Applied Portfolio & Risk Management Assignment II - An analysis & back testing of Value-at-Risk and Expected Shortfall estimates. Harry Barrett – 11411698 Sean O’Driscoll - 11366676 Robert Campbell - 11477498 Rory O’Doherty - 11356366 Sean Stapleton - 11414938 FIN30240: Applied Portfolio & Risk Management Motivation We will undertake an analysis of two of the most commonly used risk measures‚ Value-atRisk (VaR) and Expected Shortfall (ES). We chose to research these measurement metrics as the
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Directed toward the future Enables a community to determine what they want to be and how to get there Sets goals and priorities Involves ◦ choices/decisions ◦ politics ◦ bargaining/compromise ◦ Values Encompasses ◦ Formation ◦ Supervision ◦ Revision
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The main strategic aim and objective for the nearest period is a dynamic development of the Bank and achievement of a qualitatively new level with the standards of the Basel Committee on Banking Supervision. The development strategy of the Bank is based on the components‚ which together will ensure strengthen of the financial and economic situation of the Bank and the preservation of its credibility with its customers. Main strategic aims of Joint Stock Commercial Bank «APABANK» (Closed Joint Stock
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expand revenue base which is an activiy that taps funds that may be used as grants to calamity affected provinces.(“league of provinces”‚ n.d.). another government project that is trying to improve the quality of life in the philippines include the Diversified Farm Income and Market Development Project (DFIMDP) with aims to ensure the availability of financial resouces to help the department of agricultue develop market to promote competition for agriculture and fisheries(“Philippine LGU Assistane Portal”
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could be established anywhere in Mexico. Maquiladora means "apparel for export‚" reflecting the early assumption that most factories would produce textiles. Nearly 50 years after the initial setup of the Maquiladoras‚ the production is much more diversified‚ for example‚ textile represents 28% of the production whereas electronics represent 16%‚ other manufacturing 15% and furniture assembly 11%. The Maquiladora program offers a great opportunity to recruit or contract a varied workforce at very
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marginal. The government’s concern that financial liberalization may lead to a banking crisis that may culminate into an economic crisis is also misplaced. Empirical studies provide evidence that as regulatory and supervisory tools are upgraded and as supervision becomes increasingly vigorous‚ the probability of a banking crisis significantly diminishes. It is time to recognize this contradiction and it would be wise to begin the process of vigorous reform to achieve financial strength. Global experience
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in different dimensions including: (i) scale efficiency‚ which refers to relationship between the level of output and the average cost of Private Banks; (ii) Scope efficiency‚ which refers to relationship between average cost and production of diversified output varieties; and (iii) Operational efficiency‚ a wide concept sometimes referred to as x-efficiency‚ which measures deviation from the cost efficient frontier that represents the maximum attainable output for the given level of inputs. With
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German culture is diverse and complex. One way to evalutate the culture is to use Geert Hofstede’s five dimensions which helps to illustrate values that are embedded into the German people and how behavior manifests itself in a work related context. The German culture can be described as having a low power distance as they strongly expect power to be distributed equally. This is evident by the solid co-determination rights held for employees. Germans also demonstrate a high degree of uncertainty
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Industry Visit – NeWater Plant An industry visit to Changi NeWater plant took place on 22nd February 2013 under the supervision of Amity faculty‚ Aditya Gupta. It was for a duration of 3 hours and our guide in NeWater was Sharul Mustafa. The guide gave a brief history about Singapore and the reasons why this plant was started. It was a very informative and enriching experience that helped us in understanding the value of nature and optimizing use of limited resources. As a souvenir a bottle of NeWater
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using instead of protection. And stakeholder involvement is not always implemented. Consequently‚ this report is going to provide recommendation on ecotourism development. To improve sustainability of tourism development‚ it is necessary to combine diversified strategies to guarantee the environmental protection along the whole process of ecotourism. To avoid the false marketing behaviour to replace natural tourism by ecotourism to misleading tourists‚ government and tourism institution should design
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