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HSBC World Selection Personal Pension
HSBC World Selection Personal Pension

Banks` Endogenous Systemic Risk Taking
Banks` Endogenous Systemic Risk Taking

... capital requirement after a systemic shock would, ceteris paribus, reduce the credit crunch produced by the loss of bank capital. However, as bankers anticipate such countercyclical adjustment after a systemic shock, they also anticipate lower gains from protecting their capital against it and, thus ...
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... Stockholders ...
Concentration risk in credit portfolios - June 2006
Concentration risk in credit portfolios - June 2006

Leverage
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... Leverage is important in evaluating a business, too. Businesses have to decide how leveraged they want to be, and just as in the securities markets, increased leverage increases potential profitability and potential risk. The most common measure of leverage for publicly traded companies is financial ...
Oaktree High Yield Bond Fund
Oaktree High Yield Bond Fund

... The following is a list of certain derivatives in which the Fund intends to invest and the principal risks associated with each of them: Forward Foreign Currency Exchange Contracts – Forward foreign currency exchange transactions are over-the-counter contracts to purchase or sell a specified amount ...
Chapter 16 -- Operating and Financial Leverage
Chapter 16 -- Operating and Financial Leverage

5 STAR LIFE INSURANCE COMPANY
5 STAR LIFE INSURANCE COMPANY

... Standard Analytical Service, Inc. is independent of any insurance company or companies, and we do not sell any kind of insurance. Our financial reports and comparisons, reprints of which are paid for by the companies, are based on statutory financial statements filed with the state insurance departm ...
A Multi Objective and Multi Constraint Approach to the
A Multi Objective and Multi Constraint Approach to the

Wojcic
Wojcic

...  law and high limits – on Polish market from € 10.000 up to € 50.000.000 ...
Financial Risk Capacity
Financial Risk Capacity

... The mechanism that causes a decline in profitability during crises is inherent to financial intermediation. Classic arguments in banking stress that one natural role for banks is to deal with asymmetric information between borrowers and lenders. The idea is that banks can diversify transaction risks ...
Choices and Best Practice in Corporate Risk Management Disclosure
Choices and Best Practice in Corporate Risk Management Disclosure

... had significant exposures to several foreign currencies, notably the Euro, British pound sterling, and Canadian dollar. Such exposures were managed using hedging strategies involving currency option and forward contracts. Dollar estimates of the sensitivity of these derivative instruments to movemen ...
FIN 616 - Seminar in Investment
FIN 616 - Seminar in Investment

Budget techniques reforms of local authorities
Budget techniques reforms of local authorities

- Munich Personal RePEc Archive
- Munich Personal RePEc Archive

... other lends substance to the “too big to fail” doctrine. The policy that some banks are “too big to fail” also implies that policy makers fear allowing an insolvent institution to fail will impose negative external effects on other intermediaries and risk further financial contraction. The policymak ...
THE EVOLVING FACE OF FACTORING By Harvey S. Gross There is
THE EVOLVING FACE OF FACTORING By Harvey S. Gross There is

... tightened credit quality criteria institutional investors have applied in the wake of large credit write-downs of the early 2000s. Although the economy continues its recent improvement, it will likely be some time before credit criteria relaxes to accommodate middle market companies. As a mean of ad ...
IFRS 9 Financial Instruments
IFRS 9 Financial Instruments

...  he financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. • T  he contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on ...
Business Cycles and Financial Intermediation in Emerging Economies ∗ Christoph Große Steffen
Business Cycles and Financial Intermediation in Emerging Economies ∗ Christoph Große Steffen

Chapter 9 - Cost of Capital
Chapter 9 - Cost of Capital

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Explanations

... Explanations The survey covered all enterprises with a legal person right (except budget establishments) which are situated on the region's territory. to the table: Data are given without of taking into account the result of activity of banks. The financial result before taxation has used from 2009 ...
Transaction in the share market
Transaction in the share market

... Leveraged recapitalizations Information or signalling effects Repurchase dissident shares Removing cash without generating expectations for future distributions Take the firm private. ...
CRT066436A Post Brexit debt markets Web
CRT066436A Post Brexit debt markets Web

... borrowers still able to get very competitive trades: indeed, a number of bond deals issued postreferendum have all but flown off the shelf. The recent monetary policy action by the BoE is likely to add momentum to this trend. In the leveraged finance space, some deals have been pulled or temporarily ...
Single Point of Entry and the Bankruptcy
Single Point of Entry and the Bankruptcy

Financial Amplification Mechanisms and the Federal Reserve`s
Financial Amplification Mechanisms and the Federal Reserve`s

With widespread deregulation and rapid growth of financial wealth, business
With widespread deregulation and rapid growth of financial wealth, business

... feedbacks between domestic financial markets and capital flows are much stronger in developing than industrial countries. Exchange rate turbulence rarely spills over to domestic capital markets and the banking sector in industrial countries.10 By contrast, in emerging markets major payments and curr ...
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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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