This case for financials becomes stronger if you assume some dialing back in
financial regulation as the Trump administration promises.
This case for financials becomes stronger if you assume some dialing back in
financial regulation as the Trump administration promises.
Because of its problems with regulators, Zenefits says that Parker has agreed to step down and let Sacks, who has experience navigating complex
financial regulations as PayPal's former COO, to take over as Zenefits» CEO.
The law is aimed at overhauling
financial regulations as a response to the subprime mortgage scandal and financial meltdown a few years ago.
Not exact matches
Bank stocks have benefited from both the anticipation of higher interest rates, which the Federal Reserve is expected to raise next week,
as well
as the belief that the Trump administration will roll back some of the more onerous
financial regulations stemming from the Dodd - Frank Act.
In fact, it saw the sharpest drop since the
financial crisis
as weaker corporate performance sacked cash bonuses and accounting
regulation hampered pension growth.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency
regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over
financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Unless you can afford to employ others to perform these tasks,
as a senior partner you will be responsible for:
financial management, marketing, recruitment, human resources matters, ensuring compliance with applicable legislation and
regulations, purchasing, inventory management, logistics and more.
In the wake of the
financial crisis new banking
regulations (such
as the Volcker Rule) and increased costs of capital contributed to a substantial decline in dealer inventories.
One of the reasons businesses have been moving to automate payroll is compliance with stricter
financial regulations, such
as the Sarbanes - Oxley Act of 2003.
The provocative documentary, Inside Job, brought embarrassing attention to professors who profit from unreported consulting and directorship deals with companies and organizations and then weigh in
as «objective» observers on key policy issues in economics and
financial regulation.
Another recommendation is continuing the push for a common securities regulator, which would increase access to capital by increasing global confidence through more efficient
regulation and stronger enforcement, enhancing Toronto's position
as a major global
financial centre.
No one is so naive
as to think Basel III or any other set of
regulations will prevent
financial disasters.
This press release also includes several Non-GAAP
financial measures
as defined under the SEC's
Regulation G.
That comes
as financial stocks have been the biggest stock market winners since Nov. 8, thanks to Trump's promises to pull back on banking
regulation such
as Dodd - Frank, and tech stocks sank on fears of the president - elect's more protectionist trade policies.
This communication includes several «non-GAAP»
financial measures
as defined under
Regulation G of the U.S. Securities Exchange Act of 1934,
as amended.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including
financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel,
financial condition of commercial airlines, the impact of weather conditions and natural disasters and the
financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and
regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective
financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
And in speeches to some of the country's biggest banks, she highlighted her long ties to Wall Street, bantering with top executives and saying that she views the
financial industry
as a partner in government
regulation.
As a
financial regulator during the time, I worked with members of the House and Senate on some of the Dodd - Frank provisions and helped craft (and vote for) over 60
regulations.
The U.K.'s challenges are somewhat different from Canada's:
as a result of the Conservative Party's austerity campaign, the U.K.'s economy has suffered more than Canada's, which has taken more of a Keynesian approach; and the City,
as London's
financial hub is known, has had a reputation for a much looser approach to
regulation than that found in either Canada or the U.S. Tal says the U.K.'s finance sector has to change and he expects Carney will attempt to move it in the direction of greater
regulation.
Turning to mergers across the broader European
financial sector, Gilbert said that given the number of headwinds facing fund managers, such
as the rise of passive, more
regulation and fee pressure, being bigger certainly helps.
An unintended consequence of the
regulation is that it provided a boost to London's
financial economy,
as secondary share trading businesses set up in the capital to service clients across the EU, rather than being based locally or shares trading on national exchanges.
Important factors that could cause our actual results and
financial condition to differ materially from those indicated in the forward - looking statements include, among others, the following: our ability to successfully and profitably market our products and services; the acceptance of our products and services by patients and healthcare providers; our ability to meet demand for our products and services; the willingness of health insurance companies and other payers to cover Cologuard and adequately reimburse us for our performance of the Cologuard test; the amount and nature of competition from other cancer screening and diagnostic products and services; the effects of the adoption, modification or repeal of any healthcare reform law, rule, order, interpretation or policy; the effects of changes in pricing, coverage and reimbursement for our products and services, including without limitation as a result of the Protecting Access to Medicare Act of 2014; recommendations, guidelines and quality metrics issued by various organizations such as the U.S. Preventive Services Task Force, the American Cancer Society, and the National Committee for Quality Assurance regarding cancer screening or our products and services; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, licensing and supplier arrangements; our ability to maintain regulatory approvals and comply with applicable regulations; and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on For
financial condition to differ materially from those indicated in the forward - looking statements include, among others, the following: our ability to successfully and profitably market our products and services; the acceptance of our products and services by patients and healthcare providers; our ability to meet demand for our products and services; the willingness of health insurance companies and other payers to cover Cologuard and adequately reimburse us for our performance of the Cologuard test; the amount and nature of competition from other cancer screening and diagnostic products and services; the effects of the adoption, modification or repeal of any healthcare reform law, rule, order, interpretation or policy; the effects of changes in pricing, coverage and reimbursement for our products and services, including without limitation
as a result of the Protecting Access to Medicare Act of 2014; recommendations, guidelines and quality metrics issued by various organizations such
as the U.S. Preventive Services Task Force, the American Cancer Society, and the National Committee for Quality Assurance regarding cancer screening or our products and services; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, licensing and supplier arrangements; our ability to maintain regulatory approvals and comply with applicable
regulations; and the other risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of
Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on For
Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10 - K and our subsequently filed Quarterly Reports on Form 10 - Q.
Included in this press release are non-GAAP adjusted
financial information
as defined by U.S. Securities and Exchange Commission
Regulation G.
The Obama administration has announced a set of
financial regulations that would force companies to disclose more information about their owners, part of an effort billed
as a crackdown on tax evaders and money launderers.
He is charged with implementing the administration's imminent plans to reform the nation's tax code,
as well
as revising
financial regulations and renegotiating trade deals.
The Board has determined, in its business judgment, that each member of the AEC (Lloyd H. Dean, Enrique Hernandez, Jr., Robert L. Joss, Cynthia H. Milligan, Nicholas G. Moore, Philip J. Quigley, and Susan G. Swenson) is financially literate
as required by NYSE rules, and that each member qualifies
as an «audit committee
financial expert»
as defined by SEC
regulations.
Ripple Labs designed the Ripple protocol
as such because we believe that local jurisdictions are best suited to define their own standards in connecting fragmented payment networks given the complexity of
financial regulation.
As a result, online marketplaces offering these
financial products are subject to a related set of
regulations, the MiFID II.
Under the 2010 Dodd - Frank Act, which toughened
financial regulations in an effort to avoid a repeat of the 2008 crisis, the oversight panel had the power to designate non-bank institutions such
as AIG
as systemically important
financial institutions, meaning that their failure could pose a risk to the entire
financial system.
The Trump administration backed the bill, the
Financial Choice Act,
as part of a multi-pronged effort to ease banking
regulations to spur economic growth.
If the external shocks seemed to pose
financial stability risks, macroprudential measures might be introduced
as a complement or backstop to existing
regulations and oversight of domestic
financial systems.
Others control many of the relevant tools — such
as capital requirements, the
regulation of housing finance, the
regulation of
financial market conduct and the framework for resolution of
financial institutions.
The Board will continue to monitor legislative and regulatory developments regarding advisory vote
regulation and legislation,
as well
as best practices for companies both inside and outside the
financial services industry.
The Board has determined, in its business judgment, that each current member of the AEC (John D. Baker II, Lloyd H. Dean, Enrique Hernandez, Jr., Robert L. Joss, Cynthia H. Milligan, Nicholas G. Moore, Philip J. Quigley, and Susan G. Swenson) is financially literate
as required by NYSE rules, and that each member qualifies
as an «audit committee
financial expert»
as defined by SEC
regulations.
In addition, the International Monetary Fund (IMF), in its Global
Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing regulations in the U.S., coupled with deep tax cuts, could lead to dangerously high financial risk - taking such as we saw
Financial Stability Report, warned that a «wholesale dilution or backtracking» of existing
regulations in the U.S., coupled with deep tax cuts, could lead to dangerously high
financial risk - taking such as we saw
financial risk - taking such
as we saw pre-2008.
Such risks and uncertainties include, but are not limited to: our ability to achieve our
financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government
regulation over our business and the potential effects of new laws or
regulations or changes in existing laws or
regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such
as Medicare; the effectiveness and security of our information technology and other business systems; unfavorable industry, economic or political conditions, including foreign currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger
as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger; effects on the businesses
as a result of uncertainty surrounding the proposed Merger;
as well
as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com
as well
as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
At the same time, the long - running practice of paying for research through trading commissions is being upended by new
regulations in Europe, known
as the revised Markets in
Financial Instruments Directive.
Our vision is to be recognized
as the premier provider of dispute solutions for
financial institutions and customers of
financial institutions and
regulations for which we have jurisdiction.
The Code of Ethics covers topics such
as financial reporting, conflicts of interest and compliance with laws, rules,
regulations and our policies.
The Board has determined that Mr. Weston qualifies
as an «audit committee
financial expert» under SEC rules and
regulations.
This area covers policies and
regulations, such
as prudential or consumer
regulations,
as well
as technology and other competitive pressures affecting the
financial services industry,
financial markets and the
financial system
as a whole, and their ability to effectively perform their core economic functions.
They see the country
as unsophisticated with little to no
financial regulations in place.
Analysis is hampered because of a lack of transparency by a number of provinces in their
regulation and supervision of
financial institutions, including those they have designated
as systemically important.
Quinn previously served
as of counsel at a leading law firm in crowdfunding, Ellenoff, Grossman & Schole, specializing in facilitating
financial transactions and compliance with JOBS Act
regulations.
Real estate crowdfunding platform RealtyShares has introduced its first equity deal, initiating itself into a select group of startups that are treading carefully
as they seek to capitalize on looming changes to
financial regulations.
The
Financial Industry
Regulation Authority («FINRA») and U.S. Securities and Exchange Commission («SEC») define day traders
as traders that buy and sell a particular security in the same trading day four or more times in any consecutive five business day period.
BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government
regulations, including
regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks
as a result of actions of activist shareholders; government
regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's
financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry, and the company's previously disclosed review of strategic alternatives.
This week is proving to be a critical turning point for the
financial services industry, which is described in the terms of reference for the Hayne royal commission
as systemically strong with the world's best prudential
regulation and oversight.
In addition, our board of directors has determined that Mr. Vivian will qualify
as an «audit committee
financial expert,»
as such term is defined in Item 407 (d)(5) of
Regulation S - K.