Xem 1-20 trên 67 kết quả Risk transfer
  • In January 2001 the Basel Committee on Banking Supervision has issued a consultative paper on the New Basel Capital Accord, that, once finalized, will replace the current Basel Accord from 1988 (Basel Committee 2001a). After an intensive consultation period with the banking industry and several modifications, the Basel Committee has outlined the future regulation of credit risks in the socalled third consultative paper that will be the basis for the final Basel II Accord. The proposed regulatory framework is based on three – mutually reinforcing – pillars...

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  • “Risk concentrations are arguably the single most important cause of major problems in banks”.1 On the one hand, dealing with concentration risk is important for the survival of individual banks; therefore, banks should be interested in a proper management of risk concentrations on their own. On the other hand, the Basel Committee on Banking Supervision (BCBS) has found that nine out of the thirteen analyzed banking crises were affected by risk concentrations,2 which shows that this issue is important for the stability of the whole banking system.

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  • Banks operating in the main developed countries have been exposed, since the Seventies, to four significant drivers of change, mutually interconnected and mutually reinforcing. The first one is a stronger integration among national financial markets (such as stock markets and markets for interest rates and FX rates) which made it easier, for economic shocks, to spread across national boundaries.

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  • We approximate credit risk developments at the bank level by considering non- performing loans of each institution and rating changes at the individual security level. Importantly, our database allows us to identify not only the rating of these securities at the time of origination but also their evolution over time. We also analyze to what extent housing prices, securitization activity and lending may have asymmetric effects across institutions and geographically (at the regional level) by identifying the role of each of these factors.

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  • We saw in Chapter 12 that a decentralized firm delegates decision-making authority to subordinates. With this delegation of authority comes the risk of managers making decisions based on their individual goals that can be sub-optimal for the organization as a whole. One example of dysfunctional decision-making occurs when business units or divisions within the organization buy goods and services from one another and each unit or division manager is evaluated on reported profits. In this chapter we address this potential problem.

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  • A derivative is a contract that is used to transfer risk. There are many different underlying risks, ranging from fluctuations in energy prices to weather risks. Most derivatives, however, are based on financial securities such as common stocks, bonds and foreign exchange instruments.

    pdf202p vigro23 29-08-2012 110 27   Download

  • 4 Wire Transfers: Originator to Its Bank to Receiving Bank. This chapter and the next discuss the links in the fundstransfer chain and highlight the many risk management opportunities. This chapter discusses a bank’s right to decline to accept a customer’s payment orders

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  • 5 Wire Transfers: Completing the Transfer and Rules for Errors. A funds transfer is completed at the last link in the fundstransfer chain when the beneficiary’s bank accepts the payment order for the benefit of the beneficiary.

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  • 2 Payment Systems Survey. This chapter provides a concise history of various payment systems—barter, coins, drafts, and notes—and how drafts and notes became paper money and evolved to fiat money. Checks, wire transfers, automated clearing houses, and global funds-transfer systems

    pdf16p mama15 29-09-2010 71 22   Download

  • Since 1 January 2003 a percentage rate of a contribution to work accident insurance has been differentiated for individual contribution payers and depends on risk category and on a number of persons notifi ed to work accident insurance. If the insured person is a member of an open pension fund, a part of the contribution to his or her old-age pension insurance, at a rate of 7.30% of the basis for assessment, is transferred by ZUS to the open pension fund selected by the insured person.

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  • Christopher L. Culp is an adjunct professor of finance at the Graduate School of Business of the University of Chicago, where he teaches graduate-level courses on derivatives, alternative risk transfer, risk management, and investments. He also offers a graduate seminar on insurance during winter quarters as a guest professor of risk and insurance in the Institut für Finanzmanagement at Universität Bern in Switzerland.

    pdf171p socolanong 19-04-2012 34 14   Download

  • The content of this book covers several up-to-date topics in fluid dynamics, computational modeling and its applications, and it is intended to serve as a general reference for scientists, engineers, and graduate students. The book is comprised of 30 chapters divided into 5 parts, which include: winds, building and risk prevention; multiphase flow, structures and gases; heat transfer, combustion and energy; medical and biomechanical applications; and other important themes.

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  • As noted above, IFRS 4 does not require separation if the component itself meets the definition of an insurance contract. In considering whether this exemption applies, insurance risk is assessed in relation to the component. It may happen that the contract as a whole does not fall within the scope of IFRS 4 because it does not contain significant insurance risk, but that the component itself contains significant insurance risk and, had it been a separate contract, would have fallen within the definition of an insurance contract.

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  • The investment game has changed over the past two decades. Historically, the challenge facing investors has been to identify good investments. While that’s obviously still important, investors increasingly recognize that that alone isn’t enough. Five good mutual funds can still make a bad portfolio, or at least one that’s inappropriate for a given investor’s goals. It’s becoming clear that investors must move beyond good versus bad investments and toward appropriate or inappropriate usage of investments, taking into account their time horizons and risk tolerance.

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  • The long-term approach to achieving protection is “ecological separation.” A true ecological separation is defined as no inter-basin transfer of aquatic organisms via the Chicago Waterway System at any time – 100% effectiveness. Ecological separation prohibits the movement or interbasin transfer of aquatic organisms between the Mississippi and Great Lakes basins via the CWS. Once established, the impacts of invasive species on ecosystem health are permanent and irreversible.

    pdf112p lulanphuong 19-03-2012 65 10   Download

  • Given the variation in credit scoring methodologies, raw credit scores possess no intrinsic meaning, and comparing raw scores across companies is of limited value. Normalized or “standardized” results afford more meaningful comparisons. Averaged across all companies, the spread in standardized scores between “no minority” and “all minority”2 ZIP Codes was 38.9 percentiles—a very considerable gap.

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  • In a third step, the firm now uses the money to hire some formerly unemployed worker from the household sector in order to produce some capital good (i.e. build a factory building). Hiring the worker and paying him 100 pesos by bank transfer means a transfer of the deposit from the firm’s account to the household’s account in the bank. 12 At the same time, the firm gets the capital good newly produced while the household’s net wealth increases by the amount of wages paid (accounting record 3).

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  • Ten years have elapsed since the second German edition of the present book was published. During this period the external appear- ance of the currency and banking problems of the world has com- pletely altered. But closer examination reveals that the same fundamental issues are being contested now as then. Then, England was on the way to raising the gold-value of the pound once more to its pre-war level.

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  • Dobrinsky et al. (2001) conjecture that some specific types of soft budget constraints in a transitional environment may emerge as a result of distortions in incentive structures. In particular, distorted incentives may have an effect both on the determinants of credit supply and credit demand. 2 In turn, incentive structures are a reflection of the institutional environment and the conduct of economic policy in the broader sense. Consequently, policy reforms and policy shocks can be expected to affect the determinants of credit flows both on the supply and the demand side.

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  • Technologies are playing a critical role in reducing the costs of transmitting transaction details between the customer, the retailer, the financial service provider and eventually third parties. Payment facilities encompass a variety of products (e.g. giro accounts, call accounts, transaction accounts,..) and services (e.g. bill payment, check payment, direct debit, stop orders, money transfers, credit transfers, disburse- ments, e-payments, mobile payments,…) for managing the transfer of funds to/from a customer or a third party.

    pdf24p machuavo 19-01-2013 16 5   Download

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