The efforts of the Basel Committee on Banking Supervision BCBS to revise the standards governing the capital adequacy of internationally active banks achieved a critical milestone in the publication of an agreed text in June 2004. The International Convergence of Capital Measurement and Capital Standards: a Revised Framework describes a...
Insurance companies are evaluated by regulators and ratings agencies with respect to the adequacy of their capital. In general, regulatory systems tend to determine capital adequacy in absolute terms whereas rating agencies generally evaluate capital relative to certain thresholds as part of their determination of the company's rating or credit-worthiness....
This briefing presents a comparison of various solvency measurement models and tools, as it is thought that existing capital adequacy models will be a reasonable predictor of Solvency II requirements to the extent that regulatory systems and capital adequacy models are converging. The analysis supports that there is some convergence...
Defined-contribution plans represent a major organizational form for investors' retirement savings. Today more than one third of all workers are enrolled in 401K plans. This paper analyzes the adequacy and characteristics of the choices offered to 401K-plan participants for over 400 plans. It finds that, for 62% of the plans,...
The article examines the risk characteristics and capital adequacy of hedge funds using Value-at-Risk based on Extreme Value Theory as the criterion for measuring risk and estimating capital requirements. Using extensive data on nearly fifteen hundred live and dead hedge funds, its found that only 3.7% live and 11.9% dead...
The commercial auto segment in the United States is experiencing the most adequate pricing in years. Can the commercial auto segment maintain its current adequacy? It will have if it wants to make a profit. This article states that there are a few ways for insurers to maintain price are...
The first step in effective capital management is the assessment of the necessary level of overall capital with which to run the enterprise. The role of capital in the determination of adequate capital levels is industry-specific. To keep the discussion grounded in practical reality, a process is outlined for assessing...
This report describes methods of predicting the performance of light-frame wood structures with emphasis on floor and wall systems. Methods of predicting structural performance, fire safety, and environmental concerns including thermal, moisture, and acoustic performance are addressed in the three major sections. Structural adequacy is the fundamental requirement for light-frame...
This document sets out principles that should serve as the basis for solvency regimes. The terms capital adequacy and solvency regime are defined in Paragraph 25. The paper takes into account details set out in the Issues Paper on Solvency, Solvency Assessment and Actuarial Issues. It is anticipated that further...
This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests...
As part of the evaluation of a title insurer's financial strength, the report makes a qualitative assessment of the insurer's capital adequacy on a risk-adjusted basis. To assist in this assessment, and to support the broader ratings process, the report develops a quantitative model in 1995 that provides the initial...
AppTek, a leader in human language technologyHLT, today released a complete hybrid machine translation HMT system,which is a full integration of a statistical and a rule-based system toprovide the performance and benefits of both in one solution. This is amarked improvement in machine translation MT software in which all...
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A- Excellent and issuer credit rating of "a-" of Consumer Insurance Services Limited CISL New Zealand. The outlook for both ratings is stable. The ratings reflect CISL's consistent operating profitability and improvement in risk-adjusted capitalization....
VANCOUVER, July 14 /PRNewswire-FirstCall/ -- Devonshire Resources Ltd., (TSX-V: DSH, OTCBB: DSHRF) announces that it proposes to raise up to $150,000 through a non-brokered private placement to pursue exploration activities and for working capital. The private placement will consist of 600,000 units at $0.25 per unit. Each...
Newstrike Resources Limited (TSX VENTURE: NR) is commencing a diamond drill program on its Jean property, which is located approximately 100 kilometers northwest of Fort St. James in Central British Columbia. The Jean property was optioned to Newstrike in 2007 when Newstrike constructed road access from the existing main line...
OLDWICK, N.J. -- A.M. Best Co. has downgraded the financial strength rating FSR to B++ Good from A- Excellent and issuer credit rating ICR to "bbb+" from "a-" of MAPFRE Life Insurance Company MAPFRE Life (San Juan, PR). The outlook for both ratings is stable. These rating actions...
Maya Gold & Silver Inc. (TSX VENTURE: MYA) ("Maya") is pleased to announce that it intends to complete a non-brokered private placement of 1,000,000 units at a price of $0.25 per unit for gross proceeds of $250,000. Each unit consists of one common share and one-half of one common share...
WASHINGTON, July 11 /PRNewswire-FirstCall/ -- Fannie Mae raised $7.4 billion of additional capital in May, for a total of more than $14 billion in new capital since November of 2007. Our capital level is substantially above both our statutory minimum capital and the OFHEO-required 15 percent surplus over...
Atikwa Minerals Corporation ("Atikwa")(TSX VENTURE: ATK) announced today the appointment of Mr. Vance White as President and Chief Executive Officer, subject to regulatory approval. Mr. White succeeds Mr. Bradley Kipp who resigned from such office on the same date. The TSX Venture Exchange has not reviewed and does...
Atikwa Minerals Corporation ("Atikwa") (TSX VENTURE: ATK) announced today the appointment of Mr. Vance White to the board of directors of Atikwa. Mr. White is replacing Mr. Joseph Hamilton who has stepped down as a Director, effective immediately. "On behalf of the board, I would like to welcome Vance and...
Articles 2008-07-09
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