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PRINCIPAL FINANCIAL GROUP INC
PRINCIPAL FINANCIAL GROUP INC

... and, subsequent to June 30, 2003, its consolidated variable interest entities ("VIE"), have been prepared in conformity with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In ...
CLS Bank International Best Practices for Nostro Agents and Nostro
CLS Bank International Best Practices for Nostro Agents and Nostro

... A secondary CLS Nostro account can be an existing Nostro account used by a different business line/product, or a CLS specific back-up Nostro account. Secondary CLS accounts should be tested in production on low-value CLS days such as a USD holiday. It is recommended that Members have an internal doc ...
Annual Report 2010 (PDF 2.9MB)
Annual Report 2010 (PDF 2.9MB)

... In terms of the third priority, to keep pace with the changing media environment, we must continue to establish positions in new growth segments. This comprises investing in both internal and external opportunities. ...
Report: Inquiry into Financial Products and Services in Australia
Report: Inquiry into Financial Products and Services in Australia

... country that appears to the Parliamentary Committee to affect significantly the operation of the corporations legislation (other than the excluded provisions); and ...
Capital structure and volatility of risk
Capital structure and volatility of risk

Annual Report 2006 - Bridgestone Corporation
Annual Report 2006 - Bridgestone Corporation

... countries. Most of these emerging competitors focus on supplying extremely low-priced tires, not only to domestic markets but increasingly to export markets in the US and Europe. This has led to fierce price competition worldwide, which is an ongoing trend in this segment of the tire market. We reco ...
Corporate Actions-- a Concise Guide : an Introduction to Securities
Corporate Actions-- a Concise Guide : an Introduction to Securities

... percentage of the total number of corporate actions, it nevertheless equates to several dozen price moving corporate events each trading day. In the realm of debt securities the payment events of structured debt caused a huge increase in the volume and complexity of corporate actions in the 2003-07 ...
InterOil Corporation
InterOil Corporation

... meet its demands under the Papua LNG Project and other exploration goals across its portfolio, benefits associated with the development of the Papua LNG Project, the intentions of Mulacek regarding various matters, InterOil’s corporate strategy and InterOil’s position in the low-commodity price envi ...
ECB Unconventional Monetary Policy Actions: Market Impact
ECB Unconventional Monetary Policy Actions: Market Impact

... Our paper relates to a number of strands of the empirical literature studying the impact of central banks’ unconventional policies on financial markets, using (high frequency) daily data. First, it relates to empirical papers quantifying the impact of policies on domestic asset prices. In this field ...
Summary Note dated 3 November 2014
Summary Note dated 3 November 2014

... Summaries are made up of disclosure requirements known as ‘Elements’. These elements are numbered in Sections A – E (A.1– E.7). This summary contains all the Elements required to be included in a summary for this type of security and issuer. Because some Elements are not required to be addressed, th ...
FDI of German companies during globalization and
FDI of German companies during globalization and

... Germany compared results at the firm level and at the aggregated level (Buch et al., 2005). The authors mobilized a very large panel dataset recorded by the Bundesbank and compared aggregated and individual FDI to target country’s GDP and similarity of GDP. On the aggregated level, an additional per ...
A New Approach for Managing Operational Risk: Addressing the
A New Approach for Managing Operational Risk: Addressing the

... consistent with Modern ORM. These regulations describe risk as a measure of uncertainty (specified at a 99.5% confidence level for a one-year time horizon). In addition, the Solvency II “use test” requires that internal models must play an integral role in any organization’s system of governance and ...
Annual Report 2016 - Infineon Technologies
Annual Report 2016 - Infineon Technologies

... are expanding our portfolio with future-oriented technologies and are thus addressing future growth markets such as electro-mobility, renewable energies and next-generation cellular infrastructures for the Internet of Things. And what’s more: We are accelerating the market launch of these innovative ...
Bermuda Monetary Authority (Collective Investment Scheme
Bermuda Monetary Authority (Collective Investment Scheme

... Replacement of the manager Retirement of the manager C: Powers and Duties of the Custodian Appointment of the custodian Appointment of a sub-custodian Appointment of a co-custodian Supervision of the manager by the custodian Control by the custodian over the property of the scheme Custodian's duty t ...
EMPIRICAL INVESTIGATION OF DETERMINANT FACTORS OF
EMPIRICAL INVESTIGATION OF DETERMINANT FACTORS OF

... Announcement, 2011). On the other hand, Automated Touchstone Machine Limited, a case of forced delisting, was delisted from Singapore Stock Exchange in September 2008 due to internal control failure, which is caused by internal audit issue (Loon and Pica, 2010). In the most extreme cases, parent com ...
Financial Statements 2007 Fortis Bank
Financial Statements 2007 Fortis Bank

... Fortis Bank Consolidated Financial Statements 2007 ................................................................................................. 17 Consolidated balance sheet ......................................................................................................................... ...
Estimating the required return on equity
Estimating the required return on equity

... a) The ERA’s criteria are not part of the Rules. The Rules do not state that the Fama-French model must be considered if it satisfies the ERA’s criteria, the Rules state that the FamaFrench model must be considered if it is relevant. That is, the question is not whether the Fama-French model is the ...
AnnuAl RepoRt
AnnuAl RepoRt

... and earnings attributable to shareholders of between EUR 0.5 million and EUR 3.5 million. However, due to the still continuing dispute over the control of the Constantin Medien Group’s companies, the various legal disputes as well as the effects of a possible sale of the shares in Sport1 GmbH and Sp ...
Forms of Benefit Payment at Retirement
Forms of Benefit Payment at Retirement

... assumption of risk by the retiree can differ radically between the various payment forms. Regulators continue to search for optimal risk-sharing arrangements. Many of the reformed systems are still in the transition stage, and new systems have not even reached the decumulation or payout phase. For e ...
How Do Mergers Create Value? A Comparison of Taxes, Market
How Do Mergers Create Value? A Comparison of Taxes, Market

... reductions in investments. If mergers are undertaken due to tax reasons, we will expect them to create value primarily due to financial synergies. In contrast, mergers that result primarily in increased market power for the merging firms would create higher operating profits due to revenue increases/co ...
Managerial Risk-Taking and CEO Excess Compensation
Managerial Risk-Taking and CEO Excess Compensation

Does the use of peer groups contribute to higher pay and less
Does the use of peer groups contribute to higher pay and less

... better explains the economic motivation for the use of competitive benchmarking. We begin by providing some analysis on the prevalence of this practice. We review compensation committee reports of 100 firms chosen randomly from the Standard and Poor’s (S&P) 500 index in 1997 and find that benchmarking ...
Correlations Between Corporate Governance
Correlations Between Corporate Governance

... better financial performance and market value for their companies (Al-Matari, Al-Swidi, & Fadzil, 2014; Ghazali, 2010; Meesiri, 2014). A robust system of corporate governance is considered an important tool for mitigating the conflict of interests between stakeholders and management (Pandya, 2011). ...
PLAN I: the case for innovation–led growth
PLAN I: the case for innovation–led growth

... social innovators to geeks. At present their voice is largely missing from economic debates. The issues they are concerned with were scarcely mentioned in the ruling Coalition agreement, or the previous government’s economic programme. They are absent from the dialogue between government and financi ...
State-Owned Enterprises
State-Owned Enterprises

... crisis within and across supply chains. But equally, there is a risk that state ownership can destroy value if best practices in ownership and management are not applied: of most concern to CEOs in our Pulse survey are issues of corruption, bribery and inefficiency. Although there are many different ...
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Investment management

Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds).The term asset management is often used to refer to the investment management of collective investments, while the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management often within the context of so-called ""private banking"".The provision of investment management services includes elements of financial statement analysis, asset selection, stock selection, plan implementation and ongoing monitoring of investments. Coming under the remit of financial services many of the world's largest companies are at least in part investment managers and employ millions of staff.Fund manager (or investment advisor in the United States) refers to both a firm that provides investment management services and an individual who directs fund management decisions.According to a Boston Consulting Group study, the assets managed professionally for fees reached an all-time high of US$62.4 trillion in 2012, after remaining flat-lined since 2007. Furthermore, these industry assets under management were expected to reach US$70.2 trillion at the end of 2013 as per a Cerulli Associates estimate.The global investment management industry is highly concentrated in nature, in a universe of about 70,000 funds roughly 99.7% of the US fund flows in 2012 went into just 185 funds. Additionally, a majority of fund managers report that more than 50% of their inflows go to just three funds.
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