DOCSLIB.ORG

Vol. 83 Wednesday, No. 60 March 28, 2018 Pages 13183–13374

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Vol. 83 Wednesday, No. 60 March 28, 2018 Pages 13183–13374 Vol. 83 Wednesday, No. 60 March 28, 2018 Pages 13183–13374 OFFICE OF THE FEDERAL REGISTER VerDate Sep 11 2014 22:04 Mar 27, 2018 Jkt 244001 PO 00000 Frm 00001 Fmt 4710 Sfmt 4710 E:\FR\FM\28MRWS.LOC 28MRWS amozie on DSK30RV082PROD with FRONT MATTER WS II Federal Register / Vol. 83, No. 60 / Wednesday, March 28, 2018 The FEDERAL REGISTER (ISSN 0097–6326) is published daily, SUBSCRIPTIONS AND COPIES Monday through Friday, except official holidays, by the Office PUBLIC of the Federal Register, National Archives and Records Administration, Washington, DC 20408, under the Federal Register Subscriptions: Act (44 U.S.C. Ch. 15) and the regulations of the Administrative Paper or fiche 202–512–1800 Committee of the Federal Register (1 CFR Ch. I). The Assistance with public subscriptions 202–512–1806 Superintendent of Documents, U.S. Government Publishing Office, Washington, DC 20402 is the exclusive distributor of the official General online information 202–512–1530; 1–888–293–6498 edition. Periodicals postage is paid at Washington, DC. Single copies/back copies: The FEDERAL REGISTER provides a uniform system for making Paper or fiche 202–512–1800 available to the public regulations and legal notices issued by Assistance with public single copies 1–866–512–1800 Federal agencies. These include Presidential proclamations and (Toll-Free) Executive Orders, Federal agency documents having general FEDERAL AGENCIES applicability and legal effect, documents required to be published Subscriptions: by act of Congress, and other Federal agency documents of public interest. Assistance with Federal agency subscriptions: Documents are on file for public inspection in the Office of the Email [email protected] Federal Register the day before they are published, unless the Phone 202–741–6000 issuing agency requests earlier filing. For a list of documents currently on file for public inspection, see www.ofr.gov. The seal of the National Archives and Records Administration authenticates the Federal Register as the official serial publication established under the Federal Register Act. Under 44 U.S.C. 1507, the contents of the Federal Register shall be judicially noticed. The Federal Register is published in paper and on 24x microfiche. It is also available online at no charge at www.fdsys.gov, a service of the U.S. Government Publishing Office. The online edition of the Federal Register is issued under the authority of the Administrative Committee of the Federal Register as the official legal equivalent of the paper and microfiche editions (44 U.S.C. 4101 and 1 CFR 5.10). It is updated by 6:00 a.m. each day the Federal Register is published and includes both text and graphics from Volume 59, 1 (January 2, 1994) forward. For more information, contact the GPO Customer Contact Center, U.S. Government Publishing Office. Phone 202-512-1800 or 866-512- 1800 (toll free). E-mail, gpocusthelp.com. The annual subscription price for the Federal Register paper edition is $749 plus postage, or $808, plus postage, for a combined Federal Register, Federal Register Index and List of CFR Sections Affected (LSA) subscription; the microfiche edition of the Federal Register including the Federal Register Index and LSA is $165, plus postage. Six month subscriptions are available for one-half the annual rate. The prevailing postal rates will be applied to orders according to the delivery method requested. The price of a single copy of the daily Federal Register, including postage, is based on the number of pages: $11 for an issue containing less than 200 pages; $22 for an issue containing 200 to 400 pages; and $33 for an issue containing more than 400 pages. Single issues of the microfiche edition may be purchased for $3 per copy, including postage. Remit check or money order, made payable to the Superintendent of Documents, or charge to your GPO Deposit Account, VISA, MasterCard, American Express, or Discover. Mail to: U.S. Government Publishing Office—New Orders, P.O. Box 979050, St. Louis, MO 63197-9000; or call toll free 1-866-512-1800, DC area 202-512-1800; or go to the U.S. Government Online Bookstore site, see bookstore.gpo.gov. There are no restrictions on the republication of material appearing in the Federal Register. How To Cite This Publication: Use the volume number and the page number. Example: 83 FR 12345. Postmaster: Send address changes to the Superintendent of Documents, Federal Register, U.S. Government Publishing Office, Washington, DC 20402, along with the entire mailing label from the last issue received. VerDate Sep 11 2014 22:04 Mar 27, 2018 Jkt 244001 PO 00000 Frm 00002 Fmt 4710 Sfmt 4710 E:\FR\FM\28MRWS.LOC 28MRWS amozie on DSK30RV082PROD with FRONT MATTER WS III Contents Federal Register Vol. 83, No. 60 Wednesday, March 28, 2018 Agriculture Department Environmental Management Site-Specific Advisory See Animal and Plant Health Inspection Service Board, Oak Ridge, 13270 See Forest Service See Rural Utilities Service Energy Information Administration NOTICES Animal and Plant Health Inspection Service Agency Information Collection Activities; Proposals, NOTICES Submissions, and Approvals, 13271–13272 Determinations: Fever Tick Status of the State of Chihuahua, Excluding Environmental Protection Agency the Municipalities of Guadalupe y Calvo and RULES Morelos, 13222 Air Quality State Implementation Plans; Approvals and Promulgations: Centers for Medicare & Medicaid Services California; Navajo Nation; Salt River Pima-Maricopa NOTICES Indian Community; Correcting Amendments, 13190– Agency Information Collection Activities; Proposals, 13192 Submissions, and Approvals, 13281 Illinois; Redesignation of the Chicago and Granite City Areas to Attainment of the 2008 Lead Standard, Coast Guard 13198–13203 RULES Maryland; Reasonably Available Control Technology for Safety Zones: Cement Kilns, Revisions to Portland Cement Lower Mississippi River, Port Gibson, MS, 13185–13187 Manufacturing Plant and Natural Gas Compression Pensacola Bay, Pensacola, FL, 13187–13190 Station Regulations, and Removal of Nitrogen Oxides NOTICES Reduction and Trading Program Replaced by Other Requests for Nominations: Programs and Regulations, 13192–13196 Great Lakes Pilotage Advisory Committee, 13291 Montana; Revisions to East Helena Lead State Implementation Plan, 13196–13198 Commerce Department See International Trade Administration Export-Import Bank See National Oceanic and Atmospheric Administration NOTICES NOTICES Agency Information Collection Activities; Proposals, Agency Information Collection Activities; Proposals, Submissions, and Approvals, 13277 Submissions, and Approvals, 13226–13228 Federal Aviation Administration Corporation for National and Community Service NOTICES NOTICES Agency Information Collection Activities; Proposals, Agency Information Collection Activities; Proposals, Submissions, and Approvals: Submissions, and Approvals: Commercial Space Transportation Licensing Regulations, Application Package for Segal AmeriCorps Education 13340 Award Commitment Form, 13258–13259 Commercial Space Transportation Reusable Launch Vehicle and Reentry Licensing Regulation, 13338 Defense Department Entry Point Filing Form—International Registry, 13340– NOTICES 13341 Agency Information Collection Activities; Proposals, License Requirements for Operation of a Launch Site, Submissions, and Approvals, 13259 13339–13340 Arms Sales, 13259–13262 Maintenance, Preventive Maintenance, Rebuilding, and Alteration, 13339 Education Department Categorical Exclusions and Records of Decision: NOTICES Proposed West Flow Area Navigation Standard Free Application for Federal Student Aid: Instrument Departure Procedures at Phoenix Sky Information to be Verified for the 2019–2020 Award Year, Harbor International Airport, 13338–13339 13266–13269 Privacy Act; System of Records, 13263–13266 Federal Communications Commission NOTICES Energy Department Agency Information Collection Activities; Proposals, See Energy Information Administration Submissions, and Approvals, 13277–13279 See Federal Energy Regulatory Commission NOTICES Federal Energy Regulatory Commission Meetings: NOTICES Biological and Environmental Research Advisory Agency Information Collection Activities; Proposals, Committee, 13269–13270 Submissions, and Approvals, 13275–13277 Environmental Management Site-Specific Advisory Applications: Board, Northern New Mexico, 13270–13271 Florida Southeast Connection, LLC, 13274 VerDate Sep<11>2014 22:17 Mar 27, 2018 Jkt 244001 PO 00000 Frm 00001 Fmt 4748 Sfmt 4748 E:\FR\FM\28MRCN.SGM 28MRCN daltland on DSKBBV9HB2PROD with FRONT MATTER CN IV Federal Register / Vol. 83, No. 60 / Wednesday, March 28, 2018 / Contents Xcel Energy Services Inc., 13275 See Food and Drug Administration Filings: See Substance Abuse and Mental Health Services City of Dover, DE, 13275 Administration Edison Electric Institute, 13272 Hydroelectric Applications: Homeland Security Department Appalachian Power Co., 13273–13274 See Coast Guard City of Lewiston, ME, 13272–13273 Indian Affairs Bureau Federal Maritime Commission NOTICES NOTICES HEARTH Act Approvals: Agreements Filed, 13279–13280 Apache Tribe of Oklahoma Indian Lands Leasing Act of 2017 Regulations, 13295–13297 Federal Reserve System Business Leasing Regulations, 13292–13295 NOTICES Cheyenne and Arapaho Tribes’ Business Site Leasing Formations of, Acquisitions by, and Mergers of Bank Regulations, 13298–13299 Holding Companies, 13280 Coquille Indian Tribe Ordinance, 13299–13300 Kootenai Tribe of Idaho’s Regulations, 13297–13298 Fish and Wildlife Service Little
Load more

Recommended publications
  • The Complete Idiot's Guide to Starting an Ebay Business, Second Edition
    Starting an eBay Business Second Edition by Barbara Weltman and Malcolm Katt A member of Penguin Group (USA) Inc. Starting an eBay Business Second Edition by Barbara Weltman and Malcolm Katt A member of Penguin Group (USA) Inc. This book is dedicated to all the eBay sellers, present and future, who prove that the entrepreneurial spirit is indomitable. ALPHA BOOKS Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, USA Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario M4P 2Y3, Canada (a division of Pearson Penguin Canada Inc.) Penguin Books Ltd, 80 Strand, London WC2R 0RL, England Penguin Ireland, 25 St. Stephen’s Green, Dublin 2, Ireland (a division of Penguin Books Ltd.) Penguin Group (Australia), 250 Camberwell Road, Camberwell, Victoria 3124, Australia (a division of Pearson Australia Group Pty. Ltd.) Penguin Books India Pvt. Ltd., 11 Community Centre, Panchsheel Park, New Delhi—110 017, India Penguin Group (NZ), 67 Apollo Drive, Rosedale, North Shore, Auckland 1311, New Zealand (a division of Pearson New Zealand Ltd.) Penguin Books (South Africa) (Pty.) Ltd, 24 Sturdee Avenue, Rosebank, Johannesburg 2196, South Africa Penguin Books Ltd., Registered Offices: 80 Strand, London WC2R 0RL, England Copyright © 2008 by Barbara Weltman and Malcolm Katt All rights reserved. No part of this book shall be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the pub- lisher. No patent liability is assumed with respect to the use of the information contained herein. Although every precaution has been taken in the preparation of this book, the publisher and authors assume no responsibility for errors or omissions.
    [Show full text]
  • Justin Bio Handout 2020-01-21
    Justin S. Weddle Founder 212-997-5518 [email protected] Justin Weddle is a skilled trial lawyer, litigation strategist, counselor, and Education appellate advocate. When the stakes are high, clients rely on his tenacity Columbia University School of Law, J.D. 1995 Managing Editor, Columbia Law Review and incisive analysis for tailor-made strategies and solutions in both Kent Scholar, Stone Scholar domestic and cross-border criminal, civil, and regulatory matters. As a Haverford College, B.A. 1992 result, Justin Weddle is a regular participant in the highest-profile Bar Admissions investigations, trials, and appeals, such as: New York Massachusetts LIBOR criminal cases U.S. District Courts: Southern District of New York, Eastern District of New York, and The FIFA corruption case District of Massachusetts U.S. Courts of Appeals: First, Second, Third, Circuit Court cases on SEC disgorgement and ALJ appointment issues Tenth, Eleventh, and D.C. Circuits U.S. Supreme Court U.S. investigation and litigation relating to Brazil’s Lava Jato Recognitions investigation Recognized by Super Lawyers as a Top Rated The Supreme Court Lucia decision rejecting the SEC’s ALJs as White Collar Crimes Attorney in New York, NY, since 2017 unconstitutional Listed in Who’s Who Legal, Business Crime Defense for both Corporates and The KPMG-PCAOB leaks criminal jury trial in the Southern District of Individuals New York Professional Activities Justin prosecuted white collar crime for more than 12 years as an Assistant Chair of the Appeals Subcommittee NYC Bar Association Federal Courts United States Attorney in the Southern District of New York, building and Committee trying complex fraud cases.
    [Show full text]
  • 7Th Annual Risk Americas Convention - 2018
    7th Annual Risk Americas Convention - 2018 Fraud, Cybercrime and Reputation Risk – What Organizations Can Do About It Dalit Stern, CPA, CFE Senior Director Enterprise Fraud Risk Management, TIAA New York - May 17, 2018 Agenda The intertwined landscape of fraud and cyber A vibrant marketplace changes the face of fraud Sophistication of social engineering techniques Customers Corporations The impact of cyber risk on fraud and reputation risks what to do about it Q&A 2 Disclaimer The views expressed in this presentation and in today’s discussion are the views of the speaker and do not necessarily reflect the views or policies of TIAA. Examples, charts and metrics are purely for illustrational purposes, and may have been modified or simplified in order to clarify a point. Neither the speaker, nor TIAA, accept responsibility for any consequence of the use of any part of the framework presented herein. 3 The Intertwined Landscape of Fraud and Cyber Assessing the risk of fraud in financial institutions: • Financial institutions continue to be subject to fraud: • In person • Remote fraud (online, interactive voice response (IVR) , paper ) • Consistent trends of money out and account maintenance fraud enabled by cyber incidents • Cyberattacks are becoming a more prominent fraud threat - designed to target: • Customer assets • Financial institution assets • Certain subsectors are more prone to cyber fraud but most see increased activity (e.g., banking, brokerage, retirement 4 insurance, investments) The Intertwined Landscape of Fraud and
    [Show full text]
  • 03-YU-Contemporary-I
    Page 1 IN THE REGULAR DIVISION OF THE OREGON TAX COURT (Property Tax) ) YU CONTEMPORARY, INC. ) ) Plaintiff, ) ) vs. ) ) DEPARTMENT OF REVENUE, STATE OF ) OREGON, ) ) Defendants, ) CASE NO. TC 5245 ) and ) ) MULTNOMAH COUNTY ASSESSOR, ) ) Intervenor. ) _________________________________________________________________ VERBATIM REPORT OF PROCEEDINGS _________________________________________________________________ April 5, 2016 Before the HONORABLE HENRY C. BREITHAUPT TRANSCRIBED BY: Kaedra Ray Wakenshaw, CCR, RPR, CRR CCR No. 1900 Page 2 1 A P P E A R A N C E S 2 FOR THE PLAINTIFF: 3 Jeffrey G. Bradford 4 Tonkon Torp L.L.P. 1600 Pioneer Tower 5 888 SW Fifth Avenue Portland, Oregon 97204 6 Michael J. Millender 7 Tonkon Torp L.L.P. 1600 Pioneer Tower 8 888 SW Fifth Avenue Portland, Oregon 97204 9 10 FOR THE DEFENDANT: 11 Daniel Paul Assistant Attorney General 12 Department of Justice 1162 Court Street NE 13 Salem, Oregon 97301 14 FOR THE INTERVENOR: 15 Carlos Rasch 16 Assistant County Counsel Multnomah County Attorney's Office 17 501 SE Hawthorne Boulevard Suite 500 18 Portland, Oregon 97214 19 20 21 22 23 24 25 Page 3 1 T A B L E O F C O N T E N T S 2 3 PROCEEDINGS PAGE 4 Opening Statement (Plaintiff)........................ 10 Opening Statement (Defense).......................... 20 5 6 TESTIMONY PAGE 7 JENNIFER L. MARTIN 8 Direct Examination..............................32 Cross-Examination...............................106 9 Redirect Examination............................152 Recross-Examination.............................160 10 AARON F. JAMISON 11 Direct Examination..............................162 Cross-Examination...............................203 12 Redirect Examination............................217 13 BELINDA M. DEGLOW Direct Examination..............................221 14 Cross-Examination...............................249 15 KARLA HARTENBERGER Direct Examination..............................263 16 JENNIFER L.
    [Show full text]
  • “Mismarking”: Developments in Valuation Fraud by Telemachus P
    Business Crimes Bulletin ® Volume 27, Number 2 • October 2019 “Mismarking”: Developments In Valuation Fraud By Telemachus P. Kasulis marking a fund’s books. And as the providing support for their pre- DOJ expands its mismarking inqui- ferred valuation. For example, a One of the central business func- ries beyond stocks and bonds and quote from an outside broker that tions performed by an investment into areas like private equity, these it would buy or sell the bond at a fund is the valuation of its posi- cases also illuminate the increasing given price would suffice. tions. Knowing how much its in- need for robust internal controls Lumiere and others at Visium vestments are worth allows a fund designed to eliminate the incen- abused this system. Motivated to to redeem investors at accurate lev- tives for an employee or manager overvalue their positions to increase els, demonstrate performance to to overvalue assets. profits, they obtained inflated price prospective investors, and charge quotes from corrupt brokers eager LUMIERE: “OVERRIDING” THE an appropriate amount in fees. And to handle transaction flow for a sig- while some positions can be easy to PRICING SERVICES AND THE nificant fund like Visium. Prosecu- value — one need look no further MOTIVES TO MISMARK tors in the Southern District of New than Bloomberg or the Wall Street From 2011 through 2013, Stefan York showed at Lumiere’s 2017 trial Journal to know the going rate for, Lumiere worked at hedge fund Vi- that the brokers frequently did no say, Apple stock — more exotic or sium Asset Management, which at research on the bonds in question illiquid holdings can present a chal- its peak had a net asset value of and simply parroted back the price lenge for even the most conscien- approximately $8 billion.
    [Show full text]
  • Caught in the Act: How Hedge Funds Manipulate Their Equity Positions
    Caught in the Act: How Hedge Funds Manipulate their Equity Positions Gjergji Cici, Alexander Kempf, and Alexander Puetz* First Draft: August 2010 This Draft: August 2011 AFA 2012 Chicago Meetings Paper CFR Working Paper No. 10-15 ABSTRACT Using 13F position valuations, we show that hedge fund advisors intentionally mismark their stock positions. We document manipulation even after eliminating issues inherent in the pricing of illiquid securities. The documented mismarking is related to hedge fund incentives. Mismarking is more pronounced for advisors that self-report to commercial hedge fund databases and increases after advisors start reporting. Significantly stronger mismarking is also documented among advisors that report more frequently to their current investors and are domiciled in offshore locations. Our analysis shows that advisors employ mismarking strategically to smooth their reported returns and push otherwise small negative returns above zero. JEL classifications: G23, G28 Keywords: Hedge Funds, Fair Value, Return Smoothing, Valuation Manipulation, Fraud * Cici is from Mason School of Business, The College of William & Mary. Email: [email protected]. Cici is also a Research Fellow at the Centre for Financial Research (CFR), University of Cologne. Kempf is from Department of Finance and Centre for Financial Research (CFR), University of Cologne. Email: [email protected]. Puetz is from Department of Finance and Centre for Financial Research (CFR), University of Cologne. Email: [email protected]. The authors thank Luis Palacios and Rabih Moussawi from Wharton Research Data Services for providing them with the 13F positions valuation data. The authors thank Vikas Agarwal, Scott Gibson, Jim Hodge of Permal Asset Management, John Merrick, Harvey Westbrook, and Marco Rossi for their helpful comments.
    [Show full text]
  • Financial Industry Regulatory Authority Office of Hearing Officers
    FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Disciplinary Proceeding Complainant, No. 2017052701101 v. Hearing Officer–LOM JAMES W. FLOWER EXTENDED HEARING (CRD No. 2817701), PANEL DECISION Respondent. May 27, 2021 Respondent, James W. Flower, excessively traded in five customer accounts in violation of FINRA rules regarding quantitative unsuitability. Respondent’s misconduct rose to the level of churning because he traded for his own benefit, in reckless disregard of his customers’ interests, while exercising de facto control of the accounts. In so doing, he acted in willful violation of federal securities laws. For the excessive trading and churning alleged in the First and Second Causes of Action, Respondent is barred from associating with any FINRA member in any capacity and ordered to pay restitution plus prejudgment interest. Separately, Respondent effected 17 unauthorized trades in one customer’s account in violation of FINRA Rule 2010. For the unauthorized trading alleged in the Third Cause of Action, Respondent is barred from associating with any FINRA member in any capacity and ordered to pay restitution plus prejudgment interest. Finally, Respondent mismarked 58 transactions in various accounts as unsolicited, when they were in fact solicited. This misconduct caused his firm’s books and records to be false and inaccurate in violation of FINRA rules. For this misconduct, alleged in the Fourth Cause of Action, Respondent is barred from associating with any FINRA member in any capacity. Appearances For the Complainant: Robert Kennedy, Esq., Michael Perkins, Esq., Adam Balin, Esq., Matthew Minerva, Esq., and Kay Lackey, Esq., Department of Enforcement, Financial Industry Regulatory Authority For the Respondent: James Flower, pro se DECISION I.
    [Show full text]
  • Independent Fund Administrators As a Solution for Hedge Fund Fraud
    Fordham Journal of Corporate & Financial Law Volume 15 Issue 1 Article 8 2010 Independent Fund Administrators As A Solution for Hedge Fund Fraud Kent Oz Follow this and additional works at: https://ir.lawnet.fordham.edu/jcfl Recommended Citation Kent Oz, Independent Fund Administrators As A Solution for Hedge Fund Fraud, 15 Fordham J. Corp. & Fin. L. 329 (2009). Available at: https://ir.lawnet.fordham.edu/jcfl/vol15/iss1/8 This Note is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Journal of Corporate & Financial Law by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. Independent Fund Administrators As A Solution for Hedge Fund Fraud Cover Page Footnote J.D. Candidate 2010, Fordham University School of Law; M.B.A., Wharton School of Business, 1995; M.S., Rensselaer Polytechnic Institute, 1993; B.S. United States Merchant Marine Academy, 1985. Derivatives structurer and marketer (1995 - 2008). I would like to thank Professor Squire for guiding me through the writing process and helping me consider alternatives to my arguments. I would also like to thank and acknowledge Professor James Jalil, Scott Dubowsky Esq., Steve Nelson Esq., Ric Fouad Esq., and John Liu Ph.D for listening to my ideas and offering their comments and insights. This note is available in Fordham Journal of Corporate & Financial Law: https://ir.lawnet.fordham.edu/jcfl/vol15/iss1/ 8 INDEPENDENT FUND ADMINISTRATORS AS A SOLUTION FOR HEDGE FUND FRAUD Kent Oz* INTRODUCTION There is approximately $1.33 trillion invested in hedge funds worldwide.' Most of this money is invested in legitimate hedge funds,2 * J.D.
    [Show full text]
  • Financial Stability Report 2015
    OFFICE OF FINANCIAL RESEARCH Financial Stability Report 2015 Table of Contents 1 Executive Summary ..................................................................... 1 2 Assessing and Monitoring Threats to Financial Stability ............. 7 2.1 Assessment of Threats to U.S. Financial Stability ........................................................7 2.2 Focus on Selected Risks ..............................................................................................10 The Potential Role of ETFs in Generating and Propagating Liquidity Stress .............17 Data Deficiencies in Assessing Cyber Threats to Financial Stability ......................... 30 2.3 Financial Stability Monitoring: Progress and Challenges ...........................................32 Leverage, Borrowing, and Derivatives Activities of the 50 Largest Hedge Funds .....37 3 Evaluating Financial Stability Policies ........................................ 41 3.1 Micro- and Macroprudential Policy ............................................................................41 Possible Bank Responses to Binding Regulatory Ratios ............................................ 44 3.2 Addressing Risks in Systemically Important Financial Institutions..............................47 Categories of Systemic Importance for Banks ............................................................47 Rating Agencies Consider Expectation of Extraordinary Support in Rating Some Large Banks .......................................................................................................49
    [Show full text]
  • ORION) Policy Document
    Operational Risk Integrated Online Network (ORION) Policy Document Applicable to: 1. Licensed banks 2. Licensed Investment banks 3. Licensed Islamic banks 4. Licensed International Islamic banks 5. Licensed insurers 6. Licensed takaful operators 7. Licensed international takaful operators 8. Prescribed development financial institutions 9. Approved issuers of a designated payment instrument 10. Approved issuers of a designated Islamic payment instrument Issued on: 25 February 2021 Page 2 of 94 TABLE OF CONTENTS PART A: OVERVIEW ...................................................................................... 4 1. Introduction ............................................................................................... 4 2. Applicability ............................................................................................... 4 3. Legal provisions ........................................................................................ 4 4. Effective date ............................................................................................ 4 5. Interpretation ............................................................................................. 4 6. Policy document superseded..................................................................... 6 7. Enquiries and correspondence .................................................................. 7 PART B: POLICY REQUIREMENTS .............................................................. 8 8. Overview of the responsibilities of reporting entities .................................
    [Show full text]
  • A Non-Linear Analysis of Operational Risk and Operational Risk Management in Banking Industry
    University of Wollongong Research Online University of Wollongong Thesis Collection 2017+ University of Wollongong Thesis Collections 2017 A non-linear analysis of operational risk and operational risk management in banking industry Yifei Li University of Wollongong Follow this and additional works at: https://ro.uow.edu.au/theses1 University of Wollongong Copyright Warning You may print or download ONE copy of this document for the purpose of your own research or study. The University does not authorise you to copy, communicate or otherwise make available electronically to any other person any copyright material contained on this site. You are reminded of the following: This work is copyright. Apart from any use permitted under the Copyright Act 1968, no part of this work may be reproduced by any process, nor may any other exclusive right be exercised, without the permission of the author. Copyright owners are entitled to take legal action against persons who infringe their copyright. A reproduction of material that is protected by copyright may be a copyright infringement. A court may impose penalties and award damages in relation to offences and infringements relating to copyright material. Higher penalties may apply, and higher damages may be awarded, for offences and infringements involving the conversion of material into digital or electronic form. Unless otherwise indicated, the views expressed in this thesis are those of the author and do not necessarily represent the views of the University of Wollongong. Recommended Citation Li, Yifei, A non-linear analysis of operational risk and operational risk management in banking industry, Doctor of Philosophy thesis, School of Accounting, Economics and Finance, University of Wollongong, 2017.
    [Show full text]
  • Joey.Burby.Pdf
    R. Joseph Burby, IV Partner 404.881.7670 [email protected] Atlanta | One Atlantic Center, 1201 West Peachtree Street, Suite 4900 | Atlanta, GA 30309-3424 Drawing on his over 20 years of experience as both a prosecutor and defense attorney, Joey Burby represents corporate and individual clients in criminal and civil investigations by the Department of Justice as well as regulatory investigations and enforcement actions by the SEC and other federal and state agencies. He has significant experience handling matters involving securities fraud, insider trading, health care fraud, the False Claims Act, antitrust violations, bribery, the Foreign Corrupt Practices Act, money laundering, tax fraud, and environmental violations. He has served as lead counsel in over 30 jury trials, including, most recently, a federal case in which the jury acquitted his client of all crimes charged in the indictment. Joey also conducts internal investigations on behalf of public and private organizations and their boards, counseling them on remedial actions and disclosure decisions. Joey previously served as an assistant U.S. attorney in the U.S. Attorney’s Office for the Northern District of Georgia, focusing primarily on fraud and public corruption. He tried numerous cases, including the first criminal securities fraud trial in Georgia and a capital murder case in which the jury returned a death sentence. He was also a member of the team that prosecuted Centennial Olympic Park bomber Eric Rudolph, for which he received The John Marshall Award, the Justice Department’s highest honor. Representative Experience Engaged by the Florida Board of Governors to lead an independent investigation into the University of Central Florida’s improper use of restricted state funds for capital projects.
    [Show full text]