Sentences with phrase «of the financial system for»

The European Parliament recently published a report detailing directives to prevent the use of the financial system for the purposes of money laundering or terrorist financing.

It is even good to allow failures of financial institutions, particularly risky ones at the fringe of the financial system for the same reason.

It builds on the 4th Directive implemented in May 2015 to prevent the use of the financial system for finan - cial crimes such as money laundering and terrorist fi - nancing.

Not exact matches

Wall St villains now saviours Wall Street fund managers - the very people blamed for the sub prime crisis that sparked the global economic meltdown - will be given an almost free ride to buy $ US1 trillion worth of toxic assets crippling the financial system.

The system only allows exchanges that have applied for a license, known as a «Bitlicense,» from New York State's Department of Financial Services to trade cryptocurrencies.

The banking system has been weak for years as most institutions have failed to deal with the high level of bad debt in the wake of the financial crisis.

«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.

«At the end of the day, I am ultimately responsible for supporting financial security, and the stability of the financial system.»

Indeed, little of substance about our vast, interconnected, highly leveraged, nontransparent, global financial system has changed since the crisis (see «Are We Ready for the Next Meltdown?

But it's mostly an elaborate system of business education, teaching employees to understand — and take responsibility for — the numbers that govern SRC's financial health every week and every month.

Establish an audit trail system that will allow for complete reconstruction of all financial transactions following a cybersecurity event

But no matter the outcome, critics of the agency have begun laying the groundwork for the Trumpadministration to make dramatic changes to the institution at the heart of President Barack Obama's overhaul of the financial system.

Treasury's Office of Foreign Assets Control added six individuals and 10 companies and other entities to its sanctions list, saying they have helped people previously penalized for North Korea's weapons development, facilitated North Korea's energy sector and enabled entities to bypass sanctions to get access to the U.S. and international financial system.

When the Bank of Canada cut interest rates in 2015 to offset the collapse of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings in the oil patch could mean for the financial system.

For instance, it may be hard for people without a reasonably intimate knowledge of the financial system to understand JPMorgan's «London Whale» trading scandal in 2012 or the Barclays Libor - rigging scandal in 20For instance, it may be hard for people without a reasonably intimate knowledge of the financial system to understand JPMorgan's «London Whale» trading scandal in 2012 or the Barclays Libor - rigging scandal in 20for people without a reasonably intimate knowledge of the financial system to understand JPMorgan's «London Whale» trading scandal in 2012 or the Barclays Libor - rigging scandal in 2014.

Though still a tiny component of the global financial system — Islamic finance accounts for roughly 0.5 % of the world's financial assets, representing some US$ 850 billion — its proponents claim it's the fastest - growing sector of that system.

You will need everything from a well - furnished reception area and customer - friendly employees to reliable accounting software, a fax machine and an efficient system for carrying out financial transactions whether in the form of physical cash, checks or credit cards.

«You can also integrate the technology with a point of sale system to catch financial losses at the register, such as an employee making bad choices or a cashier working in cahoots with another thief,» says Garth Gasse, director of assets protection for the Retail Industry Leaders Association.

One of my financial goals for 2015 is to save up enough money so I can launch this system sometime this year.

The issue is so pressing in the wake of WannaCry that on May 17 the Securities and Exchange Commission issued a cybersecurity alert for broker - dealers, financial advisors and investment funds that stressed both the importance of undertaking penetration tests and vulnerability scans on critical systems and the necessity of upgrading systems on a timely basis.

Bitcoin is a digital currency that enables individuals to transfer value to each other and pay for goods and services outside of the regulated financial system.

One year earlier, in 1961, Clarke also published Dial F for Frankenstein, a short story of an interconnected telephone network that spontaneously acts like a newborn baby and leads to global chaos as it takes over financial, transportation, and military systems.

-- Barry L. Star, CEO of Wall Street Horizon, a provider of corporate event intelligence, and recipient of a U.S. patent for «Systems and Methods for Integrating Financial Transactions»

The good news is that Federal Reserve staff carefully monitors the financial system for exactly these kinds of vulnerabilities.

«The business of America» may be business but a new YouGov poll for the Legatum Institute shows that Americans aren't terribly fond of the financial system that is the backbone of our society.

In 2007, Cramer went on a fiery rant, blasting then - Fed Chair Ben Bernanke and central bankers for their lack of knowledge about the risk that the subprime mortgage market posed to the financial system.

TORONTO — The 2013 - 14 financial year was an unusually strong one for the Canada Pension Plan Investment Board, which earned a 16.5 per cent annual return on the billions of dollars in assets it manages for the national retirement system, but its CEO cautions that level of growth likely won't soon be repeated.

In fact, this kind of negotiated tax increase might be a far preferable outcome for the world's savers, investors and high - income earners than the increasingly likely alternative: persistent uncertainty over the global financial system or the consummation of that uncertainty in an asset - value - destroying economic downturn.

The Italian banking system has been a problem for the third - largest euro zone economy since the financial crisis due to the high level of bad loans across all institutions.

Free cash flow, a key metric of financial health, widened to negative $ 1 billion in the first quarter from negative $ 277 million in the fourth quarter, excluding costs of systems for its solar business.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

But how it happens still depends on Britain's own parliamentary system, how it manages relations with a resentful set of Europeans across the negotiating table — and how badly financial markets punish it for its gamble.

When Congress crafted the Dodd - Frank bill of 2010 to overhaul the financial system it had Wall Street in mind, not the thousands of small and medium banks that help Average Joes across America — and especially in rural areas — pay for a car, a house or a new investment for their local business.

But there are useful classes for financial professionals, especially newly promoted controllers, who might benefit from intensive exposure to state - of - the - art cash forecasting, budgeting, and financial - reporting systems (taught in Seminar 1206QGF, The Controller's Job in Today's Environment).

Hyperledger Fabric is one of three main blockchain - based systems vying to become the next - generation «operating system» for financial services.

Rob Brierley, chief financial officer of Phoenix Controls, a Newton, Mass., manufacturer of precision air - flow systems: Keep comprehensive records for at least 7 to 10 years.

Unregulated, and closed to investment from all but the very rich and very well connected, they're famous for their robust returns, but more infamous for their spectacular busts, their managers» extravagant new - gilded - age lifestyles, and their influence, real and imagined, on the workings of the financial system.

Before incorrectly blaming the Fed and the ECB for their allegedly ineffective monetary policies, investment strategists would do well to reflect on the depressive impact of an unreasonable haste to balance budgets, and on political leaders» inability to strengthen the financial systems (in the U.S. and in Europe) and to negotiate a better balanced world economy.

They want to unbundle a financial system grown «too interconnected to fail,» and they prescribe solutions for the global good in a world where the G20 outstrips the G8 (including an IMF reorganization to reflect that shift in the balance of power).

Many books have already been written about the structural problems which were the foundation for a near collapse of the global financial system.

In 2001, the Bank of Canada introduced the Financial System Review (FSR) as an outlet for its views on lenders and credit markets.

First, I want to emphasize for members of the House, and Canadians watching at home, that the Financial System Review Act is a mandatory and routine legislation.

As part of financial reform, President Obama tasked one consumer watchdog with «looking out for regular people in the financial system.»

The very idea of cryptocurrency was to get around traditional institutions — banks and governments that have been the financial gatekeepers for decades — and create an entirely new payment system.

The housing bubble in the United States, which triggered the financial crisis in 2008, had highlighted the danger of using the financial system to make up for the failures in social policies.

Cerner missed its own expectations for revenue in the first quarter as it took hits from a delayed Veterans Affairs Department EHR system contract and an unpredictable market.The VA electronic health record system contract has been sitting in limbo for months and will likely be delayed until the second half of the year, according to Cerner Chief Financial Officer Mark Naughten.

It highlighted the resilience of Canada's financial system, calling it a model for other countries.

Topics include but are not limited to municipal financial market developments, the use of quantitative measurement / technical analysis in the stock market, the outlook for the U.S. stock market and the world, the U.S. banking system, and the global economic outlook.

Blockchain — the technology used for verifying and recording transactions that's at the heart of Bitcoin — is seen as having the potential to reshape the global financial system and possibly other industries.

A second lens for evaluating the operational framework is the extent to which it avoids creating incentives that might result in undesirable changes in the structure of the financial system.