Xem 1-11 trên 11 kết quả Recapitalization
  • he U.S. Army is undergoing a major transformation to ensure that its future capabilities meet the needs of the nation. One element of its transformation strategy is the recapitalization (RECAP) program, which entails rebuilding and selectively upgrading 17 systems. The program has continuously evolved, with ongoing

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  • With the value of their toxic assets written down to zero, a number of banks will no longer meet the legislated core capital requirement. The government should take a stake in these banks in order to recapitalize them. The prior removal of troubled assets will limit the risk taken on by the government and provide good prospects for the appreciation of its investment. The government’s risk of loss (through the bad bank) and opportunity for success (through the rescued good bank) would thus be clearly separated from one another. This would also contribute to transparency. ...

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  • The Table below organizes known bad bank examples and current proposals according to the source of capitalization and organizational form. As the Table shows, the majority of known bad banks have been established based on a decentralized organizational model. Retriva and Securum (Sweden) as well as BIH (Berlin) were founded through the subdivision of a bank threatened with insolvency into a good and bad bank. In all three of these cases, the government provided the funding for the bad bank and also recapitalized the good bank in exchange for a shareholder stake. ...

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  • The current shareholders will cover the resulting losses. Under the plan, the government would bear responsibility for the management and future resale of toxic assets at its own expense and recapitalize the good bank by taking an equity stake in it. The risk to taxpayers from this investment would be acceptable, however, once the banks are freed of their toxic assets. A clear emphasis that the government stake is temporary would also be necessary.

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  • ,,,and the Army Materiel Command (AMC) have been examining which systems (both type and portion of the fleet) should be recapitalized and defining what that renewal process should involve (the extent of work for each “overhaul”). Accordingly, OASA(ALT) is sponsoring RAND Arroyo Center research on how equipment age affects readiness and resource requirements, to aid analyses in support of RECAP decisions.

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  • The current strategic airlift fleet will be reaching the end of its service life in the next few decades, which has raised concerns about the cost and possible budget spike that would result from the need to recapitalize that fleet. This monograph presents the results of a cost-effectiveness analysis to determine

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  • Most of the sovereign bank debt likely to be exchanged, however, is held by larger German, French and Swiss banks with the capability (if not necessarily the desire) to take the write-offs required. The overhang of such future losses affects the entire European banking system at a time when it too is being restructured.

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  • Bonds are considered high yield (or junk) based on the credit ratings they receive from the two major US rating agencies, Moody's and Standard & Poor's. Any bond rated below Baa3 by Moody's or BBB- by S&P is included in the high yield universe. High yield bonds are classified in two ways, as "fallen angels", which are former investment grade bonds that have declined in ratings, and as new issue high yield bonds, which are issued generally by young, growing companies in recapitalizations. The growth of the market has been exceptional.

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  • With subprime mortgages representing only about 14 percent of the stock of US mortgages, most observers expected rising delinquencies in this segment to be contained at moderate cost. Testifying in July 2007, Federal Reserve Bank Chairman Bernanke estimated that credit losses associated with subprime mortgages would probably total $50 billion to $100 billion. As we now know, what began as a subprime crisis has proved to be wider, deeper, and more damaging than originally thought.

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  • Just to round out the sketch of what’s happened, I add the following. Large financial firms in distress have received something like $50- billion in recapitalization funds from sovereign wealth funds. So far there have been very few bank failures, five according to the FDIC since February 2007, but apparently 75 more institutions are on the problem list. One of the reasons why the crisis hasn’t been more damaging is that most banks, especially large ones, went into the crisis with high bank capital. A third feature of the ongoing crisis follows from the preceding one.

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  • The expected cost of failure to the economy at large should still be the key criterion for determining which financial firms are regulated and which are not, since this is what drives de facto eligibility for the official safety net, be it deposit insurance, access to the central bank’s liquidity assistance, or use of public funds for recapitalization or nationalization. Size, leverage, and the degree of “entanglement” in financial markets should all be important in making the eligibility decision—more so than how firms classify themselves (as banks, nonbanks, etc).

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