Instead, they use a comprehensive system for overseeing government activities, a system which encompasses the entire cycle of managing government activities, from the moment and appropriation request is made to Parliament up to the time when each agency that has been awarded government programs reports on the results it has achieved.

28. Believes that introducing principle-based provisions on risk management systems at Level 1 will help ensure financial stability and convergence in supervisory practices; expects the Commission therefore, once the legislative work on the evised UCITS III is completed, to draw up a list of principle-based criteria for the use of risk management systems, bearing in mind that such systems should correspond to the individual risk profile of each fund; calls on the Commission to examine whether management companies should be obliged to explain the appropriateness of a certain system and whether a general requirement for pre-authorisation ...[+++] of risk management systems through the supervisor or a clearer role of the depositary in the investment activity oversight are necessary; calls on CESR to complete its work on the harmonisation of risk measurement systems and to begin looking at liquidity management;

28. Believes that introducing principle-based provisions on risk management systems at Level 1 will help ensure financial stability and convergence in supervisory practices; expects the Commission therefore, once the legislative work on the evised UCITS III is completed, to draw up a list of principle-based criteria for the use of risk management systems, bearing in mind that such systems should correspond to the individual risk profile of each fund; calls on the Commission to examine whether management companies should be obliged to explain the appropriateness of a certain system and whether a general requirement for pre-authorisation ...[+++] of risk management systems through the supervisor or a clearer role of the depositary in the investment activity oversight are necessary; calls on CESR to complete its work on the harmonisation of risk measurement systems and to begin looking at liquidity management;

Key projects currently being completed include the following: developing a management system for terrestrial ecosystems and landscapes; designing a management framework for trace air contaminants; setting water quality objectives for the lower Athabasca River; developing a watershed integrity management system for the Muskeg River; developing a nitrogen management framework for eutrophication; revising existing reclamation practice guidelines; and creating new predictive models ...[+++] for reclamation activities, such as the design event at lakes.

A new way of planning its financial and human resources in relation to political priorities has been put in place through Activity Based Management.

In this context, it is worth noting that the Commission is currently establishing a system of Activity Based Management (ABM), backed up by suitable computer tools.