NOTE ON NON-BANKING FINANCIAL COMPANIES DEFINITION OF NON BANKING FINANCIAL COMPANY Prior to enactment of RBI (Amendment) act, 1997 w.e.f. 9.1.1997 the RBI Act,1934 did not contain a definition for NBFC. Clause (f) of section 45-I inserted by RBI (Amendment) Act 1997, provided the definition of a NBFC. According to this clause: NBFC means- (i) a financial institution which is a company; (ii) a non- banking institution which is a company and which has as its principal
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FINC/070 CO PY IBS Center for Management Research Commercial Paper Market in India D O N O T This case was written by Nitya Nand Tripathi, IBS Center for Management Research and D.S. Chary, IBS, Hyderabad. It was compiled from published sources, and is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. 2011, IBS Center for Management Research. All rights reserved. To
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that impacts their value. The hypothesis implies that the prices in the market are mostly wrong, and it is hard to say whether they are too high or too low. Regulators wrongly believed that financial firms were offsetting their credit risks, while the banks and credit rating agencies underestimated the risk in real estate. EMH is not an excuse by the CEOs and regulators of failed financial firms. After the 1982 recession, the U.S. and world economies entered into a long fluctuations period which called
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As the chairman of the Finance Committees of the House and Senate, he made a significant contribution to rescue the Subprime Crises effort in United States. I have some recommendations to him for this terrible events. In the first place, I think that the investment banks need to be combined with the commercial banks. There are several reasons why I suggest him. During the Subprime Crises from 2007 to 2009, the leverage of the investment banks were so high. The investment banks with the high leverage
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Journal of Financial Economics 105 (2012) 607–621 Contents lists available at SciVerse ScienceDirect Journal of Financial Economics journal homepage: www.elsevier.com/locate/jfec Does it matter who pays for bond ratings? Historical evidence$ John (Xuefeng) Jiang a,n, Mary Harris Stanford b, Yuan Xie c a Eli Broad College of Business, Michigan State University, N252 Business Complex, East Lansing, MI 48824, USA M. J. Neeley School of Business, Texas Christian University, Fort Worth
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maintenance of financial flexibility, and the preservation of an investment-grade bond rating. Complicating the assessment are low growth and technological obsolescence in the firm’s core business. The student must recommend an appropriate financial policy for the firm and, in support of that recommendation, must show the impact on the firm’s cost of capital, financial flexibility (i.e., unused debt capacity), bond rating, and other considerations. This case may be used to pursue a number of teaching
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The Pakistan Credit Rating Agency Limited CEMENT – AN OVERVIEW FEBRUARY 2014 CEMENT The Pakistan Credit Rating Agency Limited CEMENT – AN OVERVIEW SECTOR STUDY STUDY CONTENTS Summary Sector Study: Global Cement Industry Pakistan Industry Business Risk Financial Risk Outlook PAGE 1 2 2 4 6 7 February 2014 www.pacra.com SECTOR STUDY The Pakistan Credit Rating Agency Limited CEMENT – AN OVERVIEW (FEBRUARY 2014) SECTOR DYNAMICS Business Risk Outlook Medium Stable to
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The inclusive dates for the fiscal year for the Comprehensive Annual Financial Report (CAFR) for the City of San Francisco, CA are 2010-11. The independent auditor for San Francisco’s CAFR is Macia Gini & O’Connell LLP (MGO) located at 505 14th Street in Oakland, California. The auditor states that their audit was in accordance with auditing standards generally accepted in the United States of America. Those statements require the planning and performing of the audit to obtain reasonable assurance
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Tarunkumar Patel MGMT 407-10 Executive Leadership Course Paper Topic: Crisis Management Instructor: Mr. Cleamon Moorer Introduction: I decide to work on a topic of Crisis Management. It is the process of preparing for and responding to an unpredictable negative event to prevent it from escalating into an even bigger problem, or worse, exploding into a full-blown, widespread, life-threatening disaster. Crisis management involves the execution of well-coordinated actions to control the damage
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2015 年挑战杯中期论文 互 联 网 全 网 通 行 电 商 信 用 评 级 体 系 的 研 究 与 设 计 小组成员：莫梦晴、宫灿、邱荣基、李皓、林启迪 1 互联网全网通行电商信用评级体系的研究与设计 摘要 20 世纪末，电子商务在我国兴起，得力于互联网的普及以及移动客户端的推广， 在短短 20 年内指数爆炸式地发展，逐渐与传统的线下交易模式相抗衡并有逐步取代的 趋势。然而，在电子商务高速发展的同时，它内在的问题也逐步浮出水面：信息不对 称、虚假交易、恶意评价……现下信用评级系统的缺陷已经成为阻碍电子商务发展的 主要瓶颈，电子商务的信用问题亟待解决。本文通过前期数据、文献、报道的分析， 指出现下电子商务信用评级体系中所存在的问题，提出解决方案，运用层次分析法确 立信用指标的权重建立新的第三方统一信用评级模型，并对技术、政策、运营收入等 方面进行了可行性分析，并通过线上问卷调查的结果分析确认其市场需求。 关键字：电子商务；信用评级；第三方；信用；数据 2 目录 第一章 引言 ........
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