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According to regulatory filings, the Royal Bank of Scotland failed to monitor the submissions of benchmark rates, and employees continued to report false rates even after authorities began to investigate the wrongdoing.
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WNYC is monitoring the submissions, and city officials are keeping an eye on it, too.
These include publicizing the contest; monitoring the electronic submission process; recruiting fellows and tenured/tenure-track scientists to sit on the study sections that judge the abstracts; presenting reports on FARE to the scientific directors; coordinating the award ceremony; and more.
With the administrators monitoring this submission process, we will be able to avoid deadlocks and make the data more accessible.
The site currently has no automated way to monitor user submissions to determine if recordings are copyrighted or previously uploaded, which means you'd be free to rip your favorite CD to your hard drive and upload it as if it were your own.
"Applicants need to avail themselves of all of the information possible, both in preparing applications for submission and in monitoring the process afterward," summarizes Fisher.
In 2011, the Royal Bank of Scotland told regulators in a letter that systems had been created to monitor Libor submissions.
In addition to monitoring the new literature, we also provide a signal submission form on our website for users to submit experimentally characterized sorting signals.
But who monitors the monitors?
Second, there was an inherent lack of control of the data because manpower was limited to monitor data submission.
The Financial Services Authority said staff did not have responsibility for monitoring Libor submissions, which were collected and published by a separate regulator, the British Banking Authority.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com