The Impact of Regulation on Financial Services Industry Groups
... major Wall Street firms such as Lehman Brothers, Bear Stearns, Merrill Lynch, JPMorgan Chase, Citigroup, and Goldman Sachs which led to a vortex of plunging prices in the financial markets by early 2008. As Wilmarth Jr. (2009) points out, seventeen large universal banks accounted for more than half ...
... major Wall Street firms such as Lehman Brothers, Bear Stearns, Merrill Lynch, JPMorgan Chase, Citigroup, and Goldman Sachs which led to a vortex of plunging prices in the financial markets by early 2008. As Wilmarth Jr. (2009) points out, seventeen large universal banks accounted for more than half ...
I. MACROECONOMIC DEVELOPMENTS
... Contractors, insurers, credit rating agencies and investors in the process should be more transparent. Supervisory authorities should implement new regulations to encourage private sector initiatives for increasing access to information on underlying assets. The Report also states that investors sho ...
... Contractors, insurers, credit rating agencies and investors in the process should be more transparent. Supervisory authorities should implement new regulations to encourage private sector initiatives for increasing access to information on underlying assets. The Report also states that investors sho ...
Valuation: Introduction
... On a riskfree asset, the actual return is equal to the expected return. Therefore, there is no variance around the expected return. For an investment to be riskfree, then, it has to have ...
... On a riskfree asset, the actual return is equal to the expected return. Therefore, there is no variance around the expected return. For an investment to be riskfree, then, it has to have ...
Plain-Vanilla Interest Rate Swap
... 100 Mio. € bond investment (6y to maturity, 8% coupon). The bonds have been put on the assets side at their costs of purchase (100%). The financial management of A forcasts the interest rates to rise by 1% over the next year. years ...
... 100 Mio. € bond investment (6y to maturity, 8% coupon). The bonds have been put on the assets side at their costs of purchase (100%). The financial management of A forcasts the interest rates to rise by 1% over the next year. years ...
FINER S An attractive, securitized, tailor
... exclusive use of the recipient. It is not the result of a financial analysis and therefore is not subject to the “Directives on the Independence of Financial Research” issued by the Swiss Bankers Association. This document constitutes neither an offer nor a request by or on behalf of Credit Suisse t ...
... exclusive use of the recipient. It is not the result of a financial analysis and therefore is not subject to the “Directives on the Independence of Financial Research” issued by the Swiss Bankers Association. This document constitutes neither an offer nor a request by or on behalf of Credit Suisse t ...
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... The interests of large sponsors and their pension scheme trustees have become increasingly aligned as the need to control balance sheets and scheme liabilities becomes evermore pressing. The use of liability-driven investment has typically only been employed by these large schemes. However, medium-s ...
... The interests of large sponsors and their pension scheme trustees have become increasingly aligned as the need to control balance sheets and scheme liabilities becomes evermore pressing. The use of liability-driven investment has typically only been employed by these large schemes. However, medium-s ...
SUSTAINING FINANCING: DEVELOPMENT FINANCE
... instruments establishing them to enable them operate as universal or multi-purpose institutions capable of mobilizing deposits and offering banking services. As a matter of fact, DFIs need to be consolidated and their capitalization enhanced as done recently for commercial banks. The huge amount of ...
... instruments establishing them to enable them operate as universal or multi-purpose institutions capable of mobilizing deposits and offering banking services. As a matter of fact, DFIs need to be consolidated and their capitalization enhanced as done recently for commercial banks. The huge amount of ...
PDF - Mercatus Center
... during the Depression.2 Depositors would have been less likely to panic and withdraw funds from their banks if an insurance system had been in place as a backstop in the event of losses.3 However, as prior state deposit insurance systems had illustrated, deposit insurance also raises a moral hazard ...
... during the Depression.2 Depositors would have been less likely to panic and withdraw funds from their banks if an insurance system had been in place as a backstop in the event of losses.3 However, as prior state deposit insurance systems had illustrated, deposit insurance also raises a moral hazard ...
Capital Markets
... Investment banks and commercial banks provide the same service. They connect borrowers with lenders. ...
... Investment banks and commercial banks provide the same service. They connect borrowers with lenders. ...
the relationships between firms and banks: choosing
... When firms need to resort to external funding sources, most of them choose bank lending and only a few opt for issuing bonds or shares in the stock market. This hierarchy of financial decisions results from characteristics specific to financial markets, as its functioning is more affected by informa ...
... When firms need to resort to external funding sources, most of them choose bank lending and only a few opt for issuing bonds or shares in the stock market. This hierarchy of financial decisions results from characteristics specific to financial markets, as its functioning is more affected by informa ...
9b. agribusiness policy - Department of Agricultural Economics
... POLICY IMPACTS ON AGRIBUSINESS 1.TRADE POLICY – Free Trade: » Increased trade volume –exports and imports » Increased agribusiness functions – marketing margins » Increased agribusiness market power » Increased price variability ...
... POLICY IMPACTS ON AGRIBUSINESS 1.TRADE POLICY – Free Trade: » Increased trade volume –exports and imports » Increased agribusiness functions – marketing margins » Increased agribusiness market power » Increased price variability ...
Monetary Policy Statement December 2011 Contents
... As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of volatility in financial markets. There has also been a softening in international econ ...
... As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of volatility in financial markets. There has also been a softening in international econ ...
Financial Stability Report November 2005 Contents
... There are also financial channels. For example, a reassessment of risk pricing in Australia could be transmitted to New Zealand via the application of Australian parent banks’ credit policies to their New Zealand subsidiaries. Also, the margin between riskless government bonds and interest rate swaps ...
... There are also financial channels. For example, a reassessment of risk pricing in Australia could be transmitted to New Zealand via the application of Australian parent banks’ credit policies to their New Zealand subsidiaries. Also, the margin between riskless government bonds and interest rate swaps ...
New Zealand and the Financial Crisis of 2008
... international investment position (which is very high by international standards – see Bedford, 2008) highlight a risk for the New Zealand economy, one which is aggravated by the relatively higher proportion of debt (subject to repayment on maturity) rather than equity in the international invest ...
... international investment position (which is very high by international standards – see Bedford, 2008) highlight a risk for the New Zealand economy, one which is aggravated by the relatively higher proportion of debt (subject to repayment on maturity) rather than equity in the international invest ...
Introduction to Economics
... O’Sullivan and Sheffrin, Ch. 20, “The Big Ideas in Macroeconomics” emphasis: measuring the ouput of the economy, unemployment, inflation O’Sullivan and Sheffrin, Ch. 21, “Behind the Economic Statistics” ...
... O’Sullivan and Sheffrin, Ch. 20, “The Big Ideas in Macroeconomics” emphasis: measuring the ouput of the economy, unemployment, inflation O’Sullivan and Sheffrin, Ch. 21, “Behind the Economic Statistics” ...
Financial Stability Report May 2010 Contents
... from the legacy of impaired assets. Ongoing deleveraging by ...
... from the legacy of impaired assets. Ongoing deleveraging by ...
Deepening diversification in trust portfolios
... market bottoms, an impulse that can turn a temporary bout of market volatility into a permanent portfolio loss. Fund researcher DALBAR, Inc., publishes an annual study that puts the average holding period for stock and bond mutual funds at little more than three years. The result of all this gratuit ...
... market bottoms, an impulse that can turn a temporary bout of market volatility into a permanent portfolio loss. Fund researcher DALBAR, Inc., publishes an annual study that puts the average holding period for stock and bond mutual funds at little more than three years. The result of all this gratuit ...
Basic principles for the execution of orders in financial instruments
... new securities. In particular but not limited to the new issue of bonds, shares and structured products as well as the subscription and redemption of funds. Trading venue – is an RM, MTF or OTF. OTC – means the execution of financial instruments outside a trading venue. ...
... new securities. In particular but not limited to the new issue of bonds, shares and structured products as well as the subscription and redemption of funds. Trading venue – is an RM, MTF or OTF. OTC – means the execution of financial instruments outside a trading venue. ...
Currency Depreciation, Speculation, Economic fundamentals
... increasing the proportion of foreign currency. When national monetary authorities are not able to defend the domestic currency, depreciation sets in. Alves et al. (2000) explained that speculative attack on a currency can also happen as a result of foreseeable future deterioration in macroeconomic f ...
... increasing the proportion of foreign currency. When national monetary authorities are not able to defend the domestic currency, depreciation sets in. Alves et al. (2000) explained that speculative attack on a currency can also happen as a result of foreseeable future deterioration in macroeconomic f ...
January_2012 1.4 MB
... With polling showing 70 to 80 percent of Americans are deeply unhappy with the direction of the country and hyper-sensitive to more borrowing and spending schemes, the typical tools a president has to gin up the economy won’t likely squeak through the GOP controlled House OR a re-election conscious ...
... With polling showing 70 to 80 percent of Americans are deeply unhappy with the direction of the country and hyper-sensitive to more borrowing and spending schemes, the typical tools a president has to gin up the economy won’t likely squeak through the GOP controlled House OR a re-election conscious ...
Hoover
... • Margin purchase... • PANIC selling to avoid loses • Confidence in the market is replaced with fear…No demand for stock • The availability of credit for business allows for over expansion... • Over production • The banking system collapses... • Lack of government regulation… ...
... • Margin purchase... • PANIC selling to avoid loses • Confidence in the market is replaced with fear…No demand for stock • The availability of credit for business allows for over expansion... • Over production • The banking system collapses... • Lack of government regulation… ...
Networking Solutions for the Financial Trading Industry
... Despite their increased prominence and growing weight in the national GDP of many countries (US, Canada, etc.), the road ahead for financial institutions and the financial trading ecosystem that surrounds them is not without challenges. We will focus on three main areas of concern. First, government ...
... Despite their increased prominence and growing weight in the national GDP of many countries (US, Canada, etc.), the road ahead for financial institutions and the financial trading ecosystem that surrounds them is not without challenges. We will focus on three main areas of concern. First, government ...
Towards a Sustainable Banking Sector—Malaysia
... were regarded as having a well-developed supervisory and regulatory framework. As a result, NPLs remained at only 4 percent of the total loans at the end of 1996. However, rapid credit expansion (particularly by smaller tier-2 financial institutions) to the property sector and to the stock market, a ...
... were regarded as having a well-developed supervisory and regulatory framework. As a result, NPLs remained at only 4 percent of the total loans at the end of 1996. However, rapid credit expansion (particularly by smaller tier-2 financial institutions) to the property sector and to the stock market, a ...
STRATEGIC PLANNING
... its products and businesses based on its specific skill and resources. A company with a balanced portfolio of products may still apply the wrong strategies to them. Investing in too many question marks at the same time may backfire, if none gets enough resources to provide the critical mass required ...
... its products and businesses based on its specific skill and resources. A company with a balanced portfolio of products may still apply the wrong strategies to them. Investing in too many question marks at the same time may backfire, if none gets enough resources to provide the critical mass required ...