Readings in Financial Institution Management: Modern Techniques for a Global Industry
The market scope and centrality of financial institutions has grown immeasureably in the post-industrial economy. Correspondingly, the range and complexity of financial services is expanding. This volume collects articles from across the Asia-Pacific, exploring and explaining these complexities.
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Theory of risk capital in financial
A critical issue
Measuring market risk within a bank
Part E review questions
The role of capital in financial
Part F review questions
Internal pricing in financial
Commercial loan pricing
A loan pricing case study
The fixed rate home loan debacle
Brochure Press case study
The decline of duration
Why VAR is in vogue
A primer on asset securitization
Offbalance sheet activities
Part G review questions
Managing a trading
Managing trading operations
Part H review questions
activities allocation analysis approach assets Australian banks average balance sheet bank's basis points borrower business units calculated capital charge capital markets capital ratio cash flow cent changes competitive contracts corporate cost of funds credit risk customers debt default deposits duration earnings economic equity estimate example exposure factors financial institutions financial system firm fixed rate foreign exchange future futures contracts hedge income increase industry interest rate risk interest rate swap internal investment issues Journal lenders lending leverage liabilities liquidity loan loss loan portfolio long-term margin market risk market value maturity measure ment million mortgage off-balance sheet operating option payments position potential problem profitability put option RAROC regulators regulatory capital Reserve Bank retail risk capital risk management securities securitisation securitization short-term standard Standard & Poor's strategies structure swap term tion trading transactions transfer pricing treasury volatility X-efficiency yield curve
Page 81 - This symbol is attached to the ratings of instruments with significant noncredit risks. It highlights risks to principal or volatility of expected returns which are not addressed in the credit rating. Examples include: obligations linked or indexed to equities, currencies, or commodities; obligations exposed to severe prepayment risk— such as interest-only or principalonly mortgage securities; and obligations with unusually risky interest terms, such as inverse floaters.
Page 82 - D" is in payment default. The "D" rating category is used when interest payments or principal payments are not made on the date due even if the applicable grace period has not expired, unless S&P believes that such payments will be made during the grace period. The "D...
Page 82 - BBB is regarded as having an adequate capacity to pay inter est and repay principal. Whereas it normally exhibits adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for debt in this category than in higher rated categories. BB, B, CCC, CC, C Debt rated BB , B , CCC , CC and C...
Page 81 - CCC' is currently vulnerable to nonpayment, and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitment on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitment on the obligation. CC An obligation rated 'CC' is currently highly vulnerable to nonpayment.
Page 19 - Office oversees the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to ensure that they are adequately capitalized and operating safely.
Page 472 - Federal examination of financial institutions by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of Thrift Supervision and the National Credit Union Administration, and make recommendations to promote uniformity in the supervision of these financial institutions.
Page 153 - A good deal of the corporate planning I have observed is like a ritual rain dance; it has no effect on the weather that follows, but those who engage in it think it does.
Page 81 - BB but the obligor currently has the capacity to meet its financial commitment on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitment on the obligation CCC An obligation rated CCC...
Page 82 - BB is less vulnerable to nonpayment than other speculative issues. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions which could lead to the obligor's inadequate capacity to meet its financial commitment on the obligation B An obligation rated B...
Page 81 - AA' to 'CCC' may be modified by the addition of a plus or minus Sign to show relative standing within the...