the national flood insurance program: challenges and solutions
... address a lack of coverage being offered in the private insurance market, reflecting limited tools to assess risk and the problem of adverse selection from consumers who usually knew far more about local properties’ exposure to flooding than did prospective insurers. Since its inception in 1968, the ...
... address a lack of coverage being offered in the private insurance market, reflecting limited tools to assess risk and the problem of adverse selection from consumers who usually knew far more about local properties’ exposure to flooding than did prospective insurers. Since its inception in 1968, the ...
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... A collective contractual system aiming at attaining cooperation between a group of participants to face specific risks whereby each one of them pays a certain contribution that leads to formation of an account called the participants' account through which the due compensation will be paid to whomev ...
... A collective contractual system aiming at attaining cooperation between a group of participants to face specific risks whereby each one of them pays a certain contribution that leads to formation of an account called the participants' account through which the due compensation will be paid to whomev ...
Guidelines on Risk Based Capital Adequacy
... Basel III reforms are the response of Basel Committee on Banking Supervision (BCBS) to improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy. “Basel III: ...
... Basel III reforms are the response of Basel Committee on Banking Supervision (BCBS) to improve the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy. “Basel III: ...
Form 8-K GENERAL ELECTRIC CAPITAL SERVICES INC/CT
... Commercial Finance (CF) is a leading global provider of revolving and term debt and equity to finance acquisitions, business expansion, bank refinancings, recapitalizations and other special situations. Products also include asset securitization facilities, capital expenditure lines and bankruptcy-r ...
... Commercial Finance (CF) is a leading global provider of revolving and term debt and equity to finance acquisitions, business expansion, bank refinancings, recapitalizations and other special situations. Products also include asset securitization facilities, capital expenditure lines and bankruptcy-r ...
The use of intangible assets as loan collateral
... in the syndicated loan market have significantly increased the probability of using intangibles as loan collateral. Over the last several years, unregulated lenders (finance companies, insurance firms, investment banks, institutional investors) with greater risk appetite have become an important sou ...
... in the syndicated loan market have significantly increased the probability of using intangibles as loan collateral. Over the last several years, unregulated lenders (finance companies, insurance firms, investment banks, institutional investors) with greater risk appetite have become an important sou ...
Equity Risk Premiums (ERP)
... It may be tempting for those not in the midst of valuation or corporate finance analysis to pay little heed to the debate about equity risk premium, but it would be a mistake to do so, since its effects are far reaching. • The amounts set aside by both corporations and governments to meet future pen ...
... It may be tempting for those not in the midst of valuation or corporate finance analysis to pay little heed to the debate about equity risk premium, but it would be a mistake to do so, since its effects are far reaching. • The amounts set aside by both corporations and governments to meet future pen ...
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... countries, many American home owners who become delinquent on mortgages do not, in fact, lose their homes in foreclosure sales.11 Mortgagor protections in foreclosure laws play some role but cannot fully explain this outcome. It no longer makes sense for legal scholarship to discuss mortgage enforce ...
... countries, many American home owners who become delinquent on mortgages do not, in fact, lose their homes in foreclosure sales.11 Mortgagor protections in foreclosure laws play some role but cannot fully explain this outcome. It no longer makes sense for legal scholarship to discuss mortgage enforce ...
Default Risk and Aggregate Fluctuations in Emerging Economies
... economy with incomplete markets can experience capital outflows in bad times. Risk averse agents with large debt holdings that can experience capital outflows have more incentives to default in times of low shocks. In essence, in times of low output, the asset available to the economy does not help ...
... economy with incomplete markets can experience capital outflows in bad times. Risk averse agents with large debt holdings that can experience capital outflows have more incentives to default in times of low shocks. In essence, in times of low output, the asset available to the economy does not help ...
detailed assessment report of lbtr, sistema de liquidación bruta en
... stress test programme. In addition, as noted above for CCLV, ComDer does not have access to routine Central Bank credit either; as a result, it must resort to its liquidity providers before first exhausting the collateral provided by the delayed/defaulted participant(s). Collateral in securities – a ...
... stress test programme. In addition, as noted above for CCLV, ComDer does not have access to routine Central Bank credit either; as a result, it must resort to its liquidity providers before first exhausting the collateral provided by the delayed/defaulted participant(s). Collateral in securities – a ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... higher prices. The portfolio evolved over time, and changes in average margin reflect changes in composition as well as changes in margins of particular securities. In the period following August 2008, a substantial part of the increase in margins is due to bonds that could no longer be used as coll ...
... higher prices. The portfolio evolved over time, and changes in average margin reflect changes in composition as well as changes in margins of particular securities. In the period following August 2008, a substantial part of the increase in margins is due to bonds that could no longer be used as coll ...
Essentials of Financial Risk Management
... For many years, the riskiness of an asset was assessed based only on the variability of its returns. In contrast, modern portfolio theory considers not only an asset’s riskiness, but also its contribution to the overall riskiness of the portfolio to which it is added. Organizations may have an oppor ...
... For many years, the riskiness of an asset was assessed based only on the variability of its returns. In contrast, modern portfolio theory considers not only an asset’s riskiness, but also its contribution to the overall riskiness of the portfolio to which it is added. Organizations may have an oppor ...
AdamsSafe Harbors - Digital Access to Scholarship at Harvard
... pretend to lend to each other.7 The buyer (often a nonfinancial business of some kind) wants to reduce their exposure to interest rate volatility, say, but they are not able to borrow favorably at a fixed rate. Therefore, they will enter an interest rate swap with a swap dealer who will pay them a v ...
... pretend to lend to each other.7 The buyer (often a nonfinancial business of some kind) wants to reduce their exposure to interest rate volatility, say, but they are not able to borrow favorably at a fixed rate. Therefore, they will enter an interest rate swap with a swap dealer who will pay them a v ...
NBER WORKING PAPER SERIES AND CAPITAL STRUCTURE
... Risks associated with macroeconomic conditions are crucial for understanding asset prices. Naturally, they should also have important implications for corporate decisions. By introducing macroeconomic conditions into firms’ financing decisions, this paper provides a risk-based explanation for two p ...
... Risks associated with macroeconomic conditions are crucial for understanding asset prices. Naturally, they should also have important implications for corporate decisions. By introducing macroeconomic conditions into firms’ financing decisions, this paper provides a risk-based explanation for two p ...
Building Sub-national Debt Markets
... Section A: Principal-agent relationships between central government, subnational entities, and lenders 10. Sub-national debt markets are characterized by a number of specific agency problems. The first agency problem is that of hidden action, in which sub-national borrowers as agents have an incent ...
... Section A: Principal-agent relationships between central government, subnational entities, and lenders 10. Sub-national debt markets are characterized by a number of specific agency problems. The first agency problem is that of hidden action, in which sub-national borrowers as agents have an incent ...
between insurance companies Different forms of cooperation and
... form of insurance cooperation scheme. The research also identifies potentially nonessential features, from the perspective of maximising the efficiency of these ...
... form of insurance cooperation scheme. The research also identifies potentially nonessential features, from the perspective of maximising the efficiency of these ...
Pillar 3 Report for 30 September 2016 (PDF 1MB)
... approval; set risk appetite consistent with the Group Risk Appetite Statement; approve frameworks; policies and processes for managing risk (consistent with the Westpac Group Risk Management Strategy and Westpac Group Risk Appetite Statement); and review and, where appropriate, approve risks beyond ...
... approval; set risk appetite consistent with the Group Risk Appetite Statement; approve frameworks; policies and processes for managing risk (consistent with the Westpac Group Risk Management Strategy and Westpac Group Risk Appetite Statement); and review and, where appropriate, approve risks beyond ...
Document
... There are many ways of negotiating a price. Counsel for the Taxpayer argued at length that the price had been calculated in a reverse manner. He pointed out that the price to be paid for the bad and doubtful loans was an amount which reduced the book value of C Institution so that the third party pu ...
... There are many ways of negotiating a price. Counsel for the Taxpayer argued at length that the price had been calculated in a reverse manner. He pointed out that the price to be paid for the bad and doubtful loans was an amount which reduced the book value of C Institution so that the third party pu ...
Understanding the New Financial Reform Legislation
... Understanding the New Financial Reform Legislation: The Dodd-Frank Wall Street Reform and Consumer Protection Act July 2010 ...
... Understanding the New Financial Reform Legislation: The Dodd-Frank Wall Street Reform and Consumer Protection Act July 2010 ...
Investment Guide - REST Industry Super
... predict when market declines will happen, or, how long a decline will last. Importantly, it does not detail what the size of a negative return could be or take into account the potential for a positive return to be less than you may require to meet your investment objectives. ...
... predict when market declines will happen, or, how long a decline will last. Importantly, it does not detail what the size of a negative return could be or take into account the potential for a positive return to be less than you may require to meet your investment objectives. ...
Privatizing Fannie and Freddie: Be Careful What
... Be Careful What You Ask For Few are happy with the current housing finance system that has Fannie Mae and Freddie Mac in conservatorship and taxpayers backing most of the nation’s residential mortgage loans. Yet legislative efforts to replace the system have largely faltered, raising concern that we ...
... Be Careful What You Ask For Few are happy with the current housing finance system that has Fannie Mae and Freddie Mac in conservatorship and taxpayers backing most of the nation’s residential mortgage loans. Yet legislative efforts to replace the system have largely faltered, raising concern that we ...
Chapter 6: Business and industry
... disruptions may become more frequent due to changes in exposure, through economic growth and migration to more coastal and urban areas, and changes in weather and climate. For the businesses concerned, this is likely to result in unfulfilled orders, breach of delivery contracts, loss of revenue and ...
... disruptions may become more frequent due to changes in exposure, through economic growth and migration to more coastal and urban areas, and changes in weather and climate. For the businesses concerned, this is likely to result in unfulfilled orders, breach of delivery contracts, loss of revenue and ...
Adverse Selection in Reinsurance Markets
... Ratings. A. M. Best assigns financial strength ratings to companies using a discrete alphabetic scale; specifically, by applying letter ratings A++ , A+, A, A-, B+, etc., and they record the letter rating for each firm i in each year t. For the purposes of this study, we adopt the Doherty and Phill ...
... Ratings. A. M. Best assigns financial strength ratings to companies using a discrete alphabetic scale; specifically, by applying letter ratings A++ , A+, A, A-, B+, etc., and they record the letter rating for each firm i in each year t. For the purposes of this study, we adopt the Doherty and Phill ...
- Covenant University Repository
... is positive when the profits of the firms increased because of the injection of debt and negative when profits decreased because of employment of debt. The total risk facing an organization can be managed by combining operating leverage and financial leverage in varying degrees. The hypotheses teste ...
... is positive when the profits of the firms increased because of the injection of debt and negative when profits decreased because of employment of debt. The total risk facing an organization can be managed by combining operating leverage and financial leverage in varying degrees. The hypotheses teste ...
Default Risk, the Real Exchange Rate and Income
... economy with incomplete markets can experience capital outflows in bad times. Risk averse agents with large debt holdings that can experience capital outflows have more incentives to default in times of low shocks. In essence, in times of low output, the asset available to the economy does not help ...
... economy with incomplete markets can experience capital outflows in bad times. Risk averse agents with large debt holdings that can experience capital outflows have more incentives to default in times of low shocks. In essence, in times of low output, the asset available to the economy does not help ...
Federalism and Insurance Regulation: Basic Source Materials
... approved by the United States Supreme Court in the 1868 case of Paul v. Virginia;~ the 1945 adoption of the McCarran-Ferguson Act by the United States Congress is usually considered the starting point for discussing modem regulation of insurance in the United States. This collection of materials acc ...
... approved by the United States Supreme Court in the 1868 case of Paul v. Virginia;~ the 1945 adoption of the McCarran-Ferguson Act by the United States Congress is usually considered the starting point for discussing modem regulation of insurance in the United States. This collection of materials acc ...