VaR‚ Stressed VaR‚ and Expected Shortfall Jim Chen* This note summarizes the measurement of market risk in the trading book under the most recent accords of the Basel Committee on Banking Regulation‚ known as Basel II‚ 2.5‚ and III. Each of these three accords on global banking regulation has embraced a different primary measure of market risk: traditional value-at-risk (VaR)‚ stressed VaR‚ and expected shortfall. After introducing the mathematics of VaR and expected shortfall‚ this note will
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If I was stuck at one age it would be 5. Just like Peter Pan‚ not wanting to grow up. He didn’t want to and neither do I. The little things you have to do would be awesome. That’s why i’d choose 5. The reason I would like to be stuck at the age of five is because you have no responsibilities yet. You don’t have to take out the trash or feed the dogs. You wouldn’t have to help around th house. Plus for birthdays‚ christmas and other holidays you still get more presents. All I would have to do
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World War Ⅰ was a war that affected the whole world‚ it caused many countries to go bankrupt and created more than one new rivalry between countries in the process. Eighteen different countries involved in World War I‚ and that is not counting all of the colonies belonging to the involved countries that were forced to give financial and/or militaristic support. There were situations that led up to and caused World War I but three of the main reasons were Balkan nationalism‚ entangling alliances‚
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If I didn’t see it in a magazine‚ on a billboard‚ or across my television how did I know I wanted it? As a teenager I can’t be expected to know what I want for myself‚ I can’t be expected to be confident to make those decisions on my own‚ or to even trust in my own parents to make them for me. I need to have mass media make those decisions for me. A teenager seems to always know which brand is the better brand‚ not based on what anything to do with quality; it has everything to do with the saturation
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I woke up like any other day. I sat straight up and looked around‚ as I looked I thought how in the world am I not dead yet? Everyday that we woke up alive to me was a blessed day. To many it was the worst possible thing because they all just wanted to die away from the pain. Our beds were made of concrete‚ we went to bed in pain and woke up in pain and that was my life for about 7 months. You had to get use to everyday things or else you would die away like everyone else. I didn’t want anything
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Whenever I write an essay‚ I constantly suppress myself under an obsession that must be perfect. And the only few words are written of the paper. I am confined to such feelings for what‚ I can not know. I’m exhausted while I’m suppressing. And I ask in prison that imprison myself. ’What is writing for who.’ However it is not be changed even if I ask again and again. Always I can’t answer. To say ’for myself’‚ I do not like too suppression of this prison‚ it is not be changed. I can’t answer again
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If I was added to the story I would be in place of LOD. I would have taken the helicopter with my pilots and instead of trying to land I would have jumped out. I would have hand glided or based jump out with a wingsuit and flew down to the campers and it would have stopped pat and coop from finding us. I also would have captured Kate and kept her in my camper. If I was LOD I also would have put coop pat and Alex into a one-way glass box they can’t see out but I could see in. Finally‚ I would have
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“Before I was‚ There Were...” I have so many relatives and all of them have done so much for me. My mom’s parents who are Kathey Sigmon and Jerry Carrigan are my grandparents‚ but they divorced and my grandma remarried to Bob Sigmon. My mom had a sister named Emily Sigmon and brother named Nick Carrigan. My grandma Kathey had two sisters name Faye Shew and Sue Robinette. My great grandmother Faye Carrigan is the mother of Jerry Carrigan‚ she has a sister named Nell-Rose Stafford but she passed
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So i have to do a 5 minute speech on what belonging is and stuff. I need a book/movie etc. that has something to do with belonging or not belonging that i can use for examples and relate my speech to. And i for the life of me can’t think of anything good!!! which is really annoying cause i know i have probably come across thousands of worthy choices in my life. \ So any book or movie or even poem that has themes of belonging/not belonging would be really helpful. (the only one i can think of at
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If I were a bird! As a little bird-maybe a nightingale or an innocent dove-if I were born on this earth‚ I would have been very happy. As a nightingale‚ I would be adored by the people for my sweet songs. I would have built my tiny nest on the top branch of a tree. My nest would give shelter to me and my brethren. From the top of the tree‚ I could see the greenery of the fields‚ the flowing rivers and the far horizon. In a storm‚ my nest would be swung to and fro‚ without being detached from the
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