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Compile and deploy your webapp. Verify the following: Does the Find utility work In other words, do you see a list of companies when you use Find Does the form populate when you click the company name links Does the company name s background color change when you click on it Does the contact update correctly when you make a change Does the Find result change when you make an update For example, if you perform a Find operation for a company name, and then change the company name, does the Find listing change Does Find work correctly on both full.jsp and mnc.jsp If you use the full/MNC entry forms to enter a new contact, does the database correctly create new contacts

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Sumner Blount leverage became excessive as risk piled upon risk. 3. Risk became aggregated at central points. As these risks increased, they aggregated at Fannie Mae, Freddie Mac, and mortgage insurance companies. The risks became oppressive, and financial instruments such as collateralized debt obligations (CDOs) only compounded the problem and put huge institutions at great risk. Now you understand a bit about how the crisis happened. But it s also useful to look at why it happened. What failed Was it a total lack of financial risk management Was it greed Was it lack of regulation Was it all of these The cause of this crisis probably did include elements from all of these areas. There was unquestionably greed, but it s unlikely that we can legislate away human greed. Lack of appropriate regulation was probably also a causal factor, and we will soon see what regulatory remedies are in store for us. But in terms of risk management, several key failures deserve mention: 1. Failure to embrace appropriate risk management behaviors: Risk management needs to be an essential component in all key business processes, and every person who participates in those processes needs to be aware of the impact of their actions on risk and provide timely information that improves the management of risk related to that business process. In the current crisis, prudent risk management clearly was not integrated into the financial investment processes that determined the behavior of individual managers or traders. 2. Failure to create and reward risk management competencies: The individuals who were on the front lines taking financial risks were incented to maximize short-term profits, not to make prudent business decisions that would provide the best level of risk-return for the enterprise.

Summary

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Tiles is a mechanism for creating layouts and components. Layouts help streamline a web application s look and feel. Tiles components are a way to create reusable GUI components.

he Validator framework is a Struts plug-in, originally created by David Winterfeldt, that provides a set of generic validations that you can use to run a variety of simple validations Instead of implementing validate() functions in your ActionForm subclasses, you declare your validations in an XML file So, the Validator framework eliminates the need for implementing validate() in your ActionForm subclasses (You still need your ActionForm subclasses to store form data) You reap a number of benefits when you use the Validator framework, as opposed to writing individual validate() functions on your ActionForm subclasses: Better maintainability: Since the new XML format validations are all placed in one file, you should be able to maintain your validations more easily Standardization: Many simple validations require the same checks For example, both userid and password fields might require checks to ensure they are composed of alphanumerics.

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Governance Today 3. Failure to use risk management to influence decision-making (for both risk-taking and risk-avoidance decisions): Even if the people on the front lines are diligent about their risk management responsibilities (and that is often not the case), unless this information related to risk is used proactively to inform and impact top management decision-making, its value is negated. Upper management either was not aware of the level of risk that their organization was taking on, or their incentives were skewed to the extent that they overlooked excessive short-term risk.

If these checks were spread throughout a few validate() functions, standardizing them would be a challenge As you ll see, the Validator framework makes it easier for you to standardize your validations Correct implementation: Some simple validations are quite difficult to implement correctly! A prime example is validating an email address so that it conforms to the RFC-2822 specification (this specification deals with email address formats, among other things) Rather than reinventing the wheel, you can take advantage of validations provided by the Validator framework Less code duplication: Similarly, because the Validator framework provides a fairly comprehensive set of validations, you can cut down code duplication You don t need to implement your own code to validate things like credit card numbers in each of your web applications.

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