Financial Capability in the United States
... In 2009, the FINRA Investor Education Foundation commissioned the National Financial Capability Study—the first of its kind conducted in the United States—to assess and establish a baseline measure of the financial capability of American adults. The 2012 Study—which was developed in consultation wit ...
... In 2009, the FINRA Investor Education Foundation commissioned the National Financial Capability Study—the first of its kind conducted in the United States—to assess and establish a baseline measure of the financial capability of American adults. The 2012 Study—which was developed in consultation wit ...
the future of the belgian financial sector
... denominator in all the hearings we had with members of the financial community is the primacy of tax stability over tax incentives. 24. Although major reforms have already been introduced to enhance the resilience of the financial system, some risks remain, especially if low interest rates would per ...
... denominator in all the hearings we had with members of the financial community is the primacy of tax stability over tax incentives. 24. Although major reforms have already been introduced to enhance the resilience of the financial system, some risks remain, especially if low interest rates would per ...
ROLE PLAYED BY SACCOS IN FINANCIAL INTERMEDIATION IN
... management. Due to the agents being in the financial markets they have access to information that gives them a knowledge superior position thus the intermediary is able to reduce its costs (transactional and information costs). The agents (financial intermediaries) are usually given authority either ...
... management. Due to the agents being in the financial markets they have access to information that gives them a knowledge superior position thus the intermediary is able to reduce its costs (transactional and information costs). The agents (financial intermediaries) are usually given authority either ...
Fintech and Disruptive Business Models in Financial Products
... development of highly leveraged products, such as synthetic exchangetraded funds serve primarily speculative purposes instead of genuinely beneficial economic purposes.25 Regulatory arbitrage is a major driver of financial innovation.26 For example, the development of processes to liquify long-term ...
... development of highly leveraged products, such as synthetic exchangetraded funds serve primarily speculative purposes instead of genuinely beneficial economic purposes.25 Regulatory arbitrage is a major driver of financial innovation.26 For example, the development of processes to liquify long-term ...
Regulatory Sanctions and Reputational Damage in Financial Markets
... An important function of financial regulators is to uncover and discipline misconduct. In the absence of effective monitoring and enforcement of rules of conduct, financial markets are particularly prone to abuse. Indeed, Dyck, Morse and Zingales (2014) estimate the probability of a company engaging ...
... An important function of financial regulators is to uncover and discipline misconduct. In the absence of effective monitoring and enforcement of rules of conduct, financial markets are particularly prone to abuse. Indeed, Dyck, Morse and Zingales (2014) estimate the probability of a company engaging ...
westpac`s response to the final report of the financial system inquiry
... More transparent budget setting with extensive stakeholder consultation and final approval by the Government; A risk-based approach to regulation so that expenditure or resources are not overly directed towards areas of low regulatory risk; and Increased accountability measures, such as creating a f ...
... More transparent budget setting with extensive stakeholder consultation and final approval by the Government; A risk-based approach to regulation so that expenditure or resources are not overly directed towards areas of low regulatory risk; and Increased accountability measures, such as creating a f ...
1 PRO FORMA PRELIMINARY CONDENSED CONSOLIDATED
... The Pro forma financial information consists of the Unaudited Pro Forma Condensed Consolidated Statement of Financial Position of NBAD and FGB (together referred to as “the Group”) as at 31 March 2017, as if the Merger has taken place as at 31 March 2017, and its Unaudited Pro forma Condensed Consol ...
... The Pro forma financial information consists of the Unaudited Pro Forma Condensed Consolidated Statement of Financial Position of NBAD and FGB (together referred to as “the Group”) as at 31 March 2017, as if the Merger has taken place as at 31 March 2017, and its Unaudited Pro forma Condensed Consol ...
Institutional self-regulation: what should be the role of the
... to allow appropriate flexibility in the ways in which industry players meet their obligations under FSR. Some may see Codes as playing a useful role in helping to meet FSR requirements, others may look to other mechanisms such as ASIC's own policy statements. ASIC has the power to approve Codes, and ...
... to allow appropriate flexibility in the ways in which industry players meet their obligations under FSR. Some may see Codes as playing a useful role in helping to meet FSR requirements, others may look to other mechanisms such as ASIC's own policy statements. ASIC has the power to approve Codes, and ...
Financial Distress
... The Authority shall not withhold its approval of a draft Financial Distress Service Continuity Plan unreasonably. If the Authority does not approve the draft Financial Distress Service Continuity Plan, it shall inform the Provider of its reasons and the Provider shall take those reasons into account ...
... The Authority shall not withhold its approval of a draft Financial Distress Service Continuity Plan unreasonably. If the Authority does not approve the draft Financial Distress Service Continuity Plan, it shall inform the Provider of its reasons and the Provider shall take those reasons into account ...
18 - Mr. O`Connell`s Technology Homepage
... Recording, summarizing, and reporting financial information can be an extremely timeconsuming activity. Computers offer small business owners the ability to: Automate all the accounting functions Generate daily, weekly, monthly, and annual reports quickly and accurately ...
... Recording, summarizing, and reporting financial information can be an extremely timeconsuming activity. Computers offer small business owners the ability to: Automate all the accounting functions Generate daily, weekly, monthly, and annual reports quickly and accurately ...
The Politics of Central Banking and Implications for Regulatory
... bility. The extent to which a central bank plays this stabilising role is reflected in the stringency of prudential regulation. Prudential policies typically seek to build up sufficient capital in financial institutions for them to cover expected and unexpected losses, achieve or maintain a manageab ...
... bility. The extent to which a central bank plays this stabilising role is reflected in the stringency of prudential regulation. Prudential policies typically seek to build up sufficient capital in financial institutions for them to cover expected and unexpected losses, achieve or maintain a manageab ...
Financial literacy and its role in promoting a sound financial system
... financial system Doug Widdowson and Kim Hailwood This article discusses the importance of financial literacy. Financial literacy – the ability to make informed judgements and decisions regarding the use and management of money – is important for individual consumers of financial services, the financ ...
... financial system Doug Widdowson and Kim Hailwood This article discusses the importance of financial literacy. Financial literacy – the ability to make informed judgements and decisions regarding the use and management of money – is important for individual consumers of financial services, the financ ...
Part 1: The objectives of the financial system and its regulation
... However, regulatory interventions can themselves carry costs that detract from the efficiency of the system and they can reduce competition. ...
... However, regulatory interventions can themselves carry costs that detract from the efficiency of the system and they can reduce competition. ...
Towards a General Theory of Financial Regulation
... 1. Regulation is counterproductive in achieving its own economic goals of efficient resource allocation and its social goal of protection of public and private interests (arguments 2, 3 and 4). 2. The free market mechanism including self regulation by experts and professional ethics will always prod ...
... 1. Regulation is counterproductive in achieving its own economic goals of efficient resource allocation and its social goal of protection of public and private interests (arguments 2, 3 and 4). 2. The free market mechanism including self regulation by experts and professional ethics will always prod ...
The Regulation of Financial Holding Companies
... therefore uncertain, additional restraints on the activities of financial firms is often imposed. 3. Prevent Uncompetitive Practices. A separate reason to regulate financial enterprises is to safeguard competition in credit and capital markets. In some formulations, these justifications proceed from ...
... therefore uncertain, additional restraints on the activities of financial firms is often imposed. 3. Prevent Uncompetitive Practices. A separate reason to regulate financial enterprises is to safeguard competition in credit and capital markets. In some formulations, these justifications proceed from ...
Working Paper No. 869 - Levy Economics Institute of Bard College
... Financial innovation has also been extended to the rise of new consumption patterns, bound to higher household debt structures with distributional implications (Palley 1994; Dutt 2005). Hein and Mundt (2013) suggest that stagnating wages are linked to increased household debt and result in debt-led ...
... Financial innovation has also been extended to the rise of new consumption patterns, bound to higher household debt structures with distributional implications (Palley 1994; Dutt 2005). Hein and Mundt (2013) suggest that stagnating wages are linked to increased household debt and result in debt-led ...
Single Point of Entry and the Bankruptcy
... new authority to take over a struggling financial institution whose failure might pose systemic risk to the economy. Prior to the enactment of the Dodd-Frank Act, bank regulators had extensive resolution powers with commercial bank subsidiaries but did not have resolution authority over the bank hol ...
... new authority to take over a struggling financial institution whose failure might pose systemic risk to the economy. Prior to the enactment of the Dodd-Frank Act, bank regulators had extensive resolution powers with commercial bank subsidiaries but did not have resolution authority over the bank hol ...
Causes of Financial Distress - This Webs.com site has not yet been
... company characteristics have not been given proper attention by the concerned stakeholders. This study, therefore, analyzed these causes of financial distress using Weighted Mean Score and Factor Analysis. Identifying these causes as earlier as possible definitely prevents a company from being finan ...
... company characteristics have not been given proper attention by the concerned stakeholders. This study, therefore, analyzed these causes of financial distress using Weighted Mean Score and Factor Analysis. Identifying these causes as earlier as possible definitely prevents a company from being finan ...
Financial Restructuring
... When the going gets tough: a closer look at financial distress and restructuring The European Commission recently published a report by Oxera examining the process and outcomes of financial distress and restructuring. The objective of the study is to gain a clearer understanding of what might happen ...
... When the going gets tough: a closer look at financial distress and restructuring The European Commission recently published a report by Oxera examining the process and outcomes of financial distress and restructuring. The objective of the study is to gain a clearer understanding of what might happen ...
A Study of Financial Distress based on MDA
... Financial statement analysis is described as the process of identifying financial strengths and weaknesses of the firm by correctly launching association between the items of the balance sheet and the profit and loss account. It is usually recognized that the objective of financial statements is to ...
... Financial statement analysis is described as the process of identifying financial strengths and weaknesses of the firm by correctly launching association between the items of the balance sheet and the profit and loss account. It is usually recognized that the objective of financial statements is to ...
improving the process of change in australian financial sector
... discretions (in the form of Regulatory Guides) are ASIC’s main form of regulatory utterance. The regulatory arrangements for the financial sector also utilize, to a lesser extent, other forms of ‘regulation’ such as self-regulation, quasiregulation and co-regulation. Self-regulation consists of beha ...
... discretions (in the form of Regulatory Guides) are ASIC’s main form of regulatory utterance. The regulatory arrangements for the financial sector also utilize, to a lesser extent, other forms of ‘regulation’ such as self-regulation, quasiregulation and co-regulation. Self-regulation consists of beha ...
Financial Development: A Broader Perspective
... of financial development, and the optimal size and structure of the financial system, the debate over the relationship between financial development and economic growth has, of course, been active for many years. This topic has been of intense relevance for emerging economies, particularly against t ...
... of financial development, and the optimal size and structure of the financial system, the debate over the relationship between financial development and economic growth has, of course, been active for many years. This topic has been of intense relevance for emerging economies, particularly against t ...
Why are Central Banks Delegated Macroprudential Responsibilities?
... that bedevil MPR policy, the complexity of macroprudential policy is a further reason that justifies its delegation to an ‘expert’ central banks. A systemic approach to financial stability entails understanding the linkages and externalities among several market segments and sectors where unexpected ...
... that bedevil MPR policy, the complexity of macroprudential policy is a further reason that justifies its delegation to an ‘expert’ central banks. A systemic approach to financial stability entails understanding the linkages and externalities among several market segments and sectors where unexpected ...
NBER WORKING PAPER SERIES ON THE HIDDEN LINKS BETWEEN Joshua Aizenman
... 0.7% increase in financial openness in the trimmed sample of developing countries. The size of this effect in the OECD countries is 2%, but at a substantially lower significance level. The impact of changes in GDP per capita on financial openness are relatively large and highly significant for the s ...
... 0.7% increase in financial openness in the trimmed sample of developing countries. The size of this effect in the OECD countries is 2%, but at a substantially lower significance level. The impact of changes in GDP per capita on financial openness are relatively large and highly significant for the s ...