Horses are not stressed about potentially receiving shocks from an electric fence, reports The Horse.
The last financial crisis, highlighted that leading institutions need to be better prepared to withstand a variety of shocks as well as having better defined plans on what to do in case things do go wrong — improving so-called resilience and resolvability.
In the UK, this will be achieved through 2 key pieces of legislation: Based on these, the following policy statements have been released: February — The implementation of ring-fencing: What institutions will this effect?
As noted by the Bank of England, ring-fenced banks are not currently in existence. RFTSs will play a crucial role for those banks undertaking ring-fencing activities for January In effect, it is an instrument under Part VII of the FSMA act providing for a process leading to a court order to facilitate transfers of business.
Using this mechanism will avoid the need to ask the consent of every individual bank customer. However, a Skilled Persons report will need to be compiled evidencing that no customers will be adversely affected.
Banks will be able to apply to the High Court to sanction the transfer of business operations from one entity to another. The process defined by the PRA can be found below: The SRB will be an additional buffer of equity capital, in addition to the capital requirements that Banks of systematic importance must have in place by The Table below outlines the proposed asset thresholds: Challenges The new regulations will pose many different challenges to firms and the industry.
Firm level challenges Firms subject to the ring-fencing rules will have to consider: As a result, banks that are over the threshold and thus subject to the rules will need to additionally consider: Overhaul of existing operating models: Particular emphasis will also be placed on governance and balance sheet structure.
A disadvantage to global peers: This may erode any competitive advantage of having a broad business model.
Industry wide challenges In addition, the ring-fencing rules will also create a significant industry wide concern during the lead up to and during early implementation around the potential for fraud. Where banks are moving accounts between entities, customer sort codes will change, and in some cases account numbers too.
There is therefore a significant potential for fraudsters to impersonate banks in emails to customers and divert or subvert payments. The PRA and FCA are working closely with the affected banks to ensure customer communications are thorough and well-communicated to minimise this risk.
However, it remains a significant concern that will need to be closely watched. Conclusion There is certainly much for the UK banks and the industry to think about in the lead up to January Firms will have to consider not only how to structure themselves but also the implications that will have for how they conduct their business in the long run.
Lloyds and RBS for example have indicated they could include some operational activities inside their ring-fenced units, stating that their other operations lack the scale to be systemically important.
More immediately, the industry and the regulator will need to consider how to minimise, if not eliminate the potential for customer fraud to occur over the next 2 years as the impact of the regulation on the public becomes increasingly visible.
What is beyond doubt is that structural reform is a key challenge for UK banks that will become more critical and visible as the deadline nears.background that this paper aims to fill this research gap by investigating the role of fencing on marginal productivity of labour, land and capital in ASAL regions of Kenya with the aim of offering possible policy prescriptions for increased farm productivity.
The aim of this study was to investigate the magnitudes of the transient axial impact shock experienced at the tibia between traditional fencing shoes and standard athletic footwear during the impact phase of the fencing lunge. It was determined that there were no noticeable difference in the horse's stress levels among the different fencing types or paddock size, and that electric fencing was a safe way to contain horses.
Case Study: Shock, Vibration & Impact Company Featured: Pitt River Quarries Concerns with impact and vibration on the machine were resulting in a variety of downtime problems, including the shearing of 1 ½” nuts and bolts, the crystallization of welds, and other related structural.
Therefore, the purpose of the study was to explore the effects of running on different surfaces on the characteristics of in-shoe plantar pressure and tibial acceleration.
Five surfaces were evaluated: concrete, synthetic track, grass, normal treadmill, and treadmill equipped with an ethylene vinyl acetate (EVA) cushioning underlay (treadmill_EVA). The purpose of this study was to investigate the effect of sports surface on the magnitude of impact shock experienced during a lunge movement.
Thirteen experienced, competitive fencers (age