The Committee believes that a successful implementation of the revised Framework will provide banks and supervisors with critical experience necessary to address such challenges. The Committee understands that the IRB approach represents a point on the continuum between purely regulatory measures of credit risk and an approach that builds more fully on internal credit risk models. In principle, further movements along that continuum are foreseeable, subject to an ability to address adequately concerns about reliability, comparability, validation, and competitive equity.......
The Committee believes that a successful implementation of the revised Framework will provide banks and supervisors with critical experience necessary to address such challenges. The Committee understands that the IRB approach represents a point on the continuum between purely regulatory measures of credit risk and an approach that builds more fully on internal credit risk models. In principle, further movements along that continuum are foreseeable, subject to an ability to address adequately concerns about reliability, comparability, validation, and competitive equity....
Chapter 3 - International convergence of financial reporting. After completing this chapter, students will be able to: Convergence - the buzz word in international financial reporting, other organizations involved in harmonization, the international accounting standards committee, evolution of the international accounting standards board (IASB), IASB framework and IFRS,...
Chapter 3 - International convergence of financial reporting. After completing this chapter, students will be able to: Explain the meaning of convergence, identify the arguments for and against international convergence of financial reporting standards, discuss major harmonization efforts under the IASC,...
This publication was prepared by the International Federation of Accountants (IFAC).
Its mission is to serve the public interest, strengthen the worldwide accountancy
profession and contribute to the development of strong international economies by
establishing and promoting adherence to high quality professional standards, furthering
the international convergence of such standards and speaking out on public interest
issues where the profession’s expertise is most relevant.
As the International Accounting Standards Board (IASB) continues towards its goal of a set of high quality financial reporting standards and makes significant strides in achieving global convergence of accounting standards worldwide
The Commission is keen to assume leadership at the international level on this debate and will
seek close co-operation from its global partners within the Financial Stability Board and the
G20. Audit, alongside supervision and corporate governance, should be a key contributor to
financial stability as it provides assurance on the veracity of the financial health of all
companies. This assurance should reduce the risks of misstatement, and in doing so, reduce
the costs of failure that would otherwise be suffered by the company's stakeholders as well as
by the broader society.
CCNP CIT Exam Certiﬁcation Guide, Second Edition is a complete study tool for the CCNP CIT
exam, allowing you to assess your knowledge, identify areas to concentrate your study, and master
key concepts to help you succeed on the exam and in your daily job. The book is ﬁlled with features
that help you master the skills necessary to troubleshoot suboptimal performance in a converged
network environment. This book was developed in cooperation with the Cisco Internet Learning
This document is the first in a series of two documents describing the best way to design campus
networks using the hierarchical model. The second document, High Availability Campus Recovery
Analysis, provides extensive test results showing the convergence times for the different topologies
described in this document, and is available at the following website:
Video surveillance has been a key component of many organizations’ safety and security groups for decades. As an application, video surveillance has demonstrated its value and benefits countless times by:
Providing real-time monitoring of a facility's environment, people, and assets.
Recording the movements inside and outside a facility's environment for delayed viewing.
Many traditional video surveillance deployments are purely analog and have not yet been able to benefit from a converged network approach.
This design guide describes how to design a Business Ready Branch or autonomous Business Ready
Office where corporate services such as voice, video, and data are converged onto a single office
network. This guide is targeted at network professionals and other personnel who assist in the design of
branch or commercial office networks.
This guide assists the network designer in successfully designing a branch or an autonomous office.
There are numerous combinations of features, platforms, and customer requirements that make up an
Horizontal Gaze Descending cortical inputs mediating horizontal gaze ultimately converge at the level of the pons. Neurons in the paramedian pontine reticular formation are responsible for controlling conjugate gaze toward the same side. They project directly to the ipsilateral abducens nucleus. A lesion of either the paramedian pontine reticular formation or the abducens nucleus causes an ipsilateral conjugate gaze palsy.
Parinaud's Syndrome Also known as dorsal midbrain syndrome, this is a distinct supranuclear vertical gaze disorder from damage to the posterior commissure. It is a classic sign of hydrocephalus from aqueductal stenosis. Pineal region tumors, cysticercosis, and stroke also cause Parinaud's syndrome. Features include loss of upgaze (and sometimes downgaze), convergence-retraction nystagmus on attempted upgaze, downwards ocular deviation ("setting sun" sign), lid retraction (Collier's sign), skew deviation, pseudoabducens palsy, and light-near dissociation of the pupils.
The Basel Committee on Banking Supervision, after an extensive consultation
process, redrafted its recommendations for credit institutions’ regulatory
capital requirements (Basel I) issued in 1988. The revision was motivated
by the wish to adequately reﬂ ect current developments in banking and to
strengthen the stability of the international ﬁ nancial system.
The paper entitled “International Convergence of Capital Measurement and
published by the Basel Committee on Banking Super-
vision provides only general information on interest rate risk in the banking
book. More speciﬁ c information is contained in an additional paper entitled
“Principles for the Management and Supervision of Interest Rate Risk” (July
Source: Modified from TA Roth, L Merlotti in SA Burton et al (eds), Narcolepsy 3rd International Symposium: Selected Symposium Proceedings, Chicago, Matrix Communications, 1989.
Narcolepsy affects about 1 in 4000 people in the United States and appears to have a genetic basis.
While common issuance has typically been regarded as a longer-term possibility, the
more recent debate has focused on potential near-term benefits as a way to alleviate
tension in the sovereign debt market. In this context, the introduction of Stability Bonds
would not come at the end of a process of economic and fiscal convergence, but would come
in parallel with further convergence and foster the establishment and implementation of the
necessary framework for such convergence.
The conclusion of the twentieth century provides Bahá'ís with a unique vantage point. During the past
hundred years our world underwent changes far more profound than any in its preceding history, changes that
are, for the most part, little understood by the present generation. These same hundred years saw the Bahá'í
Cause emerge from obscurity, demonstrating on a global scale the unifying power with which its Divine
origin has endowed it. As the century drew to its close, the convergence of these two historical developments
became increasingly apparent.
The picture of the market that results from our experiments, surprisingly, confirms both the efficient-
market academic view and the traders’ view. But each is valid under different circumstances—in different
regimes. In both circumstances, we initiate our traders with heterogeneous beliefs clustered randomly in an
interval near homogeneous rational expectations. We find that if our agents adapt their forecasts very
slowly to new observations of the market’s behavior, the market converges to a rational-expectations