining
B. Airlines
C. Research and Development
D. Barge companies
E. Ranching
Solution
Airlines, Research and development and Barge companies are tertiary activities. They are all
service providers and thus come under tertiary sector activity. Thus, Option B, C and D..
What is John Tukeys relationship to the S language and to the R la.pdffazalenterprises
What is John Tukey\'s relationship to the S language and to the R language?
Solution
Tukey defined data analysis in 1961 as: \"Procedures for analyzing data, techniques for
interpreting the results of such procedures, ways of planning the gathering of data to make its
analysis easier, more precise or more accurate, and all the machinery and results of
(mathematical) statistics which apply to analyzing data.\"
Tukey\'s championing of EDA encouraged the development of statistical computing packages,
especially S at Bell Labs. The S programming language inspired the systems \'S\'-PLUS and R.
This family of statistical-computing environments featured vastly improved dynamic
visualization capabilities, which allowed statisticians to identify outliers, trends and patterns in
data that merited further study.
Tukey\'s EDA was related to two other developments in statistical theory: Robust statistics
andnonparametric statistics, both of which tried to reduce the sensitivity of statistical inferences
to errors in formulating statistical models.
Tukey promoted the use of five number summary of numerical data—the two extremes
(maximum and minimum), the median, and the quartiles—because these median and quartiles,
being functions of the empirical distribution are defined for all distributions, unlike the mean and
standard deviation; moreover, the quartiles and median are more robust toskewed or heavy-tailed
distributions than traditional summaries (the mean and standard deviation).
The packages S, S-PLUS, and R included routines using resampling statistics, such as
Quenouille and Tukey\'s jackknife and Efron\'s bootstrap, which are nonparametric and robust
(for many problems).
Exploratory data analysis, robust statistics, nonparametric statistics, and the development of
statistical programming languages facilitated statisticians\' work on scientific and engineering
problems.
Such problems included the fabrication of semiconductors and the understanding of
communications networks, which concerned Bell Labs.
These statistical developments, all championed by Tukey, were designed to complement the
analytic theory of testing statistical hypotheses, particularly the Laplacian tradition\'s emphasis
on exponential families..
What do health care professionals need to remember when caring for p.pdffazalenterprises
What do health care professionals need to remember when caring for patients in managed care
organizations?
Solution
Managed care or managed healthcare is used in the United States to describe a variety of
techniques intended to reduce the cost of providing health benefits and improve the quality of
care.
It intended to reduce unnecessary health care costs through a variety of mechanisms, including:
economic incentives for physicians and patients to select less costly forms of care; programs for
reviewing the medical necessity of specific services; increased beneficiary cost sharing; controls
on inpatient admissions and lengths of stay; the establishment of cost-sharing incentives for
outpatient surgery; selective contracting with health care providers; and the intensive
management of high-cost health care cases.
Health care professionals and organizations that do not understand managed care\'s implications
will not be prepared for the future.
For example, one implication of managed care is payment capitation, which is the transfer of
financial risk from the insurer to the provider. As a result, health care providers, including
occupational therapy professionals,
He needs to be better managers of scarce resources by recognizing the cost implications among
various alternative procedures while still delivering quality care.
Under managed care with capitation, the professional will need to learn to provide services
within the parameters of a fixed budget,
The managed care will require changes in professional curriculums, emphasis through continuing
education, and assimilation of better cost information to the professionals to facilitate decision
making.
Finally they should remember these things:.
What is the difference between a neurogenic and myogenic heart Plea.pdffazalenterprises
What is the difference between a neurogenic and myogenic heart? Please name some organisms
that have neurogenic hearts, and some that have myogenic hearts.
Solution
A neurogenic heart requires nerve signal to start contraction, whereas a myogenic heart does not
require any external stimulus for initiation of its contraction. The contraction of myogenic heart
originate in SA node which is a part of the heart muscles.
Example of organisms with neurogenic heart:
Spiders, shrimps, crabs, lobster.
Example of organisms with myogenic heart:
Human beings, cats, dogs, birds.
This is sociology. Content Assessments Communications Resources He.pdffazalenterprises
This is sociology. Content Assessments Communications Resources Help Quiz :00 Time
Left:1:22:00 Chukwuebuka Ozueigbo: Attempt 1 Inree-year ola Sasha enjoys pretending to be
ner motner. Sne treats ner dolls as ner motner treats stions her and her sister-telling them to clean
up their messes, looking through picture books with them and scolding them when they\'ve
misbehaved. One important outcome of this type of activity is that Sasha will be better able to
see herself from her mother\'s perspective. Sasha is in which of Mead\'s stages? tions saved the
game stage the imaginary stage the primary stage Quiz Started the plav staae Chapter Four.pptx
chapter Threepptx tx
Solution
Option D is correct, Sasha is in her play stage. Sasha is doing all those things with the doll, she is
made to do by her mom, its hence clear that she is in the play stage..
There is an area that has been classified, according to the IEC requ.pdffazalenterprises
There is an area that has been classified, according to the IEC requirements, a being ‘Group IIA’.
Compare this to something that has been classified, by the Americans or Canadians, as ‘Class I,
Group A’. Which would be the most dangerous are of the two?
Solution
Among Group IIA and clasS I the GrouP IIA is dangerous.
Group IIA contains flammable liquid ,combustible liquid and flammable gases.
These are caused at the time of explosion which are dangerous.
This produces high temperature which causes harmful to humans ,animals ,environment.
It may releases some different gases in to earth which causes effect to environment and it
may causes new health problems.
This group IIA can mix with oxygen and pollute the air.
Class I: It contains liquid ,vapour and flammable gas and acetylene.
Which does not contains more pollution and effect when compared to Group II A.
compare class I and Group II A Group IIA is dangerous and high tendency to mix with air..
The IRS has the right to revoke an installment agreement for any of .pdffazalenterprises
The IRS has the right to revoke an installment agreement for any of the followin occurrences
except:
The taxpayer accepted a temporary assignment abroad
The taxpayer fails to pay any other tax liability
The agreement was based on incorrect or inaccurate information provided by the taxpayer
The IRS believes tax collection under the installment agreement is in jeopardy.
Solution.
The FASB has developed specific guidelines for what to include in in.pdffazalenterprises
The FASB has developed specific guidelines for what to include in income (Income Statement)
and how to report certain unusual and infrequent items.
Discuss the appropriate treatment in the income statement for the following items:
Loss on discontinued operations.
Noncontrolling interest allocation.
Earnings per share.
Unusual and Infrequent Gains and Losses.(a)
Loss on discontinued operations.
Solution
a) Loss on Discounted Operations
Discounted Operations - Discontinued operations are a part of a company’s core business that
has been disposed of, and is reported separately from continued operations on the income
statement.
Loss on Discontinued Operations is a line item on an income statement of a company, below
Income from Continuing Operations and before Net Income. It represents the after tax gain or
loss on sale of a segment of business and the after tax effect of the operations of the discontinued
segment for the period.
b) Noncontrolling Interest Allocation
Non-controlling Interests represents the share in a subsidiary that is not owned by the group (i.e.,
the number of shares which are not owned by the parent company). or in other words Non-
controlling interest (NCI), also known as minority interest, is an ownership position whereby a
shareholder owns less than 50% of outstanding shares and has no control over decisions.
This can be expressed as either a share (%) of net assets of the subsidiary, or can be expressed as
a fair value (effectively, a share of net assets plus a consideration for goodwill).
Minority interest belongs to other investors and is reported on the consolidated balance sheet of
the owning company to reflect the claim on assets belonging to other, non-controlling
shareholders. The non-controlling interest is reported in accordance with IFRS 5 and is shown at
the very bottom of the Equity section on the consolidated balance sheet and subsequently on the
statement of changes in equity. Also, minority interest is reported on the consolidated income
statement as a share of profit belonging to minority shareholders.
c) Earnings per share
EPS is portion of company\'s profit allocated to each outstanding share of common stock.
Publicly owned business must report Earnings per Share (EPS) below the income line in their
income statements - giving EPS a certain distinction among financial ratios.
Why is Earnings per share considered so important? because it gives investors a means of
determining the amount the business earned on their stock share investments: Earnings per share
tells you how much net income the business earned for each stock share you own.
d) Unusual and Infrequent gains and losses
Unusual and Infrequent gains and losses means Gains and losses happened outside the company
operations and will most likely never happen again.
As per FASB rules, events that are both Unusual and Infrequent in nature, are listed as
extraordinary items on income statements, will be treated such as losses from theft or early
retireme.
A difference between bacterial and eukaryotic transcriptionMultipl.pdffazalenterprises
A difference between bacterial and eukaryotic transcription
Multiple Choice
RNA is synthesized 5’ to 3’ in bacteria, but 3’ to 5’ in eukaryotes.
in eukaryotes, there are different RNA polymerases (I, II, and III).
in bacteria, introns have to be removed from the primary RNA transcript.
transfer RNAs (tRNAs) are involved in eukaryotic transcription only.
in bacteria, the start signal is an AUG, while in eukaryotes it is a promoter.
Solution
Differences.
there are different RNA polymerases (I, II, and III). in bacteria,
introns have to be removed from the primary RNA transcript
hope it helps ....Regards.
Ten independent observations were made of the time to load a pallet..pdffazalenterprises
Ten independent observations were made of the time to load a pallet. The observed times, in
minutes, were 104, 122, 110, 170, 95, 96, 100, 73, 82, and 113. Compute the sample mean of this
data.
Solution
Sample mean= sum of all observations/ number of observations
=(104+122+110+170+95+96+100+73+82+113)/10
=1065/10
=106.5
Sample mean is 106.5.
Read and reflect on the case study involving the CEO of Xerox on pag.pdffazalenterprises
Read and reflect on the case study involving the CEO of Xerox on page 145 of your textbook. In
a two-to-three page paper, describe the principles of the bureaucratic structure. Explain why
flattening hierarchies and empowering teams is a strategy. Analyze what divisional structures are
presented (product, geographic, and market). Conclude with your thoughts on how
organizational design models and structures impact organizational development.
CASE FOR ANALYSIS Ursula Burns Succeeds Anne Mulcahy as CEO of Xerox
In the early 2000s Xerox, the well-known copier company, was near bankruptcy because
aggressive Japanese competitors were selling low-priced digital copiers that made Xerox’s
pioneering light-lens copying process obsolete. The result was plummeting sales as U.S.
customers bought Japanese copiers and Xerox was losing billions of dollars. Xerox searched for
a new CEO who had the management skills to revitalize the company’s product line and the
person chosen to lead the company’s transformation was Anne Mulcahy, a 26-year Xerox
veteran. Mulcahy had begun her career as a Xerox copier salesperson, transferred into human
resource management, and then used her considerable leadership and communication skills to
work her way up the company’s hierarchy to become its president.
As the new CEO, the biggest organizational challenge Mulcahy faced was to find ways to reduce
Xerox’s high operating costs but, at the same time, find ways to develop innovative new lines of
copiers. Specifically, she had to decide how to invest the company’s research dollars to develop
desperately needed new kinds of digital copiers that would attract customers back to the
company and generate new revenues and profits. Simultaneously achieving both these objectives
is one of the biggest challenges a manager can face, and how well she performed these tasks
would determine Xerox’s fate—indeed its very survival.4
To find a solution to this problem, Mulcahy, known as an unassuming person who as CEO
prefers to stay in the background, focused her efforts on involving and listening to Xerox’s
managers, employees, and customers describe its problems. Mulcahy began a series of “town
hall” meetings with Xerox employees, asked them for all kinds of creative input and their best
efforts, but told them that tough times were ahead and that layoffs would be necessary. At the
same time she emphasized that only their motivation to work hard and find ways to reduce costs
and develop new products could save the company. To discover how the company should best
invest its R&D budget, Mulcahy made reaching out to customers her other main priority. She
insisted that managers and engineers at all levels should visit, meet, and talk to customers to
uncover what they most wanted from new digital copiers—and from Xerox. During one of her
initiatives, called “Focus 500,” which required Xerox’s top 200 managers to visit its top 500
customers, Mulcahy came to increasingly appreciate the skills of Ursu.
QUESTION 2 The current account is the record of O a. foreign investme.pdffazalenterprises
QUESTION 2 The current account is the record of O a. foreign investment in the nation. Ob.
payments for imports, receipts for exports, net interest, and net transfers. c. the nation\'s exports
but not its imports d. changes in the government\'s holdings of foreign currency.
Solution
Correct option is (b).
In the Balance of Payments accounts, Current account comprises the cash inflows from exports,
cash outflows for imports, net interest (= Interest income from abroad - Interest payment abroad)
and net transfers (= Transfer payments received from abroad - Transfer payments made abroad)..
MULTIPLE CHOICESSolution5. Correct Answer B) Self Servicing.pdffazalenterprises
MULTIPLE CHOICES
Solution
5. Correct Answer: B) Self Servicing Bias
Meaning of other options:
Fundamental attribution error: is the tendency people that while judging other people they
overemphasize on personal or internal characteristics and ignore situational or external factors.
Distinction Bias: is the tendency when a person assesses the given two options together as very
different as compared to the time when they are assessed separately.
Selective perception: is the tendency in which a person feels that whatever he thinks is correct
and ignores other opposing point of views.
Stereotyping: is the tendency to typecast i.e. typecasting the entire group of individuals with
specific types of individuals or certain ways of behaving
Explained the first one in detail because as per the guidelines only first question needs to be
answered but providing Quick answers to the rest of the questions too:
6) Correct Answer: C) to avoid the contrast effect
7) Correct Answer: B) Informal
8) Correct Answer: C) Role Expectations.
Mendel’s law of dominance supports thatOne person dominates over .pdffazalenterprises
Mendel’s law of dominance supports that:
One person dominates over another.
A copy of a gene rides over another.
When the unit factors are dissimilar one is dominant and the other is recessive.
When unit factors are similar one is dominant and the other is recessive.
Dissimilar unit factors are dominant.
Solution
Answer:
When the unit factors are dissimilar one is dominant and the other is recessive.
Explanation:
Example..
Tt(dissimilar factors)= T is dominat and t is recessive.
TT (similar factors)= Both dominant
tt (similar factors)= Both recessive.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Identify regulatory issues relevant to potential employers in the fi.pdf
1. Identify regulatory issues relevant to potential employers in the finance industry
Solution
1. There is an increased focus on both financial and nonfinancial regulatory reporting and the
recognition by firms that data must be mapped to authorized data sources. Adding to this focus
are growing regulatory concerns over counterparty credit risk and credit risk concentrations.
Financial institutions, especially the largest organizations employees, may be challenged to
create systems that are needed to adequately manage this risk, including the capabilities to
identify, aggregate, and monitor gross exposures across the consolidated institution and by
industry.
2. Employees are expressing particular concerns about the lack of progress in eliminating manual
processes and reconciliations, addressing data integrity issues, negotiating resource and other
constraints that impact accuracy and timeliness, and fixing weaknesses in data governance.
Leading firms are responding by developing a more holistic approach to financial and
nonfinancial data management that harnesses the use of data collection for risk management and
decision-making purposes in addition to regulatory compliance.
3. Capturing and analyzing vast amounts of data in real time remain massive challenges for the
financial services industry, as regulators continue to initiate civil and criminal investigations and
levy heavy fines on broker-dealers, investment banks, insurance companies, and retail and
commercial banks based on failures to completely and accurately report required information. In
addition ensuring compliance with federal and state laws prohibiting money laundering, financial
crime, insider trading, front running, and other market manipulations and misconduct remains
critically important.
4. Many compliance employees are revaluating their overall approach to privacy and compliance
within their organizations. This includes a focus on continuous improvements to data security, IT
infrastructures, enterprise provisioning, and scalable data management controls both locally and
globally.
5. Increasing cross-border regulatory policy divergences will require internationally active
financial firm’s employees to undertake more strategic and comprehensive assessments of their
regulatory policy risks. These challenges underscore the importance of developing a centralized
process for assessing current and potential future regulatory demands using advanced
governance, risk management, and compliance regulatory change tools.
6. Under current Enhanced Prudential Standards, financial institutions employees are required to
demonstrate their ability to develop internal stress testing scenarios for both capital and liquidity
2. that properly reflect and aggregate the full range of their business activities and exposures as
well as the effectiveness of their governance and internal control processes in both a business-as-
usual (BAU) scenario and a stressed environment.
