Economic and Regulatory Capital in Banking: What is the Difference?∗ Abel Elizalde Rafael Repullo CEMFI and UPNA CEMFI and CEPR July 2006 Abstract We analyze the determinants of regulatory capital (the minimum required by regulation)‚ economic capital (that chosen by shareholders without regulation)‚ and actual capital (that chosen with regulation) in the single risk factor model of Basel II. We show that variables that only affect economic capital‚ such as the intermediation margin
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The “Petrov Affair” started in April 1954 when Vladimir Petrov and his wife Edvokia defected to Australia. The affair finally finished today‚ the 11th of December 1955; a day after the Federal Election in Australia when Robert Menzies was elected. The Events That Saw It Unfold The Petrov Affair occurred around the 3rd of April last year‚ when Vladimir Petrov‚ who was the cause of the Petrov Affair‚ defected to Australia under top-secret conditions. On arrival in Sydney‚ he was taken to a safe
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Critical Essay by Martin Simpson SOURCE: Simpson‚ Martin. "Chopin’s "A Shameful Affair."" Explicator‚ 45‚ no. 1 (fall 1986): 59-60. In the following essay‚ Simpson discusses images of nature and society in "A Shameful Affair." Mildred Orme‚ in Kate Chopin’s "A Shameful Affair‚" is a socially conventional and sexually repressed young woman who has come to the Kraummer farm to escape the sexual demands that were made on her in civilized‚ urban society. Chopin uses fertile nature imagery to
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Monstrous Debt Pakistan’s chief problem is a monstrous debt. Without monetary resources with which to fight the numerous problems of the nation‚ Pakistan remains overpopulated and poor. | Sources of debt | Large military spending | Long‚ costly war with India | | | Trade imbalance | Imports exceed exports | | | Power/Fossil fuel issues | | | Debt controls budget | Loans total 25% of revenues | | Loan repayments equal 50% of expenditures | | | Social‚ economic‚ and
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Nigerian History and Current Affairs April 2013 Vol. 3.9 Compilation by www.promong.com Promoting brands nationwide …more than 10‚000 monthly downloads !!! Origination‚ Information and Statistics Current Ministers as @ April 2013 Top Officials in Government States Data and Governors Addresses of Federal Ministries Addresses of State Liaison Offices Past and Present Leaders 1960 -2013 Foreign Leaders
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October 15‚ 2013 Student Affairs Event For a student affairs event‚ I attended a Brilliant Bobcat Workshop. The event was called U-Turn and was very informative. U-Turn was about helping with turning your academic life around. It was a presentation to help show that if you are put on academic probation or going in the wrong direction‚ that there is still hope and a chance to turn your academic life around. The thing I found most helpful to me was the resources that are found on campus.
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The extract taken from the novel “A parliamentary affair» is under discourse analysis. It belongs to the genre of fiction prose. The story is told by the third-person narrator from Karen’s point of view. The point of view in the story is elaborated on the cognitive level mostly. With the help of it we may witness her critical thinking. The technique of free-indirect thought is also elaborated in the text and it gives an insight into her inner thoughts. God knows where‚ probably with Roger‚ How odd
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REGULATORY BODIES OF INDIA Financial Stability and Development council: The idea was first mooted in a committee headed by Raghuram Rajan in 1998. It is an apex regulatory body constituted by Government of India. It is an initiative to be better prepared for any future economic meltdown by regulating the economic assets. The aim of the body is to provide a stable financial sector development and inter-regulatory coordination. The body consists of: Chairperson: The Union Finance Minister of
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Regulatory Agency Paper Michelle Baker HCS 437 February 14‚ 2011 Kelly Carroll Regulatory Agency Paper Vulnerable individuals need to have opportunities to be included in the communities where they live. That includes the choice to direct their own personal outcomes and become integrated in the community with supports tailored to their unique needs. In an effort to achieve equal footing‚ families need to increase the basic understanding in the community of the complexity of living with
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2011 Current Affairs at a Glance JANUARY The Mahatma Gandhi National Rural Employment Guarantee Act‚ UPA’s flagship aam admi scheme‚ turned five on February 2‚ 2011. On January 14‚ the Ministry of Rural Development issued a notification revising the wage rates under the MNREGA from Rs 100 per day to between Rs 117 and Rs 181 (17-30 % hike) in different States. The revision under Section 6(1) of the 2005 Act‚ coming in wake of inflationary pressures on the poor‚ adjusts the wages by indexing it
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