ESRB/2014/1 - European Systemic Risk Board
... Empirical findings suggest that, for the majority of Member States, financial market prices displayed the best sig nalling qualities to indicate a materialisation of risks that warrant a prompt reduction or full release of the coun tercyclical capital buffer. Limited availability of sufficiently lon ...
... Empirical findings suggest that, for the majority of Member States, financial market prices displayed the best sig nalling qualities to indicate a materialisation of risks that warrant a prompt reduction or full release of the coun tercyclical capital buffer. Limited availability of sufficiently lon ...
First Quarter 2017 Report to Shareholders
... acquisition-related intangible assets and acquisition integration costs, was $281 million, up $106 million or 60% from a year ago. Traditional wealth reported net income of $162 million was up $37 million or 30% from a year ago and adjusted net income of $177 million was up $24 million or 16%, refle ...
... acquisition-related intangible assets and acquisition integration costs, was $281 million, up $106 million or 60% from a year ago. Traditional wealth reported net income of $162 million was up $37 million or 30% from a year ago and adjusted net income of $177 million was up $24 million or 16%, refle ...
BASE PROSPECTUS Standard Chartered Bank
... obtained. The CMB approval relating to the issuance of Notes based upon which any offering of the Notes will be conducted was obtained on June 24, 2014 and a tranche issuance certificate bearing the approval of the CMB is required to be obtained before each sale and issuance of Notes. The maximum de ...
... obtained. The CMB approval relating to the issuance of Notes based upon which any offering of the Notes will be conducted was obtained on June 24, 2014 and a tranche issuance certificate bearing the approval of the CMB is required to be obtained before each sale and issuance of Notes. The maximum de ...
hedge fund headlines mislead
... The benefits of hedge funds come with costs, however, of which investors should be aware. They may be well worth their fees, but they also require a deeper level of dedication, commitment, and research. Hedge funds are often less liquid than mutual funds; how illiquid depends on the fund. Some funds ...
... The benefits of hedge funds come with costs, however, of which investors should be aware. They may be well worth their fees, but they also require a deeper level of dedication, commitment, and research. Hedge funds are often less liquid than mutual funds; how illiquid depends on the fund. Some funds ...
2013-2 ESMA Report - Review of practices related to
... industries may generate lower cash flows than expected when these assets were acquired. This has increased the likelihood that the carrying amount of the non-financial assets is greater than their recoverable amount and that impairment losses are required. ESMA found that significant impairment loss ...
... industries may generate lower cash flows than expected when these assets were acquired. This has increased the likelihood that the carrying amount of the non-financial assets is greater than their recoverable amount and that impairment losses are required. ESMA found that significant impairment loss ...
0001053532-17-000022 - Lasalle Hotel Properties
... periods presented. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 due to seasonal and other factors. These consolidated financial statements should be read in conjunction with the au ...
... periods presented. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 due to seasonal and other factors. These consolidated financial statements should be read in conjunction with the au ...
Consultation paper - Ministry of Justice
... governing the assessment of damages which provide that injured persons should receive full compensation plaintiffs are entitled to such increased awards. If the law is to be changed it can only be done by Parliament which, unlike the judges, is in a position to balance the many social, financial and ...
... governing the assessment of damages which provide that injured persons should receive full compensation plaintiffs are entitled to such increased awards. If the law is to be changed it can only be done by Parliament which, unlike the judges, is in a position to balance the many social, financial and ...
Credit Default Swaps and Bank Regulatory Capital
... reserves by hedging credit risk exposure through CDS protection at a time when U.S. bank regulators were calling for revisions to the 1988 Basel capital accord (“Basel I”). In August 1996, the Federal Reserve Board issued a statement suggesting that banks should be allowed to reduce capital requirem ...
... reserves by hedging credit risk exposure through CDS protection at a time when U.S. bank regulators were calling for revisions to the 1988 Basel capital accord (“Basel I”). In August 1996, the Federal Reserve Board issued a statement suggesting that banks should be allowed to reduce capital requirem ...
One Hat Too Many? Investment Desegregation in Private Equity
... undoubtedly make financial sense for the fund managers, as they likely expand the manager’s expected profits while their diversification of strategies simultaneously reduces the managers’ risk. Desegregation, however, is not without significant pitfalls to investors in those managers’ funds. At the ...
... undoubtedly make financial sense for the fund managers, as they likely expand the manager’s expected profits while their diversification of strategies simultaneously reduces the managers’ risk. Desegregation, however, is not without significant pitfalls to investors in those managers’ funds. At the ...
ACCE 457b PLAN FALL MEETING
... more or less than the original cost. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal mutual funds are part of the Principal Funds, Inc. series. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Se ...
... more or less than the original cost. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal mutual funds are part of the Principal Funds, Inc. series. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Se ...
Feasibility Study For Commercial Cleaning Cooperative In
... feasibility study on behalf of the Urban Cooperative Development Task Force to explore the prospects for a commercial cleaning cooperative that would create quality employment opportunities for low-income residents in Washington, DC. The task force is seeking to create a business that will inform po ...
... feasibility study on behalf of the Urban Cooperative Development Task Force to explore the prospects for a commercial cleaning cooperative that would create quality employment opportunities for low-income residents in Washington, DC. The task force is seeking to create a business that will inform po ...
5. The impact of real interest rates in the euro area
... have been the aforementioned competitiveness channel (see Chapter IV) and the real interest rate channel (via real interest rate differences). Both channels are expected to work in opposite directions with the real interest rates channel being presumed to work pro-cyclically. An above-average increa ...
... have been the aforementioned competitiveness channel (see Chapter IV) and the real interest rate channel (via real interest rate differences). Both channels are expected to work in opposite directions with the real interest rates channel being presumed to work pro-cyclically. An above-average increa ...
Review of the Differentiated Nature and Scope of Financial Regulation
... At their 15 November 2008 meeting, the G-20 Leaders called for a review of the differentiated nature and scope of regulation in the banking, securities, and insurance sectors. This report responds to the following declaration: “The appropriate bodies should review the differentiated nature of regula ...
... At their 15 November 2008 meeting, the G-20 Leaders called for a review of the differentiated nature and scope of regulation in the banking, securities, and insurance sectors. This report responds to the following declaration: “The appropriate bodies should review the differentiated nature of regula ...
MFSA Guidance Note for Shariah Compliant Funds
... standards in the management of its assets. Members of the Shariah Advisory Board are to be independent from the Manager. The fund may opt to appoint a legal entity as a Shariah Advisor, which would in turn appoint a Shariah Advisory Board to carry out the above functions, and which may replace, at i ...
... standards in the management of its assets. Members of the Shariah Advisory Board are to be independent from the Manager. The fund may opt to appoint a legal entity as a Shariah Advisor, which would in turn appoint a Shariah Advisory Board to carry out the above functions, and which may replace, at i ...
Violating the law of one price: the role of non
... (Baba and Packer (2009), Coffey, Hrung, and Sarkar (2009) and Griffoli and Ranaldo (2009)), when wholesale funding sources came under extreme stress at the end of 2008 and 2011. To address this concern, we carry out two robustness exercises. First, we use the basis based on USD- and EUR- denominated ...
... (Baba and Packer (2009), Coffey, Hrung, and Sarkar (2009) and Griffoli and Ranaldo (2009)), when wholesale funding sources came under extreme stress at the end of 2008 and 2011. To address this concern, we carry out two robustness exercises. First, we use the basis based on USD- and EUR- denominated ...
Implications of Behavioural Economics for Mandatory
... responsible, there is also evidence that even when correcting such problems, individuals are sometimes unable or unwilling (or both) to select an investment portfolio that matches their risk and return preferences. Moreover, in order to be effective in preparing the general population, financial edu ...
... responsible, there is also evidence that even when correcting such problems, individuals are sometimes unable or unwilling (or both) to select an investment portfolio that matches their risk and return preferences. Moreover, in order to be effective in preparing the general population, financial edu ...
hpy stock
... between the anticipated rate of return for a given investment instrument and its degree of risk. between understanding the nature of a particular investment and having the opportunity to purchase it. between high returns available on single instruments and the diversification of instruments into a p ...
... between the anticipated rate of return for a given investment instrument and its degree of risk. between understanding the nature of a particular investment and having the opportunity to purchase it. between high returns available on single instruments and the diversification of instruments into a p ...
Financial Market Bottlenecks and the
... other natural monopolies, FMIs dominate the markets that they serve. For example, two credit card networks finance the lion’s share of consumer transactions,4 while SWIFT is the primary payment messaging system among banks.5 Prior to the financial crisis, little attention was paid to FMIs. They had ...
... other natural monopolies, FMIs dominate the markets that they serve. For example, two credit card networks finance the lion’s share of consumer transactions,4 while SWIFT is the primary payment messaging system among banks.5 Prior to the financial crisis, little attention was paid to FMIs. They had ...
The Challenge of Derivatives - The Fordham Law Archive of
... currency, and the rate may be slightly higher then the prevailing exchange rate at the time that X and Y sign their swap agreement. The agreement thus protects Y from exchange-rate risk, which X assumes in return for requiring Y to pay at a rate slightly higher than the prevailing exchange rate. Thu ...
... currency, and the rate may be slightly higher then the prevailing exchange rate at the time that X and Y sign their swap agreement. The agreement thus protects Y from exchange-rate risk, which X assumes in return for requiring Y to pay at a rate slightly higher than the prevailing exchange rate. Thu ...
Greene County Bancorp 10K - The Bank of Greene County
... changes in general market interest rates, general economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. Treasury and the Federal Reserve, changes in the quality or composition of Greene County Bancorp, Inc.’s loan and investment portfolios, deposit flows, ...
... changes in general market interest rates, general economic conditions, legislative and regulatory changes, monetary and fiscal policies of the U.S. Treasury and the Federal Reserve, changes in the quality or composition of Greene County Bancorp, Inc.’s loan and investment portfolios, deposit flows, ...
Affine Term Structure Modeling and Macroeconomic Risks at the
... Wright. The author also thanks participants to the 12th ESWC conference in Montreal, the 9th CFE international conference, Brown University econometrics seminar, CREST nancial econometrics seminar, Banque de France seminar, and students' nance, macroeconomics and econometrics seminars at NYU. ...
... Wright. The author also thanks participants to the 12th ESWC conference in Montreal, the 9th CFE international conference, Brown University econometrics seminar, CREST nancial econometrics seminar, Banque de France seminar, and students' nance, macroeconomics and econometrics seminars at NYU. ...
Central clearing: reaping the benefits, controlling the risks
... In order to ensure the robustness of the central clearing landscape as a whole, measures calibrated to individual CCPs may not be fully sufficient. In particular, CCPs all rely heavily on contributions, financial resources and liquidity provided by the same major banks (as clearing members and/or fi ...
... In order to ensure the robustness of the central clearing landscape as a whole, measures calibrated to individual CCPs may not be fully sufficient. In particular, CCPs all rely heavily on contributions, financial resources and liquidity provided by the same major banks (as clearing members and/or fi ...
Chapter 6 The Risk and Term Structure of Interest Rates
... Frederic S. Mishkin • Economics of Money, Banking, and Financial Markets, Seventh Edition ...
... Frederic S. Mishkin • Economics of Money, Banking, and Financial Markets, Seventh Edition ...
Payoff complementarities and financial fragility Evidence from
... We conduct our study using (open-end) mutual fund data. In mutual funds, investors have the right to redeem their shares at the fund’s daily-close net asset value (NAV) on any given day. As shown in previous studies (e.g., Edelen, 1999; Coval and Stafford, 2006), following substantial outflows, funds ...
... We conduct our study using (open-end) mutual fund data. In mutual funds, investors have the right to redeem their shares at the fund’s daily-close net asset value (NAV) on any given day. As shown in previous studies (e.g., Edelen, 1999; Coval and Stafford, 2006), following substantial outflows, funds ...
Efficiency Determinants and Dynamic Efficiency Changes in Latin
... region was accompanied by neither an effective regulatory and normative framework nor effective monitoring of Latin American banking systems. In many Latin American countries, a more competitive banking environment followed financial liberalization; but along with this increase in competition came a ...
... region was accompanied by neither an effective regulatory and normative framework nor effective monitoring of Latin American banking systems. In many Latin American countries, a more competitive banking environment followed financial liberalization; but along with this increase in competition came a ...