Parents Refusal of Childhood Vaccination

Sectors and Partnerships Paper Job Title and Position I am the Chairperson of the Municipal Securities Rulemaking Board (MSRB). This is a self-regulatory body that is constituted to create rules and policies that are aimed at regulating the activities of investment firms and banks when issuing municipal notes, bonds, and municipal securities of other kinds. States, cities, and counties usually issue these securities for a variety of reasons, chief among them is raising funds for the facilitation of public projects like construction of schools, roads, ports, etc.

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Overall, the MSRB is tasked with the function of preventing fraud in the securities industry. In addition to this, the power of the Board was also expanded in 2010 to include the regulation of municipal advisors, who are the firms and financial professionals that are contracted to offer advice to state and local governments about the issuance of bonds and other municipal financial products (Municipal Securities Rulemaking Board, 2017). As the chair of the Board, I also serve on the steering committee. Generally, my duties are to ensure that the board is functioning effectively and efficiently, to chair meetings and liaise with the different committees of the board to ensure that they are carrying out their duties as one organic body for the achievement of the board’s goals.

The National Critical Infrastructure that is Related to My Job According to the U.S. Department of Homeland Security, there are 16 critical infrastructure sectors whose systems, assets and networks are so vital to the function of the U.S. economy that their incapacitation would constitute a threat on national security (Department of Homeland Security, 2018). One of the infrastructure sectors that are considered to be critical in this regard is the financial services sector. This sector is made up of various providers of financial utilities, investment products, insurance companies, and other credit and financing organizations. Generally, the sector deals with those organizations whose functions are to enable customers to access liquidity and credit, deposit funds and make payments to other parties, invest their funds either in the short or long term and to transfer financial risk between themselves (Department of Homeland Securities, 2018). As discussed above, the MSRB is tasked with the regulation of securities that are offered in the public domain by states, cities or counties.

Inevitably, the activities of the public sector affect those of the private sector either directly or indirectly.

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My Organization’s Role in the Critical Infrastructure Sector The financial services sector is important to national security because by attacking it, criminals may severely impede the workings of the economy and may massively destabilize the day to day functions in the country. In connection to this, it is worth noting that with the rise in cybercrime, the methods of attacking financial services institutions, which rely heavily on information technology have of also multiplied (Department of Homeland Security, 2018). Every day, there are new and consequential threats that face the financial sector, which have to be preempted and prevented. What is more, money laundering is also emerging as one of how criminal and terrorist enterprises can finance their activities without detection. Institutions that offer financial services (both public and private) are key targets for money laundering.

Therefore, it is important to create rules, regulations, and policies which seek to protect this sector from manipulation by fraudulent users.

Why are Partnerships Important in This Field?

It is evident that the financial services sector is made up of myriad players whose actions affect each other. It is difficult for one provider to distinguish their services from those of other players in that they are all regulated in like manner and at times, use the same platforms to conduct activities like trading securities. Therefore, partnerships are bound to be formed, and the various stakeholders in this sector are bound to rely on each other with or without their acquiescence. However, partnerships should not be collaborations that are imposed on the players. They have more beneficial than disadvantageous effects on the functions of the stakeholders. Partnerships ensure that the financial sector is more empowered and better insulated against disruptions from attacks. When all the players are of one mind and adhere to

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the rules and policies that protect their activities, their actions are bound to flourish, and the sector is bound to become better protected and harder to be penetrated by fraudulent users.

Some of the partnerships that are envisioned in the public sector are the national government and security agencies which have the intelligence that is necessary to foretell where attacks to the system may be launched and what measures may be taken to prevent such attacks.

Also, the state, city, council boards, investment firms, and banks which issue securities are key players because their collaboration and support are vital in ensuring that the securities are issued in strict compliance to laws and regulations. In the private sector, every institution which deals with financial services as discussed above is a potential partner. Also, the consumers who use these services are also partners since the provision of these services affect them directly. Lastly, the regulator of financial services within the private domain is a major partner since their duties directly affect the efforts of public bodies to provide the requisite protections to the financial sector.

SECTORS AND PARTNERSHIPS PAPER References Department of Homeland Security. (2018). Critical infrastructure sectors. Retrieved from https://www.dhs.gov/critical-infrastructure-sectors Department of Homeland Security. (2018). Financial Services Sector. Retrieved from https://www.dhs.gov/financial-services-sector Municipal Securities Rulemaking Board. (2017). The role and jurisdiction of the MSRB. Retrieved from https://www.sifma.org/wp-content/uploads/2018/04/MSRB_OPS18_Marketing-PDF1.pdf

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