Guaranteed returns with the benefit of Tax-Deferral
... Are your clients who are at or near retirement concerned about market risk? Do they worry about how changing interest rates may affect their ability to fund a secure retirement? Are they concerned about making sure that they have steadily growing, predictable retirement savings? The Commonwealth Mul ...
... Are your clients who are at or near retirement concerned about market risk? Do they worry about how changing interest rates may affect their ability to fund a secure retirement? Are they concerned about making sure that they have steadily growing, predictable retirement savings? The Commonwealth Mul ...
Guidance on the Critical Functions Report
... While other less-significant institutions are not covered, the SRB encourages NRAs to use the same format to collect the necessary information for resolution planning. ...
... While other less-significant institutions are not covered, the SRB encourages NRAs to use the same format to collect the necessary information for resolution planning. ...
Financial Cycles with Heterogeneous Intermediaries
... systemic risk) is non-monotonic. We explain here the basic economic intuition behind the workings of the model. Our model features an endogenous non-linearity in the trade-off between monetary policy (which affects the funding costs of intermediaries) and financial stability. When the level of inter ...
... systemic risk) is non-monotonic. We explain here the basic economic intuition behind the workings of the model. Our model features an endogenous non-linearity in the trade-off between monetary policy (which affects the funding costs of intermediaries) and financial stability. When the level of inter ...
O Countercyclical Capital Regulation: Should Bank Regulators Use Rules or
... causes, it provided support for a long-held view of many analysts and bank regulators that micro-prudential regulation of bank capital may have a procyclical effect on the business cycle—that is, capital regulation may contribute to amplification of the business cycle by magnifying or even inducing ...
... causes, it provided support for a long-held view of many analysts and bank regulators that micro-prudential regulation of bank capital may have a procyclical effect on the business cycle—that is, capital regulation may contribute to amplification of the business cycle by magnifying or even inducing ...
Critique of accommodating central bank policies and the
... real interest) rates from monetary and inflation issues. For example, Weidmann (2014b) notes that “What monetary accommodation definitely cannot do is tackle the root causes of low growth potential in the euro area – the structural barriers that hamper competition, innovation, and hence productivity ...
... real interest) rates from monetary and inflation issues. For example, Weidmann (2014b) notes that “What monetary accommodation definitely cannot do is tackle the root causes of low growth potential in the euro area – the structural barriers that hamper competition, innovation, and hence productivity ...
Metro Manila Property Outlook
... from the oil prices crash, further fueling market performance. As the country is heavily reliant on private transportation, the savings are expected to immediately increase disposable incomes. In fact, the market is already responding to the strong demand with the establishment of several new retail ...
... from the oil prices crash, further fueling market performance. As the country is heavily reliant on private transportation, the savings are expected to immediately increase disposable incomes. In fact, the market is already responding to the strong demand with the establishment of several new retail ...
Metro Manila | Property Outlook 2015
... from the oil prices crash, further fueling market performance. As the country is heavily reliant on private transportation, the savings are expected to immediately increase disposable incomes. In fact, the market is already responding to the strong demand with the establishment of several new retail ...
... from the oil prices crash, further fueling market performance. As the country is heavily reliant on private transportation, the savings are expected to immediately increase disposable incomes. In fact, the market is already responding to the strong demand with the establishment of several new retail ...
Development of Simulation based Model to quantify the degree of
... globally, banks must manage their liquidity gap. The concept of liquidity risk has emerged as the new problem for such banks and must be measured and managed. The paper looks at the process of developing a measurement framework using ‘BlackScholes’ and ‘Merton’s Asset Based’ models to measure liquid ...
... globally, banks must manage their liquidity gap. The concept of liquidity risk has emerged as the new problem for such banks and must be measured and managed. The paper looks at the process of developing a measurement framework using ‘BlackScholes’ and ‘Merton’s Asset Based’ models to measure liquid ...
Bulletin Contents Volume 76 No. 4, December 2013
... The global financial crisis galvanised debate about how monetary policy should respond to financial system developments. This debate is not particularly ...
... The global financial crisis galvanised debate about how monetary policy should respond to financial system developments. This debate is not particularly ...
Custody of Client Assets
... Reports to the SEC are required within one business day of finding any material discrepancy during the examination. ...
... Reports to the SEC are required within one business day of finding any material discrepancy during the examination. ...
MFS MERIDIAN ® FUNDS ― GLOBAL - fund
... and the timing of payment of principal and interest. Emerging Markets Risk: Emerging markets can be more volatile and less liquid than more developed markets. Currency Risk: Changes in currency rates can significantly affect the value of your investment. Derivatives Risk: Derivatives can be highly v ...
... and the timing of payment of principal and interest. Emerging Markets Risk: Emerging markets can be more volatile and less liquid than more developed markets. Currency Risk: Changes in currency rates can significantly affect the value of your investment. Derivatives Risk: Derivatives can be highly v ...
“Risk-Free” Liabilities: Efficient Pension Management Requires The
... transferring liabilities currently requires the lesser capital3 of these two options, relatively few sponsors may have the opportunity to transfer liabilities because we estimate the annual U.S. annuity capacity to be less than 2 percent of outstanding U.S. corporate pension liabilities.4 Consequent ...
... transferring liabilities currently requires the lesser capital3 of these two options, relatively few sponsors may have the opportunity to transfer liabilities because we estimate the annual U.S. annuity capacity to be less than 2 percent of outstanding U.S. corporate pension liabilities.4 Consequent ...
External Sector
... Financial Derivatives item was subcategory of Portfolio Investments before, but with the very intensive development of the stock exchange in the world it became an independent item of the Financial Account. Financial Derivatives include following financial contracts: options, futures, swaps, forward ...
... Financial Derivatives item was subcategory of Portfolio Investments before, but with the very intensive development of the stock exchange in the world it became an independent item of the Financial Account. Financial Derivatives include following financial contracts: options, futures, swaps, forward ...
Romanian Banks – BANCA TRANSILVANIA
... high KPI for the year, which we do not estimate for BRD either. • On the other hand, looking at Q1’16 reported numbers, 30% of FY’16 budget seems to have been achieved (assuming provisioning rates - collective and specific on gross book remain constant by year-end), thus for B/S growth rates we tend ...
... high KPI for the year, which we do not estimate for BRD either. • On the other hand, looking at Q1’16 reported numbers, 30% of FY’16 budget seems to have been achieved (assuming provisioning rates - collective and specific on gross book remain constant by year-end), thus for B/S growth rates we tend ...
Financial Statement Analysis of Depository
... banks, cash items in the process of collection and reserve accounts with the Federal Reserve Traditionally banks attempt to keep this account as low as possible Primary reserves since it is banks first line of defense against withdraws Generate little income ...
... banks, cash items in the process of collection and reserve accounts with the Federal Reserve Traditionally banks attempt to keep this account as low as possible Primary reserves since it is banks first line of defense against withdraws Generate little income ...
Traditional Investment Alternatives (cont`d)
... • Maximizing potential returns by assuming some risk ...
... • Maximizing potential returns by assuming some risk ...
annual hyman p. minsky conference on the state of the us and world
... However, as Ross Levine said in 2005, “The goal of banking and financial development regulation should be to support and enhance sustainable economic growth, consistent with consumer protection that maintains the integrity of the markets. A large body of research suggests that a deep and developed f ...
... However, as Ross Levine said in 2005, “The goal of banking and financial development regulation should be to support and enhance sustainable economic growth, consistent with consumer protection that maintains the integrity of the markets. A large body of research suggests that a deep and developed f ...
A History of Money and Banking - Lecture 5 - cerge-ei
... *** Persson, Karl, (2010). An Economic History of Europe. Knowledge, Institutions and Growth, 600 to the Present. Cambridge University Press, Cambridge, UK. [Chapter 7: Money, Credit and Banking]. ...
... *** Persson, Karl, (2010). An Economic History of Europe. Knowledge, Institutions and Growth, 600 to the Present. Cambridge University Press, Cambridge, UK. [Chapter 7: Money, Credit and Banking]. ...
Why Capital Markets Matter
... are confused at best—and dubious at worst—about the value that capital markets provide to our economy. Unlike manufacturers or retailers, the financial sector— now 8.4% of our economy—does not produce tangible products, which often renders them an enigma.1 This primer seeks to unravel that riddle an ...
... are confused at best—and dubious at worst—about the value that capital markets provide to our economy. Unlike manufacturers or retailers, the financial sector— now 8.4% of our economy—does not produce tangible products, which often renders them an enigma.1 This primer seeks to unravel that riddle an ...
Important Information about Certificates of Deposit
... security from another investor or broker-dealer rather than the issuing entity. For further discussion of the secondary market, please see the “Secondary Market Risks” section. Market index CDs are appealing to many investors because, if held to maturity, a return of 100% of the original investment ...
... security from another investor or broker-dealer rather than the issuing entity. For further discussion of the secondary market, please see the “Secondary Market Risks” section. Market index CDs are appealing to many investors because, if held to maturity, a return of 100% of the original investment ...
Monetary Policy Report - No. 2 (14) • June 2016
... faced a more favourable situation than anticipated earlier (in the Monetary Policy Report issued in March). GDP decline slowed significantly, and there were signs of an imminent economic recovery phase. Such output dynamics occurred on the back of slowing inflation. In March, annual inflation decele ...
... faced a more favourable situation than anticipated earlier (in the Monetary Policy Report issued in March). GDP decline slowed significantly, and there were signs of an imminent economic recovery phase. Such output dynamics occurred on the back of slowing inflation. In March, annual inflation decele ...
alpha bank romania sa
... mandatory for accounting periods beginning on or after 1 January 2007 or later periods but which the Bank has not early adopted, as follows: – IFRS 7, Financial Instruments: Disclosures, and a complementary amendment to IAS 1, Presentation of Financial Statements – Capital Disclosures (effective for ...
... mandatory for accounting periods beginning on or after 1 January 2007 or later periods but which the Bank has not early adopted, as follows: – IFRS 7, Financial Instruments: Disclosures, and a complementary amendment to IAS 1, Presentation of Financial Statements – Capital Disclosures (effective for ...
Tilburg University The impact of Taxation on Bank
... this literature generally finds a positive relationship between the short run adjustments of capital and asset risk. We extend this literature by adding taxes to the determinants of target leverage and portfolio risk and, to the best of our knowledge, for the first time the simultaneous equations/pa ...
... this literature generally finds a positive relationship between the short run adjustments of capital and asset risk. We extend this literature by adding taxes to the determinants of target leverage and portfolio risk and, to the best of our knowledge, for the first time the simultaneous equations/pa ...
Information, Power, Credit Restrictions and international banking
... Whatsoever, even this is not sufficient to produce an equilibrium that is creditrationed. To do this the New Keynesian decisional apparatus (including asymmetric information) has to be based on the loanable funds theory. Banks need to obtain the funds that they lend first and have to obtain hoarding ...
... Whatsoever, even this is not sufficient to produce an equilibrium that is creditrationed. To do this the New Keynesian decisional apparatus (including asymmetric information) has to be based on the loanable funds theory. Banks need to obtain the funds that they lend first and have to obtain hoarding ...