How, given this loose federation of businesses, could NatWest ensure that it had adequate management controls at the centre to assess and police the sorts of risks that its traders were taking?
In addition to ensuring that agencies have adequate financial management systems, we also are concerned about the security of all Government systems.
Monitor, the NHS regulator, said failure could be due "to the lack of adequate strength" in the management.
It also requires card holders under 21 years of age to have co-signers, prove they have adequate income or pass a money management course.
Everybody would profit were a new round to yield an improved dispute settlement system, as well as new rules for the management, transparency and adequate funding of the WTO.
They included a failure to meet the needs of black and ethnic minority groups, a high turnover of project management and a lack of adequate skills to improve health and education.
It heard that Janice Harry "wholly failed" in her management responsibilities in areas such as ensuring adequate staffing levels.
Britain's front-line obesity management could be done in primary care if adequate resources were provided, yet with a few exceptions health care professionals recognise they are not skilled in managing obesity.
One of our concerns was that the infrastructures of those markets and the risk- and liquidity-management practices of market participants would not be adequate to deal in an orderly way with the collapse of a major counterparty.
The CFTC said Wednesday that the New York firm, a securities broker, commodities trader and provider of risk-management services, failed to put in place adequate risk policies and controls in 2008 and early 2009, a period that included the depths of the financial crisis.
Most notably, the SEC has the power to monitor whether the investment banks had adequate capital relative to their trading positions and balance sheets and the proper risk management systems to prevent catastrophic losses.
In general, effective government oversight of individual institutions increases financial resilience and reduces moral hazard by attempting to ensure that all financial firms with access to some sort of federal safety net--including those that creditors may believe are too big to fail--maintain adequate buffers of capital and liquidity and develop comprehensive approaches to risk and liquidity management.
Pensions are in a better position to know of the conflicts of interest related to an advisor but all-too-often accept assurances from management of these firms that Chinese Walls and other internal operating procedures are adequate to protect against harm.
While much of the national debate regarding pensions has focused upon lack of adequate funding and excessive benefit payments, little attention has been directed at potential malfeasance related to the management of pension investments.
应用推荐