Regulatory Risks And Regulatory Risk Management - 773 Words

What is regulatory risk and regulatory risk management? There is no one definitive definition of â€Å"regulatory risk†, but most people have a good understanding of what this term means. One way of looking at regulatory risk is that it is the risk of getting negative attention from a regulator or having the â€Å"licence to operate† withdrawn by a regulator. Clearly, this would adversely impact on the economic value of any organisation, regardless of size. Regulatory risk management involves the identification of the different types of regulatory risk, assessing the impact of these risks, determining the risk appetite of the organisation, and putting in place risk management procedures and controls. Why is regulatory risk management important? Regulatory risk management brings many benefits to an organisation. It goes without saying that, put very simply, proper and effective regulatory risk management keeps an organisation out of trouble. This is because it informs the decision makers on how to operate the business, from managing day-to-day activities such as processing routine transactions, to attending to atypical matters such as assisting in a regulator’s investigation. With enhanced decision making and greater operational efficiency, regulatory risk management can derive a genuine competitive advantage for any organisation. Excellence in regulatory risk management also differentiates – an organisation can be distinguished from its competitors by the confidence the market has inShow MoreRelatedThe Impact Of Neglecting The Regulatory Drivers For Staff Development And Wat Insurance Brokers s Risk Management1993 Words   |  8 PagesIn order to report on the impact of neglecting the regulatory drivers for b oth staff development and WAT Insurance Brokers own risk management, it will be necessary to discuss the following: †¢ Regulatory non-compliance; †¢ Increased errors; †¢ Heightened business exposures; †¢ Potential termination of trading relationships with insurers. In order to discuss compliance, it is important to remind ourselves that the Systems of Senior Management Arrangements, Systems and Controls (SYSC) section 6.1.1Read MoreRegulatory Changes And Regulatory Risks1082 Words   |  5 PagesIn order to identify regulatory risk, changes in regulation must first be identified. Keeping up-to-date with regulatory changes is no simple task. Fortunately, there are a number of ways lawyers can help clients keep up with the changes: Description of what a client should do Example on how a lawyer could help Keep alert for notifications from regulatory boards and news releases Provide current awareness services such as RSS feeds on legal developments, newsletters for legislation alerts, andRead MoreRole Of Auditing And Regulatory Compliance1558 Words   |  7 Pages ROLE OF AUDITING IN REGULATORY COMPLIANCE BY: SHEFALI VERMA (A-20325809) ILLINOIS INSTITUTE OF TECHNOLOGY, CHICAGO ABSTRACT Risk, compliance and governance activities are by nature interconnected and rely on common sets of informationRead MoreTort Regulatory Risk1109 Words   |  5 Pagesrefining, and aluminum smelting (University of Phoenix). After the challenge that Kelly Bates posed, Roger Lloyd, the chairman of the organization (University of Phoenix), realized that the company needed to come up with a plan to manage torts and regulatory risks. Common business torts include intentional torts, unintentional torts (negligence) and strict liability. Intentional torts refer to actions that are taken with the intent to cause injury to the plaintiff. Unintentional torts, or negligenceRead MoreCompliance Implementation Of Compliance Management1289 Words   |  6 PagesCompliance Charter – BBPK Table of Contents 1. Introduction 2. Definitions †¢ Compliance Division †¢ Compliance Risk †¢ Regulatory Risk †¢ Reputational Risk †¢ Compliance Framework †¢ Risk Appetite †¢ Tolerance Levels 3. The Role of the Compliance Function 4. Responsibilities for Compliance 5. Compliance Risk Management †¢ Compliance Risk Management Framework 6. Compliance Structure 7. Compliance Functions Authority and Capabilities 1. Introduction The purpose of this document is to set out theRead MoreEssay Software and Hardware Companies: Oracle NZ Ltd1375 Words   |  6 Pagesspecializes in developing and marketing computer hardware systems and enterprise software products – particularly its own brands of database management systems. The company also builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software and supply chain management (SCM) software. Oracle is the largest business software and hardware company in the world, with more than 3lakh customers and supportsRead MoreRegulatory Standards Of The Federal Information Systems Management Act911 Words   |  4 Pageswriting assignment I will discuss the following regulatory requirements comprise of the Federal Information Systems Management Act (FISMA), Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act, Payment Card Industry Standards (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), and Intellectual Property Law. I will also discuss security methods and controls which should be applied to ensure compliance with the standards and regulatory requirements. I will explain the guidelines establishedRead MoreWhat Is The Purpose Of Medical Design982 Words   |  4 Pages 1) The Regulatory affairs specialist make sure the final product (medical equipment) seeking the regulatory approval meet all the demands of the Medical Devices Quality System Regulations and other standards proposed by the Regulatory body of a particular region or jurisdiction . The RA Specialists are responsible for the timely completion of Regulatory documents and its associated processesRead MoreFood Safety Net Services ( Fsns )1512 Words   |  7 PagesA. As Merna explains, risk is the likelihood of undesirable occurrences happening in allotted time period (Merna, 2008). Managing risk is a two stage step that involves first, the identification of the risk and the second, taking care of the risk in a way that is best for the company and it goals (Investopedia, 2012). Food Safety Net Services (FSNS), is a well-known company in the private sector that started out in 1994. The company started off, when the owner discovered there was a need for foodRead MoreCapital Requirements And Risk Management1424 Words   |  6 Pagesunanimously adopted new banking regulator y agreement - the Basel III, this agreement greatly enhance the regulatory industry to a minimum proportion of bank core capital requirements, this is a agreement after the financial crisis, the largest global regulatory reform achievements made by the banking sector. Compared to more emphasis on banks own internal control and management, regulatory review process and market discipline, the introduction of IRB credit risk assessment, and the first introduction

Descriptive Essay About Mistake - 1507 Words

Wendy G. rivera Mr. Hasty Digital literacy 9 5 October 2017 my favorite Mistake If the world was created with chaos and violence, because we are going to ask HUMANITY not to be violent and chaotic ... that is my mistake to ask for something, to be something, to trust someone .... Easy. It is not easy to be in a world where being happy costs a lot of unhappiness ... I was born in Central America I never knew the cold I was afraid of as with everything unknown. I have had a wound so deep it is no longer seen ... .When the flood does not stop all cry for a place in the ark, we come to this world to help but for that we must understand that it is help, help is not to give the other what you think you need if not to discover what it is that†¦show more content†¦Bridges is something complex and laborious, solitude is something easier. In a world in which a brother kills another brother, loneliness is the best refuge ... the islander s syndrome is a kind of claustrophobia that some people experience on an island claustrophobia is that, a drowning before the closure before the own closure ... the emotional disconnection is the closing of all the bridges no one enters nobody hurts .. An island could save you from a shipwreck but confines you to banishment, a bridge allows us to leave our island take distance and look at it from outside .. A bridge, a raft, a helicopter or a kiss any recurse is worth to leave ... And develop in me a silent ally from my interior try to build the best bridge ... the connection with the deepest of being with my essence with my desires. try to find that light that shines in my interior .. Great bridges are slowly built stone by stone ... before building a bridge you must dig very deep to the heart of the stone A little while ago I tried to develop a silent allies an island within me and for that silent ally could really help me I have to establish a bridge with that being within me. A bridge between her and me but what is certain is that I will not be so lonely anymore .. The end of the world. How is my world or rather is my world? My world is the place where I grew up, that is what follows me even though I left behind. My world is everything inside the four walls ofShow MoreRelatedEnglish Exit Exam1078 Words   |  5 PagesDear Reader, My writing journey this semester has been a roller coaster. Since the beginning of this course I have improved in so many different areas. When I first began in this class, I didn’t have a clue how to start my essays. I wasn’t very good with being descriptive either. On top of that, revising was something I hated to do. My writing process was very messy and organization was never something I considered when writing a paper. Since taking this class my skills in organization, revisionRead MoreMy Experience Of English Composition972 Words   |  4 Pageshas taught me a lot. When we first began to write our descriptive essay, my confidence level was sky high. I thought that my writing skills were fairly decent, and I was not worried about having too many mistakes. However, after seeing the grade that I made, my confidence level dropped ,and I was not so self-assured like before. With the help of my instructor, I was able to recognize my mistakes first off. The major problem in my descriptive piece was grammatical and mechanical errors such as subject/verbRead MoreWilliam s English Comp 1 Class1023 Words   |  5 PagesPrior to attending Mrs. William’s English Comp 1 class, I felt marginally confident about my writing, however, I knew I needed improvement. You visually perceive, I’ve been out of school for proximately thirty-three years and honestly, not knowing what to expect these questions arose, â€Å"Can I genuinely write†? â€Å"What type of writing will be required†? â€Å"How well will I do†? When I stepped int o the classroom and gazed about the room, I felt out of my element. The students were much younger and more keenlyRead MoreReflection Of College Level Writing836 Words   |  4 Pagesthis online course, it has taught me a lot about writing from expressing my purpose, developing sentence structure, and more. College level writing is important to my career because I need to obtain great writing skills in order to be successful in my career which is an orthopedic. Evidence from three of my EN 1113 papers in this semester suggest that Ive made great progress expressing my main idea, understanding author’s purpose, and being very descriptive throughout my paper. However, it is clearRead MoreComing Into English By Ray Bradbury875 Words   |  4 Pagesthe story once again in the case that something was missed. I performed this task not only with short stories but also scholarly journals that I had to read for the argumentative essay. When doing research, I did not just look from one point of view. I looked at both sides and the full picture in order to grasp my topic about the conservation of giant panda bears. I was taught when researching for topics it is best to use your schools’ database just do not use google, ever. It does not, nor will itRead MoreMy First Year Experience Program1134 Words   |  5 Pagesstronger writer and well prepared for the rest of my college career here at Pacific Lutheran University by improving my vocabulary, being more descriptive and altering my writing process to be more successful. The Writing 101 assignment that I have chosen best demonstrates my progress as a writer is our Personal Narrative Essay. Though this was our first essay of the semester, I did receive my highest grade on this assignment and believes that it reflects my abilities as a writer. Because it was aRead MoreA Brief Note On Assisted Suicide And Suicide1032 Words   |  5 Pagesreport of my writing thus far. During that memo I wrote three goals; to improve my grammar, to add more details to my essays, and fixing mistakes from past essays. White Paper So far I have found all of my sources for my white paper. I have been able to find about five websites for assisted suicide and I have found four websites against assisted suicide. I have talked to a few people about assisted suicide and I am waiting for an expert to call me back. I have also found a few articles on assisted suicideRead MoreThe Most Memorable Piece Of Writing Essay1404 Words   |  6 Pageswriters purpose will allow you to see different aspects of an essay than the average person would. Many different aspects play into why someone writes what they write, and that’s what makes their essay memorable. Personally, the most memorable piece of writing that I’ve ever constructed was my college essay for the University of Central Florida, and these exact aspects; exigence, context, constraints, and audience are what helped develop my essay. Read MoreHow to Write Academic Papers873 Words   |  4 PagesAcad emic Writing Academic Writing Most of us have written several essays in our entire academic career, from primary level up to graduation and university. Starting from small and very simple essays; we come a long way in writing essays in our specialized and chosen field of study, whether it would be philosophy, sports, sciences or any other subject. Some students take essay writing as a fun, a mental activity that enhances their knowledge and boost up their energy levels, while some take it asRead MoreA University Of Tampa Freshman904 Words   |  4 PagesProfessor Birnbaum informed our class about the four essays in which we would write throughout the course and be graded on strictly. In addition, we would also get into small groups weekly to gather ideas and improve our paper. Nevertheless, the first essay began. We were told as a class to write an essay on a personal experience in which meant greatly to us, so I wrote about a speech I gave in front of 700 people. I spent less than three days working on the essa y with only one revision. In result,

Sailing Ship Effect free essay sample

MGMT002: Technology World Change AY 2009-2010, Term 2 Student Paper Review, Howells (2002) The response of old technology incumbents to technological competition sailing ship effect exist? Prepared for: Dr Terence Fan Prepared by: Nicole Isabella Aw Su Sien (G14) Does the Howells presents the audience with a critical view of the sailing ship effect and postulates that it is triggered by misinterpretations based on insufficient knowledge, and that the mer. This sailing ship effect is the rocess whereby the advent of a new technology engenders a response aimed at improving the incumbent technology. I am inclined to Howells view and will further demonstrate this below. There is evidence to believe that the sailing ship effect is existent in the world today. Cooper and Schendel (1988) considered 7 different cases and I would like to focus on the case between vacuum tubes and the transistor. A simple timeline of the development of the vacuum tubes has shown that the old technology (vacuum tubes) ontinued to be improved and reached its highest stage of technical development only after the new technology (transistor) was introduced. We will write a custom essay sample on Sailing Ship Effect or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Nonetheless, there is still insufficient evidence to definitely conclude that the sailing ship effect did take place. The sailing ship effect is challenged due to the number of externalities involved in the technological development of any product, making it difficult to conclude that accelerated improvements made by incumbent technology is driven solely by the emergence of new ones. Granted, there is a timely connection between the arrival of new technologies and the accelerated improvement of old ones, however, one must question the genuine motivation for this action (government funding, normal intra- industry competition, lock-in effect or arrival of new technology). The Flettner rotor ship, for example, was a government-inspired project. Research and Development (RD) is essential in the improvement of any technology. The availability of funds is a problem many firms face, however, with high barriers to entry coupled by inancial support from the government, it is not difficult to understand how this could provide the impetus for accelerated improvement of a technology as a firm would want to gain monopoly in the industry. In the Alkali industry, the Claus-Chance process was already in the works before the threat of the Leblanc process. This improvements are still being made. I believe that the extent of the sailing ship effect can also be related to the substitutability of the old and new technologies. The more substitutable the new technology is, the greater need to invest in the improvement of the old technology to maintain competitiveness in the market (assuming the firm does not exit the industry or switch from old to new technology). This could be a factor, which allows the coexistence of both old and new technology. The advancement of cameras today illustrates the aforementioned idea. Despite the technological advancement of cameras (from film to digital), digital cameras and film cameras still coexist in the arket because of their relatively low substitutability (as film photography is different from that of digital photography). It would be fallacious to argue that the lack of evidence of the sailing ship effect would mean that it is non-existent. Therefore, I do not believe that this effect is non- existent but support Howells viewpoint on the rarity of the sailing ship effect because it is too superficial to claim that the advent of new technologies provided the main driving force for the accelerated improvement of old technologies.

I Grew Out of the Earth free essay sample

When I was a child, I loved to read. One day, my fourth grade teacher cautiously asked me why I found it necessary to read six different books at the same time, alternating the chapters by day. Curious, I had paused a bit, wondering why an adult would indulge a child in a question with such an obvious answer. â€Å"Because if I only read one book, its boring,† I had replied. Things haven’t changed very much. Back then, I reined in my overflowing bursts of creativity and energy with the stories written by others; today, my mind still constantly moves in a dozen different directions at once, but I have found a more effective and soothing way to focus and to calm my mind. I’ve found art. To be clear, I’m not confined to any academic plane; I just happen to have a special connection with art. We will write a custom essay sample on I Grew Out of the Earth or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It soothes my psyche to drown in oil paints and turpentine, to fill my lungs with pastel dust and pencil shavings. Most of all, I love digging my fingers into clay, and creating life from malleable earth. I had never thought of myself as a talented artist. So when my art teacher led my class into the school’s clay room, I considered myself in someone else’s domain. I never expected to fall in love with the messiest, most temperamental and gratifying medium that I’d ever worked with. I don’t know how my first clay piece turned out so well. I had no training in ceramic art before, and truth be told, that piece should never have survived the kiln. Even my art teachers first sympathized with me, telling me that it was my first attempt at working with clay, and I shouldn’t feel bad if it broke apart. So when my finished product finally emerged from the kiln, perfectly intact, my victory tasted twice as sweet. I had sculpted a mermaid, because I felt that mermaids perfectly represented the former beauty and mystique of the ocean. I named her Narcissa – a withering, dying, desperate mermaid. She had wispy hair floating around her skull as if underwater, lips parted in a silent plea, and eyes without pupils to dehumanize her appearance and to draw attention to the dire condition of the oceans. Most importantly, a single, prominent crack along her face to disrupt the beauty and to show the destruction of marine life. Because like a mermaid, Iâ€℠¢ve spent my life loving both the water and the land. Working in the clay room made me believe, for the first time, that I was good at something. I poured my own desperate concern for the water into my art, and it turned into something truly lovely. I finally took pride in myself, and in my talent. When I work with clay, I feel completely and totally at ease. I don’t feel the need to talk, or socialize. I let the silence wrap around me. I work. I create. I am calm in the clay room because I am molding myself, and it takes all the concentration in the world to build my soul into tangible form. I don’t need to speak, to move, because my soul and energy have been transformed into immortal sculptures that don’t need any verbal explanation. When my fingers drag across the soft earth, I leave my fingerprints in their wake, imprinting my own story into their form.