Sentences with phrase «financial regulation system»

Exacerbating the problem, our financial regulation system is defined by conflicts of interest and a lucrative revolving door.

Not exact matches

WASHINGTON, D.C. - Swedish Central Bank Governor Stefan Ingves will participate in a panel discussion on regulations, guidelines and supervision to create financial systems capable of managing cyberattacks and cyber risks 0900 GMT.

Large banks would love to get a broad pass from Dodd - Frank's regulations, which are tougher on them because they pose a greater risk to the financial system than smaller banks.

These included updates on compensation - related regulations and guidance issued by the Board of Governors of the U.S. Federal Reserve System (Federal Reserve Board) and other U.S. federal banking regulators, the Financial Stability Board, the United Kingdom Financial Services Authority and other regulators around the world.

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.

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.

«I expect that the evolution of the financial system in response to global economic forces, technology, and, yes, regulation will result sooner or later in the all - too - familiar risks of excessive optimism, leverage, and maturity transformation reemerging in new ways that require policy responses.»

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.

The shadow banking industry plays a critical role in meeting rising credit demand in the United States, and although it's been argued that shadow banking's disintermediation can increase economic efficiency, its operation outside of traditional banking regulations raises concerns over the systemic risk it may pose to the financial system.

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.

«The government is fully aware of the need to strike a balance between public interest and integrity of the financial system,» Johari continued, «similar to any financial and investment schemes, there is a need to have proper regulation and supervision to ensure any risk associated with such schemes are effectively contained.»

Mr. Poloz: Since that time there has been tremendous investment in the resilience of the financial system, a complete new architecture of regulation, much higher capital requirements and a much more resilient global system.

«The new regulation, a pioneer in Asia, seeks to balance the interests of promoting technological innovations with the potential to improve the level of inclusion and efficiency in the financial system, and to proactively address emerging risks to the system arising out of these new technologies.

The new regulation, a first in Asia, seeks to provide an environment that promotes financial innovation, safeguards the financial system, and reassures financial consumers.

Notably, several banking regulations that previously sought to prevent concentration of systemic risk in our financial system were repealed by Congress in the 1990s — leading in part to the «too - big - to - fail» crisis.

It might take some time to see ATM upgrades in the U.S. financial system because of the strict regulations governing North American banks, according to Bayometric, which is a leading global provider of biometric security systems.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.

And Israel, like several other countries, is coming up with its own set of cryptocurrency regulations to monitor this new financial system somewhat.

Only tighter regulation will stop the financial system from running over their customers again.

This involved assessing vulnerabilities affecting the global financial system and proposing actions to address them, promoting implementation of financial sector regulation and policies and monitoring implementation of the agreed reforms.

This has resulted in three changes: more scrutiny of the global financial system, strengthened regulation and a greater willingness to respond when risks appear to be rising.

«Canadian Financial Regulation: A System in Transition,» C.D. Howe Institute Commentary 78, by Edwin H. Neave (March).

On the other hand, the blockchain will help reduce some of the enormous cost of the increased financial system infrastructure required by new laws and regulations, including Dodd - Frank.

Focus on compliance systems a must, financial services» analysts say, with government regulations expected to continue for the foreseeable future.

NAHB looks forward to working with Secretary Mnuchin and his team to promote tax policies, financial regulations and a housing finance system that will strengthen the American economy and keep the residential construction industry moving in the right direction.»

As a matter of fact, since September 2008 many regulations and prudential supervisions have been implemented in order to strengthen the financial system.

Dowd has written extensively on the history and theory of free banking / private money, central banking, financial regulation, and commodity monetary systems.

Regarding financial regulation, after the full launch of the Payment Systems & Stored Value Facilities Ordinance, the 13 licenced stored value facility operators are enhancing or starting new services.

Source: US Treasury Official Calls for Global Crypto Regulation The undersecretary of the U.S. Treasury's Office of Terrorism and Financial Intelligence called on the international community for stronger cryptocurrency regulations to help protect the financial system and national security in a speech yFinancial Intelligence called on the international community for stronger cryptocurrency regulations to help protect the financial system and national security in a speech yfinancial system and national security in a speech yesterday.

In a joint interview with Marketplace on March 13, former Treasury Secretary Henry Paulson, former president of the New York Federal Reserve and former Treasury Secretary Timothy Geithner, and former Federal Reserve Chair Ben Bernanke stressed that while the financial system is stronger now than it was before the 2008 financial crisis, that could change if certain regulations are rolled back.

«Major challenges right now [include] government regulation and understanding exactly how to work with cryptocurrencies given our traditional financial system, given those regulations.»

Imaduddin Sahabat, deputy director of Bank Indonesia's payment system regulation department, said the fintech industry still can not be separated from conventional banking, because fintech startups require banks to hold their funds to prevent financial losses.

Updated instrument reference data capabilities to enable coverage of the key financial instruments covered by the regulation, including the addition of 1.6 million new pre-fixed individual identifiers (ISINs) for over-the-counter (OTC) derivatives from the ANNA Derivatives Service Bureau (DSB); coverage of 300,000 new financial instruments; additional data for 900,000 existing instruments; and the addition of 5 million records from the Financial Instruments Reference Data Systemfinancial instruments covered by the regulation, including the addition of 1.6 million new pre-fixed individual identifiers (ISINs) for over-the-counter (OTC) derivatives from the ANNA Derivatives Service Bureau (DSB); coverage of 300,000 new financial instruments; additional data for 900,000 existing instruments; and the addition of 5 million records from the Financial Instruments Reference Data Systemfinancial instruments; additional data for 900,000 existing instruments; and the addition of 5 million records from the Financial Instruments Reference Data SystemFinancial Instruments Reference Data System (FIRDS).

In addition, mergers and acquisitions within the financial services sector, relaxation of regulations to permit a wide range of «specialized» exchanges (including some which are set up to allow computers to trade with each other), and systems allowing big institutional investors like banks, mutual funds, pension funds and money managers to exchange shares directly have pretty much eliminated the differences between the exchanges.

«Smaller, stand - alone payment systems for which there are many substitutes — like bitcoin — should generally require much less intensive oversight and regulation because they pose much less risk to the Canadian financial system as a whole,» Deslongchamps told the news publication.

We live in a global economy with a global financial system, yet macroeconomic policy and regulation and supervision have a decidedly national orientation.

During the first meetings of ATTAC, we saw the succession of clearly anti-capitalist positions and those, whose priority is the regulation of financial markets and of the world economic system.

These strategies are manifold: firstly the acceptance of a new regulation of financial capital so that the whole system does not collapse.

Full proposals for changing the system of financial services regulation will be published next week, the chancellor told MPs.

A civic coalition seeking to improve how Albany governs is asking incumbents and candidates for state office this year to pledge publicly to back strict fiscal controls on state spending, stronger ethics and financial disclosure regulations, and a nonpartisan system for drawing legislative and Congressional districts.

In announcing the proposals, Mr. Cuomo said the regulations would «guarantee the financial services industry upholds its obligation to protect consumers and ensure that its systems are sufficiently constructed to prevent cyberattacks to the fullest extent possible.»

In other measures aimed at simplifying business procedures, Mr Redwood has called for the scrapping of the 1974 Health and Safety at Work Act, a reduction in regulation requirements in the financial services industry and a simplified system for submitting tax records.

«This latest test of world financial systems presents a window in which to address fundamental issues that, if tackled properly, will improve economic management, regulation and the fight against inflation, and help us prevent similar crises in the future,» he said.

Mr Brown's calls for a new system of global regulation carries echoes of the original Bretton Woods system, implemented by world leaders after World War Two to establish financial relations.

Mr Osborne said it was hard to choose but the tripartite system of financial regulation was pretty catastrophic.

In both positions her principal task was in the thorough revision of the Financial Services regulation system which was introduced by the Financial Services and Markets Act 2000.

In «Let them eat carbon» Sinclair reveals the financial implications of regulations such as the Renewables Obligation and the EU Emissions Trading System (EU ETS).

To prevent any slippage, the report says, the federal government should reform the patent system to make litigation less common, ease financial regulations that may impose special burdens on start - up companies, and fund research programs aimed at some of the field's biggest challenges.

Monetary and fiscal policies and financial regulation designed to weaken positive feedback are successful in stabilising experimental macroeconomic systems when properly calibrated.»

The President shall determine whether such regulations adequately protect the United States financial system from systemic risk.