...sound monetary and financial policies aimed at price stability and create an enabling environment for sustainable economic growth.” In maintaining a stable banking industry, the Bank of Ghana ensures that banks playing a part in the pursuit of its goals are well leveraged to withstand any unforeseen circumstances. One way the central bank does this is to ensure that banks have capital adequacy to a certain level through the regulation of the minimum capital requirement. The issue of the minimum capital requirement, its increases and implications has always been an issue of hot debates amongst economists, and even politicians. The minimum capital requirement is the minimum level of security below which the amount of financial resources should not fall (European Parliament legislative resolution of 22 April 2009 on the amended proposal for a directive of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance – recast). Currently, most countries base their regulation of minimum capital requirement on the Basel II accord developed by the Basel Committee on Banking Supervision, which is a set on international guidelines for banks’...
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...Coordinator. Sarah’s peer group at work was more educated, many of whom were educated doctors. Sarah graduated in May 2009 with an MBA degree in Health Care Management. Sarah paid for her tuition during the course of the MBA program, and during the 2009 taxable year, she paid $6,500 in educational expenses. ISSUE: Did Sarah May meet the minimum educational requirements necessary to deduct the educational expenses she incurred in 2009, and are these expenses supportive of her desire to maintain or improve current job skills by not qualifying her for a new trade or business? LAW: Under IRC §162(a) a taxpayer may deduct all ordinary and necessary expenses paid or incurred during the taxable year in carrying on a trade or business. Further guidance is provided under Treasury Regulation §1.162-5(a) for educational expenses in regards to a trade or business. Educational expenses are deductible if the education maintains or improves skills required by the individual in his or her employment. Educational expenses are also deductible under Treasury Regulation §1.162-5(a) if the education meets expressed requirements of the individual’s employer. The taxpayer may qualify to deduct the...
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...GM520 - Week 2 Homework 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points) Nebraska Department of Revenue – I own an operating farm in the state of Nebraska and this new bill hold potential tax saving. This will affect me by potentially reducing or refunding the sales and use tax liability on farm equipment. 2. Describe the proposal/change. (10 points) This bill will eliminate the application and imposition of sales and use tax on the “sale, lease, or rental of and the storage, use, or other consumption” of repair or replacement parts for agricultural machinery and equipment used in commercial farms. 3. Write the public comment which you would submit to this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment. (10 points) My comment is that the elimination of sales and use...
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...Week Two Homework Assignment 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Drop-box: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points) The administrative agency I have chosen is the Federal Motor Carrier Safety Administration (FMCSA) and the proposed regulation is “Qualification of Drivers; Exemption Applications; Vision”. Although the proposed regulation does not affect the business I work for directly, it does however affect all motorists including myself using state highway everyday to commute. I selected this agency because it deals with the safety of commercial motor vehicles (CMV) and truck drivers. Like myself, there are many people out there who are usually afraid when driving passing these commercial motor vehicles and often worry about its safety. The proposed regulation is the most current one for the administration hence the main reason why I selected it, but it also interest me because am very curious as to the safety of commercial motor...
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...Basic Institutional Review Board (IRB) Regulations and Review Process Content Authors Ada Sue Selwitz, M.A. The University of Kentucky Norma Epley, M.S. East Carolina University Janelle Erickson, MPH Institute for Systems Biology Introduction The purpose of this module is to provide a basic understanding of the human subject protection regulations that govern the participation of human volunteers in research in the United States. Learning Objectives By end of the module you should be able to: Describe the role, authority, and composition of the IRB. List the IRB requirements for conducting research involving human subjects. Describe the types of IRB review. Describe the process of working with the IRB. Identify other regulations and regulatory groups that require compliance based on the type of research being conducted. IRB Role, Authority, and Composition The Role of the IRB An Institutional Review Board (IRB) is a review committee established to help protect the rights and welfare of human research subjects. Regulations require IRB review and approval for research involving human subjects if it is funded or regulated by the federal government. Most research institutions, professional organizations, and scholarly journals apply the same requirements to all human research. Although federal regulations refer to IRBs, an institution may have chosen a different name for this committee. To clarify when IRB review is required, let's define some...
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...Introduction The purpose of this module is to provide a basic understanding of the human subject protection regulations that govern the participation of human volunteers in research in the United States. Learning Objectives By end of the module you should be able to: * Describe the role, authority, and composition of the IRB. * List the IRB requirements for conducting research involving human subjects. * Describe the types of IRB review. * Describe the process of working with the IRB. * Identify other regulations and regulatory groups that require compliance based on the type of research being conducted. IRB Role, Authority, and Composition The Role of the IRB An Institutional Review Board (IRB) is a review committee established to help protect the rights and welfare of human research subjects. Regulations require IRB review and approval for research involving human subjects if it is funded or regulated by the federal government. Most research institutions, professional organizations, and scholarly journals apply the same requirements to all human research. Although federal regulations refer to IRBs, an institution may have chosen a different name for this committee. To clarify when IRB review is required, let's define some terms: * Research: Federal regulations define research as: "a systematic investigation... designed to develop or contribute to generalizable knowledge." [45 CFR 46.102(d)] If an investigator is unclear about whether a planned...
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...Legal, Safety, and Regulatory Requirements Paper Leah Smith HCS/341 March 21, 2011 Norman Greene Legal, Safety, and Regulatory Requirements Paper The human resources department in every organization is responsible for ensuring that the organization follows all legal, safety, and regulatory requirements when dealing with the employees of the organization as well as with the clientele that the organization serves. Throughout the HR processes a main priority is the examination of the employment laws and the effects of how they are used. Divisions that house the employment laws such as the US Department of Labor (USDOL), the Equal Employment Opportunity Commission (EEOC), Department of Homeland Security (DHS), etc. are important divisions that all HR departments must maintain up-to-date information from to ensure that the processes are staying in line with the regulatory requirements such as the Americans for Disability Act of 1990 (ADA). All of these laws, acts, divisions, regulations, and requirements are what led to litigation between employees, clients served, and the organization. These types of litigations bring to mind whether or not common sense and compassion in the workplace has been reduced by this type of litigation. Effects of Legal, Safety, and Regulatory Requirements on HR Processes Laws, acts, and regulations have been placed for organizations to follow throughout history. These laws, referred to as HR laws are the main reason that...
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...Regulatory Health Issue: Affordable Care Act Regulations There are many, critical regulatory issues in healthcare that need to be addressed. “While the Supreme Court weighs the constitutionality of the Affordable Care Act, Congress is holding hearings on the federal regulatory process. The two topics are more closely related than you might think” (Ellig). The one that jumps out to me and needs addressed more in-depth is the regulation of the payments for healthcare. As well as, the actual regulatory process and how certain sections of the healthcare system are picked, need to be regulated. Not only is the regulation of this part of the healthcare system have many issues but in general choosing what to regulate and the actual process of research needs looked into. Regulating parts of the healthcare system is done to ensure that healthcare facilities, and businesses, laws, and acts are properly dealt out. There needs to be rules for laws, so that everyone is treated fairly and equally. The article explains that there was not enough research done to require new or improved regulatory requirements. The Affordable care act was put in place by President Barrack Obama to ensure that all Americans have the ability to purchase insurance for themselves and their families. It was put into play to see that it was affordable and did not discriminate against age, race, sex, and illness. Some of the regulations made were ensuring that insurance companies could not deny coverage to someone...
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...Q. 1. What were the major factors that led to the recent financial crisis? How did we get here? Answer: One of the primary factors that can be attributed as to have led the recent financial crisis is the financial deregulation allowing financial institutions a lot of freedom in the way they operated. The manifestation of this was seen in the form of: a) Financial innovations that were not backed up with adequate risk controls and management. b) Too much reliance on Quantitative Risk Management ultimately leading to mispricing of risk across different financial and non-financial investments that were the product of the financial innovations made feasible by financial deregulation. c) The influx of liquidity both original and fabricated that led to significant price appreciation particularly in the real estate sector creating real estate bubble. d) The ever increasing prices of assets allowed ever increasing capacity to borrow. e) The sub-prime mortgage market where it was allowed to originate loans of poor credit quality by one player and sell it to others in a mortgage pool. Hence creating an incentive problem where the one who originates poor quality credit did not bear the credit risk for it. f) All these led financial institutions to the fallacy of being “too big to fail”. g) The fallacy that every risk can be quantified and managed led financial institutions into the trap and they started to lend and finance in ways that were unique...
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...called a regulatory agency because Congress authorizes us to write regulations that explain the critical details necessary to implement environmental laws. In addition, a number of Presidential Executive Orders (EOs) play a central role in our activities http://www3.epa.gov/region9/enforcement/intro.html Under the Congressional Review Act (CRA), a rule generally cannot take effect until EPA submits a rule report to each House of Congress and to the Comptroller General of the United States (head of the U.S. Government Accountability Office). Rules that are not considered "major" under the CRA, may take effect as they otherwise would under other applicable law once a rule report is submitted. A rule that is "major" may take effect no earlier than 60 calendar days after Congress receives the rule report or the rule is published in the Federal Register (FR), whichever is later. The CRA also provides procedures by which Congress can rescind a rule within a specified period of time using expedited procedures. 2. Go to http://www.epa.gov/. Read the Community right-to-know regulation CFR 40 Section 370 and summarize subpart A-B-C and D. Subpart A General Information 370.1 What is the purpose of this part? 370.2 Who do “you,” “I,” and “your” refer to in this part? 370.3 Which section contains the definitions of the key words used in this part? This part (40 CFR part 370) establishes reporting requirements for providing the public with important information on the hazardous...
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...Introduction All internal audits carried out are carried out in compliance with Internal company standards and procedrues has been assessed by the National Safety Authority (Railway Safety Commission) as part of the submission for safety certification under Commission Regulation 1158/2010. Our internal audit processes meets the requirements of section S of the Common Safety Method Directive (CSM) by demonstrating that there is an auditing system that is • Independent • Impartial and transparent • Planned and revised dependant on results of previous audits • Procedures are in place for competent auditors • Management of recommendations and communications of findings to persons who have accountability to implement findings. This requirement is not dissimilar to the obligations imposed on UK railway undertakings under Schedule 1 (k) of the Railways and Other Guided Transport Systems (Safety) Regulations 2006 (ROGS). However from July 2013 the CSM for monitoring will require more defined processed for monitoring to enable effective management of safety in the railway The risk is that without audit structures which define the role, purpose and processes of auditing, the benefits of auditing and the potential outcomes of not carrying out diligent audits is not understood by the management team. This paper will attempt to clarify the role, purpose and processes involved in auditing its value to the organisation if carried out to appropriate and transparent standards. ...
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...Administration [Docket No. FDA-2009-N-0296] Agency Information Collection Activities; Proposed Collection; Comment Request; Food Labeling Regulations AGENCY: Food and Drug Administration, HHS. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Food and Drug Administration (FDA) is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act of 1995 (the PRA), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, and to allow 60 days for public comment in response to the notice. This notice solicits comments on the information collection provisions in FDA's food labeling regulations and on Form FDA 3570, ``Model Small Business Nutrition Labeling Exemption Notice,'' which...
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...1 Introduction Banking is an important institution in the economy and plays a very important role in the economic life and economic growth of any society. While it is of common understanding that banking is not “The Economy”, it is agreed that the health of the country’s economy is closely related to the soundness of its banking system which can be sustained through strict regulations and supervision in order to monitor and control business risks such as Capital Risks, Liquidity Risks, Credit Risks, Exchange Risks, Operational Risks, Market Risks and Legal Risks. Bank regulations and bank supervision are required to facilitate a ‘Systematic Risk Reduction’ approach thus reducing the risk of adverse trading conditions and to ensure that Financial Institutions satisfy at least the minimum ‘Prudential’ requirements in order to reduce the risk factor that creditors are exposed to. Lack in regulations and slack in supervision may lead to Financial Institutions risking bankruptcy thus exposing their clients of potentially losing their investments and financial assets while distressing the country’s economy. 2 What is the actual function of a bank within an economy? Banks' traditional role is primarily that of an intermediary for money, i.e. granting loans, processing payments, accepting deposits, carrying out investments, etc... Although banks do not create new wealth, through borrowing, lending and related activities they facilitate...
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...palgrave-journals.com/ces/ Survey Article The Effects of Bank Regulation on the Relationship Between Capital and Risk ALESSANDRA TANDA Department of Economics, Management and Quantitative Methods, Università degli Studi di Milano, Via Conservatorio, 7, Milan 20122, Italy. E-mail: alessandra.tanda@unimi.it Capital regulation acts as an external force in the determination of bank capital and risk levels. Changes in the regulatory framework can influence banks’ decisions. Starting from the debate of the prudential regulation after the financial crisis, this paper reviews the main empirical contributions on the role of capital regulation in the determination of banks’ capital ratios and risk exposure to evaluate bank behavior. Capital and risk decisions seem to be effectively influenced by regulation, although results may vary according to factors such as time period, country, and the type of capital analyzed. Comparative Economic Studies (2015) 57, 31–54. doi:10.1057/ces.2014.35; published online 22 January 2015 Keywords: bank regulation, capital, Basel, risk, literature review JEL Classification: G2 INTRODUCTION The latest financial crisis has highlighted how bank capital regulation is necessary for the stability of the financial system. But also, it appears that it is not sufficient to ensure that banks’ decisions, in terms of risk and capital, are consistent with the aims of regulation. Regulation acts as an external force in the capital optimization process...
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...1.State the administrative agency which controls the regulation. Consumer Product Safety Commission. Explain why this agency and your proposed regulation interests you: Because I am a grandmother and my granddaughter fell out of her bassinet at one time and had to get stiches. I have never been in favor of bassinet and when I raised my sons, always put them in a crib to nap or sleep. I feel bassinets are ok to put a baby in for short periods of time, nap time and then you should watch them the whole time period, but not for long periods of time. Will this proposed regulation affect you or the business in which you are working? It wouldn’t affect me directly but any future grandchildren I have and it would make me feel more secure in knowing there were better safety measures in place to ensure less fatalities and injuries 2. Describe the proposal/change. The proposal request several changes be put into place in the manufacturing of bassinets and/or cradles to make them safer. There are several proposals be request as list below: Updated warnings; Stability requirements; Performance requirements for fabric-sided products to address entrapment incidents; Performance requirements to limit the rocking/swinging angle to 20 degrees and the rest angle of certain rocking/swinging cradles to 5 degrees; Show citation box requirement to eliminate active restraints; Changes to scope and terminology; Performance requirements specifying a mattress flatness angle of 5 degrees to address...
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