Watani Investment Company K.S.C.C. (“NBK Capital”) and KAMCO
... in arrears commencing six months from the issue date of the Bonds. Interest payments will be made without deduction or withholding for or on account of Kuwaiti taxes to the extent set out herein. The Fixed Rate Bonds bear the fixed rate of interest at the sum of the Discount Rate (as defined herein) ...
... in arrears commencing six months from the issue date of the Bonds. Interest payments will be made without deduction or withholding for or on account of Kuwaiti taxes to the extent set out herein. The Fixed Rate Bonds bear the fixed rate of interest at the sum of the Discount Rate (as defined herein) ...
Wall Street as Community of Fate: Toward Financial Industry Self
... the financial services industry. Amid widespread, and largely justified, skepticism toward banks’ and other financial institutions’ ability to act in a socially responsible or publicly minded manner, a call for allowing them to run their own affairs is counterintuitive, to say the least. This anti-i ...
... the financial services industry. Amid widespread, and largely justified, skepticism toward banks’ and other financial institutions’ ability to act in a socially responsible or publicly minded manner, a call for allowing them to run their own affairs is counterintuitive, to say the least. This anti-i ...
Liquidity and Reserve Management: Strategies and Policies
... for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepare for a liquidity surplus, deciding when and where to profitably invest surplus liquid fu ...
... for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepare for a liquidity surplus, deciding when and where to profitably invest surplus liquid fu ...
Regulatory Guide RG 240 Hedge funds: Improving disclosure
... out our guidance for improved disclosure to investors to help them understand and assess these products. In seeking to improve disclosure, ASIC aims to ensure that investors and their advisers have the information they need to make an informed investment decision. However, this should not be regarde ...
... out our guidance for improved disclosure to investors to help them understand and assess these products. In seeking to improve disclosure, ASIC aims to ensure that investors and their advisers have the information they need to make an informed investment decision. However, this should not be regarde ...
"The Alpha and Omega of Hedge Fund Performance Measurement"
... have signi…cantly positive alphas when normal returns are measured by an explicit factor model, even when multiple factors serving as proxies for credit or liquidity risks are accounted. However, hedge funds on average do not have signi…cantly positive alphas once the entire distribution is consider ...
... have signi…cantly positive alphas when normal returns are measured by an explicit factor model, even when multiple factors serving as proxies for credit or liquidity risks are accounted. However, hedge funds on average do not have signi…cantly positive alphas once the entire distribution is consider ...
Guidelines on Risk Based Capital Adequacy
... the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy. “Basel III: A global regulatory framework for more resilient banks and banking systems” (known as Basel II ...
... the banking sector’s ability to absorb shocks arising from financial and economic stress, whatever the source, thus reducing the risk of spillover from the financial sector to the real economy. “Basel III: A global regulatory framework for more resilient banks and banking systems” (known as Basel II ...
How to Invest in the U.S. Overall Market?
... During the last decades the role of investment companies is of growing importance in the United States (U.S.) and the rest of the world. According to the Investment Company Institute (ICI, 2014), more than $17 trillion at year- end 2013 is managed by U.S. investment companies. Most of these investme ...
... During the last decades the role of investment companies is of growing importance in the United States (U.S.) and the rest of the world. According to the Investment Company Institute (ICI, 2014), more than $17 trillion at year- end 2013 is managed by U.S. investment companies. Most of these investme ...
Transition Report 1998
... institutions, fiscal and social safety net reform, and legal transition. This year, the format and contents of these transition assessments have been changed to provide greater comparability across countries and a stronger focus on the key transition challenges facing each country. The text discusse ...
... institutions, fiscal and social safety net reform, and legal transition. This year, the format and contents of these transition assessments have been changed to provide greater comparability across countries and a stronger focus on the key transition challenges facing each country. The text discusse ...
interest rates - EESC European Economic and Social Committee
... 2. The Bank shall not grant any reduction in interest rates. Where a reduction in the interest rate appears desirable in view of the nature of the investment to be financed, the Member State concerned or some other agency may grant aid towards the payment of interest to the extent that this is compa ...
... 2. The Bank shall not grant any reduction in interest rates. Where a reduction in the interest rate appears desirable in view of the nature of the investment to be financed, the Member State concerned or some other agency may grant aid towards the payment of interest to the extent that this is compa ...
Household Portfolios in Italy
... categories according to riskiness: clearly safe financial assets include transaction accounts and certificates of deposit, fairly safe financial assets include Treasury bills and the cash value of life insurance, and risky financial assets include stocks, long-term government bonds, other bonds, mut ...
... categories according to riskiness: clearly safe financial assets include transaction accounts and certificates of deposit, fairly safe financial assets include Treasury bills and the cash value of life insurance, and risky financial assets include stocks, long-term government bonds, other bonds, mut ...
2 MB
... holds more reserves than the model suggests are necessary. We find that for plausible values of the parameters the model accounts for the recent buildup of foreign reserves in Croatia. However, quantitative implications of the model imply that the accumulation of reserves has been too strong. In oth ...
... holds more reserves than the model suggests are necessary. We find that for plausible values of the parameters the model accounts for the recent buildup of foreign reserves in Croatia. However, quantitative implications of the model imply that the accumulation of reserves has been too strong. In oth ...
the guide to understanding deflation
... with that buyer’s, then the value of the asset falls, and it falls for everyone who owns it. If a million other people own it, then their net worth goes down even though they did nothing. Two investors made it happen by transacting, and the rest of the investors made it happen by choosing not to dis ...
... with that buyer’s, then the value of the asset falls, and it falls for everyone who owns it. If a million other people own it, then their net worth goes down even though they did nothing. Two investors made it happen by transacting, and the rest of the investors made it happen by choosing not to dis ...
Credit Reporting at the Base of the Pyramid: Key Issues
... not have a savings or credit account in their name with a bank or other formal institution (CGAP and World Bank 2010). Most of these “unbanked” people are poor, many are informally employed, and their incomes tend to be irregular. For these consumers, credit is needed to smooth consumption and may b ...
... not have a savings or credit account in their name with a bank or other formal institution (CGAP and World Bank 2010). Most of these “unbanked” people are poor, many are informally employed, and their incomes tend to be irregular. For these consumers, credit is needed to smooth consumption and may b ...
Payoff complementarities and financial fragility Evidence from
... to be more inclined to taking measures to either reduce the frequency of trading or minimize their impact on fund performance. Such measures include restrictions on redemptions after a 2005 Securities and Exchange Commission (SEC) rule and holding more cash reserves. We find that illiquid funds are m ...
... to be more inclined to taking measures to either reduce the frequency of trading or minimize their impact on fund performance. Such measures include restrictions on redemptions after a 2005 Securities and Exchange Commission (SEC) rule and holding more cash reserves. We find that illiquid funds are m ...
hedge fund headlines mislead
... Since the financial crisis, the environment has been one in which investors often sell what’s liquid rather than what they believe to be the least fundamentally sound part of their portfolio ...
... Since the financial crisis, the environment has been one in which investors often sell what’s liquid rather than what they believe to be the least fundamentally sound part of their portfolio ...
Network Risk and Key Players: A Structural Analysis of
... The collapse of Lehman Brothers and the subsequent great recession made it clear that financial intermediation plays an important role in the creation of money and liquidity. New theories of money propose that financial intermediaries generate “inside” liquid money which is used to fund long term il ...
... The collapse of Lehman Brothers and the subsequent great recession made it clear that financial intermediation plays an important role in the creation of money and liquidity. New theories of money propose that financial intermediaries generate “inside” liquid money which is used to fund long term il ...
Analysis of Bank Efficiency of Chinese Commercial Banks and the
... intervention and NPL problem, can not be dealt with properly in the near future, the chance of success is very small. Thus, our policy recommendations include consolidating up-to-date reform achievements, improving bank's managerial and operational skills, and reducing state's share in banks to less ...
... intervention and NPL problem, can not be dealt with properly in the near future, the chance of success is very small. Thus, our policy recommendations include consolidating up-to-date reform achievements, improving bank's managerial and operational skills, and reducing state's share in banks to less ...
Understanding the New Financial Reform Legislation
... Registration of Nonbank Financial Companies with the FRB and Identification of Systemic BHCs .............................................................................. 11 ...
... Registration of Nonbank Financial Companies with the FRB and Identification of Systemic BHCs .............................................................................. 11 ...
Mitigating Systemic Risk - A Role for Securities Regulators
... those that are sectorally focused. In addition, a number of countries have adopted a structure in which research and oversight of systemic risk is co-ordinated in a particular body or forum. As a result, this paper aims to identify the tools and information regulators should have access to, regardle ...
... those that are sectorally focused. In addition, a number of countries have adopted a structure in which research and oversight of systemic risk is co-ordinated in a particular body or forum. As a result, this paper aims to identify the tools and information regulators should have access to, regardle ...
Macroeconomic impact assessment of OTC derivatives regulatory
... exposures, both through netting as central clearing becomes more widespread and through more comprehensive collateralisation. The Group estimates that in the central scenario this lowers the annual probability of a financial crisis propagated by OTC derivatives by 0.26 percentage points. With the pr ...
... exposures, both through netting as central clearing becomes more widespread and through more comprehensive collateralisation. The Group estimates that in the central scenario this lowers the annual probability of a financial crisis propagated by OTC derivatives by 0.26 percentage points. With the pr ...
Directive on Alternative Investment Fund Managers
... private equity strategies. Not all private equity strategies use financial leverage. Between 2000–2005 debt averaged between 59.4% and 67.9% of total purchase price for LBOs in the United States.1 According to the Financial Services Authority’s Impact Assessment, global private equity assets were ap ...
... private equity strategies. Not all private equity strategies use financial leverage. Between 2000–2005 debt averaged between 59.4% and 67.9% of total purchase price for LBOs in the United States.1 According to the Financial Services Authority’s Impact Assessment, global private equity assets were ap ...
Nepal Rastra Bank in Fifty Years Part II
... Now a days 'micro-finance', as part of development finance, is considered as one of the most powerful and effective financial products for poverty reduction. Micro-finance includes microsavings, micro insurance services and micro credit to the rural poor people. Micro finance has been defined by the ...
... Now a days 'micro-finance', as part of development finance, is considered as one of the most powerful and effective financial products for poverty reduction. Micro-finance includes microsavings, micro insurance services and micro credit to the rural poor people. Micro finance has been defined by the ...