QIS4 Technical Specifications
... Study (QIS4), which the European Commission has asked CEIOPS to run between April and July 2008 in the frame of the development of potential future level 2 implementing measures for the Solvency II Directive Proposal. The reporting date to be used by all participants should be end December 2007. Whe ...
... Study (QIS4), which the European Commission has asked CEIOPS to run between April and July 2008 in the frame of the development of potential future level 2 implementing measures for the Solvency II Directive Proposal. The reporting date to be used by all participants should be end December 2007. Whe ...
Central clearing: reaping the benefits, controlling the risks
... of certain PFMI requirements, including on: • explicit board responsibilities and disclosure mechanisms regarding CCPs’ financial risk governance to promote both closer senior level scrutiny and involvement of relevant stakeholders; • rigorous stress-testing on the basis of more detailed guidance ...
... of certain PFMI requirements, including on: • explicit board responsibilities and disclosure mechanisms regarding CCPs’ financial risk governance to promote both closer senior level scrutiny and involvement of relevant stakeholders; • rigorous stress-testing on the basis of more detailed guidance ...
Estimating the Effects of Foreclosure Counseling for Troubled Borrowers Assistant Professor
... reductions (less than 24 months) in interest or principal payments, often deferring past due payments into principal. Lenders might also offer to formally modify the legal mortgage contract and reduce interest and/or principal. Such options may benefit the borrower if they allow the borrower to over ...
... reductions (less than 24 months) in interest or principal payments, often deferring past due payments into principal. Lenders might also offer to formally modify the legal mortgage contract and reduce interest and/or principal. Such options may benefit the borrower if they allow the borrower to over ...
2010-11-23 Weicher Ltr re Use of Interview Materials_1
... 2001 and 2002. These loans covered 22,424 housing units. Correcting for the doublecounting, Freddie Mac fell short of the 31 percent Underserved Areas goal by 90 loans, or 0.002 percent. There was a similar double-counting of 22,371 units toward the Lowand Moderate-Income Goal, but correcting this e ...
... 2001 and 2002. These loans covered 22,424 housing units. Correcting for the doublecounting, Freddie Mac fell short of the 31 percent Underserved Areas goal by 90 loans, or 0.002 percent. There was a similar double-counting of 22,371 units toward the Lowand Moderate-Income Goal, but correcting this e ...
Documento de Trabajo N° 14: Las Pensiones en el nuevo Sistema
... treasury, which is left with a contingent liability. The MPG is financed out of general revenues, not the payroll tax. It is partially means-tested.6 The MPG is indexed to the consumers’ price index, but in reality it has been rising with wages, due to political decisions. During the 1980’s, real wa ...
... treasury, which is left with a contingent liability. The MPG is financed out of general revenues, not the payroll tax. It is partially means-tested.6 The MPG is indexed to the consumers’ price index, but in reality it has been rising with wages, due to political decisions. During the 1980’s, real wa ...
Risk Analysis of Collateralized Debt Obligations
... However, the default history of the reference portfolio underlying the credit derivative is often unavailable, so direct inference is usually not feasible. We confront this difficulty by developing an acceptance/rejection re-sampling scheme that allows us to generate alternative portfolio default hi ...
... However, the default history of the reference portfolio underlying the credit derivative is often unavailable, so direct inference is usually not feasible. We confront this difficulty by developing an acceptance/rejection re-sampling scheme that allows us to generate alternative portfolio default hi ...
Possible Appendix/Side panel/Sidebar/Footnote(s) re: references
... Consistent Embedded Value Principles issued in 2008 adopted the requirement of an explicit disclosure of the provision of the residual non-hedgeable risk. In the basis for conclusions this requirement is explained as: Additional allowance should therefore be made for non-hedgeable financial risks an ...
... Consistent Embedded Value Principles issued in 2008 adopted the requirement of an explicit disclosure of the provision of the residual non-hedgeable risk. In the basis for conclusions this requirement is explained as: Additional allowance should therefore be made for non-hedgeable financial risks an ...
Class Materials - Washington Bankers 2013
... based on stress testing and other factors. XYZ management set the SFG at 9.0% Annual results for capital/assets will be a byproduct of total assets and total capital projections earlier in the model. XYZ management finds the set of assumptions entered into this model (if achieved) will allow it to r ...
... based on stress testing and other factors. XYZ management set the SFG at 9.0% Annual results for capital/assets will be a byproduct of total assets and total capital projections earlier in the model. XYZ management finds the set of assumptions entered into this model (if achieved) will allow it to r ...
1 Too Low for Too Long Interest Rates, Bank Risk Taking and Bank
... banks behaviour one of which is an increase in investments in risky assets. According to Rajan (2005) lower interest rates on risk free investments could push banks to invest more in higher yielding investment that are also riskier (assets substitution). We expect that a decrease in the policy rates ...
... banks behaviour one of which is an increase in investments in risky assets. According to Rajan (2005) lower interest rates on risk free investments could push banks to invest more in higher yielding investment that are also riskier (assets substitution). We expect that a decrease in the policy rates ...
Understanding and Communicating Risk Appetite
... expectations that key measures of its profitability would fall or stagnate. A financial organization with a lower risk appetite might choose to avoid opportunities that are more risky, but offer greater returns. Finally, another organization with a high risk appetite might decide to procure natural ...
... expectations that key measures of its profitability would fall or stagnate. A financial organization with a lower risk appetite might choose to avoid opportunities that are more risky, but offer greater returns. Finally, another organization with a high risk appetite might decide to procure natural ...
Relative Wealth Concerns and Financial Bubbles
... are incomplete. From a technical perspective our analysis is therefore related to the classic literature on incomplete markets. This literature has shown that with incomplete markets and multiple goods, one could expect multiple equilibria, some of which are not even constrained efficient [see, for ...
... are incomplete. From a technical perspective our analysis is therefore related to the classic literature on incomplete markets. This literature has shown that with incomplete markets and multiple goods, one could expect multiple equilibria, some of which are not even constrained efficient [see, for ...
Expected Returns, Yield Spreads, and Asset Pricing Tests
... asset pricing theories that do not require using realized returns have a much higher payoff than any additional development of statistical tests that continue to rely on realized returns as a proxy for expected returns.” (p. 1200) As most findings in the empirical asset pricing literature were estab ...
... asset pricing theories that do not require using realized returns have a much higher payoff than any additional development of statistical tests that continue to rely on realized returns as a proxy for expected returns.” (p. 1200) As most findings in the empirical asset pricing literature were estab ...
a GAO NATURAL DISASTERS
... Private and Public Sectors in Insuring, Mitigating and Financing Recovery from Natural Disasters in the United States, Report on Phase One of the Study (Philadelphia, Penn.: February 2007). ...
... Private and Public Sectors in Insuring, Mitigating and Financing Recovery from Natural Disasters in the United States, Report on Phase One of the Study (Philadelphia, Penn.: February 2007). ...
Annual and Sustainability Report 2016
... In Latin America there are restrictions for access to financial services that are related to labor informality, self-employment, limited infrastructure and shortages in the socioeconomic development. However, inclusion is experiencing a growing trend, reflected in the increase of adults with at leas ...
... In Latin America there are restrictions for access to financial services that are related to labor informality, self-employment, limited infrastructure and shortages in the socioeconomic development. However, inclusion is experiencing a growing trend, reflected in the increase of adults with at leas ...
Phase I Report - Task Force on Climate
... In most G20 jurisdictions, issuers have a legal obligation to disclose any material risk in their financial reports—which includes climate-related risks. The absence of a standardized framework for disclosing climate-related risks makes it difficult for preparers to determine what information should ...
... In most G20 jurisdictions, issuers have a legal obligation to disclose any material risk in their financial reports—which includes climate-related risks. The absence of a standardized framework for disclosing climate-related risks makes it difficult for preparers to determine what information should ...
Individual investment behaviour: a brief review of research (PDF
... about pensions and investment choice. In addition, UK consumers (and women in particular) are generally found to be risk averse (section 2). In keeping with this, consumers have been found to focus more on minimising financial losses than maximising financial gains, even when making decisions about ...
... about pensions and investment choice. In addition, UK consumers (and women in particular) are generally found to be risk averse (section 2). In keeping with this, consumers have been found to focus more on minimising financial losses than maximising financial gains, even when making decisions about ...
ING PP Example Reference 16x9
... Creating a differentiating customer experience • In 2Q15, we continued to expand our digital offerings for our customers and also identified new ways to facilitate the financing needs of small companies • In Belgium, we are partnering with Koalaboox, an online financial services provider, to offer s ...
... Creating a differentiating customer experience • In 2Q15, we continued to expand our digital offerings for our customers and also identified new ways to facilitate the financing needs of small companies • In Belgium, we are partnering with Koalaboox, an online financial services provider, to offer s ...
Reinsurance Theory Practice Design
... Lower impact from large losses Limit the retained risk on volatile lines of business ...
... Lower impact from large losses Limit the retained risk on volatile lines of business ...
Risk Factors A number of risk factors affect Prudential`s operating
... be a higher incidence of counterparty failures. If sustained, this environment is likely to have a negative impact on the insurance sector over time and may consequently have a negative impact on Prudential’s business and its balance sheet and profitability. For example, this could occur if the reco ...
... be a higher incidence of counterparty failures. If sustained, this environment is likely to have a negative impact on the insurance sector over time and may consequently have a negative impact on Prudential’s business and its balance sheet and profitability. For example, this could occur if the reco ...
Report Providing an Assessment of the Current State
... surprisingly, premiums are highest in states most at risk for hurricanes and tornadoes. The Report next assesses the ways that homeowner insurers manage the risk of natural catastrophes. Some insurers reduce risk by decreasing exposure in specific high risk geographic areas or by imposing moratoria ...
... surprisingly, premiums are highest in states most at risk for hurricanes and tornadoes. The Report next assesses the ways that homeowner insurers manage the risk of natural catastrophes. Some insurers reduce risk by decreasing exposure in specific high risk geographic areas or by imposing moratoria ...
Mitigating Systemic Risk - A Role for Securities Regulators
... Of course, this did not preclude cooperation among agencies aimed at securing financial stability. In some jurisdictions prudential regulators and monetary authorities shared information and cooperated in stress-testing the banking system. However, the focus on regulating individual institutions mea ...
... Of course, this did not preclude cooperation among agencies aimed at securing financial stability. In some jurisdictions prudential regulators and monetary authorities shared information and cooperated in stress-testing the banking system. However, the focus on regulating individual institutions mea ...
AUSTRALIAN CAPITAL TERRITORY INSURANCE AUTHORITY
... included and that it complies with the Chief Minister’s Annual Report Directions. ...
... included and that it complies with the Chief Minister’s Annual Report Directions. ...
View - FASB
... primary drivers of the sub-prime mortgage market during the financial crisis that peaked in 2008. Almost one-third of their direct purchases were subprime and during the peak of the housing bubble almost 40% of newly issued private-label subprime mortgage-backed securities were bought by Fannie and ...
... primary drivers of the sub-prime mortgage market during the financial crisis that peaked in 2008. Almost one-third of their direct purchases were subprime and during the peak of the housing bubble almost 40% of newly issued private-label subprime mortgage-backed securities were bought by Fannie and ...
Retained Interests in Securitisations and - ECB
... The process of securitisation is composed of three main steps: (i) the pooling of assets; (ii) the creation of a special purpose vehicle (SPV) and the transfer of the asset pool to the SPV; and (iii) the structuring of the transaction. The latter involves the provision of credit enhancements and gua ...
... The process of securitisation is composed of three main steps: (i) the pooling of assets; (ii) the creation of a special purpose vehicle (SPV) and the transfer of the asset pool to the SPV; and (iii) the structuring of the transaction. The latter involves the provision of credit enhancements and gua ...
Buyout Activity: The Impact of Aggregate Discount Rates
... Our paper’s emphasis on aggregate discount rates is unique in the buyout literature. Kaplan and Strömberg (2009) outline the history of aggregate private equity activity, but a systematic explanation for buyout waves has remained elusive. Closest to us, Martos-Vila et al. (2012) provide an explanat ...
... Our paper’s emphasis on aggregate discount rates is unique in the buyout literature. Kaplan and Strömberg (2009) outline the history of aggregate private equity activity, but a systematic explanation for buyout waves has remained elusive. Closest to us, Martos-Vila et al. (2012) provide an explanat ...