SRC review guide for general-purpose governments
... When using these guidelines please note: • Indentation indicates that a question is only relevant if the response to the preceding question is positive. • Explanations or comments follow the relevant question. • A plus sign (“+”) indicates that the answer to a question in section VI of the applicati ...
... When using these guidelines please note: • Indentation indicates that a question is only relevant if the response to the preceding question is positive. • Explanations or comments follow the relevant question. • A plus sign (“+”) indicates that the answer to a question in section VI of the applicati ...
CTAs: Shedding light on the black box
... Below are some important conclusions which we believe are worth highlighting: 1. One of the common misconceptions about CTAs is that they are long volatility when in fact they are simply long ‘gamma’, meaning that they become more exposed to a trend (upwards or downwards) the more pronounced it beco ...
... Below are some important conclusions which we believe are worth highlighting: 1. One of the common misconceptions about CTAs is that they are long volatility when in fact they are simply long ‘gamma’, meaning that they become more exposed to a trend (upwards or downwards) the more pronounced it beco ...
The Effect of Social and Demographic Factors on Life Insurance
... The relationship between the age, divided into five classes, and life insurance demand is presented in Table 1. The largest number of respondents – 29 out of total of 95, belongs to the age group 31 -43. The smallest number of respondents is in the age group 70 and older. More than half of the respo ...
... The relationship between the age, divided into five classes, and life insurance demand is presented in Table 1. The largest number of respondents – 29 out of total of 95, belongs to the age group 31 -43. The smallest number of respondents is in the age group 70 and older. More than half of the respo ...
2016 Report on Corporate Governance and Ownership Structure
... exercise the corporate and capital rights attributed to them by current regulations, in compliance with the limits set out therein. The Company has not issued other categories of shares or of financial instruments that may be converted or are exchangeable with shares. At the date of the Report’s app ...
... exercise the corporate and capital rights attributed to them by current regulations, in compliance with the limits set out therein. The Company has not issued other categories of shares or of financial instruments that may be converted or are exchangeable with shares. At the date of the Report’s app ...
Integrated reporting
... governance and prospects. An issue is considered material if it is likely to impact KCB’s ability to achieve its strategy, to remain commercially sustainable and to be socially relevant. In particular, material issues are those that have a strong bearing on the assessment of stakeholders of the exte ...
... governance and prospects. An issue is considered material if it is likely to impact KCB’s ability to achieve its strategy, to remain commercially sustainable and to be socially relevant. In particular, material issues are those that have a strong bearing on the assessment of stakeholders of the exte ...
Driving success in a growing market
... for the coming years. Gamma then delivered leading capabilities throughout the whole process whilst being sympathetic to the sizeable change we knew this would bring to our business. We are delighted with Gamma and have a strong partnership with them as they deliver significant benefits to our busin ...
... for the coming years. Gamma then delivered leading capabilities throughout the whole process whilst being sympathetic to the sizeable change we knew this would bring to our business. We are delighted with Gamma and have a strong partnership with them as they deliver significant benefits to our busin ...
1 513 +27 % 405 +42 % 20 % 18
... around us, a lot is happening outside the company. We therefore decided to set up a private Venture Capital company with the purpose of investing in promising FinTech startups. Collector AB (publ) 556560-0797, P.O. Box 119 14, SE-404 39 Gothenburg, Sweden | Telephone +46 10 161 00 00 | E-mail info@c ...
... around us, a lot is happening outside the company. We therefore decided to set up a private Venture Capital company with the purpose of investing in promising FinTech startups. Collector AB (publ) 556560-0797, P.O. Box 119 14, SE-404 39 Gothenburg, Sweden | Telephone +46 10 161 00 00 | E-mail info@c ...
Substituted Compliance - Program on International Financial Systems
... to articulate bright-line rules that clearly define when foreign issuers will be subject to US regulation. So, for example, starting in the 1960s, most American firms with more than 500 shareholders and assets above a minimal threshold had to comply with SEC periodic reporting requirements under the ...
... to articulate bright-line rules that clearly define when foreign issuers will be subject to US regulation. So, for example, starting in the 1960s, most American firms with more than 500 shareholders and assets above a minimal threshold had to comply with SEC periodic reporting requirements under the ...
Procurement strategy guideline - Department of Treasury and Finance
... Successful procurement is realising the planned investment outcomes through the delivery of assets and services whose quality represents good value for the given resource expenditure. Procurement success is not only measured by how well an asset has been delivered but also how effectively it operate ...
... Successful procurement is realising the planned investment outcomes through the delivery of assets and services whose quality represents good value for the given resource expenditure. Procurement success is not only measured by how well an asset has been delivered but also how effectively it operate ...
Transferring Portfolio Selection Theory to Customer Portfolio
... assume normally distributed returns. The authors are not aware of any study that deals with typical distributions of CLVs within specific customer segments. This appears to be an open issue for further research.1 • Given and stationary values for return, variances and co-variances: The parameters th ...
... assume normally distributed returns. The authors are not aware of any study that deals with typical distributions of CLVs within specific customer segments. This appears to be an open issue for further research.1 • Given and stationary values for return, variances and co-variances: The parameters th ...
Uncertainty shocks, asset supply and pricing over the business cycle
... On the firm side, we depart from standard models by introducing financing costs, following the literature on dynamic corporate finance. In particular, our representative firm faces adjustment costs that encourage dividend smoothing, as well as an upward sloping marginal cost of debt that is familiar ...
... On the firm side, we depart from standard models by introducing financing costs, following the literature on dynamic corporate finance. In particular, our representative firm faces adjustment costs that encourage dividend smoothing, as well as an upward sloping marginal cost of debt that is familiar ...
JZCP Annual Report and Financial Statements 2016
... instalments, we paid total dividends of 33.5 cents per share during the year versus 31 cents during the prior year. At our stock price as of 29 February 2016, the implied dividend yield was 6.1%. JZCP experienced an active investment period over the past year, deploying $272.7 million in our US micr ...
... instalments, we paid total dividends of 33.5 cents per share during the year versus 31 cents during the prior year. At our stock price as of 29 February 2016, the implied dividend yield was 6.1%. JZCP experienced an active investment period over the past year, deploying $272.7 million in our US micr ...
An Overview of Using Dynamic Discounted Cash Flow and
... effort involved in the services provided by AMEC and David Laughton Consulting Limited based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions and qualifications set forth in this presentation. This presentation is int ...
... effort involved in the services provided by AMEC and David Laughton Consulting Limited based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions and qualifications set forth in this presentation. This presentation is int ...
To hedge or not to hedge? Evaluating currency
... 10 The volatility ratio is higher for lower-volatility assets. For example, using σs of 5% for bonds and 20% for stocks and σf of 10% for currency, the resulting volatility ratio would equal 2 for bonds and only 0.5 for stocks. 11 The exception to this rule occurs when ρs,f = +1 (perfect positive ...
... 10 The volatility ratio is higher for lower-volatility assets. For example, using σs of 5% for bonds and 20% for stocks and σf of 10% for currency, the resulting volatility ratio would equal 2 for bonds and only 0.5 for stocks. 11 The exception to this rule occurs when ρs,f = +1 (perfect positive ...
Household Portfolios in Italy
... the Bank of Italy on a representative sample of about 8,000 households in 1989, 1991, 1993, 1995 and 1998 – has collected detailed information on the composition of Italian households’ wealth, both real and financial. But the 1987 survey has information only on highly aggregated asset categories, a ...
... the Bank of Italy on a representative sample of about 8,000 households in 1989, 1991, 1993, 1995 and 1998 – has collected detailed information on the composition of Italian households’ wealth, both real and financial. But the 1987 survey has information only on highly aggregated asset categories, a ...
The Role of Private International Financial Capital Flows in Support
... different decision sets than those considered developed. Financial account liberalization in developed countries may provide greater net benefits due to significant financial ...
... different decision sets than those considered developed. Financial account liberalization in developed countries may provide greater net benefits due to significant financial ...
Using out-of-sample errors in portfolio optimization
... (1985), Jorion (1986)). It is also related to the literature on shrinking the estimation error of the covariance matrix (Best and Grauer (1992), Ledoit and Wolf (2004a), Ledoit and Wolf (2004b), Disatnik and Benninga (2007)). Generally that literature shows that one effective way to reduce the estim ...
... (1985), Jorion (1986)). It is also related to the literature on shrinking the estimation error of the covariance matrix (Best and Grauer (1992), Ledoit and Wolf (2004a), Ledoit and Wolf (2004b), Disatnik and Benninga (2007)). Generally that literature shows that one effective way to reduce the estim ...
Q1
... to reduce the risk of bank credit and house price spirals developing in the future. The Central Bank does not wish to regulate or directly control house prices. It is expected that the new regulations will be introduced under legislation shortly. The limits are supplementary to individual banks cred ...
... to reduce the risk of bank credit and house price spirals developing in the future. The Central Bank does not wish to regulate or directly control house prices. It is expected that the new regulations will be introduced under legislation shortly. The limits are supplementary to individual banks cred ...
Final notice: JPMorgan Chase Bank NA
... 4.17. JPMorgan operates a “three lines of defence” model to manage risk. JPMorgan’s front office business lines (the first line of defence) had primary responsibility for identification of conduct risks, which they were expected to report to Compliance officers for escalation via relevant business c ...
... 4.17. JPMorgan operates a “three lines of defence” model to manage risk. JPMorgan’s front office business lines (the first line of defence) had primary responsibility for identification of conduct risks, which they were expected to report to Compliance officers for escalation via relevant business c ...