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Bankruptcy Risk
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
by Paramdeep
July 22nd, 2011
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FRM 2010 November Exam Details
GARP www.garp.com, FRM Exam is to be held on November 20, 2010. The registeration for the exam is started from 1st June, 2010. This time GARP has introduced a new exam format, with the exam consisting of two parts. Both the parts have different format and structure in terms of fees, syllabus and topics covered. Passing in the first part is mandatory for level 2 to be graded. If a candidate fails in part 1, part 2 will not be graded. Hence, next time if the candidate re registers he has to enroll for both the parts. Part1 Details - Total Number of Questions 100 MCQ’s, Time 4 hour topics with weightage Foundation of Risk Management 20% Quantitative Analysis 20% Financial Markets and Products 30% Valuation and Risk Models 30%
by EduPristine
June 7th, 2010
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FRM Summarized Recordings
ope your preparation for the FRM Exam is going well, given the large number of concepts and formulas involved in the FRM Examination, one is bound to be lost in the maze. If we take a detailed look, there would be more than 1000 concepts and formulas to be covered for FRM Part I exam
by EduPristine
May 3rd, 2010
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World Economy : Is the "Worst Over" ?
At a recent informal meet in Canada, Finance ministers from the world’s top seven industrialised (G7) nations wound up their informal chats, summed up that the worst for the economic crises was over. But at the same admitted that the recovery from the global recession is still weak. Expressing cautious optimism over the recovery, they said their governments would continue with stimulus spending to speed up the recovery process. This is important, because the world economy stands in a very vulnerable state at the moment and one misguided step can make the economy slip back to the state it was a year back or maybe worse. This is IMF’s take on the present situation: THE GLOBAL economy appears to be recovering and the worst is definitely over, chairman of the International Monetary Fund Youssef Boutros-Ghali said last week.
by EduPristine
April 24th, 2010
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Key Individual Risk Management: Learning from the Polish Tragedy
The tragedy involving Poland’s president and other key political, military and civilian officials in a airplane landing crash clearly underlines the significance of having an effective individual risk management strategy in place. It has prompted some corporations to review their procedures for protecting executives and other valued employees. Polish President Kaczynski, his wife along with other key officials perished earlier this month when the “Tupolev Tu-154″ plane, part of the government fleet crashed while landing in dense fog at Smolensk, Russia. The President’s visit was on account of a ceremony commemorating the 1940 Soviet massacre of Polish military officers and civilians. The accident exposes how unprofessionally many governments manage the risk of losing key leaders. It is unlikely that a risk-savvy company in charge of such an event would have let such important group of individuals to travel together.
by EduPristine
April 20th, 2010
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Reputation Risk management
As risk management continues its evolution, reputation management is emerging as a key issue for all enterprises. In a world economy that is both global and volatile, intangible assets have become a significant chunk of wealth of many companies. Although some assets, like copyrights and licences, brands and leases, may be assessed, the composite ‘reputation’– defined here as the excess value over the total physical assets – can only be derived from the financial market’s evaluation of the company’s shares. There are factoes that impact the long-term reputational standing of any organisation, and these apply to not-for-profit entities as well as to local authorities and public or private healthcare providers. Managing reputation is therefore an essential part of the strategic role of the board of directors of a firm, who need to take into account all stakeholders, whose perception of the organisation will determine its reputation. Risks or uncertainties needto be addressed in a holistic systemic approach, as there is no such thing as reputation risks rather, all risks may impact on reputation. Thus the best management of risks to reputation is sound enterprise-wide risk management and governance, where all insiders are involved and external interests are taken into account.
by EduPristine
April 16th, 2010
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US Financial Regulation Reform
Hope the Europeans and Asians take the cue and initiate an earnest effort in this direction before it gets too late.
by EduPristine
April 8th, 2010
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Rebounding from the Recession
With the world economy on path of recovery, banks around the world are starting to wrap-up emergency monetary-policy measures. Some have begun to raise benchmark interest rates, and many more are expected to follow this year. All this at a time when the recovery in many economies remains shaky will be tricky, and a capricious exit from expansionary policies might lead to macroeconomic and financial-market turmoil. The normalisation of monetary policy presents two broad category risks on a macro-level. The first and the most ominous is that policymakers in key economies will miss the boat: tightening too much, too little or doing it at the wrong time. Capping supportive policies before the economy is able to get back on its feet could impede the recovery preocess.; and if this were to occur in the developed countries, it would imperil global GDP growth.
by EduPristine
April 2nd, 2010
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Boot Strap Method
Boot Strap method is used to calculate the spot rate curve, when the prices of the bonds of different maturity and the coupon payment associated with the bond is available. I have attached an excel sheet which describes the process of calculating 4 spot rates when prices of 4 bonds of different maturity are available. Tags: Boot Strap Method, CFA, CFA 2010, cfa 2011, cfa exam, CFA training, FRM, FRM 2010, risk management positions.
by EduPristine
March 31st, 2010
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Risk Management from Project Manager's Perspective
The Key to Effective Project Risk Management Effective project risk management is very significant for the success of a project. Project risks which remain unidentified or which are not controlled in any manner are bound to eventually to undermine all other areas of project management. Specifically, projects risks that are not adequately managed impact the time, quality and financial constraints of a project or even the organisation as a whole. How to define Project Risk Management? Project Risk management is a proactive process for the identification, assessment and management of risks. In the project management context, the fundamental idea remains the same. Project risk management is a process of looking forward, identifying potential risks, analysing and assessing them and then putting plans in place to measure or cater to them.
by EduPristine
March 29th, 2010
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