Credit rating agencies should be regulated more strictly to prevent Essay

Credit rating agencies should be regulated more strictly to prevent conflict of interest, but also should allow more new credit agencies to have more objective opinions - Essay Example They have helped financial market fairly well giving out expert opinions to public investors. However, duDuring the financial crisis, three big credit rating agencies, S&P, Moody’s, and Fitch were condemned for precipitating the crisis giving high credit rate to CDOs, which were defaulted. Since then, ratings of the agencies became controversial and financial regulators have sought to ways to impose more regulations on those ratings. Few agencies dominating the rating industry, they are holding too much power in rating market. This settlement allowed only few rates in financial market. If situation keep remain in the rating industry, more financial crisis will happen in near future. Thus, to avoid another critical situation, it is necessary to regulate credit rating agencies more strictly, but also necessary to broaden the market allowing more participants. In the beginning of the industry, credit agencies’ rates had positive impact on financial markets. At that time, many people who didn’t have financial knowledge had difficulties in choosing where to invest their money. The companies who solved the problems were credit rating agencies. They were consisted of financial experts and analyzed companies and gave easily understandable â€Å"ABC† rates. According to them, high credit rating which was closer to â€Å"As† rates indicates that the borrower has a low probability of defaulting on debt, and conversely low credit rating indicates that the borrower has a high probability of defaulting. Investors could get helped in deciding the companies to invest relying on those rates. Essentially, what they have done is facilitating investments by giving easily understandable reliable sources to judge risk of investments. These rates have had a huge impact on financial markets. Since credit agencies have developed and settled in the financial industry, a lot of investors

In Hospitality Industry, Which International Skills, Knowledge, Essay

In Hospitality Industry, Which International Skills, Knowledge, Behavior And Experience Could be an Advantage In the Development of Future Career - Essay Example This paper stresses that relative to the nature of cross-cultural management, the best skills, knowledge, behavior and experience that could be advantageous in the development of future careers in hospitality revolve around understanding Cultural Intelligence (CQ). Based on Arora and Rohmetra’s (2010) explication CQ entails the ability to exploit the knowledge and skills across state, ethnic and culturally diverse workforces. The overall understanding of Cultural Intelligence principles gives management and leadership teams a selection of perceptions that could apply efficiently, in diverse environments through understanding and management of consumers, individual employees or groups. This report makes a conclusion that as a hospitality practitioner should be on understanding, particularly the cross-cultures and performance on the international platform. Misunderstanding does not occur among managers alone; it can be prevalent amongst employees or employee and customers. Generally, a greater part of hospitality is about service provision thus without communication and strong relationships, there are limited chances of success. Nonetheless, Cultural Intelligence proves to be effectual when managing cross-cultures. The divisions provide an easy breakdown and gives detailed approaches for the common situation. Using the four divisions as the core guideline will facilitate additional knowledge, skills, behavior and experience enhancing my overall performance and progression in the hospitality industry.

Teacher Competency Essay Example | Topics and Well Written Essays - 1250 words

Teacher Competency - Essay Example Students, meanwhile, also expect to be able to learn from the teacher. Some even think that teachers can make them smart, an expectation which can not be discounted. Although intelligence is primarily a result of a student’s diligence and genes perhaps, a teacher’s input is a major contributing factor. This is where teacher competency comes into the picture. For a teacher to be able to facilitate learning, he must be competent. Now what is competency? Competency is â€Å"the ability to perform a particular skill or to demonstrate a specified level of knowledge† (D. Sadker & M. Sadker, 2005, p. G-2). A competent teacher therefore is one who not only facilitates learning but does so in a specified, and shall we say exemplary, level. There are a lot of characteristics or qualities that make a competent teacher, all of which are related to the dimensions of one’s personality – intellectual, physical, social, ethical, and emotional (Zulueta, 2006). However, there is no standard which can be considered as the universal set of characteristics a teacher must have in order to be called competent; these qualities are dynamic in that what works for one teacher may not work for another, or what is effective for a student may not be as effective for another, or what applies now may not be applicable years from now. Lack of knowledge on a subject and inability to answer a question is such a horror to think of. Teachers fear it too. It must be understood that learning is a continuous process and no one, not even a teacher knows the answer to everything. Some students are ruthless; they like to test the extent of a teacher’s knowledge. Teachers must be prepared for such events. Although there may be times that he will not be able to answer a question without further research, these instances must be kept to a minimum. Looked up to as a fountain of knowledge, a teacher must therefore be a master at the subject