Capital Adequacy in Insurance / Reinsurance
... The traditional rationale for economic regulation is to protect the public interest by efficiently mitigating market failures. The test for whether government intervention into market activity will likely be efficient is two pronged (Breyer, 1982). First, there should be a demonstrable market failur ...
... The traditional rationale for economic regulation is to protect the public interest by efficiently mitigating market failures. The test for whether government intervention into market activity will likely be efficient is two pronged (Breyer, 1982). First, there should be a demonstrable market failur ...
Climate Change Scenarios – Implications for Strategic Asset
... involved investing in low-carbon equity funds such as the Vanguard Carbon Aware International Shares Fund, as well as in venture capital clean technology which in turn invests in technology and products providing solutions to environmental challenges. Our participation in this Climate Change Scenari ...
... involved investing in low-carbon equity funds such as the Vanguard Carbon Aware International Shares Fund, as well as in venture capital clean technology which in turn invests in technology and products providing solutions to environmental challenges. Our participation in this Climate Change Scenari ...
IFRS - PwC
... A currently exercisable in-the-money option is likely to convey power. X may not be able to exercise the option itself without seeking finance from a third party or might exercise the option and immediately re-sell its interest in Y. If X could sell the option itself or otherwise obtain economic ben ...
... A currently exercisable in-the-money option is likely to convey power. X may not be able to exercise the option itself without seeking finance from a third party or might exercise the option and immediately re-sell its interest in Y. If X could sell the option itself or otherwise obtain economic ben ...
SME Access to External Finance BIS ECONOMICS PAPER NO. 16 JANUARY 2012
... finance and grow a business without any unnecessary impediments – the Government aims to make the UK one of the best places in Europe for this. The Government has already assessed the challenges facing the UK economy and published the ambitious Plan for Growth aimed at identifying the barriers to gr ...
... finance and grow a business without any unnecessary impediments – the Government aims to make the UK one of the best places in Europe for this. The Government has already assessed the challenges facing the UK economy and published the ambitious Plan for Growth aimed at identifying the barriers to gr ...
2009 Annual Report - Berkshire Hathaway Inc.
... business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, services and retailing. Included in the group of subsidiaries that underwrite property and casualty insurance and reinsurance is GEICO, the third ...
... business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, services and retailing. Included in the group of subsidiaries that underwrite property and casualty insurance and reinsurance is GEICO, the third ...
Corruption`s Impact on Liquidity, Investment
... corruption as another means to assess how corruption affects liquidity which, in turn, influences required returns on risky assets and the cost of capital for firms. Second, asymmetric information is a well-known problem in finance where some market participants have superior knowledge over other ma ...
... corruption as another means to assess how corruption affects liquidity which, in turn, influences required returns on risky assets and the cost of capital for firms. Second, asymmetric information is a well-known problem in finance where some market participants have superior knowledge over other ma ...
Business Partners: Complementary Assets, Financing, and Invention
... million at first, a level usually reserved for venture capital (VC) and other more complex financing schemes. Most start-up capital comes from personal savings or family.4 Reflecting this, as much as 5% of U.S. households may be informal venture investors (Bygrave and Reynolds, 2006). More than 50% ...
... million at first, a level usually reserved for venture capital (VC) and other more complex financing schemes. Most start-up capital comes from personal savings or family.4 Reflecting this, as much as 5% of U.S. households may be informal venture investors (Bygrave and Reynolds, 2006). More than 50% ...
Editable Value Lists
... click on ‘Core only’. This will update the list you are viewing to include all of the latest core system values in addition to your own values. To reset the values in this list to only display the core system values included in this document, click on ‘All’. This will update the list you are viewing ...
... click on ‘Core only’. This will update the list you are viewing to include all of the latest core system values in addition to your own values. To reset the values in this list to only display the core system values included in this document, click on ‘All’. This will update the list you are viewing ...
How different is the regulatory capital from the economic capital
... which take into account multiple sources of risk as well as borrowers’ heterogeneity. Therefore, we have extended the asymptotic single risk factor (ASRF) model to a multifactor framework which takes account for additional systematic risk factors, such as size or sector factors. The first advantage ...
... which take into account multiple sources of risk as well as borrowers’ heterogeneity. Therefore, we have extended the asymptotic single risk factor (ASRF) model to a multifactor framework which takes account for additional systematic risk factors, such as size or sector factors. The first advantage ...
ESG version 5_A4:Layout 1.qxd
... that the majority of a fund’s returns are driven by market exposure or systematic risk. ESG Beta is about getting better risk-adjusted returns from that market exposure by removing inefficiencies and costs associated with poor management of ESG issues, thereby benefiting the collective investments o ...
... that the majority of a fund’s returns are driven by market exposure or systematic risk. ESG Beta is about getting better risk-adjusted returns from that market exposure by removing inefficiencies and costs associated with poor management of ESG issues, thereby benefiting the collective investments o ...
Top 10 Trends in Wealth Management 2017
... Regulatory supervision in the form of the DOL fiduciary rule will have a considerable impact on thousands of brokerage and wealth management firms in the U.S. and will fundamentally change the landscape of the industry, as they will be required to act as fiduciaries for their clients. The rapidly ch ...
... Regulatory supervision in the form of the DOL fiduciary rule will have a considerable impact on thousands of brokerage and wealth management firms in the U.S. and will fundamentally change the landscape of the industry, as they will be required to act as fiduciaries for their clients. The rapidly ch ...
Introduction - Drake University
... Private Placement The entire claim is sold to an individual investor or a small group of investors Brokers and Dealers Brokers – Serve as a matchmaker bringing together the two sides – receive a commission for their efforts (they do not actually buy or sell securities) Dealers – Market Makers – Serv ...
... Private Placement The entire claim is sold to an individual investor or a small group of investors Brokers and Dealers Brokers – Serve as a matchmaker bringing together the two sides – receive a commission for their efforts (they do not actually buy or sell securities) Dealers – Market Makers – Serv ...
Herding Behavior - Evidence from Portuguese Mutual Funds
... p (i , t ) is the proportion of funds trading stock i that were buyers and p (t ) is a proxy for the expected proportion of buyers under the null of independently trading by funds, E ( p (i , t )) , and is given by the proportion of all stock trades by funds that were purchases during that quarter t ...
... p (i , t ) is the proportion of funds trading stock i that were buyers and p (t ) is a proxy for the expected proportion of buyers under the null of independently trading by funds, E ( p (i , t )) , and is given by the proportion of all stock trades by funds that were purchases during that quarter t ...
Do Institutional Investors Alleviate Agency Problems
... issues are greater than stock repurchases, the repurchase amount is set to zero. Changes in repurchases are measured as the repurchases of the current year minus repurchases of the previous year, divided by the book value of assets from the previous year. Changes in dividends are measured similarly. ...
... issues are greater than stock repurchases, the repurchase amount is set to zero. Changes in repurchases are measured as the repurchases of the current year minus repurchases of the previous year, divided by the book value of assets from the previous year. Changes in dividends are measured similarly. ...
NABERS Energy Office Market Analysis Period Ending December
... Weighted by Net Lettable Area (NLA) ...
... Weighted by Net Lettable Area (NLA) ...
Financial Investments, Information Flows, and Caste Affiliation
... financial markets (Honohan, 2008). On the one hand this might be explained by the relatively large fixed transaction costs associated with financial market participation (Cole et al., 2009). Especially poor individuals with low savings may refuse to demand them because costs of financial products ex ...
... financial markets (Honohan, 2008). On the one hand this might be explained by the relatively large fixed transaction costs associated with financial market participation (Cole et al., 2009). Especially poor individuals with low savings may refuse to demand them because costs of financial products ex ...
Untitled - MalaysiaStock.Biz
... Dato’ Fateh Iskandar attended the Malay College Kuala Kangsar and later obtained a law degree from the University of Queensland, Australia and an MBA. Dato’ Fateh Iskandar is currently the Vice President for REHDA Malaysia and Chairman for REHDA Selangor. He is also Director of Malaysian Property In ...
... Dato’ Fateh Iskandar attended the Malay College Kuala Kangsar and later obtained a law degree from the University of Queensland, Australia and an MBA. Dato’ Fateh Iskandar is currently the Vice President for REHDA Malaysia and Chairman for REHDA Selangor. He is also Director of Malaysian Property In ...
Word Document - Berkeley-Haas
... insiders, depositors would be more likely to approve conversion the higher the predicted return to conversion. Once the conversion process was underway, insiders could use their private information in addition to the publicly available information to predict the return to conversion and then to deci ...
... insiders, depositors would be more likely to approve conversion the higher the predicted return to conversion. Once the conversion process was underway, insiders could use their private information in addition to the publicly available information to predict the return to conversion and then to deci ...
The Misguided Beliefs of Financial Advisors
... Poterba (1991) show that expected domestic returns would need to exceed foreign expected returns by hundreds of basis points per year to offset home bias’s negative effect on portfolio diversification. Barber and Odean (2000) find that active trading—which can result from, e.g., return chasing—signi ...
... Poterba (1991) show that expected domestic returns would need to exceed foreign expected returns by hundreds of basis points per year to offset home bias’s negative effect on portfolio diversification. Barber and Odean (2000) find that active trading—which can result from, e.g., return chasing—signi ...
2014 annual report at the very heart of healthcare. medical
... They get on planes at almost a moment’s notice ...
... They get on planes at almost a moment’s notice ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.