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Pillar 3 Risk and Capital Management Report 2016
Pillar 3 Risk and Capital Management Report 2016

... IRRBB % ordinary shareholders’ equity ...
More Finance Questions
More Finance Questions

Q4 and Annual 2016 Results
Q4 and Annual 2016 Results

... knows and expects today to make a statement about the future. Forward-looking statements may include words such as aim, anticipate, assumption, believe, could, expect, goal, guidance, intend, may, objective, outlook, plan, project, seek, should, strategy, strive, target, and will. Forward-looking st ...
Report - Millennium Hotels and Resorts
Report - Millennium Hotels and Resorts

Avalon Advanced Materials Inc. (Form: 20-F
Avalon Advanced Materials Inc. (Form: 20-F

... which these forward-looking statements are based will occur. The forward-looking statements contained herein are made as of the date of this Annual Report and are expressly qualified in their entirety by this cautionary statement. Readers should not place undue reliance on the forward-looking statem ...
Joint Stock Company “NORVIK BANKA” Consolidated and Separate
Joint Stock Company “NORVIK BANKA” Consolidated and Separate

... 2016 has undeniably been important for the development of AS “Norvik Banka” (the Bank). The Bank has shown strong progress in moving towards its established goals. The management considered 2016 to be a successful though challenging period on the way to ensuring the Bank’s long-term and effective pr ...
greenland benchmarking report 2016
greenland benchmarking report 2016

... The Greenland Benchmarking Report 2016 is created with the aim of providing a detailed overview of Greenland’s economic conditions, business environment and key economic sectors. Greenland’s performance is also benchmarked against countries in the Arctic region, selected emerging economies, several ...
Sukuk: The Sharia Fixed Income Alternative Strategy
Sukuk: The Sharia Fixed Income Alternative Strategy

... in Islam as it can constitute interest. As these laws prohibit interest in any form, the entire transaction would become invalid if it occurs. Hence, the risk related to credit arises, based on the assumption that the debt may be irrecoverable at the end of the maturity period. • Coupon (profit rat ...
Determinants of Capital Structure: Evidence from a Major
Determinants of Capital Structure: Evidence from a Major

Title of the presentation on two or three lines - e-MFP
Title of the presentation on two or three lines - e-MFP

...  Yet, microfinance faces specific challenges:  Weak supervisory and regulatory authorities  Weak relations between MFIs and an often failing banking sector  Need to manage arrears as a result of external shocks  Risk of over-investment by funders because of limited absorption capacity  Risk of ...
IFRS 17 Insurance Contracts
IFRS 17 Insurance Contracts

Changing Business Practices in a New Regulatory Environment
Changing Business Practices in a New Regulatory Environment

... environment and identified a problem; FX Structuring needed to deal with new regulations and controls that arrived too quickly for them to do anything other than adapt. It did not have time to educate others on all the changes. It seems unlikely that these changes will be the final substantive chang ...
A Returns-Based Representation of Earnings Quality
A Returns-Based Representation of Earnings Quality

... estimation, biases the sample toward surviving firms which tend to be larger and more profitable. To illustrate this point, we refer to Table 1 of Dechow-Dichev (2002), showing the derivation of their sample used to measure accruals quality as the mapping of current accruals into this year’s, last y ...
CSL Limited Financial Report 1999-2000
CSL Limited Financial Report 1999-2000

... financial year were the research, development, manufacture, marketing and distribution of pharmaceutical and allied products. No significant change in the nature of those activities has taken place during that period. ...
Differences in target-firm characteristics and premiums paid by
Differences in target-firm characteristics and premiums paid by

... This study will try to fill the gap in academic literature for horizontal mergers and help the discussion whether private equity firms are able to pay a lower premium gain for target shareholders, based on the characteristics and premiums paid. The existing literature does not find unanimous results ...
NATIONAL WESTMINSTER BANK PLC /ENG/ (Form: 6-K
NATIONAL WESTMINSTER BANK PLC /ENG/ (Form: 6-K

... made at book value between fully owned RBS Group entities and will therefore not have an accounting impact, certain transfers will be made at fair value which may result in a profit or loss being recognised by RBS Group entities, including the Bank. In addition, transfers of assets that have related ...
Affine Term Structure Modeling and Macroeconomic Risks at the
Affine Term Structure Modeling and Macroeconomic Risks at the

... term structures of interest rates, expectations of ination and expectations on long-term nominal interest rates at dierent horizons as measured by surveys of professional forecasters. Even though the latter are only measured quarterly, the recent quadratic Kalman lter (see Monfort, Renne, and Rou ...
Does Financial Development Volatility Affect Industrial Growth
Does Financial Development Volatility Affect Industrial Growth

... external dependence (in jth industry) and financial development (in kth country) along with other controls, Larrain (2006) finds a significantly negative coefficient on the interaction term, arguing that lower volatility output occurs in sectors with higher external dependence and in countries with ...
Similarities and Differences between US and German Regulation of
Similarities and Differences between US and German Regulation of

... considered representative of the broader EU-wide regulation in this study; however, it is important to note that the implementation date and/or details of regulation in other EU-countries may differ. Funds might use derivatives for various reasons, e.g., to hedge interest rates, currency, or market ...
China National Materials Company Limited
China National Materials Company Limited

... Hong Kong Stock Exchange on 20 December 2007. The Company is mainly engaged in cement equipment and engineering services, cement and high-tech materials businesses. The Company possesses series of core technologies such as glass fiber, composite materials, synthetic crystals, advanced ceramics and n ...
Competition, Reach for Yield, and Money Market Funds
Competition, Reach for Yield, and Money Market Funds

... only two players (winner and loser). Basak and Makarov (2012) solve a tournament with a continuum of funds assuming that a fund’s payoff only depends on its performance relative to the average. The methodological contribution of this paper is to develop a technique to solve tournaments with a contin ...
Inflation, default and sovereign debt
Inflation, default and sovereign debt

Analysing and Decomposing the Sources of Added
Analysing and Decomposing the Sources of Added

... 0 the weights to allocate to the various assets, and then does not trade until date T. This assumption may seem at odds with the industry practice, which is closer to a fixed-mix strategy: that is, the portfolio has constant weights over time, as opposed to having constant numbers of shares of each ...
Common Characteristics of New Firms that Initiate Dividends
Common Characteristics of New Firms that Initiate Dividends

... as institutional investors who will monitor them and validate the superior future prospects of their firms. We investigate the predictions of both the JW-genre models that relate DI to the need to raise funds in the future and the ABW model that relates DI to the need to attract informed clienteles. ...
The Implementation Of Monetary Policy: Lessons From The Crisis
The Implementation Of Monetary Policy: Lessons From The Crisis

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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