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The Benefits of High-Quality in an Uncertain Environment
The Benefits of High-Quality in an Uncertain Environment

financial ratios - Timeless Investor
financial ratios - Timeless Investor

... liability is booked. Footnote should provide some info. • Large up-front fee may appear immediately on income statement or periodic fee shows up over time. ...
Country ratings: Initial Considerations
Country ratings: Initial Considerations

... → falling commodity prices → decline in remittances ...
3% in 2013
3% in 2013

... Low impairment: 1.8% (banks) and 1.6% (nonbanks) PF by non-banks supported by automatic salary deduction scheme for individuals with stable ...
New Keynesian Theory I
New Keynesian Theory I

... Prices fall in the factor sectors, affecting factor firms’ profitability and liquidity, and these firms’ purchases of factors and capital. In response to the increased risk, firms reduce inventories since holding inventory represents a risk. (This explains a long-standing mystery about why inventori ...
Don't sweat the downturn
Don't sweat the downturn

... move that may reduce the cost benefits? And has the organisation really assessed its business needs? Setting expectations in terms of up time, resolution time and business goals is key before, not during or after, discussions with potential providers. It is only by undertaking a thorough price versu ...
need for financial diversification: development of a debt market in
need for financial diversification: development of a debt market in

... raise longer term risk-capital from the capital market and reduce their reliance on conventional lenders like banks. By following improved governance practices, for instance a high level of disclosure, listed companies should be able to get better terms from lenders than similar unlisted companies. ...
Beyond EBITDA: 5 Other Factors That Affect
Beyond EBITDA: 5 Other Factors That Affect

... investor can handicap the future opportunity when a team is in place and able to provide a large amount of upfront information to chart the company’s course. That said, not every seller has developed a complete team or can recruit the talent it needs. In fact, most entrepreneurs tend to run lean org ...
Weekly Commentary 08-08-16
Weekly Commentary 08-08-16

... The Markets It’s déjà vu all over again! The Chicago Board of Options Exchange (CBOE) Volatility Index, also known as the VIX, tracks the prices of options on the Standard & Poor’s 500 (S&P 500) Index. Since options often are used to hedge portfolio risk, the VIX is considered to be a ‘fear gauge’ t ...
Slide 1
Slide 1

... (2) Directly purchases equities of trouble financial institutions. Guarantees assets of large financial institutions. (3) Provides funding for the guarantees of large financial institutions (BofA and Citi). Enhances liquidity in Asset Baked Markets. (4) Swaps (sells) "safe" treasuries for less liqui ...
FIN-121 Personal Finance
FIN-121 Personal Finance

MiFID II: New challenges in the area of Product Governance
MiFID II: New challenges in the area of Product Governance

... Flagging of leveraged instrument SIX Definition of Leveraged Instrument: Leverage embedded in a financial instrument is the amount of market (or underlying asset) exposure per unit of committed capital. In other words, an instrument embedded leverage is its percentage change in price for a one perc ...
Global Financial Development Report 2013. Rethinking the Role of
Global Financial Development Report 2013. Rethinking the Role of

... Credit information sharing: some new results Important role of the state – promote participation, ensure access and transparency – particularly in concentrated environments; private information sharing is less likely to emerge when banking systems are concentrated; state also has a role in increasin ...
Chapter 6
Chapter 6

... Second, securities are easier to buy and sell – they are more liquid – than the underlying assets on which they are based. Liquid assets usually have higher prices because buyers worry less about being able to sell them in the future. Again, the effect is to lower the cost of funding for borrowers. ...
6. Key Indicators
6. Key Indicators

... • Demonstrates ability to liquidate the firm, cover all liabilities out of all assets, and still have “cash” left over. • Should not exceed 0.50 to minimize financial risk exposure. • Some firms fail however at lower levels. 2. Leverage ratio: • Total debt divided by equity or net worth. • Often a c ...
Description of Financial Instruments and Principal
Description of Financial Instruments and Principal

BANK OF NOVA SCOTIA (Form: FWP, Received: 10
BANK OF NOVA SCOTIA (Form: FWP, Received: 10

... You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities. Your return on the notes may be affected by factors affecting the international securiti ...
DFS GIF – Growth - Desjardins Life Insurance
DFS GIF – Growth - Desjardins Life Insurance

... ©2017. Morningstar Research Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are ...
May 2014
May 2014

Risk Management and Financial Institutions
Risk Management and Financial Institutions

... Tax is paid as though the investor owned the mutual fund investments If the mutual fund realizes capital gains or dividends during a year, the investor has to pay taxes on the amount realized The investor’s basis (i.e., the amount the investor is assumed to have paid for the mutual fund shares) is a ...
DOC - Europa.eu
DOC - Europa.eu

Roisland - Viessmann European Research Centre
Roisland - Viessmann European Research Centre

... between risk, as referring to events subject to a known or knowable probability distribution and uncertainty, as referring to events for which it was not possible to specify numerical probabilities. I have not referred to this distinction because I do not believe it is valid. […] We may treat people ...
Financial Market Failures and Systemic Risk
Financial Market Failures and Systemic Risk

... After drawing lessons from recent events, the concern for systemic risk is revisited. Monetarists often argue that financial market crises are pseudo-crises because they do not have the potential to induce a global contraction of liquidity in the banking system as bank runs do [Schwartz, 1992]. On t ...
integrated supervisor
integrated supervisor

... • Concerns implementation practice and colleges • Up to now weights of individual authorities were balanced • Newly one supervisor (ECB) will be much stronger and bigger than any other ...
Trade Credit Insurance
Trade Credit Insurance

... Special Buyer Credit Limit (SBCL) For all transactions exceeding the Discretionary Limit, the policyholder is required to apply for a SBCL which is determined based on an assessment of the buyer’s financial status and creditworthiness ...
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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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