Objectives Of BNM

Provide support for managing finances in a way that promotes active participation and safeguards the individual.

Originally founded as the “National Socialist American Workers Freedom Movement” in 1974 by former members of the American Nazi Party, Robert Brannen and Cliff Herrington. When Jeff Schoep took over leadership in 1994 he changed the group’s name to The National Socialist Movement or “NSM”. The group’s headquarters is in Detroit, Michigan. They are affiliated with the “World Union of National Socialists”. The NSM promotes itself as a white civil rights organization and not a hate group, Ironically, they are well known for being anti-Semitic. They wore Nazi uniforms until 2007 after they voted to change to black military uniforms after years of ridicule. Their colors are red, white, and black.

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

The government regulation of the financial industry by the Dodd-Frank Act was the most compelling topic of this class. A financial regulatory process was created which limits risk through the enforcement of transparency and accountability. The main objective of the Dodd-Frank Act was to provide regulation to banks that was more stringent. The FSOC was created as a result of the Dodd-Frank Act. The two main objectives of the FSCO was to stop the occurrence of another recession and to resolve persistent issues. The elimination of bailouts funded by taxpayers was another important element of this act. The CFPB also known as the Consumer Financial Protection Bureau was created as a result of the act. The consolidation of consumer protection responsibilities

Government departments are instrumental to a flourishing and secure economy. They are in place to serve their constituents and ought to keep that in mind. The Federal Deposit Insurance Corporation (FDIC) fits this well and is in place to ensure that bank users are protected in instances of economic downturn and that their money is insured. In this way, regulation is extremely necessary to ensure a stable economy in instances of financial instability. To completely understand the FDIC, it is important to understand why and how it was created, its history, major responsibilities and who the leaders are.

The National Incident Management System (NIMS) brings many advantages to the all-hazard incident to streamline practices before, during and after an event. Comprised of five main components that strengthen its overall effectiveness in an all-hazards environment are preparedness, communications, resource management, command and management and the ongoing management and maintenance (Broder & Tucker, 2012). Furthermore, NIMS provides a standardized method that can be applied to all-hazards, regardless of their size and jurisdiction. First and foremost, NIMS provides a standardized approach that helps emergency responders work together to prevent and respond to events by utilizing the fore mentioned predetermined components. Each of these components contributes to the overall effort to mitigate or the response to a disaster.

1.Discuss how administrative agencies like the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) take action in order to be effective in preventing high-risk gambles in securities / banking, a foundation of the economy.

Firstly, the Dodd–Frank Act pushes forward the reformation of America's financial regulatory system. Several new regulatory authorities are set up to enhance the government supervision and administration of the industry. The Financial Stability Oversight Council is established to identify material risks to financial stability, with the support from Office of Financial Research. Moreover, Fed is entitled to exercise additional superintendence beyond banks.

The metaparadigm concepts within the NSM include human beings, environment, health, and nursing. First, is the human being which is looked at as, an open system that relates with both internal and external environment powers and stressors. However, the human is the one in constant alteration, moving in the direction of a vigorous state of system steadiness or toward illness of unpredictable levels. Second, is the environment which consist of all dynamics that affect and are affected by the systems. The internal environment occurs within the client system while the external environment happens outside the client system. Third, is the health which is the level of system stability and vary from wellness if system needs are met, to illness when system needs are not fulfilled. Death occurs if the energy required to support life is no longer

As a result, risk, compliance and audit programs at many banks may have to focus more attention on regulatory compliance when it comes to consumer protection rules and vendor information security requirements.

Discuss the challenges related to regulating a complex global financial firm and make suggestions for regulatory improvements.

Strengthen the auditing of future company payments and revise old ones to ensure accountability of all payments.

Development of an individual economy passes through different economic phases. Sometimes it is booming and sometimes it suffers from recession. This phenomenon can be viewed as projection of consumption and investment strategies of the individuals and the government of the country. Interest rate, being a major factor of economics, plays a great role in economic activities carried out by nation and the nationalities. A change in interest rates may affect other factors of the economy. For instance, investment strategies of the investors, consumption strategies of the individuals, foreign exchange, imports, exports etc. are affected by the interest rates. An increase in interest rates may decrease the investment, decrease the

The ruling party of Malaysia, Barisan Nasional has been in power since the country’s independence in 1957. This fact has provided Malaysia a high degree of stability and the confidence of foreign investors / businesses.

In terms acceleration of economic growth is based on the measurement of GDP, MALAYSIA HAS recorded a growth of 5.1% last year. Although it is lower than 7.2% in 2010, but it was so roaring in the context of a difficult global economic environment and uncertainty. In contrast, global economic growth has dropped from 5.2% in 2010 to 3.8% in 2011 while the economy of the developed countries like USA, Germany, UK, France and Japan also recorded weak growth of respectively 1.5%, 2.7%, 1.1 %, 1.7% and -0.5% in the same year; far lower than Malaysia's achievements. Following a satisfactory GDP growth was assisted by the Federal government revenue increased by RM13.2 billion in 2011 through increased collection of IRB estimate of RM109.7 billion compared with RM96.5 billion the government has managed to reduce its fiscal deficit to 5.0% compared projection of 5.4%. This means that the GOVERNMENT has successfully steered the nation's economy as well as the control and management of public funds wisely in the past 3 years in a row when managed to bring down the fiscal deficit from 7.0% in 2009 to 5.6% (2010) and 5.0% in the past year in a expanding economy.