2 bank of america, national association 2018 public section b bac's resolution strategy and bana's receivership we believe that the single point of entry resolution strategy in our 165(d) plan is credible, and it is the preferred. Recovery planning should be complementary to, and linked with, existing contingency, strategic, and resolution planning efforts to ensure that the firm is prepared to recognize and respond to both financial and operational weakness. The federal reserve made the unusual request that bank of america offer a contingency plan, according to a report by the wall street journal, which cites people familiar with the situation. At bank of america, we believe that disaster planning is crucial to our success, and we have designated a full-time staff to contingency operations since 1983 we are committed to quality service and plan to be available to our customers in emergency situations.
Bank of america will operate on a sound financial basis of profitability that will lead to growth and survival we are the best financial service leader and we serve our customers and clients worldwide. The strategic plan 2010-2014 has been developed against the background of slow and variable economic growth and the persistence of unacceptable levels of poverty, indigence and inequality in many borrowing member countries (bmcs. About that strategic plan getting strategic planning on the level of people and processes and being familiar with the tools in place will get alignment and understanding among strategic planners, various units and geographies on how things currently operate.
The plan contemplates a resolution strategy in which bank of america's us banking subsidiaries, including bank of america, na and fia card services, na, under a hypothetical resolution scenario, would be placed into fdic receiverships. Although bank of america would be consolidating its legal entities for the european union in dublin, london would remain the lender's headquarters for europe, the middle east and africa dublin has been locked in competition with frankfurt, luxembourg and paris to lure financial firms making contingency plans. Bank of america, a, memer fic securities, strategic advisory, and other investment anking activities are performed gloally y investment anking afliates of bank of america corporation investment banking afliates, including, in the nited states, merrill lynch, ierce, fenner.
Bank of america corporation (bac) and its subsidiaries (collectively, the company, we, us, and our) provides the agencies with a comprehensive and credible resolution plan that. A contingency plan is your organization's plan b or worst case scenario plan also called a business continuity plan or disaster recovery plan , it creates an organized and coordinated set of steps to be taken if an emergency or disaster strikes. Setting performance standards in the control phase of your marketing plan, you must designate the standards you will use to measure your marketing effectiveness.
From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement. Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social responsibilityshow, in this section, the possible implications of the triple bottom line (people, planet, profit) on the strategic plan and its implementationprepare. Reducing the cost of document handling at bank of america 1 part a: overview of the strategy after reading this section, prepare responses for the following questions: 1 rate the alignment of the document handling sourcing strategy with the hoshin plan for bank of america's supply chain management, using the template in the handout. The four types of strategic control are premise control, implementation control, special alert control and strategic surveillance each one provides a different perspective and method of analysis to maximize the effectiveness of your business strategy.
The board and the fdic (together, the ``agencies'') are inviting comments on proposed guidance for the 2019 and subsequent resolution plan submissions by the eight largest, complex us banking organizations (``covered companies'' or ``firms''. At the research level, we did not encounter any research work that deals with the implementation of the bsc to measure the performance of banks in iraq, and to establish links between their strategic vision and performance objectives. Bank of america is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities if you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the applicants with disabilities page. The erm program also facilitated contingency planning exercises in advance of the implementation of a new enterprise resource planning system gould provided input at the board level in assessing the related project management risks, such as implementation readiness, cost and timing.