Stock market liquidity and firm value
... to disguise private information and profit from it. The higher information flow that results from higher liquidity increases the signal-to-noise ratio in stock prices which increases the gain from using stock-based compensation. We do not find support for other agency-based operating performance theori ...
... to disguise private information and profit from it. The higher information flow that results from higher liquidity increases the signal-to-noise ratio in stock prices which increases the gain from using stock-based compensation. We do not find support for other agency-based operating performance theori ...
Nordea Annual Report 2016
... Towards the summer, Retail Banking was divided into two new business areas – Personal Banking and Commercial & Business Banking. This change will adapt the organisation more clearly to different customer needs, sharpen customer focus and strengthen execution capacity in each of the two new business ...
... Towards the summer, Retail Banking was divided into two new business areas – Personal Banking and Commercial & Business Banking. This change will adapt the organisation more clearly to different customer needs, sharpen customer focus and strengthen execution capacity in each of the two new business ...
BDC`s 2016 Annual Report
... I am happy to report that BDC has made some important contributions to the government’s priorities. BDC deployed $5.1 billion in financing and made 14,600 transactions to help business owners create and grow their firms, develop and expand their markets, invest in information technology and other in ...
... I am happy to report that BDC has made some important contributions to the government’s priorities. BDC deployed $5.1 billion in financing and made 14,600 transactions to help business owners create and grow their firms, develop and expand their markets, invest in information technology and other in ...
Alterna Savings and Credit Union Limited
... If fully subscribed, the gross proceeds of this issue will be $35,000,000. The costs of issuing these securities are not expected to exceed $350,000, and these costs, approximating $298,000 after applicable tax savings, will be netted against the shares’ value in members’ equity. The estimated maxim ...
... If fully subscribed, the gross proceeds of this issue will be $35,000,000. The costs of issuing these securities are not expected to exceed $350,000, and these costs, approximating $298,000 after applicable tax savings, will be netted against the shares’ value in members’ equity. The estimated maxim ...
Discussion Paper - Australian Prudential Regulation Authority
... implement a package of reforms to strengthen the liquidity framework for authorised deposit-taking institutions (ADIs) in Australia. These reforms give effect to the measures announced by the Basel Committee on Banking Supervision in December 2010 to strengthen liquidity buffers so as to promote a m ...
... implement a package of reforms to strengthen the liquidity framework for authorised deposit-taking institutions (ADIs) in Australia. These reforms give effect to the measures announced by the Basel Committee on Banking Supervision in December 2010 to strengthen liquidity buffers so as to promote a m ...
Form 10-K Six Flags Entertainment Corp
... Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ...
... Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ...
International Finance Corporation
... The Corporation is subject to certain information requirements of Regulation IFC, promulgated by the Commission under the United States International Finance Corporation Act of 1955, as amended, and in accordance therewith files with the Commission its unaudited quarterly and audited annual financia ...
... The Corporation is subject to certain information requirements of Regulation IFC, promulgated by the Commission under the United States International Finance Corporation Act of 1955, as amended, and in accordance therewith files with the Commission its unaudited quarterly and audited annual financia ...
Derivatives: A Twenty-First Century Understanding
... financial instruments whose value is derived from the performance of a secondary source such as an underlying bond, commodity, or index. This definition is both over-inclusive and under-inclusive. Thus, not surprisingly, even many policy makers, regulators, and legal analysts misunderstand them. It ...
... financial instruments whose value is derived from the performance of a secondary source such as an underlying bond, commodity, or index. This definition is both over-inclusive and under-inclusive. Thus, not surprisingly, even many policy makers, regulators, and legal analysts misunderstand them. It ...
2016 年 11 月 1 日~2017 年 4 月 30 日
... This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency ...
... This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency ...
FORM 20-F GRUPO FINANCIERO SANTANDER MÉXICO, S.A.B. de
... Indicate the number of outstanding shares of each of the issuer’s classes of capital stock or common stock as of the close of the period covered by the annual report. Series B shares: 3,322,085,768 Series F shares: 3,464,309,145 Indicate by check mark if the registrant is a well-known seasoned issue ...
... Indicate the number of outstanding shares of each of the issuer’s classes of capital stock or common stock as of the close of the period covered by the annual report. Series B shares: 3,322,085,768 Series F shares: 3,464,309,145 Indicate by check mark if the registrant is a well-known seasoned issue ...
NATIONAL WESTMINSTER BANK PLC /ENG/ (Form: 6-K
... agencies, creditors and other stakeholders of the credit strength of some of the RFB entities (including the Bank) or other RBS Group entities outside the RFB on a standalone basis and the ability of the RFB (of which the Group will be part) to meet funding and capital prudential requirements will b ...
... agencies, creditors and other stakeholders of the credit strength of some of the RFB entities (including the Bank) or other RBS Group entities outside the RFB on a standalone basis and the ability of the RFB (of which the Group will be part) to meet funding and capital prudential requirements will b ...
International Bank for Reconstruction and Development
... in U.S dollars and euros. IBRD also supports its borrowers by providing access to risk management tools such as derivative instruments, including currency and interest rate swaps and interest rate caps and collars. IBRD’s loans are financed through its equity, and from borrowings raised in the capit ...
... in U.S dollars and euros. IBRD also supports its borrowers by providing access to risk management tools such as derivative instruments, including currency and interest rate swaps and interest rate caps and collars. IBRD’s loans are financed through its equity, and from borrowings raised in the capit ...
(PDF 4.7 MB)
... for safe custody and administration must in any case request the required certification in writing from any of the Bank’s branches during the hours they are open to the public. Alternatively they may go in person to the Members’ Secretariat in Piazza Filippo Meda 4, Milan between 9:00 a.m. and 1:30 ...
... for safe custody and administration must in any case request the required certification in writing from any of the Bank’s branches during the hours they are open to the public. Alternatively they may go in person to the Members’ Secretariat in Piazza Filippo Meda 4, Milan between 9:00 a.m. and 1:30 ...
Do Credit Derivatives Lower the Value of Creditor Control Rights
... fifteen years has been accompanied by arguments about how they are likely to affect the enforcement of debt contracts, especially bank loans. Although CDS may allow banks to control their risk more cheaply, offloading risk may also undermine banks’ incentives to monitor loans efficiently ex post (se ...
... fifteen years has been accompanied by arguments about how they are likely to affect the enforcement of debt contracts, especially bank loans. Although CDS may allow banks to control their risk more cheaply, offloading risk may also undermine banks’ incentives to monitor loans efficiently ex post (se ...
Credit default swaps around the world: Investment and
... considered more creditor-friendly. For plausible parameter values, we demonstrate that the introduction of CDS increases debt capacity more in regimes with less uncertainty regarding credit events, as well as in environments with lower liquidation cost, weaker contract enforceability and greater con ...
... considered more creditor-friendly. For plausible parameter values, we demonstrate that the introduction of CDS increases debt capacity more in regimes with less uncertainty regarding credit events, as well as in environments with lower liquidation cost, weaker contract enforceability and greater con ...
six flags entertainment corporation
... Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. ...
... Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. ...
Subnational Capital Markets in Developing Countries
... what has worked, what has not, and why. As decentralization continues and urbanization spreads, local authorities need to provide more services with fewer resources from the central government. Subnational borrowing, leveraging on reliable cash flows and prudent fiscal management, can be an alternat ...
... what has worked, what has not, and why. As decentralization continues and urbanization spreads, local authorities need to provide more services with fewer resources from the central government. Subnational borrowing, leveraging on reliable cash flows and prudent fiscal management, can be an alternat ...
CMS Energy Corporation
... This prospectus, the applicable prospectus supplement and any free writing prospectus we authorize contains and incorporates by reference information that you should consider when making your investment decision. We have not authorized anyone to provide you with different information. You should not ...
... This prospectus, the applicable prospectus supplement and any free writing prospectus we authorize contains and incorporates by reference information that you should consider when making your investment decision. We have not authorized anyone to provide you with different information. You should not ...
American International Group, Inc.
... and, to a lesser extent, investments in high yield bonds, common stock, real estate, hedge funds and other alternative investments. The majority of assets backing our insurance liabilities consist of intermediate and long duration fixed maturity securities. Non-Life Insurance Companies — Fixed matur ...
... and, to a lesser extent, investments in high yield bonds, common stock, real estate, hedge funds and other alternative investments. The majority of assets backing our insurance liabilities consist of intermediate and long duration fixed maturity securities. Non-Life Insurance Companies — Fixed matur ...
Estimating the Effects of Foreclosure Counseling for Troubled Borrowers Assistant Professor
... initial session typically lasts one hour. After the initial session, clients may attend one or more additional sessions. Telephone-based counseling sessions tend to be shorter, and face-to-face sessions tend to run longer [7]. The US Federal government provided $50 million for all types of housing c ...
... initial session typically lasts one hour. After the initial session, clients may attend one or more additional sessions. Telephone-based counseling sessions tend to be shorter, and face-to-face sessions tend to run longer [7]. The US Federal government provided $50 million for all types of housing c ...
Hot debt market - Adverse selection costs as a debt issue driver
... financing with all the listing news, debt issuance market actually covers a substantial part of all the capital raisings globally as can be seen in Figure 1. This is even after excluding the debt issues by financial firms that dominate the bond market; in 2010 bonds outstanding of financial institut ...
... financing with all the listing news, debt issuance market actually covers a substantial part of all the capital raisings globally as can be seen in Figure 1. This is even after excluding the debt issues by financial firms that dominate the bond market; in 2010 bonds outstanding of financial institut ...
PLI Text Article
... securing industrial revenue bonds (“IRBs”) was a modification occurring by operation of the terms of the IRBs where the loan terms allowed the removal of the subsidiary as co-obligor without the consent of the holders of the IRBs; change-in-obligor exception did not apply because neither the parent ...
... securing industrial revenue bonds (“IRBs”) was a modification occurring by operation of the terms of the IRBs where the loan terms allowed the removal of the subsidiary as co-obligor without the consent of the holders of the IRBs; change-in-obligor exception did not apply because neither the parent ...
UNITED STATES SECURITIES AND EXCHANGE
... the “Organization,” “our” and "us" refer to Banco Bradesco S.A., a sociedade anônima organized under the laws of Brazil and, unless otherwise indicated, its consolidated subsidiaries. All references herein to "real," "reais" or "R$" refer to the Brazilian Real, the official currency of Brazil. Refer ...
... the “Organization,” “our” and "us" refer to Banco Bradesco S.A., a sociedade anônima organized under the laws of Brazil and, unless otherwise indicated, its consolidated subsidiaries. All references herein to "real," "reais" or "R$" refer to the Brazilian Real, the official currency of Brazil. Refer ...
Introduction to Credit Risk Modeling, An
... random measures and stochastic processes. Since he started to work in risk management, he has continued to publish in this area and regularly speaks at risk management conferences and workshops. Christoph Wagner works on the risk methodology team of Allianz Group Center. His main responsibilities ar ...
... random measures and stochastic processes. Since he started to work in risk management, he has continued to publish in this area and regularly speaks at risk management conferences and workshops. Christoph Wagner works on the risk methodology team of Allianz Group Center. His main responsibilities ar ...
2014 Annual Report
... and agency teams around the theme of “Be A Force For Good” and live this by striving to do the right thing at the right time, putting people before policies and defying expectations. This is not easy, and we are not always perfect since we are an organization powered by people. Allstate is a differe ...
... and agency teams around the theme of “Be A Force For Good” and live this by striving to do the right thing at the right time, putting people before policies and defying expectations. This is not easy, and we are not always perfect since we are an organization powered by people. Allstate is a differe ...
Federal takeover of Fannie Mae and Freddie Mac
The federal takeover of Fannie Mae and Freddie Mac refers to the placing into conservatorship of government-sponsored enterprises Fannie Mae and Freddie Mac by the U.S. Treasury in September 2008. It was one of the financial events among many in the ongoing subprime mortgage crisis.On September 6, 2008, the director of the Federal Housing Finance Agency (FHFA), James B. Lockhart III, announced his decision to place two Government-sponsored enterprises (GSEs), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), into conservatorship run by the FHFA.At the same press conference, United States Treasury Secretary Henry Paulson, stated that placing the two GSEs into conservatorship was a decision he fully supported, and that he advised ""that conservatorship was the only form in which I would commit taxpayer money to the GSEs."" He further said that ""I attribute the need for today's action primarily to the inherent conflict and flawed business model embedded in the GSE structure, and to the ongoing housing correction.""The same day, the Federal Reserve Bank chairman Ben Bernanke stated in support: ""I strongly endorse both the decision by FHFA Director Lockhart to place Fannie Mae and Freddie Mac into conservatorship and the actions taken by Treasury Secretary Paulson to ensure the financial soundness of those two companies.""The following day, Herbert M. Allison was appointed chief executive of Fannie Mae. He came from TIAA-CREF.