Harvard’s 368th Commencement set for May 30

first_imgSince 1642, when just nine students graduated, Harvard’s Commencement Exercises have brought together the community unlike any other tradition still observed in the University. Degree candidates with their family and friends, faculty, administrators who supported them, and alumni from around the world are anticipated to participate in Harvard’s 368th Commencement Exercises on May 30.To accommodate the increasing number of people planning to attend, carefully review the additional guidelines governing ticketing, regalia, security precautions, and other important details, which are available online.On Commencement morning, the Harvard gates will open at 6:45. A ticket is required to gain entry into Tercentenary Theatre, the site of the Morning Exercises.Commencement Day overviewThe Morning Exercises begin when the academic procession is seated in Tercentenary Theatre. Three student orators deliver addresses, and the dean of each School introduces the candidates for their respective degrees, which the president then confers. Toward the conclusion of the ceremony the graduating seniors are asked to rise, and the president confers their degrees on them as a group. Honorary degrees are then conferred before the Exercises are adjourned.Diploma-granting ceremonies and luncheons: Graduates and their guests return to their respective undergraduate Houses or graduate and professional Schools. Harvard and Radcliffe College alumni/ae who have celebrated their 50th Reunion are invited to join the Tree Spread luncheon, while all other alumni may pre-purchase tickets for boxed lunches at the Alumni Spread in Harvard Yard.The Afternoon Program features an address by Harvard President Lawrence S. Bacow and the Commencement speaker, German Chancellor Angela Merkel. Officially called the Annual Meeting of the Harvard Alumni Association (HAA), this program includes the Overseer and HAA director election results, presentations of the Harvard Medal, and remarks by the HAA president.For general information about Commencement, including event schedules, maps, accommodations for guests with disabilities, and more, visit the Harvard University Commencement Office website.last_img read more

Credit unions, community banks can pool resources to fight money laundering

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Federal regulators ruled Wednesday (October 3) that credit unions and community banks can pool resources for anti-money laundering compliance so that they can protect against financial crimes and at the same time keep their costs down.The Wall Street Journal, citing a statement from the Federal Reserve, the Federal Deposit Insurance Corp., the Treasury Department, the Office of the Comptroller of the Currency and the National Credit Union Administration, reported the decision was borne out of a working group the agencies created to improve anti-money laundering processes. Sigal Mandelker, the Treasury undersecretary for terrorism and financial intelligence, told the Wall Street Journal that the decision is part of a broader effort to strengthen money laundering defenses in the financial system in the U.S. “Sharing resources in no way relieves a bank of this responsibility,” the statement said. “Nothing in this interagency statement alters a bank’s existing legal and regulatory requirements.” The statement noted that while banks could benefit from pooling resources, they should approach sharing resources as they would any other business relationship. continue reading »last_img read more