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A sound risk assessment is therefore urgently needed for pharmaceuticals.
Instead, it should promulgate smart regulation so that banks maintain their sound risk management without pursuing non-competitive and non-inclusive business practices.
To what degree will such engagement further divert companies from their central job of high performance with sound risk management and high integrity?
"From a supervisory point of view we have to build the expertise and the standards to make sure that firms have sound risk management," he said.
Clearly defined protection goals specifying what to protect, where and when, are required for designing scientifically sound risk assessments and effective risk management of chemicals.
Understanding the capabilities and limitations of these techniques is crucial for making rational choices among imaging options based on sound risk and benefit considerations.
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In addition, solid consumer protection, as well as good governance and sound risk-management practices, can increase consumers' trust in the system.
"The Federal Reserve followed sound risk-management practices in administering all of these programs, incurred no credit losses on programs that have been wound down, and expects to incur no credit losses on the few remaining programs," the Fed said in a statement.
"The Federal Reserve followed sound risk-management practices in administering all of these programs, incurred no credit losses on programs that have been wound down, and expects to incur no credit losses on the few remaining programs," the central bank said in the statement last week.
At the same time, incomes may come under threat as lenders are forced to restrain their creativity and issue only conventional mortgages, and only to homebuyers who are sound risks.
This brief case study illustrates how the Singapore authority successfully achieved regulatory convergence by introducing sound risk-based approaches in its regulatory system through cooperation with selected international partners that it established Memorandums of Understanding (MOUs) and confidentiality agreements with.
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CEO of Professional Science Editing for Scientists @ prosciediting.com