Sentences with phrase «in financial oversight»

Particularly the Fed has been lax in financial oversight, as they are the overall regulator, and they have not been tough on the regulators that they oversee.

Pank Patel (pictured), former RSC for the Midlands, had told the Leap academy trust in July that it could start the closure process after a government investigation found «financial irregularity» and «significant weaknesses» in financial oversight.

The Panel for Educational Policy, a 13 - person body that votes on billions of dollars in school spending, is under - trained in financial oversight and pressured to do whatever Mayor de Blasio asks, members say.

The Panel for Educational Policy, a 13 - person body that votes on billions of dollars in school spending, is under - trained in financial oversight and pressured to do whatever de Blasio asks, members say.

Not exact matches

«It's laughable that nobody has paid attention to that,» says Rafi Tahmazian, a portfolio manager with oversight of several energy funds at Canoe Financial in Calgary.

«The minister of finance, supported by the Department of Finance, has ultimate responsibility for the financial system and authority for all financial sector legislation,» he said in a speech in Vancouver in 2009, slamming the door on the efforts of some in Ottawa, including former Bank of Canada governor Mark Carney, to create a more robust system of financial oversight.

In this case, you are asking your board to help you with issues like financial oversight and governance.

The auditors said the Energy Department's Office of Fossil Energy «had not always exercised sound project and financial management practices in its oversight of the project.»

China said it will merge its banking and insurance regulators, in a long - awaited move to streamline and tighten oversight of the financial system in the world's second - biggest economy.

The new SEC boss, Mary Schapiro comes in with a big mandate — and big pressure — to reform the struggling agency and improve financial oversight.

In the run up to the recent financial crisis, his oversight of Wall Street's risk disclosures was ineffective, one reason cited for the severity of the crisis.

In Asia, stocks closed mostly higher but Chinese bonds and equities stumbled after the government announced new steps on banking oversight in an «arduous» fight on financial risks, Reuters reporteIn Asia, stocks closed mostly higher but Chinese bonds and equities stumbled after the government announced new steps on banking oversight in an «arduous» fight on financial risks, Reuters reportein an «arduous» fight on financial risks, Reuters reported.

Dodd - Frank, which Frank crafted alongside Sen. Christopher Dodd, D - Conn., boosted government oversight of banks in a bid to reduce risk and prevent another financial meltdown like the one in 2008.

The settlements over the trading loss in London — reached with the Securities and Exchange Commission, the Office of the Comptroller of the Currency, the Federal Reserve and the Financial Conduct Authority in London — laid bare a pattern of «deficiencies» in JPMorgan's oversight.

In December 2011, the Supreme Court ruled that oversight of stock exchanges and other financial markets falls under the jurisdictional control of the provinces.

My secondary goal is to provide the necessary oversight to financial markets so they don't blow up the primary goal, as has been their pattern in recent years.

The Dodd - Frank bill, which was passed in 2010 in response to the financial crisis, aimed to decrease various risks across the financial system and increase regulatory oversight to prevent such a meltdown from happening again.

The Audit Committee serves a Board - level oversight role, in which it provides advice, counsel, and direction to management and to the auditors on the basis of the information it receives, discussions with management and the auditors, and the experience of the Audit Committee's members in business, financial, and accounting matters.

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.

Canada managed the financial storm of 2008 better than others because we anticipated risks and acted proactively with public policy foresight, responsible oversight of our financial industry, and better decisions and performance by financial service providers and our clients than was the case in other countries.

Audit Committee The Audit Committee assists the Board of Directors in fulfilling its oversight responsibilities by monitoring the Company's financial reporting practices and financial disclosure.

In his new role, Delorey is directly responsible for the on - site management of Marriott Vacation Club and Grand Residences by Marriott properties around the globe, provides oversight and coordination of the on - site management company for The Ritz - Carlton Destination Club, and is responsible for the development and financial performance of resort - based ancillary businesses.

The CFTC and SEC are funded differently (the SEC is self - funded and the CFTC is funded by the government) and have different oversight committees in Congress (the SEC is overseen by the Financial Services Committee and the CFTC is overseen by the Agricultural Committee) but they share a common goal of protecting investors.

Among the likely changes to Dodd - Frank: raising the threshold for tougher oversight from the current $ 50 billion in assets to $ 250 billion; exempting small banks from the so - called Volcker rule, which currently bars them from speculative trading; reducing the amount of financial reporting, particularly racial and income data on mortgage holders; lowering the frequency of regulatory exams; and easing the conditions of stress tests.

Seen as the most significant portion of the legislation is the increase in the level at which a financial institution is considered a systemically important financial institution or SIFI — which subjects institutions to more oversight than other banks not given this designation.

When the International Monetary Fund last reviewed Canada's financial system in 2014, it recommended we do better in managing federal - provincial co-ordination around systemic risk oversight, and improve systemic risk management in capital markets.

The Audit Committee represents and assists the Board in fulfilling its oversight responsibility relating to our financial statements and financial reporting process, the qualifications, independence, and performance of our independent auditors, the performance of our internal audit function, legal and regulatory matters, and our compliance policies and procedures.

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.

FedEx's strong and independent Board of Directors effectively oversees our management and provides vigorous oversight of FedEx's business and affairs in support of our mission of producing superior financial returns for our shareowners by providing high value - added logistics, transportation and related business services through focused operating companies.

However, the biggest added value from VCs is governance, financial discipline, and oversight in business execution.

The market's faith in the Chinese financial industry is being weighed and the headlines point to a merger of the China Banking Regulatory Commission and the China Insurance Regulatory Commission, with some of their current powers — such as financial regulations and prudential oversight — passed on to the People's Bank of China.

Polaris Financial is responsible for the regulatory oversight of The Index House and is registered to operate in Ontario, Quebec, British Columbia, Alberta and Nova Scotia.

The Auditor General, in her Observations on the financial statements, stated that «having accrual - based budgeting results in improved financial oversight as the plans and related results are on the same basis of accounting and therefore result in better transparency and accounting.

Investment Manager essential duties are: 1) Leadership of transaction execution — oversight of all advisors (financial, legal, market and technical), oversight of all financial modelling, pro-active management of timeline and primary point of contact for investment team; 2) Strong input on transactions sourcing; 3) Managing multiple transactions; 4) Negotiate and create optimal commercial, financial and legal structures; 5) Creation of materials for the Investment Committee («IC») sufficient to allow the IC to approve or reject activities, commitments, investments, and exits in accordance with company risk preferences, appetite, processes, etc.; 6) Creation and management of transaction closing processes; 7) Developing, instructing, training, mentoring, and coaching junior personnel;

The next bit of financial reform will have to increase oversight of the shadow banking sector (that is, institutions that in some ways operate like banks but have so far escaped stricter rules) and over-the-counter-derivatives, which are privately negotiated and have remained unregulated.

In September 2013, JPMC paid $ 920 million in fines to the Securities and Exchange Commission, the Federal Reserve Bank, the Office of the Comptroller of the Currency, and the United Kingdom's Financial Conduct Authority to settle claims of mismanagement with respect to its oversight of traders involved in the «London Whale» disaster which caused losses of approximately $ 6 billioIn September 2013, JPMC paid $ 920 million in fines to the Securities and Exchange Commission, the Federal Reserve Bank, the Office of the Comptroller of the Currency, and the United Kingdom's Financial Conduct Authority to settle claims of mismanagement with respect to its oversight of traders involved in the «London Whale» disaster which caused losses of approximately $ 6 billioin fines to the Securities and Exchange Commission, the Federal Reserve Bank, the Office of the Comptroller of the Currency, and the United Kingdom's Financial Conduct Authority to settle claims of mismanagement with respect to its oversight of traders involved in the «London Whale» disaster which caused losses of approximately $ 6 billioin the «London Whale» disaster which caused losses of approximately $ 6 billion.

It is the closest thing Canada has to comprehensive oversight of the financial system, yet it operates in obscurity.

MissionPoint empowers a select group of families, foundations and institutions to achieve social change at scale while preserving rigorous financial oversight, with an extensive history of investing in and launching new impact - driven ventures.

The debt - restructuring petition was filed by Puerto Rico's financial oversight board in the U.S. District Court in Puerto Rico under Title III of last year's U.S. congressional rescue law known as PROMESA.

The rule, which grew out of the 2010 Dodd - Frank financial oversight law, was intended to promote transparency so citizens in some of the world's most impoverished countries can hold their governments accountable for the wealth generated through mining and drilling.

In the aftermath of the 2008 financial crisis, several companies uncovered negligent oversight, which allowed risks to go unidentified until disaster hit.

In performing our oversight function, we reviewed and discussed the consolidated financial statements with management and PricewaterhouseCoopers LLP (PwC), the independent auditors.

Treasury chief executive Mike Clarke said on Friday that Mr Burghardt had done a fine job as chief financial officer during a «critical period for the business» and would now use his deep commercial knowledge to provide important oversights of the operations in the Americas.

«With smart and thorough regulatory oversight, the development and long - term growth of the industry will remain thriving,» Financial Services Superintendent Maria Vullo said in a statement.

A study by the World Bank this year shows that less than 5 % of adults in Yemen have an account at a formal financial institution, which shows how difficult it would be for any monitoring and oversight authority to trace political finance within Yemen.

And that's why we want to ensure that financial products like standardized derivatives are traded in the open, in full view of businesses, investors, and those charged with oversight.

The Economic and Financial Crime Commision (EFCC) prosecutor, Jacobs, had told a Federal High Court, Abuja on Wednesday that the DSS Director of Legal Services attributed the failure of the agency to produce the ex-NSA in court on Tuesday to an «oversight».

SUNY Poly's seemingly precarious financial state — particularly since former president Alain Kaloyeros resigned in October after state and federal corruption charges were filed against him related to his oversight of bidding processes at two of the school's affiliated nonprofits — has been widely reported, but the internal documents offer a rare glimpse at how the crisis has been perceived and deliberated internally.

SUNY Poly's seemingly precarious financial state — particularly since former president Alain Kaloyeros resigned in October after state and federal corruption charges were filed against him related to his oversight of bidding processes at two of the school's affiliated nonprofits — has been

The House Committee on National Security and Intelligence is scheduled to visit the Headquarters of the National Intelligence Agency (NIA) as part of its oversight function to unravel the controversy over the $ 43.4 million recovered by the Economic and Financial Crimes Commission (EFCC) Apartment 7B in Osborne Towers, Ikoyi, Lagos.