Portfolio risk analysis and performance attribution system ( 875,000)

(b) Reviewing risk management and the internal control system

Working in conjunction with risk management software, the sensor system was reducing the risk of potential environmental contamination from hydrocarbon spillage.

A system that socializes losses and privatizes gains is doomed to mismanage risk.

This system rewards managers for taking risks, even when the risk is excessive.

This task force has proposed the International Neuroblastoma Risk Group (INRG) classification system.

We reaffirm the vital role of the United Nations system in disaster risk reduction.

People sometimes talk about systemic risk as if it were intrinsic to the financial system.

It led directly to the spread of financial risk management models, which, by excluding the possibility of default, grossly underestimated the amount of risk in the system.

Forecasting models, based on normal distributions of risk over short slices of recent time, are notoriously incapable of capturing the real amount of risk in a political system.

The authorities aided and abetted the process by intervening whenever the global financial system was at risk.

What resulted was a wonderful system for diversifying individual bank risk, but only by magnifying the default risk of all banks that held what came to be called toxic debt.

Even if the risk to the financial system was minimal, the impact on banks and bondholders was substantial.

A bloated and dysfunctional financial system had misallocated capital and, rather than managing risk, had actually created it.

The new risk stratification will be based on the new INRGSS staging system, age (dichotomized at 18 months), tumor grade, N myc amplification, unbalanced 11q aberration, and ploidy into four pre treatment risk groups very low, low, intermediate, and high risk.

A high value inter bank funds transfer system settles transactions in real time, eliminates credit risk between system participants, increases circulation of funds, and enhances monetary policy implementation.

Large financial intermediaries endanger the entire financial system when they use the wrong risk model and make bad decisions.

But the system rests on the assumption that the government will set accurate benchmark interest rates for risk free assets.

An effective and non discriminatory safeguards system could eliminate the risk of diversion of nuclear materials intended for peaceful use.

Quite simply, a system in which the media behave this way places not only the economy, but also democracy, at risk.

The third response is to reduce sovereign risk by establishing a system of surveillance and mutual guarantees between the eurozone countries.

(m) Review the United Nations system of internal control, including financial, operational, compliance controls and evaluate the effectiveness of risk management

Some members said that there was also a risk that during the transition period, the whole system might come to a standstill.

India set up its national disaster management authority to strengthen the national and institutional legislative system to deal with disaster risk reduction.

Additionally, the Communications Security Establishment is the information technology security technical authority responsible for developing operational standards for system certification and accreditation, risk and vulnerability analysis, product evaluation, system security and network security analysis.

The global banking system and economy was thus vulnerable to the mistakes of the three main rating agencies and their flawed risk models.

Canada s large banking system distributed risk more widely, and fared better in episodes of financial panic, whether in 1907 or in 1929 1933.

The system is slowly cracking, and Italian youth risk becoming the first generation in modern history that is worse off than its predecessors.

The system is integrated with pre trade and post trade capabilities which will reduce the operational risk exposure of the Investment Management Service.

Such a system would enable countries at risk to exchange information on disaster forecasts and to undertake a joint response to natural disasters.

Similarly, positioning the IMF as a general risk insurer by introducing precautionary credit lines above normal access limits would be compatible neither with its mission to provide financial assistance on deliberately non risk adjusted terms nor with the current system of refinancing short term Fund credit through risk free official reserves.

The Treasury bills would be assigned a zero risk rating by the authorities and treated as the highest quality collateral for repo operations at the ECB. The banking system has an urgent need for risk free liquid assets.

This data warehouse system, as the core of the infrastructure of the Investment Management System, would integrate with the other specialist investment applications which support risk and performance, compliance, trading, accounting and internal reporting functions.

The analysis should be made public and could influence perceptions of systemic risk and market behavior, thereby increasing self regulatory capacity of the system.

Breaking the central government s domination of China s financial resources will fundamentally change the system of implicit guarantees that is currently generating significant financial risk.

In financial markets, local optimization seems to lead to excessive leverage and other forms of risk taking that undermine the stability of the system.

In estimating political risk today, analysts must pay particular attention to the character of the political system. Does it allow for an orderly transition?

Public policies to subsidize US mortgage lending have been costly, inefficient, and have encouraged excessive risk taking, which helped push the system toward crisis.

The system will allow the Service to prepare, on a regular basis, comprehensive risk and performance analyses for senior management and the Investment Committee.

There was also a risk that, in the absence of a banking system, the traffickers would be the ones who controlled the country's trade.

The crisis spread because the banking system was not sufficiently risk averse and in some cases even seemed to relish risk. Mortgage banks kept some claims on their books, but sold most of them to investment banks as mortgage backed securities.

We are setting ourselves up, without question, for another boom based on excessive and reckless risk taking at the heart of the world s financial system.

The new orthodoxy places its faith in regulators ability to improve on banks measurement of risk, while leaving the structure of the banking system unchanged.

GDP risk is a long term risk.

At some point, Putin and Medvedev will have to decide. Either they give priority to the survival of the current system and accept Russia s steady marginalization, or they start opening up the system, putting its survival at risk.