Validation of the backtesting process under the targeted review of internal models: practical recommendations for probability of default models

2019 ◽  
Author(s):  
Lukasz Prorokowski
Keyword(s):  
Internal Models ◽  
Probability Of Default ◽  
Practical Recommendations

Part II Commercial Banking, 10 The Internal Ratings-Based Approach

2018 ◽  
Author(s):  
Gleeson Simon
Keyword(s):  
Internal Models ◽  
Commercial Banking ◽  
Probability Of Default ◽  
Expected Loss ◽  
Loss Given Default ◽  
Total Capital ◽  
Regulatory Standard ◽  
Model Probability ◽  
Irb Approach

This chapter discusses the internal ratings-based approach (IRB). The IRB permits a bank to use its internal models to derive risk weights for particular exposures. There are two available bases for the IRB: foundation (F-IRB), which permits the bank to model Probability of Default (PD), but relies on regulatory standard figures to determine Loss Given Default (LGD) and Exposure at Default (EAD); and advanced (A-IRB), in which all three of these are modelled. The A-IRB IRB approach models PD, LGD, EAD, and M. Both IRB approaches model both expected loss (EL) and unexpected loss (UL), and IRB banks are expected to recognise the EL derived from their models in their capital calculations. Consequently, a bank using an IRB approach will generally have a different total capital level from that which it would have if it were an SA bank.

Internal Models and Body Schema in Tool Use

2012 ◽  
Vol 220 (1) ◽  
pp. 50-52 ◽  
Author(s):  
Martina Rieger
Keyword(s):  
Tool Use ◽  
Body Schema ◽  
Internal Models

Internal Models in Tool Use

2007 ◽  
Author(s):  
Cristina Massen ◽  
Arvid Herwig
Keyword(s):  
Tool Use ◽  
Internal Models

Corticostriatal signatures of learning efficient internal models for control

2018 ◽  
Author(s):  
Daniel McNamee ◽  
Matthew Botvinick ◽  
Samuel Gershman
Keyword(s):  
Internal Models

Еnforcement of Property Rights and Conractual Obligations

2003 ◽  
pp. 83-100 ◽  
Author(s):  
A. Radygin ◽  
R. Entov
Keyword(s):  
Property Rights ◽  
Legal Framework ◽  
Economic Consequences ◽  
Theoretical Approaches ◽  
Contractual Obligations ◽  
Regional Authorities ◽  
Practical Recommendations

The paper deals with theoretical approaches to the problems of property rights and contractual obligations and with analysis of economic consequences of the imperfect enforcement system. In particular, the authors consider Russian experience in the sphere of corporate conflicts. Legal and practical recommendations related to the improvement of legal framework, judiciary reform, executory process and different federal and regional authorities are also presented.

Institutional environment creating for attracting investment into infrastructure: The cases of Russian regions

2019 ◽  
pp. 134-157 ◽  
Author(s):  
G. A. Borshchevskiy
Keyword(s):  
Institutional Environment ◽  
Private Investment ◽  
Infrastructure Development ◽  
Russian Regions ◽  
Development Indicators ◽  
The Russian Federation ◽  
The Behavior Of Government ◽  
The City ◽  
Nenets Autonomous ◽  
Practical Recommendations

The article examines the institutional process in a regional economy connected with the infrastructure development. We use the neoinstitutional approach to study factors that influence the behavior of government and business in their interaction in the economy. We also use statistical methods to analyze the dynamics of socio-economic development indicators of the subjects of the Russian Federation as well as the results of measures to attract private investment into infrastructure, including the PPP. We chose the city of Moscow and the Yamalo-Nenets Autonomous District as two empirical case studies which differ in economic and geographic conditions, but both demonstrate success in attracting private investment and implementing infrastructure projects. Our conclusions are consistent with a theory that asserts the primacy of institutional environment in relation to project implementation. We make also some practical recommendations for the development of the institutional environment which are acceptable for all regions solving similar problems of infrastructure development.

ИССЛЕДОВАНИЕ ТОЧНОСТИ ДЕТАЛЕЙ, ПОЛУЧАЕМЫХ ПРИ РАЗДЕЛИТЕЛЬНЫХ ОПЕРАЦИЯХ В ПЕРЕНАЛАЖИВАЕМЫХ ШТАМПАХ

2018 ◽  
pp. 52-63
Author(s):  
Е. А. Фролов ◽  
В. В. Агарков ◽  
С. И. Кравченко ◽  
С. Г. Ясько
Keyword(s):  
Sheet Metal ◽  
Sheet Metal Forming ◽  
Metal Forming ◽  
Balance Method ◽  
Experiment Planning ◽  
Practical Recommendations

To determine the accuracy of the readjustable punches for separating operations (perforation + punching out) of sheet-metal forming, the accuracy parameters were analyzed using the random balance method using the method of experiment planning. Analytical dependencies are obtained to determine the values of deviation of the outer and inner contour dimensions of perforated and punched out sheet parts. From the dependencies obtained, it is possible to estimate and predict the value of deviation in the dimensions of the resulting part at any time during the operation of the punch. Practical recommendations on the calculation of the actuating dimensions of the working elements (stamping punch, matrix) of readjustable punches are offered.

First Insights on Peruvian Luxury Consumers

2018 ◽  
Vol 9 (8) ◽  
pp. 699-712
Author(s):  
Anne-Flore Maman Larraufie ◽  
Keyword(s):  
Emerging Markets ◽  
Cultural Dimensions ◽  
Historical Background ◽  
Two Stage ◽  
Secondary Sources ◽  
Strong Potential ◽  
Analytic Process ◽  
Emerging Country ◽  
Research Questions ◽  
Practical Recommendations

Peru is an emerging country showing strong potential for future luxury developments. It already holds luxury regular consumers, mainly in the Lima capital. However, it is currently approached in a standardized process by luxury firms, following what is done in other emerging markets for luxury. To be efficient, it is necessary to get more knowledge about Peruvian consumers. This is what this article aims at. After reviewing the historical background of the country along with its cultural dimensions, we present results from a two-stage analytic process based on data collected from secondary sources and interviews with consumers. We derive from that practical recommendations for luxury managers and propose some research questions and hypotheses to be further explored and tested.

Towards Coherent European Crime Victims Policies and Practices

2019 ◽  
Vol 25 (2) ◽  
pp. 122-127
Author(s):  
Dobrinka Chankova ◽  
Gergana Georgieva
Keyword(s):  
Domestic Violence ◽  
Crime Victims ◽  
Political Factors ◽  
Victims Of Crime ◽  
Victim Protection ◽  
National Governments ◽  
Protection Order ◽  
Practical Recommendations ◽  
Policies And Practices

Abstract This study explores the latest developments on the European scale of the policies and practices towards victims of crime. Due to many economic and political factors a lot of people are in movement and exposed to the risk of becoming victims of crime. During the last decade the statistics already records enhanced victimization of the global European society. These have provoked numerous legislative actions and practical initiatives in order to ensure safety, to prevent falling victims to crime and to protect better victim’s rights and needs. The European Protection Order Directive, Victims’ Directive and Convention against domestic violence, are among the most advanced legal acts worldwide. However, it is observed that their implementation in Europe is asymmetric and sometimes problematic. This paper explores the role of the national governments and specialized agencies and mainly the deficits in their activities leading to the non-usage of victims of all the existing opportunities. The newest supra-national acts aiming at the acceleration of transposition and ratification of these important for the building of victim-friendly environment documents, are discussed. Practical recommendations for a more effective victim protection are developed.

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