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Corporate Governance of Financial Institutions
Corporate Governance of Financial Institutions

... the typical value-maximization focus of corporate governance and reflects the unique position of financial institutions vis-à-vis the broader economy. The role of banks as efficient allocators of scarce capital throughout the rest of the economy requires a new definition of an ideal financial insti ...
PDF format
PDF format

... those activities, the association has contributed substantially to the development of Japan's economy and financial markets. Before starting my speech, I express my respect for the efforts you have been making over the years. In my speech today, I will briefly refer to the roles that international b ...
FHLBank Investor Presentation
FHLBank Investor Presentation

... estimates, or future predictions of the FHLBanks and Office of Finance. These statements may use forward-looking terminology, such as “anticipates,” “believes,” “could,” “estimates,” “may,” “should,” “will,” or their negatives or other variations on these terms. Investors should note that, by their ...
Risk-Adjusted Compensation
Risk-Adjusted Compensation

... external measures should be used with care (and balanced with internal measures). They are less subject to manipulation by management, and may not be suitable (alone) to provide effective incentives to management. Adjustments Needed To bring all this together, let’s take a look at each of the four q ...
Macroprudential, Monetary and Capital Flows Management Policies
Macroprudential, Monetary and Capital Flows Management Policies

... Financial cycles/procyclicality. Fallacies of composition, assets (fire-sales, credit crunch) or liabilities (liquidity) related. Etc. ...
Asian High Yield Outlook
Asian High Yield Outlook

... The increased pace of easing and reform measures suggest some urgency; however the Chinese authorities continue to display a clear willingness and strong ability to effect change. We expect a modest pick-up in economic activity on the back of these measures, but further easing will be needed to stab ...
ECONOMIC EFFECTS OF MONEY LAUNDERING – THE IMPACT
ECONOMIC EFFECTS OF MONEY LAUNDERING – THE IMPACT

... Ministry of Finance. The estimates regarding the losses made by the individual national and international organizations show that problem exists. However, credible estimates of where several factors influence is difficult to define, and reporting systems of individual countries differ from each oth ...
1 Joint Statement Asian Shadow Financial Regulatory Committee
1 Joint Statement Asian Shadow Financial Regulatory Committee

... protection, system stability, and efficient, fair, and transparent markets for capital raising and investing. Such regulations apply both to the exchanges themselves as well as to the issuers of securities traded on the exchanges and participants in the market. Historically, exchanges have played an ...
View/Open
View/Open

... The model began by recognizing that international markets in the sixties were gradually becoming more integrated because of the new developments in technology that were taking place. In addition, it recognized that a growing number of countries were in the process of dismantling the rigorous exchang ...
5 Financial Mistakes Physicians Make
5 Financial Mistakes Physicians Make

... Medical liability is a pervasive concern for physicians not only because of the potential effects of a settlement but also because of the costs associated with fighting a prolonged and costly legal battle. While laws capping tort damages have been effective in some states, physicians often are targe ...
financial management
financial management

Colombian Issuance of Local Currency Bond in the Global Market
Colombian Issuance of Local Currency Bond in the Global Market

... The Risks • Some of those problems were improved but there are many others that remain – Volatility of TES (limited historical information) – Construction of the VAR model – Stress Testing for a sustained decrease in prices and no buyers – Disclosure of derivative positions – Disclosure of risk in ...
sovereign sector
sovereign sector

... Regulation of liquidity risk – haircuts that cater to credit risk…, Macroprudential regulation – capital add ons, applied to all sovereigns, a group of sovereigns or and individual sovereign, could be activated when certain conditions are fulfilled (decision by supervisors), Enhanced Pillar 2 or Pil ...
For a terminal investment
For a terminal investment

... Market Value of Equity  Net Debt Book Value of Equity  Net Debt ...
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View as DOCX (1) 139 KB

... This strategy has been developed in consultation between officers and the Fund's Independent Advisers. Implications: This item has the following implications, as indicated: Risk management Private equity is illiquid and increasing the allocation from 5% of assets under management (AUM) to 7.5% reduc ...
Key Investor Information Document
Key Investor Information Document

... This document provides you with key investor information about this fund (the “Fund”). It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whe ...
Insurance Liabilities - International Actuarial Association
Insurance Liabilities - International Actuarial Association

... 1. The willingness or ability of the party to continue to pay the premiums The continued willingness to pay premiums is reflected in the risk of cancellation, lapse, or paid-up options available prior to the end of the contract term. This reduces or cancels the insurer’s obligations in line with a d ...
- DJ Carmichael
- DJ Carmichael

... I am comfortable with short and medium term capital losses in order to beat inflation over the longer term I am conscious of the effects of inflation, but would prefer a position that limits short and medium term capital losses Inflation may erode my savings but I have little tolerance for short and ...
Banking and the Financial Services Industry
Banking and the Financial Services Industry

This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER Macroeconomics Annual 2012, Volume 27
This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER Macroeconomics Annual 2012, Volume 27

... declined during the crisis, bond financing actually increased, so that the total supply of credit to firms did not decline nearly as sharply as bank lending. They argue, as a consequence, that models in which a financial crisis corresponds to a contraction in the supply of credit as such are inaccur ...
1 Overview of Changes Introduced by The Money Laundering
1 Overview of Changes Introduced by The Money Laundering

... Customer Due Diligence (CDD), Simplified Due Diligence (SDD) and Enhanced Due Diligence (EDD) Greater explanation has been provided of when to undertake CDD and what is expected of a Firm. The prescriptive lists of when to conduct simplified has been removed and replaced by a risk-based approach tow ...
ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics
ROCKY FORD CURRICULUM GUIDE SUBJECT: Economics

... We will list four different types of financial asset markets. We will compile and research five stocks for viability. We will participate in a five week on-line stock market game. b. Evaluate factors to consider when managing savings and investment accounts I, M ...
Growth, Liquidity Provision, Reserves and Sovereign Debt Capacity Yu Xu May 31, 2014
Growth, Liquidity Provision, Reserves and Sovereign Debt Capacity Yu Xu May 31, 2014

Asset Allocation: A New Look at an Old Theme
Asset Allocation: A New Look at an Old Theme

here - Educators Financial Group
here - Educators Financial Group

... their debt. This saves them money, and adds value ...
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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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