Complete Financial Statements (IFRS) - 1Q2017
... We have reviewed the accompanying consolidated interim balance sheet of Itaú Unibanco Holding S.A. and its subsidiaries ("Company") as at March 31, 2017, and the related consolidated statements of income, comprehensive income, changes in stockholders' equity and cash flows for the three-month period ...
... We have reviewed the accompanying consolidated interim balance sheet of Itaú Unibanco Holding S.A. and its subsidiaries ("Company") as at March 31, 2017, and the related consolidated statements of income, comprehensive income, changes in stockholders' equity and cash flows for the three-month period ...
Financial review Capital and risk management
... other factors, both external and relating to the RBS Group and the Group’s strategy or operations, which may result in the Group being unable to achieve the current targets, predictions, expectations and other anticipated outcomes expressed or implied by such forward-looking statements. In addition ...
... other factors, both external and relating to the RBS Group and the Group’s strategy or operations, which may result in the Group being unable to achieve the current targets, predictions, expectations and other anticipated outcomes expressed or implied by such forward-looking statements. In addition ...
Asset Valuation Policy
... If the STC Board, its Investment Committee, Risk, Audit and Compliance Committee or STC’s management determines, a full independent valuation may be conducted in response to events that have the potential to materially change an asset’s or group of assets’ value. The resulting valuation(s) will be u ...
... If the STC Board, its Investment Committee, Risk, Audit and Compliance Committee or STC’s management determines, a full independent valuation may be conducted in response to events that have the potential to materially change an asset’s or group of assets’ value. The resulting valuation(s) will be u ...
Household Debt, Adjustable-Rate Mortgages, and the Shock
... Theory predicts that the adverse effects of increases in the risk-free rate on homeowners’ default rates would be significantly stronger if interest rates paid on mortgages were variable and initial household debt burden were higher. Given the direct negative relationship between these default rates ...
... Theory predicts that the adverse effects of increases in the risk-free rate on homeowners’ default rates would be significantly stronger if interest rates paid on mortgages were variable and initial household debt burden were higher. Given the direct negative relationship between these default rates ...
Household Debt, Adjustable-Rate Mortgages
... Theory predicts that the adverse effects of increases in the risk-free rate on homeowners’ default rates would be significantly stronger if interest rates paid on mortgages were variable and initial household debt burden were higher. Given the direct negative relationship between these default rates ...
... Theory predicts that the adverse effects of increases in the risk-free rate on homeowners’ default rates would be significantly stronger if interest rates paid on mortgages were variable and initial household debt burden were higher. Given the direct negative relationship between these default rates ...
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... 1. What and why of financial instability? Financial stability refers to the stability of the overall financial sector as well as stability of individual financial institutions. The subject is important because finance affects the economy and its participants in multiple ways. A disruption in financ ...
... 1. What and why of financial instability? Financial stability refers to the stability of the overall financial sector as well as stability of individual financial institutions. The subject is important because finance affects the economy and its participants in multiple ways. A disruption in financ ...
Essentials of Financial Risk Management
... Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merc ...
... Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merc ...
Credit Where it Counts: The Community Reinvestment Act and its
... low-income communities. Economic theories predict that low-income communities generally would have lower access to capital than they would in a fully functioning market because of market failures, in addition to discrimination. For example, information externalities, which prevent lenders from fully ...
... low-income communities. Economic theories predict that low-income communities generally would have lower access to capital than they would in a fully functioning market because of market failures, in addition to discrimination. For example, information externalities, which prevent lenders from fully ...
www.gloomboomdoom.com
... Expansionary Monetary, which caused the current credit crisis in the first place are the wrong medicine to solve the current problems. But, what options does the Fed have with a total credit market debt to GDP of almost 370%? Have central bankers become hostage to inflated asset markets? Will tight ...
... Expansionary Monetary, which caused the current credit crisis in the first place are the wrong medicine to solve the current problems. But, what options does the Fed have with a total credit market debt to GDP of almost 370%? Have central bankers become hostage to inflated asset markets? Will tight ...
OCC Rule Filing No. SR-OCC-2017-803
... Existing Facility, OCC must pledge as collateral certain cash or securities that Clearing Members have contributed to the Clearing Fund or deposited as margin. The Summary of Terms and Conditions for the New Facility contemplates that it will expand the scope of such collateral that OCC may pledge t ...
... Existing Facility, OCC must pledge as collateral certain cash or securities that Clearing Members have contributed to the Clearing Fund or deposited as margin. The Summary of Terms and Conditions for the New Facility contemplates that it will expand the scope of such collateral that OCC may pledge t ...
Banco do Brasil S.A. U.S.$1,000,000,000 Global Medium
... Application has been made to list the Notes under the Program on the Official List of the Luxembourg Stock Exchange and for such Notes to be admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. The Bank may apply to, but is not obliged to, admit the Notes to be issued under t ...
... Application has been made to list the Notes under the Program on the Official List of the Luxembourg Stock Exchange and for such Notes to be admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. The Bank may apply to, but is not obliged to, admit the Notes to be issued under t ...
Fixed Income Analysis: Securities, Pricing, and Risk
... 12.2 Traditional measures of interest rate risk . . . . . . . . . . . . . . . . . . . . . . . . 261 12.2.1 Macaulay duration and convexity . . . . . . . . . . . . . . . . . . . . . . . . 261 12.2.2 The Fisher-Weil duration and convexity . . . . . . . . . . . . . . . . . . . . 263 12.2.3 The no-arbit ...
... 12.2 Traditional measures of interest rate risk . . . . . . . . . . . . . . . . . . . . . . . . 261 12.2.1 Macaulay duration and convexity . . . . . . . . . . . . . . . . . . . . . . . . 261 12.2.2 The Fisher-Weil duration and convexity . . . . . . . . . . . . . . . . . . . . 263 12.2.3 The no-arbit ...
Active CDS Trading and Managers` Voluntary Disclosure
... of the CDS market – informed trading by lenders – results in a positive externality for capital markets by eliciting enhanced voluntary disclosures from CDS reference entities. Large financial institutions trade in the CDS market to satisfy their hedging and speculative needs. They also serve as dea ...
... of the CDS market – informed trading by lenders – results in a positive externality for capital markets by eliciting enhanced voluntary disclosures from CDS reference entities. Large financial institutions trade in the CDS market to satisfy their hedging and speculative needs. They also serve as dea ...
risk management five years after the crisis
... respondents reported an increase in focus in the past 12 months, with risk appetite being the area of greatest influence. • As boards’ risk mandates continue to grow, 34% of respondents’ boards have added members with increased risk expertise in the past year, and 60% have programs in place to trai ...
... respondents reported an increase in focus in the past 12 months, with risk appetite being the area of greatest influence. • As boards’ risk mandates continue to grow, 34% of respondents’ boards have added members with increased risk expertise in the past year, and 60% have programs in place to trai ...
SSQ GUARANTEED INVESTMENT FUND GUARANTEES
... such as indicated below. Subsequent contributions made to the same contract do not affect the maturity date. The application date of the guarantee upon maturity is established separately for each contract. For example, John contributes for the first time at age 62 and two months. His maturity date i ...
... such as indicated below. Subsequent contributions made to the same contract do not affect the maturity date. The application date of the guarantee upon maturity is established separately for each contract. For example, John contributes for the first time at age 62 and two months. His maturity date i ...
Asset Prices and Unit Trusts
... the more familiar problems of size, power and other data issues in applied work – this should be of interest to economists generally and not just specialists in the mutual fund area. The second key issue is whether abnormal fund performance can be identified ex-ante and for how long it persists in t ...
... the more familiar problems of size, power and other data issues in applied work – this should be of interest to economists generally and not just specialists in the mutual fund area. The second key issue is whether abnormal fund performance can be identified ex-ante and for how long it persists in t ...
The relationship between government bond yields and the market
... Australia has a low ratio of government debt to GDP, whereas there is substantial demand for Australian government bonds from foreign investors and banks (who require high quality liquid assets to meet new banking regulations). ...
... Australia has a low ratio of government debt to GDP, whereas there is substantial demand for Australian government bonds from foreign investors and banks (who require high quality liquid assets to meet new banking regulations). ...
Appendix III: Credit Growth OLS Regression, Summary Statistics
... In 2013, an agreement between the South African Minister of Finance and the biggest banks in the country tightened unsecured credit lending in an attempt to lower risk. However, in August 2014, African Bank Limited, the biggest unsecured credit lender in the country, went into curatorship due to mas ...
... In 2013, an agreement between the South African Minister of Finance and the biggest banks in the country tightened unsecured credit lending in an attempt to lower risk. However, in August 2014, African Bank Limited, the biggest unsecured credit lender in the country, went into curatorship due to mas ...
Not All Benchmarks Are Created Equal
... rates or prices. Neither the information, recommendations or opinions expressed herein constitutes an offer to buy or sell any securities, futures, options, or investment products on your behalf. Unless otherwise stated, any pricing information in this document is indicative only, is subject to chan ...
... rates or prices. Neither the information, recommendations or opinions expressed herein constitutes an offer to buy or sell any securities, futures, options, or investment products on your behalf. Unless otherwise stated, any pricing information in this document is indicative only, is subject to chan ...
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... to their conventional counterparts on various measures such as efficiency and profitability. Capital market products such as Islamic mutual funds have also been the subject of recent research. In order to achieve favorable outcomes for the industry, it is important to empirically explore and determi ...
... to their conventional counterparts on various measures such as efficiency and profitability. Capital market products such as Islamic mutual funds have also been the subject of recent research. In order to achieve favorable outcomes for the industry, it is important to empirically explore and determi ...
Does Financial Development Volatility Affect Industrial Growth
... external dependence (in jth industry) and financial development (in kth country) along with other controls, Larrain (2006) finds a significantly negative coefficient on the interaction term, arguing that lower volatility output occurs in sectors with higher external dependence and in countries with ...
... external dependence (in jth industry) and financial development (in kth country) along with other controls, Larrain (2006) finds a significantly negative coefficient on the interaction term, arguing that lower volatility output occurs in sectors with higher external dependence and in countries with ...
citigroup`s 2008 annual report on form 10-k
... Citicorp net income of $3.7 billion in the second quarter of 2011 declined 2% from the prior-year period. Year-over-year, revenues declined less than 1%, and lower net credit losses and a higher net loan loss reserve release more than offset an increase in operating expenses. Citicorp‘s internationa ...
... Citicorp net income of $3.7 billion in the second quarter of 2011 declined 2% from the prior-year period. Year-over-year, revenues declined less than 1%, and lower net credit losses and a higher net loan loss reserve release more than offset an increase in operating expenses. Citicorp‘s internationa ...
The relative asset pricing model
... retail investors with implicit liabilities). Through a unique accounting ruling, U.S. public pension funds have their expected target rate of return, say 7.5% per annum, as their effective but implicit liability, which is then translated back to an SAA of multiple assets;12 retail investors behave m ...
... retail investors with implicit liabilities). Through a unique accounting ruling, U.S. public pension funds have their expected target rate of return, say 7.5% per annum, as their effective but implicit liability, which is then translated back to an SAA of multiple assets;12 retail investors behave m ...
February 26, 2013 VIA ELECTRONIC MAIL Mr. Gary Barnett
... Some funds, on the other hand, are not commonly considered to be “funds of funds.” Some of these funds invest a relatively small portion of their assets in one or more underlying funds to gain exposure to an asset class or strategy in a more efficient manner, with a majority of their assets invested ...
... Some funds, on the other hand, are not commonly considered to be “funds of funds.” Some of these funds invest a relatively small portion of their assets in one or more underlying funds to gain exposure to an asset class or strategy in a more efficient manner, with a majority of their assets invested ...
collective investment schemes in emerging markets
... The aim of this research paper therefore was to evaluate the effectiveness of the regulatory framework for Collective Investment Schemes in protecting investors in Uganda. Specifically, the study sought to study the legal and governance structures of the different types of CIS in Uganda, establish w ...
... The aim of this research paper therefore was to evaluate the effectiveness of the regulatory framework for Collective Investment Schemes in protecting investors in Uganda. Specifically, the study sought to study the legal and governance structures of the different types of CIS in Uganda, establish w ...