Chapter 2 - MsCMcDermott
... People and businesses should act ethically while pursuing a profit. ...
... People and businesses should act ethically while pursuing a profit. ...
Best Practice Risk Management
... Dr. Robert M. Mark is a Senior Executive Vice President and Chief Risk Officer (CRO) at the Canadian Imperial Bank of Commerce (CIBC). Dr. Mark reports directly to the Chairman and Chief Executive Officer of CIBC, and is a member of the Senior Executive Team (Management Committee). Dr. Mark has glo ...
... Dr. Robert M. Mark is a Senior Executive Vice President and Chief Risk Officer (CRO) at the Canadian Imperial Bank of Commerce (CIBC). Dr. Mark reports directly to the Chairman and Chief Executive Officer of CIBC, and is a member of the Senior Executive Team (Management Committee). Dr. Mark has glo ...
Gambling with Other People`s Money
... the last three decades, when large financial institutions have gotten into trouble, the government has almost always rescued their bondholders and creditors. These policies have created incentives both to borrow and to lend recklessly. When large financial institutions get in trouble, equity holders ...
... the last three decades, when large financial institutions have gotten into trouble, the government has almost always rescued their bondholders and creditors. These policies have created incentives both to borrow and to lend recklessly. When large financial institutions get in trouble, equity holders ...
Chapter 6
... h. The expected return on a portfolio. r p, is simply the weighted-average expected return of the individual stocks in the portfolio, with the weights being the fraction of total portfolio value invested in each stock. The market portfolio is a portfolio consisting of all stocks. i. Correlation is t ...
... h. The expected return on a portfolio. r p, is simply the weighted-average expected return of the individual stocks in the portfolio, with the weights being the fraction of total portfolio value invested in each stock. The market portfolio is a portfolio consisting of all stocks. i. Correlation is t ...
Morningstar`s 2016 Fundamentals for Investors
... investment losses; however, by investing in a mix of these investments, investors may be able to insulate their portfolios from major downswings in any one investment. Over the long run, it is common for a more risky investment (such as stocks) to outperform a less risky diversified portfolio of sto ...
... investment losses; however, by investing in a mix of these investments, investors may be able to insulate their portfolios from major downswings in any one investment. Over the long run, it is common for a more risky investment (such as stocks) to outperform a less risky diversified portfolio of sto ...
Turning a Blind Eye: Wall Street Finance of Predatory Lending
... the underwriting criteria of The Winter Group, underwriting criteria are generally not available with respect to the mortgage loans. In many instances the mortgage loans in the statistical mortgage pool were acquired by Terwin Advisors LLC from sources, including mortgage brokers and other non-origi ...
... the underwriting criteria of The Winter Group, underwriting criteria are generally not available with respect to the mortgage loans. In many instances the mortgage loans in the statistical mortgage pool were acquired by Terwin Advisors LLC from sources, including mortgage brokers and other non-origi ...
ESSAYS ON DETERMINANTS OF FINANCIAL BEHAVIOR OF
... the author from an Internet-based marketplace for peer-to-peer lending. Peer-to-peer lending is a financial innovation consisting in direct lending and borrowing among individuals without intermediation of financial institutions. An advantage of using these data is that they include detailed informa ...
... the author from an Internet-based marketplace for peer-to-peer lending. Peer-to-peer lending is a financial innovation consisting in direct lending and borrowing among individuals without intermediation of financial institutions. An advantage of using these data is that they include detailed informa ...
The Regulatory Responses to the Global Financial Crisis
... efficient financial systems. It does so in light of lessons from the recent and past financial crises and using insights from analytical and empirical studies. The general objective of possible reforms is clear: to reduce the chance and costs of future systemic financial crises in the most efficient ...
... efficient financial systems. It does so in light of lessons from the recent and past financial crises and using insights from analytical and empirical studies. The general objective of possible reforms is clear: to reduce the chance and costs of future systemic financial crises in the most efficient ...
the relationship between insurance industry and banking sector in
... which may endanger the stability of the whole financial system, which is also called ‘systemic risk’ by many scholars, has drawn much attention, and the relationship between banking system and insurance industry are undoubtedly the key to understand the systemic risks. Cummins and Weiss (2014) found ...
... which may endanger the stability of the whole financial system, which is also called ‘systemic risk’ by many scholars, has drawn much attention, and the relationship between banking system and insurance industry are undoubtedly the key to understand the systemic risks. Cummins and Weiss (2014) found ...
chapter - ii life insurance - basics and global trends
... measure of the actual future earnings or values of services of an individual – that is, the capitalized value of an individual’s future net earnings after subtracting self maintenance cost such as food, clothing and shelter. From the standpoints of one’s dependen ...
... measure of the actual future earnings or values of services of an individual – that is, the capitalized value of an individual’s future net earnings after subtracting self maintenance cost such as food, clothing and shelter. From the standpoints of one’s dependen ...
Financial Competence, Overconfidence, and Trusting
... session subjects completed four tasks. After providing informed, signed consent subjects engaged in an experiment. Second, a risk assessment was completed. Finally, at the end of each session, subjects completed a background information questionnaire and took a financial literacy quiz. In the exper ...
... session subjects completed four tasks. After providing informed, signed consent subjects engaged in an experiment. Second, a risk assessment was completed. Finally, at the end of each session, subjects completed a background information questionnaire and took a financial literacy quiz. In the exper ...
Developing the Rural Economy through Financial Inclusion
... and is driving down costs of handling small transactions.13 Branchless banking allows financial services to reach formerly untouched clients. Mobile phones or biometric smart cards are helping agents enrol clients, while clients use them for money transfers. RFID devices injected behind the ears of ...
... and is driving down costs of handling small transactions.13 Branchless banking allows financial services to reach formerly untouched clients. Mobile phones or biometric smart cards are helping agents enrol clients, while clients use them for money transfers. RFID devices injected behind the ears of ...
Forecasting Credit Portfolio Risk
... for the forecast of the risk parameters default probabilities and default correlations. The results are based on an extensive empirical analysis of a data set provided by Deutsche Bundesbank which contains financial statements for more than 50,000 German firms and a time period from 1987 to 2000. Im ...
... for the forecast of the risk parameters default probabilities and default correlations. The results are based on an extensive empirical analysis of a data set provided by Deutsche Bundesbank which contains financial statements for more than 50,000 German firms and a time period from 1987 to 2000. Im ...
Regulation af Debt and Equity
... underlying investments, not only among the parties to those transactions but also among others. The design of these arrangements also may either diminish or increase the total risk posed by uncertain investments to the economy. Because of agency costs, externalities, and competitive pressures, finan ...
... underlying investments, not only among the parties to those transactions but also among others. The design of these arrangements also may either diminish or increase the total risk posed by uncertain investments to the economy. Because of agency costs, externalities, and competitive pressures, finan ...
The Role of ABS, CDS and CDOs in the Credit Crisis and the Economy
... is direct lending. To take advantage of the economies of scale in their infrastructure, however, the loan originators often sell these loans to third parties. The third parties are: (i) the government-sponsored enterprises Fannie Mae and Freddie Mac and (ii) the entities that issue credit derivative ...
... is direct lending. To take advantage of the economies of scale in their infrastructure, however, the loan originators often sell these loans to third parties. The third parties are: (i) the government-sponsored enterprises Fannie Mae and Freddie Mac and (ii) the entities that issue credit derivative ...
Coherent Distortion Risk Measures in Portfolio Selection
... The financial meaning of monotonicity is clear: The risk of a portfolio is at least as much as another one if former incurs at least as much losses as the latter in very state of economy. Translation invariance is motivated by the interpretation of ρ(X) as a reserve requirement, i.e., ρ(X) is the am ...
... The financial meaning of monotonicity is clear: The risk of a portfolio is at least as much as another one if former incurs at least as much losses as the latter in very state of economy. Translation invariance is motivated by the interpretation of ρ(X) as a reserve requirement, i.e., ρ(X) is the am ...
Rebalancing the housing and mortgage markets – critical issues
... the boom gets underway. With loosening credit standards more purchasers are drawn into home ownership and given supply constraints property prices tend to rise. Product innovation increases bringing more consumers into the market. As this spiral becomes slowly ever less sustainable the crash follows ...
... the boom gets underway. With loosening credit standards more purchasers are drawn into home ownership and given supply constraints property prices tend to rise. Product innovation increases bringing more consumers into the market. As this spiral becomes slowly ever less sustainable the crash follows ...
Stochastic pension funding when the benefit and the risky asset
... own pension fund, selecting a fixed contribution rate and an investment strategy across assets, such as equities and bonds. Benefits are not fixed anymore, but the inherent risk is entirely borne by the individual. It is important to note that the decisions regarding contributions and investment dep ...
... own pension fund, selecting a fixed contribution rate and an investment strategy across assets, such as equities and bonds. Benefits are not fixed anymore, but the inherent risk is entirely borne by the individual. It is important to note that the decisions regarding contributions and investment dep ...
Uninsured Idiosyncratic Production Risk with Borrowing Constraints
... precautionary savings effect is strong enough, entrepreneurs accumulate excess capital in the steady state. I obtain this result by first analyzing the case where all agents are subject to uninsurable idiosyncratic production risk and borrowing constraints. In almost all cases considered, these two ...
... precautionary savings effect is strong enough, entrepreneurs accumulate excess capital in the steady state. I obtain this result by first analyzing the case where all agents are subject to uninsurable idiosyncratic production risk and borrowing constraints. In almost all cases considered, these two ...
Balancing the Banks: Global Lessons from the Financial Crisis
... will behave erratically, but it further reduces depositors’ incentive to monitor banks. This rationale for prudential regulation—the lack of expertise and the wastefulness associated with monitoring of balance sheets by retail depositors—explains why prudential regulation is also observed for other ...
... will behave erratically, but it further reduces depositors’ incentive to monitor banks. This rationale for prudential regulation—the lack of expertise and the wastefulness associated with monitoring of balance sheets by retail depositors—explains why prudential regulation is also observed for other ...
Review of Lithuania`s Insurance Market
... 6.1 per cent compared to the first half of last year, while market growth is supported by the non-life insurance sector, the premiums of which increased by 11.8 per cent. The Bank of Lithuania revises its insurance market development forecasts for 2016. At the beginning of this year the Bank of Lith ...
... 6.1 per cent compared to the first half of last year, while market growth is supported by the non-life insurance sector, the premiums of which increased by 11.8 per cent. The Bank of Lithuania revises its insurance market development forecasts for 2016. At the beginning of this year the Bank of Lith ...
Deflation Risk
... is designated a zero-coupon swap. This swap is executed between two counterparties at time zero and has only one cash flow which occurs at the maturity date of the swap. For example, imagine that at time zero, the ten-year zero-coupon inflation swap rate is 300 basis points. As is standard with swaps, ...
... is designated a zero-coupon swap. This swap is executed between two counterparties at time zero and has only one cash flow which occurs at the maturity date of the swap. For example, imagine that at time zero, the ten-year zero-coupon inflation swap rate is 300 basis points. As is standard with swaps, ...
Understanding Systemic Risk: The Trade
... endogenous outcome of the interaction between market liquidity risk, solvency risk, and the structure of banks’ funding. Ahead of the crisis, the theoretical literature was almost silent on how to link funding liquidity and bank solvency risks, concentrating for the most part on one type of risk or ...
... endogenous outcome of the interaction between market liquidity risk, solvency risk, and the structure of banks’ funding. Ahead of the crisis, the theoretical literature was almost silent on how to link funding liquidity and bank solvency risks, concentrating for the most part on one type of risk or ...
P a g e 1
... status (90 days past due) or the unlikeliness of repayment. It also clarifies the consideration of collateral in categorising assets as non-performing. The definition also introduces clear rules regarding the upgrading of an exposure from "non-performing" to "performing" as well as for the interacti ...
... status (90 days past due) or the unlikeliness of repayment. It also clarifies the consideration of collateral in categorising assets as non-performing. The definition also introduces clear rules regarding the upgrading of an exposure from "non-performing" to "performing" as well as for the interacti ...
What`s the Point of Credit Scoring?
... Mac) and the Federal National Mortgage Corporation (Fannie Mae) have encouraged mortgage lenders to use credit scoring, which should encourage consistency across underwriters. Freddie Mac sent a letter to its lenders in July 1995 encouraging the use of credit scoring in loans submitted for sale to t ...
... Mac) and the Federal National Mortgage Corporation (Fannie Mae) have encouraged mortgage lenders to use credit scoring, which should encourage consistency across underwriters. Freddie Mac sent a letter to its lenders in July 1995 encouraging the use of credit scoring in loans submitted for sale to t ...