standing committees of the financial stability oversight council

... the financial stability risks posed by MMFs Concluding Remarks We support the Council s efforts to address the structural vulnerabilities of MMFs by releasing the Proposal We agree with the Council s ... confidence that the size of the buffer is adequate to absorb likely losses Accordingly, the size of an appropriate NAV buffer should depend, in part, on the level of risk in a fund and the level of diversification ... calculation of the size of the NAV buffer established to absorb day-to-day fluctuations in the value of the fund’s assets and an inequitable distribution of assets between stable NAV share owners and the...

Ngày tải lên: 19/02/2014, 15:20

... in the following sections -12- III HISTORY OF REFORM EFFORTS AND ROLE OF THE FINANCIAL STABILITY OVERSIGHT COUNCIL A REFORM EFFORTS TO DATE Following the financial crisis, the Department of the ... the Chairperson of the Council, Treasury Secretary Geithner, sent a letter to Council members urging the Council to take action in the absence of the SEC doing so B ROLE OF THE COUNCIL AND DODD-FRANK ... including whether the fund should discontinue the use of these methods and re-price the securities of the fund at a value other than $1.00 per share, an event known as “breaking the buck” (i.e., the fund...

Ngày tải lên: 07/03/2014, 08:20

... An Overview of the Financial System • Primary function of the Financial System is financial Intermediation • The channeling of funds from households, firms and governments ... shortage of funds (borrowers) • Direct finance vs Indirect finance 2-2 An Overview of the Financial System II 2-3 Structure of Financial Markets I Debt Markets • Short-term (maturity < year) – the ... other than the country in which it is sold • Eurocurrencies – foreign currencies deposited in banks outside the home country 2- World Stock Markets 2- Function of Financial Intermediaries I Financial...

Ngày tải lên: 05/01/2014, 16:55

... entirely those of the author(s) and not necessarily represent the view of the African Development Bank, its Board of Directors, or the countries they represent The Policy Briefs on the Financial Crisis ... 1.2 The latest key features of the crisis since the last meeting include : • A slowdown in the downward trend of commodity prices For example, a barrel of crude oil was trading at USD 45 at the ... economies to fulfil their promises of trade liberalization In this regard, the G20 can promote (i) the restoration of access to financing for African countries; and (ii) the reduction of the continent’s...

Ngày tải lên: 17/02/2014, 21:20

... Development, the Office of the Comptroller of the Currency, the Office of Federal Housing Enterprise Oversight (and its successor, the Federal Housing Finance Agency), the Office of Thrift Supervision, the ... the President, the Congress, and the American people the results of its examination and its conclusions as to the causes of the crisis More than two years after the worst of the financial crisis, ... at the end of chapters in Parts III, IV, and V of this report The subject of this report is of no small consequence to this nation The profound events of  and  were neither bumps in the...

Ngày tải lên: 06/03/2014, 09:22

... completed at the end of 2012, FTA decided to add a new element to the scope of the audit: the effectiveness of the relationship between the SSO agency and the rail transit agency This audit of TOC, ... Memorandum of Understanding among the District of Columbia, Office of Mass Transit; the Commonwealth of Virginia, Virginia Department of Rail and Public Transportation; and the State of Maryland, ... in the Memorandum of Understanding, TOC is composed of six representatives—two each from Maryland, Virginia, and the District of Columbia Each of the three parties to the Memorandum of Understanding...

Ngày tải lên: 23/03/2014, 04:20

... poverty.1,2 The financial services sector is the largest in the BOX THE ROLE OF LOCAL FINANCIAL INSTITUTIONS world in terms of earnings, comprised of a wide While an in-depth discussion is outside the ... the top tiers of the economic pyramid.3 One of the most critical obstacles to financial inclusion is informality The poor often live and work in the informal sector, lacking legal ownership of ... change in the industry At the Financial Sector Summit in 2002, the industry effectively voted for the latter option.84 Activities Following the Financial Sector Summit, the Banking Council and the...

Ngày tải lên: 29/03/2014, 08:20

... from the councils of the National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine The members of the committee responsible for the report were chosen for their ... 133 Understanding the Birth of the Universe, 140 Understanding the Destiny of the Universe, 144 Exploring the Unification of the Forces from Underground, 148 Exploring the Basic Laws of Physics ... secure the services of eminent members of appropriate professions in the examination of policy matters pertaining to the health of the public The Institute acts under the responsibility given to the...

Ngày tải lên: 24/04/2014, 17:17

Ngày tải lên: 08/05/2014, 10:09

... volume” of the solute, solubility is predicted This is satisfied if the distance from the center of the solvent sphere to the center of the solute sphere (Rij) is smaller than the radius of the solute ... fines • The water content of the bio-oil • The extent of contamination of the bio-oil during storage by corrosion or leaching of the containers • Exposure to air during storage • The length of storage ... during pyrolysis • The extent of vapor dilution in the reactor • The time and temperature history of the vapors in the reactor • The time and temperature history of the vapors in the heated transfer...

Ngày tải lên: 19/06/2014, 14:02

... Options, other derivatives, and the like are all part of the market’s offering And as the sophistication of assets traded has increased, so have the methods by which they are traded From the early ... with the complexities of the stock market may be struck by the brevity of this book Our goal is not to cover the entire landscape encompassing the stock market and its related areas What the book ... Philipson, for conceiving the idea of the series and for sponsoring it within Greenwood Press Series Foreword xiii The overriding purpose of each of these books and the series as a whole is,...

Ngày tải lên: 20/06/2014, 21:20

... each of these events impacted how the market functions, even today THE PANIC OF 1907 The final decade of the 1800s is often referred to as the ‘‘Golden Age’’ in U.S economic history A time of seemingly ... episodes that affected the market and its development: the Panic of 1907, the Great Crash of 1929, the Crash of 1987, and the Crash of 2000 Aside from some similarities, the circumstances leading ... recovering from the events of 1857, stocks faced another setback with the onset of the Civil War By war’s end, however, the market was poised for another upward run The nature of Wall Street had...

Ngày tải lên: 20/06/2014, 21:20

... share of any excess in the value of the assets over the liabilities that have been paid off A share of common stock also gives the shareholder a right to vote in the election of the board of directors ... one-fifteenth of the firm compared with the original claim to one-tenth of the firm Because of this effect, the original shareholders (owners) of the firm must approve secondary offerings They would ... devaluation of the Thai baht, the crisis spread to the currencies of other countries, including South Korea, Indonesia, Malaysia, and the Philippines There are several theories, but the most popular...

Ngày tải lên: 20/06/2014, 21:20

... In the case of a two for one stock split, the owner of one share of stock prior to the split is given another share This action does not affect the underlying value of the corporation, so the ... prices that make up the index The level of the index means little in and of itself Rather, what is important to an investor is how the index changes over time The change of the index, not its ... OTHER INDEXES The Russell and the Wilshire indexes, like the S&P 500, track the stock prices of a wide variety of companies These indexes include many smaller corporations not found in the others...

Ngày tải lên: 20/06/2014, 21:20

... the expenses of the mutual fund These expenses include payments to the managers of the fund who select the securities bought by the fund, and expenses associated with maintaining the fund’s of ces, ... the 78 The Stock Market buyer to take delivery of the underlying commodity at a future date On the other side of the transaction, the contract calls on the seller to make delivery of the commodity ... role in the economic and financial well-being of a country In the United States, there are three major exchanges, the NYSE, the NASDAQ, and the AMEX On these exchanges there are thousands of companies...

Ngày tải lên: 20/06/2014, 21:20

... recommendations to the President, to the Secretary of the Treasury, and to the Chairman of the Board of Governors of the Federal Reserve System.6 Regulation of the Stock Market 93 The findings of the Task ... move to impose a blanket of federal government oversight of the securities markets ‘‘marked the end of the era of free enterprise capitalism and the beginning of the period of controlled capitalism.’’3 ... contract, the put option In the case of a put option the buyer of the option contract has the option to sell the underlying asset back to the writer of the option at a preagreed upon price (the exercise...

Ngày tải lên: 20/06/2014, 21:20

... The gist of their response was that, while they had their finger on the pulse and their eye on the data, they had made two related diagnostic mistakes: the error of extrapolation and the (rather ... characteristic of the global political economy was the reversal of the flow of trade and capital surpluses between the United States and the rest of the world The hegemon, for the first time ... culture, on the wizardry of Wall Street and on the brilliance of the post-Big Bang City of London, the news of the Crash, its sights and sounds as they were beamed all over the world, filled the European...

Ngày tải lên: 03/11/2014, 13:49

... Note: The arrows reflect the direction of the flow of funds Setting the Stage for Financial Meltdown 13 The loan’s risk determines the terms of the syndicated loan Primary market pricing of the ... leveraged loans are often pooled together and securitized in the form of CLOs Once the terms of the loan syndication are set, they cannot be changed without the agreement of the members of the loan syndicate ... Thus, the borrower is guaranteed the full face value of the loan Best efforts deals The size of the loan is determined by the commitments of banks that agree to participate in the syndication The...

Ngày tải lên: 03/11/2014, 14:38

... features of the empirical tests of this thesis in comparison to those in the literature of the information content theory Firstly, the aim of the thesis is to find out the nature of the information ... represent the interest of the company, not of the group they represent The advantage of Germany-Japan model is that, the banks and other large shareholders can, with the majority shares they hold of ... with the major shareholders, they may also pursue their common interests at the cost of minor shareholders Therefore, the objectives of this thesis are as follows It is hypothesized that the financial...

Ngày tải lên: 15/09/2015, 21:59