WorldWideScience

Sample records for surveyed financial institutions

  1. Network externalities across financial institutions

    OpenAIRE

    Castro Iragorri, Carlos Alberto; Preciado Pua, Sergio Andrés; Ordóñez Herrera, Juan Sebastián

    2016-01-01

    We propose and estimate a financial distress model that explicitly accounts for the interactions or spill-over effects between financial institutions, through the use of a spatial continuity matrix that is build from financial network data of inter bank transactions. Such setup of the financial distress model allows for the empirical validation of the importance of network externalities in determining financial distress, in addition to institution specific and macroeconomic covariates. The re...

  2. ECONOMIC GROWTH, THE FINANCIAL SYSTEM AND INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Luccas Assis Attílio

    2016-12-01

    Full Text Available Given the importance of economic growth to improve the standard of living of society, many policies that favor this result are discussed and undertaken, however, given the failure of many nations to increase their products, the topic is relevant and current. The financial system is a part of the economic system that assists output growth, however, given the financial crises in recent decades, it is necessary to understand the relationship financial system and economic growth. However, it is noticed that an important channel connecting these two variables have been far from the debate: the institutions. This article is a survey that explores the connection between economic growth, financial system and institutions.

  3. Stress testing in financial institutions

    Directory of Open Access Journals (Sweden)

    Mirković Vladimir

    2014-01-01

    Full Text Available In 2000 the Basle Committee on the Global Financial System defined stress testing as 'a generic term describing various techniques used by financial firms to gauge their potential vulnerability to exceptional but plausible events'. Exceptional events refer to one-off or recurring events with far-reaching consequences for the concerned financial institution and the financial sector s stability overall. Such unexpected (exceptional events include, for instance: bankruptcy in Argentina in 2001, stock markets collapse ('Black Monday' on 19 October 1987, or the fall of the energy giant Enron in 2001. The adoption of the new Basle Accord (better known as Basle II in 2001 envisaged the implementation of stress tests for the identification of events and future changes in economic circumstances that could cause some unfavorable effects on banks' credit exposure, along with the assessment of banks' ability to survive in the new circumstances. Negative experiences from the past, having undermined the stability of financial systems worldwide, made a decisive impact on regulators at all levels to additionally consider the issue of increasing the financial system's resistance to the occurrence of unexpected - exceptional events. To this end, the introduction of stress tests was the turning point in the process of increased banking systems' resistance to shocks. This paper primarily deals with stress testing methodology and bank risk measurement techniques, along with the main results of conducted tests, directly impacting the entire financial system.

  4. 12 CFR 561.19 - Financial institution.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Financial institution. 561.19 Section 561.19... AFFECTING ALL SAVINGS ASSOCIATIONS § 561.19 Financial institution. The term financial institution has the same meaning as the term depository institution set forth in 12 U.S.C. 1813(c)(1). ...

  5. Corporate Governance of Financial Institutions

    OpenAIRE

    Mehran, Hamid; Mollineaux, Lindsay

    2012-01-01

    We identify the tension created by the dual demands of financial institutions to be value-maximizing entities that also serve the public interest. We highlight the importance of information in addressing the public’s desire for banks to be safe yet innovative. Regulators can choose several approaches to increase market discipline and information production. First, they can mandate information production outside of markets through increased regulatory disclosure. Second, they can directly moti...

  6. 31 CFR 210.8 - Financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Financial institutions. 210.8 Section... CLEARING HOUSE General § 210.8 Financial institutions. (a) Status as a Treasury depositary. The origination or receipt of an entry subject to this part does not render a financial institution a...

  7. 31 CFR 596.303 - Financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Financial institution. 596.303 Section 596.303 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE... REGULATIONS General Definitions § 596.303 Financial institution. The term financial institution shall have the...

  8. Financial institutions as an example of institutions of public trust

    OpenAIRE

    Agata Jakubowska

    2013-01-01

    Financial institutions are commonly known as institutions of public trust and they are fundamental for activities of other economic entities. The level of trust determines the competitive position of financial institutions. That is why care about the best standards is the most important task for these institutions. Financial institutions are called institutions of public trust and thus high professionalism and more responsibility is demanded from them. This article presents basic problems con...

  9. MATCHING IN INFORMAL FINANCIAL INSTITUTIONS.

    Science.gov (United States)

    Eeckhout, Jan; Munshi, Kaivan

    2010-09-01

    This paper analyzes an informal financial institution that brings heterogeneous agents together in groups. We analyze decentralized matching into these groups, and the equilibrium composition of participants that consequently arises. We find that participants sort remarkably well across the competing groups, and that they re-sort immediately following an unexpected exogenous regulatory change. These findings suggest that the competitive matching model might have applicability and bite in other settings where matching is an important equilibrium phenomenon. (JEL: O12, O17, G20, D40).

  10. A financial network perspective of financial institutions' systemic risk contributions

    Science.gov (United States)

    Huang, Wei-Qiang; Zhuang, Xin-Tian; Yao, Shuang; Uryasev, Stan

    2016-08-01

    This study considers the effects of the financial institutions' local topology structure in the financial network on their systemic risk contribution using data from the Chinese stock market. We first measure the systemic risk contribution with the Conditional Value-at-Risk (CoVaR) which is estimated by applying dynamic conditional correlation multivariate GARCH model (DCC-MVGARCH). Financial networks are constructed from dynamic conditional correlations (DCC) with graph filtering method of minimum spanning trees (MSTs). Then we investigate dynamics of systemic risk contributions of financial institution. Also we study dynamics of financial institution's local topology structure in the financial network. Finally, we analyze the quantitative relationships between the local topology structure and systemic risk contribution with panel data regression analysis. We find that financial institutions with greater node strength, larger node betweenness centrality, larger node closeness centrality and larger node clustering coefficient tend to be associated with larger systemic risk contributions.

  11. 76 FR 23859 - Financial Management Service Proposed Collection of Information; Financial Institution Agreement...

    Science.gov (United States)

    2011-04-28

    ... Fiscal Service Financial Management Service Proposed Collection of Information; Financial Institution... the Financial Institution Agreement and Application AGENCY: Financial Management Service, Fiscal Service, Treasury. ACTION: Notice and request for comments. SUMMARY: The Financial Management Service, as...

  12. 76 FR 67021 - Community Development Financial Institutions Fund

    Science.gov (United States)

    2011-10-28

    ... Community Development Financial Institutions Fund Proposed Collection; Comment Request ACTION: Notice and... Financial Institutions Fund (the ``CDFI Fund'') within the Department of the Treasury is soliciting comments... Mia Sowell, Policy and Program Officer, at the Community Development Financial Institutions Fund,...

  13. Diffusion of Defaults Among Financial Institutions

    Science.gov (United States)

    Demange, Gabrielle

    The paper proposes a simple unified model for the diffusion of defaults across financial institutions and presents some measures for evaluating the risk imposed by a bank on the system. So far the standard contagion processes might not incorporate some important features of financial contagion.

  14. Financial Evaluation Techniques, Institutions and Innovation

    DEFF Research Database (Denmark)

    Howells, John

    2003-01-01

    This paper reviews the relationship between financial evaluation and control techniques and innovative activity in a range of technological contexts. The relationship is broadly conceived to include both the financial techniques developed and deployed within the firm and theevaluative behaviour...... of financial institutions external to the firm such as venture capital and industrial investment banking. With innovative and investment opportunities tending to vary over time within an industry, it becomes apparent that there can be no permanent solution to the common problem of how to trade off financial...

  15. Financial Evaluation Techniques, Institutions and Innovation

    DEFF Research Database (Denmark)

    Howells, John

    2003-01-01

    of financial institutions external to the firm such as venture capital and industrial investment banking. With innovative and investment opportunities tending to vary over time within an industry, it becomes apparent that there can be no permanent solution to the common problem of how to trade off financial......This paper reviews the relationship between financial evaluation and control techniques and innovative activity in a range of technological contexts. The relationship is broadly conceived to include both the financial techniques developed and deployed within the firm and theevaluative behaviour...

  16. FINANCIAL PERFORMANCE IN CREDIT INSTITUTION MANAGEMENT

    Directory of Open Access Journals (Sweden)

    IOV DANIELA RODICA

    2014-05-01

    Full Text Available Information concerning financial performance is one of the objectives of the annual financial statements of credit institutions. The main source containing this information is profit and loss statement. A correct and complete information can not be limited to this annual report. Understanding the concept of financial performance requires a holistic approach of the entity. An overview of information on financial performance will be achieved by coordinating information about the profit of the entity, rates of return, cash flows, financing cost and risk. For the economic and financial analysis we often use to separate financial equilibrium indicators of outcome indicators and management indicators. The study upon the financial performance may be based on the income statement, balance sheet and explanatory notes. It may use tools such as: income, interest rates, rates of return, rates of structure, liquidity and solvency rates, rotation rates, cash flows, debt coverage rates and more. Management of banking assets, liabilities and bank risk management must be assembled into a whole. In an uncertain environment, continuously changing, under conditions of the economic and financial crisis, the binomial profitability - risk is increasingly difficult to manage. Under these conditions, the boundary between courage and unconsciousness is also more fragile. On the other hand, the prudence, mandatory rules could be understood as some constraint measures on bank management, that may adversely affect the financial performance of the credit institution.

  17. 39 CFR 233.5 - Requesting financial records from a financial institution.

    Science.gov (United States)

    2010-07-01

    ... INSPECTION SERVICE AUTHORITY § 233.5 Requesting financial records from a financial institution. (a... Department of the U.S. Postal Service to request financial records from a financial institution pursuant to... authorized to request financial records of any customer from a financial institution pursuant to a formal...

  18. Risk Management Disclosure In Malaysian Islamic Financial Institutions: Pre- And Post-Financial Crisis

    National Research Council Canada - National Science Library

    Rosnadzirah Ismail; Rashidah Abdul Rahman; Normah Ahmad

    2013-01-01

    .... Conventional financial institutions have widely practiced risk management within their organization, but it is still under-developed in Islamic financial institutions due to new emerging market...

  19. 31 CFR 593.312 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 593.312... SANCTIONS REGULATIONS General Definitions § 593.312 U.S. financial institution. The term U.S. financial... financial institutions that are located in the United States, but not such institutions' foreign branches...

  20. 12 CFR 231.3 - Qualification as a financial institution.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Qualification as a financial institution. 231.3... RESERVE SYSTEM NETTING ELIGIBILITY FOR FINANCIAL INSTITUTION (REGULATION EE) § 231.3 Qualification as a financial institution. (a) A person qualifies as a financial institution for purposes of sections 401-407 of...

  1. Institutional Financial Autonomy in Practice

    DEFF Research Database (Denmark)

    Szwebs, Witold

    2016-01-01

    –university staff; academic staff–students; university–business; and university–internationalisation. This model is explored through international case studies that give new insights and reinforce our understanding that the issues relating to institutional university autonomy are complex, interactive and genuinely...

  2. Operational Risk Management in Financial Institutions: A Literature Review

    Directory of Open Access Journals (Sweden)

    Suren Pakhchanyan

    2016-10-01

    Full Text Available Following the three-pillar structure of the Basel II/III framework, the article categorises and surveys 279 academic papers on operational risk in financial institutions, covering the period from 1998 to 2014. In doing so, different lines of both theoretical and empirical directions for research are identified. In addition, this study provides an overview of existing consortia databases and other publicly available sources on operational loss that may be incorporated into empirical research, as well as in risk measurement processes by financial institutions. Finally, this paper highlights the research gaps in operational risk and outlines recommendations for further research.

  3. Financial Institutes of Nanoindustry Development in Russia

    Directory of Open Access Journals (Sweden)

    Strukova Tatyana Vladimirovna

    2015-05-01

    Full Text Available At the present stage Russia’s nanoindustry can be formed on the basis of new and old specialized financial and non-financial institutes, which form a milti-layered structure providing targeted investments for innovative projects. The active state fiscal policy plays a decisive role in the national nanoindustry formation at different stages of its development and approval. The article substantiates the need for state regulation of the nanoindustry development funding mechanism in Russia. The author characterizes the main principles, subjects, methods, tools and sources of nanoindustrialization financial mechanism. The article presents the system of Russian financial institutes of development, allowing to identify the goals, objectives, forms and tools for implementation of the functions of each of them in the process of innovative development. The author reveals the essence, types, role and interests of development institutes in the process of public and public-private funding of national innovation system. The problems of innovative projects funding, caused by the specific features of the Russian economy are designated; a number of measures aimed at coordinating the activities of financial institutions and consolidating the public and private financial resources in priority sectors and industries of the economy is proposed. The author substantiates the necessity of building a mechanism of institutional, organizational and informational interaction of the federal target programs regulation bodies focused on the development of innovative activity system, federal executive bodies and exchange institutes, as well as the coordinating mechanism allowing to maximize the effectiveness of using methods and tools for innovation support.

  4. FINANCIAL REPORTING IN PUBLIC INSTITUTIONS AND NON-FINANCIAL ENTITIES. SIMILARITIES AND DIFFERENCES

    OpenAIRE

    Daniela Vitan

    2011-01-01

    The present paperwork contains issues regarding financial reporting at the public institutions and non – financial entities. The main aspects are regarding the obligation of all entities to present the financial statements, the content of financial statements in public institutions and non-financial entities. Also, is presented the similarities and the differences aspects between financial reporting of these two patrimonial entities.

  5. FINANCIAL REPORTING IN PUBLIC INSTITUTIONS AND NON-FINANCIAL ENTITIES. SIMILARITIES AND DIFFERENCES

    OpenAIRE

    Daniela Vitan

    2011-01-01

    The present paperwork contains issues regarding financial reporting at the public institutions and non – financial entities. The main aspects are regarding the obligation of all entities to present the financial statements, the content of financial statements in public institutions and non-financial entities. Also, is presented the similarities and the differences aspects between financial reporting of these two patrimonial entities.

  6. Diversification at Financial Institutions and Systemic Crises

    NARCIS (Netherlands)

    Wagner, W.B.

    2006-01-01

    We show that the diversification of risks at financial institutions has unwelcome effects by increasing the likelihood of systems crises.As a result, complete diversification is not warranted adn the optimal degree of diversification is arbitrarily low.We also identify externalities that cause

  7. Downgrading Financial Service Delivery and Institutional ...

    African Journals Online (AJOL)

    2014-05-01

    May 1, 2014 ... Empirical evidence on impact of mimicry on institutional sustainability can ... statements and returns to the central bank between 1996 and 2005. ... is fraught with risk, none of which augurs well for long term financial self-sufficiency of .... collection concept as one of its saving mobilisation /credit products to ...

  8. Diversification at Financial Institutions and Systemic Crises

    NARCIS (Netherlands)

    Wagner, W.B.

    2006-01-01

    We show that the diversification of risks at financial institutions has unwelcome effects by increasing the likelihood of systems crises.As a result, complete diversification is not warranted adn the optimal degree of diversification is arbitrarily low.We also identify externalities that cause finan

  9. Diversification at Financial Institutions and Systemic Crises

    NARCIS (Netherlands)

    Wagner, W.B.

    2006-01-01

    We show that the diversification of risks at financial institutions has unwelcome effects by increasing the likelihood of systems crises.As a result, complete diversification is not warranted adn the optimal degree of diversification is arbitrarily low.We also identify externalities that cause finan

  10. 31 CFR 597.307 - Financial institution.

    Science.gov (United States)

    2010-07-01

    ... metals, stones or jewels, pawnbrokers, loan or finance companies, travel agencies, licensed senders of... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Financial institution. 597.307 Section 597.307 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued)...

  11. International financial institutes and multipolarity challenges

    Directory of Open Access Journals (Sweden)

    Aleksei Vladimirovich Kuznetsov

    2017-12-01

    Full Text Available The world is changing, moving towards multi-polarity. However, despite the explicit shifting of the center of economic gravity from the West to the East, the dominance of the West in establishing the rules of conduct in the global economy and global finance remain virtually immutable. The author argues that the widely-discussed reform of the IMF quota and governance has not led to a significant strengthening of the role of the most dynamically developing emerging economies in the Fund’s decision-making. Regional economic players (such as the BRICS have been actively involved in the international division of labor. However, the existence of institutional financial monopolies hinders the redistribution of global value added. Armed with the advanced information technologies and financial innovations, the leaders of financial globalization are redirecting scarce global resources in favor of the world-systemic core. The study is based on comparative methods and system analysis and aims to provide a comprehensive view on the way of involvement of global financial institutions in the control of the processes of financial globalization. US dominance in international financial institutions contribute to the further advancement of the global role of dollar as reserve currency of central banks, the currency of international settlements, deposits, loans and investments. It’s shown that the implementation of financial globalization is strongly correlated with the concept of the «center-periphery» model, on which the functioning of the global capital market is dependent. The features of the modern structure of the global currency market are summarized. The article reveals some legal aspects of global governance, in particular the role of the Anglo-American law in the global economy and global finance. It is concluded that for full participation of emerging markets, particularly the BRICS countries, in the processes of globalization, it is necessary to

  12. Product Innovation of Islamic Financial Institutions

    Directory of Open Access Journals (Sweden)

    Agus Rojak Samsudin

    2016-03-01

    Full Text Available This article was composed from the fact that the presence of Sharia Financial Institutions (SFC cannot be separated from the existence of Conventional Financial Institutions. Islamic Bank appeared in the midst of the conventional banking development. It certainly gives the impression product of Islamic Bank is seen as the imitation of conventional banking products. The historical analysis shows that the substantive function of banking operations has been practiced since the early days of Islam. Even the profit and lost sharing principle has been applied from transactions Islamic business transactions (Mu'amalah in the ancient Arab, which has been explored in the modern era and also legitimized by the Fatwa of DSN MUI (National Sharia Council of Indonesian Ulama Council (NSC-ICU. This institution is often reinterpreting the concept of Islamic business, including the innovation of Islamic Banking products that are derived from the Quran, the Sunna, and Islamic Jurisprudence (al-Ijtihad.

  13. 77 FR 37742 - Community Development Financial Institutions Fund

    Science.gov (United States)

    2012-06-22

    ... Investments. Service Activities (12 CFR 1806.103(nn)) include Deposit Liabilities, Financial Services, Community Services, Targeted Financial Services, and Targeted Retail Savings/Investment Products. When... Community Development Financial Institutions Fund Funding Opportunity Title: Notice of Funds Availability...

  14. Sovereign Default, Domestic Banks, and Financial Institutions

    OpenAIRE

    Gennaioli, Nicola; Martin, Alberto; Rossi, Stefano

    2014-01-01

    We build a model where sovereign defaults weaken banks’ balance sheets because banks hold sovereign bonds, causing private credit to decline. Stronger financial institutions boost default costs by amplifying these balance-sheet effects. This yields a novel complementarity between public debt and domestic credit markets, where the latter sustain the former by increasing the costs of default. We document three novel empirical facts that are consistent with our model's predictions: public defaul...

  15. China's policies on greening financial institutions: assessment and outlook

    NARCIS (Netherlands)

    Mol, A.P.J.

    2017-01-01

    Environmental protection and sustainability have a complex relationship with finances and financial institutions. Financial institutions such as banks, pension funds and insurance companies, are increasingly seen as of vital importance for reaching environmental and sustainability goals. Initially,

  16. Operational risk management in financial institutions: A literature review

    OpenAIRE

    Suren Pakhchanyan

    2016-01-01

    Following the three-pillar structure of the Basel II/III framework, the article categorises and surveys 279 academic papers on operational risk in financial institutions, covering the period from 1998 to 2014. In doing so, different lines of both theoretical and empirical directions for research are identified. In addition, this study provides an overview of existing consortia databases and other publicly available sources on operational loss that may be incorporated into empirical research, ...

  17. Earning management in Brazilian financial institutions

    Directory of Open Access Journals (Sweden)

    Adriana Bruscato Bortoluzzo

    2016-06-01

    Full Text Available ABSTRACT The present study aims to study earnings management in a significant sample of 123 banks in the Brazilian market between 2001 and 2012. Given the important role that banks play in a country's economy, it is important to understand that there are discretionary factors involved in the reporting of a financial institution's profitability. Credit provisioning guidelines for Brazilian financial institutions are described in Resolution 2682/99 of the National Monetary Council (Conselho Monetário Nacional. Because of the discretion allowed in this resolution, loan loss provision is used as instrument of earnings management, which is not an illegal practice, but this behavior does affect the risk perception of agents and analysts, and they should be aware of it and understand it. We found that credit provisioning is used as an earnings management mechanism to smooth the net income of Brazilian financial institutions. Brazilian banks tend to avoid not only negative net income pre-loan loss provisions and taxes, but also negative net income pre-loan loss provisions and taxes in relation to the previous period. Contrary to the previous studies, it is not clear if banks avoid lower net income pre-loan loss provisions and taxes than a given peer group.

  18. 36 CFR 1256.60 - Information relating to financial institutions.

    Science.gov (United States)

    2010-07-01

    ... financial institutions. 1256.60 Section 1256.60 Parks, Forests, and Public Property NATIONAL ARCHIVES AND... General Restrictions § 1256.60 Information relating to financial institutions. (a) In accordance with 5 U... regulation or supervision of financial institutions. (b) The Archivist of the United States may...

  19. 7 CFR 278.5 - Participation of insured financial institutions.

    Science.gov (United States)

    2010-01-01

    ... Reserve banks. Coupons submitted to insured financial institutions for credit or cash must be properly... financial institutions shall be forwarded with the corresponding coupon deposits to the Federal Reserve Bank... directly to the Federal Reserve Bank. Other insured financial institutions may forward cancelled...

  20. 31 CFR 597.319 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 597.319 Section 597.319 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE... financial institution's foreign branches; (b) Any financial institution operating or doing business in...

  1. 31 CFR 586.317 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 586.317... & MONTENEGRO) KOSOVO SANCTIONS REGULATIONS General Definitions § 586.317 U.S. financial institution. The term U.S. financial institution means any U.S. entity (including foreign branches) that is engaged in the...

  2. Risk Management Disclosure In Malaysian Islamic Financial Institutions: Pre- And Post-Financial Crisis

    National Research Council Canada - National Science Library

    Rosnadzirah Ismail; Rashidah Abdul Rahman; Normah Ahmad

    2013-01-01

      The East Asian financial crisis in 1997 and later the global financial crisis in 2007 and 2008 had a big impact on the corporate world as many companies and financial institutions collapsed during that period...

  3. Institutional Arrangement of Financial Markets Supervision: The Case of the Czech Republic

    OpenAIRE

    2008-01-01

    The paper deals with institutional arrangement of financial supervision in the Czech Republic. Financial markets are composed of partial financial segments specialized in individual types of financial instruments and individual customer groups. Financial institutions gradually transform into financial supermarkets. There are several models of institutional arrangement of financial supervision (integrated financial supervision model, sectional financial supervision model, financial supervision...

  4. 10 CFR 61.63 - Financial assurances for institutional controls.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 2 2010-01-01 2010-01-01 false Financial assurances for institutional controls. 61.63 Section 61.63 Energy NUCLEAR REGULATORY COMMISSION (CONTINUED) LICENSING REQUIREMENTS FOR LAND DISPOSAL OF RADIOACTIVE WASTE Financial Assurances § 61.63 Financial assurances for institutional controls. (a) Prior...

  5. Institutional management of core facilities during challenging financial times.

    Science.gov (United States)

    Haley, Rand

    2011-12-01

    The economic downturn is likely to have lasting effects on institutions of higher education, prioritizing proactive institutional leadership and planning. Although by design, core research facilities are more efficient and effective than supporting individual pieces of research equipment, cores can have significant underlying financial requirements and challenges. This paper explores several possible institutional approaches to managing core facilities during challenging financial times.

  6. Information Security Governanceas as Key Performance Indicator for Financial Institutions

    OpenAIRE

    Krjukovs, D; Strauss, R

    2009-01-01

    Due to their nature financial institutions and their performance are in constant focus of attention from different stakeholder groups. These groups according to their functions and interests are implementing different sets of key performance indicators for financial institution performance assessment. In the proposed paper authors present a hypothesis of information security governance being a financial institution key performance indicator. Authors provide high level overview of ...

  7. The Multilateral Financial Institutions of Development

    Directory of Open Access Journals (Sweden)

    Jaume Munich i Gasa

    1998-04-01

    Full Text Available The aim of this paper is to analyse the role of Multilateral Development Institutions (MDIs in promoting economic and social progress in Less Developed Countries (LDC. After examining the activities of the main MDIs (International Monetary Fund, WorldBank Group, Interamerican Development Bank, African Development Bank, Asian Development Bank and European Bank for Reconstruction and Development we have come to some conclusions. First, MDIs loans play a catalytic effect in channeling flows of additional public or private resources to LDC. Second, MDIs emphasize both the role of the private sector and an efficient public sector to achieve its objectives (to promote economic growth, reduce poverty, etc.. Third, MDIs provide direct financing for private sector activities, restructuring and privatisation to encourage the development of market economies as well as funding for the infrastructure that supports these activities. Fourth, over the last few years the MDIs have increased their conditionalities on the borrowers, especially in environment and governance areas. Fifth, the resources provided by the MDIs are not enough to cope with the financial needs of LDC; furthermore, a low percentage of total loans are on concessional terms. Sixth, most of the MDIs resources go to the benefit of medium-income countries (South Korea, Mexico, Brazil, etc. and only a small amount of credits go to the poorest countries; what´s more, in the last few last years MDIs are increasing their financial support of countries in the East. Seventh, MDIs have integrated social sector and environment as a first-order priority in their reports, but the lending reality is far from incorporating such an aim: one thing istheory, the other is practice. Eighth, MDIs’ institutional structures and decision-making processes are similar, as in most of them the principle of one dollar one vote holds. As a result, the MDIs are dominated by the developed countries, which use such

  8. Corporate Governance within Financial Institutions: Asset or Liability?

    Directory of Open Access Journals (Sweden)

    Dan CHIRLESAN

    2012-04-01

    Full Text Available Solid corporate governance of the financial institutions is of a vital concern not only to the institutions themselves but also for the entire financial system. After four years of financial turbulences, the issue of corporate governance is more important than never especially for financial institutions who take on a significant role in the process of financial intermediation as they are considered to be important players in the financial system, especially in the Euro Area. The main purpose of this paper is to set out a framework for analyzing and thinking about the core meaning, the advantages and the direction of specific practices regarding corporate governance in a company in general, and specifically in financial institutions.

  9. 75 FR 10561 - Request for Public Comment: Community Development Financial Institutions Fund, Community...

    Science.gov (United States)

    2010-03-08

    ... Community Development Financial Institutions Fund Request for Public Comment: Community Development Financial Institutions Fund, Community Development Financial and Technical Assistance Awards, Native Initiatives, and Bank Enterprise Awards AGENCY: Community Development Financial Institutions Fund,...

  10. Analysis of Conservatism and Persistence of Financial Results of the Brazilian Financial Institutions

    Directory of Open Access Journals (Sweden)

    Marcelo Paulo de Arruda

    2015-08-01

    Full Text Available The regulatory environment for public and private companies are significant differences in earnings quality between public and private companies (BALL; SHIVAKUMAR, 2005. However, the literature has suggested that the process of accounting measurement of financial institutions differ substantially from other companies (PEASNELL et al, 2000. Nevertheless,previous studies did not have systematically analyzed the informational differences between the public and private financial institutions. The aim of this study was to analyze the behavior of levels of conservatism and persistence of financial results of the public and private Brazilian financial institutions. To meet the objective of this work was realize an analysis of the data based on the models of conservatism proposed by Ball and Shivakumar (2005 and persistence described by Dechow and Schrand (2004, estimated using panel data. The sample was composed by Brazilian financial institutions public and private in the period between 1996 and 2013. The results of this research identified that none of the types of financial institutions (public and private presents timely losses during the period-analyzed recognition. Regarding the persistence of financial results, the analyses indicate that the private financial institutions have greater persistence in their accounting results that the public institutions, resulting in greater predictability of future profits on present profits. These results suggest that the financial results of Brazilian financial institutions do not exhibit conservative behavior, moreover, the profits of private companies are more persistent than the public companies.

  11. 36 CFR 902.58 - Reports of financial institutions.

    Science.gov (United States)

    2010-07-01

    ... of financial institutions. Any material contained in or related to any examination, operating, or... supervision of financial institutions is within the statutory exemption. ... 36 Parks, Forests, and Public Property 3 2010-07-01 2010-07-01 false Reports of...

  12. A History of Last-resort Lending and Other Support for Troubled Financial Institutions in Australia

    OpenAIRE

    Bryan Fitz-Gibbon; Marianne Gizycki

    2001-01-01

    This paper surveys the history of last-resort lending and other support provided to financial institutions in Australia and compares the practical implementation of lender-of-last-resort policy with policy prescriptions derived from the theoretical literature. Last-resort support serves to counter the market failures that can see fundamentally sound financial institutions fail due to a lack of liquidity, and to protect the economy from the systemic costs of such failures. The provision of len...

  13. ON CORPORATE SOCIAL RESPONSIBILITY OF ISLAMIC FINANCIAL INSTITUTIONS

    OpenAIRE

    FAROOK, SAYD

    2007-01-01

    This study proposes a structured definition of the social purpose of Islamic Financial Institutions (IFIs) derived from, among other things, Islamic principles of social equity and redistributive justice. It is posited that IFIs are meant to be socially responsible for two interrelated reasons: their status as a financial institution fulfilling a collective religious obligation and their exemplary position as a financial intermediary. Specific responsibilities within this dual role are also f...

  14. Inner control within the non-banking financial institutions

    OpenAIRE

    Troaca, Victor

    2009-01-01

    The non-banking financial institutions take an extremely important place inside the financial market and therefore play an apprecialble role in the economy. Taking into account the specific nature of the operations that these operators are authorized to develop, it is necessary for their activity to be subject to an efficient internal control and also to be well-structured. To assure the organization and functionning of an efficient control inside all the non-banking financial institutions, t...

  15. Undergraduate Music Program Alumni's Career Path, Retrospective Institutional Satisfaction, and Financial Status

    Science.gov (United States)

    Miksza, Peter; Hime, Lauren

    2015-01-01

    The purpose of this study was to examine undergraduate music education and performance alumni's career path, retrospective institutional satisfaction, and financial status. Data for this study were drawn from respondents from the 2010 administration of the nationwide, multi-institutional survey conducted by the Strategic National Arts Alumni…

  16. Consolidated supervision of financial institutions and financial market in the Republic of Croatia

    Directory of Open Access Journals (Sweden)

    Bojana Olgić Draženović

    2005-06-01

    Full Text Available The question of regulation and supervision of all parts of financial system is of major importance for any country. In order to protect the interest of the society and to accelerate the economic development, it is necessary to provide adequate legal framework as well as independent supervision institutions. The regulations refer mostly to maintenance of financial stability and consumer protection. The article points out that the structure of the financial sector in the Republic of Croatia is underdeveloped and characterized by domination of the banking sector. Therefore, bank supervision is one of the main tasks of Croatian national bank and all other financial institutions (except banks are regulated by other regulatory institutions. The problems of authority overlapping and insufficient regulation are becoming more complex by the development of financial sector and especially by the deregulation of financial markets. Because of that, it is reasonable to investigate the existing regulatory framework of Croatian financial system concerning its structure and development.

  17. Decision Background and Financial Institutions: for What Contemporary Theoretical Reorientation?

    Directory of Open Access Journals (Sweden)

    Walter Gerard Amedzro St-Hilaire

    2013-10-01

    Full Text Available How financial institutions do they manage their interface with their decision-making context? What is the performance "social" beyond the simple economic and financial performance? How can we measure this performance "social"? This article focuses on the theoretical corpus contemporary necessary to understand the couple context decision / financial institutions. This is basically to contribute to the establishment of a comprehensive approach which captures applied with consistency, the conceptual opposition series (role and impact of the decision context / financial institutions structures. Gradually, driven by the reality of change, the paper come to a Copernican revolution in the theory of relations between financial institutions and decision context. Standards for new perspectives on the role of the financial institutions, it is not the decision-making environment that revolves around the sun institutions. Note that this reversal was anticipated in 1965 by Emery and Trist in a prophetic article, but it is only recently that we began to theorize in this direction. The article finally understood that economic performance is insufficient to ensure the sustainability of the organisations, at least for him to avoid problems. We understand that in a multiple rationalities world, the issue of "social performance of the financial institutions" is wide open to uncertainty. Everything depends on the status that is given to the organization: simple machine to produce cash register for shareholders, human community service of another larger community?

  18. 75 FR 7990 - Use of Community Development Loans by Community Financial Institutions To Secure Advances...

    Science.gov (United States)

    2010-02-23

    ...'s separate rulemaking addressing Bank membership for community development financial institutions... Use of Community Development Loans by Community Financial Institutions To Secure Advances; Secured... eligible collateral that community financial institution (CFI) members may pledge to secure Federal...

  19. 78 FR 64292 - Community Development Financial Institutions Fund Proposed Collection; Comment Request

    Science.gov (United States)

    2013-10-28

    ... Community Development Financial Institutions Fund Proposed Collection; Comment Request ACTION: Notice and... Development Financial Institutions (CDFI) Fund, Department of the Treasury, is soliciting comments concerning... the Community Development Financial Institutions (CDFI) Bond Guarantee Program. DATES: Written...

  20. Financial Market Regulation in Germany - Capital Requirements of Financial Institutions

    Directory of Open Access Journals (Sweden)

    Daniel Karl Detzer

    2015-03-01

    Full Text Available This paper examines capital adequacy regulation in Germany. The first part reviews capital adequacy regulation from the 1930s up to the financial crisis and identifies two main trends: a gradual softening of the eligibility criteria for equity and increasing reliance on internal risk models. While the first trend has been reversed following the financial crisis, internal risk models still play a central role. Therefore, the second part discusses the problems with the use of internal risk models and discusses the potentials of Basel 2.5 and Basel III to alleviate the identified problems. It is concluded that the relevant problems are not resolved. Therefore, in the final part some suggestions of how the problems could be addressed properly are given.

  1. Why banks and financial institutions in Pakistan are turning towards Internet banking?

    Directory of Open Access Journals (Sweden)

    Sajjad Nazir

    2011-11-01

    Full Text Available Internet Banking has become widespread in most developed countries, while the Financial Services Sectors in most developing countries are lagging behind with this technology. Despite the benefits afforded by such online activity, Pakistani financial institutions, in particular, have not yet experienced the full potential of this form of electronic commerce, due in part to the weakness and instability of the country's financial system. This is coupled with the fact that the citizens have lost confidence in the Pakistan Financial Services Sector in 1990s. The objectives of this research are two-fold. The first aim is to investigate the feasibility of adopting Internet Banking within the Pakistan Financial Services Sector. The second objective is to demonstrate how Internet Banking may serve as a dual solution in restoring the viability of the Pakistan financial institutions and restoring investor confidence. From the literature review and surveys undertaken, the research examines the various benefits, which Internet Banking offers as well as its drawbacks. A comparative study reveals few reasons why financial institutions in most developing countries might not be able to embark on Internet Banking; whilst their counterparts in most developed countries are able to capitalize fully on such e-commerce venture. The paper employs survey data to measure the extent to which financial institutions in Pakistan use e-commerce and to investigate the opportunities for further growth (that is, the likelihood of Internet Banking within the overall Financial Sector. The research highlights a number of obstacles that must be overcome if the Pakistan financial institutions decide to actively use the Internet to provide banking services. Possible solutions that may be inaugurated to overcome the respective barriers are proposed. Finally, a summary and conclusion with recommendations are presented.

  2. Alternative financial institutions? Sustainability, development, social reproduction, and gender analysis.

    Science.gov (United States)

    Kidder, T

    1999-08-01

    This paper proposes a conceptual framework for alternative financial institutions in Nicaragua. The article includes a discussion on innovative services and policies, which differentiate CARUNA (National Savings and Credit Cooperative ¿Caja Rural¿), and other financial institutions from conventional banks. It further examines theories that have altered the way development practitioners think about the economy, poverty reduction, and the positions of men and women in the society. These theories are the feminist economic theory and alternative development theories. Specific ways to incorporate the concepts of alternative and feminist economic theories in the design of financial institutions include open credit, savings, and remittance mechanisms, and coordinating councils. The gender analysis approach was used to evaluate the design of financial institutions.

  3. Firm performance, financial institutions and corporate governance in the Netherlands

    NARCIS (Netherlands)

    Chirinko, Bob

    1999-01-01

    This paper analyses the impact of share ownership, creditorship and net-working by financial institutions on the performance of 94 Dutch non-financial firms in the period 1992-1996. We find a nonlinear relationship between firm performance and ownership by banks. Because of various defense mechanism

  4. Growth, financial development, societal norms and legal institutions

    NARCIS (Netherlands)

    Garretsen, Harry; Lensink, Robert; Sterken, Elmer

    2002-01-01

    This paper analyses whether societal norms help to explain cross-country differences in financial development. We analyze whether societal norms in addition to legal institutions have an impact on financial development. We address the implications of the inclusion of societal norms for the analysis

  5. Firm performance, financial institutions and corporate governance in the Netherlands

    NARCIS (Netherlands)

    Chirinko, Bob

    1999-01-01

    This paper analyses the impact of share ownership, creditorship and net-working by financial institutions on the performance of 94 Dutch non-financial firms in the period 1992-1996. We find a nonlinear relationship between firm performance and ownership by banks. Because of various defense

  6. Growth, financial development, societal norms and legal institutions

    NARCIS (Netherlands)

    Garretsen, Harry; Lensink, Robert; Sterken, Elmer

    2002-01-01

    This paper analyses whether societal norms help to explain cross-country differences in financial development. We analyze whether societal norms in addition to legal institutions have an impact on financial development. We address the implications of the inclusion of societal norms for the analysis

  7. Audit Guide: Audits of Federal Student Financial Assistance Programs at Participating Institutions and Institution Servicers.

    Science.gov (United States)

    Office of Inspector General (ED), Washington, DC.

    All institutions participating in the Federal Student Financial Assistance Programs must have an annual financial aid compliance audit performed by an independent auditor. This guide is effective for fiscal years ending December 31, 1999, and thereafter, for institutions preparing for their yearly audit. The purpose of the document is to assist…

  8. 31 CFR 501.604 - Reports by U.S. financial institutions on rejected funds transfers.

    Science.gov (United States)

    2010-07-01

    ... institution, domestic bank, financial institution or U.S. financial institution, as those terms are defined in... REPORTING, PROCEDURES AND PENALTIES REGULATIONS Reports § 501.604 Reports by U.S. financial institutions on rejected funds transfers. (a) Who must report. Any financial institution that rejects a funds...

  9. Financial Literacy at Minority-Serving Institutions

    Science.gov (United States)

    Looney, Shannon M.

    2011-01-01

    Mounting student debt to cover rising college costs is creating a challenging environment for a number of students pursuing a college degree. For many, a college degree is an avenue to financial success and long-term stability. Most college graduates experience more stable employment, higher income, security through assets, and an overall better…

  10. Justification of criticism of the international financial institutions

    Directory of Open Access Journals (Sweden)

    Đonlagić Dženan

    2010-01-01

    Full Text Available As more than half a century has passed since the establishment of the international financial institutions (IMF, World Bank, this paper analyzes the opinion that these institutions have not accomplished their mission. They generally admit that they have not succeeded in the activities that they set out to accomplish, a propos of gathering funds for countries faced with economic gaps and helping them to maintain long term economic growth and development. We show that these financial institutions have done nothing to reduce poverty and financial disparities, to increase their own transparency, responsibility and management, especially with the public participation of developing countries, or to create a more effective loans system. In this paper the main goal of research is to explore the arguments pro and contra the strategic effect, policy, and working methodology of the international financial institutions in view of finding a solution to the global financial crisis and global prevalent financial problems, and also to consider the reasons for the justification or otherwise of their being part of the global financial system.

  11. Efficiency Improvement and Quality Initiatives Application in Financial Institutions

    Directory of Open Access Journals (Sweden)

    MSc. Ajtene Avdullahi

    2015-06-01

    Full Text Available Financial institutions in today’s economy have no longer the luxury to improve profit simply by increasing revenue. These firms, due to the significant measuring reductions in the financial services industry needed to improve operational efficiencies and merely support existing processes with fewer resources. This paper explains the benefits of Lean, Six Sigma, Total Quality Management and Lean Six Sigma that have improved organization's performance, by cutting costs and waste, improving their products or services, increasing profitability as well as enhancing customer satisfaction. The applicability of quality management practices in financial institutions in Kosovo is presented and also their efficiency and effectiveness. By analyzing data from Raiffeisen Bank Kosovo, this paper highlights the benefits of Individual and Micro companies customer segment as the result of organizational change and successful application of quality initiatives from financial institutions in Kosovo.

  12. Participation of financial institutions in project financing of infrastructure projects

    Directory of Open Access Journals (Sweden)

    Benković Slađana

    2012-03-01

    Full Text Available Infrastructure investing makes up a significant part of the financial institutions portfolio, and contributes to creating long-term assets cash flows. In addition, infrastructure assets are relatively inelastic in demand and price, and as such the asset has a good performance during the economic downturn. Properly structured infrastructure investments contribute to the diversification of the portfolio, due to the lack of correlation with the yield on bonds, stocks and real estate, and offer good protection against inflation. Applying the concept of project financing involves the application of the most advanced financial techniques and products that are able to ensure only credible international financial institutions and companies. Paper attempts to indicate the presence of financial institutions in project financing of infrastructure, as well as the benefits of this concept in expected to finance infrastructure in Serbia.

  13. 31 CFR 538.316 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 538.316 Section 538.316 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE..., but not limited to, depository institutions, banks, savings banks, trust companies, securities...

  14. 31 CFR 541.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 541.311 Section 541.311 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE... but not limited to, depository institutions, banks, savings banks, trust companies, securities...

  15. 31 CFR 542.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 542.311 Section 542.311 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE... but not limited to: Depository institutions; banks; savings banks; trust companies; securities...

  16. 31 CFR 536.317 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 536.317 Section 536.317 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE...; including, but not limited to, depository institutions, banks, savings banks, trust companies,...

  17. 31 CFR 537.320 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 537.320 Section 537.320 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE..., but not limited to, depository institutions, banks, savings banks, trust companies, securities...

  18. How Consumer Trust in Financial Institutions Influences Relationships Between Knowledge, Cognitive Effort and Financial Healthiness

    DEFF Research Database (Denmark)

    Hansen, Torben

    2014-01-01

    Trust not only relates to customer trust in individual financial companies (i.e., narrow-scope trust) but also relates to the broader business context in which consumers carry out their financial decisions (i.e., broad-scope trust). Based on two surveys comprising 1,155 bank consumers and 764...... pension consumers, respectively, the results of this study indicate that broad-scope trust negatively moderates relations between knowledge and financial healthiness and between cognitive effort and financial healthiness. In addition, it is demonstrated that broad-scope trust negatively influences...... cognitive effort and positively influences financial healthiness....

  19. Nigeria : Financial Sector Review, Volume 3. Non-Bank Financial Institutions and Markets

    OpenAIRE

    World Bank

    2000-01-01

    This report is a comprehensive review of the Nigerian financial system, covering the following areas: i) macro-financial environment; ii) safety and soundness of the banking system; iii) banking supervision; iv) development finance institutions; v) community banks and commercial banks' rural operations; vi) insurance and pensions; vii) housing finance; viii) money and capital markets; and ...

  20. A sourcing strategy for the middle offices in financial institutions

    Directory of Open Access Journals (Sweden)

    George L Ye

    2015-12-01

    Full Text Available This article examines the strategies of sourcing the middle office functions in financial institutions. While some functions, in particular the back office functions in financial institutions are popularly and successfully outsourced or co-sourced, it may not be appropriate to do so for sourcing the functions of middle offices. Outsourcing or co-sourcing of the middle offices implies contracting out the risk management function of a financial institution partially or completely. This may reduce the effectiveness of risk management implementation and may potentially expose the institution to great risk. This article compares different strategies, namely outsourcing, co-sourcing, and shared services; and shows that shared services has many advantages over the other two strategies.

  1. 75 FR 35289 - International Services Surveys: BE-180, Benchmark Survey of Financial Services Transactions...

    Science.gov (United States)

    2010-06-22

    ...; other financial investment activities (including miscellaneous intermediation, portfolio management, investment advice, and all other financial investment activities); insurance carriers; insurance agencies... 15 CFR Part 801 RIN 0691-AA73 International Services Surveys: BE-180, Benchmark Survey of Financial...

  2. The Relative Cost Efficiencies of Commercial Banks, Rural Financial Institutions, and Microfinance Institutions in China

    OpenAIRE

    Wu, Ya; Escalante, Cesar L.; Gunter, Lewell F.

    2010-01-01

    This study employed data envelopment analysis (DEA) to evaluate the comparative efficiency performance of selected commercial banks, rural financial institutions and microfinance institutions in China. The first pairwise comparison indicated that commercial banks achieved higher level of overall technical efficiency, pure technical efficiency and scale efficiency than rural financial institutions (including RCCs) through the study period (2004-2007). Overall technical inefficiency seems to be...

  3. 78 FR 54466 - Appraisal Subcommittee of the Federal Financial Institutions Examination Council; Notice of Meeting

    Science.gov (United States)

    2013-09-04

    ... From the Federal Register Online via the Government Publishing Office FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Appraisal Subcommittee of the Federal Financial Institutions Examination Council; Notice of Meeting Description: In accordance with Section 1104 (b) of Title XI of the Financial...

  4. 20 CFR 416.207 - You do not give us permission to contact financial institutions.

    Science.gov (United States)

    2010-04-01

    ... financial institutions. 416.207 Section 416.207 Employees' Benefits SOCIAL SECURITY ADMINISTRATION... institutions. (a) To be eligible for SSI payments you must give us permission to contact any financial institution and request any financial records that financial institution may have about you. You must give...

  5. 31 CFR 370.7 - How can my financial institution change my designated deposit account?

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false How can my financial institution... Entries § 370.7 How can my financial institution change my designated deposit account? If your financial.... The financial institution's request will be deemed an agreement by the institution to indemnify us and...

  6. 31 CFR 370.23 - What other requirements apply to a financial institution?

    Science.gov (United States)

    2010-07-01

    ... financial institution? 370.23 Section 370.23 Money and Finance: Treasury Regulations Relating to Money and... requirements apply to a financial institution? The financial institution warrants that it will comply with all requirements imposed upon Receiving Depository Financial Institutions under the Operating Rules of the National...

  7. How Consumer Trust in Financial Institutions Influences Relationships Between Knowledge, Cognitive Effort and Financial Healthiness

    DEFF Research Database (Denmark)

    Hansen, Torben

    2014-01-01

    Trust not only relates to customer trust in individual financial companies (i.e., narrow-scope trust) but also relates to the broader business context in which consumers carry out their financial decisions (i.e., broad-scope trust). Based on two surveys comprising 1,155 bank consumers and 764...

  8. Efficiency Improvement and Quality Initiatives Application in Financial Institutions

    OpenAIRE

    MSc. Ajtene Avdullahi; MSc. Vjosa Fejza

    2015-01-01

    Financial institutions in today’s economy have no longer the luxury to improve profit simply by increasing revenue. These firms, due to the significant measuring reductions in the financial services industry needed to improve operational efficiencies and merely support existing processes with fewer resources. This paper explains the benefits of Lean, Six Sigma, Total Quality Management and Lean Six Sigma that have improved organization's performance, by cutting costs and waste, improving thei...

  9. Current Transformations of the Eurozone Financial and Institutional Space

    Directory of Open Access Journals (Sweden)

    Kornіvska Valerіa O.

    2016-08-01

    Full Text Available The article presents the results of studying the processes of reforming the financial and institutional space of the eurozone, which in the long run creates the foundation for basic changes, which will result in not just a postcrisis “restart” of the system of financial institutions, but the creation of new mechanisms of liquidity circulation and in view of this the restructuring of the current model of investment process from mainly the banking into the market (stock one. On the basis of the analysis of the credit cooperation between banking institutions of the eurozone and the real sector there made conclusions about the limited effectiveness of the current model of investment support due to the inability of the dominant financial institutions (banks to enable economic recovery under conditions of the gap between the complementary interaction of banking institutions and the real sector of the economy. The paper justifies that the gap between the complementarity of the banking system and the real sector emerged also in connection with the formation of the negative in the general economic context complementarity of the state and the banking sector, which greatly distorts the competitive foundations of the European financial and institutional space, contributes to the banking lobby, hinders the process of reforming the banking space, which will be of limited effectiveness in the future

  10. A financial perspective: categories of higher education institutions

    Institute of Scientific and Technical Information of China (English)

    Zhang Min-xuan

    2006-01-01

    From a financial perspective,the criteria for category distinction of higher education institutions should be based on the ownership of institution property and income for recurrent expenditure.The development of modern higher education witnessed the period wherein higher education institutions have both private property and private payment for recurrent expenditure.The development also saw the period wherein all the institution properties were owned by the state and all the recurrent expenditure were paid by the government. Accordingly,universities could be divided into two categories of "public" and "private" institutions until the 1970s.However,things have been changing greatly over the past 20 years.Property ownership and payment for recurrent expenditure have been separated.The public institutions appeal to more and more individuals sharing recurrent expenditure,while private institutions ask for more and more public financial support.Therefore,some financially mixed institutions came into being and "three categories with sub-groups" has become a new phenomenon.

  11. Corporate Communication in European Financial Institutions

    NARCIS (Netherlands)

    C.B.M. van Riel (Cees)

    1992-01-01

    textabstractIn 1988 the Rotterdam School of Management and Fairfield University conducted jointly a survey in twenty-one banks and twenty insurance companies in Europe and the U.S. The purpose was to examine corporate communication practices in comparable service industries on two continents. Centr

  12. Corporate Communication in European Financial Institutions

    NARCIS (Netherlands)

    C.B.M. van Riel (Cees)

    1992-01-01

    textabstractIn 1988 the Rotterdam School of Management and Fairfield University conducted jointly a survey in twenty-one banks and twenty insurance companies in Europe and the U.S. The purpose was to examine corporate communication practices in comparable service industries on two continents. Centr

  13. INFLUENCE OF RELATIONS WITH INTERNATIONAL FINANCIAL INSTITUTIONS ON INSTITUTIONAL TRANSFORMATIONS OF ECONOMY

    Directory of Open Access Journals (Sweden)

    Galyna POCHENCHUK

    2014-12-01

    Full Text Available The article deals with the problem of the impact of transitional countries cooperation with international financial institutions on institutional changes which take place in emerging market economies, on the base of Ukraine. Research is carried out from the standpoint of institutional theory. The main reforms that took place in emerging market economy countries were based on the Washington Consensus strategy recommended by international financial institutions. The results of implementing this strategy are varied in different countries. In Ukraine strict adherence to requirements in the early stages of reforms without internal institutional conditions and characteristics led to a deep and protracted crisis of forming a "transformational stability." The general formal institutions of the market economy have been created according to the neoliberal concept which is provided by IFIs. However, experience of transitive economies including Ukraine, confirms the ineffectiveness of many established formal institutions borrowed from the developed countries. The author reviews the basic theory of institutional changes, argues that the terms of cooperation circulated by international financial institutions not only affect economic development strategy, but also determine the role of the national government in relations with markets. Under present conditions prevailing in Ukraine, it is impossible to manage without assistance of international financial institutions. But we need to pay more attention to technical and advisory cooperation in realization of institutional reforms, and credits – to take as a required time for receiving the results of reforms.

  14. Corporate Governance Practices In Selected Indian Financial Institutions

    Directory of Open Access Journals (Sweden)

    Suman Kalyan Chaudhury

    2012-06-01

    Full Text Available It has been realized that Corporate Governance is vital for better management of any organization. Financial reporting and disclosure of any information are the key factors of corporate governance. Financial Institutions are no exceptions and there has been increasing demand for transparency in functioning of these Institutions in view of several scams.In this paper a modest effort is made to discuss the reporting pattern of India’s twelve financial institutions namely SBI, IDBI, SIDBI, IFCI, NABARD, PNB, UBI, BOB, BOI, KMB, NHB and HDFC. Top Six commercial banks namely (SBI, BOB, PNB, KMB UBI & BOI, six developments banks viz. SIDBI, IFCI, HFDC, IDBI, NHB, and NABARD  are selected under study .The rationale for selection of these institutes is that being incorporated organizations, they should have same Corporate Governance standards. In view of transparency in functioning, the role of different Committees has a vital role to play. Six parameters have been chosen for comparison of various corporate governance practices in all these twelve financial institutions namely, Company’s philosophy on Corporate Governance, Formation of Board of Directors, Composition of Board of Directors, Particulars of Director’s, Organizational Committees, and Additional Information supplied in CG report or in the Annual report. 

  15. FINANCIAL DEVELOPMENT, INSTITUTIONS AND ECONOMIC POLICY – PANEL DATA EVIDENCE

    Directory of Open Access Journals (Sweden)

    Filippidis Ioannis

    2013-07-01

    Full Text Available In recent years significant researches have been done to identify what are the determinants of financial development. With regard to this outline, the main objective is to investigate the effect of economic, political and social dimension of institutional quality, as well as the effect of political and macroeconomic factors on financial development. More specifically, the present work aims to contribute to the relevant literature in the following ways: i in the econometric front, we employ dynamic panel techniques, that allow for heterogeneity among variables, avoiding the known problems of traditional techniques. More specifically, we employ the “system GMM” estimator developed by Arellano and Bover (1995, and Blundell and Bond (1998, controlling for endogeneity among variables; ii we disentangle into economic, political and social institutional quality in order to quantify the effect of institutions on financial development and check the robustness of our results; iii in the same logic, we decompose our measure of financial openness into equity- and loan-related foreign assets and liabilities in order to assess whether the hoarding of risky vs. riskless assets or the accumulation of equity vs. debt liabilities affect the development of domestic financial institutions; and iv to control for a potential bias among variables, we include a large set of information, which covers all the spectrum of possible effects on finance, giving emphasis on political factors and government policies. Our main finding from the regression analyses is a robust empirical relationship from institutions to financial development, a result consistent with most empirical studies. Also, we find a stronger effect from economic institutions to banking sector development and from political institutions to stock market development. Regarding the trade and finance link, we find that openness has a much stronger association with bank-based finance than with stock market

  16. State of Liquidity Management in Islamic Financial Institutions

    OpenAIRE

    Syed Ali, Salman

    2013-01-01

    Liquidity position and liquidity risk of Islamic financial institutions has been changing over time. Using three measures of liquidity this paper analyses the state of liquidity and the risk management practices of Islamic banks across countries and regions and compares them with conventional banks. It calls for creating new instruments and infrastructure for liquidity risk management and proposes fresh approaches to manage this risk.

  17. International Financial Institution Policies of Conditionality and Public Pedagogy

    Science.gov (United States)

    MacPhail, Scott; McGray, Robert

    2014-01-01

    Conditionalities are most broadly defined as the provisos that are to be met by a country when borrowing money from the International Financial Institutions (IFIs). Increasingly, they have proven to have far reaching consequences for countries entering into agreements with The World Bank, the International Monetary Fund, and the World Trade…

  18. International Financial Institution Policies of Conditionality and Public Pedagogy

    Science.gov (United States)

    MacPhail, Scott; McGray, Robert

    2014-01-01

    Conditionalities are most broadly defined as the provisos that are to be met by a country when borrowing money from the International Financial Institutions (IFIs). Increasingly, they have proven to have far reaching consequences for countries entering into agreements with The World Bank, the International Monetary Fund, and the World Trade…

  19. 31 CFR 540.319 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false U.S. financial institution. 540.319 Section 540.319 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE... banks, trust companies, securities brokers and dealers, commodity futures and options brokers...

  20. State of Liquidity Management in Islamic Financial Institutions

    OpenAIRE

    SYED ALI, SALMAN

    2013-01-01

    Liquidity position and liquidity risk of Islamic financial institutions has been changing over time. Using three measures of liquidity this paper analyses the state of liquidity and the risk management practices of Islamic banks across countries and regions and compares them with conventional banks. It calls for creating new instruments and infrastructure for liquidity risk management and proposes fresh approaches to manage this risk.

  1. 77 FR 13046 - Customer Due Diligence Requirements for Financial Institutions

    Science.gov (United States)

    2012-03-05

    ... institutions, such as money services businesses (including providers of prepaid access), insurance companies...., ``Anti-Money Laundering Programs for Insurance Companies,'' 31 CFR 1025.210(b)(1). II. Background FinCEN... tax compliance; and (v) Promoting global financial transparency and efforts to combat transnational...

  2. Assessing the financial characteristics of multi-institutional organizations.

    Science.gov (United States)

    Coyne, J S

    1985-02-01

    The prospective pricing of health services is precipitating greater attention to financial characteristics and greater development of multi-institutional organizations (MIOs). This study compares the financial characteristics of 1,590 MIO hospitals with 2,819 freestanding hospitals by ownership type: church-operated, other not-for-profit, and investor-owned. Using 1981 data from the American Hospital Association, the hospitals' capital structure and profitability are measured using three financial ratios: total assets-to-equity, return on equity, and operating margin. The results indicate both greater leverage and greater profitability among MIO hospitals, particularly in the investor-owned sector. The implications of these findings are discussed relative to financial performance by hospital ownership type in the future.

  3. 20 CFR 416.1321 - Suspension for not giving us permission to contact financial institutions.

    Science.gov (United States)

    2010-04-01

    ... contact financial institutions. 416.1321 Section 416.1321 Employees' Benefits SOCIAL SECURITY....1321 Suspension for not giving us permission to contact financial institutions. (a) If you don't give us permission to contact any financial institution and request any financial records about you...

  4. 31 CFR 103.176 - Due diligence programs for correspondent accounts for foreign financial institutions.

    Science.gov (United States)

    2010-07-01

    ...) The nature of the foreign financial institution's business and the markets it serves; (ii) The type... correspondent accounts for foreign financial institutions. 103.176 Section 103.176 Money and Finance: Treasury... institutions. (a) In general. A covered financial institution shall establish a due diligence program...

  5. Institution, Financial Sector, and Economic Growth: Use The Institutions As An Instrument Variable

    Directory of Open Access Journals (Sweden)

    Albertus Girik Allo

    2016-06-01

    Full Text Available Institution has been investigated having indirect role on economic growth. This paper aims to evaluate whether the quality of institution matters for economic growth. By applying institution as instrumental variable at Foreign Direct Investment (FDI, quality of institution significantly influence economic growth. This study applies two set of data period, namely 1985-2013 and 2000-2013, available online in the World Bank (WB. The first data set, 1985-2013 is used to estimate the role of financial sector on economic growth, focuses on 67 countries. The second data set, 2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method. We define institutional variables as set of indicators: Control of Corruption, Political Stability and Absence of Violence, and Voice and Accountability provide declining impact of FDI to economic growth.

  6. INTERNAL CONTROLS IN ENSURING GOOD CORPORATE GOVERNANCE IN FINANCIAL INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    KOSMAS NJANIKE

    2011-01-01

    Full Text Available This paper assessed factors that influence the internal controls in ensuring good corporate governance in financial institutions in developing economies with special reference to Zimbabwe. The research paper assessed how lack of internal controls affected good corporate governance and aimed to bring out elements of good corporate governance. It emerged that failure to effectively implement internal controls contributed significantly to poor corporate governance. The study discovered that internal control system overrides and the issue of “fact cat” directors also contributed to poor corporate governance. The study recommended that there is need for the board of directors to guarantee an organizational structure that clearly defines management responsibilities, authority and reporting relationships. There is also need to ensure that delegated responsibilities are effectively carried out to ensure compliance with internal controls of the financial institution concerned.

  7. The World Bank as an International Financial Institution

    OpenAIRE

    Shams, Rasul

    2004-01-01

    The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods. If we take this interpretation seriously the comprehensiveness of the Bank's activity suggests that the Bank is assuming more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank as a huge ...

  8. Better Micro Financers in Pakistan, Banks or Financial Institutions

    Directory of Open Access Journals (Sweden)

    Muhammad Imtiaz Subhani

    2011-02-01

    Full Text Available The paper is an emphasis on the financial sustainability of micro financing in Pakistanwhere Banks and institution use different products & services that help in reducing the poverty bycoping up with subjective & objective poverty, this study found that banks were morecommercialized in terms of payback & interest rates while engaged in micro financing but despitethat Banks are endeavoring more ventures to uplift poverty in Pakistan through micro financing topoor.

  9. Establishing a Foreign-owned Financial Institution in China

    Institute of Scientific and Technical Information of China (English)

    CHRIS; DEVONSHIRE-ELLIS

    2008-01-01

    Setting up a foreign-owned bank in China can be a daunting task, requiring strict adherence to the China Banking Regulatory Commission’s (CBRC) Measures for the Implementation of Administrative Licensing Items Concerning Foreign-Funded Financial Institutions. The CBRC’s requirements can be distilled down to three manageable components: setting up the representative office, applying for a business license, and establishing a branch.

  10. Sales Promotion Strategies of Financial Institutions in Bayelsa State

    OpenAIRE

    Banabo Ekankumo; Koroye Braye Henry

    2011-01-01

    Sales promotion is a veritable tool in the hands of marketers to not only serve as a defensive strategy but an offensive weapon to combat the ever increasing competitive environment of the organization. Its primary objective is to act as a conduit through which marketers can build loyalty of consumers as well induce quick profit as a result of return purchase. Therefore, the study is an attempt to critically and empirically examine the sales promotion strategies of financial institution in Ni...

  11. 31 CFR 103.33 - Records to be made and retained by financial institutions.

    Science.gov (United States)

    2010-07-01

    ... enforcement or financial regulatory agency, or in connection with the requesting financial institution's own... financial institutions. 103.33 Section 103.33 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Records Required To...

  12. Hospital financial performance in the recent recession and implications for institutions that remain financially weak.

    Science.gov (United States)

    Bazzoli, Gloria J; Fareed, Naleef; Waters, Teresa M

    2014-05-01

    The recent recession had a profound effect on all sectors of the US economy, including health care. We examined how private hospitals fared through the recession and considered how changes in their financial health may affect their ability to respond to future industry challenges. We categorized 2,971 private short-term general medical or surgical hospitals (both nonprofit and for-profit) according to their pre-recession financial health and safety-net status, and we examined their operational status changes and operating and total financial margins during 2006-11. We found that hospitals that were financially weak before the recession remained so during and after the recession. The total margins of nonprofit hospitals (both safety-net and other institutions) declined in 2008 but returned to their pre-recession levels by 2011. The recession did not create additional fiscal pressure on hospitals that were previously financially weak or in safety-net roles. However, both groups continue to have notable financial deficiencies that could limit their abilities to meet the growing demands on the industry.

  13. 31 CFR 598.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 598.409 Section 598.409 Money and Finance: Treasury Regulations Relating.... financial institutions. The prohibition in § 598.203 on dealing in property in which a specially designated narcotics trafficker has an interest prohibits U.S. financial institutions from performing under...

  14. 49 CFR 801.58 - Records for regulation of financial institutions.

    Science.gov (United States)

    2010-10-01

    ... 49 Transportation 7 2010-10-01 2010-10-01 false Records for regulation of financial institutions... for regulation of financial institutions. Pursuant to 5 U.S.C. 552(b)(8), records compiled for agencies regulating or supervising financial institutions are exempt from public disclosure....

  15. 31 CFR 542.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 542.409 Section 542.409 Money and Finance: Treasury Regulations Relating.... financial institutions from performing under any existing credit agreements, including, but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a...

  16. 31 CFR 548.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 548.409 Section 548.409 Money and Finance: Treasury Regulations Relating.... financial institutions from performing under any existing credit agreements, including, but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a...

  17. 31 CFR 536.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 536.409 Section 536.409 Money and Finance: Treasury Regulations Relating....S. financial institutions. The prohibition in § 536.201 on dealing in property in which a specially designated narcotics trafficker has an interest prohibits U.S. financial institutions from performing...

  18. 49 CFR 26.27 - What efforts must recipients make concerning DBE financial institutions?

    Science.gov (United States)

    2010-10-01

    ... financial institutions? 26.27 Section 26.27 Transportation Office of the Secretary of Transportation... efforts must recipients make concerning DBE financial institutions? You must thoroughly investigate the full extent of services offered by financial institutions owned and controlled by socially...

  19. 31 CFR 543.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 543.409 Section 543.409 Money and Finance: Treasury Regulations Relating.... financial institutions from performing under any existing credit agreements, including, but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a...

  20. 31 CFR 587.408 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 587.408 Section 587.408 Money and Finance: Treasury Regulations Relating... Credit extended and cards issued by U.S. financial institutions. Section 587.201 on dealing in property..., debit cards, or other credit facilities issued by a U.S. financial institution to a person designated...

  1. 31 CFR 544.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 544.409 Section 544.409 Money and Finance: Treasury Regulations Relating... cards issued by U.S. financial institutions. The prohibition in § 544.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing...

  2. 12 CFR 615.5040 - Borrowings from financial institutions other than commercial banks.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Borrowings from financial institutions other... § 615.5040 Borrowings from financial institutions other than commercial banks. The Farm Credit banks may borrow from other financial institutions, such as insurance companies, Federal agencies, or...

  3. 31 CFR 547.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 547.409 Section 547.409 Money and Finance: Treasury Regulations Relating... issued by U.S. financial institutions. The prohibition in § 547.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit...

  4. 75 FR 76617 - Use of Community Development Loans by Community Financial Institutions To Secure Advances...

    Science.gov (United States)

    2010-12-09

    ... community financial institution (CFI) members may pledge to secure Federal Home Loan Bank (Bank) advances to... RIN 2590-AA24 Use of Community Development Loans by Community Financial Institutions To Secure... development financial institutions, FHFA included a technical amendment to the definition of ``CFI''...

  5. 75 FR 678 - Federal Home Loan Bank Membership for Community Development Financial Institutions

    Science.gov (United States)

    2010-01-05

    ... its members. Bank membership is limited to the several types of financial institutions listed in... ``community financial institution.'' The Bank Act defines CFIs as FDIC-insured members that have average total... Community Development Financial Institutions; Final Rule #0;#0;Federal Register / Vol. 75, No. 2 /...

  6. 12 CFR 1806.102 - Relationship to other Community Development Financial Institutions Programs.

    Science.gov (United States)

    2010-01-01

    ... Financial Institutions Programs. 1806.102 Section 1806.102 Banks and Banking COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF THE TREASURY BANK ENTERPRISE AWARD PROGRAM General Provisions § 1806.102 Relationship to other Community Development Financial Institutions Programs. Prohibition against double...

  7. 31 CFR 588.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 588.409 Section 588.409 Money and Finance: Treasury Regulations Relating.... financial institutions. The prohibition in § 588.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit agreements, including,...

  8. 31 CFR 575.534 - Transfers of certain blocked claims by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Transfers of certain blocked claims by U.S. financial institutions. 575.534 Section 575.534 Money and Finance: Treasury Regulations... Transfers of certain blocked claims by U.S. financial institutions. U.S. financial institutions...

  9. 31 CFR 541.408 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 541.408 Section 541.408 Money and Finance: Treasury Regulations Relating.... financial institutions from performing under any existing credit agreements, including, but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a...

  10. 31 CFR 594.410 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 594.410 Section 594.410 Money and Finance: Treasury Regulations Relating... subject to those sections prohibits U.S. financial institutions from performing under any existing credit... U.S. financial institution to a person whose property or interests in property are blocked...

  11. 31 CFR 546.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 546.409 Section 546.409 Money and Finance: Treasury Regulations Relating.... financial institutions from performing under any existing credit agreements, including, but not limited to, charge cards, debit cards, or other credit facilities issued by a U.S. financial institution to a...

  12. 31 CFR 593.409 - Credit extended and cards issued by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ....S. financial institutions. 593.409 Section 593.409 Money and Finance: Treasury Regulations Relating... issued by U.S. financial institutions. The prohibition in § 593.201 on dealing in property subject to that section prohibits U.S. financial institutions from performing under any existing credit...

  13. 31 CFR 203.4 - Financial institution eligibility for designation as a TT&L depositary.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Financial institution eligibility for... financial institution must be insured as a national banking association, state bank, savings bank, savings... Comptroller of the Currency. (b) A financial institution must possess the authority to pledge collateral to...

  14. 12 CFR 509.101 - Appointment of Office of Financial Institution Adjudication.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Appointment of Office of Financial Institution... Office of Financial Institution Adjudication. Unless otherwise directed by the Office, all hearings under... direction of the Office of Financial Institution Adjudication, 1700 G Street NW., Washington, DC 20552. ...

  15. 31 CFR 203.5 - Designation of financial institutions as TT&L depositaries.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false Designation of financial institutions... financial institutions as TT&L depositaries. (a) Parties to the agreement. To be designated as a TT&L depositary, a financial institution must enter into a depositary agreement with Treasury or Treasury's Fiscal...

  16. 31 CFR 363.38 - What happens if my financial institution returns an ACH debit?

    Science.gov (United States)

    2010-07-01

    ... TreasuryDirect § 363.38 What happens if my financial institution returns an ACH debit? If your designated financial institution returns an ACH debit, we reserve the right to reinitiate the debit at our option. We.... We are not responsible for any fees your financial institution may charge relating to returned ACH...

  17. 20 CFR 418.3420 - How are funds held in financial institution accounts counted?

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false How are funds held in financial institution... SUBSIDIES Medicare Part D Subsidies Resources § 418.3420 How are funds held in financial institution accounts counted? (a) Owner of the account. Funds held in a financial institution account (including...

  18. 48 CFR 32.411 - Agreement for special account at a financial institution.

    Science.gov (United States)

    2010-10-01

    ... account at a financial institution. 32.411 Section 32.411 Federal Acquisition Regulations System FEDERAL... Items 32.411 Agreement for special account at a financial institution. The contracting officer must use... ____ corporation (the Contractor), and ____, a financial institution operating under the laws of ____, located at...

  19. 20 CFR 416.1208 - How funds held in financial institution accounts are counted.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false How funds held in financial institution accounts are counted. 416.1208 Section 416.1208 Employees' Benefits SOCIAL SECURITY ADMINISTRATION... held in financial institution accounts are counted. (a) General. Funds held in a financial institution...

  20. 78 FR 5870 - Community Development Financial Institutions Fund: Proposed Collection; Comment Request

    Science.gov (United States)

    2013-01-28

    ... Community Development Financial Institutions Fund: Proposed Collection; Comment Request ACTION: Notice and... Financial Institutions (CDFI) Fund, an office within the Department of the Treasury, is soliciting comments... Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW...

  1. "Institutional Prerequisites of Financial Fragility within Minsky's Financial Instability Hypothesis: A Proposal in Terms of 'Institutional Fragility'"

    OpenAIRE

    2011-01-01

    The relevancy of Minsky's Financial Instability Hypothesis (FIH) in the current (and still unfolding) crisis has been clearly acknowledged by both economists and regulators. While most papers focus on discussing to what extent the FIH or Minsky's Big Bank/Big Government interpretation is appropriate to explain and sort out the crisis, some authors have also emphasized the need to consider the institutional foundations of Minsky's work (Whalen 2007, Wray 2008, Dimsky 2010). The importance of i...

  2. Market risk stress testing for internationally active financial institutions

    Directory of Open Access Journals (Sweden)

    Marković Petar

    2011-01-01

    Full Text Available The paper develops a comprehensive framework for market risk stress testing in internationally active financial institutions. We begin by defining the scope and type of the stress test and explaining how to select risk factors and the stress time horizon. We then address challenges related to data gathering, followed by in-depth discussion of techniques for developing realistic shock scenarios. Next the process of shock application to a particular portfolio is described, followed by determination of portfolio profit and loss. We conclude by briefly discussing the issue of assigning probability to stress scenarios. We illustrate the framework by considering the development of a ‘worst case’ scenario using global financial market data from Thomson Reuters Datastream.

  3. Financial Institutions on DoD Installations, Directive Number 1000.11

    Science.gov (United States)

    2007-11-02

    electronic banking services and, as such, shall be provided only by financial institutions that are chartered and insured in accordance with the...activity or financial institution seeking to expand financial services shall coordinate such requests with the installation bank /credit union liaison...Department of Defense DIRECTIVE NUMBER 1000.11 June 9, 2000 USD(C) SUBJECT: Financial Institutions on DoD Installations References: (a) DoD

  4. Supervision Legislation for Foreign Capital Financial Institutions Starting up

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ Supervision over foreign capital banks should reflect the new concept of equalattention paid to the fully open up and prudent supervision. China Banking Regulatory Commission (CBRC) held "2005National Meeting of Regulating Foreign Capital Banks" from April 7 to 8 in Shenzhen. There were 19leaders from local Banking Regulatory Bureaus, who deal with foreign capital regulating business, attended the meeting.At the meeting, Shi Jiliang, Vice-President of CBRC, said that CBRC is going to set up a trans-department statute cleaning up group, and start the revision of"Administrating Statutes for Foreign Capital Financial Institutions" and "Detailed Rules and Regulations in Implementing".

  5. Reporting of financial and non-financial conflicts of interest by authors of systematic reviews: a methodological survey

    Science.gov (United States)

    Anouti, Sirine; Al-Gibbawi, Mounir; Abou-Jaoude, Elias A; Hasbani, Divina Justina; Guyatt, Gordon; Akl, Elie A

    2016-01-01

    Background Conflicts of interest may bias the findings of systematic reviews. The objective of this methodological survey was to assess the frequency and different types of conflicts of interest that authors of Cochrane and non-Cochrane systematic reviews report. Methods We searched for systematic reviews using the Cochrane Database of Systematic Reviews and Ovid MEDLINE (limited to the 119 Core Clinical Journals and the year 2015). We defined a conflict of interest disclosure as the reporting of whether a conflict of interest exists or not, and used a framework to classify conflicts of interest into individual (financial, professional and intellectual) and institutional (financial and advocatory) conflicts of interest. We conducted descriptive and regression analyses. Results Of the 200 systematic reviews, 194 (97%) reported authors' conflicts of interest disclosures, typically in the main document, and in a few cases either online (2%) or on request (5%). Of the 194 Cochrane and non-Cochrane reviews, 49% and 33%, respectively, had at least one author reporting any type of conflict of interest (p=0.023). Institutional conflicts of interest were less frequently reported than individual conflicts of interest, and Cochrane reviews were more likely to report individual intellectual conflicts of interest compared with non-Cochrane reviews (19% and 5%, respectively, p=0.004). Regression analyses showed a positive association between reporting of conflicts of interest (at least one type of conflict of interest, individual financial conflict of interest, institutional financial conflict of interest) and journal impact factor and between reporting individual financial conflicts of interest and pharmacological versus non-pharmacological intervention. Conclusions Although close to half of the published systematic reviews report that authors (typically many) have conflicts of interest, more than half report that they do not. Authors reported individual conflicts of interest

  6. INSTITUTIONAL PROBLEMS OF FINANCIAL CAPITAL MOBILIZATION IN MODERN RUSSIAN ECONOMY

    Directory of Open Access Journals (Sweden)

    Igor Barhatov

    2015-07-01

    Full Text Available This article views the mechanism and modern forms of financial capital mobilization in risky and uncertain conditions of the economic environment. From the perspective of the institutional approach, there is a group of problems typical for two different financial capital mobilization models: the bank loans market and the stock market. It reveals some contradictions of capital mobilization mechanism through bank lending by a critical assessment of subjective and purely subject-object relations; the major participant currently is the State. The features of the process of investing in a portfolio of securities in the current environment of high volatility of systematic and specific nature are defined, which ultimately determine the need to revise the prerequisites of classical portfolio theory and the development of new algorithms for redistribution of capital.Solving the problem of the role of the State in the financial capital mobilization will allow the mechanism to adjust itself in the direction of growth in bank lending instruments. Simultaneously, there is an increase in the growth rate in the real sector of the Russian economy.  The proposed mathematical apparatus of fuzzy set theory, based on uncertainty factors variety of the economic system being considered, is capable of minimizing the portfolio investment risk.

  7. 12 CFR 261.20 - Confidential supervisory information made available to supervised financial institutions and...

    Science.gov (United States)

    2010-01-01

    ... by the Board or the appropriate Federal Reserve Bank to the supervised financial institution. (b) Disclosure of confidential supervisory information by supervised financial institution—(1) Parent bank... financial institution, its parent bank holding company, or the officers, directors, and employees of...

  8. 32 CFR Appendix G to Part 275 - Releasing Information Obtained From Financial Institutions

    Science.gov (United States)

    2010-07-01

    ... SECRETARY OF DEFENSE (CONTINUED) MISCELLANEOUS OBTAINING INFORMATION FROM FINANCIAL INSTITUTIONS: RIGHT TO... Financial Institutions A. Financial records obtained under 12 U.S.C. chapter 35 shall be marked: “This... 32 National Defense 2 2010-07-01 2010-07-01 false Releasing Information Obtained From...

  9. 77 FR 9021 - Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding...

    Science.gov (United States)

    2012-02-15

    ...). Chapter 4 also requires certain non-financial foreign entities (NFFEs) to provide information on their... Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding on Certain...) regarding information reporting by foreign financial institutions (FFIs) with respect to U.S. accounts......

  10. 77 FR 65675 - Financial Education Content Needs Survey

    Science.gov (United States)

    2012-10-30

    ... From the Federal Register Online via the Government Publishing Office COMMODITY FUTURES TRADING COMMISSION Financial Education Content Needs Survey AGENCY: Commodity Futures Trading Commission, Office of Consumer Outreach. ACTION: Notice. SUMMARY: The Commodity Futures Trading Commission (``CFTC''...

  11. Strengthening the EU Legal and Institutional Framework to Combat Transnational Financial Crimes

    DEFF Research Database (Denmark)

    Marchuk, Iryna

    The report examines the development of adequate legal tools and practices to combat transnational financial crimes such as money laundering, terrorism financing, corruption, transnational financial fraud, and investigates measures directed at strengthening the overall legal and institutional...

  12. 31 CFR 545.503 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 545.503 Section 545.503 Money and Finance: Treasury Regulations... § 545.503 Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of.... financial institution, must be blocked in an account on the books of that financial institution. A...

  13. 31 CFR 540.503 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 540.503 Section 540.503 Money and Finance: Treasury Regulations... possession or control of a U.S. financial institution must be blocked in an account on the books of that financial institution. A transfer of funds or credit by a U.S. financial institution between...

  14. An Empirical Analysis of Regional Disparity of Financial Exclusion Based on Types and Levels of Financial Institution

    Institute of Scientific and Technical Information of China (English)

    Yongbin LU; Xianping ZHOU; Min LI; Wanpeng ZOU

    2015-01-01

    We make an empirical analysis of regional characteristics of influence factors of financial exclusion by using the data of types and levels of financial institutions in China from 1998 to 2012. The study shows that the number of financial institutions continues to increase,but with uneven distribution; the density of financial institutions increases steadily and the gap between the eastern regions and the Midwest is huge; the commercial banks of the eastern regions account for the highest proportion but the rate of basic outlets of the commercial bank is low,the rate of basic outlets of the rural institution bank is relatively higher,and the proportion of the Midwest rural banks is high. Even though the financial exclusion eases,large differences still exist in different areas and the situation is rather critical in rural areas,especially the financial exclusion in western rural areas is the worst. The economic development level,area scale,government expenditure,personal savings level,per capita consumption and educational level have different effects on financial exclusion. Accordingly,this paper puts forward the recommendations for coordinating the financial resource from all regions and reducing the regional financial exclusion.

  15. Malaria eradication: the economic, financial and institutional challenge

    Directory of Open Access Journals (Sweden)

    Hanson Kara

    2008-12-01

    Full Text Available Abstract Malaria eradication raises many economic, financial and institutional challenges. This paper reviews these challenges, drawing on evidence from previous efforts to eradicate malaria, with a special focus on resource-poor settings; summarizes more recent evidence on the challenges, drawing on the literature on the difficulties of scaling-up malaria control and strengthening health systems more broadly; and explores the implications of these bodies of evidence for the current call for elimination and intensified control. Economic analyses dating from the eradication era, and more recent analyses, suggest that, in general, the benefits of malaria control outweigh the costs, though few studies have looked at the relative returns to eradication versus long-term control. Estimates of financial costs are scanty and difficult to compare. In the 1960s, the consolidation phase appeared to cost less than $1 per capita and, in 1988, was estimated to be $2.31 per capita (both in 2006 prices. More recent estimates for high coverage of control measures suggest a per capita cost of several dollars. Institutional challenges faced by malaria eradication included limits to the rule of law (a major problem where malaria was concentrated in border areas with movement of people associated with illegal activities, the existence and performance of local implementing structures, and political sustainability at national and global levels. Recent analyses of the constraints to scaling-up malaria control, together with the historical evidence, are used to discuss the economic, financial and institutional challenges that face the renewed call for eradication and intensified control. The paper concludes by identifying a research agenda covering: ∘ issues of the allocative efficiency of malaria eradication, especially using macro-economic modelling to estimate the benefits and costs of malaria eradication and intensified control, and studies of the links between

  16. ORGANIZATION OF NON-BANK FINANCIAL INSTITUTIONS AND THEIR NEED FOR SUPERVISION

    Directory of Open Access Journals (Sweden)

    Medar Lucian-Ion

    2009-11-01

    Full Text Available In order to monitor lending operations, implicitly leading to an increase in money supply, and all financial and non-financial transactions, non-bank financial institutions allow empowered personnel of National Bank of Romania to examine their records, accounts and transactions, providing to this end all the documents and information concerning the management, internal control and operations of non-bank financial institutions, as will be required. Registered non-bank financial institutions carrying out monetary activities are legal persons reporting to the Credit Risk Control of National Bank of Romania, in compliance with the field regulations issued by the above mentioned bank.

  17. ORGANIZATION OF NON-BANK FINANCIAL INSTITUTIONS AND THEIR NEED FOR SUPERVISION

    Directory of Open Access Journals (Sweden)

    Lucian-Ion MEDAR

    2010-06-01

    Full Text Available In order to monitor lending operations, implicitly leading to an increase in money supply, and all financial and non-financial transactions, non-bank financial institutions allow empowered personnel of National Bank of Romania to examine their records, accounts and transactions, providing to this end all the documents and information concerning the management, internal control and operations of non-bank financial institutions, as will be required. Registered non-bank financial institutions carrying out monetary activities are legal persons reporting to the Credit Risk Control of National Bank of Romania, in compliance with the field regulations issued by the above mentioned bank.

  18. The Management of Operational Risk Specific to Non-banking Financial Institutions in the Context of Actual Financial Crisis

    Directory of Open Access Journals (Sweden)

    Nicolae DARDAC

    2010-04-01

    Full Text Available The current financial crisis is not a singular event in the history of crisis episodes. The essential difference between past episodes of financial turmoil and the actual crisis is the unprecedented severity, the pace of contagion and its global size. Financial markets have been seriously disturbed, threatening the robustness of financial institutions and their ability to meet current needs to properly manage the risk. One such risk is operational risk, which has become an important source of loss not only for credit institutions but, especially, for non-banking financial institutions (NFI. In this context, the main purpose of this study is to present the best techniques and methods of managing this risk, less addressed problem in the literature from our country.

  19. Multiple intelligence: ethical leadership feature consistent financial institutions.

    Directory of Open Access Journals (Sweden)

    Diamela Nava

    2015-03-01

    Full Text Available This study aims to make a theoretical underpinning contrast analysis on the multiple intelligences: consistent feature of Ethical Leadership in Financial Institutions. However, this research was conducted under a qualitative approach, a descriptive, using document analysis, which eventually might be considered that would support multiple intelligences to implement certain capabilities, to achieve the objectives with the purpose and from the rational point of view, to know how to establish significant changes in some ways it is, the way to assess the cognitive abilities of integrating human talent in organizations. Therefore, the role of the leader is to guide and support the development of human potential in their group as a community of interest in order to achieve the aspirations of the organization using intelligence as a strategic tool in different ways to not limit your imagination, judgment, and cooperative action.  

  20. Development and Creation of Competitive Advantages in the Function of Marketing Services in Financial Institutions

    Directory of Open Access Journals (Sweden)

    Fatos UKAJ

    2016-09-01

    Full Text Available The marketing of the financial services by financial institution is regarded as an easier job. This is due to the fact that, in most cases, when a client is gained, he/she remains loyal to the institution on a long term. Nowadays, taking into consideration the needs of the consumers - clients who are undergoing a constant change - financial institutions are faced with a necessity to have the required knowledge and information regarding what and how to meet the needs of their clients. Financial institutions have reached a stage of adapting their daily activities with the demands of their clients. Thus, this is due to the available information which deals with the needs of the clients, opportunities of financial institution themselves, structural changes in the services provided, and the changes in the market which includes competition. This paper will strive to present the stages of the marketing development in financial institutions through the acquisition of knowledge regarding the finances and marketing of these services. It also involves the current concept and approach towards marketing by financial institutions in Kosovo. Adopting new approaches would satisfy the client and would strengthen the position of financial institution. In addition, through this analysis, we will try to show the importance of including the concept of marketing in the operations and strategies of financial institutions for a successful business.

  1. Financial cost to institutions on patients waiting for gall bladder disease surgery.

    Science.gov (United States)

    Waqas, Ahmed; Qasmi, Shahzad Ahmed; Kiani, Faran; Raza, Ahmed; Khan, Khizar Ishtiaque; Manzoor, Shazia

    2014-01-01

    The aim of this study was to determine the financial costs to institution on patients waiting for gall bladder disease surgery and suggest measures to reduce them. This multi-centre prospective descriptive survey was performed on all patients who underwent an elective cholecystectomy by three consultants at secondary care hospitals in Pakistan between Jan 2010 to Jan 2012. Data was collected on demographics, the duration of mean waiting time, specific indications and nature of disease for including the patients in the waiting list, details of emergency re-admissions while awaiting surgery, investigations done, treatment given and expenditures incurred on them during these episodes. A total of 185 patients underwent elective open cholecystectomy. The indications for listing the patients for surgery were biliary colic in 128 patients (69%), acute cholecystitis in 43 patients (23%), obstructive jaundice in 8 patients (4.5%) and acute pancreatitis in 6 patients (3.2%). 146 (78.9%) and 39 (21.1%) of patients were listed as outdoor electives and indoor emergencies respectively. Of the 185 patients, 54 patients (29.2%) were re-admitted. Financial costs in Pakistani rupees per episode of readmission were 23050 per episode in total and total money spent on all readmissions was Rs. 17,05,700/-. Financial costs on health care institutions due to readmissions in patients waiting for gall bladder disease surgery are high. Identifying patients at risk for these readmissions and offering them early laparoscopic cholecystectomy is very important.

  2. The Value of Institutions for Financial Markets; Evidence From Emerging Markets

    OpenAIRE

    Thomas Stratmann; Bernardin Akitoby

    2009-01-01

    This paper investigates the value of political institutions for financial markets, using panel data from emerging market countries. We test the hypothesis that changes in political institutions, such as improvements in democratic rights and increased government accountability, have a direct effect on sovereign interest rate spreads. We find that financial markets value institutions over and above the economic and fiscal outcomes these institutions shape. Democracy and accountability generally...

  3. Risks and resolutions: the ‘day after’ for financial institutions - a conference summary

    OpenAIRE

    Carl R. Tannenbaum; Steven VanBever

    2009-01-01

    The Chicago Fed’s Supervision and Regulation Department, in conjunction with DePaul University’s Center for Financial Services, sponsored its second annual Financial Institutions Risk Management Conference on April 14–15, 2009. The conference focused on risk management, headline issues, and recent financial innovations.

  4. Financial Planning Education. A Challenge for Teachers, Trainers, and Institutions.

    Science.gov (United States)

    Association of Teacher Educators, Reston, VA.

    This publication is designed to help teachers develop better skills in the teaching of personal and family financial planning and consists of eight chapters: (1) Personal and Family Financial Education: The Need and Structure (C. Raymond Anderson); (2) Development of Self-Concept in Relation to Personal and Family Financial Planning Strategies…

  5. 40 CFR 144.64 - Incapacity of owners or operators, guarantors, or financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 22 2010-07-01 2010-07-01 false Incapacity of owners or operators, guarantors, or financial institutions. 144.64 Section 144.64 Protection of Environment ENVIRONMENTAL..., or financial institutions. (a) An owner or operator must notify the Regional Administrator...

  6. 40 CFR 267.148 - Incapacity of owners or operators, guarantors, or financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 26 2010-07-01 2010-07-01 false Incapacity of owners or operators, guarantors, or financial institutions. 267.148 Section 267.148 Protection of Environment ENVIRONMENTAL... operators, guarantors, or financial institutions. (a) An owner or operator must notify the...

  7. 40 CFR 264.148 - Incapacity of owners or operators, guarantors, or financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 25 2010-07-01 2010-07-01 false Incapacity of owners or operators, guarantors, or financial institutions. 264.148 Section 264.148 Protection of Environment ENVIRONMENTAL... operators, guarantors, or financial institutions. (a) An owner or operator must notify the...

  8. 40 CFR 265.148 - Incapacity of owners or operators, guarantors, or financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 25 2010-07-01 2010-07-01 false Incapacity of owners or operators, guarantors, or financial institutions. 265.148 Section 265.148 Protection of Environment ENVIRONMENTAL... owners or operators, guarantors, or financial institutions. (a) An owner or operator must notify...

  9. 40 CFR 261.148 - Incapacity of owners or operators, guarantors, or financial institutions.

    Science.gov (United States)

    2010-07-01

    ... 40 Protection of Environment 25 2010-07-01 2010-07-01 false Incapacity of owners or operators, guarantors, or financial institutions. 261.148 Section 261.148 Protection of Environment ENVIRONMENTAL... owners or operators, guarantors, or financial institutions. (a) An owner or operator must notify...

  10. A multicriteria approach for rating the credit risk of financial institutions

    NARCIS (Netherlands)

    Baourakis, G.; Conisescu, M.; Dijk, van G.; Pardalos, P.; Zopounidis, C.

    2009-01-01

    Within the new bank regulatory context, the assessment of the credit risk of financial institutions is an important issue for supervising authorities and investors. This study explores the possibility of a developing risk assessment model for financial institutions using a multicriteria

  11. THE IMPACT OF INFLATION ON LEVEL OF DEBT OF BRAZILIAN FINANCIAL INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Carlos André Marinho Vieira

    2016-03-01

    Full Text Available Financial institutions are naturally leveraged companies that use their debt to aim for profit in their operations. The role of financial intermediary gives these institutions the context needed to use financial leverage for profit. Among the several variables used in debt levels of these institutions, Hortlund (2005 highlights inflation as having a central role in this phenomenon. This study aimed to find out how inflation influences the debt of Brazilian financial institutions. To achieve this goal, data of brazilian banks from 1996 to 2013 were analyzed, being related to other variables in order to allocate more consistency of the model used. Through balanced and unbalanced panel data regressions, results indicate that different from the hypothesis defended by Hortlund (2005, inflation has a negative impact on debt earned by financial institutions during the period. Other findings of the study indicate that the representative variables of increased operations of these institutions, such as GDP growth, growth of assets and loans/assets positively impact the leverage of financial institutions, indicating that these are more likely to go into debt when they can apply this capital in productive operations. Finally, it was found out that the guidelines contained in the Capital Accords Basel II and Basel III, which were required by the national financial system, influenced negatively the levels of debt of financial institutions, making them less leveraged.

  12. 12 CFR 263.54 - Delegation to the Office of Financial Institution Adjudication.

    Science.gov (United States)

    2010-01-01

    ... Uniform Rules § 263.54 Delegation to the Office of Financial Institution Adjudication. Unless otherwise... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Delegation to the Office of Financial Institution Adjudication. 263.54 Section 263.54 Banks and Banking FEDERAL RESERVE SYSTEM (CONTINUED) BOARD OF...

  13. Assessing Institutional Characteristics on Microcredit Default in Kenya: A Comparative Analysis of Microfinance Institutions and Financial Intermediaries

    Science.gov (United States)

    Muthoni, Muturi Phyllis

    2016-01-01

    A major concern on microcredit repayment remains a major obstacle to the Micro Financial Institutions (MFIs) and Financial Intermediaries (FIs) in Kenya. The health of MFI sector in Sub Sahara Africa (SSA) is a cause of concern due to the increased portfolio at risk (PAR). This region records the highest risk globally with its PAR 30 greater than…

  14. Sales Promotion Strategies of Financial Institutions in Bayelsa State

    Directory of Open Access Journals (Sweden)

    Banabo Ekankumo

    2011-08-01

    Full Text Available Sales promotion is a veritable tool in the hands of marketers to not only serve as a defensive strategy but an offensive weapon to combat the ever increasing competitive environment of the organization. Its primary objective is to act as a conduit through which marketers can build loyalty of consumers as well induce quick profit as a result of return purchase. Therefore, the study is an attempt to critically and empirically examine the sales promotion strategies of financial institution in Nigeria. The main objectives was to find out if such a review is necessary in a dynamic business environment and to underscore whether or not sales promotion strategies are effectively adopted in the banking industry in Bayelsa State. Total is 15 banks was randomly selected with 278 respondents who are marketers structured questionnaires were admitted and results gathered were analyzed using tabulation and single percentage method. The summary of the result was that sales promotion is aptly adopted by majority of banks in Yenagoa, and it subsequently recommended that the widest possible understand of the strategy has to be communicated to all levels of the organization to provide the detailed promotional plan of the banks.

  15. 31 CFR 547.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 547.504 Section 547.504 Money and Finance: Treasury Regulations... Policy § 547.504 Payments and transfers to blocked accounts in U.S. financial institutions. Any payment... institution must be blocked in an account on the books of that financial institution. A transfer of funds...

  16. 31 CFR 585.526 - Authorization for release of certain blocked transfers by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... blocked transfers by U.S. financial institutions. 585.526 Section 585.526 Money and Finance: Treasury... institutions. (a) U.S. financial institutions are authorized to unblock and return to the remitting party funds... were not destined for an account on the books of a U.S. financial institution, which account...

  17. A new financial budgetary system for community health services institutions in China.

    Science.gov (United States)

    You, Chuanmei; Yao, Lan; Fu, Jiakang; Wang, Fang; Wang, Hongqing; Dai, Tao

    2011-01-01

    The separation of revenue and expenditure budgets (SREB) is a new financial budgetary system that is being implemented in community health services (CHS) institutions in some areas in China. Through literature review, it was found that, derived from the traditional separation of revenue and expenditure budgets (TSREB) implemented in administrative public services units, SREB and TSREB have something in common and yet many more differences. On the basis of some quantitative and qualitative data that were collected by field survey, it was also found that implementation of SREB in CHS institutions brings positive outcomes in terms of the quantity, quality and efficiency of services; residents' satisfaction; and the behavior of CHS institutions. The conclusion can be suggested that SREB, as a system having impact upon the incentives facing CHS institutions and the nature of governmental responsibility for developing CHS in China, will promote CHS institutions to fulfill basic service functions if implemented well. Therefore, it is a system that is worth further development and evaluation.

  18. A Survey Data Quality Strategy: The Institutional Research Perspective

    Science.gov (United States)

    Liu, Qin

    2009-01-01

    This paper intends to construct a survey data quality strategy for institutional researchers in higher education in light of total survey error theory. It starts with describing the characteristics of institutional research and identifying the gaps in literature regarding survey data quality issues in institutional research. Then it is followed by…

  19. Public survey of financial incentives for kidney donation

    NARCIS (Netherlands)

    L.W. Kranenburg (Leonieke); A. Schram (Andre); W.C. Zuidema (Wilij); W. Weimar (Willem); M.T. Hilhorst (Medard); E. Hessing (Ellen); J. Passchier (Jan); J.J. van Busschbach (Jan)

    2008-01-01

    textabstractBackground. One of the most fiercely debated strategies to increase the number of kidneys for transplantation is the introduction of financial incentives. As the success of such strategy largely depends on public support, we performed a public survey on this topic. Methods. We developed

  20. IMPACT OF THE GLOBAL CRISIS ON THE GOVERNANCE STRUCTURES OF INTERNATIONAL FINANCIAL INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Gökhan Özkan

    2011-11-01

    Full Text Available The global financial crisis dragged many countries into recession, demonstrated that the internationalfinancial system has structural problems and started discussions about restructuring of the international financialinstitutions. The main objective of this paper is to investigate the impact of the global financial crisis on thegovernance structures of the international financial institutions. To this end, studies made at different internationalplatforms were evaluated. The debates and negotiations among the developed and developing countries aboutgovernance structures of the international financial institutions were analyzed. Developing countries’ demand toreform the decision-making mechanisms of the Bretton Woods institutions, the IMF and the World Bank anddeveloped countries’ reservations were investigated. It was concluded that the new shape of the internationalfinancial architecture and governance structures of international financial institutions will depend on internationalpolitics as well as the evolution of the global crisis and the economic dynamics.

  1. Total rewards strategy for a multi-generational workforce in a financial institution

    Directory of Open Access Journals (Sweden)

    Mark Bussin

    2014-02-01

    Full Text Available Orientation: Different generations may value and perceive employee rewards differently. This impacts on reward strategies in the workplace which have been specifically developed to attract, retain and motivate staff. A one-size-fits-all approach to reward strategy may not achieve the objectives intended, leading to direct and indirect financial implications for businesses.Research purpose: This study investigated whether perceptions of reward strategy differed across generations in a large financial institution in South Africa. This context was specifically chosen due to the significant competition to attract and retain staff that exists in the financial sector. To contribute to the practical challenges of reward implementation, the study investigated whether specific reward preferences associated with generation exist, and whether offering rewards based on these preferences would successfully attract and retain staff.Motivation for study: South African businesses are competing for skilled staff and rely heavily on a total reward strategy to compensate all generations of employees. Given the financial incentives to retain and attract the most effective staff, it is essential that reward strategies meet their objectives. All factors impacting the efficacy of reward strategies should be considered, including the impact of generational differences in preference. This is of relevance not only to the financial industry, but to all companies that employ staff across a variety of generations.Research design, approach and method: A quantitative survey design was used. A total of 6316 employees from a financial firm completed a survey investigating their experiences and perceptions of reward strategies. Statistically significant differences across different generations and reward preferences were considered.Main findings: Significant differences in reward preferences were found across generational cohorts. This supports international literature

  2. Financial Education in TRIO Programs. Institutional Policy Brief

    Science.gov (United States)

    Yang, Hannah; Kezar, Adrianna

    2009-01-01

    To address some of the financial challenges facing low-income students, federal policymakers enacted a provision in the 2008 Higher Education Opportunity Act (HEOA) that makes financial literacy a required service of all TRIO programs (or, in the case of McNair, simply makes permissible). Effective August 2008, these programs started offering…

  3. Exploring Differences in College Student Financial Wellness by Institution Type

    Science.gov (United States)

    Shaulskiy, Stephanie; Duckett, Kirstan; Kennedy-Phillips, Lance; McDaniel, Anne

    2015-01-01

    The authors argue that there are multiple dimensions of financial wellness that student affairs practitioners must consider when understanding and helping students improve their financial wellness. Data were analyzed from more than 3,000 students attending 19 two- and four-year colleges in one midwestern state to uncover underlying factors of…

  4. Financial Stability and Interacting Networks of Financial Institutions and Market Infrastructures

    NARCIS (Netherlands)

    Léon, C.; Berndsen, R.J.; Renneboog, L.D.R.

    2014-01-01

    An interacting network coupling financial institutions’ multiplex (i.e. multi-layer) and financial market infrastructures’ single-layer networks gives an accurate picture of a financial system’s true connective architecture. We examine and compare the main properties of Colombian multiplex and inter

  5. Financial Stability and Interacting Networks of Financial Institutions and Market Infrastructures

    NARCIS (Netherlands)

    Léon, C.; Berndsen, R.J.; Renneboog, L.D.R.

    2014-01-01

    An interacting network coupling financial institutions’ multiplex (i.e. multi-layer) and financial market infrastructures’ single-layer networks gives an accurate picture of a financial system’s true connective architecture. We examine and compare the main properties of Colombian multiplex and

  6. Information Base of Financial Analysis of Educational Institutions of Higher Education

    Directory of Open Access Journals (Sweden)

    Alexander A. Galushkin

    2015-12-01

    Full Text Available In this article author analyzes issues related to the formation of information base analysis of the financial condition of educational institutions of higher education. Author notes that are significantly different principles of financial (accounting statements of non-governmental and government (budget of educational institutions of higher professional education. In conclusion, author notes that when analyzing the financial condition of the group of higher professional education institutions, they can be classified into subgroups, depending on the benefits of a species (subspecies of funding and revenue.

  7. 77 FR 27021 - Proposed Information Collection; Comment Request; Quarterly Survey of Financial Services...

    Science.gov (United States)

    2012-05-08

    ... Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons AGENCY: Bureau... INFORMATION: I. Abstract Form BE-185, Quarterly Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons, obtains quarterly data from U.S. financial...

  8. 31 CFR 370.11 - What must my financial institution do when it receives a payment?

    Science.gov (United States)

    2010-07-01

    ... when it receives a payment? 370.11 Section 370.11 Money and Finance: Treasury Regulations Relating to... What must my financial institution do when it receives a payment? An institution which receives a... institution is unable to make a credit entry to the designated account, it must return the payment...

  9. 31 CFR 103.120 - Anti-money laundering program requirements for financial institutions regulated by a Federal...

    Science.gov (United States)

    2010-07-01

    ... requirements for financial institutions regulated by a Federal functional regulator or a self-regulatory... financial institutions regulated by a Federal functional regulator or a self-regulatory organization, and... futures commission merchants. A financial institution regulated by a self-regulatory organization shall...

  10. 31 CFR 585.503 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 585.503 Section 585.503 Money and Finance: Treasury Regulations... Policy § 585.503 Payments and transfers to blocked accounts in U.S. financial institutions. (a) Any... account in a U.S. financial institution is authorized, provided that a transfer from a blocked...

  11. 31 CFR 538.503 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 538.503 Section 538.503 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer... control of a U.S. financial institution, must be blocked in an account on the books of that...

  12. 31 CFR 586.518 - Authorization of release of certain blocked transfers by U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... blocked transfers by U.S. financial institutions. 586.518 Section 586.518 Money and Finance: Treasury... transfers by U.S. financial institutions. (a) Subject to the limitation set forth in this paragraph, U.S. financial institutions are authorized to unblock and return to the remitting party funds blocked pursuant...

  13. 31 CFR 586.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 586.504 Section 586.504 Money and Finance: Treasury Regulations.... financial institutions. Any payment of funds or transfer of credit in which any person whose property and... or control of a U.S. financial institution, must be blocked in an account on the books of...

  14. 31 CFR 536.503 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 536.503 Section 536.503 Money and Finance: Treasury Regulations... § 536.503 Payments and transfers to blocked accounts in U.S. financial institutions. (a) Any payment of... a U.S. financial institution is authorized, provided that a transfer from a blocked account...

  15. 31 CFR 586.519 - Release of certain funds held at overseas branches of U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... overseas branches of U.S. financial institutions. 586.519 Section 586.519 Money and Finance: Treasury... of U.S. financial institutions. Specific licenses may be issued on a case-by-case basis to permit the overseas branches of U.S. financial institutions to unblock deposit accounts that were blocked pursuant...

  16. 31 CFR 551.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 551.504 Section 551.504 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer....201 has any interest that comes within the possession or control of a U.S. financial institution...

  17. 31 CFR 575.503 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 575.503 Section 575.503 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. (a) Any payment of funds or... States, to a blocked account in a U.S. financial institution located in the United States in the name...

  18. 31 CFR 370.22 - What requirements apply to a financial institution that debits a deposit account?

    Science.gov (United States)

    2010-07-01

    ... financial institution that debits a deposit account? 370.22 Section 370.22 Money and Finance: Treasury... Entries § 370.22 What requirements apply to a financial institution that debits a deposit account? A financial institution that debits a deposit account upon receiving a debit initiated by us agrees to the...

  19. 31 CFR 370.6 - What requirements apply to a financial institution that handles a credit entry?

    Science.gov (United States)

    2010-07-01

    ... financial institution that handles a credit entry? 370.6 Section 370.6 Money and Finance: Treasury... Entries § 370.6 What requirements apply to a financial institution that handles a credit entry? A financial institution that accepts and handles a credit entry initiated by us agrees to the provisions of...

  20. Public health financial management needs: report of a national survey.

    Science.gov (United States)

    Costich, Julia F; Honoré, Peggy A; Scutchfield, F Douglas

    2009-01-01

    The work reported here builds on the identification of public health financial management practice competencies by a national expert panel. The next logical step was to provide a validity check for the competencies and identify priority areas for educational programming. We developed a survey for local public health finance officers based on the public health finance competencies and field tested it with a convenience sample of officials. We asked respondents to indicate the importance of each competency area and the need for training to improve performance; we also requested information regarding respondent education, jurisdiction size, and additional comments. Our local agency survey sample drew on the respondent list from the National Association of County and City Health Officials 2005 local health department survey, stratified by agency size and limited to jurisdiction populations of 25,000 to 1,000,000. Identifying appropriate respondents was a major challenge. The survey was fielded electronically, yielding 112 responses from 30 states. The areas identified as most important and needing most additional training were knowledge of budget activities, financial data interpretation and communication, and ability to assess and correct the organization's financial status. The majority of respondents had some postbaccalaureate education. Many provided additional comments and recommendations. Health department finance officers demonstrated a high level of general agreement regarding the importance of finance competencies in public health and the need for training. The findings point to a critical need for additional training opportunities that are accessible, cost-effective, and targeted to individual needs.

  1. Establishing a Foreign-owned Financial Institution in China

    Institute of Scientific and Technical Information of China (English)

    CHRIS; DEVONSHIRE-ELLIS

    2008-01-01

    Setting up a foreign-owned bank in China requires strict adherence to the China Banking Regulatory Commission’s(CBRC) Measures for the Implementation of Administrative Licensing ItemsConcerning Foreign-Funded Financial

  2. The Accounting Network: how financial institutions react to systemic crisis

    CERN Document Server

    Flori, Andrea; Puliga, Michelangelo; Chessa, Alessandro; Pammolli, Fabio

    2016-01-01

    The role of Network Theory in the study of the financial crisis has been widely spotted in the latest years. It has been shown how the network topology and the dynamics running on top of it can trigger the outbreak of large systemic crisis. Following this methodological perspective we introduce here the Accounting Network, i.e. the network we can extract through vector similarities techniques from companies' financial statements. We build the Accounting Network on a large database of worldwide banks in the period 2001-2013, covering the onset of the global financial crisis of mid-2007. After a careful data cleaning, we apply a quality check in the construction of the network, introducing a parameter (the Quality Ratio) capable of trading off the size of the sample (coverage) and the representativeness of the financial statements (accuracy). We compute several basic network statistics and check, with the Louvain community detection algorithm, for emerging communities of banks. Remarkably enough sensible region...

  3. Prudence in public institutions management: the strategic financial ...

    African Journals Online (AJOL)

    Essentially, strategic financial efficiency advocacy in portfolio analysis and ... constructive optimization of risks with a view to attracting returns in relation to ... In project analysis settings, total quality cash flow control and operational/strategic ...

  4. 78 FR 24599 - Order Imposing Recordkeeping and Reporting Obligations on Certain U.S. Financial Institutions...

    Science.gov (United States)

    2013-04-25

    ... sanctions programs administered by the Office of Foreign Assets Control of the Department of the Treasury... programs and filters used to identify sanctioned entities. (2) Reporting. A financial institution subject...

  5. Nigeria : Financial Sector Review, Volume 2. Banking Institutions and Their Supervision

    OpenAIRE

    World Bank

    2000-01-01

    This report is a comprehensive review of the Nigerian financial system, covering the following areas: i) macro-financial environment; ii) safety and soundness of the banking system; iii) banking supervision; iv) development finance institutions; v) community banks and commercial banks' rural operations; vi) insurance and pensions; vii) housing finance; viii) money and capital markets; and ...

  6. Financial Aid in Hispanic-Serving Institutions: Aligning Resources with HSI Commitments

    Science.gov (United States)

    Venegas, Kristan M.

    2015-01-01

    The purpose of this chapter is to review the literature related to Hispanic-serving institutions and financial aid. Based on this review, a framework for guiding HSIs that considers the role of financial aid in meeting the needs of Latino/a students is suggested.

  7. The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China

    NARCIS (Netherlands)

    Cheng, X.; Degryse, H.A.

    2006-01-01

    This paper provides evidence on the relationship between finance and growth in a fast growing country, such as China.Employing data of 27 Chinese provinces over the period 1995-2003, we study whether the financial development of two different types of institutions - banks and non-bank financial

  8. Bank Runs and the Accounting for Illiquid Assets in Financial Institutions

    Science.gov (United States)

    Meder, Anthony; Schwartz, Steven T.; Wu, Mark; Young, Richard A.

    2014-01-01

    Financial services are an increasingly important sector in modern economies, yet many accounting and auditing texts focus on manufacturing and retailing. This teaching note describes the role of financial institutions in transforming long-term, difficult-to-sell assets into short-term bank accounts. This is referred to as liquidity transformation.…

  9. The Impact of Bank and Non-Bank Financial Institutions on Local Economic Growth in China

    NARCIS (Netherlands)

    Cheng, X.; Degryse, H.A.

    2006-01-01

    This paper provides evidence on the relationship between finance and growth in a fast growing country, such as China.Employing data of 27 Chinese provinces over the period 1995-2003, we study whether the financial development of two different types of institutions - banks and non-bank financial inst

  10. 77 FR 16319 - Proposed Renewal; Comment Request; Anti-Money Laundering Programs for Various Financial Institutions

    Science.gov (United States)

    2012-03-20

    ... Financial Crimes Enforcement Network Proposed Renewal; Comment Request; Anti-Money Laundering Programs for... develop and implement written anti-money laundering programs reasonably designed to prevent those financial institutions from being used to facilitate money laundering and the financing of terrorist...

  11. Financial Aid in Hispanic-Serving Institutions: Aligning Resources with HSI Commitments

    Science.gov (United States)

    Venegas, Kristan M.

    2015-01-01

    The purpose of this chapter is to review the literature related to Hispanic-serving institutions and financial aid. Based on this review, a framework for guiding HSIs that considers the role of financial aid in meeting the needs of Latino/a students is suggested.

  12. Bank Runs and the Accounting for Illiquid Assets in Financial Institutions

    Science.gov (United States)

    Meder, Anthony; Schwartz, Steven T.; Wu, Mark; Young, Richard A.

    2014-01-01

    Financial services are an increasingly important sector in modern economies, yet many accounting and auditing texts focus on manufacturing and retailing. This teaching note describes the role of financial institutions in transforming long-term, difficult-to-sell assets into short-term bank accounts. This is referred to as liquidity transformation.…

  13. The Accounting Network: How Financial Institutions React to Systemic Crisis.

    Science.gov (United States)

    Puliga, Michelangelo; Flori, Andrea; Pappalardo, Giuseppe; Chessa, Alessandro; Pammolli, Fabio

    2016-01-01

    The role of Network Theory in the study of the financial crisis has been widely spotted in the latest years. It has been shown how the network topology and the dynamics running on top of it can trigger the outbreak of large systemic crisis. Following this methodological perspective we introduce here the Accounting Network, i.e. the network we can extract through vector similarities techniques from companies' financial statements. We build the Accounting Network on a large database of worldwide banks in the period 2001-2013, covering the onset of the global financial crisis of mid-2007. After a careful data cleaning, we apply a quality check in the construction of the network, introducing a parameter (the Quality Ratio) capable of trading off the size of the sample (coverage) and the representativeness of the financial statements (accuracy). We compute several basic network statistics and check, with the Louvain community detection algorithm, for emerging communities of banks. Remarkably enough sensible regional aggregations show up with the Japanese and the US clusters dominating the community structure, although the presence of a geographically mixed community points to a gradual convergence of banks into similar supranational practices. Finally, a Principal Component Analysis procedure reveals the main economic components that influence communities' heterogeneity. Even using the most basic vector similarity hypotheses on the composition of the financial statements, the signature of the financial crisis clearly arises across the years around 2008. We finally discuss how the Accounting Networks can be improved to reflect the best practices in the financial statement analysis.

  14. The Accounting Network: How Financial Institutions React to Systemic Crisis

    Science.gov (United States)

    Puliga, Michelangelo; Flori, Andrea; Pappalardo, Giuseppe; Chessa, Alessandro; Pammolli, Fabio

    2016-01-01

    The role of Network Theory in the study of the financial crisis has been widely spotted in the latest years. It has been shown how the network topology and the dynamics running on top of it can trigger the outbreak of large systemic crisis. Following this methodological perspective we introduce here the Accounting Network, i.e. the network we can extract through vector similarities techniques from companies’ financial statements. We build the Accounting Network on a large database of worldwide banks in the period 2001–2013, covering the onset of the global financial crisis of mid-2007. After a careful data cleaning, we apply a quality check in the construction of the network, introducing a parameter (the Quality Ratio) capable of trading off the size of the sample (coverage) and the representativeness of the financial statements (accuracy). We compute several basic network statistics and check, with the Louvain community detection algorithm, for emerging communities of banks. Remarkably enough sensible regional aggregations show up with the Japanese and the US clusters dominating the community structure, although the presence of a geographically mixed community points to a gradual convergence of banks into similar supranational practices. Finally, a Principal Component Analysis procedure reveals the main economic components that influence communities’ heterogeneity. Even using the most basic vector similarity hypotheses on the composition of the financial statements, the signature of the financial crisis clearly arises across the years around 2008. We finally discuss how the Accounting Networks can be improved to reflect the best practices in the financial statement analysis. PMID:27736865

  15. A Survey on Infertility in Royan Institute

    Directory of Open Access Journals (Sweden)

    Mohammad Kamali

    2007-01-01

    Full Text Available Background: Infertility is defined as failure in pregnancy after one year of unprotected intercourse.Several centers have reported different causes of infertility. The most common causes of infertility are:male factor such as sperm disturbance, female factor such as ovulation dysfunction and tubal factor,both male and female factor, and unexplained infertility .The aim of this study was to survey theepidemiology of infertility in Royan institute.Material and Methods: In this descriptive retrospective study, 2492 infertile couples were studied.These couples were selected by systematic sampling among couples referred to Royan institutebetween 1995 and 2001.All existing demographic data and diagnostic methods were recorded inquestionnaires .Results were analyzed using SPSS version 11.5.Results: In this study, the frequency of primary and secondary infertility was 90.1% and 9.9%,respectively. Among 2492 couples, 50.5% had male factor, 28.6% had female factor, 11.6% had bothmale and female factors and in 9.3% of couples, the cause of infertility was unknown .Results showedthat 32.3% of men had normal spermogram, 23.6% of couples had azoospermia, and 40.3% had spermdisturbance including oligospermia, asthenospermia, oligoasthenospermia and teratospermia .3.8%were not able to collect sample for semen analysis. Among women, different infertility factors included:ovarian factor (20.36%, tubal factor (12.64%, uterine factor (4.13%, endometriosis (1.28% andrecurrent abortion (0.68%. 50.48% of women were normal.Conclusion: Although male factor was the most common cause of infertility in Royan institute, we cannot conclude that this factor is the most common cause of infertility in Iran since this center isconsidered referral especially for male infertility. We suggest performance of similar researches inother centers to evaluate the most common causes of infertility in Iran.

  16. Strengthening the EU Legal and Institutional Framework to Combat Transnational Financial Crimes

    DEFF Research Database (Denmark)

    Marchuk, Iryna

    The report examines the development of adequate legal tools and practices to combat transnational financial crimes such as money laundering, terrorism financing, corruption, transnational financial fraud, and investigates measures directed at strengthening the overall legal and institutional fram...... framework in the area of transnational financial crimes at the regional (EU) and domestic levels. The research project involves the legal analysis of the legislation, jurisprudence and best practices of two selected jurisdictions, in particular the United Kingdom and Denmark.......The report examines the development of adequate legal tools and practices to combat transnational financial crimes such as money laundering, terrorism financing, corruption, transnational financial fraud, and investigates measures directed at strengthening the overall legal and institutional...

  17. The Critical Aspect on Fair Value Accounting And Its Implication To Islamic Financial Institutions.

    Directory of Open Access Journals (Sweden)

    Jamaluddin Majid

    2015-03-01

    Full Text Available The Critical Aspect on Fair Value Accounting And Its Implication To Islamic Financial Institutions. Fair value accounting (FVA paradigm replaced the historical cost accounting (HCA in the development of accounting standards that FVA is more relevant that HCA probably did not provide the real financial and income information. This paper tries to explore critical aspects of the fair value accounting and its implications to Islamic Financial Institutions implications. This study concludes that that fair value accounting measurement provides many critical aspects to be implemented to Islamic Financial Institutions (IFIs. AAOIFI proposed cash equivalent value as respond to fair value measurement that cash equivalent value when the attribute condition are present such as the relevance, reliability and understandability of the resulting information  DOI:10.15408/aiq.v6i2.1236

  18. On the Satus Quo of Development of Xinjiang Financial Guarantee Industry--based on a Survey of the Financial Guarantee Institutions in Urumqi%新疆融资担保行业发展现状的思考--基于乌鲁木齐市融资担保机构的调查

    Institute of Scientific and Technical Information of China (English)

    青攀; 徐彬彬

    2015-01-01

    The authors analyze the present development situation of Xinjiang’s credit and guarantee industry in recent years and the results shows that the number of institutions has increased steadily, business scale grew rapidly, guarantee services has continuously enriched, management mode has continuously innovated and level of risking control improved steadily. The benefits of Xinjiang’s credit and guarantee industry development are remarkable. the problem of financing for SMEs has been alleviated effectively to support the development of Xinjiang’s economic strongly.Then the authors point out that the current guarantee institutions are facing many problems such as the complex business environment ,imperfect credit system, lack of compensation mechanism of fund, low profitable ability, difficulty in cooperating with financial institutions, insufficient supervision,and put forward countermeasures of consummating the credit and information system of SMEs, improving the internal-risk reserve system and external-risk compensation system ,establishing a"sharing risk, sharing benefit"cooperation relations between banks and guarantee institutions and strengthening the industrial supervision.%新疆融资担保行业发展势头良好,融资担保机构数量稳步增加,业务规模迅猛增长,担保品种不断丰富,管理模式创新,风控水平节节提升,社会效益显著,有效缓解了中小企业融资难问题,强有力地支持了新疆经济社会发展。分析了目前融资担保机构面临经营环境不容乐观、信用体系不健全、缺乏资金补偿机制、盈利能力低、与金融机构合作困难、监管不足等问题,并提出了完善中小企业信用信息系统、健全内部风险准备金制度和外部风险补偿制度、建立“风险共担、利益共享”的银担合作关系、加强行业监管等对策建议。

  19. 78 FR 54465 - Appraisal Subcommittee of the Federal Financial Institutions Examination Council; Notice of Meeting

    Science.gov (United States)

    2013-09-04

    ... State Grant Policy FY14 Appraisal Foundation and State Grant Recommendation FY14 ASC Budget April 2013 Appraisal Foundation Grant Reimbursement Report on the Maine Real Estate Appraisal Program How To Attend and... INSTITUTIONS EXAMINATION COUNCIL Appraisal Subcommittee of the Federal Financial Institutions...

  20. Accountability and Transparency in the Financial Management of Nigerian Tertiary Educational Institutions: An Overview

    Science.gov (United States)

    Adebisi, Ademola

    2013-01-01

    It is a widely acknowledged fact that public tertiary educational institutions in Nigeria are not adequately funded. This has contributed to the slide in the giving and receiving standards of education in the country. However, as paltry as the financial receipts of the institutions are, it has been argued that, if the funds are transparently…

  1. Accountability and Transparency in the Financial Management of Nigerian Tertiary Educational Institutions: An Overview

    Science.gov (United States)

    Adebisi, Ademola

    2013-01-01

    It is a widely acknowledged fact that public tertiary educational institutions in Nigeria are not adequately funded. This has contributed to the slide in the giving and receiving standards of education in the country. However, as paltry as the financial receipts of the institutions are, it has been argued that, if the funds are transparently…

  2. Employee turnover in a financial institution / van Zyl M.

    OpenAIRE

    Van Zyl, Marie-Antoinette

    2011-01-01

    With recognition of turnover as a financial issue increasing, companies are searching for strategies to confront the problem in ways that generate a good return on investment. Successfully managing turnover is a matter of understanding its costs, causes and cures. In service–oriented industries such as banking, people are considered among the most important assets of a firm. Forward–thinking banks are looking for ways to leverage people, along with processes and technology, to achieve their o...

  3. A closer look at accounting for Islamic financial institutions

    Directory of Open Access Journals (Sweden)

    Ismail Nurazleena

    2017-01-01

    Full Text Available This paper provides a discussion of a study that examines accounting in Islamic perspectives. The discussion includes an overview of the development of Islamic finance, accounting in Islamic perspectives, and four key accounting assumptions, namely ‘substance over form’, ‘time value of money’, ‘fair value’ measurement and ‘recognition based on probability’, which serve as important guides to preparers of financial information.

  4. 31 CFR 543.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 543.504 Section 543.504 Money and Finance: Treasury Regulations....504 Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or....201(a) has any interest that comes within the possession or control of a U.S. financial...

  5. 31 CFR 542.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 542.504 Section 542.504 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer...(a) has any interest, that comes within the possession or control of a U.S. financial...

  6. 31 CFR 548.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 548.504 Section 548.504 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer....201(a) has any interest that comes within the possession or control of a U.S. financial...

  7. 31 CFR 537.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 537.504 Section 537.504 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer...(a) has any interest, that comes within the possession or control of a U.S. financial...

  8. 31 CFR 546.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 546.504 Section 546.504 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer....201(a) has any interest that comes within the possession or control of a U.S. financial...

  9. 31 CFR 541.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    ... accounts in U.S. financial institutions. 541.504 Section 541.504 Money and Finance: Treasury Regulations... Payments and transfers to blocked accounts in U.S. financial institutions. Any payment of funds or transfer...(a) has any interest, that comes within the possession or control of a U.S. financial...

  10. 31 CFR 370.5 - How can I appoint a financial institution to receive payments on my behalf?

    Science.gov (United States)

    2010-07-01

    ... Entries § 370.5 How can I appoint a financial institution to receive payments on my behalf? You must name a financial institution to receive payments through credit entries using the ACH method. You also... 31 Money and Finance: Treasury 2 2010-07-01 2010-07-01 false How can I appoint a financial...

  11. Does Nature of Financial Institutions Matter to Firm Growth in Transition Economies?

    Directory of Open Access Journals (Sweden)

    Abubakr SAEED

    2009-05-01

    Full Text Available Drawing on firm-level data set on transition economies, this paper investigates the relationship between financial institutions and firm growth. The paper focuses in perspective of growth, how the impact of various sources of external finance varies across firm size. Primarily, it is shown a differential impact of institutions on firm growth, precisely, in terms of employment and sale, growth augments by equity market, local banks, foreign banks, state-owned banks, trade credit and leasing, while informal lending abates growth. In particular, the results suggest that local banks and trade credit improve sale growth of small and medium firms, while these financial institutions are insignificant for large firms. By contrast, state owned banks and informal institutions constrain employment growth of small firms. It is confirmed that irrespective of firm size lease financing exerts statistically significant positive impact on firm growth. Moreover, financial system differences across the regions play vital role in firm growth-finance relationship.

  12. 31 CFR 598.319 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., granting, transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange... depository institutions, banks, savings banks, trust companies, securities brokers and dealers, commodity... commodities exchanges, clearing corporations, investment companies, employee benefit plans, and U.S....

  13. 15 CFR 801.11 - Rules and regulations for the BE-80, Benchmark Survey of Financial Services Transactions Between...

    Science.gov (United States)

    2010-01-01

    ... and commodity exchanges; other financial investment activities (including miscellaneous intermediation, portfolio management, investment advice, and all other financial investment activities); insurance carriers..., Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and...

  14. Legal financial institutions in the Water Law Act

    Directory of Open Access Journals (Sweden)

    Andrzej Borodo

    2015-12-01

    Full Text Available Some fees and payments are connected with obligatory participation in the cost of public projects and public investment. In the framework of the Water Law Act there are diverse public payments and fees. In this law there is the drainage fee and the investment fee. There are also contributions and other payments to the water companies. In the regulations of the Water Law Act there are also legal financial solutions for sharing the public costs, the use of budget subsidies, fixing and allocation of public expenditure.

  15. THE INSTITUTIONAL INVESTORS’ BEHAVIOUR UNDER THE IMPACT OF THE GLOBAL FINANCIAL CRISIS

    Directory of Open Access Journals (Sweden)

    PIRTEA MARILEN

    2013-02-01

    Full Text Available On the subject of financial globalization a lot of literature has been written, annalyzing all sorts of effects ithad. Still, the changes induced by globalization at the level of the financial markets are not always clear. The veritableflooding of capitals, constantly moving, created a continuous game of investment opportunities, of arbitrationpossibilities and funding sources, made institutional investors adopt various attitudes, the role of institutional investorsin the activation of capital markets being sustained by the financial globalization and the extension of multinationalfinancial groups, on one side, and by the increased performance of the share and bond markets, on the other side.By the present paper, we propose to underline the behaviour of the main institutional investors (mutual funds,pension funds and hedge funds under the impact of the current global financial crisis, the modifications whichintervened in asset assignment and investment relocation, showing that the instability generated in the global financialsystem had immediate effects on all the portfolios of institutional investors, regardless of their classificationcategory.Under conditions of capital flow increase, adjusted by the global financial crisis, the presented analysis andempirical proofs show a tendency of institutional investors’ asset reallocation on developed markets and thewithdrawal from the emergent ones.

  16. Job insecurity, burnout and organisational commitment among employees of a financial institution in Gauteng

    Directory of Open Access Journals (Sweden)

    J Bosman

    2005-10-01

    Full Text Available The objective of this study was to investigate the relationship between job insecurity, burnout and organisational commitment of human resource workers (N = 146 in a financial institution. A cross-sectional survey design was used. The Job Insecurity Questionnaire, Maslach Burnout Inventory-General Survey, Organisational Commitment Questionnaire and a biographical questionnaire were administered. Job insecurity demonstrated a relationship with increased levels of burnout and decreased levels of organisational commitment. Job insecurity was found to hold predictive value with regard to exhaustion, cynicism, and reduced professional efficacy, as well as reduced affective and normative commitment (while controlling for the influence of background variables. Opsomming Die doelstelling van hierdie navorsing was om die verhouding tussen werksonsekerheid, uitbranding en organisasie verbondenheid van menslike hulpbronwerknemers (N = 146 in ’n finansiële instelling te ondersoek. ’n Dwarsneeopname-ontwerp is gebruik. Die Werksonsekerheidvraelys, Maslach Uitbrandingvraelys, Organisasieverbondenheidvraelys en ’n biografiese vraelys is afgeneem. Werksonsekerheid het ’n verband met verhoogde vlakke van uitbranding en verlaagde vlakke van organisasie verbondenheid getoon. Daar is bevind dat werksonsekerheid voorspellingswaarde inhou vir uitputting, sinisme en verminderde professionele doeltreffendheid, sowel as verminderde affektiewe en normatiewe organisasieverbondenheid (terwyl daar gekontroleer is vir die invloed van demografiese verskille.

  17. 78 FR 5166 - BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services...

    Science.gov (United States)

    2013-01-24

    ... Bureau of Economic Analysis XRIN 0691-XC009 BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons AGENCY: Bureau of Economic Analysis... Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory...

  18. 31 CFR 546.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities... but not limited to, depository institutions, banks, savings banks, trust companies, securities brokers... benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the...

  19. 31 CFR 544.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... accepting deposits, making, granting, transferring, holding, or brokering loans or credits, or purchasing or... thereof, as principal or agent; including but not limited to depository institutions, banks, savings banks... corporations, investment companies, employee benefit plans, and U.S. holding companies, U.S. affiliates, or...

  20. 31 CFR 548.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities... includes but is not limited to depository institutions, banks, savings banks, trust companies, securities..., employee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of...

  1. 31 CFR 575.320 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities..., but not limited to, depository institutions, banks, savings banks, trust companies, securities brokers... benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the...

  2. 31 CFR 585.318 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., granting, transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange...; including, but not limited to, depository institutions, banks, savings banks, trust companies, securities..., employee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of...

  3. 31 CFR 545.314 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., making, granting, transferring, holding, or brokering loans or credits, or purchasing or selling foreign... principal or agent; including but not limited to, depository institutions, banks, savings banks, trust..., investment companies, employee benefit plans, and U.S. holding companies, U.S. affiliates, or...

  4. 31 CFR 551.310 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities... includes but is not limited to depository institutions, banks, savings banks, trust companies, securities..., employee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of...

  5. 31 CFR 543.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities... but not limited to depository institutions, banks, savings banks, trust companies, securities brokers... benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the...

  6. 31 CFR 594.314 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities... but not limited to, depository institutions, banks, savings banks, trust companies, securities brokers... benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the...

  7. 31 CFR 588.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., making, granting, transferring, holding, or brokering loans or credits, or purchasing or selling foreign... principal or agent; including but not limited to, depository institutions, banks, savings banks, trust..., investment companies, employee benefit plans, and U.S. holding companies, U.S. affiliates, or...

  8. 31 CFR 547.311 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ... deposits, making, granting, transferring, holding, or brokering loans or credits, or purchasing or selling..., as principal or agent; including but not limited to depository institutions, banks, savings banks... corporations, investment companies, employee benefit plans, and U.S. holding companies, U.S. affiliates, or...

  9. 31 CFR 595.316 - U.S. financial institution.

    Science.gov (United States)

    2010-07-01

    ..., transferring, holding, or brokering loans or credits, or purchasing or selling foreign exchange, securities..., but not limited to, depository institutions, banks, savings banks, trust companies, securities brokers... benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the...

  10. Tuition Discounting: The Impact of Institutionally Funded Financial Aid.

    Science.gov (United States)

    Hubbell, Loren Loomis

    This report presents a model and an approach that institutions of higher education can use to analyze and project the impact of endogenous and exogenous factors on both net and gross tuition in the context of the increasing practice of tuition discounting. It is noted that two key questions drive this effort: (1) what influence does gross tuition…

  11. ROLE OF FINANCIAL INSTITUTIONS IN THE PUBLIC-PRIVATE PARTNERSHIPS DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Ion POTLOG

    2015-12-01

    Full Text Available Public-Private Partnership represents institutional and organizational alliance of the state and business, consisting of financial actors interaction, legal, social and policy oriented joint public and private resources from different sources into a single complex to solve strategic socio-economic problems of country. The aim of the research is to demonstrate the importance of financial institutions in publicprivate partnership projects implementation. Research methodology – in order to achieve the expected results, author applied recognized methods and techniques applied as economic investigations: comparative method, statistical method, logical analysis method. The research results, expressed by knowledge through mentioned field can be applied to improve the process of attracting local and international financial institutions to ensure success in public-private partnerships projects in Republic of Moldova.

  12. THE IMPORTANCE OF THE SCENARIOS METHODOLOGY FOR FINANCIAL INSTITUTIONS DURING TIMES OF CRISIS

    Directory of Open Access Journals (Sweden)

    Paulo Roberto Correa Leão

    2010-11-01

    Full Text Available Recently, the need to apply strategic planning methodologies in business has risen, since corporations are part of a globalized world in which technological change and economic dynamism are evolving at a faster pace. Thus, firms must perform not only efficiently but also effectively in adapting to changes as they occur in the political, economic, technological, legal and environmental dimensions. This dictates the need for new strategic organizational positioning. The potential usefulness of the scenarios methodology was investigated for a sample of financial institutions with assets in the Brazilian market, based on management reports and in accordance with strategic dimensions needed to cope with crises. Therefore, we propose a new methodology for the qualitative analysis of official management reports, which indicates a perception of scenario building within organizations. The results suggest a positive relationship between the quality of the process of generating scenarios and the financial results of the banking institution. Key-words: Scenarios. Financial institutions. Crisis. 

  13. NEED OF FINANCIAL INSTITUTIONS SUPERVISION THROUGH AN SINGLE FRAMEWORK OF MACRO-PRUDENTIAL SUPERVISION

    Directory of Open Access Journals (Sweden)

    MEDAR LUCIAN-ION

    2013-12-01

    Full Text Available Joint Committee of the European Supervisory Authorities required Member States to implement new macro-prudential indicators.through national authorities of prudential supervision will be perform activities concerning the supplementary supervision of credit institutions, insurance companies or reinsurance companies, investment services firms and investment management firms, from a financial conglomerate. The most popular ways that give stability to the financial system are related to normal functioning of markets, to ensure implementation of payments in the economy and especially achieving a quality financial intermediation. Activities concerning macroprudential supervision concern, first of all, of managerial strengthening of internal control, assessment and management of risks

  14. EFFECTIVE CRISIS MANAGEMENT FOR ISLAMIC FINANCIAL INDUSTRY AND THE INSTITUTION OF HISBAH: LESSONS FROM GLOBAL FINANCIAL CRISIS

    Directory of Open Access Journals (Sweden)

    Najeeb Zada

    2016-06-01

    Full Text Available The recent financial crisis resulted destructive effects on finance industry. Islamic financial industry (IFI is still naïve and largely untested in the face of a major financial turmoil. Major issues and uncertainties of the insolvency of IFI include the issue of moral hazard, government bailouts, excessive risk taking and deposit insurance. This paper addresses the issue of crisis management in IFI from the perspective of al-Siyasah al-Shar’iyyah and attempts to derive public policy guidelines that are useful in developing a timely and efficient crises management framework for Islamic finance industry. By using qualitative methods, the study found that the global financial crisis resulted in great destruction of financial institution. Although Islamic finance was quite immune to the global crisis as compared to its conventional peer, concerns still exist. It is time that Islamic finance industry learns from the financial woes of the rest of the world. =========================================== Krisis keuangan baru-baru ini mengakibatkan efek destruktif pada industri keuangan. Industri keuangan Islam (IKI masih naif dan sebagian besar belum teruji dalam menghadapi gejolak keuangan besar. Isu utama dan ketidakpastian dari kebangkrutan IKI meliputi moral hazard, dana talangan pemerintah, pengambilan risiko yang berlebihan dan asuransi deposito. Makalah ini membahas isu manajemen krisis dalam IKI dari perspektif al-Siyasah al-Shar'iyyah dan berusaha mendapatkan pedoman kebijakan publik yang bermanfaat dalam mengembangkan kerangka kerja manajemen krisis yang tepat waktu dan efisien bagi IKI. Dengan menggunakan metode kualitatif, studi ini menemukan bahwa krisis keuangan global mengakibatkan kehancuran besar bagi industri keuangan. Meskipun keuangan Islam cukup kebal terhadap krisis global dibandingkan dengan keuangan konvensional, kekhawatiran masih ada. Sudah saatnya industri keuangan Islam belajar dari krisis keuangan dari seluruh dunia.

  15. Community health centers and community development financial institutions: joining forces to address determinants of health.

    Science.gov (United States)

    Kotelchuck, Ronda; Lowenstein, Daniel; Tobin, Jonathan N

    2011-11-01

    Community health centers and community development financial institutions share similar origins and missions and are increasingly working together to meet community needs. Addressing the social and economic determinants of health is a common focus. The availability of new federal grants and tax credits has led these financial institutions to invest in the creation and expansion of community health centers. This article reviews the most recent trends in these two sectors and explores opportunities for further collaboration to transform the health and well-being of the nation's low-income communities.

  16. Contribution of Fundamentalist Financial Analysis to Credit Concession: A Case Study in a Financial Institution in Brazil

    Directory of Open Access Journals (Sweden)

    Lucíola Aor Vasconcelos

    2014-04-01

    Full Text Available This paper has the purpose examine the ability to predict when the application of fundamental financial analysis for the granting of personal loans in relation to the default prediction of Brazilian companies listed on the BM&FBovespa through a case study of a financial institution. Our sample consists of firms listed on the Brazilian stock exchange that were included in the credit portfolio of a financial institution in the period 2008-2012. Based on a discriminant analysis, five accounting indicators were selected for having the highest predictive capacity concerning default events: Net Working Capital, Asset Turnover, Debt Ratio, Bovespa’s index participation and the Retained Earnings’ Index. Afterwards, macroeconomic variables GDP and Base Interest Rate, as well as accounting indicators weighted by industry sector and estimated by means of vector autoregressive models were included to a logit model. Statistical tests have shown that the estimation by means of autoregressive models is relevant only when accounting variables are used but not when the macroeconomic variables are included. The results indicate that although the macroeconomic variables have not shown to be individually relevant in the estimation of default events in the proposed model, the model with both accounting variables and macroeconomic variables has proved to be more robust, with a success rate of 97.3% for the latter against 95.3% for the former.

  17. [THE RESULTS OF CLINICAL AND PSYCHOPATHOLOGICAL AND PSYCHOLOGICAL DIAGNOSTIC INVESTIGATIONS EMPLOYEES OF FINANCIAL INSTITUTIONS WHICH WERE IDENTIFIED NEUROTIC DISORDERS].

    Science.gov (United States)

    Solovyova, M

    2014-12-01

    The article presents the results of the clinical and psychopathological and psychological diagnostic, investigations mental health employees of financial institutions, description and analysis of clinical forms identified disorders.

  18. Some Challenges the Management Confronts with, in the Financial Institutions

    Directory of Open Access Journals (Sweden)

    Laurentiu Mihai Treapat

    2014-02-01

    Full Text Available In this paper, we analyze some features and components of the management in general, and of the management in the financial area in particular. Special attention is given to how they cope with some risk which could affect their activity. Trying to find from practice what kind of difficulties the management faces in their work, for sure, we get to interesting conclusions and furthermore, to optimum solutions. We already have some data, result of some earlier preoccupations of the specialists (Dănilă and Berea, 2000 pp.39-48 while others can be foreseen as specific elements for the beginning of the 3rd millennium, that started with what the rating agencies seem to admit as the most important economic decline and prolonged recession risk within the post World War II history. We consider an evaluation of the challenges the management confronts with, lately - while subject to pressures and to the need for radical changes that come with an astonishing speed and that are enhanced by the shareholders’ desperate need to protect their capital. Findings reveal that, in any business enterprise the shareholders’ strategy and the management’s objectives are earning new clients, enlarging the market share, creating added value and on these bases, maximizing the gained profits. We consider that the volatile and fluctuant nature of the raw material the banks operate with - namely the money – turn the management in this area into a particular one, depicted by some specific features, which we analyze in the following pages.

  19. The region-of-origin effect on the preferences of financial institution's customers: Analysis of the influence of ethnocentrism

    Directory of Open Access Journals (Sweden)

    José Manuel García-Gallego

    2016-07-01

    Full Text Available The financial crisis that started in the USA in 2007 has obliged many small financial entities in southern Europe to undertake mergers in order to comply with the stability and solvency policies established by the European Central Bank. In Spain, this situation has led to a profound restructuring of the financial system, obliging many of these institutions to decide whether or not to maintain their regional brand identity after such a merger. The purpose of this study was twofold: on the one hand, to analyze the importance customers attach to the origin of their usual financial institution and the relative utility they give to the three levels of brand origin presented: regional, national and foreign, and, on the other, to assess whether consumers’ level of ethnocentrism modifies their preference structure and, if so, to identify the profile of the individuals composing each segment. The technique of Conjoint Analysis was applied to a survey of 427 customers. The results showed the bank's to be the attribute with the greater importance in forming customers’ preferences than other characteristics of the institution such as the treatment by employees, the location of offices, the electronic banking services, and the number of social activities the entity carries out in the region. In addition, the respondents prefer regional brand origin over national and foreign. Both the importance and the utility attached to the regional brand origin increase with higher levels of consumer ethnocentrism. The findings of this study will serve to these entities as a guide for their decision-making regarding brand management.

  20. Financial Management and Job Social Skills Training Components in a Summer Business Institute

    Science.gov (United States)

    Donohue, Brad; Conway, Debbie; Beisecker, Monica; Murphy, Heather; Farley, Alisha; Waite, Melissa; Gugino, Kristin; Knatz, Danielle; Lopez-Frank, Carolina; Burns, Jack; Madison, Suzanne; Shorty, Carrie

    2005-01-01

    Ninety-two adolescents, predominantly ethnic minority high school students, participated in a structured Summer Business Institute (SBI). Participating youth were randomly assigned to receive either job social skills or financial management skills training components. Students who additionally received the job social skills training component were…

  1. Relationship between Overall Debt, Taxation and the Basel Index in Major Financial Institutions in Brazil

    Directory of Open Access Journals (Sweden)

    Paulo César de Melo Mendes

    2016-04-01

    Full Text Available Research regarding the capital structure of banks points to the regulatory minimum capital requirement established by the Basel agreements as its main determinant. For other kinds of enterprise, capital structure is pointed to by several theories as a tax planning alternative, since the use of debt allows tax savings. Given the debt characteristics of banks, which prevent the deduction of interest in the calculation of income taxes and thus prevent tax savings through debt, the use of capital structure for tax planning by financial institutions is less evident. In view of this, in addition to contributing to research on the determinants of the capital structure of banks, this study has the objective of examining the relationship between overall debt, taxation and the BIS ratio of financial institutions located in Brazil. The initial sample consisted of the 50 largest banks, identified by the criterion of net income in 2012; but due to lack of availability of information and adjustments made to assure the efficacy of the study, the final sample was made up of 34 financial institutions. The baseline for analysis was the mean values of data from 2010 to 2012 and data were analyzed using correlation analysis and multiple linear regression. No relationship was found between taxation and banks' overall indebtedness. However, influence of the regulatory minimum capital requirement on the capital structure of financial institutions was observed.

  2. 20 CFR 416.1247 - Exclusion of a dedicated account in a financial institution.

    Science.gov (United States)

    2010-04-01

    ... 20 Employees' Benefits 2 2010-04-01 2010-04-01 false Exclusion of a dedicated account in a financial institution. 416.1247 Section 416.1247 Employees' Benefits SOCIAL SECURITY ADMINISTRATION SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND DISABLED Resources and Exclusions § 416.1247 Exclusion...

  3. Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies

    Energy Technology Data Exchange (ETDEWEB)

    Tamazian, Artur [School of Economics and Business Administration, University of Santiago de Compostela (Spain); Bhaskara Rao, B. [School of Economics and Finance, University of Western Sydney, Sydney (Australia)

    2010-01-15

    Several studies have examined the relationship between environmental degradation and economic growth. However, most of them did not take into account financial developments and institutional quality. Moreover, Stern [Stern, D., 2004. The rise and fall of the environmental Kuznets curve. World Development 32(8): 1419-1439.] noted that there are important econometric weaknesses in the earlier studies, such as endogeneity, heteroscedasticity, omitted variables, etc. The purpose of this paper is to fill this gap in the literature by investigating the linkage between not only economic development and environmental quality but also financial development and institutional quality. We employ the standard reduced-form modelling approach to control for country-specific unobserved heterogeneity and GMM estimation to control for endogeneity. Our study considers 24 transition economies and panel data for 1993-2004. Our results support the EKC hypothesis while confirming the importance of both institutional quality and financial development for environmental performance. We also found that financial liberalization may be harmful for environmental quality if it is not accomplished in a strong institutional framework. (author)

  4. THE STEERING TOOL OF FINANCIAL INSTITUTIONS: CREDIT VAR (VALUE AT RISK

    Directory of Open Access Journals (Sweden)

    BĂRBULESCU MARINELA

    2015-04-01

    Full Text Available In order to determine the economic capital, in terms of internal management or of application of regulations, financial institutions need to model the probability of future losses on a loan portfolio. This is generally made applying the Credit VaR method. Thus, unexpected losses can be assessed.

  5. Institutions and financial frictions: estimating with structural restrictions on firm value and investment

    NARCIS (Netherlands)

    Claessens, S.; Ueda, K.; Yafeh, Y.

    2014-01-01

    Using an enhanced version of the standard investment model, we estimate how institutions affect financial frictions at the firm (micro) level and, through the required rate of return, at the country (macro) level. Based on some 78,000 firm-year observations from 40 countries over the period

  6. Survey of Indiana Correctional Institution Libraries.

    Science.gov (United States)

    Indiana State Library, Indianapolis.

    This study of the adequacy of library facilities in Indiana's penal institutions was undertaken at the request of a state senate committee studying the Indiana Department of Correction. The penal libraries are judged to be inadequate and their major problems with personnel, materials, services, and physical facilities are listed. Also given are…

  7. INTERNAL GOVERNANCE AND ROLE OF INTERNAL AUDIT IN FINANCIAL INSTITUTIONS. CASE STUDY: RISK BASED PLANNING

    Directory of Open Access Journals (Sweden)

    Andrei Florin

    2015-07-01

    Full Text Available The global financial crisis from 2008 was considered a trigger to reshape the financial systems and to enhance the risk management practices. Considering the developments and new guidelines that are now used it can be observed a “positive” effect of the crisis, in particular to strengthen the risk management culture and governance in all aspects. Comparing to 2008 year, the improvements that have been made to the risk management systems can be easily observed in the financial institutions. For the scope of the article, the subject of this review will be focused on the internal audit function. The main aspect is to capture the new practices that are now used in order to contribute to a performing internal governance system. A case study will be presented in order to better understand how the internal audit function is designed and acting as a “line” of defence in the internal governance system. Also, it is in the scope of the article to issue some recommendations for future developments of the audit function in order to better manage its mission and the objectives. A risk based model used in the planning activities is presented. The financial institutions improved significantly their internal governance system. The internal audit function is now better integrated in the internal structures and clear lines of communication were settled. As the conclusion of the article is illustrating, the internal governance was frequently not sufficiently developed causing a failure in the risk management systems from the systemically financial institutions. The content of the article has practical applicability, as the results and the recommendations could be used in the design of an audit function within a financial institution.

  8. 78 FR 24584 - Imposition of Special Measures Against Halawi Exchange Co. as a Financial Institution of Primary...

    Science.gov (United States)

    2013-04-25

    ..., the Director of FinCEN found that Halawi Exchange is a financial institution operating outside the... on the date in the prior fiscal year as of which its audited financial statements, were prepared... Financial Crimes Enforcement Network 31 CFR Part 1010 RIN 1506-AB21 Imposition of Special Measures...

  9. Does Federal Financial Aid Policy Influence the Institutional Aid Policies of Four-Year Colleges and Universities? An Exploratory Analysis

    Science.gov (United States)

    Hossler, Don; Kwon, Jihye

    2015-01-01

    There is a dearth of empirical work that examines the relationships between federal financial aid policy and institutional financial aid priorities and expenditures. This study uses Resource Dependency Theory to explore whether changes the amount of financial aid awarded by colleges and universities during the last fifty years are best explained…

  10. 12 CFR 617.7605 - How should System institutions document whether the borrower had the financial resources to avoid...

    Science.gov (United States)

    2010-01-01

    ... How should System institutions document whether the borrower had the financial resources to avoid... 12 Banks and Banking 6 2010-01-01 2010-01-01 false How should System institutions document whether the borrower had the financial resources to avoid foreclosure? 617.7605 Section 617.7605 Banks...

  11. 31 CFR 544.504 - Payments and transfers to blocked accounts in U.S. financial institutions.

    Science.gov (United States)

    2010-07-01

    .... financial institution must be blocked in an account on the books of that financial institution. A transfer... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Payments and transfers to blocked... WEAPONS OF MASS DESTRUCTION PROLIFERATORS SANCTIONS REGULATIONS Licenses, Authorizations and Statements...

  12. 29 CFR 2550.408b-4 - Statutory exemption for investments in deposits of banks or similar financial institutions.

    Science.gov (United States)

    2010-07-01

    ....408b-4 Statutory exemption for investments in deposits of banks or similar financial institutions. (a... financial institution may make investments in deposits which bear a reasonable rate of interest in itself... 29 Labor 9 2010-07-01 2010-07-01 false Statutory exemption for investments in deposits of banks or...

  13. International financial institutions and health in Egypt and Tunisia: change or continuity?

    Science.gov (United States)

    Ismail, Sharif

    2013-01-01

    The revolutions in Egypt and Tunisia appeared to herald a re-casting of International Monetary Fund and World Bank policy across the region. Public pronouncements by the heads of both institutions in the months following February 2011 acknowledged flaws in their approach to macroeconomic advice, against a background of worsening socioeconomic indicators, widespread youth unemployment, and widening health inequalities. Evidence on the ground, however, suggests continuity rather than change in international financial institution policies in Egypt and Tunisia, notwithstanding the emergence of a powerful new player-the European Bank for Reconstruction and Development. In the long term, new electoral realities and hardening public opposition in both countries seem likely to force a fundamentally different relationship between regional governments and the major international financial institutions than existed before 2011.

  14. Individual and institutional determinants of caesarean section in referral hospitals in Senegal and Mali: a cross-sectional epidemiological survey

    OpenAIRE

    2012-01-01

    Abstract Background Two years after implementing the free-CS policy, we assessed the non-financial factors associated with caesarean section (CS) in women managed by referral hospitals in Senegal and Mali. Methods We conducted a cross-sectional survey nested in a cluster trial (QUARITE trial) in 41 referral hospitals in Senegal and Mali (10/01/2007–10/01/2008). Data were collected regarding women’s characteristics and on available institutional resources. Individual and institutional factors ...

  15. Personal Financial Planning for Retirement: A Study with Specialization Courses' Students of a Higher Education Institution

    Directory of Open Access Journals (Sweden)

    Jônatas Dietrich

    2016-08-01

    Full Text Available This article presents the results of a research aimed to identify whether students of specialization of a higher education institution of Rio Grande do Sul held a personal financial planning for retirement. Yet, through this study it was sought to determine how these students do their financial planning for retirement, and those who do not realize it why they do not. To develop this study, the method used had quantitative and descriptive approach, the results were obtained through a research conducted in the first half of 2015 with 166 students in 11 courses of specialization of a higher education institution. As a result, it was found that less than half of respondents hold a financial planning for retirement, the majority uses the private pension as a major investment for such planning and that those who do not realize allege the lack of resources to save and invest or, yet, they consider themselves too young to start this planning, but it was found that the vast majority of participants do not realize that financial planning for retirement plan to do it. Still, it was contacted that the level of knowledge of personal finance and items related to social security is greatest among participants who hold a personal financial planning for retirement.

  16. Learning Financial Accounting in a Tertiary Institution of a Developing Country. An Investigation into Instructional Methods

    Science.gov (United States)

    Abeysekera, Indra

    2011-01-01

    This study examines three instructional methods (traditional, interactive, and group case-based study), and student opinions on their preference for learning financial accounting in large classes at a metropolitan university in Sri Lanka. It analyses the results of a survey questionnaire of students, using quantitative techniques to determine the…

  17. Policies and institutions for moderating deep recessions, debt crises and financial instabilities

    Directory of Open Access Journals (Sweden)

    O’Hara Phillip Anthony

    2013-01-01

    Full Text Available This paper outlines a long-term policy and institutional framework for reducing the intensity of recessions, debt crises and financial instabilities, especially for the Core nations and areas that bore the brunt of the anomalies during 2008-2013. We argue that institutional changes need to be systemic, amounting to the construction of a new social structure of accumulation (SSA or mode of regulation (MOR, which we call an SSA of embedded communitarian liberalism. Five institutional spheres are introduced which are in need of systemic change, due to the entrenched contradictions and problems which the current set of institutions generate. These involve firstly institutions within the world-system of finance and production; secondly relating to finance versus industry; thirdly capital versus labor; fourthly state systems of production; and fifthly the interlinking of state, community and ecology.

  18. THE ROLE AND PLACE OF NON – BANKING INSTITUTIONS IN ORDER TO ENSURE AND MANTAIN FINANCIAL STABILITY

    Directory of Open Access Journals (Sweden)

    CHIRTOC IRINA ELENA

    2013-08-01

    Full Text Available Any organization or individual financing needs at a time. Non-banking financial Institutions (NFIs represent an alternative financing for businesses and population when they can not obtain the cash they need from a credit institution.The non-banking financial Institutions operate in accordance with to the law 93/2009 and they have the obligation to be established as limited company, except for those that are included in the Registry records open by National Bank of Romania.

  19. Development of Capital Markets in Turkey and Analysis of Financial Structure of the Intermediary Institutions

    Directory of Open Access Journals (Sweden)

    Fikret Kartal

    2013-08-01

    Full Text Available Capital markets, where demand and supply for medium to long term finance meet, are more active and efficient in higher income countries. Capital markets are insufficiently developed in emerging countries such as Turkey that have the structural and institutional obstacles and lack of capital. The first market with securities was established in 19th century in the Ottoman Empire; the Turkish capital markets have gone through the reform programmes as a part of liberalization started in 1980; but the banking sector constitutes the biggest part of the financial sector. The paper presents the development of capital markets in Turkey and analyzes the intermediary institutions by using the financial statements and ratios for the period December 2007-December 2011.

  20. Employee Perceptions on Recognition and Opportunity for Advancement: The Case of a Financial Institution in Ghana

    Directory of Open Access Journals (Sweden)

    Veronica Adu-Brobbey

    2014-05-01

    Full Text Available Recognition and opportunity for advancement are facets of motivation that affect employee satisfaction at the workplace. For management to adequately attend to these, there is the need to know how the employees themselves feel about such issues. This study was conducted to assess the perceptions of employees of a financial institution in Ghana regarding recognition and opportunity for advancement. Survey with questionnaire and interview were used to collect data from 61 employees. Descriptive statistics and chi-square at 0.05 level of significance were used to analyze the data. The findings indicated that majority of the respondents (55.7% appeared satisfied with recognition accorded them at the workplace. There was no significant difference among respondents categorized according to gender regarding recognition. However, senior staff appeared to feel more recognized by management than junior staff. Regarding adequacy of opportunity for advancement, majority of the respondents (77.0% found it to be inadequate. Employees would like to have in-service training, study leave with pay and re-imbursement of subscriptions and examination fees for membership of professional bodies. The study also showed no difference of opinion among respondents categorized according to gender. When categorized according to status, senior staff appeared to be more satisfied with opportunity for advancement than junior staff. It is recommended that management should strive to maintain the existing conditions that make both male and female employees feel equally treated, while trying to bridge the gap between senior and junior staff regarding recognition and opportunity for advancement.

  1. ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MATURITY: THE CASE OF A SMALL FINANCIAL INSTITUTION

    OpenAIRE

    Karoline Doro Alves Carneiro; Cristina Dai Prá Martens

    2012-01-01

    This study explores the implementation of project portfolio management in the organizational context. The objective is to analyze the methodology of project portfolio management adopted by an organization based in the project portfolio management maturity model proposed by Rad and Levin (2006). We developed an exploratory case study in a small financial institution that experienced problems with the implementation of its methodology in project portfolio management. As a result of study, we fo...

  2. THE CONVERGENCE OF ROMANIA WITH THE EUROZONE IN TERMS OF FINANCIAL INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    2015-07-01

    Full Text Available This study examines the integration of Romanian monetary system into European one and the transmission of liquidity shocks from eurozone to Romanian monetary market. Since Romania become a member of European Union, most of the Romanian banks are mainly provided by financial institutions placed in Europe. With the accession of Romania to the European Union, has started a process of integration of the national banking system into the eurozone banking system and thus, domestic financial institutions has began to be increasingly more subject to liquidity conditions and external contagion liquidity risk in the eurozone. In some periods, between EU accession and until the beginning of 2014, Romania has managed to reduce the volatility of the daily rates of monetary policy, compared with the eurozone, where, in the same periods, were recorded high volatility of monetary policy interest rates. Partial decoupling of the two money markets can be explained by economic stabilization policies adopted by Romania by improving the liquidity of the financial institutions and national measures taken by monetary policy makers in Romania. The main conclusion of this study is that the domestic banking sector is only partially integrated in the European banking sector in terms of money market liquidity and liquidity risk, and creating a stable framework for liquidity in Romania requires a mix of fiscal and monetary policies conducive to the development of financial instruments in long-term. However, the analysis shows that the sensitivity of liquidity in the Romanian banks to adverse developments on the European money market has increased and the ability of the internal factors to predict the liquidity conditions in national banking institutions is still high. Considering these aspects, we can say that, when we analyze liquidity risk in the Romanian banking system, we must take into consideration the influence of the external factors.

  3. China's One Belt One Road Strategy: The New Financial Institutions and India's Options.

    OpenAIRE

    Chhibber, Ajay

    2015-01-01

    The revival of ancient Silk Road strategy into the One Belt One Road (OBOR) Strategy or the new Silk Road project signals China's ambitious approach to global issues and challenges. Its outward-oriented strategy attempts to encourage new trade and connectivity throughout Asia with road and maritime links to Africa, the Middle East and on towards Europe. The new financial institutions linked to the OBOR strategy - the US $100 billion Asian Infrastructure Investment Bank (AIIB) and the US $40 b...

  4. Cautious Resilience: The Impact of the Global Financial Crisis on Latin American and Caribbean Microfinance Institutions

    OpenAIRE

    Sebastian von Stauffenberg; Damian von Stauffenberg; Stephen Brown; María Beles Effio

    2009-01-01

    Funded by MIF, CAF and Calmeadow, this MicroRate report provides a snapshot of how the impact of the global financial crisis evolved during the last quarter of 2008. The study combines data and interviews from 52 microfinance institutions (MFIs) and 23 microfinance investment vehicles (MIVs). The report concludes that microfinance will be more affected by this economic cycle than in the past because MFIs are today more tightly integrated into the global economy. The report also includes a syn...

  5. Corporate Social Responsibility and Islamic Financial Institutions (IFIs): Management Perceptions from IFIs in Bahrain

    OpenAIRE

    Aribi, Zakaria; Arun, Thankom Gopinath

    2014-01-01

    Islamic finance is gaining greater attention in the finance industry, and this paper analyses how Islamic financial institutions (IFIs) are responding to the welfare needs of society. Using interview data with managers and content analysis of the disclosures, this study attempts to understand management perceptions of corporate social\\ud responsibility (CSR) in IFIs. A thorough understanding of CSR by managers, as evident in the interviews, has not been translated fully into practice. The par...

  6. Institutional, Financial, Legal, and Cultural Factors in a Distance Learning Program.

    Science.gov (United States)

    Blakeman, Rachel; Haseley, Dennis

    2015-06-01

    As psychoanalytic institutes evolve, adapting to the contemporary financial and social environment, the integration of new technologies into psychoanalytic education presents opportunities for expansion to candidates residing beyond the usual geographic boundaries. While the teaching of analytic content through distance learning programs appears to be relatively straightforward, factors including legalities, traditional mind-sets, and cross-cultural issues need to be considered as complicating the situation, as illustrated by one U.S. institute's distance learning initiative with a group in South Korea. © 2015 by the American Psychoanalytic Association.

  7. A survey of financial planning models for health care organizations.

    Science.gov (United States)

    Coleman, J R; Kaminsky, F C; McGee, F

    1978-01-01

    This paper describes "what if?" financial planning models developed for health care administrators and financial managers to study and evaluate the economic impact of changes in a health care organization's charge structure, operating policies, reimbursement plans, and services and resources. Models for inpatient and outpatient care systems are presented. The models are described in terms of input, output, and application. An assessment of the state of the art of financial planning and prospects for the future of what if?models are given.

  8. Legal and institutional implications of providing financial incentives to encourage the development of solar technologies

    Energy Technology Data Exchange (ETDEWEB)

    Hyatt, R. J.

    1979-07-01

    The legal basis to provide financial incentives is found in the enumerated powers of the Constitution for the exercise of federal authority, the police and tax powers for the exercise of state authority, and state delegated powers for the exercise of local authority. These powers are limited by the federal and state constitutions, and the scope of delegated authority. The major types of financial incentives are tax incentives, including income tax deductions and credits, accelerated depreciation allowances, tax-exempt bonds, and reduction in property and sales taxes; loan incentives, including low interest loans, government guaranteed and insured loans, and elimination of statutory and secondary market constraints; and government transfer incentives, including grants in aid from all levels of government. Other incentives that will indirectly affect the financing and availability of solar energy technologies include eliminating or reducing financial incentives benefiting competitive energy sources, government action to insure the operation of solar energy equipment, government-sponsored education, research, and development programs, government demonstration and procurement programs, and placing priority on rapid passage of solar energy legislation dealing with financial incentives. In most cases, a financial incentives program constituting one or more of these incentives will probably not confront any major, unique, legal or institutional impediments. The minor impediments that do exist can usually be eliminated by preventive legislation.

  9. A Critical Survey on the Contagion Effects of Financial Crisis

    Directory of Open Access Journals (Sweden)

    Chi-Young Song

    2000-09-01

    Full Text Available This paper critically reviews theoretical and empirical studies on financial contagion. The East Asian crisis in 1997 as well as the Mexican crisis in 1994 saw the serious spillover of financial turbulences among different countries, and consequently this has encouraged theoretical and empirical investigation of financial contagion effects. However, rigorous evaluation and assessment of existing studies are yet to be made. In this paper, we introduce and critically evaluate previous studies on the definitions and phenomena, and causes of financial contagion effects. We also discuss effective policy measures to contain them, and topics for future studies.

  10. Environmental Survey preliminary report, Solar Energy Research Institute, Golden, Colorado

    Energy Technology Data Exchange (ETDEWEB)

    1988-10-01

    This report presents the preliminary findings of the first phase of the Environmental Survey of the US Department of Energy's (DOE) Solar Energy Research Institute (SERI), conducted December 14 through 18, 1987. The Survey is being conducted by an interdisciplinary team of environmental specialists, led and managed by the Office of Environment, Safety and Health's Office of Environmental Audit. The team includes outside experts supplied by private contractors. The objective of the Survey is to identify environmental problems and areas of environmental risk associated with SERI. The Survey covers all environmental media and all areas of environmental regulation. It is being performed in accordance with the DOE Environmental Survey Manual. The on-site phase of the Survey involves the review of existing site environmental data, observations of the operations carried on at SERI, and interviews with site personnel. 33 refs., 22 figs., 21 tabs.

  11. Promoting institutional and organisational development in surveying and land administration

    DEFF Research Database (Denmark)

    Enemark, Stig; Greenway, Iain

    2006-01-01

    A key component of capacity building is ensuring that a country’s organisations are sufficiently robust to develop, enable and ensure the effective operation of surveying and land administration activities. The relevant organisations include the professional surveying associations (the FIG member...... associations), the private surveying companies, as well as the government agencies such as the mapping organisations and the organisations with land registration and land administration responsibilities. This paper provides a conceptual understanding covering the area of institutional and organisational...... and organisations attempting to develop the necessary capabilities and capacity. This would include: assessing needs, producing guidance material; facilitating direct support mechanisms; running workshops; and advising the FIG Council on necessary actions....

  12. Strategic Role of Financial Institutions in Sustainable Development of Indian Power Sector

    Energy Technology Data Exchange (ETDEWEB)

    Garg, V.K.

    2007-07-01

    Paper focuses on appraisal of Indian power sector, its achievements and inadequacies, measures and initiatives taken by Government of India (GOI) and blueprint for the development of power sector in next five years i.e. XI Plan (2007-2012); the role played by various Financial Institutions, Banks, Bilateral/Multilateral agencies etc. with focus on role of Power Finance Corporation (PFC) in development and financing of Indian Power sector and in Institutional development of State power utilities by facilitating in their reform and restructuring process and improving their financial health; role played by PFC in implementation of various policies and programmes of GOI; its competitive edge in Indian financial sector and growth strategies for enriching the stakeholders' value and acting as a significant partner in the development of power sector and growth of the nation. The paper provides information on capacity addition planned along with matching transmission and distribution system in the next five years to achieve GOI's 'Mission 2012: Power for All'; estimated funds required; funds that can be generated both in the form of Debt and Equity; the funding gap; proposed measures to meet overall funding requirement for sustainable development of the power sector. (auth)

  13. An Evaluation of Financial Institutions: Impact on Consumption and Investment Using Panel Data and the Theory of Risk-Bearing.

    Science.gov (United States)

    Alem, Mauro; Townsend, Robert M

    2014-11-01

    The theory of the optimal allocation of risk and the Townsend Thai panel data on financial transactions are used to assess the impact of the major formal and informal financial institutions of an emerging market economy. We link financial institution assessment to the actual impact on clients, rather than ratios and non-performing loans. We derive both consumption and investment equations from a common core theory with both risk and productive activities. The empirical specification follows closely from this theory and allows both OLS and IV estimation. We thus quantify the consumption and investment smoothing impact of financial institutions on households including those running farms and small businesses. A government development bank (BAAC) is shown to be particularly helpful in smoothing consumption and investment, in no small part through credit, consistent with its own operating system, which embeds an implicit insurance operation. Commercial banks are smoothing investment, largely through formal savings accounts. Other institutions seem ineffective by these metrics.

  14. An Evaluation of Financial Institutions: Impact on Consumption and Investment Using Panel Data and the Theory of Risk-Bearing*

    Science.gov (United States)

    Alem, Mauro; Townsend, Robert M.

    2013-01-01

    The theory of the optimal allocation of risk and the Townsend Thai panel data on financial transactions are used to assess the impact of the major formal and informal financial institutions of an emerging market economy. We link financial institution assessment to the actual impact on clients, rather than ratios and non-performing loans. We derive both consumption and investment equations from a common core theory with both risk and productive activities. The empirical specification follows closely from this theory and allows both OLS and IV estimation. We thus quantify the consumption and investment smoothing impact of financial institutions on households including those running farms and small businesses. A government development bank (BAAC) is shown to be particularly helpful in smoothing consumption and investment, in no small part through credit, consistent with its own operating system, which embeds an implicit insurance operation. Commercial banks are smoothing investment, largely through formal savings accounts. Other institutions seem ineffective by these metrics. PMID:25400319

  15. Assessing Borrower's and Business' Factors Causing Microcredit Default in Kenya: A Comparative Analysis of Microfinance Institutions and Financial Intermediaries

    Science.gov (United States)

    Muthoni, Muturi Phyllis

    2016-01-01

    A major concern on microcredit repayment remains a major obstacle to the Micro Financial Institutions (MFIs) and Financial Intermediaries (FIs) in Kenya. The health of MFI sector in Sub Sahara Africa (SSA) is a cause of concern due to the increased portfolio at risk (PAR). This region records the highest risk globally. Its PAR 30 is greater than 5…

  16. The analysis of the influence of the intellectual capital on the results of the commercial activity of financial institutions

    Science.gov (United States)

    Shkolik, Oleg; Chirkova, Larisa; Chirkova, Polina

    2016-08-01

    Developing (underdeveloped) countries are territories of slow economic growth (catch-up growth). Perspectives of their economic growth largely depend on developing and introducing financial and technological innovations in the sphere of the financial markets. The level and quality of those innovations should enable provision of faster growth of the financial sector of the national economy by rising stability and effectiveness of the financial institutions. Powerful and stable financial sector is the basic element for attracting investments and upsurge of liquidity in the economic system of a developing country that aims to have developed economy. Intellectual capital is the most important of the fundamental factors of production in the financial sphere. It is a catalytic element of the process of the economic development. From this position, the researchers' collective develops and presents a mathematical model which characterizes the connection between the intellectual capital and financial results of the commercial activity of financial institutions. The model is applied in the analysis of the activity of financial institutions that are part of the EEU.

  17. Promoting institutional and organisational development in surveying and land administration

    DEFF Research Database (Denmark)

    Enemark, Stig; Greenway, Iain

    2006-01-01

    A key component of capacity building is ensuring that a country’s organisations are sufficiently robust to develop, enable and ensure the effective operation of surveying and land administration activities. The relevant organisations include the professional surveying associations (the FIG member...... associations), the private surveying companies, as well as the government agencies such as the mapping organisations and the organisations with land registration and land administration responsibilities. This paper provides a conceptual understanding covering the area of institutional and organisational...... and actions); How do we stay there (sustainability). The paper proposes the establishment of an FIG Task Force that brings together expertise to support countries in this area of institutional and organisational development. The Task Force would create support mechanisms and material for countries...

  18. 78 FR 3403 - Agency Information Collection Activities: Financial Education Content Needs Survey

    Science.gov (United States)

    2013-01-16

    ... From the Federal Register Online via the Government Publishing Office COMMODITY FUTURES TRADING COMMISSION Agency Information Collection Activities: Financial Education Content Needs Survey AGENCY: Commodity Futures Trading Commission. ACTION: Notice. SUMMARY: In compliance with the Paperwork...

  19. 75 FR 10704 - International Services Surveys: BE-180, Benchmark Survey of Financial Services Transactions...

    Science.gov (United States)

    2010-03-09

    ..., and commodity contracts brokerage); securities and commodity exchanges; other financial investment... financial investment activities); insurance carriers; insurance agencies, brokerages, and other insurance..., trusts, estates, and agency accounts, real estate investment trusts, and other financial vehicles); and...

  20. The European System of Financial Control/Audit Institutions - Integration of the Romanian Court of Accounts

    Directory of Open Access Journals (Sweden)

    Elena - Carmen BRAGADIREANU

    2011-06-01

    Full Text Available The article is a point of view on the integration of the Romanian Court of Accounts in the European system of financial control/audit institutions, a process characterized by a reform of the whole Romanian society, both from the economic and financial point of view and from the social one. After some four years and a half covered since the accession moment of our country, though significant progresses were not obvious yet, it is because the way to structures modernization and harmonization, even those of people mentalities takes time and it supposes involvement of all those who have a word to say or who can influence and contribute this transformation issue.

  1. Cooperative Takaful for Non-Banking Financial Institutions: Islamization of SOCSO in the case of Malaysia

    Directory of Open Access Journals (Sweden)

    Azman Mohd Noor

    2017-01-01

    Full Text Available By the introduction of Takaful as an alternative for conventional insurance in the early 1980s and with more than 30 year experience in Islamic Banking and Finance, it is time for Malaysia to make a move in completing its Islamic financial ecosystem by islamizing non-Banking Financial Institutions. This paper aims to investigate a potential approach to apply the concept of cooperative Takaful in transforming the Social Security Organization (SOCSO into a Shariah-compliant institution using the concept of cooperative Takaful by emphasizing the similarity between current practices of SOCSO and cooperative Takaful. This paper highlights the difference between normal Takaful and cooperative Takaful. This paper proposes that the cooperative Takaful i.e. Musharakah Ta’awuniyyah model to aid the integration and transformation of SOCSO into a Shariah compliant institution. The contribution of this paper is twofold: First, this paper contributes to the existing literature on application of Musharakah Ta’awuniyyah as another alternative for the Takaful model. Second, it provides the possibility for SOCSO to convert its operation to Shariah compliant concept.

  2. ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MATURITY: THE CASE OF A SMALL FINANCIAL INSTITUTION

    Directory of Open Access Journals (Sweden)

    Karoline Doro Alves Carneiro

    2012-04-01

    Full Text Available This study explores the implementation of project portfolio management in the organizational context. The objective is to analyze the methodology of project portfolio management adopted by an organization based in the project portfolio management maturity model proposed by Rad and Levin (2006. We developed an exploratory case study in a small financial institution that experienced problems with the implementation of its methodology in project portfolio management. As a result of study, we found that the organization has maturity level 2 in portfolio project management, and that some methodology aspects are not appropriate at this level.

  3. Institutional Design of Enforcement in the EU: The Case of Financial Markets

    Directory of Open Access Journals (Sweden)

    Miroslava Scholten

    2014-12-01

    Full Text Available Enforcement of EU law has become increasingly ‘Europeanized’. But how is and can it be organized in the integrated legal order of the EU to promote effective enforcement? In light of the recent institutional and substantive changes in the area of EU financial markets regulation, this article identifies four models (S, M, L, and XL models of enforcement of EU law. It discusses the possibilities and challenges to effective enforcement of each of such models and the major trade-offs which policy-makers face at the EU and national levels when designing enforcement frameworks, namely centralization vs. decentralization (an institutional perspective and harmonization vs. differentiation (substantive and procedural perspectives. It argues that at least a minimum degree of institutional centralization is necessary to promote the uniform enforcement and implementation of EU policies in a Union with 28 legal systems. The more specific details, such as specific institutional shape of centralized bodies (should it be a network, an agency or an EU institution? and of the distribution of functions between the national and EU level are better addressed on a case-by-case basis in light of the political, economic, and social characteristics of the sector at stake.

  4. Institutional Design of Enforcement in the EU: The Case of Financial Markets

    Directory of Open Access Journals (Sweden)

    Miroslava Scholten

    2014-12-01

    Full Text Available Enforcement of EU law has become increasingly ‘Europeanized’. But how is and can it be organized in the integrated legal order of the EU to promote effective enforcement? In light of the recent institutional and substantive changes in the area of EU financial markets regulation, this article identifies four models (S, M, L, and XL models of enforcement of EU law. It discusses the possibilities and challenges to effective enforcement of each of such models and the major trade-offs which policy-makers face at the EU and national levels when designing enforcement frameworks, namely centralization vs. decentralization (an institutional perspective and harmonization vs. differentiation (substantive and procedural perspectives. It argues that at least a minimum degree of institutional centralization is necessary to promote the uniform enforcement and implementation of EU policies in a Union with 28 legal systems. The more specific details, such as specific institutional shape of centralized bodies (should it be a network, an agency or an EU institution? and of the distribution of functions between the national and EU level are better addressed on a case-by-case basis in light of the political, economic, and social characteristics of the sector at stake.

  5. Institutional Implications of the Money and Financial Operation in China: An Interpretation of Domestic Literature%Institutional Implications of the Money and Financial Operation in China: An Interpretation of Domestic Literature

    Institute of Scientific and Technical Information of China (English)

    ZHANG Jie

    2011-01-01

    Since the advent of the economic reform in China, much domestic academic attention has been paid to the institutional implications of the financial operation. Over the decades, the relative literature, with no exception, involves analyses of three aspects: 1. heterogeneity of the financial operation in China relative to its classical performance in the west; 2. a tentative justification of the heterogeneity from an institutional perspective; 3. theoretical implications. In this paper, the author aims to review the theoretical achievements in the field with focuses on: the endogenous money mechanism and the intrafamily competition; changes in the national debt structure since introduction of the reform and financial reasons for the low debt ratio; process of the special endogenous monetization and the institutional expression for money demand function; institutional gaming involved in interest rates and high rates differential in the banking system; hypothesis of the weak independence of the central bank system.

  6. Financial development and poverty reduction in developing countries: New evidence from banks and microfinance institutions

    Directory of Open Access Journals (Sweden)

    Ficawoyi Donou-Adonsou

    2016-06-01

    Full Text Available The literature on financial development and growth has received a lot of attention over the past two decades. Unlike growth, not much of consideration has been given to poverty reduction. Moreover, most of the past studies focus on bank and stock market development. The advent of microfinance institutions (MFIs lets to think about the potential role MFIs can play in a countrywide economy. In this study, we consider to what extent banks and MFIs reduce poverty. We apply the instrumental variables approach, namely the fixed-effects two-stage least squares, to a panel of 71 developing countries over the period 2002–2011. Using credit to GDP as the main financial development indicator, the results indicate that banks reduce poverty when poverty is measured by the headcount ratio and poverty gap. As for the squared poverty gap, there is no significant effect of banks. On the other hand, MFIs do not appear to have any impact on poverty regardless of the measure of poverty employed. These results imply that while banks have some ability to reduce poverty, MFIs do not, at least at the aggregate level. Our results are robust to the use of assets to GDP as an alternative measure of financial development.

  7. Survey of emergency medicine resident debt status and financial planning preparedness.

    Science.gov (United States)

    Glaspy, Jeffrey N; Ma, O John; Steele, Mark T; Hall, Jacqueline

    2005-01-01

    Most resident physicians accrue significant financial debt throughout their medical and graduate medical education. The objective of this study was to analyze emergency medicine resident debt status, financial planning actions, and educational experiences for financial planning and debt management. A 22-item questionnaire was sent to all 123 Accreditation Council on Graduate Medical Education-accredited emergency medicine residency programs in July 2001. Two follow-up mailings were made to increase the response rate. The survey addressed four areas of resident debt and financial planning: 1) accrued debt, 2) moonlighting activity, 3) financial planning/debt management education, and 4) financial planning actions. Descriptive statistics were used to analyze the data. Survey responses were obtained from 67.4% (1,707/2,532) of emergency medicine residents in 89 of 123 (72.4%) residency programs. Nearly one half (768/1,707) of respondents have accrued more than 100,000 dollars of debt. Fifty-eight percent (990/1,707) of all residents reported that moonlighting would be necessary to meet their financial needs, and more than 33% (640/1,707) presently moonlight to supplement their income. Nearly one half (832/1,707) of residents actively invested money, of which online trading was the most common method (23.3%). Most residents reported that they received no debt management education during residency (82.1%) or medical school (63.7%). Furthermore, 79.1% (1,351/1,707) of residents reported that they received no financial planning lectures during residency, although 84.2% (1,438/1,707) reported that debt management and financial planning education should be available during residency. Most emergency medicine residency programs do not provide their residents with financial planning education. Most residents have accrued significant debt and believe that more financial planning and debt management education is needed during residency.

  8. Financing the Civic Energy Sector:How financial institutions affect ownership models in Germany and the United Kingdom

    OpenAIRE

    Hall, Stephen; Foxon, Timothy J.; Bolton, Ronan

    2016-01-01

    This paper examines the relations between financinginstitutions and more local ownership structures for energy provision.This research defines municipal and civil society structures involved inenergy provision as the 'Civic Energy Sector'. It argues that thefinancial institutions of nations are key enabling institutions for thissector to contribute to a low carbon energy transition. The path ofdevelopment of these financial institutions helps to shape the ownershipstructures and technology ch...

  9. 金融机构处置基金制度研究%Institutional Research on the Resolution Fund of Financial Institutions

    Institute of Scientific and Technical Information of China (English)

    沈梦雅

    2016-01-01

    金融机构处置基金是为处置问题金融机构提供融资支持的公共实体.基金的设立是实现政府与金融机构之间法律责任平衡、金融机构权利与义务统一的必要选择,是完善金融安全网、弥补现行处置融资机制不足的要求.基金以安全、快速、公平、透明为基本原则,以向金融机构征收金融稳定贡献税为主要的融资方式.作为非救助基金,基金的管理和使用由处置当局负责.目前我国已建立了存款保险基金、投资者保护基金等制度,但其侧重点和功能与金融机构处置基金仍有所不同.构建金融机构处置基金是我国建立有效的金融机构处置机制、完善金融安全网的必要选择.%Resolution fund of financial institutions is a public entity that provides financial support for the resolu-tion of the defective financial institutions. The resolution fund is a necessary choice for the legal liability balance be-tween the government and financial institutions, unification of the rights and obligations for financial institutions as well as the improvement of the financial safety net and current resolution financing mechanism. The resolution fund is based on the principles of safety, efficiency, fairness and transparency, and the main financing arrangement for the fund is by taxing the financial institutions with the financial stability contribution. As a non-bail-out fund,it is managed by the specific resolution authority and confined to resolution purposes. Resolution funds of bank, security and insur-ance industries as well as the financial market infrastructures in China are still absent. The establishment of such funds is necessary for the establishment of effective resolution regimes and the improvement of financial safety net of China .

  10. A Survey Data Quality Strategy: The Institutional Research Perspective. IR Applications, Volume 34

    Science.gov (United States)

    Liu, Qin

    2012-01-01

    This discussion constructs a survey data quality strategy for institutional researchers in higher education in light of total survey error theory. It starts with describing the characteristics of institutional research and identifying the gaps in literature regarding survey data quality issues in institutional research and then introduces the…

  11. Capacity Building for Institutional Development in Surveying and Land Management

    DEFF Research Database (Denmark)

    Enemark, Stig

    2006-01-01

    as the basic tools for achieving a sustainable approach. However, in many countries, and especially in developing countries and countries in transition, the national capacity to manage land rights, restrictions and responsibilities is not well developed in terms of mature institutions and the necessary human...... for developing the basic capacity in terms of educational programs and professional organizations; and 3) Global development through cooperation with other international NGO´s such as the UN agencies, the World Bank and sister organizations in surveying. FIG, this way, plays a strong role, in improving...

  12. Sustainable water supply systems in India: The role of financial institutions and ethical perspective

    Directory of Open Access Journals (Sweden)

    Gowda Krishne

    2011-01-01

    Full Text Available Water is a scarce resource and an important basic necessity for the human survival. The quantity of potable water on earth is limited and its availability per person is reducing day by day due to increase in global population and damage to environment. Though water available in nature is free, sizeable investment is needed in order to supply water to the people at their doorsteps with required quality. This paper deals with the role of financial institutions in the balanced distribution of water for the public, the related problems with various regulatory instruments, and ethical perspectives for efficient utilization of this scarce resource through internal control aimed at long term sustainability.

  13. Democratic transitions, health institutions, and financial protection in the emerging economies: insights from Asia.

    Science.gov (United States)

    Gómez, Eduardo J

    2016-11-14

    In recent years, several emerging economies have introduced national health insurance programs ensuring access to health care while offering financial protection from out-of-pocket and catastrophic expenses. Nevertheless, in several nations these expenses continue to increase. While recent research has emphasized the lack of funding, poor policy design and corruption as the main culprits, little is known about the politics of establishing federal regulatory agencies ensuring that state governments adhere to national insurance reimbursement and coverage procedures. This article fills in this lacuna by providing an alternative perspective, one that accounts for differences between nations in the creation of regulatory institutions, with an emphasis instead on governing elite strategies to campaign on access to health care during transitions to democracy, civil societal mobilization, constitutional constraints and the national electoral incentives to overcome ineffective decentralization processes. The cases of Indonesia and China are introduced as examples of how and why their differences in this political process accounted for Indonesia's success and China's failure to ensure financial protection.

  14. Leadership of Modern Financial Institutions and the Changing Paradigm of Banking in Nigeria

    Directory of Open Access Journals (Sweden)

    Ikpefan OA

    2015-12-01

    Full Text Available It is an established fact that there exist leadership crisis at levels of organizational management. And organizational leadership crisis have occupied the front pages of various tabloids all over the world. Leadership crisis has engulfed various SMEs, conglomerates, governments, and financial institutions all over the world. The resultant effects of these have given rise to the present crisis, chaos and rots that are being witnessed in all nooks and crannies of the globe. This paper addressed issues relating leadership and the changing paradigm in the Nigerian financial landscape. The aim among others was to analyze the leadership theories especially the most appropriate circumstances for their application to current banking systems. The characteristics of and expectations from a good leaders; due mainly to the changing paradigm in banking e.g., optimizing the use of funds and building up management information system for decision making and better management of assets and liabilities and how leaders can rise to the challenges of global crisis. The theoretical findings showed that leaders should be abreast of risk inherent in currency market and keep an eye on the ball of underlying credit risk. It concludes that leadership needs to address issues of technical mismanagement, cosmetic management, desperate mismanagement and fraud which pose threat to the health of a bank. For effective leadership, there is need for good combination of teamwork, right organization, power and appropriate style of leadership.

  15. European Banking Recovery and Resolution Directive: Potential Impacts on European Systemic Important Financial Institutions

    Directory of Open Access Journals (Sweden)

    Clements Akinsoyinu

    2015-09-01

    Full Text Available The great recession heralded in by the subprime mortgage crisis, took a dramatic turn for worse as a result of collapse of the Lehman Brothers bank in September 2008. The crisis deemed to be the most devastating after the Great Depression of 1929, had a debilitating effect on world economies, developing and advanced alike.  The extent of its devastation which  is still being felt in Europe and many parts of the globe reminds us the interconnectedness of financial institutions, particularly those tagged TBTF or SIFIs. Policy makers scrambled to curtail the ugly effect of the crisis by rescuing the SIFIs within their jurisdiction largely through bailout mechanism and provision of implicit guarantee for the debts of failing/failed institutions. As soon as the tide is stemmed, they cast their gaze on new crisis resolution and recovery measures that could rein in systemic risks associated with SIFIs, prevent future crises and reduce the concomitant moral hazards in the current resolution measures. This paper assesses ex ante the potential impact of implementing the new Banking recovery and resolution directives on Europe’s TBTF banksThe great recession heralded in by the subprime mortgage crisis, took a dramatic turn for worse as a result of collapse of the Lehman Brothers bank in September 2008. The crisis deemed to be the most devastating after the Great Depression of 1929, had a debilitating effect on world economies, developing and advanced alike.  The extent of its devastation which  is still being felt in Europe and many parts of the globe reminds us the interconnectedness of financial institutions, particularly those tagged TBTF or SIFIs. Policy makers scrambled to curtail the ugly effect of the crisis by rescuing the SIFIs within their jurisdiction largely through bailout mechanism and provision of implicit guarantee for the debts of failing/failed institutions. As soon as the tide is stemmed, they cast their gaze on new crisis

  16. Effects of Financial Training on Financial Performance of Schools in Kenya: a survey of Administrators of Secondary Schools in Trans-Nzoia County

    Directory of Open Access Journals (Sweden)

    Humphrey Nabiswa Chetambe

    2013-10-01

    Full Text Available The ever increasing cost of education to Governments and to citizens calls for effective management of school resources by administrators. When the Government of Kenya (GOK introduced free secondary education, the national budgetary allocation for the program was between Ksh.25 billion and Ksh.39.7 billion in the financial year 2007/08 and this figure was projected to increase to between Ksh.28.3 billion and Ksh.74.3 billion in 2011 due to increasing demand for secondary education (Republic of Kenya, 2009. Despite this increasing cost of education, there is training for school managers to equip them with skills, knowledge and competencies, needed for effective management of school resources (Ogembo, 2005. Selection to such positions is based on seniority in terms of age, experience and academic performance of the teacher. Training is a problem-centered, learner-oriented, and time-bound series of activities designed to strengthen the competencies of employees. Training for school managers enables them to attain the required skills, knowledge and competencies in managing school resources. It also eliminates deficiencies in the background preparation of school managers. In addition, Training keeps school managers abreast of new knowledge in financial management and inculcates a sense of creativity in them. Training in Kenya is provided through organized seminars and workshops by district or Provincial Heads of Association and through Kenya Education Staff Institute (KESI.The ministry of education (MOE in Kenya expects public school Principals, Heads of Departments (HODs and School bursars to be trained on: Human resource management (HRM, financial management and other management issues (MOEST,2005. Most public secondary schools in Kenya close earlier than term dates citing lack of food, have huge fees balances, charge extra levies, are heavily indebted to creditors, operate on deficit budgets and heavily depend on parents and the GOK to finance

  17. Impact of international financial institutions on markets for solar energy systems

    Energy Technology Data Exchange (ETDEWEB)

    Day, J.F. III; Sacks, R.

    1979-10-01

    In support of the International Photovoltaic Program Plan prepared for DOE by SERI, Strategies Unlimited has conducted a study to assess the impact of international financial institutions on the markets for solar electric systems, especially on photovoltaic power systems. This report reviews the sources and uses of funds for economic development in the Third World. The origin of development funds since 1970 is quantified, the channels through which funds reach the developing countries are examined, and the economic sectors within the developing countries where funds are applied are detailed. This report includes a review of the World Bank, principal regional development banks, OPEC institutions, US Export-Import Bank, principal US commercial banks, and the Euro-currency markets of the world as they finance the developing world. Both concessional and nonconcessional transfers are identified, including both official and private sources. Development bank loan practices are reviewed, including an analysis of sectors, priorities, and trends. US commercial bank international activities are reviewed including the identification of bank exposure by developing country. The report also discusses selected solar energy projects funded by the development banks. Recommendations are prepared for government policy to accelerate the widespread use of photovoltaic systems in international markets.

  18. Task 9. PV deployment in developing countries. Institutional framework and financial instruments for PV deployment in developing countries

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2003-09-15

    This report for the International Energy Agency (IEA) made by Task 9 of the Photovoltaic Power Systems (PVPS) programme takes a look at the institutional framework and financial instruments necessary for PV deployment in developing countries. This guide describes the institutional and financial aspects that need to be addressed to ensure that a long term sustainable (and profitable) PV market is established in developing countries. The guide details main fundamental functions that need to be performed such as the agents needed to perform the functions and their differing roles within the framework, the relationships between these agents and the financial instruments available. It is stated that the majority of the aspects recommended in this guide can be adopted to two main PV deployment models: direct sales and rural electrification and development programmes. It is noted that both approaches will have to be tailored and adapted to local conditions.

  19. 26 CFR 1.582-1 - Bad debts, losses, and gains with respect to securities held by financial institutions.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 7 2010-04-01 2010-04-01 true Bad debts, losses, and gains with respect to... § 1.582-1 Bad debts, losses, and gains with respect to securities held by financial institutions. (a) Bad debt deduction for banks. A bank, as defined in section 581, is allowed a deduction for bad...

  20. Regulation and Supervision of The Global Financial System. A Proposal for Institutional Reform

    NARCIS (Netherlands)

    Denters, H.M.G.

    2009-01-01

    nternational financial markets are supervised primarily by national authorities. However, national authorities are inherently incapable to regulate and supervise seamless globalised financial markets. To the extent international regulators exist, they constitute a disorderly patchwork of

  1. Survey of Clustering based Financial Fraud Detection Research

    Directory of Open Access Journals (Sweden)

    Andrei Sorin SABAU

    2012-01-01

    Full Text Available Given the current global economic context, increasing efforts are being made to both prevent and detect fraud. This is a natural response to the ascendant trend in fraud activities recorded in the last couple of years, with a 13% increase only in 2011. Due to ever increasing volumes of data needed to be analyzed, data mining methods and techniques are being used more and more often. One domain data mining can excel at, suspicious transaction monitoring, has emerged for the first time as the most effective fraud detection method in 2011. Out of the available data mining techniques, clustering has proven itself a constant applied solution for detecting fraud. This paper surveys clustering techniques used in fraud detection over the last ten years, shortly reviewing each one.

  2. Financial strain, social capital, and perceived health during economic recession: a longitudinal survey in rural Canada.

    Science.gov (United States)

    Frank, Christine; Davis, Christopher G; Elgar, Frank J

    2014-01-01

    Although the health consequences of financial strain are well documented, less is understood about the health-protective role of social capital. Social capital refers to a sense of community embeddedness, which is in part reflected by group membership, civic participation, and perceptions of trust, cohesion, and engagement. We investigated whether perceptions of social capital moderate the relation between financial strain and health, both mental and physical. This longitudinal study surveyed adults in two communities in rural Ontario where significant job losses recently occurred. Data were collected on financial strain, social capital, perceived stress, symptoms of anxiety and depression, and physical health on three occasions over 18 months (N's = 355, 317, and 300). As expected, financial strain positively related to perceived stress, poor physical health and symptoms of anxiety and depression, whereas social capital related to less stress, better physical health, and fewer symptoms of anxiety and depression. Effects of financial strain on perceived stress and depressive symptoms were moderated by social capital such that financial strain related more closely to perceived stress and depressive symptoms when social capital was lower. The findings underscore the health-protective role of community associations among adults during difficult economic times.

  3. Polish credit institutions within the European Union: a cross-country survey

    Directory of Open Access Journals (Sweden)

    Mariusz Dybał

    2011-06-01

    Full Text Available The paper presents an analysis of the Polish financial system, with regard to both the number of financial institutions and their assets over the last two decades. Data on the structure of household assets are also presented. According to the study, banks are the most important institutions in the Polish financial system. Analyzed in order to compare Polish credit institutions with all other members of the European Union were total assets of credit institutions, assets of the 25 largest banks in the European Union, as well as in Central and East Europe, share of the five largest credit institutions in total assets (CR5, asset share of credit institutions with majority foreign equity ownership, number of credit institutions, number of local units (branches, number of residents per credit institution local unit, number of employees of credit institutions, assets of credit institutions per employee and GDP per capita in PPS. The data demonstrate that over the past decade Polish credit institutions have largely strengthened their position within the European Union.

  4. 32 CFR 231.10 - Financial institutions on DoD installations.

    Science.gov (United States)

    2010-07-01

    ...). (A) ATMs are considered electronic banking services and, as such, shall be provided only by financial... seek the provision of financial services from any entity other than the on-base banking office or... financial services (to include in-store banking) requiring the outgrant of additional space or logistical...

  5. The Importance of Information Security for Financial Institutions and Proposed Countermeasures --With a Focus on Internet-Based Financial Services--

    OpenAIRE

    Bank of Japan

    2000-01-01

    In recent years, the development of information technology (IT) has brought with it a rapid increase in the use of open network systems, as typified by the Internet, to provide financial services. Concurrently, proper management of information security risks such as the risk of service interruptions, theft or alteration of data, impersonation and other events resulting from unauthorized access to the computer system is rapidly becoming critical. If these risks should occur and cause unauthori...

  6. Thorny roses: The motivations and economic consequences of holding equity stakes in financial institutions for China’s listed nonfinancial firms

    Directory of Open Access Journals (Sweden)

    Liping Xu

    2017-06-01

    Full Text Available The reforms of China’s financial system have significantly changed the country’s financial sector. One noteworthy phenomenon is that many nonfinancial firms have obtained equity stakes in financial institutions. This study investigates the motivations behind and economic consequences of this recent proliferation of investments in financial institutions by nonfinancial listed firms. We find that the motivations for holding equity stakes in financial institutions include alleviating the pressure of industry competition, reducing transaction costs, and diversification to reduce risk. These investments, however, have double-edged effects on the performance of the investing firms. While their investment income increases, their operating income and overall return on assets decrease, as the investment income cannot compensate for the decrease in other operating income. The investing firms’ cost of debt also increases, their cash-holding decreases, and stock price performance does not improve after investing in financial institutions. These effects contrast with the enthusiasm nonfinancial listed firms have for investing in financial institutions. The empirical findings in this study can inform financial industry regulators and decision-makers in listed firms. We advise nonfinancial firms to be cautious when considering investing in financial institutions.

  7. Patient attitudes about financial incentives for diabetesself-management: A survey

    Institute of Scientific and Technical Information of China (English)

    2015-01-01

    AIM To study the acceptability of incentives for behaviorchanges in individuals with diabetes, comparing financialincentives to self-rewards and non-financial incentives.METHODS: A national online survey of United Statesadults with diabetes was conducted in March 2013 (n= 153). This survey was designed for this study, withiterative testing and modifications in a pilot population.We measured the demographics of individuals, theirinterest in incentives, as well as the perceived challengeof diabetes self-management tasks, and expectationsof incentives to improve diabetes self-management(financial, non-financial and self-rewards). Using anordered logistic regression model, we assessed theassociation between a 32-point score of the perceivedchallenge of the self-management tasks and the threetypes of rewards.RESULTS: Ninety-six percent of individuals wereinterested in financial incentives, 60% in non-financialincentives and 72% in self-rewards. Patients were lesslikely to use financial incentives when they perceivedthe behavior to be more challenging (odds ratio of usingfinancial incentives of 0.82 (95%CI: 0.72-0.93) for eachpoint of the behavior score). While the effectiveness ofincentives may vary according to the perceived level ofchallenge of each behavior, participants did not expectto need large amounts to motivate them to modifytheir behavior. The expected average amounts neededto motivate a 5 lb weight loss in our population andto maintain this weight change for a year was $258(interquartile range of $10-100) and $713 (interquartilerange of $25-250) for a 15 lb weight loss. The differencein mean amount estimates for 5 lb and 15 lb weight losswas significant (p 〈 0.001).CONCLUSION: Individuals with diabetes are willing toconsider financial incentives to improve diabetes selfmanagement.Future studies are needed to exploreincentive programs and their effectiveness for diabetes.

  8. Transfer Credit Assessment: A Survey of Institutional Practices

    Science.gov (United States)

    British Columbia Council on Admissions and Transfer, 2015

    2015-01-01

    Assessing credits that transfer students bring to an institution may require a significant amount of institutional resources. The increased mobility of students among post-secondary institutions in British Columbia (BC), and the need to ensure efficient admission processes for both the student and the institution, makes transfer credit assessment…

  9. A literature survey of private sector methods of determining personal financial responsibility

    OpenAIRE

    Bodzin, Martin Bradley

    1988-01-01

    Approved for public release; distribution is unlimited Credit grantors and employers have two clearly established methods-- judgmental and empirically derived--of determining personal financial responsibility that can be used as a basis for accepting or rejecting credit or job applicants. This thesis is a literature survey and analysis of those methods. The foundations of the two methods are examined and models of the empirically derived method are discussed. The pa...

  10. Applying the prudence principle in non-profit organizations and financial institutions

    Directory of Open Access Journals (Sweden)

    Milena Otavová

    2011-01-01

    Full Text Available The paper describes in detail the accounting principle of prudence in non-profit organizations and financial institutions. It defines its application in such organizations and based on comparison it evaluates the practical use of the prudence principle and its reflection in the accounting books. The main focus is on differences in applying the prudence principle that result from differences in the purpose activities and methods of asset management in these organizations. The practical application of the prudence principle in accounting consists mainly in the creation and use of provisions and impairments. These methods are defined by the Implementing Regulation to the Accounting Act No. 563/1991. The paper also provides tables where the creation and use of impairments and provisions in the above-mentioned organizations is compared with how business companies proceed in creating impairments and provisions. The key legislation standardizing accounting in the Czech Republic is the Accounting Act No. 563/1991, as amended, which stipulates the general accounting principles, the so-called accounting philosophy. The accounting is built around the general accounting principles, which are perceived as the pillars of accounting. Even though they are not stipulated in any particular law, they are legally enforceable and their ignorance can be sanctioned. The general accounting principles represent a set of rules to be observed in keeping the accounting books, preparing the accounting reports and submitting the accounting reports to users. The keystone accounting principle is the principle of true and fair refl ection of facts the essential goal of which is to report in the fi nancial statement actual assets and the fi nancial position of the accounting unit with an essential focus on reporting events that occurred during the accounting period with respect to their content.

  11. The Image of Financial Institution as Islamic Bank In Mediation Service Quality and Customer Satisfaction on Customer Loyalty in Purwokerto.

    OpenAIRE

    Chandra Warsito

    2015-01-01

    The paper aims to determine the effect of service quality on customer satisfaction, service quality, customer satisfaction and image on customer loyalty, quality of service to the company’s image, to determine the image of financial institutions in mediating the relationship variable quality of service and customer satisfaction on customer loyalty. The samples used were 110 customers and methods of analysis used is Structural Equation Modeling (SEM) test results find no significant effect of ...

  12. Marketing Need-Based Financial Aid Programs: An Institutional Case Study

    Science.gov (United States)

    Knight, Mary Beth

    2010-01-01

    Colleges and universities represent one of the most utilized sources of need-based financial aid information for students and families, and yet most research in access marketing is focused at the national and state levels. There is sparse published information about the effects of financial aid marketing observed through quantitative analysis, in…

  13. Perceptions of Financial Aid: Black Students at a Predominantly White Institution

    Science.gov (United States)

    Tichavakunda, Antar A.

    2017-01-01

    This study provides qualitative context for statistics concerning Black college students and financial aid. Using the financial nexus model as a framework, this research draws upon interviews with 29 Black juniors and seniors at a selective, -private, and predominantly White university. The data suggest that students -generally exhibited high…

  14. Marketing Need-Based Financial Aid Programs: An Institutional Case Study

    Science.gov (United States)

    Knight, Mary Beth

    2010-01-01

    Colleges and universities represent one of the most utilized sources of need-based financial aid information for students and families, and yet most research in access marketing is focused at the national and state levels. There is sparse published information about the effects of financial aid marketing observed through quantitative analysis, in…

  15. The long arm of finance: Exploring the unlikely financialization of governments and public institutions

    NARCIS (Netherlands)

    Hendrikse, R.P.

    2015-01-01

    It is often claimed that the power of finance is pervasive and omnipresent, yet the delicate ways in which financialization exerts its will across space remain relatively little explored. In fact, such claims obscure the fact that financial development constitutes a profoundly uneven process - both

  16. Perceptions of Financial Aid: Black Students at a Predominantly White Institution

    Science.gov (United States)

    Tichavakunda, Antar A.

    2017-01-01

    This study provides qualitative context for statistics concerning Black college students and financial aid. Using the financial nexus model as a framework, this research draws upon interviews with 29 Black juniors and seniors at a selective, -private, and predominantly White university. The data suggest that students -generally exhibited high…

  17. A comparative financial analysis of multi-institutional organizations by ownership type.

    Science.gov (United States)

    Coyne, J S

    1985-01-01

    Concern about future directions in healthcare exists, with corporate consolidation seen as likely and necessary. To understand this transformation, the author examines the financial growth trends among the nation's leading corporate providers. Investor-owned (IO) and not-for-profit (NFP) firms are compared using audited data on four financial accounts (assets, debt, equity and income) and three financial ratios (liquidity, leverage, and profitability). The author analyzes financial trends from 1978 to 1982 and looks beyond the significant differences in the balance sheet and income statement accounts to a significant similarity in ratio trends between the NFP and the IO firms' financial conditions. The implications of these findings are discussed in terms of future forms of corporate providers.

  18. The role of the extrajudicial accounting survey in reviewing and certifying financial statements. A case study

    Directory of Open Access Journals (Sweden)

    Busuioceanu, S.

    2013-12-01

    Full Text Available As our society develops, transactions between companies become increasingly complex. The amount of data involved is bigger and bigger, while decision makers are more and more likely to receive incorrect information. In order to improve the reliability and relevancy of the information they use, decision makers resort to assurance services which can be performed by financial auditors, chartered accountants or other specialists. The contribution of the accounting survey to the prevention of damage, the preservation of the integrity of the cultural assets and the compliance with the law are efficient not only given their use as evidence in court, but also as a means to ground decisions or to guarantee the fact that the accounting balance sheet offers a true, clear and complete view over the assets, financial statements, the profit (loss for the period. These financial and accounting analyses and certifications of the assets and the possibility of the economic agent to make profit and, consequently, to be financially efficient, represents a proof of reliability for the other economic agents when establishing sound economic rapports.

  19. DIRECTIONS OF THE INSTITUTIONAL DEVELOPMENT OF THE FINANCIAL SYSTEM OF RUSSIA: A CONCEPTUAL ASPECT

    National Research Council Canada - National Science Library

    Pogosyan Gayk Grantovich

    2012-01-01

    ... on the importance of solution a task of the effective institutionalization of the financial system in Russia in which, contrary to the current situation the Central Bank itself should perform the role...

  20. Impact of the global financial crisis on employed Australian baby boomers: a national survey.

    Science.gov (United States)

    O'Loughlin, Kate; Humpel, Nancy; Kendig, Hal

    2010-06-01

    This paper examines the impact of the global financial crisis (GFC) on employed Australian baby boomers. A nationally representative sample of 1009 boomers aged 50-64 years completed a survey by telephone interview mid 2009. Compared with 1 year ago, 38.9% of working boomers reported being financially worse off and this was more so for women (42.4%) than men (35.6%). Following the GFC, 41.4% of women and 31.9% of men had decided to postpone their retirement plans. The GFC is affecting the retirement preparations and plans of Australia's baby boomers. Policy implications include reduced resources for retirement needs, and uneven and differential impacts for those with interrupted employment histories, notably women.

  1. Financial access to health care in Karuzi, Burundi: a household-survey based performance evaluation

    Directory of Open Access Journals (Sweden)

    Van Herp Michel

    2009-10-01

    Full Text Available Abstract Background In 2003, Médecins Sans Frontières, the provincial government, and the provincial health authority began a community project to guarantee financial access to primary health care in Karuzi province, Burundi. The project used a community-based assessment to provide exemption cards for indigent households and a reduced flat fee for consultations for all other households. Methods An evaluation was carried out in 2005 to assess the impact of this project. Primary data collection was through a cross-sectional household survey of the catchment areas of 10 public health centres. A questionnaire was used to determine the accuracy of the community-identification method, households' access to health care, and costs of care. Household socioeconomic status was determined by reported expenditures and access to land. Results Financial access to care at the nearest health centre was ensured for 70% of the population. Of the remaining 30%, half experienced financial barriers to access and the other half chose alternative sites of care. The community-based assessment increased the number of people of the population who qualified for fee exemptions to 8.6% but many people who met the indigent criteria did not receive a card. Eighty-eight percent of the population lived under the poverty threshold. Referring to the last sickness episode, 87% of households reported having no money available and 25% risked further impoverishment because of healthcare costs even with the financial support system in place. Conclusion The flat fee policy was found to reduce cost barriers for some households but, given the generalized poverty in the area, the fee still posed a significant financial burden. This report showed the limits of a programme of fee exemption for indigent households and a flat fee for others in a context of widespread poverty.

  2. Paying for Default: Change over Time in the Share of Federal Financial Aid Sent to Institutions with High Student Loan Default Rates

    Science.gov (United States)

    Jaquette, Ozan; Hillman, Nicholas W.

    2015-01-01

    Both federal spending on financial aid and student loan default rates have increased over the past decade. These trends have intensified policymakers' concerns that some postsecondary institutions-- particularly in the for-profit sector--maximize revenue derived from federal financial aid without helping students to graduate or find employment.…

  3. Financial Factors and Institutional Characteristics That Relate to the Long-Term Debt of U.S. Four-Year Public Colleges and Universities

    Science.gov (United States)

    Keith, Dana Sims

    2013-01-01

    Debt for public colleges and universities has been increasing while financial resources, which provide the support to repay debt, have been declining. As debt increases in proportion to assets, the risk profile of a college or university increases. This study examined the relationships between financial variables and institutional characteristics…

  4. Increased financial burden among patients with chronic myelogenous leukaemia receiving imatinib in Japan: a retrospective survey

    Directory of Open Access Journals (Sweden)

    Kodama Yuko

    2012-04-01

    Full Text Available Abstract Background The financial burden of medical expenses has been increasing for cancer patients. We investigated the relationship between household income and financial burden among patients with chronic myelogenous leukaemia (CML who have been treated with imatinib. Methods A questionnaire was distributed to 1200 patients between May and August 2009. We retrospectively surveyed their household incomes, out-of-pocket medical expenses, final co-payments after refunds, and the perceived financial burden of their medical expenses in 2000, 2005 and 2008. Results A total of 577 patients completed the questionnaire. Their median age was 61 years (range, 15–94. A financial burden was felt by 41.2 % (28 of 68 of the patients treated with imatinib in 2000, 70.8 % (201 of 284 in 2005, and 75.8 % (400 of 528 in 2008. Overall, 182 patients (31.7 % considered its discontinuation because of the financial burden and 15 (2.6 % temporarily stopped their imatinib prescription. In 2000, 2005 and 2008, the patients’ median annual household incomes were 49,615 US Dollars (USD, 38,510 USD and 36,731 USD, respectively, with an average currency exchange rate of 104 Yen/USD in 2008. Their median annual out-of-pocket expenses were 11,548, 12,067 and 11,538 USD and their median final annual co-payments were 4,375, 4,327 and 3,558 USD, respectively. Older patients (OR = 0.96, 95 % CI: 0.95–0.98, p ≪ 0.0001 for 1-year increments, and patients with higher household incomes (OR = 0.92, 95 % CI: 0.85–0.99, p = 0.03 for 10,000 USD-increments were less likely to have considered discontinuing their imatinib treatment. Conversely, patients with higher annual final co-payments (OR = 2.21, 95 % CI: 1.28–4.28, p = 0.004 for 10,000 USD-increments were more likely to have considered discontinuing their imatinib treatment. Conclusions The proportion of CML patients who sensed a financial burden increased between 2000 and 2008

  5. 农村金融生态环境与新型农村金融机构脆弱性%The Fragility of Rural Financial Ecological Environment and New-type Rural Financial Institutions' Based on SEM Analysis

    Institute of Scientific and Technical Information of China (English)

    何颖媛

    2013-01-01

    农村金融生态环境是新型农村金融机构生存和发展的环境基础.为了深入揭示农村金融生态环境对新型农村金融机构脆弱性的影响程度,在分析农村金融生态环境属性构成基础上,构建了农村金融生态环境与新型农村金融机构脆弱性的关系模型,并在问卷调查基础上运用结构方程模型进行实证检验,研究结果表明:除了农村法律环境的影响假设未得到支持外,农村经济环境、农村金融环境、农村政策环境和农村信用环境在降低新型农村金融机构脆弱性方面有显著正向影响.%Rural financial ecological environment provides the basis for the existence and development of new-type rural financial institutions. In order to reveal how much the rural financial ecological environment has influenced the fragility of new-type rural financial institutions this paper, based on an analysis of the components of rural financial ecological environment, constructs a relation model between the rural financial ecological environment and the new-type rural financial Institutions' fragility. SEM is used to analyze the questionnaires. The result proves that rural financial ecological environment consists of five parts: except rural legal environment, rural economic environment, rural financial environment, rural policy environment, rural legal environment and rural credit environment all have a significant positive effect on New-type rural financial Institutions' fragility.

  6. THE 5-D MODEL ANALYSIS OF BRD & BT FINANCIAL INSTITUTIONS IN TERMS OF THE CHARACTERS THAT APPEAR IN ADVERTISEMENTS

    Directory of Open Access Journals (Sweden)

    Paula Cristina BRUJ

    2011-01-01

    Full Text Available In times of difficult and unstable economic environment, market players try todifferentiate themselves in order to survive and attract a large number of newcustomers. Financial institutions, as well as the full service segment, face amajor obstacle, as in the negative power of intangibility ,that is reflected inthe specific economic process. The “battle” for a place in front is increasinglyfierce, and financial companies have begun to focus towards the removal ofthis drawback, and finding new communication techniques and actions, byassigning the company with some new values that will lead to greaterconfidence shown within consumers. In this article, we will try to underlinetwo different tests of image association, as in the campaigns conducted byBRD - Groupe Societe Generale and Banca Transilvania, combining anendorsement campaign with a fairytale character, all of this processedthrough the filter of Romania’s set of cultural characteristics.

  7. The impact of financial institutions on the development of the Byzantine economy (10th-12th centuries

    Directory of Open Access Journals (Sweden)

    Maniatis George C.

    2016-01-01

    Full Text Available This article attempts to ascertain the nature of the financial institutions fashioned diachronically to ensure the orderly operation of the Byzantine economy, encompassing the currency in circulation, credit availability, and the nexus of financial services; to analyze their role and evolution over time; to examine their ability to make rational use of the available financial resources; and ultimately to assess their contribution in ensuring the effective functioning of the marketplace and the economy in the 10th-12th centuries. Emphasis is placed on the effectiveness of the monetary system in providing the requisite liquidity to meet the needs of the productive sectors of the economy; the determining factors of money supply and its sectorial penetration; the measures taken to prevent hoarding and alleviate the gold-dependence of the fiscus; the functional distinction between money-changing and moneylending and its rationale; the rules established for the orderly conduct of currency transactions to prevent unsavory practices; the participants involved in lending operations and the extent of market competition; the importance of credit (and hence debt financing in promoting agriculture, manufacturing, and trade; and the role of the state in safeguarding the soundness of the monetary system, banking services, deals in precious metals and valuables, and in the pricing of capital. Moreover, the paper addresses collateral issues in dispute providing more cogent answers, identifies misinterpreted sources and unsupported assertions, and fills in lacunae. It is hoped that the searching examination of the design and operation of the enacted financial institutional arrangements will provide valuable insights as to their genesis, adaptation over time, and likely performance in light of the Byzantine economic, social and political realities.

  8. 75 FR 20363 - Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation...

    Science.gov (United States)

    2010-04-19

    ... the appropriate service center. Dated: April 13, 2010. Federal Deposit Insurance Corporation. Robert Feldman, Executive Secretary. Institutions in Liquidation (In alphabetical order) FDIC ref. no. Bank...

  9. 75 FR 6667 - Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation...

    Science.gov (United States)

    2010-02-10

    ... the appropriate service center. Dated: February 4, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. ] Institutions in Liquidation FDIC Ref. No. Bank name City...

  10. 78 FR 55202 - Regulations Relating to Information Reporting by Foreign Financial Institutions and Withholding...

    Science.gov (United States)

    2013-09-10

    ... prima facie FFI and for which a withholding agent does not have documentation indicating the payee's... in the Federal Register on Monday, January 28, 2013 (78 FR 5874). The regulations related to... with respect to the payment; * * * * * (iv) Withholding obligation of a territory financial...

  11. 78 FR 76614 - Resolution of Systemically Important Financial Institutions: The Single Point of Entry Strategy

    Science.gov (United States)

    2013-12-18

    ... appropriate skills and expertise to operate the businesses and most employees of subsidiaries and affiliates... recognizes the importance of providing transparent reporting to the public, financial markets, Congress, and... course of this process, a number of issues have been identified that speak to the question of how a Title...

  12. 31 CFR 103.110 - Voluntary information sharing among financial institutions.

    Science.gov (United States)

    2010-07-01

    ... Information Sharing Procedures To Deter Money Laundering and Terrorist Activity § 103.110 Voluntary.... 5312(a)(2) that is required under this part to establish and maintain an anti-money laundering program... suspects may involve possible terrorist activity or money laundering. (2) Notice requirement. A financial...

  13. Does economic, financial and institutional developments matter for environmental quality? A comparative analysis of EU and MEA countries.

    Science.gov (United States)

    Abid, Mehdi

    2017-03-01

    The aim of this study is to test the hypothesis of the Environmental Kuznets Curve (EKC) with a sample of 58 MEA (Middle East & African) and 41 EU (European Union) countries for the period 1990 to 2011. The empirical analysis is carried out using the GMM-system method to solve the problem of endogenous variables. We focused on direct and indirect effects of institutional quality (through the efficiency of public expenditure, financial development, trade openness and foreign direct investment) and the income-emission relationship. We found a monotonically increasing relationship between CO2 emissions and GDP in both MEA and EU regions. The policy implication is clear: in order to have sustainable positive economic performance and to reduce carbon dioxide emission in the country at the same time, policy makers should regulate and enhance the role and efficiency of domestic institutions.

  14. Web quality in Lithuanian financial institution : a comparison with the EU results

    OpenAIRE

    Bonsón Ponte, Enrique; Cortijo Gallego, Virginia; Escobar Rodríguez, Tomás

    2008-01-01

    The objective of this paper is to analyse the navigation quality of the websites of Lithuanian banks. Information completeness for investors ensures the correct functioning of capital markets. In banking environments, this goal is reached by increasing the use of the corporate Website. For this reason, to ensure the quality of these online resources is one of the most important challenges for central banks and financial authorities. The content of the corporate Websites is being regulated by ...

  15. Operational risk management in financial institutions: A dead-end journey

    OpenAIRE

    2005-01-01

    This article is about operational risk management in credit firms around the the European area. The text ofBank Supervision Committee (Basilea II) has been already approved including some important changes about operational risk, so it is time to UE´s bank regulations were adopted and changes applied by monetary and financial authorities. This flexible and proffesional new regulation introduces some elements on Corporative Government of credit firms affecting it´s internal culture (risk manag...

  16. Investigation and Analysis of the Use of Foreign Language in Financial Institutions of China%我国金融机构从业人员外语使用情况调查分析

    Institute of Scientific and Technical Information of China (English)

    罗雪梅; 孙睿珺; 阳璐蔓

    2013-01-01

    In recent years, with the rapid development of economy in China and the entry of foreign financial institutions, domestic financial institutions, such as banks, securities and insurance strengthen their focus and use of foreign language to some extent. Many institutions set English level as one of their basic standards for hiring employees. Then, how important is foreign language to financial institutions? What is the current usage situation of foreign language in financial institutions? In order to solve this problem, we did a series of survey and relevant statistical analysis, based on which we draw the conclusions and offer the suggestions.%近年来,随着中国经济飞速发展和大批外资银行、保险等金融机构的进入,国内金融机构如银行、证券、保险等行业都不同程度地加大了对外语的重视和使用程度.许多金融机构都将英语水平作为招聘的必要条件之一.那么,外语在金融机构中的重视程度和使用现状如何?为了解答这个问题,我们对全国的金融机构进行了实地调研,并对调查结果进行了相关的统计分析,提出了自己的看法和建议.

  17. Defense Support to Civil Authorities: Surveying Institutional Challenges

    Science.gov (United States)

    2009-05-01

    31 Alane Kochems. Heritage Foundation: Military Support to Civilian Authorities: An Assessment of the Response to Hurricane...catastrophic disasters. 42 BIBLIOGRAPHY Books Brinkley , Douglas. The Great Deluge: Hurricane Katrina, New Orleans, and the Mississippi Gulf Coast...Firehouse Magazine Annual Run Survey 2007. Firehouse.com (accessed December 11,2008). Kochems, Alane . Heritage Foundation: Military Support to

  18. Institutions and Venture Capital

    OpenAIRE

    Lerner, Josh; Tåg, Joacim

    2012-01-01

    We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations, and public spending on research and development correlates with venture capital activities across countries. Our case study suggests these institutional differences led to the later development of an ...

  19. Beyond the Schoolyard: The Contributions of Parenting Logics, Financial Resources, and Social Institutions to the Social Class Gap in Structured Activity Participation.

    Science.gov (United States)

    Bennett, Pamela R; Lutz, Amy; Jayaram, Lakshmi

    2012-01-01

    We investigate cultural and structural sources of class differences in youth activity participation with interview, survey, and archival data. We find working- and middle-class parents overlap in parenting logics about participation, though differ in one respect: middle-class parents are concerned with customizing children's involvement in activities, while working-class parents are concerned with achieving safety and social mobility for children through participation. Second, because of financial constraints, working-class families rely on social institutions for participation opportunities, but few are available. Schools act as an equalizing institution by offering low-cost activities, allowing working-class children to resemble middle-class youth in school activities, but they remain disadvantaged in out-of-school activities. School influences are complex, however, as they also contribute to class differences by offering different activities to working- and middle-class youth. Findings raise questions about the extent to which differences in participation reflect class culture rather than the objective realities parents face.

  20. Capacity Building for Institutional Development in Surveying and Land Management

    DEFF Research Database (Denmark)

    Enemark, Stig

    2006-01-01

    Good governance, comprehensive land policies, and sound land administration institutions are essential components for addressing the problems related to land management and land information infrastructures. Both an efficient land market and an effective means of land-use control must be developed...... resources and skills. In this regard, the capacity building concept offers some guidance for analysing and assessing the capacity needs and for identifying an adequate response to these needs at societal, organisational and individual levels. The paper analyses the various means of capacity building...

  1. INSTITUTIONAL ASPECTS OF THE CAUSES AND CONSEQUENCES VIOLATION OF FINANCIAL STABILITY: HISTORICAL RETROSPECTIVE AND CURRENT UKRAINIAN REALITIES IN THE CONTEXT OF CHALLENGES OF EUROPEAN INTEGRATION

    Directory of Open Access Journals (Sweden)

    I. Novikova

    2016-06-01

    Full Text Available The article analyzes the institutional aspect of the causes and consequences of violations of financial stability. Done analysis of famous historical examples of the emergence of inflationary bursts, as well as ways of establishing a financial equilibrium. In particular, states that often main cause of violations of financial stability becomes inflationary boom, which arose by wars, socio-economic and political contradictions. It was considered role of institutional instability in the context of the emergence of contemporary geopolitical challenges and socio-economic changes in Ukraine. The paper examines the impact of modern social and economic challenges on growth in inflation and on the deterioration of other macroeconomic indicators in Ukraine. At the end, was provided of the recommendations to overcome the financial problems in the national economy. Emphasized importance of the exchange rate stability of the currency.

  2. On Incentive Compensation Mechanism for Financial Institutions' Anti-Money Laundering%金融机构反洗钱激励补偿机制研究

    Institute of Scientific and Technical Information of China (English)

    石岳; 韩雪

    2012-01-01

    Money laundering refers to the criminals using financial institutions to various kinds of illegal income legalization, for the purpose of escaping the legal sanction behavior. Financial institutions,as the main path of money laundering operation flow,are the key link of sniper money laundering act.This article,by analyzing the position and function of financial institution in the anti-money laundering working process,and the cost and benefit of financial institutions participating in anti-money laundering, draws the conclusion that the negative anti-money laundering might be the optimal strategy choice of financial institutions.Therefore,only through establishing a complete incentive and compensative mechanism of financial institutions anti-money laundering, the internal control mechanism of financial system can be perfected,thus forming the incentive compatibility between financial institutions and regulatory authorities, and promoting the financial institutions to actively undertake the obligations and responsibilities of antimoney laundering.%洗钱是指犯罪分子为了躲避法律的制裁,将其非法所得的收入合法化的过程。而金融机构之所以成为反洗钱工作中的关键环节,是因为它是洗钱活动的主要渠道。本文通过对金融机构在反洗钱工作中地位、作用和金融机构参与反洗钱活动成本和收益的分析,认为消极反洗钱有可能成为金融机构的最优策略选择。因此,只有通过尽快建立完整的金融机构反洗钱激励机制和补偿机制,才能形成监管当局与金融机构之间的激励相容,促使商业银行积极承担起反洗钱的义务。

  3. Applicability of the World Commission on Dams' recommendations for public financial institutions: a case for Japanese yen loan assistance

    Science.gov (United States)

    Fujikura, Ryo; Nakayama, Mikiyasu; Mori, Katsuhiko

    2003-10-01

    The World Commission on Dams (WCD) published Dams and Development as its only and final report in November 2000. Identifying core values and strategic priorities, the report proposed internationally acceptable criteria and standards. Despite the fact that the WCD itself did not intend that the report be used as a blueprint, many non-governmental organizations strongly support the report and the criteria and guidelines recommended in the report, and demand that they be adopted in their current form by funding organizations. The WCD criteria and guidelines were found to have several methodological problems, and it appears impossible to apply the recommended criteria and guidelines as they stand. This study examines the applicability of the WCD criteria and guidelines for public financing institutes involved in overseas development assistance and proposes necessary measures to increase their applicability in order to realize core values and strategic priorities. The character of and relationships among key decision points, strategic priorities, criteria, and guidelines should be clarified. Then, this study examines the applicability of the WCD recommendations for Japanese public financial institutions, as Japan has nearly become the sole bilateral donor providing financial assistance (loans) for large dam construction projects. The public financial institution can only be mandated to check the legal status of the decisions made regarding Stages 1 and 2 which are the first two of the five successive stages from the planning to the operation of the dam project. Needs assessment and alternative selection are expected to be conducted at Stage 1 and 2 respectively. The Japan Bank for International Cooperation (JBIC), which deals with the Japanese concessional yen loan, and the Japan International Cooperation Agency (JICA), which is in charge of technical assistance, are featured in this study. As for the Japanese concessional yen loan assistance, there are other inherent

  4. 12 CFR 1805.201 - Certification as a Community Development Financial Institution.

    Science.gov (United States)

    2010-01-01

    ... be a CDFI provided it is not controlled by such entities and maintains independent decision-making... Depository Institution, Insured Credit Union, or State-Insured Credit Union; or (iii) Organization that is..., census tract, block numbering area, block group, or American Indian or Alaska Native area (as such units...

  5. Financial management and job social skills training components in a summer business institute: a controlled evaluation in high achieving predominantly ethnic minority youth.

    Science.gov (United States)

    Donohue, Brad; Conway, Debbie; Beisecker, Monica; Murphy, Heather; Farley, Alisha; Waite, Melissa; Gugino, Kristin; Knatz, Danielle; Lopez-Frank, Carolina; Burns, Jack; Madison, Suzanne; Shorty, Carrie

    2005-07-01

    Ninety-two adolescents, predominantly ethnic minority high school students, participated in a structured Summer Business Institute (SBI). Participating youth were randomly assigned to receive either job social skills or financial management skills training components. Students who additionally received the job social skills training component were more likely to recommend their employment agency to others than were youth who received the financial management component, rated their overall on-the-job work experience more favorably, and demonstrated higher scores in areas that were relevant to the skills that were taught in the job social skills workshops. The financial management component also appeared to be relatively effective, as youth who received this intervention improved their knowledge of financial management issues more than youth who received job social skills, and rated their workshops as more helpful in financial management, as well as insurance management. Future directions are discussed in light of these results.

  6. Organizational Maturity in Competitive Intelligence – The Case of a Brazilian Financial Institution

    Directory of Open Access Journals (Sweden)

    Leonel Cezar Rodrigues

    2014-04-01

    Full Text Available This study aims at characterizing and identifying the degree of maturity in Competitive Intelligence (CI of a financial organization from a developing country, abyding by a maturity model in the literature. To do this research, the chosen method was the case study. Data were collected among 4 distinct áreas of the organization: Marketing, Physical Security; International Relations; and Risk management.  Main results indicate that two áreas show maturity in CI, level 1 – Informal. The othe two show degree of maturity in CI, level 2 – Formal. Conclusions of the study support coherence of criteria and elements that bolster the logic of the selected model and the decentralized structure of CI in the studied organization, showing, in an yet intuitive way, to hold an advanced CI operating model.

  7. Operational risk management in financial institutions: A dead-end journey

    Directory of Open Access Journals (Sweden)

    JOSÉ IGNACIO LLAGUNO MUSONS

    2005-06-01

    Full Text Available This article is about operational risk management in credit firms around the the European area. The text ofBank Supervision Committee (Basilea II has been already approved including some important changes about operational risk, so it is time to UE´s bank regulations were adopted and changes applied by monetary and financial authorities. This flexible and proffesional new regulation introduces some elements on Corporative Government of credit firms affecting it´s internal culture (risk management culture, it’s strategics decisions and entities organization, encouraging to improve the quality of process, services and operations. So this is a good reason to follow the good way of continuous efficiency in an strategic dimension on individual level and on finance system as well. We have the opportunity to research and apply the principles of Business Administration in this field now, but what is better, we would do it on others economic sectors affected by operational risks as well.

  8. Cooperation or Competition: An Evolutionary Game Study between Commercial Banks and Big Data-Based E-Commerce Financial Institutions in China

    Directory of Open Access Journals (Sweden)

    Yi Zhao

    2015-01-01

    Full Text Available On the premise of participants’ bounded rationality and information asymmetry, this paper focuses on the cooperation or competition relationship between Chinese e-commerce financial institutions and commercial banks from the perspective of dynamic game. Theoretical mathematical model is built to analyze an evolutionary stable strategy under different conditions. We adopt real-life data set collected in Alibaba’s network credit loan business case and Jingdong’s supply chain financing business case to verify the evolution process of cooperation and competition relationship. The results show that (cooperation, cooperation is bound to be the evolutionary stable strategy (ESS and cooperation tends to be increasingly in-depth and expansive for commercial banks as well as e-commerce financial institutions in China. The complementarity of participants’ core competitiveness is explored as the root of cooperation. Finally, strategic suggestions are put forward on cooperation between e-commerce financial institutions and commercial banks.

  9. China Oil & Gas Pipeline Survey & Design Institute, Pipeline

    Institute of Scientific and Technical Information of China (English)

    Bureau of CNPC; Zhao Surong

    1995-01-01

    @@ China Oil/Gas Pipeline Bureau(P.B) is the only professional organization in China specialized in oil/gas pipelines design and construction since 1980s. It has ever cooperated with certain number of well known companies from Japan,USA, Germany, Canada, as well as Italy in the designs of many large oil/gas pipeline projects, during the course of which, personnel from P.B accumulated much experience in international project designs. During the execution of each particular project, they strictly followed the common-use international codes and standards with computers as the auxiliary design system combined with the self-developed software. All its clients showed their trust in this organization and gave it high praise for its outstanding survey, design and technical service.

  10. 非银行金融机构风险控制研究%Risk Control Study of Non-bank Financial Institutions

    Institute of Scientific and Technical Information of China (English)

    刘馨钰

    2016-01-01

    If we want to achieve sustainable development, we needthe supportof a perfect financial system, especially the rapid and healthy development of non-bank financial institutions is even more important. This pa⁃per is intended to start with the analysis onthe development status of non-bank financial institutions, analyze the problems existing in the development of non-bank financial institutions. Finally, policy suggestions on the⁃regulated and healthy development of non-bank financial institutions are put forward.%想实现可持续发展,需要完善的金融体系支持,尤其是非银行金融组织的快速健康发展显得更为重要。本课题旨在从非银行金融组织的发展现状分析入手,剖析非银行金融组织发展过程中存在的问题,最后提出非银行金融机构规范健康发展的政策建议【1】。

  11. Total Survey Error & Institutional Research: A Case Study of the University Experience Survey

    Science.gov (United States)

    Whiteley, Sonia

    2014-01-01

    Total Survey Error (TSE) is a component of Total Survey Quality (TSQ) that supports the assessment of the extent to which a survey is "fit-for-purpose". While TSQ looks at a number of dimensions, such as relevance, credibility and accessibility, TSE is has a more operational focus on accuracy and minimising errors. Mitigating survey…

  12. DEVELOPMENT OF FINANCIAL INNOVATION BASED ON OPTIMIZING BUSINESS PROCESSES AND CREDIT INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Rodin D. Y.

    2015-09-01

    Full Text Available In this study, the authors have put the issue of development banking innovation through business process re-engineering in commercial bank. Application of the methodological approaches to the study of sustainable development of banking activity extends the boundaries of banking innovations. On the basis of business process reengineering, the strategic assets and liabilities management were proposed and we tested their optimal structure. Increase of sales of innovative field of credit, deposit and stock products with high customer value for clients leads to increasing economic value of added price of the banking Institute

  13. Non-bank financial institutions and economic growth: Evidence from Africa’s three largest economies

    Directory of Open Access Journals (Sweden)

    Ronald Rateiwa

    2017-05-01

    Aim: The aim of this article is to empirically test the existence of a long-run equilibrium relationship between economic growth and the development of NBFIs, and the causality thereof. Setting: The empirical assessment uses time-series data from Africa’s three largest economies, namely, Egypt, Nigeria and South Africa, over the period 1971–2013. Methods: This article uses the Johansen cointegration and vector error correction model within a country-specific setting. Results: The results showed that the long-run relationship between NBFI development and economic growth is relatively stronger in Egypt and South Africa, than in Nigeria. Evidence in respect of Nigeria shows that such a relationship is weak. The nature of the relationship between NBFI development and economic growth in Egypt is positive and significant, and predominantly bidirectional. This suggests that a virtuous relationship between NBFIs and economic growth exists in Egypt. In South Africa, the relationship is positive and significant and predominantly runs from NBFI development to economic growth, implying a supply-leading phenomenon. In Nigeria, the results are weak and mixed. Conclusion: The study concludes that in countries with more developed financial systems, the role of NBFIs and their importance to the economic growth process are more pronounced. Thus, there is need for developing policies targeted at developing the NBFI sector, given their potential to contribute to economic growth.

  14. Financial effect of instituting Deficit Reduction Act documentation requirements in family planning clinics in Oregon.

    Science.gov (United States)

    Rodriguez, Maria Isabel; Angus, Lisa; Elman, Emily; Darney, Philip D; Caughey, Aaron B

    2011-06-01

    The study was conducted to estimate the long-term costs for implementing citizenship documentation requirements in a Medicaid expansion program for family planning services in Oregon. A decision-analytic model was developed using two perspectives: the state and society. Our primary outcome was future reproductive health care costs due to pregnancy in the next 5 years. A Markov structure was utilized to capture multiple future pregnancies. Model inputs were retrieved from the existing literature and local hospital and Medicaid data related to reimbursements. One-way and multi-way sensitivity analyses were conducted. A Monte Carlo simulation was performed to simultaneously incorporate uncertainty from all of the model inputs. Screening for citizenship results in a loss of $3119 over 5 years ($39,382 vs. $42,501) for the state and $4209 for society ($63,391 compared to $59,182) for adult women. Among adolescents, requiring proof of identity and citizenship results in a loss of $3123 for the state ($39,378 versus $42,501) and $4214 for society ($63,391 instead of $59,177). Screening for citizenship status in publicly funded family planning clinics leads to financial losses for the state and society. Copyright © 2011 Elsevier Inc. All rights reserved.

  15. Intellectual capital in mergers and acquisitions: a case study in a world-class financial institution

    Directory of Open Access Journals (Sweden)

    Ricardo Vinícius Dias Jordão

    Full Text Available Abstract The objective of the research described in this paper was to analyse the implications of the merger between Itaú and Unibanco banks on the Intellectual Capital (IC of the Itaú Unibanco S/A Bank. The methodology comprised a qualitative and quantitative case study, in a descriptive approach, based on interviews (formal and informal and questionnaires applied to 225 top managers (directors, superintendents, regional managers and commercial general managers originated from these two banks. The research was complemented with direct observation and documental analysis. The following results were found after the merger: (i improvements were noted in all analysed indicators on the constituent elements of the IC (human capital, structural capital and relational capital, (ii Itaú Unibanco S/A Bank created, developed and acquired knowledge and know-how, and (iii these factors influenced corporative IC, supporting improvements in processes, systems, technology, brands, products and mainly in people, corporate image and the relationship of the company with the market, promoting significant financial results.

  16. Financial Assistance Information

    Science.gov (United States)

    ... Other Sites: Genetic and Rare Diseases Information Center Financial Assistance Information The National Institutes of Health (NIH) ... area call 900-638-0742. Top of page Financial Aid for Medical Treatments Information on financial aid ...

  17. Which strategies are used against insect pests: a survey in 120 institutions of public heritage

    Directory of Open Access Journals (Sweden)

    Grazia Nicosia

    2011-08-01

    Full Text Available A quantitative survey was conducted to identify the characteristics of infestations in contemporary art institutions. This survey helped us understanding the mechanism of infestation in French heritage institutions according to the type of institution. Our results show a correlation between the nature of the infestation, its understanding and the themes of the collection. This factual study provides a better assessment of institutions‘ risk management and their probable infestation depending on the type institution. Given these data, we are able to observe the typical features of contemporary art collections and their infestation by highlighting the fact that the insect is not only a pest, but is a constituent element of the artwork.

  18. Collaborative financial infrastructure protection

    CERN Document Server

    Baldoni, Roberto

    2012-01-01

    The Critical Infrastructure Protection Survey recently released by Symantec found that 53% of interviewed IT security experts from international companies experienced at least ten cyber attacks in the last five years, and financial institutions were often subject to some of the most sophisticated and large-scale cyber attacks and frauds. The book by Baldoni and Chockler analyzes the structure of software infrastructures found in the financial domain, their vulnerabilities to cyber attacks and the existing protection mechanisms. It then shows the advantages of sharing information among financia

  19. Excessive Competition and Exit of Small Rural Financial Institutions%过度竞争与农村小型金融机构退出

    Institute of Scientific and Technical Information of China (English)

    聂勇

    2011-01-01

    This article uses Salop's circular city model to make quantitative analysis on the market demand of small rural financial institutions.Research shows that excessive growth of small rural financial institutions may lead to excessive competition in the financial market,which can cause adverse selection or moral hazard and finally lead to the collapse of rural credit market.Therefore,strict scrutiny of market access should be carried out for small rural financial institutions,and an early warning should be made for problematic rural financial institutions.In addition,the market exit with market-based instruments should apply if rural financial institutions fail to effectively improve themselves within prescribed time limit.%文章采用萨乐普环行城市模型,定量分析了农村小型金融机构市场需求量。研究表明,超速增长的农村小型金融机构可能会导致农村金融市场的过度竞争现象,从而引起逆向选择或者是道德风险,最终导致农村信贷市场的崩溃。因此,对农村小型金融机构的市场准入要严格审查,对出现问题的农村金融机构要尽早预警,对在规定期限内仍不能实现有效改善的,要通过市场手段进行市场退出。

  20. An empirical analysis on the adoption of electronic banking in the financial institutes using structural, behavioral and contextual factors

    Directory of Open Access Journals (Sweden)

    Ali Akbar Ahmadi

    2012-08-01

    Full Text Available This research examines contextual, structural and organizational factors, which can facilitate or slow down adoption of innovation in Electronic Banking in the financial Institutions. Three-dimensional model co-structure, co-behavioral, contextual (3C is used in this research. This schema is a logical model in the categories of models and many of concepts, events and organizational phenomena can be examined. Structural factors including type of the organization of institution, work distribution, preparing mobilization of resources and equipment and risk of decision-making sophistication influence on adoption of Electronic Banking. There are four contextual factors, which contribute in adoption of Electronic Banking including goals, strategies, culture and common norms. The five Behavioral Factors, which affect on electronic banking are connections and relations, skills and personal characters of employees, education, job satisfaction and banking work process. By studying the mentioned factors, we have realized that contextual factors plays important role on adoption of electronic Banking by employee and the behavioral and structural factors have minor impacts. The mentioned proposals are methods, which facilitate the adoption of electronic banking in the country.

  1. Private Sector Investments from Small States in Emerging Markets: Can International Financial Institutions Help Handle the Risks?

    Directory of Open Access Journals (Sweden)

    Hilmar Þór Hilmarsson

    2008-12-01

    Full Text Available The private sector plays an important role in the economic reconstruction of emerging market economies, and international financial institutions (IFIs increasingly work in partnership with the private sector to increase economic growth and reduce poverty in those economies. IFIs, for example, offer: (i equity financing and/or loans for private sector projects, (ii investment guarantees against political risks (or non-commercial risks, (iii technical assistance, and (iv advisory services, etc. This article will briefly discuss the services that IFIs offer the private sector in emerging markets and cases in which these services could be useful for Icelandic companies. The institutions discussed are (i the World Bank Group, (ii the European Bank for Reconstruction and Development (EBRD, (iii the Asian Development Bank (AsDB, (iv the Inter-American Development Bank (IDB, and (v the African Development Bank (AfDB. A few Icelandic firms already have plans for relatively large projects in emerging market economies, especially in the energy sector, some of them in countries that could be classified as being risky. The ongoing economic crisis in Iceland will make project financing in emerging markets more problematic than before and therefore investments in partnership with international financial institutions could be an option that Icelandic firms will increasingly need to consider if they intend to invest abroad. However, increased private sector and IFI partnerships will not happen without government action. Iceland is a member of only two of the above-mentioned IFIs: the World Bank Group and the EBRD. The decision for Iceland to become member of the AsDB, IDB and AfDB rests solely with the government. Further government inaction in this area could become an impediment for foreign direct investment from Iceland to emerging markets and increase risks when the Icelandic private sector invests in those economies. Unnecessary risks might not only hurt

  2. Results of an Institutional LGBT Climate Survey at an Academic Medical Center.

    Science.gov (United States)

    Chester, Sean D; Ehrenfeld, Jesse M; Eckstrand, Kristen L

    2014-12-01

    The purpose of this study was to characterize the climate and culture experienced by lesbian, gay, bisexual, and transgender (LGBT) employees and students at one large academic medical center. An anonymous, online institutional climate survey was used to assess the attitudes and experiences of LGBT employees and students. There were 42 LGBT and 14 non-LGBT survey participants. Results revealed that a surprisingly large percentage of LGBT individuals experienced pressure to remain "closeted" and were harassed despite medical center policies of non-discrimination. Continuing training, inclusive policies and practices, and the development of mechanisms to address LGBT-specific harassment are necessary for improving institutional climate.

  3. Effect Of Leadership Behavior On The Performance Of Micro-Financial Institutions In Kakamega County.

    Directory of Open Access Journals (Sweden)

    Kisiangani Benson Walela

    2015-02-01

    Full Text Available Abstract Leadership behavior is key factor to performance of any organization. It is a human factor that enables a leader to influence the subordinates towards a given goal. Despite the increased emphasis on strong leadership behavior in teams there is a lack of integration concerning the relationship between leader behaviors and performance outcomes. Use of task-focused behaviors is related to perceived team effectiveness and productivity. The problem manifests itself in multiple ways in which senior managers are commonly in the wrong position relative to their strengths and therefore the positions remain vacant. There is little middle level management talent which in turn leads to a high turnover at all levels. This study sought to find out how leadership behavior affects the performance of micro-finance institutions. The study adopted a correlational study design which helped to establish the associations between and among the study variables.

  4. Environmental Survey preliminary report, National Institute for Petroleum and Energy Research, Bartlesville, Oklahoma

    Energy Technology Data Exchange (ETDEWEB)

    1989-01-01

    This report presents the preliminary findings of the first phase of the Environmental Survey of the US Department of Energy's (DOE) National Institute for Petroleum and Energy Research (NIPER), conducted February 29 through March 4, 1988. The Survey is being conducted by an interdisciplinary team of environmental specialists, led and managed by the Office of Environment, Safety and Health's Office of Environmental Audit. Team members are being provided by private contractors. The objective of the Survey is to identify environmental problems and areas of environmental risk associated with NIPER. The Survey covers all environmental media and all areas of environmental regulation. It is being performed in accordance with the DOE Environmental Survey Manual. The on-site phase of the Survey involves the review of existing site environmental data, observations of the operations carried on at NIPER and interviews with site personnel. 35 refs., 8 figs., 15 tabs.

  5. The use of fund accounting and the need for single fund reporting by institutional healthcare providers. Principles and Practices Board Statement No. 8. Healthcare Financial Management Association.

    Science.gov (United States)

    1986-06-01

    For many years, hospitals and other institutional healthcare providers used fund accounting as a basis for presenting their financial statements. Recently, authoritative literature has placed less emphasis on separate fund reporting. This is evidenced by the reduction of fund classifications specified in the literature. This trend seems to follow the recognition that institutional healthcare activities should be reported in a manner comparable to other businesses. The Principles and Practices Board (P&P Board) of the Healthcare Financial management Association believes that general purpose financial statements of institutional healthcare providers should be comparable to reporting by other businesses. That is, all assets, liabilities, and equity are presented in a single aggregated balance sheet without differentiation by fund. This form of presentation, referred to in this statement as single fund reporting, should be used by all institutional healthcare providers including those that are part of HMOs, universities, municipalities, and other larger entities when separate reports of the provider are issued. The P&P Board is studying other significant issues concerning the reporting of revenues and components of equity and changes therein. The conclusion in this statement can be implemented even though conclusions on these related subjects are not yet complete. The P&P Board recognizes that certain circumstances may require detailed records and reports for special purposes. This statement deals only with those general purpose financial statements on which an independent accountant's opinion is expressed.

  6. 微型金融机构信贷问题与对策研究%Research on the credit problem and countermeasures of the micro financial institutions

    Institute of Scientific and Technical Information of China (English)

    陈曦

    2014-01-01

    The main customers of micro financial institutions are not perfect,the lack of financial mortgage and guarantee,the information asymmetry Small and micro businesses and individuals,how to effectively manage credit risk,credit control credit business is the audit cost micro finance institutions problems. Through the analysis of the credit business of micro financial institutions facing problems,using loan commitment and relationship lending theory,put forward the countermeasure and suggestion to the existing credit problems in the micro financial institutions.%微型金融机构主要客户是财务不健全、缺少抵押与担保、信息严重不对称的小微企业与个人,如何有效管理信用风险、控制信贷审核成本是微型金融机构信贷业务亟待解决的问题。通过分析微型金融机构信贷业务面临的问题,利用贷款承诺与关系贷款理论,对微型金融机构信贷业务中存在的问题提出对策建议。

  7. 如何做好事业单位财务分析%HOW TO WORK WELL ON FINANCIAL ANALYSIS IN INSTITUTIONS

    Institute of Scientific and Technical Information of China (English)

    贾春梅

    2012-01-01

    事业单位财务分析是财务管理的重要组成部分,随着社会经济的发展,事业单位的资金来源和支出越来越复杂,需要有效的财务分析方法,才能更好地对事业单位的财务预算情况和支出情况进行分析研究,提供真实可靠的财务会计信息,为事业单位领导科学决策奠定重要的基础。事业单位财务会计分析过程中需要坚持正确性、结合性、针对性、目的性等方法,提高财务分析水平。%Financial analysis in institutions is an important part of financial management.With the development of social economy,the source of capital and expenses are becoming more and more complicated,the need for effective financial analysis methods is emerging so as to analyze the financial budget and expenses,and provide reliable financial accounting information for the scientific decision of leadership.And hence,it must be insisting on the methods such as correctness,combination,pertinence to improve the level of financial analysis during the financial accounting analysis process.

  8. On the Further Understanding Banking Financial Institutions, Financial Innovation and Risk Prevention%对银行业金融机构金融创新及其风险防范的再认识

    Institute of Scientific and Technical Information of China (English)

    阮银兰

    2012-01-01

    The article analyses the positive and negative effect of financial innovation and banking financial in- stitution innovation risk in current economic and financial environment, then puts forward new ideas:enhancing in- dependent innovation ability ; strengthening the construction of innovation mechanism ;improving innovation organiza- tion management system; establishing a scientific risk rating system; strengthening the information technology risk management ; strengthening the banking financial institution operation of financial industry specific measures, thereby in financial innovation. innovation business supervision and the international co- order to promote the healthy development of the banking%文章针对当前经济金融环境下金融创新的正负效应,银行业金融机构创新所面临的风险进行了分析,提出了更新理念,提升自主创新能力;加强创新机制建设,完善创新组织管理体系;建立科学风险评级体系;加强信息技术风险管理;加强对银行业金融机构创新业务的监管以及加强金融业国际间合作等具体措施,旨在促进银行业金融创新的健康发展。

  9. Survey on the Transferability of Associate's Degree to Four-Year Institutions.

    Science.gov (United States)

    Rubi, David C.

    In January 1994, the Arizona State Board of Directors for Community Colleges (ASBDCC) conducted a survey of state four-year systems nationwide to determine the existence of standards regarding the transferability of associate degrees and associate degree students' academic standing at receiving four-year institutions. Questionnaires were mailed to…

  10. A Survey of Internship Programs for Management Undergraduates in AACSB-Accredited Institutions

    Science.gov (United States)

    Kim, Eyong B.; Kim, Kijoo; Bzullak, Michael

    2012-01-01

    Purpose: The purpose of this paper is to survey the current status of internship programs for Management undergraduate students and to introduce a well-established internship program. Design/methodology/approach: A web page analysis was conducted on 473 institutions that have AACSB (the Association to Advance Collegiate Schools of Business)…

  11. Asking for Permission: A Survey of Copyright Workflows for Institutional Repositories

    Science.gov (United States)

    Hanlon, Ann; Ramirez, Marisa

    2011-01-01

    An online survey of institutional repository (IR) managers identified copyright clearance trends in staffing and workflows. The majority of respondents followed a mediated deposit model, and reported that library personnel, instead of authors, engaged in copyright clearance activities for IRs. The most common "information gaps" pertained to the…

  12. OWNERSHIP CONCENTRATION AND CORPORATE GOVERNANCE DISCLOSURE – THE CASE OF FINANCIAL INSTITUTIONS

    Directory of Open Access Journals (Sweden)

    Stefanescu Cristina Alexandrina

    2012-07-01

    Full Text Available Disclosure and the quality of corporate governance system are more often appreciated as closely related concepts - the higher the level of transparency, the better the quality corporate governance practices. As regards disclosure, if in a widely held company (ownership dispersion its role is to signal that the managers are acting in the best interests of the principals, in a highly concentrated company (ownership concentration, it comes to annihilate the conflicts of interest between “insiders” (controlling shareholders and managers and outside investors. Basing on this background, we focused on corporate governance disclosure, analyzing possible influences over it coming from corporate governance dimensions. Therefore, the objective of our paper is to identify possible associations between corporate governance features and the level of disclosure through annual reports in case of banking institutions listed at London Stock Exchange focusing on ownership concentration. Most empirical studies that have tested the correlation between ownership concentration and the level of disclosure reached to a negative relationship (Barako et al., 2006; Tsamenyi, et al., 2007; Haniffa and Cooke, 2002; Huafang and Jianguo, 2007; Patelli and Prencipe, 2007; Chau and Gray, 2002; Cooke, 1989. However, there are also studies that could not find any association (Arcay and Vazquez, 2005; Ghazali and Weetman, 2006; Holm and Scholer, 2010; Parsa, et al., 2007; Baek, et al., 2009; Makhija and Patton, 2004; Depoers, 2000. Basing both on assertions supported by the agency theory that companies with concentrated ownership do not have to rely on external disclosures to the same extent as companies with dispersed ownership, as well as on most prior empirical findings that provide evidence in this respect, we proposed the following hypothesis: “(H: There is a negative association between ownership concentration and the extent of disclosure”. The

  13. Academic institutional repositories in China:A survey of CALIS member libraries

    Institute of Scientific and Technical Information of China (English)

    Yongchao; ZHAO; Xiaoxia; YAO; Chengfu; WEI

    2012-01-01

    Purpose:China Academic Library&Information System(CALIS)planned to launch an institutional repository(IR)project to promote IR development and open access at colleges and universities in China.In order to get to know the current state of IRs in academic institutions,with the help of Peking University Library,CALIS Administrative Center conducted this survey.Design/methodology/approach:We conducted an online survey of CALIS member libraries.Findings:Firstly,the development of IRs at China’s colleges and universities is still in its infancy.Secondly,the Chinese colleges and universities have reached a consensus on the objective for having an IR.Thirdly,they are having high expectations of IR functions.Fourthly,they prefer to establish a centralized IR system at a minimum cost.Finally,there are both similarities and differences between the Chinese academic institutions and their counterparts in other countries in the state of IR development.Research limitations:The questionnaire needs to be improved because there is a lack of enough questions for those who do not plan to build an IR.Comparatively lower rate of valid questionnaire return can affect the accuracy of the results.It is hard to go into an in-depth discussion only based on the data collected from this questionnaire survey,and consequently,the findings from the survey can hardly present an accurate and comprehensive picture of the current state of IR development in the academic sector in China.Practical implications:The survey results provide essential foundation for CALIS IR project,and meanwhile the research can serve as a reference source for the future studies of the development of IRs at China’s colleges and universities.Originality/value:It is the first national survey focused on the development of IRs in academic institutions in China.

  14. 我国中小型金融机构运作模式探析%Our country small and medium-sized financial institutions operating mode analysis

    Institute of Scientific and Technical Information of China (English)

    吴雪; 熊英

    2015-01-01

    当前中小金融机构已经成为我国金融体系中不可替代、不可或缺的重要组成部分。在我国,中小金融机构对保持宏观经济的持续稳定增长、鼓励创新、稳定就业、增加税收等方面都发挥着极其重要的作用。但是通过解读中小金融机构运作模式内涵,发现了中小金融机构运作模式存在资产运营效率低下、人力资源管理机制不完善、市场定位不准确、分业经营制度抑制金融创新等问题。而导致这些问题的原因在于中小金融机构缺乏对内部控制的正确认识、缺少良好的外部环境、政府政策扶持力度小以及社会征信体系不完善等。因此,我们提出了完善中小金融机构金融法律法规、准确定位市场和客户、完善金融业统一的征信平台、加大政府支持力度等对策,希望能够促进我国中小金融机构的健康发展。%Small and medium-sized financial institutions has become the financial system of our country can not be replaced, the indispensable important component. In our country, small and medium-sized financial institutions play an extremely important role to maintain macroeconomic steady growth, encourage innovation, stable employment, raise taxes. But through the interpretation of the connotation of the small and medium-sized financial institutions operating mode, discovered the existence of small and medium-sized financial institutions operating mode assets operation efficiency is low, human resources management mechanism is imperfect, the market localization is not accurate, separate operation system restrain the financial innovation and so on. The reason of these problems lies in the lack of a correct understanding of internal control of small and medium-sized financial institutions, the lack of a good external environment, the government's policy support is insufficient, imperfect social credit system. As a result, we put forward countermeasures to

  15. "Not Just for the Money?" How Financial Incentives Affect the Number of Publications at Danish Research Institutions

    DEFF Research Database (Denmark)

    Andersen, Lotte Bøgh; Pallesen, Thomas

    2008-01-01

    Do public employees work "for the money?" Do financial incentives determine their work effort? The literature gives conflicting answers, but Frey (1997) offers a possible explanation: If financial incentives are perceived as supportive, they can "crowd in" intrinsic motivation and increase the work...... effort. But if financial incentives are perceived as controlling, the intrinsic motivation is "crowded out," and the work effort decreases with increasing financial incentives to work. However, the empirical evidence concerning Frey's proposition is limited, and our article aims to fill part of this gap...... that the more supportive employees consider the incentives to be, the more financial incentives motivate researchers to increase publication....

  16. APPLICABILITY OF A STRATEGIC MAP UNDER THE PERSPECTIVE OF CRITICAL FACTORS FOR PROJECT MANAGEMENT MATURITY AT A LARGE FINANCIAL INSTITUTION

    Directory of Open Access Journals (Sweden)

    Sady Darcy da Silva Junior

    2012-01-01

    Full Text Available Project Management and Strategic Management are two subjects of major relevance within the corporate environment, despite usually being treated separately, at organizations. However, for Westphal et al. (2008 one of the ways to link project management and strategy is through project management maturity, and to this effect, a series of actions that can be characterized as critical factors (Rabechini Jr. & Pessoa, 2005 are required. Another way of seeking this connection is by means of the strategic map concept which, according to Kaplan and Norton (2004, p.10, “represents the lost link between strategy formulation and the execution of the strategy”. In this study the purpose is to evaluate the applicability of a strategic map, from a critical factors perspective, on project management maturity, as proposed by Silva Jr. and Luciano (2010. Thus a qualitative and exploratory approach case study was conducted at a large financial institution, where three interview scripts were applied on nine professionals, whereby three were leaders, three were project managers and three, functional managers. Furthermore, a graphical representation standard was designed picturing possible situations concerning the applicability of strategic objectives of the map proposed in the case under study. As a result, an important academic contribution to the vague and scarce literature on the relationship between project management and organizational strategy was verified, in addition to mapping possibilities of improvements for the organization, which otherwise might have been impossible to identify.

  17. the current situation, the impact and supervision direction of Internet financial business for Non-financial institutions%非金融机构开展互联网金融的现况、影响及监管

    Institute of Scientific and Technical Information of China (English)

    杨君

    2016-01-01

    the rise of Internet financial business by non-financial institutions has been in boom since 2005, non-financial institutions provide online financial services and business, which mainly includes "pay" and "investment and financing" categories, with four forms: the third party payment, fund sales, P2P network lending, crowd funding. Those Internet financial business, although can accelerate the pace of domestic financial sector restructuring, and meet the investment and financing needs of small and medium enterprises and individuals who cannot obtain it from traditional banks, however, because of its excessive development, inadequate supervision, result in frequent lending network failures, which is not conducive to financial stability, and many other negative effects. Given this context, we need competent authorities to study and enact related laws, strengthen supervision, and allow these non financial institutions to transform into a regular commercial bank.%2005年开始,国内兴起非金融机构经营互联网金融业务的热潮。非金融机构提供在线互联网金融服务,经营业务主要包括“支付”与“投、融资”两大类,其形态主要有四:第三方支付、基金销售、P2P网络借贷,以及众筹。非金融机构经营互联网金融,虽可加快国内金融业转型的步伐,并满足中小企业及个人无法自银行取得资金的投、融资需求,但也因发展过速,监管不足,致使网络借贷倒闭事件频传,不利于金融稳定等诸多负面效应。为此,需要主管机关研究制定与互联网金融相关的法律,加强监管,并准许这些非金融机构转型为正规商业银行。

  18. 金融生态环境的新制度经济学分析%Analysis on Financial Ecological Environment from the Perspective of Modern Institutional Economics

    Institute of Scientific and Technical Information of China (English)

    梁礼广; 洪利

    2012-01-01

      金融生态环境具有复杂系统性和动态演化性,健康的金融生态环境对经济社会的发展具有强大的驱动作用。透视政府治理、经济基础、金融发展和制度文化四大子环境系统,多种指标分析折射出当前金融生态系统的脆弱性。对此,要优化金融生态环境,基于新制度经济学视角的精细化制度安排和渐进式制度供给显得尤为重要,要着力清除政府治理、经济基础、金融发展和制度文化中干扰金融生态系统平衡的成分。%  Financial ecological environment is a complex and dynamical system. A healthy financial ecological environment has powerful effects on the development of economy. By analy sing related data in the subsystems of government management, eco-nomic foundation, financial development and institutional culture, the study finds that the current financial ecological environ-ment is not healthy. In order to optimize the financial ecological environment, it is important to establish fine institutions, to remove the obstacles in government management, economic foundation, financial development and institutional culture.

  19. Individual and institutional determinants of caesarean section in referral hospitals in Senegal and Mali: a cross-sectional epidemiological survey

    Directory of Open Access Journals (Sweden)

    Briand Valérie

    2012-10-01

    Full Text Available Abstract Background Two years after implementing the free-CS policy, we assessed the non-financial factors associated with caesarean section (CS in women managed by referral hospitals in Senegal and Mali. Methods We conducted a cross-sectional survey nested in a cluster trial (QUARITE trial in 41 referral hospitals in Senegal and Mali (10/01/2007–10/01/2008. Data were collected regarding women’s characteristics and on available institutional resources. Individual and institutional factors independently associated with emergency (before labour, intrapartum and elective CS were determined using a hierarchical logistic mixed model. Results Among 86 505 women, 14% delivered by intrapartum CS, 3% by emergency CS and 2% by elective CS. For intrapartum, emergency and elective CS, the main maternal risk factors were, respectively: previous CS, referral from another facility and suspected cephalopelvic-disproportion (adjusted Odds Ratios from 2.8 to 8.9; vaginal bleeding near full term, hypertensive disorders, previous CS and premature rupture of membranes (adjusted ORs from 3.9 to 10.2; previous CS (adjusted OR=19.2 [17.2-21.6]. Access to adult and neonatal intensive care, a 24-h/day anaesthetist and number of annual deliveries per hospital were independent factors that affected CS rates according to degree of urgency. The presence of obstetricians and/or medical-anaesthetists was associated with an increased risk of elective CS (adjusted ORs [95%CI] = 4.8 [2.6-8.8] to 9.4 [5.1-17.1]. Conclusions We confirm the significant effect of well-known maternal risk factors affecting the mode of delivery. Available resources at the institutional level and the degree of urgency of CS should be taken into account in analysing CS rates in this context.

  20. FINANCIAL MECHANISMS OF FINANCIAL CRISES

    Directory of Open Access Journals (Sweden)

    Ivan LUCHIAN

    2016-07-01

    Full Text Available The actuality of this article is determined by the need to demonstrate that financial crisis is not just an issue of economic disaster caused by contagion effect of financial cataclysm, expressed in national currency depreciation, depletion of foreign exchange reserves, mass bankruptcy of financial institutions, non-market entities insolvency and impossibility of sovereign debt servicing, but a special investment opportunity with associated characteristics of profitability. Central aims of article is research of financial crisis essence, investment mechanisms linked to existing fundamental laws of its conduct and determination of investment opportunities manifested in various segments of financial market and related sectors. Main research methods were: systemic analysis, statistical analysis, monographic and logic synthesis, etc. Main scientific results obtained in the article, due to research are to identify, analyze and demonstrate investment opportunities of international financial crisis and financial crises in Moldova.

  1. Research on Financial Governance of Scientific Research Assets in Institutions of High Learning%高等院校科研资产财务治理研究

    Institute of Scientific and Technical Information of China (English)

    赵华

    2014-01-01

    In the light of relevant theories of financial governance organization,assets financial regulation,this article carries out a thoroughly systematic research on the current status of the financial governance of scientific research assets in institutions of high learning,existing problems and efficient supervision measures.It is deemed that it is of great realistic significance to strengthen the financial governance of the scientific research assets so as to upgrade the service efficiency of the state assets and the level of financial governance in the institutions of high learning.In order to provide some theoretical support and practical guidance for the financial governance of scientific research assets,the article uncovers the features and functions of the financial governance of scientific research assets,analyses the existing problems and causative factors,and put forward some effective supervision measures.%文章运用组织财务治理、资产财务监管理论对高等院校科研资产财务治理的现状、问题及有效监管措施进行了系统、深入研究,认为强化科研资产财务治理对提高高等院校国有资产使用效率及财务治理水平具有十分重要的现实意义。文章揭示了科研资产财务治理的特征及功能,分析了科研资产财务治理的问题及成因,提出了科研资产财务治理的有效治理措施,旨在为高等院校科研资产财务治理提供一定的理论支持及实际指导。

  2. 金融机构企业社会责任评价研究%A Study on Evaluation on Enterprise Social Responsibility of Financial Institutions

    Institute of Scientific and Technical Information of China (English)

    张志暹

    2012-01-01

    金融机构作为企业公民,实现经济、社会、环境有机统一和可持续发展是其理应承担的社会责任,也是实现可持续发展的必然选择。本文针对我国金融机构社会责任缺乏统一评价体系的问题,依据利益相关者理论,建立了一套金融机构社会责任评价指标体系,并对金融机构履行社会责任状况进行了量化评估分析,评估结果显示:金融机构对社会责任的履行意愿增强、金融机构履行社会责任的行业特点较为明显、主动参与公益慈善活动的积极性不断提高。%As one of enterprise citizens, financial institutions should bear the social responsibility to realize the organic unification of economy, society and environment and sustainable development, which is the necessary choice to realize the sustainable development. Aiming at problems that there is no unified system to evaluate social responsibility of financial institutions in China, according to the theory on interest co-relationship, the paper establishes a set of evaluation index system of social responsibility of financial institu- tions, and makes a quantitive evaluation and analysis on the performance of social responsibility of financial institutions. The evaluation results show that the will of financial institutions' implementing social responsibility is increasing, the industrial characteristics is distinct, and the enthusiasm to actively take part in commonweal and charity is advanced.

  3. The Political Influence in the International Financial System

    National Research Council Canada - National Science Library

    Denis Degtyarev

    2016-01-01

    .... It shows the dualistic nature of international financial institutions, which, on the one hand, represent intergovernmental organizations and, on the other hand, are financial institutions with financial goals...

  4. Financial Inclusion, Financial Regulation, and Financial Education in Thailand

    OpenAIRE

    Tambunlertchai, Kanittha

    2015-01-01

    This paper addresses the issue of financial inclusion in Thailand through the lens of an institutional analysis, which takes into consideration the desired outcomes, the service providers and enabling agencies, and the regulatory context that shape the existing provision of financial inclusion in Thailand. In discussing the achievement of the desired outcomes in terms of financial inclusion, the issues of financial education and financial regulation, which provide the contexts within which th...

  5. Use of a Novel Accounting and Grouping Method for Major Trunk Injury-Analysis of Data from a Statewide Trauma Financial Survey.

    Science.gov (United States)

    Joubert, Kyla D; Mabry, Charles D; Kalkwarf, Kyle J; Betzold, Richard D; Spencer, Horace J; Spinks, Kara M; Porter, Austin; Karim, Saleema; Robertson, Ronald D; Sutherland, Michael J; Maxson, Robert T

    2016-09-01

    Major trunk trauma is common and costly, but comparisons of costs between trauma centers (TCs) are rare. Understanding cost is essential to improve quality, manage trauma service lines, and to facilitate institutional commitment for trauma. We have used results of a statewide trauma financial survey of Levels I to IV TC to develop a useful grouping method for costs and clinical characteristics of major trunk trauma. The trauma financial survey collected billing and clinical data on 75 per cent of the state trauma registry patients for fiscal year 2012. Cost was calculated by separately accounting for embedded costs of trauma response and verification, and then adjusting reasonable costs from the Medicare cost report for each TC. The cost-to-charge ratios were then recalculated and used to determine uniform cost estimates for each patient. From the 13,215 patients submitted for the survey, we selected 1,094 patients with major trunk trauma: lengths of stay ≥ 48 hours and a maximum injury of AIS ≥3 for either thorax or abdominal trauma. These patients were then divided into three Injury Severity Score (ISS) groups of 9 to 15, 16 to 24, or 25+ to stratify patients into similar injury groups for analysis of cost and cost drivers. For abdominal injury, average total cost for patients with ISS 9 to 15 was $17,429. Total cost and cost per day increased with severity of injury, with $51,585 being the total cost for those with ISS 25. Similar trends existed for thoracic injury. Use of the Medicare cost report and cost-to-charge ratios to compute uniform costs with an innovative grouping method applied to data collected across a statewide trauma system provides unique information regarding cost and outcomes, which affects quality improvement, trauma service line management, and decisions on TC participation.

  6. Importance of Non-banking Financial Institutions and of the Capital Markets in the Economy. The Case of Romania

    Directory of Open Access Journals (Sweden)

    Marilen Pirtea

    2008-05-01

    Full Text Available Deep and broad financial markets facilitate savings mobilization, by offering both individuals and insitutional savers and investors additional instruments and channels for placement of their funds at more attractive returns than are available on bank deposits. Bank and non-bank financial intermediation are both key elements of a sound and stable financial system. Both sectors need to be developed as they offer important synergies, meant to foster economical growth. While banks dominate the financial systems in most countries, business, households, and the public sector rely on the availability of a wide range of financial products to meet their financial needs. Such products are not provided only by banks, but also by insurance, leasing, factoring, and venture capital companies as well as mutual funds or pension funds.

  7. Process and effects of financial liberalization in transition countries: A selective literature survey

    Directory of Open Access Journals (Sweden)

    Berthomieu Claude

    2009-01-01

    Full Text Available This paper aims at reviewing selected literature on (1 structural financial changes observed in a large sample of transition economies in the Central and/or Oriental Europe during the last two decades, (2 efficiency of this financial liberalization in relative terms (in macroeconomic sense, and (3 impact of liberalization on financial problems of small and medium-size enterprises, a specific 'puzzle' concerning this very important economic sector as for its role in the employment and growth of these economies.

  8. Brief Discussion on Financial Management of Primary Medical Institution%浅谈基层医疗机构财务管理

    Institute of Scientific and Technical Information of China (English)

    刘丽娟

    2011-01-01

    Financial management has become important constituent part in management of primary medical institution. Aiming at existent problems of contempt, unscientific, weak of controlling financial and analysis system, the author put forward suggestions of building financial management system and strengthening construction of information network.%当前,基层医疗机构财务管理已成为基层医疗机构管理活动中的重要组成部分。针对现阶段基层医疗机构财务管理运作中存在的重视不够、预算方法不够科学、单位财务控制与分析体系相对薄弱等问题,提出了建立健全财务管理制度、加强信息网络建设等若干建议。

  9. Financial research support for ecotoxicology and environmental chemistry in Germany. Results of an online survey; Foerdersituation oekotoxikologischer und umweltchemischer Forschung in Deutschland. Ergebnisse einer Online-Befragung

    Energy Technology Data Exchange (ETDEWEB)

    Hollert, Henner; Schiwy, Andreas [RWTH Aachen University, Department of Ecosystem Analysis, Institute for Environmental Research (Biology V), Aachen (Germany); Filser, Juliane [University of Bremen, UFT, Department of General and Theoretical Ecology, Bremen (Germany); Haeussling, Roger [RWTH Aachen University, Sociology of Technology and Organization, Institute of Sociology, Aachen (Germany); Hein, Michaela [Helmholtz Centre for Environmental Research - UFZ, CITE (Chemicals In The Environment), Department Bioanalytical Ecotoxicology, Leipzig (Germany); Matthies, Michael [University of Osnabrueck, Institute for Environmental System Research, Osnabrueck (Germany); Oehlmann, Joerg [Goethe University Frankfurt am Main, Department Aquatic Ecotoxicology, Institute for Ecology, Evolution and Diversity, Frankfurt am Main (Germany); Ratte, Hans-Toni; Ross-Nickoll, Martina; Schaeffer, Andreas [RWTH Aachen University, Chair for Environmental Biology and Chemodynamics, Institute for Environmental Research (Biology V), Aachen (Germany); Scheringer, Martin [ETH Zuerich, HCI G 127, Safety and Environmental Technology Group, Zuerich (Switzerland)

    2011-12-15

    In recent years several initiatives addressed the inadequate financial support of pollutant-related environmental research in the Federal Republic of Germany. For an objective analysis about the research funding in ecotoxicology and environmental chemistry in Germany, an anonymous online survey was prepared. With support of the Society of Environmental Toxicology and Chemistry (SETAC) - German Language Branch and the German Chemical Society (GDCh) - Division of Environmental Chemistry and Ecotoxicology an invitation to participate in the survey was sent to all members of these two major associations for ecotoxicology and environmental chemistry in Germany (D), Switzerland (CH) and Austria (A). Only senior staff from the areas academics, government and industry was invited. The present article introduces the results of the survey. It is segmented in a section on socio-economic characterization of the participants, a section on support of research by the DFG and a section on funding by other funding organizations. A total of 71 male and female scientists in senior positions from various areas participated in the survey. The results revealed that the participants are to be classified as having excellent records. 48.5 % of the respondents had submitted at least one research proposal to the DFG in the past, but one third actually received financial support by the DFG. 64% are not satisfied with the DFG support of pollutantrelated research, only 7 % are satisfied. It turned out that the research proposals are generally very heterogeneous and thus distributed to various units of the DFG with geosciences, water research and chemistry ranking highest, followed by biology and ecology. 91.2 % of the respondents indicated that they have submitted proposals for research funding to other funding institutions (except the DFG), and 83.6 % already have received appropriate external funding. 62.3 % of the scientists believe that overall support for chemicals-related research in

  10. Cooperation or Competition: An Evolutionary Game Study between Commercial Banks and Big Data-Based E-Commerce Financial Institutions in China

    OpenAIRE

    Yi Zhao; Dong Li; Liqiang Pan

    2015-01-01

    On the premise of participants’ bounded rationality and information asymmetry, this paper focuses on the cooperation or competition relationship between Chinese e-commerce financial institutions and commercial banks from the perspective of dynamic game. Theoretical mathematical model is built to analyze an evolutionary stable strategy under different conditions. We adopt real-life data set collected in Alibaba’s network credit loan business case and Jingdong’s supply chain financing business ...

  11. Impact of a Computer System and the Encoding Staff Organization on the Encoding Stays and on Health Institution Financial Production in France.

    Science.gov (United States)

    Sarazin, Marianne; El Merini, Amine; Staccini, Pascal

    2016-01-01

    In France, medicalization of information systems program (PMSI) is an essential tool for the management planning and funding of health. The performance of encoding data inherent to hospital stays has become a major challenge for health institutions. Some studies have highlighted the impact of organizations set up on encoding quality and financial production. The aim of this study is to evaluate a computerized information system and new staff organization impact for treatment of the encoded information.

  12. Factors that may contribute to the establishment of mobile learning in institutions – Results from a Survey

    OpenAIRE

    Olaf Zawacki-Richter; Tom Brown; Rhena Delport

    2007-01-01

    This paper reports on a survey investigating the role that differences in expectations and perceptions of mobile learning and mobile devices play in establishing mobile learning at an educational institution, Responses from institutions with no institutional plans for mobile learning and others that do plan or currently have developed mobile learning programmes were compared. Various factors that may contribute to the establishment of mobile learning in educational institutions were therefore...

  13. Restoring balance to industry-academia relationships in an era of institutional financial conflicts of interest: promoting research while maintaining trust.

    Science.gov (United States)

    Johns, Michael M E; Barnes, Mark; Florencio, Patrik S

    2003-02-12

    Economic partnerships between industry and academia accelerate medical innovation and enhance patient access to medical advances, but such partnerships have sometimes eroded public trust in the research enterprise. There is particular risk for conflict of interest when economic partnerships extend beyond a university's corporate interests to involve institutional decision makers. Institutions and institutional decision makers should fully disclose industry-related financial interests and relationships. Without legitimate justification for such interests, individuals should divest themselves from these interests or recuse themselves from responsibility for research oversight. Management of institutional partnerships also might entail the physical separation of certain facilities, the placement of restrictions on information shared between investment and research staffs, and provision of oversight by independent review panels made up of persons who have expertise in intellectual property, finance, and research, but who are not financially or otherwise dependent on the institution. Through these means, it is possible to restore balance to industry-academia relationships, thereby promoting progress while maintaining public trust in research.

  14. Uncertainty and risk management after the Great Moderation: the role of risk (mis)management by financial institutions

    NARCIS (Netherlands)

    Blommestein, H.J.; Hoogduin, L.H.; Peeters, J.J.W.

    2009-01-01

    Since the early eighties volatility of GDP and inflation has been declining steadily in many countries. Financial innovation has been identified as one of the key factors driving this „Great Moderation‟. Financial innovation was considered to have improved significantly the allocation and sharing of

  15. Financial Autonomy as a Necessary Condition for the Functioning of Public Institutions of Higher Education in Ukraine

    Directory of Open Access Journals (Sweden)

    Vynogradnya Vita

    2016-11-01

    Full Text Available The article analyzes the main directions of development of financial autonomy of universities. The alternative sources of funding universities in terms of the lack of funding are determined. It has been found out that the proper organization of financial structure and expansion of the areas of fundraising by universities contributes to their competitiveness.

  16. Uncertainty and risk management after the Great Moderation: the role of risk (mis)management by financial institutions

    NARCIS (Netherlands)

    H.J. Blommestein; L.H. Hoogduin; J.J.W. Peeters

    2009-01-01

    Since the early eighties volatility of GDP and inflation has been declining steadily in many countries. Financial innovation has been identified as one of the key factors driving this „Great Moderation‟. Financial innovation was considered to have improved significantly the allocation and sharing of

  17. 2008 Key Student Outcomes Indicators for BC Diploma, Associate Degree, and Certificate Programs: Survey Results by Institution

    Science.gov (United States)

    Ministry of Advanced Education and Labour Market Development, 2009

    2009-01-01

    The BC Diploma, Associate Degree, and Certificate Student Outcomes (DACSO) Survey (formerly the BC College and Institute Student Outcomes Survey) collects and disseminates information about former students' post-secondary experiences and their subsequent labour market and further education experiences. The survey is administered annually to former…

  18. 2008 Key Student Outcomes Indicators for BC Diploma, Associate Degree, and Certificate Programs: Survey Results by Institution

    Science.gov (United States)

    Ministry of Advanced Education and Labour Market Development, 2009

    2009-01-01

    The BC Diploma, Associate Degree, and Certificate Student Outcomes (DACSO) Survey (formerly the BC College and Institute Student Outcomes Survey) collects and disseminates information about former students' post-secondary experiences and their subsequent labour market and further education experiences. The survey is administered annually to former…

  19. REFLECTIONS ON STRENGTHENING THE FINANCIAL INTERNAL CONTROLS IN RESEARCH INSTITUTES%对强化科研单位财务内部控制的思考

    Institute of Scientific and Technical Information of China (English)

    王义明

    2014-01-01

    强化财务内部控制,是加强科研单位管理,提高工作效率,防止疏漏舞弊及腐败,使科技创新在安全、健康的轨道上发展的有效方法。该文在分析科研单位财务内部控制存在问题的基础上,提出5个方面强化科研单位财务内部控制的措施。%Strengthening the financial internal controls is an effective way to enhance the management in agricultur-al scientific research institutes,improve work efficiency,and prevent fraud and corruption which can guarantee the technology innovation in a safe and right way. This paper analyzed the problems existing in the financial internal controls in scientific research institutes,and put forward some countermeasures in five aspects to strengthening the financial internal controls in scientific research institutes.

  20. Financial Sector Assessment : Malaysia

    OpenAIRE

    World Bank

    2013-01-01

    Malaysia, as many of its Asian neighbors, experienced significant macro/financial distress in the late 1990s. The transformed and strengthened financial sector has been able to weather the recent global financial crisis well. Financial market intermediaries reliance on cross-border and interbank funding remains limited. Banking institutions are well capitalized and are expected to be able...

  1. Financial Risk Management

    OpenAIRE

    Catalin-Florinel Stanescu; Laurentiu Mircea Simion

    2011-01-01

    Concerns about the financial risk is increasing. In this climate, companies of all types and sizes want a robust framework for financial risk management to meet compliance requirements, contribute to better decision making and increase performance. Financial risk management professionals working with financial institutions and other corporate clients to achieve these objectives.

  2. Analysis of the Institutional Transformation of the Russian Financial Market Control System by Creating a Mega-regulator

    National Research Council Canada - National Science Library

    Olesya Nikonets; Victoria Mandron; Anna Rulinskaya; Yulia Karavaeva; Marina Muravieva; Irina Panina

    2016-01-01

    .... This paper has also specified the stages of the financial market management system reformation, which allow to estimate the level of supervision integration for Russia over the period from 1991 to 2015...

  3. 5 CFR 5501.110 - Prohibited financial interests applicable to senior employees of the National Institutes of Health.

    Science.gov (United States)

    2010-01-01

    ...) Definitions. For purposes of this section: (1) Senior employee means the Director and the Deputy Director of... financial interest in connection with the development and commercialization of invention rights obtained...

  4. 29 CFR 2550.408b-6 - Statutory exemption for ancillary services by a bank or similar financial institution.

    Science.gov (United States)

    2010-07-01

    ... service is consistent with sound banking and financial practice, as determined by Federal or State.... See, for example, section 401 of the Internal Revenue Code of 1954. The provisions of section 408(b)(6...

  5. The ECB’s survey of professional forecasters and financial market volatility in the euro area

    NARCIS (Netherlands)

    Arnold, I.J.M.; Glasbeek, M.

    2011-01-01

    Since 1999, the European Central Bank (ECB) conducts a quarterly survey of the economic outlook in the euro area among professional forecasters. This article investigates the relationship between macroeconomic uncertainty, measured as the dispersion in economic forecasts across survey participants,

  6. Research on the Management and Development of Small-scale Rural Financial Institutions%农村小型金融机构管理和发展研究——以东海村镇银行为例

    Institute of Scientific and Technical Information of China (English)

    戴薇

    2011-01-01

    With the banks in Donghai County for example, the management and development of small-scale rural financial institutions were studied, based on the field survey and the three management principles of rural banks, their development status and factors were analyzed and some political suggestions were proposed.%以东海村镇银行为例,研究农村小型金融机构的管理和发展,基于实地调研的基础上,从村镇银行经营的“三性”原则角度,分析了村镇银行的发展状况及影响其发展的因素,并提出了相应的政策建议.

  7. Hurdles in tissue engineering/regenerative medicine product commercialization: a pilot survey of governmental funding agencies and the financial industry.

    Science.gov (United States)

    Bertram, Timothy A; Tentoff, Edward; Johnson, Peter C; Tawil, Bill; Van Dyke, Mark; Hellman, Kiki B

    2012-11-01

    The Tissue Engineering and Regenerative Medicine International Society of the Americas (TERMIS-AM) Industry Committee conducted a semiquantitative opinion survey in 2010 to delineate potential hurdles to commercialization perceived by the TERMIS constituency groups that participate in the stream of technology commercialization (academia, start-up companies, development-stage companies, and established companies). A significant hurdle identified consistently by each group was access to capital for advancing potential technologies into development pathways leading to commercialization. A follow-on survey was developed by the TERMIS-AM Industry Committee to evaluate the financial industry's perspectives on investing in regenerative medical technologies. The survey, composed of 15 questions, was developed and provided to 37 investment organizations in one of three sectors (governmental, private, and public investors). The survey was anonymous and confidential with sector designation the only identifying feature of each respondent's organization. Approximately 80% of the survey was composed of respondents from the public (n=14) and private (n=15) sectors. Each respondent represents one investment organization with the potential of multiple participants participating to form the organization's response. The remaining organizations represented governmental agencies (n=8). Results from this survey indicate that a high percentage ($2MM into regenerative medical companies at the different stages of a company's life cycle. Investors recognized major hurdles to this emerging industry, including regulatory pathway, clinical translation, and reimbursement of these new products. Investments in regenerative technologies have been cyclical over the past 10-15 years, but investors recognized a 1-5-year investment period before the exit via Merger and Acquisition (M&A). Investors considered musculoskeletal products and their top technology choice with companies in the clinical stage

  8. A survey on the effects of the exchange rate changes and financial flexibility on the usage of financial leverage in accepted companies of Tehran stock exchange

    Directory of Open Access Journals (Sweden)

    Hamid Mahmoodabadi

    2013-04-01

    Full Text Available In the present study we try to examine the exchange rate changes and  financial flexibility as the economic stable indexes on the financial leverage  use in the companies so the main issue in this study is to define the financial leverage relation with  exchange rate changes and financial flexibility. That is why 88 companies of the companies listed in Tehran stock exchange in 2005–2011. The study type is descriptive–correlative and the multivariable linear regression was used to analyze the data. The findings from the hypotheses test state there is a significant relation between financial leverage and financial flexibility while there isn't relation between financial leverage and exchange rate changes.

  9. Acceptance and use of health information technology in Slovenian public health institutions: a national survey based on UTAUT model

    National Research Council Canada - National Science Library

    Matej Vinko; Špela Brecelj; Ivan Eržen; Dejan Dinevski

    2013-01-01

    ... (IT) in Slovenian public healthcare institutions. To our knowledge, this is the first national survey to estimate the willingness of employees to welcome new technology into their work routine. Methods...

  10. The impact of institutional ethics on academic health sciences library leadership: a survey of academic health sciences library directors.

    Science.gov (United States)

    Tooey, Mary Joan M J; Arnold, Gretchen N

    2014-10-01

    Ethical behavior in libraries goes beyond service to users. Academic health sciences library directors may need to adhere to the ethical guidelines and rules of their institutions. Does the unique environment of an academic health center imply different ethical considerations? Do the ethical policies of institutions affect these library leaders? Do their personal ethical considerations have an impact as well? In December 2013, a survey regarding the impact of institutional ethics was sent to the director members of the Association of Academic Health Sciences Libraries. The objective was to determine the impact of institutional ethics on these leaders, whether through personal conviction or institutional imperative.

  11. Factors influencing dental students' specialty choice: a survey of ten graduating classes at one institution.

    Science.gov (United States)

    Shin, Jane H; Kinnunen, Taru H; Zarchy, Marisa; Da Silva, John D; Chang, Brian Myung W; Wright, Robert F

    2015-04-01

    The aim of this study was to survey ten graduating classes at Harvard School of Dental Medicine regarding students' specialty choice and factors influencing that choice. Students were surveyed once in 2008 (for the Classes of 2007-11) and again in 2013 (for the Classes of 2012-16). A prior article reported results regarding students' interest in and experiences with prosthodontics; this article presents results regarding their interest in all dental specialties and factors influencing those interests. Of a total 176 students in the Classes of 2012-16, 143 responded to the survey, for a response rate of 81%, compared to a 95% response rate (167 of total 176 students) for the Classes of 2007-11. The results showed that orthodontics was the most popular specialty choice, followed by oral and maxillofacial surgery. From the 2008 to the 2013 survey groups, there was an increase in the percentages of students planning to pursue oral and maxillofacial surgery, pediatric dentistry, and postdoctoral general dentistry. The educational debt these students expected to accrue by graduation also increased. The largest percentage of students chose "enjoyment of providing the specialty service" as the factor most influencing their specialty choice. "Prior dental school experience" and "faculty influence" were greater influences for students pursuing specialties than those pursuing postdoctoral general dentistry. Increased interest in particular disciplines may be driven by high debt burdens students face upon graduation. Factors related to mentoring especially influenced students pursuing specialties, demonstrating the importance of student experiences outside direct patient care for exposure to the work of specialists beyond the scope of predoctoral training. This finding suggests that dental schools should increase mentoring efforts to help students make career decisions based not on financial burden but rather on personal interest in the specialty, which is likely to have a

  12. Organizational climate survey: management model tool on continuous improvement promotion in Finantial Institutional Environment

    Directory of Open Access Journals (Sweden)

    Alex Amancio da Silva

    2016-06-01

    Full Text Available The organizational climate survey has been an important tool in the corporate world, the way in which the institutions can assess and ascertain through the results, the degree of satisfaction of its employees and look through plan of action, achieve better results in both performance and production. Through an empirical research, exploratory qualitative research, with collection of secondary data, it was found that the implementation of the organizational climate survey, "Speak Frankly" from Itaú Unibanco, it could analyze data and make a plan of effective action aiming at continuous improvement in the organizational environment, serving as personnel management model. The results were favorable in the period from year 2012 to 2014 with an increase of the degree of satisfaction in four 4% and maintained excellent adherence to answer questions reaching 90% the number of employees.

  13. The Master's Program in Information Systems (IS): A Survey of Core Curriculums of U.S. Institutions

    Science.gov (United States)

    Yang, Samuel C.

    2012-01-01

    This author investigated the present state of information systems (IS) master's programs in the United States. A total of 273 institutions were surveyed and 99 institutions were included in the final study population. The results show that 5 out of 8 master of science in information systems (MSIS) 2006 courses are required by less than 50% of…

  14. How to Guard Against and Defuse Risk Cases for Financial Institutions%浅析金融机构如何防范化解案件风险

    Institute of Scientific and Technical Information of China (English)

    柳晓精

    2011-01-01

    本文以近年来银行业案件高发为切入点,全面阐述了当前金融机构案件防控所面临的形势,深入剖析了金融机构案件风险原因,并在此基础上提出了遏制案件发生的一些建议.%Taking the high trequency ot the case crime of bank in recent years as the breakthrough point, this paper expounds the situation of prevention and control that the current financial institutions case face, explores the reason for case risk in financial organizations, and proposes some suggestions in this foundation.

  15. Central banking and financial innovation. A survey of the modern literature

    Directory of Open Access Journals (Sweden)

    Jan Marc Berk

    2002-09-01

    Full Text Available We review the literature regarding the impact of financial innovation on the monetary transmission mechanism and on the way the central bank can achieve its ultimate goal, that is to control the price level. We argue that, although the form ofcentral bank instruments and current methods for implementing monetary policy may change, the goals that the policy makers try achieve by employing these instruments remain valid, and achievable.

  16. Financial Well-being in Active Ageing.

    Science.gov (United States)

    Rajola, Federico; Frigerio, Chiara; Parrichi, Monica

    2014-01-01

    In developed countries, economic and financial well-being is playing a crucial positive role in ageing and inclusion processes. Due to the complexity and pervasiveness of financial economy in the real life, more and more social as well as individual well-being are perceived as influenced by financial conditions. On the other hand, the demographic circumstances drive scholars as well as politicians to reflect on ageing dynamics. Bridging the two domains, the following research focuses on the role of the financial well-being as a mediating role of general well-being in elder people. The assumption is that elderly people have specific financial needs that sometimes are not covered by financial providers' offers. The motivation is mainly on the role of information asymmetries between elder consumers and financial institutions. On the dynamics of these asymmetries, the research will specifically investigate the role of financial literacy, as the ability of comprehension of elder people of their needs and of financial information. The applicative implication of this research work consists in finding the determinants of financial well-being for elders and the definition of their specific financial competencies, in order to 1) identify educational and regulatory guidelines for policy makers in charge of creating financial market transparency conditions, and to 2) support design of organizational mechanisms as well as financial product/services for this specific target of client. The following chapter presents preliminary explorative results of a survey delivered on 200 elder individuals (65-80 yrs.) leaving in Milan. Findings show that active elders consider the ability of managing personal wealth as one of the core determinant of well-being, although the economic and financial literacy is limited. Furthermore, the chapter proposes a research agenda for scholars interested in exploring the relationship between financial well-being and ageing.

  17. Surveying the Impact Quality of the Bank's electronic Services on Financial Performance (with the Emphasis on the Customer Satisfaction Model

    Directory of Open Access Journals (Sweden)

    Ali Panjomi Mohmoodi

    2014-06-01

    Full Text Available Survival of any organization in today's competitive environment, is based on clients. Every organization and its customers' current and future needs are identified and satisfied by providing to meet those needs, and it continues to be applied in order to increase their satisfaction. Many organizations utmost sense of audience satisfaction and value creation institute in their strategic plans, mission statements and policy organizations are planning accordingly. The aim of this study was to investigate the impact of e-banking service quality, customer satisfaction and financial performance of banks. This investigation is inspired by the idea of Long-Linked Technology of James Thompson, in an environment of uncertainty factors (the research model. This study was to investigate the effect of customer perceived e-service quality on bank financial performance and to test the mediating role of customer satisfaction on customer perception of service quality of financial performance of e-banking.The results of the field study analyzing the effects of e-service quality and customer satisfaction on financial performance of public and private banks have been gathered. The outcome of the analysis showed that the quality of the electronic components of the ATM quality of service, phone banking, internet banking quality, has a positive impact on customer satisfaction.The results showed that the effect of customer satisfaction due to the quality of e-banking services has a mediating role on the overall financial performance. Key Words: e-banking, customer satisfaction, performance, management. Normal 0 14 false false false IT X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Tabella normale"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso

  18. Resources,Power and the Blind Spot of Institution with Financial Corruption of the State-owned Enterprise Executives%Research on Economics and Management

    Institute of Scientific and Technical Information of China (English)

    范合君; 吕雨露

    2016-01-01

    At present,there is little research on the financial corruption behavior of the state-owned enterprise executives in China.By using the Magazine of 21 3 corporate crime cases from 201 1 to 201 5 ,this paper makes a description of statistical analysis.The results show that:geographical location,position and the way of financial corruption have significant effect on the executives of financial corruption.At the same time,according to the important characteristics of the state-owned enterprise executives,this paper puts forward the mechanism of financial corruption:resources,power,the blind spot of institution and the financial corruption of state-owned enterprises are formed to be a circulatory system.%目前,国内对于国有企业高管的财务腐败行为较少进行详细研究。本文利用2011—2015年《法人》杂志的企业犯罪案例追踪统计213个案例数据,进行描述性统计分析,发现地域、职位、财务腐败的方式对国企高管财务腐败具有重要影响,同时针对得出的重要影响因素本文提出了国企高管进行财务腐败的机制,得出资源、权力、制度盲点与国企高管财务腐败的系统论。

  19. [Survey questionnaire of pediatric nuclear medicine examinations in 14 Japanese institutes].

    Science.gov (United States)

    Karasawa, Kensuke; Kamiyama, Hiroshi; Hashimoto, Teisuke; Koizumi, Kiyoshi

    2013-05-01

    Under the auspices of the Japanese Society of Pediatric Nuclear Medicine, an annual aggregate from a 5-year period, 2007 to 2011, of a survey questionnaire of pediatric nuclear medicine examinations performed at 14 institutes in the Kanto region was conducted. The subjects were pediatric patients 15 years old or younger. The survey questions included the determination method for administered dose of radiopharmaceuticals, the items examined and number of examinations. Of 14 institutes, 11 determined administered doses using the formula: adult dose X (age +1) / (age+7), while the remaining 3 used the adult dose as the maximum dose and used a conversion formula based on age and physical condition. In 2011, in a total of 3,884 pediatric patients, renoscintigraphy accounted for 41.5%, brain 14.4%, pulmonary scintigraphy 12.9%, oncology 9.0%, hepatobiliary scintigraphy 6.3%, gastrointestinal scintigraphy 4.8%, musculoskeletal scintigraphy 4.3%, cardiology 2.5%, and other 4.9% of all nuclear medicine examinations. Pediatric nuclear medicine examinations in general hospitals accounted for only 3.4% of all examinations. A similar trend was observed in previous years. Since pediatric patients have a longer reproductive term and higher sensitivity to radiation exposure, pediatric nuclear medicine requires a strict selection of appropriate studies and administered dose. These results show the current practice and would warrant further consideration.

  20. 77 FR 16894 - Financial Research Advisory Committee

    Science.gov (United States)

    2012-03-22

    ... recognized experts in the fields of economics, financial institutions and markets, statistical analysis, financial markets analysis, econometrics, applied sciences, risk management, data, information standards... Financial Research Advisory Committee AGENCY: Office of Financial Research, Treasury. ACTION: Notice...

  1. What Role Have Banks in Financial Crises?

    OpenAIRE

    Andries, Alin Marius

    2009-01-01

    Financial crises mainly manifest themselves at the level of financial institutions. Although financial crises can also be generated within non-financial institutions, the role of banking institutions in the occurrence, transmitting and solving of financial crises is a deciding one. Banks play a deciding role in the development of financial crises as financial intermediaries who contribute to the efficient transfer of funds from the abundant agent towards the deficit agents. Banks can facilita...

  2. 77 FR 31434 - Finding That JSC CredexBank Is a Financial Institution of Primary Money Laundering Concern

    Science.gov (United States)

    2012-05-25

    ....82% owned by Vicpart Holding SA, based in Fribourg, Switzerland.\\9\\ With 169 employees \\10\\ and a..._047.htm ). The facts surrounding these transactions are consistent with typical ``red flags... centers.\\29\\ \\29\\ See ``Money Laundering Red Flags: Wire Transfers,'' Federal Financial...

  3. 78 FR 24593 - Notice of Finding That Kassem Rmeiti & Co. For Exchange Is a Financial Institution of Primary...

    Science.gov (United States)

    2013-04-25

    ... Primary Money Laundering Concern AGENCY: Financial Crimes Enforcement Network, Treasury (``FinCEN... money laundering concern. DATES: The finding referred to in this notice was effective as of April 22...''), Public Law 107-56. Title III of the USA PATRIOT Act amends the anti- money laundering provisions of the...

  4. 78 FR 34169 - Notice of Finding That Liberty Reserve S.A. Is a Financial Institution of Primary Money...

    Science.gov (United States)

    2013-06-06

    ... of Primary Money Laundering Concern AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury... 107-56. Title III of the USA PATRIOT Act amends the anti- money laundering provisions of the Bank..., to promote the prevention, detection, and prosecution of international money laundering and the...

  5. Modeling the Impacts of National and Institutional Financial Aid Opportunities on Persistence at an Elite Chilean University

    Science.gov (United States)

    Horn, Catherine; Santelices, María Verónica; Avendaño, Ximena Catalán

    2014-01-01

    Much of the recent Chilean educational debate and reform has centered around issues of higher education cost, debt burden, and availability of grants versus loans. This quantitative case study of Pontificia Universidad Católica de Chile sought to understand the longitudinal contributions of combinations of types of financial aid to persistence of…

  6. Several Thoughts on the Institutional Structure of Regulation and Supervision of Quasi-Financial Institutions%关于准金融机构监管体制的若干思考

    Institute of Scientific and Technical Information of China (English)

    俞燕

    2014-01-01

    Quasi-financial institutions engaged in business financing are regulated and supervised by departments of gov-ernment rather than financial regulatory authorities.As a useful supplement of the formal system, they have a huge space for development.A discussion on the institutional structure of regulation and supervision of these institutions reveals that the struc-ture is flawed with some problems, and the key issue is the allocation of regulatory power.This paper addresses the issue from two dimensions, the vertical and horizontal allocation of the regulatory power.It suggests that the local governments should be given total regulatory power, and the provincial governments should establish a single regulatory agency to supervise all types of quasi-financial institutions to improve the institutional structure and achieve effective regulation and supervision of the quasi-fi-nancial institutions.%我国现对准金融机构采取“多头分层”监管模式,但是,监管主体缺乏专业性且监管力量不足、监管主体不独立、监管权配置不充分等问题突出。准金融机构监管体制的核心问题是监管权的配置。监管权的纵向配置涉及中央和地方之间的关系。监管权的横向配置涉及监管主体的选择。本文建议将准金融机构监管权下放至地方政府,由省级政府成立具有独立性的地方金融监管机构实施统一监管,以完善准金融机构监管体制,实现有效监管。

  7. The financial benefits of acute inpatient palliative medicine: an inter-institutional comparative analysis by all patient refined-diagnosis related group and case mix index.

    Science.gov (United States)

    Davis, Mellar P; Walsh, Declan; LeGrand, Susan B; Lagman, Ruth L; Harrison, Betty; Rybicki, Lisa

    2005-01-01

    Financial comparisons of acute care hospital services are possible using the Centers for Medicare & Medicaid Services case mix index (CMI) and All Patient Refined-Diagnosis Related Group (APR-DRG) data. We compared The Cleveland Clinic's Inpatient Palliative Medicine (CCIPM) acute care unit's CMI and APR-DRG data with national and peer institution data. Total mean charges per admission to the CCIPM unit were 7,800 dollars lower than at other peer institutions despite an equivalent severity of illness and longer length of stay and higher mortality in the CCIPM unit. The lower charges were due primarily to lower laboratory and pharmaceutical charges. We conclude that an acute inpatient palliative medicine unit operating within a comprehensive integrated palliative medicine program is cost-effective in providing specialized care for people with advanced disease.

  8. Financial Literacy: Evidence and Perceptions in a Credit Cooperative

    Directory of Open Access Journals (Sweden)

    Marcos Roberto Kühl

    2016-08-01

    Full Text Available This study aims to assess the perception of employees in a Credit Cooperative in what it refers to the importance of financial literacy of its cooperative members, taking into consideration the existing standards in the OECD and the Central Bank of Brazil that deal with the good practice of financial education, in order to verify the importance of financial education of its cooperative members is relevant from the perception of the cooperative's employees. The research is a descriptive study, with data collection through structured questionnaire and data analysis with the use of quantitative methods. The final sample was composed of 87 valid questionnaires, accounting for 68.5% of the population surveyed. The survey type field research was conducted in the second half of 2014. Four constructs from 19 study variables was identified by Exploratory Factor Analysis, called: financial knowledge; risk reduction; financial practice; external visibility, empirically demonstrating the relevance of financial education in a financially driven institution. Considering the average of the four constructs, and most of the variables that make up, it is possible to realize that financial literacy is an issue within the institution from the perception of employees, followed by external visibility. The main contribution of this study was to seek empirical evidence on the importance of financial literacy on the principles and recommendations on good practice of financial education.

  9. Regulating financial markets: Costs and trade-offs

    NARCIS (Netherlands)

    Górnicka, L.A.

    2015-01-01

    This thesis studies the interactions between the institutional design of financial systems, and the financial agents that regulatory institutions supervise. It explores the channels through which financial regulation affects financial agents’ lending, funding, and risk-taking decisions. By introduci

  10. On the Definition of Problematic Financial Institution%问题金融机构界定法律问题透视∗

    Institute of Scientific and Technical Information of China (English)

    黎四奇

    2015-01-01

    概念是把握与认识世界的工具。金融监管的有效性与金融机构问题的认识及有效处置紧密相关。因此,从问题的角度来看待金融监管法律制度的再造与改良是金融安全法律网有效创新中的核心问题,而这也在实质上表明,在制度升级中,准确界定问题金融机构是基础,是必要的前置条件。%Definition is the tool to recognize and understand the world.The efficacy of financial super-vision is tightly connected with the recognition and effective resolution of the problem in financial institu-tions.Therefore,it is of great significance for the reconstruction and improvement of the related legal sys-tem,which proves that it is the indispensable precondition to clearly define problematic financial institu-tions.

  11. Access to healthcare and financial risk protection for older adults in Mexico: secondary data analysis of a national survey

    Science.gov (United States)

    Doubova, Svetlana V; Pérez-Cuevas, Ricardo; Canning, David; Reich, Michael R

    2015-01-01

    Objectives While the benefits of Seguro Popular health insurance in Mexico relative to no insurance have been widely documented, little has been reported on its effects relative to the pre-existing Social Security health insurance. We analyse the effects of Social Security and Seguro Popular health insurances in Mexico on access to healthcare of older adults, and on financial risk protection to their households, compared with older adults without health insurance. Setting Secondary data analysis was performed using the 2012 Mexican Survey of Health and Nutrition (ENSANUT). Participants The study population comprised 18 847 older adults and 13 180 households that have an elderly member. Outcome measures The dependent variables were access to healthcare given the reported need, the financial burden imposed by health expenditures measured through catastrophic health-related expenditures, and using savings for health-related expenditures. Separate propensity score matching analyses were conducted for each comparison. The analysis for access was performed at the individual level, and the analysis for financial burden at the household level. In each case, matching on a wide set of relevant characteristics was achieved. Results Seguro Popular showed a protective effect against lack of access to healthcare for older adults compared with those with no insurance. The average treatment effect on the treated (ATET) was ascertained through using the nearest-neighbour matching (−8.1%, t-stat −2.305) analysis. However, Seguro Popular did not show a protective effect against catastrophic expenditures in a household where an older adult lived. Social Security showed increased access to healthcare (ATET −11.3%, t-stat −3.138), and protective effect against catastrophic expenditures for households with an elderly member (ATET −1.9%, t-stat −2.178). Conclusions Seguro Popular increased access to healthcare for Mexican older adults. Social Security showed a significant

  12. 建立存款保险制度对地方性金融机构的影响研究——以延边州农村金融机构为例%Study on the influence on local financial institution by the establishment of deposit insurance system:Take Yianbian rural financial institution example

    Institute of Scientific and Technical Information of China (English)

    李占伟

    2012-01-01

    建立存款保险制度是成熟市场经济国家的通行做法,我国存款保险立法的步伐也正在加紧。建立存款保险制度对地方性金融机构到底有何影响,本文以延边州农村金融机构为例,通过定性定量分析,提出若干建议,以期既能保证存款保险制度的适时推出,又尽可能减少政策对地方性金融机构的震动。%It is the common practice for mature market economy country, and the steps of deposit insurance legislation in china is also being speeded up. In order to find out how much influence of the establishment of deposit insurance system to the local financial institution, some suggestions, based on the example of Yanbian rural financial institution, are put forward in this paper by using qualitative and quantitative methods, so as to make sure the timely launch of deposit insurance system and reduce the influence of the establishment of deposit insurance system on local financial institution.

  13. Financial Literacy and Financial Planning in France.

    OpenAIRE

    Luc Arrondel; Majdi Debbich; Frédérique Savignac

    2013-01-01

    How are people financially literate in France? We address this question using the PATER survey and following the Lusardi and Mitchell (2011c) approach. We find that some subpopulations are less financially literate than others: women, young and old people as well as less-educated people are more likely to face difficulties when dealing with fundamental financial concepts such as risk diversification, inflation and interest compounding. We also find some differences in financial knowledge depe...

  14. Typical Survey and Research on Returning-home Migrant Workers’ Entrepreneurship in Jiangxi Province under Post-financial Crisis

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    In order to study the entrepreneurship situation of Jiangxi return migrant workers after the financial crisis,we have conducted a survey on 107 entrepreneurial return migrant workers in 6 counties of Jiangxi Province.The results show that the return of migrant workers is mainly attributed to personal factors,while social factors are also very important.The major difficulties facing return migrant workers are the funding difficulties,complicated formalities to start a business,difficulty in safeguarding their rights and interests,their own low quality and so on.The support needed by the return migrant workers from the government is manifested in five aspects,say,to improve the service and management for the entrepreneurship of migrant workers,to provide financing policy support,to increase the preferential fiscal and taxation policies,to enhance the entrepreneurship training and to provide preference for the return migrant workers to use land.

  15. Validation study of the Colorado Learning Attitudes about Science Survey at a Hispanic-serving institution

    Directory of Open Access Journals (Sweden)

    Vashti Sawtelle

    2009-08-01

    Full Text Available The Colorado Learning Attitudes about Science Survey (CLASS has been widely acknowledged as a useful measure of student cognitive attitudes about science and learning. The initial University of Colorado validation study included only 20% non-Caucasian student populations. In this Brief Report we extend their validation to include a predominately under-represented minority population. We validated the CLASS instrument at Florida International University, a Hispanic-serving institution, by interviewing students in introductory physics classes using a semistructured protocol, examining students’ responses on the CLASS item statements, and comparing them to the items’ intended meaning. We find that in our predominately Hispanic population, 94% of the students’ interview responses indicate that the students interpret the CLASS items correctly, and thus the CLASS is a valid instrument. We also identify one potentially problematic item in the instrument which one third of the students interviewed consistently misinterpreted.

  16. Resident's comparative assessment on domestic versus foreign financial institutions: Evidence from nine cities in China%居民对中、外资金融机构的比较评价研究——来自中国九个城市的证据

    Institute of Scientific and Technical Information of China (English)

    李涛; 何兴强; 周开国

    2009-01-01

    Between domestic financial institutions and foreign or joint venture ones in China, which ones do Chinese people give better assessment to? And what factors affect those comparative assessments? With a household survey in nine cities in China in 2006, we find that China's domestic financial institutions are considered better than foreign or joint venture ones in terms of financial products, communication with investors, security and prudence, operation standardization and service attitudes. When taken into account the endogeneity of people's trust on government regulation agencies, empirical results show that people's more attention to returns or the more trust on government regulationagencies leads to their better assessments on domestic financial institutions than foreign or joint venture ones. The policy implications are: Chinese governments have to take measures to improve residents' trust in governmental regulation and create a fair competition environment for domestic and foreign financial institutions in China. Domestic and foreign financial institutions make efforts to develop a higher rate-of-return and attractive financial products to service more customers.%居民对中、外资的金融机构评价何者更高?什么因素影响了居民的比较评价结果?采用2006年中国9城市居民调查数据,发现:多数居民认为,中资金融机构在所设计的金融产品、与投资者的沟通、安全性和稳健性、经营的规范性、服务态度等方面都优于外资金融机构.考虑居民对政府监管部门信任程度的内生性,回归结果显示:居民在选择中、外资金融机构时对收益水平的关注程度越高,或者居民对政府监管部门的信任程度越高,他们对中资金融机构的评价就越高.政府应该通过提高居民对政府监管部门的信任程度来为中、外资金融机构创造公平竞争环境,而中、外资金融机构应该通过开发高收益水平的金融产品来吸引更多的顾客.

  17. Institutional Level Identity Control Strategies in the Distance Education Environment: A Survey of Administrative Staff

    Directory of Open Access Journals (Sweden)

    Alexander Amigud

    2013-12-01

    Full Text Available Physical separation of students and instructors creates the gap of anonymity and limited control over the remote learning environment. The ability of academic institutions to authenticate students and validate authorship of academic work at various points during a course is necessary for preserving not only perceived credibility but also public safety. With the growing scope of distance education programs that permeate critical areas such as healthcare, airspace, water management, and food solutions, universities have a moral obligation to employ secure measures to verify learning outcomes. This study examines the measures universities with large distance education programs employ to align identity of learners with the academic work they do, as well as the effectiveness of and challenges and barriers to their implementation. The research was undertaken using a multiple case approach and examined survey responses from five academic administrators at five officially accredited post secondary institutions in three countries. The cases examined in the study include: Athabasca University, Open University UK, Penn State University World Campus, University of Maryland University College, and eConcordia, Concordia University’s distance learning facility. This study is not an exhaustive attempt to examine all aspects of academic integrity, but rather to create awareness about various learner authentication strategies. This study confirms that secure learner authentication in the distance education environment is possible. However, with greater pressure to enhance security of learner authentication, the openness of open learning is challenged and may change as we know it.

  18. Social Surveys about Solid Waste Management within Higher Education Institutes: A Comparison

    Directory of Open Access Journals (Sweden)

    Navarro Ferronato

    2017-03-01

    Full Text Available Solid waste mismanagement is a social burden that requires the introduction of reliable public policies, including recycling principles and technological facilities. However, the development of recycling plans is a real issue for municipal governments, since it involves psychological and cultural factors, both in developed and developing countries. Questionnaire survey is an important tool for evaluating which solid waste management policy is suited for each specific study area, involving citizens and stakeholders. The aim of this paper is to evaluate what approach should be applied for social surveys in higher education institutes, comparing developing and developed countries. Italy is the developed country analyzed, where two universities in different cities are compared, while La Paz (Bolivia is the emerging reality considered. The research conducted in La Paz led us to understand that, although recycling rates are low (about 8%, many students (56.96% separate up to half of the waste produced at home. At the same time, about 53% of those interviewed do not know the recycling practices implemented by the informal sector which is the one that constantly act for improving the recycling rates of the city. Low technological acceptance is instead underlined in the high income country, since there is a common negative opinion concerning the introduction of landfills and incinerators near residential areas (49% disagree. A comparison of the methodologies adopted for the two case studies is introduced whereas investigations results are presented.

  19. A Survey Study of Institutional Review Board Thought Processes in the United States and South Korea

    Directory of Open Access Journals (Sweden)

    Si-Kyung Jung

    2012-09-01

    Full Text Available Introduction: In the last several decades, South Korea has rapidly adopted Western customs and practices. Yet, cultural differences between South Korea and the United States exist. The purpose ofthis study was to identify and characterize potential cultural differences in the Korean and US institutional review board (IRB approach to certain topics.Methods: A qualitative analysis of a 9-item survey, describing 4 research study case scenarios, sent to IRB members from the United States and South Korea. The case scenarios involved the followingissues: (1 the need for consent for retrospective chart review when research subjects receive their care after the study is conceived; (2 child assent; (3 individual versus population benefit; and (4 exception from informed consent in emergency resuscitation research. The free-text responses were analyzed and abstracted for recurrent themes.Results: Twenty-three of the 45 survey recipients completed the survey, for an overall response rate of 51%. The themes that emerged were as follows: (1 the importance of parental authority among Korean participants versus the importance of child autonomy and child assent among US participants; (2 the recognition of the rights of a proxy or surrogate who can represent an individual’s values by all participants; and (3 the importance of the community, expressed by the Korean respondents, versus individualism, expressed by US respondents.Conclusion: Whereas US participants appear to emphasize the importance of the individual and the autonomy of a child, the Korean respondents stressed the importance of parental authority andbenefiting the community, above and beyond that of the individual person. However, there was substantial overlap in the themes expressed by respondents from both countries.

  20. Survey of Professional Ethics of Teachers in Institutions of Higher Education: Case Study of an Institution in Central China

    Science.gov (United States)

    Zheng, Lou; Hui, Song

    2005-01-01

    The standard of professional ethics among teachers directly determines the educational standards of a school; they are an essential component of education. In order to clarify the current situation with regard to the professional ethics of teachers in institutions of higher education, this article analyzes how society evaluates those ethics and…

  1. [Male breast cancer: prognostic factors, diagnosis and treatment: a multi-institutional survey of 95 cases].

    Science.gov (United States)

    Oger, A-S; Boukerrou, M; Cutuli, B; Campion, L; Rousseau, E; Bussières, E; Raro, P; Classe, J-M

    2015-04-01

    The optimal treatment for male breast cancer is not known because male breast cancer is a rare disease. It represents as little as 0.6% of all breast cancers and less than 1% of human cancers. The aim was to analyze the clinical, histological and therapeutic characteristics of 95 men cared for breast cancer between 2000 and 2010 in four hospitals, and determine predictors of poor prognosis to improve care of male breast cancer. This study is a multi-institutional survey, retrospective, involving four French institutions: Cancer Institute of the West (ICO), Reunion Island South hospital group, the hospital group of Dax, and the Bergonié Institute. All carcinomas in situ or invasive breast occurred in male patients were included. An analysis of clinical, histological and therapeutic features was performed. Statistical analysis of our study focused on the overall survival of patients and specific method of Kaplan-Meier, enabling search for predictors of poor prognosis. The mean age was 65 years. Thirty-seven percent of patients were overweight or obese. It was in 88% of cases of palpable tumor whose average size was 26.29mm. Ninety patients, none had a lesion palpable T0, 44% T1 tumors, 38% T2 tumors, 3% had a T3 tumors, and finally 10% T4 tumors. The histological type was the most common invasive ductal carcinoma (87%). He found a similar proportion of patients with or without lymph node involvement. N+ patients, capsular rupture was observed in 29% of cases. Receptor positivity was found, estrogen in 95% of cases and progesterone in 83% of cases. Additional irradiation was performed in 75% of patients and chemotherapy in 37% of patients. Overall survival was 79.2% at five years and 70.8% at ten years. Age, tumor size and histological capsular rupture are factors that significantly influence the overall survival and specific. Male breast cancer is a different pathology of breast cancer in women. The majority of recommendations suggest treating men who are diagnosed

  2. Effect of medical institution change on gestational duration after the Great East Japan Earthquake: The Fukushima Health Management Survey.

    Science.gov (United States)

    Suzuki, Kohta; Goto, Aya; Fujimori, Keiya

    2016-12-01

    The aim of this study was to examine the association between medical institution change for perinatal care and gestational duration after the Great East Japan Earthquake using data from the Fukushima Health Management Survey. The data of pregnant women who experienced the earthquake in Fukushima prefecture and participated in the Pregnancy and Birth Survey as part of the Fukushima Health Management Survey were analyzed. The primary and secondary outcomes of this study were gestational duration and preterm birth, respectively. The main study factor was prenatal checkup institution (only one institution, changed institution due to self-referral, changed institution due to medical indication, and went to parents' home for childbirth). Self-referral was considered as indicative of relocation after the disaster. Multiple linear and logistic regression analyses were conducted to examine the effect of earthquake on each outcome. A total of 5593 (60.2%) participants experienced the earthquake between the 4th and 37th weeks of their gestational period. After controlling for variables, pregnant women who changed their perinatal checkup institution due to medical indication were significantly associated with shorter gestational duration (β = -10.6, P Earthquake and the subsequent Fukushima Daiichi nuclear disaster was not significant. © 2016 Japan Society of Obstetrics and Gynecology.

  3. Market liquidity and financial stability.

    OpenAIRE

    CROCKETT, A.

    2008-01-01

    Stability in financial institutions and in financial markets are closely intertwined. Banks and other financial institutions need liquid markets through which to conduct risk management. And markets need the back-up liquidity lines provided by financial institutions. Market liquidity depends not only on objective, exogenous factors, but also on endogenous market dynamics. Central banks responsible for systemic stability need to consider how far their traditional responsibility for the health ...

  4. The Financial Planning and Financial Literacy of ex-Malaysia Indonesian Migrant Workers

    Directory of Open Access Journals (Sweden)

    Rayenda Khresna Brahmana

    2016-10-01

    Full Text Available Indonesian migrant workers (IMW face life difficulties after returning back to Indonesia. This is a contrary condition considering their contribution to their home family in Indonesia while working abroad. Literature mentions that their financial planning is the root of the poverty of ex-IMW. Therefore, this research adopts literacy theory to explain this phenomenon. This research conducted a survey among 548 ex-IMW and measures their financial literacy and financial planning. This research also maps their asset ownership to examine the relationship between financial literacy and asset ownership. Overall, this research documents that financial literacy contributes statistically significantly and positively to financial planning. Furthermore, this research shows that asset ownership is closely related to financial literacy. In a nutshell, this research concludes that it is important for migrant workers to have good knowledge of financial issues, because having good financial literacy helps the migrant workers to plan their finance and budget much better, thereby helping them to avoid the poverty trap. Therefore, policymakers such as migrant worker authorities and/or Indonesian embassies abroad have to institute financial education programmes for migrant workers before they return to Indonesia.

  5. Financial Openness and Financial Development: An Analysis Using Indices

    OpenAIRE

    Ozkok, Zeynep

    2010-01-01

    This paper examines the link between financial openness and financial development through panel data analysis on advanced and emerging market countries. Using indices, financial openness together with institutional and educational variables explains a large part of the variation in financial development across countries and over time. Our analysis demonstrates that different indexing strategies serve in finding better measures for financial openness and financial development in comparison to ...

  6. 事业单位财政补助现状与改革的思考%Pondering on Public Institution Financial Subsidy Status Quo and Reform

    Institute of Scientific and Technical Information of China (English)

    李青

    2015-01-01

    事业单位作为我国政府部门的组成部分,行使着为公众服务的重要使命,在社会服务和管理等方面都起着非常重要的作用。自改革开发以来,我国政府相继出台了一些政策刺激事业单位的改革并取得了较大成绩。即便如此,事业单位经费供给模式并未改变。事政不分、事企不分、资金利用效益低、工作效率差、本位主义严重与地区发展不平衡等问题依然存在。针对事业单位财政补助现状及存在的问题,提出相应的建议:进行事业单位人事制度改革,重新核定事业单位编制;多方筹措资金,保障分流职工权益;完善社会保障体系;优化事业单位的资源配置并建立预算与编制相适应的管理制度。%The public institution is a part of government sector in the country. It performs important mission of serve the public, plays very important role on aspects of social services and management. Since the reform and opening to the outside world, our government have induced a number of policies successively to stimulate the reform of public institutions and made great achievements. Even so, fund apply mode for public institutions have not been changed. Thus leading issues to confound institution with government, institution with enterprise, low efficiency of capital utilization, low work efficiency, serious departmentalism and imbalanced regional development are still existed. In allusion to public institution financial subsidy status quo, corresponding advises have been put forward:carrying out institution reform of personnel system, recheck and ratify organization;many-sided financing, ensuring diversion staff rights and inter⁃ests;improving social security system;optimizing public institution resources allocation, establishing managerial system corresponding to budget and organization.

  7. Financial debt of orthopedic residents.

    Science.gov (United States)

    Hwang, John S; Beebe, Kathleen S; Benevenia, Joseph; Karanfilian, Briette; Berberian, Wayne S

    2012-04-01

    Many orthopedic residents accrue considerable debt by residency graduation. These debts for graduating medical students continue to increase due to the yearly increase of medical school tuition. The purpose of this study was to examine the causes of financial debt, as well the effects of debt on orthopedic residents.Orthopedic residents from postgraduate years 1 to 5 (N=27) completed an anonymous, optional financial survey. The survey asked questions regarding the characteristics of the residents' debt and their concern caused by their debt. All residents from our institute (N=27) voluntarily participated in the survey. The residents consisted of 4 (15%) women and 23 (85%) men, with 14 (56%) single residents and 12 (44%) married residents. No statistically significant difference existed in total debt >$100,000 between single and married residents or men and women. Forty-eight percent (n=13) of the residents had medical educational debt >$100,000, whereas 45% (n=12) had total debt >$200,000. Residents with total debt >$100,000 were concerned about their debt, whereas 1 of 4 residents with orthopedic residents financially and may cause stress and hinder their medical training. Appropriate measures should be taken to help residents properly manage their debt and to provide supplemental assistance with their financial struggles.

  8. 75 FR 63382 - Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations; Defining...

    Science.gov (United States)

    2010-10-15

    ... funds within the general definition of ``financial institution'' in regulations implementing the Bank... Regulations; Defining Mutual Funds as Financial Institutions; Extension of Compliance Date AGENCY: Financial... final rule \\1\\ to include mutual funds within the general definition of ``financial institution''...

  9. A survey on the effects of institutional ownership, internal audit and non-executive board members on forecasting crashes: Evidence from Tehran Stock Exchange

    Directory of Open Access Journals (Sweden)

    Mostafa Sohouli Vahed

    2014-11-01

    Full Text Available This paper presents an empirical investigation to study the effects of institutional ownership, internal audit system, the number of non-executive board members and having differentiation between chair and general managers’ responsibilities on the likelihood of stock price crash on 110 listed firms on Tehran Stock Exchange over the period 2004-2011. The study uses Chen’ model (2001 [Chen, J., Hong, H., & Stein, J. C. (2001. Forecasting crashes: Trading volume, past returns, and conditional skewness in stock prices. Journal of Financial Economics, 61(3, 345-381.] to perform the investigation. Based on the results of the survey, there is a negative and meaningful relationship between stock price crash and institutional ownership when the level of significance is ten percent. In addition, as the number of non-executive board members increases, the chance of stock price crash decreases when the level of significance is five percent. However, separation between the responsibility of chair and general managers did not seem to influence on stock price and also having internal audit system had no impact on the likelihood of stock price change.

  10. On Distributional Changes of Financial Characteristics in Cyprus: What Does the Survey of Consumer Finances Say?

    Directory of Open Access Journals (Sweden)

    Alex Karagrigoriou

    2006-12-01

    Full Text Available This work is based on the Cyprus Survey of Consumer Finances (CySCF and focuses on one hand on the composition of household assets in Cyprus based on the 2002 Cyprus Survey of Consumer Finances (CySCF2002 and on the other on the distributional changes between the 1999 and the 2002 CySCFs. From 1999 to 2002 there has been a radical increase of household participation in direct stockholding. This is due to the fact that there was a boom of the stock market with a remarkable increase of 688% during 1999, which, however, deflated dramatically during 2000 by 65%. In the same period a 50% increase in the share of households with loans backed by real estate other than their primary residences was observed. Furthermore, real estate prices rose sharply in most areas and affected to a great extent the net wealth so that a more than 7.5% increase was observed in the mean value of the net wealth from 1999 to 2002. Finally, the work deals with the econometric analysis of debts, and results based on probit models are provided. The variables selected are age, family size, employment status and income. The typical 2002 individual was identified as a 45-year old self-employed, married person with 3 children with a annual income of 18000 Cyprus pounds (1CY L = 1.7 Euros. For the 2002 typical individual the probability of being in debt is found to be 66.5%.

  11. THE FINANCIAL SECTOR IN THE FINANCIAL SYSTEM ECONOMY: THEORETICAL ASPECTS

    Directory of Open Access Journals (Sweden)

    Yu. Kovalenko

    2015-06-01

    Full Text Available Broad and narrow approaches of the financial system are obtained. The difference between the financial system and the financial sector (the fi-nancial corporations sector is shown. Organizational and institutional matrix of the financial system of the economy is proposed. Key positions of institutional sectors classification of Ukraine’s economy are analyzed, as well as the System of National Accounts with respect to the financial sec-tor of corporations. The structure of the sector of financial corporations in Ukraine is defined.

  12. On Problems and Countermeasures in Administrative Institutions Financial management%行政事业单位财务管理存在的问题及对策

    Institute of Scientific and Technical Information of China (English)

    辛少卿

    2016-01-01

    行政事业单位财务管理中普遍存在三方面问题:资金管理存在大额支付现金、往来款项长期挂账、项目资金挤占挪用等问题;固定资产管理存在账实不符、购置上的管理漏洞,不计提折旧等问题;财务从业人员存在管理意识薄弱,管理水平低下等问题。针对这些问题提出解决的方法及采取的应对措施。%Problems existing in administrative institutions financial management lie in three aspects,i. e.large cash payment in capital management,payment,long-term proj ect funding from embezzle-ment and other issues;inconsistent fixed asset management accounts,loopholes in management rules,and depreciation;weak management in financial professionals,low management level,etc. Aiming at these problems,some methods and countermeasures are put forward.

  13. 银行业金融机构担保圈风险化解探析%Exploration of Guarantee Circle Risk Elimination of Banking Financial Institutions

    Institute of Scientific and Technical Information of China (English)

    张东玥

    2015-01-01

    Enterprises losing access to liquidity and guarantee circle risk eruption hit the headlines recently. The risks of one individual enterprise are transmitted and amplified through the chains in the guarantee circle, which threatens the operation of other well-managed enterprises in the guarantee circle and the safety of bank assets. It is a hard nut that both the banking financial institutions and the CBRC ( China Banking Regulatory Commission) want to crack urgently. The paper describes the formation and the features in short, states the practices on guarantee circle risk elimination, and gives specific solutions to eliminate the guarantee circle risk, to provide some references for the credit and risk management of banking financial institutions.%近年来,企业资金链断裂、担保圈风险爆发等事件不时见诸报端。个别企业的风险爆发通过担保圈的传导、放大,威胁到圈内其他优质企业的正常经营和银行业金融机构的资产安全,是当前商业银行和监管机构亟需解决的问题。文章简要分析了担保圈风险的形成和特征,阐述了担保圈风险化解的实践情况,并有针对性地提出担保圈风险化解的具体建议,为银行业金融机构的信贷管理与风险控制工作提供参考。

  14. Unification of roles of the World Trade Organization (WTO and International Financial Institutions (IFIs in Education: The maintenance of global neoliberal hegemony?

    Directory of Open Access Journals (Sweden)

    Anita Trisnawati Abbott

    2009-03-01

    Full Text Available Education is viewed as an instrument for development. Therein lies the importance of education for social change. It is education that makes people aware of the situation around them. Yet, in a different way, education is also an instrument to maintain hegemony. At the international level, the institutions of the World Trade Organization (WTO and the International Financial Institutions (IFIs, such as the World Bank (WB, and International Monetary Fund (IMF are crucial to the determination of the real meaning of education; whether or not education is an instrument for development for maintaining hegemony. The WTO system is arguably more than simply an international institution, but rather it is a center of hegemonic power. The emergence of neoliberalism has been accompanied by the coercion of hegemonic power that results in deleterious effects on human life. In the education sector, through the provision of the WTO General Agreement of Trade and Services (GATS, trade barriers in education are eliminated. Not only education is becoming globalized but also increasingly becoming a competitive commodity. Thus, the commodification of education means that education serves those who can afford to pay. The controversies surrounding the role of the WTO in the trade of education are significant to the debates about Neoliberal ideology and the problems of governance in the realm of globalization. These debates arise not only because of the actions of the WTO, which is deeply informed by Neoliberal ideology, but also because of the diverse beliefs about world economic governance. Not only the WTO, but also the roles of International Financial Institutions in global education revealed controversies. State intervention, for instance is minimized. Government spending in the education sector is reduced. Privatization and commercialization are encouraged. Social injustice seems to be the source of the presupposition of these controversies. This research

  15. 我國私立技術校院財務運作之研究 Financial Management of Taiwan’s Private Institutes of Technology

    Directory of Open Access Journals (Sweden)

    林宜樺 Yi-Hua Lin

    2013-03-01

    Full Text Available 對於國立大專校院及一般私立大學,我國私立科技大學及技術學院在學校規模或政府資源分配都明顯處於劣勢,尤其近年受少子女化影響,生源逐年減少,對於高度依賴學生繳交學雜費以維持正常運作的私立技術校院而言,財務收入更顯嚴峻,招生不佳的學校甚至可能面臨退場困境;因此,如何維持最佳財務狀況以提供豐裕的教育資源,提升辦學品質,吸引學生就讀,遂成為這群爭取高教經 費最弱勢且擔負照顧最多弱勢學生的私立技術校院最重要的工作。本文目的即在了解2006至2008這三年期間我國私立技術校院財務運作狀況,並以招生良窳學校進行彼此與整體相互比較,期望該分析結果可以有效改善我國私立技術校院的財務運作策略,提升對弱勢學生的就學照顧。本文發現學雜費確實為私立技術校院最主要之收入來源,占其總收入的七成,但在面對少子女化的挑戰,其財務開源與節流策略仍明顯不足;招生情況良好的學校因為其他收入來源相對豐厚,對學雜費收入依賴程度較低,但仍致力於辦學品質的提升與學生就學條件的改善;招生情況較差的學校卻未用心於改善財務運作及辦學條件。根據上述發現,本文分別對私立技術校院、招生情況前段與後段學校提供建議。 Compared with public higher education institutions and private universities, private institutes of technology in Taiwan encounter more disadvantages. Due to the low birthrate in recent years, private institutes of technology, highly dependent on tuition, have experienced financial difficulties, and some institutions lacking sufficient enrollments have been forced to shut down. The purpose of this paper was to describe the financial structure of private institutes of technology from 2006 to 2008 and then it compares the institutes with good

  16. E-Learning in European Higher Education Institutions: Results of a Mapping Survey Conducted in October-December 2013

    Science.gov (United States)

    Gaebel, Michael; Kupriyanova, Veronika; Morais, Rita; Colucci, Elizabeth

    2014-01-01

    The present study on e-learning intends to contribute to closing a data gap and to stimulate the discussion on the further development of national and European policies on the issue and to support its systematic institutional take-up. It draws upon a survey conducted by the European University Association between October and December 2013. 249…

  17. College Student Entrepreneurship in China: Results from a National Survey of Directors of Career Services in Chinese Higher Education Institutions

    Science.gov (United States)

    You, You; Zhu, Feifei; Ding, Xiaohao

    2017-01-01

    As the number of college graduates increases dramatically in recent years in China, the Chinese Central government encourages college graduates to partake in entrepreneurial activities. The current study uses data from a nationwide institutional survey of directors of career services of 840 Chinese colleges and universities to study the current…

  18. Acceptance and use of health information technology in Slovenian public health institutions: a national survey based on UTAUT model

    Directory of Open Access Journals (Sweden)

    Matej Vinko

    2013-04-01

    Conclusions: The results show a positive attitude toward IT among Slovenian healthcare professionals. These findings are especially relevant in view of the fact that all types of healthcare professionals from all kinds of public healthcare institutions across the country were included in the survey.

  19. Does Institutional Aid Compensate for or Comply with State Policy?

    Science.gov (United States)

    Doyle, William R.; Delaney, Jennifer A.; Naughton, Blake Alan

    2009-01-01

    To what extent does state policy for student financial aid affect the distribution of institutional aid awarded to students at public institutions? Using data from the National Postsecondary Student Aid Survey we employ a Tobit model to investigate the relationship between student characteristics, including family income and academic…

  20. Behind the scenes: the corporate governance preferences of institutional investors

    NARCIS (Netherlands)

    McCahery, J.A.; Sautner, Z.; Starks, L.T.

    2010-01-01

    Institutional investors are a dominant force in financial markets today, yet their preferences about corporate governance are generally undisclosed and their activities in this area tend to be performed behind the scenes. We conduct a survey to elicit institutional investors’ views on investor

  1. A cost-benefit analysis of document management strategies used at a financial institution in Zimbabwe: A case study

    OpenAIRE

    Rodreck David; Patrick Ngulube; Adock Dube

    2013-01-01

    Background: Choosing a cost-effective document management approach has become a priority to many organisations, especially in view of the rapidly changing technological environment in which information is being created and managed. A literature survey indicated that document management strategies have the potential to provide some substantial cost-saving benefits if they are used judiciously.Objectives: This study investigated a commercial bank’s document management approaches in a bid to asc...

  2. Conducting a Withdrawal Survey.

    Science.gov (United States)

    Aldridge, Sue; Rowley, Jennifer

    2001-01-01

    A survey at Edge Hill College of Higher Education in Canada, designed to be part of the mechanism for monitoring and evaluating the quality of the student experience, revealed that key factors influencing withdrawal were: course not as expected, traveling difficulties, institution not as expected, domestic difficulties, and financial difficulties.…

  3. 制度与金融发展:基于转轨国家的面板数据分析%Institution and Financial Development: Analysis Based on Panel Dada of Transitional Countries

    Institute of Scientific and Technical Information of China (English)

    滑冬玲; 肖强

    2012-01-01

    From Spring to April 2012, Wenzhou and Shenzhen carried out a set of new measures of financial reform, the aim of which are to encourage the development of nongovernmental finance and capital market, speed up the reform of financial asset pricing mechanics. Financial development could not been achieved only by the effort of financial system itself, a set of supporting policy should be make by government, especially supporting institu- tions. Therefore this paper chooses transitional countries whose conditions are similar with china as object of study, and puts forward policy advice from institutional aspect. In this decade, many researchers have focused on the in- fluence of institution on financial development. They showed that institutional quality composed of property right, law and political institutions can influence financial development. Theory analysis of this paper shows that institu- tion co-exists with financial system and can stimulate financial development by following means: open the channel of saving-investment transformation, enhance investor protection, increases the confidence of investor, and erases financial depression. On the basis of the analysis we put forward four hypothesis which need to be proved : first, in- stitutional quality promotion can increase financial depth; second, institutional quality promotion can enlarge the scale of credit and increase banking efficient; third, institutional quality promotion can enlarge the scale of financial market; to sum up, institutional quality promotion can stimulate financial development. In order to test these hypothesis, we take empirical analysis by panel data of 16 transitional countries from 1996 to 2008. We divide 8 explanted variables into 4 groups to express 4 aspect of financial development: financial depth measured by M2/GDP and financial relevant ratio, scale of banking credit measured by credit provided by bank as percentage of GDP and net domestic credit divided by GDP, efficiency

  4. Current topics: making heads or tails of capital stress testing; commercial real estate trends; other real estate owned trends; servicemembers civil relief act – an Escalating consumer compliance risk; step up bonds;FASB's financial instruments project and trends in the allowance for loan & lease losses (ALLL); financial institution fraud outlook

    OpenAIRE

    anonymous

    2011-01-01

    The Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends on an on-going basis. This Risk Perspectives newsletter is designed to highlight a few current risk topics and some potential risk topics on the horizon for the Seventh District and its supervised financial institutions. The newsletter is not intended as an exhaustive list of the current or potential risk topics and should not be relied upon as such. We encourage each of our supervised financial i...

  5. Does tax-based health financing offer protection from financial catastrophe? Findings from a household economic impact survey of ischaemic heart disease in Malaysia.

    Science.gov (United States)

    Sukeri, Surianti; Mirzaei, Masoud; Jan, Stephen

    2017-01-01

    Malaysia is an upper-middle income country with a tax-based health financing system. Health care is relatively affordable, and safety nets are provided for the needy. The objectives of this study were to determine the out-of-pocket health spending, proportion of catastrophic health spending (out-of-pocket spending >40% of non-food expenditure), economic hardship and financial coping strategies among patients with ischaemic heart disease (IHD) in Malaysia under the present health financing system. A cross-sectional study was conducted at the National Heart Institute of Malaysia involving 503 patients who were hospitalized during the year prior to the survey. The mean annual out-of-pocket health spending for IHD was MYR3045 (at the time US$761). Almost 16% (79/503) suffered from catastrophic health spending (out-of-pocket health spending ≥40% of household non-food expenditures), 29.2% (147/503) were unable to pay for medical bills, 25.0% (126/503) withdrew savings to help meet living expenses, 16.5% (83/503) reduced their monthly food consumption, 12.5% (63/503) were unable to pay utility bills and 9.0% (45/503) borrowed money to help meet living expenses. Overall, the economic impact of IHD on patients in Malaysia was considerable and the prospect of economic hardship likely to persist over the years due to the long-standing nature of IHD. The findings highlight the need to evaluate the present health financing system in Malaysia and to expand its safety net coverage for vulnerable patients. © The Author 2016. Published by Oxford University Press on behalf of Royal Society of Tropical Medicine and Hygiene. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.

  6. SU-E-T-84: A Survey On Radiotherapy Table Tolerances and Couch Overrides of Over 350 Institutions

    Energy Technology Data Exchange (ETDEWEB)

    Chinsky, B; Patel, R; Panfil, J; Surucu, M; Roeske, J [Loyola University Medical Center, Maywood, IL (United States)

    2015-06-15

    Purpose: Table overrides are relatively common in radiotherapy, yet are a potential safety concern. The goal of this study was to survey current departmental policies on treatment couch overrides and table tolerance values used clinically. Methods: A 25 question electronic survey on couch overrides and tolerances was sent to full members of the AAPM. In the first part of the survey, participants were asked: if table overrides were allowed at their institution, who was allowed to perform these overrides, and if imaging was required with overrides. In the second part of the survey, individuals were asked to provide table tolerance data for the following sites: brain/head & neck, lung, breast, abdomen/pelvis and prostate. Each site was further divided into IMRT/VMAT and 3D conformal techniques. Free-text spaces were provided, allowing respondents to enter any table tolerance data they were unable to specify under the treatment sites listed. Results: A total of 361 individuals responded, of which approximately half participated in the couch tolerances portion of the survey. Overall, 86% of respondents’ institutions allow couch tolerance overrides at treatment. Therapists were the most common staff members permitted to perform overrides, followed by physicists, dosimetrists, and physicians, respectively. Of the institutions allowing overrides, 34% reported overriding daily. More than half of the centers require documentation of the override and/or a setup image (acquired after override) to radiographically verify the treatment site. With respect to table tolerances, groups resulting from the free-text responses were at the two extremes; SRS/SBRT were the tightest, while clinical setup/mets/extremities were the most generous. There was no qualitative difference between IMRT/VMAT and 3D conformal table tolerances. Conclusion: This work is intended to stimulate a discussion within the radiotherapy community. This discussion, supplemented by the survey results provides an

  7. The Fragility Analysis of New Rural Financial Institutions Based on the Game Theory%基于博弈理论的新型农村金融机构脆弱性分析

    Institute of Scientific and Technical Information of China (English)

    何颖媛

    2014-01-01

    新型农村金融机构的发展为“三农”建设提供了强大的金融支持,然而新型农村金融机构的脆弱性却较少引起学者关注。基于脆弱性的功能视角,分别研究了新型农村金融机构与借款农户间的、普通商业银行与贷款者间的博弈过程与博弈记过。研究表明:金融机构的脆弱性源于信贷的外部性;新型农村金融机构比普通商业银行具备更强的脆弱性;其产生的根源在于农户的还款能力与意识的缺乏、担保抵押资产的低质和信用制约的缺失。%The development of the new rural financial institutions provides a powerful financial support to the construction of"three agriculture". However, the fragility of the new rural financial institutions has aroused little concern of scholars. Based on the fragile functional perspective, this article studies the game process and game results between the new rural financial institutions and the borrowing farmers as well as the ordinary commercial banks and the creditor respectively. According to the results, we can draw the following conclusions. First, the fragility of the financial institutions originates from the externality of the credit. Second, the new rural financial institutions are much more fragile than the ordinary commercial banks. Third, it comes from the absence of the repayment ability and awareness of the farmers, the inferiority of the mortgage assets and the lack of credit restricts.

  8. Instituições financeiras públicas de fomento: exagero de conservadorismo da política de investimentos? Public development financial institutions: excessively conservative investment policies?

    Directory of Open Access Journals (Sweden)

    Paulo Rogério F. Matos

    2010-04-01

    Full Text Available Este artigo analisa a questão do conservadorismo no que concerne à gestão de recursos por tesourarias de instituições financeiras públicas, que incorrem em um trade-off por não ter essa gestão como prioridade, mas sim as atividades associadas ao desenvolvimento. Fazendo-se uso do capital asset pricing model (CAPM, as evidências para o Banco do Nordeste do Brasil, o maior banco de desenvolvimento regional da América Latina, sugerem que sejam viáveis as mudanças institucional e na legislação que restringe a política de investimentos dessas organizações.This article analyzes the conservative behavior of public financial institutions' treasuries, which incur a trade-off for prioritizing their development-related activities instead of their funds management. Using the capital asset pricing model (CAPM, evidence from the Northeast Bank of Brazil, the largest regional development bank in Latin America, suggests that changes in the institutions, as well as in the legislation that restricts their investment policy, are feasible.

  9. Survey of Individual and Institutional Risk Associated with the Use of Social Media

    Directory of Open Access Journals (Sweden)

    Manish Garg

    2016-05-01

    Full Text Available Introduction: Residents and faculty in emergency medicine (EM residency programs might be unaware of the professional and legal risks associated with the use of social media (SM. The objective of this study was to identify and characterize the types and reported incidence of unprofessional SM behavior by EM residents, faculty, and nurses and the concomitant personal and institutional risks. Methods: This multi-site study used an 18-question survey tool that was distributed electronically to the leaders of multiple EM residency programs, members of the Council of Emergency Medicine Residency Directors (CORD, and the residents of 14 EM programs during the study period May to June 2013. Results: We received 1,314 responses: 772 from residents and 542 from faculty. Both groups reported encountering high-risk-to-professionalism events (HRTPE related to SM use by residents and non-resident providers (NRPs, i.e., faculty members and nurses. Residents reported posting of one of the following by a resident peer or nursing colleague: identifiable patient information (26%; or a radiograph, clinical picture or other image (52%. Residents reported posting of images of intoxicated colleagues (84%, inappropriate photographs (66%, and inappropriate posts (73%. Program directors (PDs reported posting one of the following by NRPs and residents respectively: identifiable patient information (46% and 45%; a radiograph, clinical picture or other image (63% and 58%. PDs reported that NRPs and residents posted images of intoxicated colleagues (64% and 57%, inappropriate photographs (63% and 57%, or inappropriate posts (76% and 67%. The directors also reported that they were aware of or issued reprimands or terminations at least once a year (30% NRPs and 22% residents. Residents were more likely to post photos of their resident peers or nursing colleagues in an intoxicated state than were NRPs (p=0.0004. NRPs were more likely to post inappropriate content (p=0.04 and

  10. Austin's Home Performance with Energy Star Program: Making a Compelling Offer to a Financial Institution Partner

    Energy Technology Data Exchange (ETDEWEB)

    Zimring, Mark

    2011-03-18

    Launched in 2006, over 8,700 residential energy upgrades have been completed through Austin Energy's Home Performance with Energy Star (HPwES) program. The program's lending partner, Velocity Credit Union (VCU) has originated almost 1,800 loans, totaling approximately $12.5 million. Residential energy efficiency loans are typically small, and expensive to originate and service relative to larger financing products. National lenders have been hesitant to deliver attractive loan products to this small, but growing, residential market. In response, energy efficiency programs have found ways to partner with local and regional banks, credit unions, community development finance institutions (CDFIs) and co-ops to deliver energy efficiency financing to homeowners. VCU's experience with the Austin Energy HPwES program highlights the potential benefits of energy efficiency programs to a lending partner.

  11. Financialization and financial profit

    Directory of Open Access Journals (Sweden)

    Arturo Guillén

    2014-09-01

    Full Text Available This article starts from the critical review of the concept of financial capital. I consider it is necessary not to confuse this category with of financialization, which has acquired a certificate of naturalization from the rise of neoliberalism. Although financial monopoly-financial capital is the hegemonic segment of the bourgeoisie in the major capitalist countries, their dominance does not imply, a fortiori, financialization of economic activity, since it depends of the conditions of the process reproduction of capital. The emergence of joint stock companies modified the formation of the average rate of profit. The "promoter profit" becomes one of the main forms of income of monopoly-financial capital. It is postulated that financial profit is a kind of "extraordinary surplus-value" which is appropriated by monopoly-financial capital by means of the monopolistic control it exerts on the issue and circulation of fictitious capital.

  12. Financial Literacy and Financial Planning in France

    Directory of Open Access Journals (Sweden)

    Luc Arrondel

    2013-07-01

    Full Text Available We study financial literacy in France using the PATER survey and following the Lusardi and Mitchell (2011c approach. We find that some subpopulations are less financially literate than others: women, young and old people as well as less-educated people are more likely to face difficulties when dealing with fundamental financial concepts such as risk diversification and inflation and interest compounding. We also find some differences in financial knowledge depending on the political opinion of the respondents. Finally we show that these differences in financial knowledge are correlated with differences in the propensity to plan: people who score higher on the financial literacy questions are more likely to be engaged in the preparation of a clearly defined financial plan.

  13. Analysis of 57 nonagenarian cancer patients treated by radical radiotherapy. A survey of eight institutions

    Energy Technology Data Exchange (ETDEWEB)

    Ikeda, Hiroshi; Ishikura, Satoshi [National Cancer Center, Kashiwa, Chiba (Japan). Hospital East; Oguchi, Masahiko; Niibe, Hideo; Yorozu, Atsunori; Nakano, Kikuo; Fuwa, Nobukazu; Watanabe, Sadao; Teshima, Teruki

    1999-08-01

    As the human society grows more aged, it is considered important to elucidate factors essential in applying radical radiotherapy (RT) to the elderly, with ages as high as 90 years and greater. A retrospective survey was conducted for patients 90 years of age or older who received radiotherapy with radical intent in eight leading institutions in Japan from 1990 through 1995. Fifty-seven nonagenarian patients were studied. Their ages ranged up to 98 (median 91) and there was a strong female preponderance (M/F: 16/41). The distribution by site was as follows: head and neck, 16; skin and adnexae, 11; uterine cervix, 7; esophagus, 6. The prevailing histopathological diagnosis was squamous cell carcinoma (34), followed by adenocarcinomas (8). The highest age at RT was 98 years [female, skin cancer, died of senility 2.5 years after treatment, with no evidence of disease (NED)] and the longest survivor is 102 years old (female, glottic cancer T2, age at RT 93, alive NED for 8 years, uses wheel-chair). The rate of completion of treatment was 75% (43/57), if the treatment field was limited to the gross primary tumor volume only and if the cumulative dose was above 80% of the tolerable adult dose. Familial escort was necessary for most of the patients in completing the day-to-day RT. Radiotherapy is feasible with radical intent even in the elderly, if the treatment field is limited to the gross primary tumor volume only, if the cumulative dose is above 80% of the tolerable adult dose and if familial support is adequate. (author)

  14. Education and support needs in patients with head and neck cancer: A multi-institutional survey.

    Science.gov (United States)

    Jabbour, Joe; Milross, Chris; Sundaresan, Puma; Ebrahimi, Ardalan; Shepherd, Heather L; Dhillon, Haryana M; Morgan, Gary; Ashford, Bruce; Abdul-Razak, Muzib; Wong, Eva; Veness, Michael; Palme, Carsten E; Froggatt, Cate; Cohen, Ruben; Ekmejian, Rafael; Tay, Jessica; Roshan, David; Clark, Jonathan R

    2017-06-01

    Head and neck cancer (HNC) encompasses a diverse group of tumors, and thus providing appropriate and tailored information to patients before, during, and after treatment is a challenge. The objective of the current study was to characterize the experience and unmet needs of patients with HNC with regard to information and support provision. A 28-question, cross-sectional survey was completed by patients treated for HNC at 1 of 4 institutions in New South Wales, Australia (Chris O'Brien Lifehouse and Liverpool, Westmead, and Wollongong hospitals). It consisted of the adapted Kessler Psychological Distress Scale and questions assessing information quality, quantity, and format. A total of 597 patients responded. The mean age of the patients was 58 years (range, 21-94 years) with 284 men and 313 women (1:1.1). The majority of patients reported information concerning the disease process (76%), prognosis (67%), and treatment (77%) was sufficient, and approximately 50% reporting having received little or no information regarding coping with stress and anxiety. A substantial percentage of patients reported receiving minimal information concerning psychosexual health (56%) or the availability of patient support groups (56%). The majority of patients preferred access to multiple modes of information delivery (72%), with the preferred modality being one-on-one meetings with a health educator (37%) followed by internet-based written information (19%). Patients with HNC are a diverse group, with complex educational and support needs. Patients appear to be given information regarding survivorship topics such as psychological well-being, patient support groups, and psychosexual health less frequently than information concerning disease and treatment. Verbal communication needs to be reinforced by accessible, well-constructed, written and multimedia resources appropriate to the patient's educational level. Cancer 2017;123:1949-1957. © 2017 American Cancer Society. © 2017

  15. Financial Globalization, Financial Crises and Contagion

    OpenAIRE

    Vincenzo Quadrini; Enrique G. Mendoza

    2010-01-01

    Two observations suggest that financial globalization played an important role in the recent financial crisis. First, more than half of the rise in net borrowing of the U.S. nonfinancial sectors since the mid 1980s has been financed by foreign lending. Second, the collapse of the U.S. housing and mortgage-backed-securities markets had worldwide effects on financial institutions and asset markets. Using an open-economy model where financial intermediaries play a central role, we show that fina...

  16. 应用模糊评价方法评价金融院校高数课堂教学%Evaluation on Advanced Mathematics Classroom Teaching of Financial Institutions Based on Fuzzy Assessment Method

    Institute of Scientific and Technical Information of China (English)

    刘红; 张建华; 李一鸣

    2016-01-01

    本文针对金融院校高数课堂教学评价的模糊性和不确定性等特点,以及目前评价方法的不足,首先建立金融院校高数课堂教学评价指标体系及权重,然后构建模糊判断矩阵,最后应用模型层次分析法对金融院校高数课堂教学进行评价,很好的解决金融院校高数课堂教学评价问题。%Aimed at the characteristics of the fuzziness and uncertainty of the classroom teaching evaluation on advanced mathematics in financial institutions and the deficiency of current evaluation methods, this paper establishes the index system and weight of the classroom teaching evaluation on advanced mathematics in financial institutions. Then, it constructs a fuzzy judgment matrix. At last, it uses model analytic hierarchy process to evaluate the advanced mathematics classroom teaching of financial institutions. The problems of the evaluation on advanced mathematics classroom teaching of financial institutions are well solved.

  17. The U.S.S.R. Financial and Economic Institute for Distance Education, and Its Role in the Provision of Higher Economic and Finance Education in the USSR Today.

    Science.gov (United States)

    Ilyin, V. V.

    1983-01-01

    Analysis of the structure and contribution to the training of highly skilled specialists for the national economy and state management by the U.S.S.R. Financial and Economic Institute for Distance Education includes distance teaching methods, use of media, and proposals for the future of distance education in the U.S.S.R. (MBR)

  18. Quality assurance manual for the environmental survey and site assessment program, Oak Ridge Institute for Science and Education

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2000-03-21

    The purpose of this manual is to provide Program policy and oversight for the maintenance of Quality Assurance (QA) and Quality Control (QC) within the Environmental Survey and Site Assessment Program (ESSAP) of Oak Ridge Institute for Science and Education. This manual describes administrative systems, as well as specific quality control procedures, which apply to all functional groups in ESSAP. The sites surveyed under this program are primarily those where residual contamination from previous operations may pose a potential risk to the environment or to the health and safety of those in the immediate vicinity. Other major activities include environmental assessments, training related to decommissioning survey activities, effluent sampling and monitoring, special laboratory analyses, program appraisals and document reviews, consulting on environment-related topics, and technical assistance for guideline development. The methodology for performance of particular field and laboratory activities is presented in the ESSAP Survey Procedures Manual and the Laboratory Procedures Manual.

  19. Comparison and Reference of Financial Supervision and Assessment System over Higher Educational Institutions%高等教育财政监督评估机制的比较与借鉴

    Institute of Scientific and Technical Information of China (English)

    李成立; 石天唯

    2013-01-01

    目前,我国高等教育财政监督评估机制尚不健全,财政资金使用过程中存在着诸多问题。通过对日本和印度在高等教育财政机构设置、绩效拨款、高校评估等方面的比较分析,给与我们的启示是:我国应建立完善的高等教育财政监督评估机制,即设立独立的高等教育评估机构,强化外部监督职能,引入外部机制,建立公示制度,发挥教职工代表大会的作用并对高校财务人员专业化及总会计师去行政化,从而为防范财务风险,提高资金使用效益提供基础性支持。%The system of financial supervision and assessment over higher educational institutions in China has now been incomplete, causing many problems in using financial fund. The analysis of Japan and India with regards to financial organization structuring, per-formance-based financial allocation and the assessment of higher educational institutions gives inspiration to China. China shall estab-lish a complete financial supervision and assessment system over higher educational institutions, in other words, setting up independent assessment organizations, enhancing external supervision function, introducing external mechanisms, setting up a publicity system, giv-ing play to faculty delegate congress, and professionalizing the financial staff in an effort to prevent financial risks and increase capital using efficiency.

  20. Cultivation of the Job-oriented Financial Professionals in Local Institutions%地方院校面向岗位需求的金融人才培养研究

    Institute of Scientific and Technical Information of China (English)

    马小南; 周鲁柱

    2014-01-01

    One of the basic functions in local institutions is to serve the local economy. Although having a large economy volume,Shandong province,whose financial development is lagging behind. Local Institutions in Shandong province has a great task which is to train the personnel needed for the financial sector reform. After the research of the demand situation of financial professionals ,we found out that Shandong Province has a great demand for application-oriented financial professionals. Through an analysis of the finance major of a certain college in Shandong Province ,we found out that there are many problems in the cultivating process of these students who would be the future financial professionals,affecting the quality of graduates evaluation. Local institutions should base on the demand of the job to build an application-oriented training system for the financial professionals,cultivate high quality application-oriented talents,in order to meet the demand of the financial professionals in the certain field.%服务地方经济是地方院校的基本职能之一。作为经济大省,山东省金融发展却相对滞后,亟需培养金融业改革所需人才。分析山东省某高校金融学专业发现,地方高校在金融人才培养过程中存在诸多问题,影响到毕业生质量评价。地方院校应根据岗位需要,构建应用型金融人才培养系统,培养出高质量应用型人才,满足金融人才市场的需求。