European Banks – Capital
... ratios to the top of this range over time. ● We propose two equity-to-asset ratios. No one ratio is perfect. Our “plain” ratio tests a bank for idiosyncratic risk, providing an upperbound “what-you-see” estimate of its capital strength. Our “pain” ratio tests a bank for a stressed bankruptcy where s ...
... ratios to the top of this range over time. ● We propose two equity-to-asset ratios. No one ratio is perfect. Our “plain” ratio tests a bank for idiosyncratic risk, providing an upperbound “what-you-see” estimate of its capital strength. Our “pain” ratio tests a bank for a stressed bankruptcy where s ...
THE OUTSOURCING OF FINANCIAL REGULATION TO RISK
... To understand the crisis, the failure of risk models, and the dangers of regulatory outsourcing, it is helpful to sketch out the system by which mortgages are connected to asset-backed securities, derivatives, and financial risk to global financial institutions.2 Securitization uses the future payme ...
... To understand the crisis, the failure of risk models, and the dangers of regulatory outsourcing, it is helpful to sketch out the system by which mortgages are connected to asset-backed securities, derivatives, and financial risk to global financial institutions.2 Securitization uses the future payme ...
BIS 85th Annual Report - June 2015
... It is my pleasure to submit to you the 85th Annual Report of the Bank for International Settlements for the financial year which ended on 31 March 2015. The net profit for the year amounted to SDR 542.9 million, compared with SDR 419.3 million for the preceding year. Details of the results for the f ...
... It is my pleasure to submit to you the 85th Annual Report of the Bank for International Settlements for the financial year which ended on 31 March 2015. The net profit for the year amounted to SDR 542.9 million, compared with SDR 419.3 million for the preceding year. Details of the results for the f ...
The Financial Policy Committee`s framework for the systemic risk buffer
... absorb stresses and continue to maintain critical financial services to the real economy, particularly the provision of credit. This principle has been recognised in the Basel framework for global systemically important banks (G-SIBs), which has been implemented through European legislation and subs ...
... absorb stresses and continue to maintain critical financial services to the real economy, particularly the provision of credit. This principle has been recognised in the Basel framework for global systemically important banks (G-SIBs), which has been implemented through European legislation and subs ...
Forthcoming, Journal of Empirical Finance Measuring The Market
... basis. It is natural to find their footprints in most major market events. A "small bet" by large hedge funds can be a sizeable transaction that can impact a market. This study estimates hedge fund exposures during a number of major market events. In some episodes, hedge funds had significant exposu ...
... basis. It is natural to find their footprints in most major market events. A "small bet" by large hedge funds can be a sizeable transaction that can impact a market. This study estimates hedge fund exposures during a number of major market events. In some episodes, hedge funds had significant exposu ...
Macroeconomic stress testing of a corporate credit portfolio Magister Scientiae By
... Chapter 1: Dissertation Overview 1.1. Introduction Financial institutions around the world have learned that severe macroeconomic crisis can occur at least once in every decade or even more frequently. A worldwide stock market crash in September 2008, US debt-ceiling crisis in 2011 and recently, th ...
... Chapter 1: Dissertation Overview 1.1. Introduction Financial institutions around the world have learned that severe macroeconomic crisis can occur at least once in every decade or even more frequently. A worldwide stock market crash in September 2008, US debt-ceiling crisis in 2011 and recently, th ...
Three Essays on Banking Market Effects on Market Structure in Non
... into other EU countries. The processes of liberalization and disintermediation have affected market structures and competitive conditions in banking markets throughout Europe, including transitional countries, which have experienced periods of rapid entry and subsequent consolidation following the b ...
... into other EU countries. The processes of liberalization and disintermediation have affected market structures and competitive conditions in banking markets throughout Europe, including transitional countries, which have experienced periods of rapid entry and subsequent consolidation following the b ...
financial stability, systemic risk and macroprudential policy
... The combination of liberalised financial markets and their increased procyclicality since the 1990s has made economies prone to endogenous boom and bust cycles. In good times, financial institutions and their clients can start to underestimate the risks associated with their economic decisions or, in ...
... The combination of liberalised financial markets and their increased procyclicality since the 1990s has made economies prone to endogenous boom and bust cycles. In good times, financial institutions and their clients can start to underestimate the risks associated with their economic decisions or, in ...
Development of Simulation based Model to quantify the degree of
... This study investigates whether simulation based models can be used to predict Liquidity Risk for banks. In retrospect, banks must comply with the new Basel III by January 2015 that emphasises a strong liquidity framework to support funding. The importance of holding more capital has become the main ...
... This study investigates whether simulation based models can be used to predict Liquidity Risk for banks. In retrospect, banks must comply with the new Basel III by January 2015 that emphasises a strong liquidity framework to support funding. The importance of holding more capital has become the main ...
chapter 1 overview of the research thesis
... intermediary for the payment of the economy. In particular, lending is one of the basic activities of the bank, according to which credit institutions delivered to customers in an amount to be used for the purpose and time limit specified in the agreement with the principle of reimbursement principa ...
... intermediary for the payment of the economy. In particular, lending is one of the basic activities of the bank, according to which credit institutions delivered to customers in an amount to be used for the purpose and time limit specified in the agreement with the principle of reimbursement principa ...
The Norwegian Banking Crisis
... management of the Norwegian banking crisis and the establishment of state ownership of commercial banks. While the solvency problems of the banks up through 1990 were largely handled by the banks’ own deposit insurance funds, the crisis reached such proportions in 1991 that extensive government supp ...
... management of the Norwegian banking crisis and the establishment of state ownership of commercial banks. While the solvency problems of the banks up through 1990 were largely handled by the banks’ own deposit insurance funds, the crisis reached such proportions in 1991 that extensive government supp ...
Competition Report
... This first competition report summarises our activities to promote competition in financial services from 1 April 2013, when the FCA was created, to 31 March 2016, and provides insight into competition in selected markets across the sectors that we regulate. Future reports will focus on the activiti ...
... This first competition report summarises our activities to promote competition in financial services from 1 April 2013, when the FCA was created, to 31 March 2016, and provides insight into competition in selected markets across the sectors that we regulate. Future reports will focus on the activiti ...
BANKING SECTOR IN SERBIA Third Quarter Report 2016
... The key impetus to the improvement of the banking sector’s net profit was a decrease in net credit losses. In Q3 2016, net credit losses came at RSD 15.6 bln, which is slightly more than half of what was recorded in the same period of 2015 (RSD 28.6 bln), and resulted from the fact that net expenses ...
... The key impetus to the improvement of the banking sector’s net profit was a decrease in net credit losses. In Q3 2016, net credit losses came at RSD 15.6 bln, which is slightly more than half of what was recorded in the same period of 2015 (RSD 28.6 bln), and resulted from the fact that net expenses ...
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... 12. Commercial letters of credit are off balance sheet items that are used to back issues of commercial paper by corporate borrowers. Answer: False Page: 322-324 Level: Difficult 13. All banks having total assets over $1 billion are considered money center banks. Answer: False Page: 331 Level: Mediu ...
... 12. Commercial letters of credit are off balance sheet items that are used to back issues of commercial paper by corporate borrowers. Answer: False Page: 322-324 Level: Difficult 13. All banks having total assets over $1 billion are considered money center banks. Answer: False Page: 331 Level: Mediu ...
Rethinking Financial Deepening: Stability and Growth
... First and foremost, using a new, broad, measure of financial development, this study underscores that many benefits in terms of growth and stability can still be reaped from further financial development in most EMs. Financial development is defined as a combination of depth (size and liquidity of m ...
... First and foremost, using a new, broad, measure of financial development, this study underscores that many benefits in terms of growth and stability can still be reaped from further financial development in most EMs. Financial development is defined as a combination of depth (size and liquidity of m ...
capital requirements and bank behaviour: the impact of
... Do banks adjust their capital ratios to meet the requirements by increasing capital or reducing riskweighted assets? Banks’ reactions to hitting regulatory constraints on their capital ratios are likely to vary according to the stage of the business cycle and the bank’s own financial situation. In ...
... Do banks adjust their capital ratios to meet the requirements by increasing capital or reducing riskweighted assets? Banks’ reactions to hitting regulatory constraints on their capital ratios are likely to vary according to the stage of the business cycle and the bank’s own financial situation. In ...
Implementing Basel III capital reforms in Australia
... the regional or mid-tier banks and a number of foreign branch operations. These ADIs represent over 95 per cent of the $3.2 trillion in total ADI assets. The Australian banking system is highly concentrated within the major domestic retail operations, with the four largest banks comprising over 75 p ...
... the regional or mid-tier banks and a number of foreign branch operations. These ADIs represent over 95 per cent of the $3.2 trillion in total ADI assets. The Australian banking system is highly concentrated within the major domestic retail operations, with the four largest banks comprising over 75 p ...
monetary reform - a better monetary system for iceland
... Indeed, commercial banks expanded the money supply nineteen-‐fold in the fourteen year period that ended with the banking crisis of 2008. There is also indication that the fractional reserve system ...
... Indeed, commercial banks expanded the money supply nineteen-‐fold in the fourteen year period that ended with the banking crisis of 2008. There is also indication that the fractional reserve system ...
Review of the Differentiated Nature and Scope of Financial Regulation
... Hedge funds, especially the largest of them, could have a systemic impact on financial stability. Failure in particular of a large, highly leveraged hedge fund might not only impact its investors, but also financial institutions and markets. Yet hedge funds are perceived as largely unregulated becau ...
... Hedge funds, especially the largest of them, could have a systemic impact on financial stability. Failure in particular of a large, highly leveraged hedge fund might not only impact its investors, but also financial institutions and markets. Yet hedge funds are perceived as largely unregulated becau ...
