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41% - Bank Of India
41% - Bank Of India

... • 41% of the population in India is unbanked  40% is unbanked in urban areas  61% is unbanked in rural areas  Higher in North Eastern(63%) and Eastern regions (59%) • Only 14% of adult population have loan accounts  9.5% in rural areas  14% in urban areas  North Eastern(7%) and Eastern regions ...
Options for Improving the Safety of Superannuation
Options for Improving the Safety of Superannuation

... – requirements similar to those applying to ADIs – minimum requirements that contract should address – could be done through standard or regulation ...
Business Profile
Business Profile

...  Risk management is the common thread that links balance sheet strength, operating performance and business profile  Where there is risk, there is uncertainty and where there is uncertainty there is exposure to volatility  It’s not risk avoidance, it’s risk management  Fundamental objective of a ...
Download (PDF)
Download (PDF)

pl/vs curriculum framework
pl/vs curriculum framework

... PL/VS CURRICULUM FRAMEWORK ...
Right on the money - Toronto Financial Services Alliance
Right on the money - Toronto Financial Services Alliance

... within the public sector ...
Argentina and Brazil
Argentina and Brazil

... ratio decreased significantly and in 2009 was 0.16% of GDP  Pension funds reserves were 13% of GDP in 2006; they became zero after the nationalization of pension funds in December 2008 ...
Asset Pricing Implication of Innovation (cont`d)
Asset Pricing Implication of Innovation (cont`d)

... • Avoid look-ahead bias: make sure sorting variables are observable to investors at formation (financial reporting lag) • Rebalance once a year (reduce transaction cost) ...
Finanical Crisis Facts
Finanical Crisis Facts

... Lehman’s failure completely shocked financial markets It was the largest U.S. firm in any industry ever to file for bankruptcy, and had been a pillar of financial system since 1850 As Lehman defaulted on its borrowings from other financial institutions, these financial institutions suffered Furtherm ...
Everything You Wanted to Know about Asset Management for
Everything You Wanted to Know about Asset Management for

... reduce their projections of future earnings. At the same time, the fact that investors were taken by surprise would reduce their confidence and increase the discount rate. These two effects would reinforce each other and contribute to a sharp decline in the valuation of company shares. • Put simply, ...
2016 Capital Market Projections
2016 Capital Market Projections

... Callan’s projections consist of three primary figures for each asset class: a mean rate Multiple elements of the capital markets influence the projections: returns relative of return, a corresponding range defined by standard deviation, and the correlations to to inflation, equity valuations, risk p ...
Figure 15.1
Figure 15.1

... Basic Facts About Financial Structure Throughout the World: we reviewed eight basic facts concerning the structure of the financial system ...
Discover Financial Services (Form: 424B2, Received
Discover Financial Services (Form: 424B2, Received

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The Impact of Regulation on Financial Services Industry Groups

... Along with banks’ investment decisions, many economists have blamed central bankers and governmental policy makers for encouraging consolidation and conglomeration within the financial services industry over the past two decades, thus serving as catalysts to this crisis. Following the 1999 Financia ...
Seeing the Big Picture: Financial Markets, Conflict and Corruption
Seeing the Big Picture: Financial Markets, Conflict and Corruption

... and increase their projections of future corporate earnings and cash flows. On the other hand, investors must now consider that they were surprised (sales beat expectations). If investors were surprised, their confidence in how well they understand the company must be reduced so their discount rate ...
BMO Asset Management Global Equity Fund
BMO Asset Management Global Equity Fund

... The team builds focused portfolios of high quality companies which are held regardless of their popularity or size. The key risk to be avoided is that of losing money for our clients, not that of appearing different from a benchmark. The stock selection process includes two separate strands. The fir ...
NEER WORKING PAPER SERIES NEW THEORY OF THE FIRM: ASYMMETRIC INFORMATION AND
NEER WORKING PAPER SERIES NEW THEORY OF THE FIRM: ASYMMETRIC INFORMATION AND

... firm behavior, even with respect to the unsystematic risks that are associated with active produc- ...
Contract Farming and Adaptation
Contract Farming and Adaptation

...  Price predictability gives households greater chance to plan their livelihoods (including off-farm risk spreading) Above all, contract farming may be the only option available for smallholders to access markets with strict requirements for timeliness, bulk and quality, so if the market is to be pa ...
Financial and FDA Speaker Disclosure Form
Financial and FDA Speaker Disclosure Form

... commercial product(s) and/or provider(s) of commercial services discussed in an educational presentation and (2) with any commercial supporters of the activity. (“Relevant“ financial interest or other relationship can include such things as grants or research support, employee, consultant, major sto ...
personal profile - Keyte Chartered Financial Planners
personal profile - Keyte Chartered Financial Planners

... The Sunday Times, the Financial Times and the Independent on Sunday, as well as featuring on Radio 4’s Money Box Live as one of the panel of specialists several times. Robin was a founding member of the Ethical Investment Association (EIA) and served as Chair and also on the board of UKSIF (the UK s ...
This PDF is a selection from a published volume from... Bureau of Economic Research
This PDF is a selection from a published volume from... Bureau of Economic Research

... risk. The magic of a CDO, as explained by Coval, Jurek, and Stafford (2008), lies in how they can be used to manufacture “safe” bonds (according to credit rating agencies) out of risky ones—especially when CDOs are created out of CDOs, known as CDOs-squared. Investors as a group, were willing to buy ...
Great Depression and Great Recession - UvA-DARE
Great Depression and Great Recession - UvA-DARE

Moldova Poverty Trends 2001/2002
Moldova Poverty Trends 2001/2002

... Although the stock of domestic debt has declined from 25% of GDP in 2004 to 15% in 2007, it is still very high. In 2001, total domestic debt was 8% of GDP The macroeconomic situation remains fragile, and therefore a relaxation of fiscal discipline could lead to a rapid resurgence in domestic debt ...
Measures of financial stability - a review
Measures of financial stability - a review

... could signal these conditions are intuitively attractive as they could enable policy makers and financial system participants to: (a) better monitor the degree of financial stability of the system, (b) anticipate the sources and causes of financial stress to the system and (c) communicate more effec ...
Political Bubbles:
Political Bubbles:

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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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