Open Joint-Stock Company “ALFA-BANK” Alfa Diversified Payment
... or “blue sky” laws of any state of the United States or any other U.S., Russian, Luxembourg or other jurisdiction. Each Investor, by purchasing an Offered Note (or a beneficial interest therein), agrees that the Offered Notes (or beneficial interests therein) may be reoffered, resold, pledged or oth ...
... or “blue sky” laws of any state of the United States or any other U.S., Russian, Luxembourg or other jurisdiction. Each Investor, by purchasing an Offered Note (or a beneficial interest therein), agrees that the Offered Notes (or beneficial interests therein) may be reoffered, resold, pledged or oth ...
UNICREDIT INTERNATIONAL BANK (LUXEMBOURG) S.A.
... the date hereof or that there has been no adverse change, or any event reasonably likely to involve any adverse change, in the condition (financial or otherwise) business or prospects of the Issuer, the Guarantor or the Banking Group UniCredit since the date hereof or that any other information supp ...
... the date hereof or that there has been no adverse change, or any event reasonably likely to involve any adverse change, in the condition (financial or otherwise) business or prospects of the Issuer, the Guarantor or the Banking Group UniCredit since the date hereof or that any other information supp ...
Three Essays on Banking Market Effects on Market Structure in Non
... into other EU countries. The processes of liberalization and disintermediation have affected market structures and competitive conditions in banking markets throughout Europe, including transitional countries, which have experienced periods of rapid entry and subsequent consolidation following the b ...
... into other EU countries. The processes of liberalization and disintermediation have affected market structures and competitive conditions in banking markets throughout Europe, including transitional countries, which have experienced periods of rapid entry and subsequent consolidation following the b ...
BANKING SECTOR IN SERBIA Third Quarter Report 2016
... decrease in interest expenses (by RSD 11.1 bln y-o-y). In terms of the composition of total interest income and expenses, only interest income from securities denominated in foreign currency increased y-o-y, while on the expense side, only expenses arising from securities went up. At end-September 2 ...
... decrease in interest expenses (by RSD 11.1 bln y-o-y). In terms of the composition of total interest income and expenses, only interest income from securities denominated in foreign currency increased y-o-y, while on the expense side, only expenses arising from securities went up. At end-September 2 ...
Banking and Shadow Banking
... ities which chase regulatory arbitrage by migrating from the regulated traditional banking sector to the unregulated shadow banking sector. We argue that when financial regulation is sufficiently lenient, such financial migration is negligible, and in these circumstances, tightening regulation lowe ...
... ities which chase regulatory arbitrage by migrating from the regulated traditional banking sector to the unregulated shadow banking sector. We argue that when financial regulation is sufficiently lenient, such financial migration is negligible, and in these circumstances, tightening regulation lowe ...
Liquidity Coverage Ratio
... Term deposits with other central banks which do not fulfill these criteria are not eligible as stock of HQLA; under such circumstances, only term deposits maturing within 30 days may be included as cash inflows under paragraph 22.2. ...
... Term deposits with other central banks which do not fulfill these criteria are not eligible as stock of HQLA; under such circumstances, only term deposits maturing within 30 days may be included as cash inflows under paragraph 22.2. ...
Financial Presentation
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
Judge Information Gaps 9.17.15
... Traditionally, the United States had two parallel and largely independent regimes for moving capital from persons who have it to persons who need it—the capital markets and the banking system. Both regimes served the socially useful function of providing financing for productive undertakings, but ea ...
... Traditionally, the United States had two parallel and largely independent regimes for moving capital from persons who have it to persons who need it—the capital markets and the banking system. Both regimes served the socially useful function of providing financing for productive undertakings, but ea ...
presentation
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
... These forward-looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of e ...
PDF Download
... The second stylized fact is that banks are increasingly raising and lending funds abroad through foreign affiliates rather than extending cross-border loans. The literature distinguishes two different forms of banking across borders: international banking and global banking. In international bankin ...
... The second stylized fact is that banks are increasingly raising and lending funds abroad through foreign affiliates rather than extending cross-border loans. The literature distinguishes two different forms of banking across borders: international banking and global banking. In international bankin ...
Parliamentary Commission on Banking Standards
... The Approved Persons Regime has created a largely illusory impression of regulatory control over individuals, while meaningful responsibilities were not in practice attributed to anyone. As a result, there was little realistic prospect of effective enforcement action, even in many of the most flagra ...
... The Approved Persons Regime has created a largely illusory impression of regulatory control over individuals, while meaningful responsibilities were not in practice attributed to anyone. As a result, there was little realistic prospect of effective enforcement action, even in many of the most flagra ...
Banking in South-Eastern Europe On the move
... share of total assets held by the top five banks is, at an average 63 %, higher than in the NMS. This is attributable to the high level of concentration in Croatia, Albania and Macedonia, whereas in Serbia and Bulgaria concentration levels are lower than in comparable CEE countries. ...
... share of total assets held by the top five banks is, at an average 63 %, higher than in the NMS. This is attributable to the high level of concentration in Croatia, Albania and Macedonia, whereas in Serbia and Bulgaria concentration levels are lower than in comparable CEE countries. ...
The Impact of Banking Sector Stability on the Real Economy | PDF
... The increased incidence of banking and financial crises over the last quarter century has triggered an active research agenda, not only on the underlying causes of crises, but also on their impact on the real economy. Literature in this field has been mainly focussed in two directions: first, on und ...
... The increased incidence of banking and financial crises over the last quarter century has triggered an active research agenda, not only on the underlying causes of crises, but also on their impact on the real economy. Literature in this field has been mainly focussed in two directions: first, on und ...
December 2016
... resources. This means designing products that reduce waste and are recyclable, as well as buying materials that are recycled from other sources. Sustainability also includes designing closed-loop systems both within and external to the production process. The principles of sustainability apply to al ...
... resources. This means designing products that reduce waste and are recyclable, as well as buying materials that are recycled from other sources. Sustainability also includes designing closed-loop systems both within and external to the production process. The principles of sustainability apply to al ...
Supervisory Shopping in the Banking Sector: When Is It Socially
... Supervisory shopping, among others, poses a great challenge to crafting an optimal design in today’s increasingly integrated world. Financial institutions, which typically have access to multiple supervisors, can and often do switch supervisors at a relatively low cost. This opens the door to superv ...
... Supervisory shopping, among others, poses a great challenge to crafting an optimal design in today’s increasingly integrated world. Financial institutions, which typically have access to multiple supervisors, can and often do switch supervisors at a relatively low cost. This opens the door to superv ...
1 Competition and Concentration in the New European Banking
... examine competition in terms of organic income (interest income and fee and commission income), since these are the most stable income sources presented in the banks’ financial reports. The structure of the paper is organized as follows. Section 2 displays two formal concentration indices and appli ...
... examine competition in terms of organic income (interest income and fee and commission income), since these are the most stable income sources presented in the banks’ financial reports. The structure of the paper is organized as follows. Section 2 displays two formal concentration indices and appli ...
Determinants of banking system fragility: a - ECB
... It is well-known that banks may face shocks both on their asset and liability side. A shock that initially affects one institution can become systemic and infect the larger local economy. The globalization of banking implies further that shocks affecting a particular bank or country can now affect n ...
... It is well-known that banks may face shocks both on their asset and liability side. A shock that initially affects one institution can become systemic and infect the larger local economy. The globalization of banking implies further that shocks affecting a particular bank or country can now affect n ...
Determinants of Banking System Fragility: a regional perspective
... We find that a region’s banking system characteristics play a significant role in explaining regional banking system fragility next to the effects of regional macro factors. Among the banking system characteristics, higher liquidity reduces regional banking system fragility in all regions whereas h ...
... We find that a region’s banking system characteristics play a significant role in explaining regional banking system fragility next to the effects of regional macro factors. Among the banking system characteristics, higher liquidity reduces regional banking system fragility in all regions whereas h ...
banking mergers and acquisitions in the eu: overview
... acquisitions (M&As) in Europe during the 1990s and at offering economic evaluation and strategic analyses of the process. The main characteristics of this process in the 1990s were the emergence of “mega banks” at the national scale, a slight increase of cross-border transactions and the emergence o ...
... acquisitions (M&As) in Europe during the 1990s and at offering economic evaluation and strategic analyses of the process. The main characteristics of this process in the 1990s were the emergence of “mega banks” at the national scale, a slight increase of cross-border transactions and the emergence o ...
Essay - Shadow Banking
... into a positive one by listing entities and activities that are supposed to fall within the FSB’s definition. According to this list, shadow banking activities consist in i) accepting funding with deposit-like characteristics; ii) performing maturity and/or liquidity transformation; iii) undergoing ...
... into a positive one by listing entities and activities that are supposed to fall within the FSB’s definition. According to this list, shadow banking activities consist in i) accepting funding with deposit-like characteristics; ii) performing maturity and/or liquidity transformation; iii) undergoing ...
Impact Assessment
... recommendations of the Independent Commission on Banking (ICB), chaired by Sir John Vickers. 2. As the ICB argued, banks that are large, systemic and too complex to be resolved in the event of failure benefit from a perceived implicit government guarantee, as market participants presume that, faced ...
... recommendations of the Independent Commission on Banking (ICB), chaired by Sir John Vickers. 2. As the ICB argued, banks that are large, systemic and too complex to be resolved in the event of failure benefit from a perceived implicit government guarantee, as market participants presume that, faced ...
Davis E P and Salo S
... “Engineering” excess capacity is closely related to the concept of the “output gap” in macroeconomics, measured on the “short term” assumption that the supply of factors of production labour and capital - is fixed. In the “output gap” paradigm, excess capacity emerges at a macroeconomic level when a ...
... “Engineering” excess capacity is closely related to the concept of the “output gap” in macroeconomics, measured on the “short term” assumption that the supply of factors of production labour and capital - is fixed. In the “output gap” paradigm, excess capacity emerges at a macroeconomic level when a ...
Bank Runs in Emerging-Market Countries - Chicago
... international movement to promote Shariah-compliant financial principles; presently, Islamic financial institutions are estimated to manage $230 billion worldwide and operate in over 75 countries (1). Islamic banks make loans and take deposits in ways that respect the Qur’ n’s prohibition against in ...
... international movement to promote Shariah-compliant financial principles; presently, Islamic financial institutions are estimated to manage $230 billion worldwide and operate in over 75 countries (1). Islamic banks make loans and take deposits in ways that respect the Qur’ n’s prohibition against in ...
Internet Banking in Europe: a comparative analysis
... structure of banks. The use of solely electronic channels (without physical channels) threatens traditional retail banks as pure internet banks can compete with lower overheads. Moreover, non-bank competitors may use electronic channels to bypass retail banks completely2. Jayawardhena and Foley (200 ...
... structure of banks. The use of solely electronic channels (without physical channels) threatens traditional retail banks as pure internet banks can compete with lower overheads. Moreover, non-bank competitors may use electronic channels to bypass retail banks completely2. Jayawardhena and Foley (200 ...
NBER WORKING PAPER SERIES SUSTAINABLE SHADOW BANKING Guillermo Ordonez Working Paper 19022
... safe assets. I assume a planner would like banks to invest in risky assets if the risky asset is superior or in safe assets if the risky asset is inferior. However, banks have incentives to always invest in risky assets, regardless of their type. This excessive risk-taking arises because outside in ...
... safe assets. I assume a planner would like banks to invest in risky assets if the risky asset is superior or in safe assets if the risky asset is inferior. However, banks have incentives to always invest in risky assets, regardless of their type. This excessive risk-taking arises because outside in ...