scholarly journals Sovereign Wealth Fund‟s (Swf) Increasing Role as Bank Capital Provider to Indian Banks

2021 ◽  
Vol 1 (1) ◽  
pp. 22-25
Author(s):  
Narayanan Krishna Kumar

In a globalised uni-polar world, the influence of Capital Providers is shifting from Private Actors to that of Public Actors. The role played by government owned investment funds or Sovereign Wealth Funds (SWF) is becoming pronounced and it has crossed $ 8.4 trillion recently in 2021. The paper examines and explains the issue of SWFs with specific reference to its role as a provider of Banking Capital to distressed banks in a stressful situation. The recent case of DBS India’s take over of Lakshmi Vilas Bank is also a case in point. A review of the context and an evaluation of the strategic risks involved with regard to governance, economy, regulation and geo-politics are also flagged with clear evidenced perspectives. The issues raised in the paper has high topical relevance to the world of Money and Finance in general and Banking Capital in particular.

Author(s):  
N. Krishna Kumar

In a globalised uni-polar world, the providers of finance capital is slowly shifting from the influence of Private Actors to that of Public Actors. The role played by government owned investment funds or Sovereign Wealth Funds (SWF) is becoming pronounced and has crossed $ 8.4 trillion recently. The paper examines and explains the issue of SWFs with specific reference to its role in providing capital to distressed banks. The recent case of DBS India’s takeover of Lakshmi Vilas Bank is also discussed with relevant India material as a context. A review of the context and an evaluation of the strategic risks involved with regard to governance, economy, regulation and geo-politics are flagged with clear evidenced perspectives. The issues raised in the paper has high topical relevance to the world of Money and Finance in general and Banking regulators in particular.


GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 243-252
Author(s):  
Dr. M.A. Bilal Ahmed ◽  
Dr. S. Thameemul Ansari

SHG is a movement which came to being in the early 1969. Prof. Muhammed Younus, a great economist of Bangladesh took initiative in setting up Self Help Groups and these SHGs were gradually spread all over the world. This social movement unites the people hailing from poor background. Those who are joining this group feel socially and economically responsible to one another. In India, there are some likeminded bodies and stakeholders of some government organizations play pivotal role towards the formation of SHG In this research article, role of SHGs in Vellore district is studies under the three dimensions of Cognitive role, leadership role and role towards entrepreneurship.


Author(s):  
Denefa Bostandzic ◽  
Matthias Pelster ◽  
Gregor N. F. Weiss

Author(s):  
Vahid Yücesoy

Oil-rich countries have oftentimes been confronted with the challenge of diversifying their economies away from oil dependence given the exhaustible nature of these fossil fuels. Investing in sovereign wealth funds has been one of the most ubiquitous ways of preparing for the post-oil period. Investing in sovereign wealth funds rather than directly injecting the oil revenues in the economy not only precludes the outbreak of the Dutch Disease (which is known for giving rise to an exchange rate appreciation, crowding out non-oil industries and keeping the economy reliant on oil), but it also saves for future generations. Yet, in the case of Azerbaijan, the Sovereign Wealth Fund of Azerbaijan (SOFAZ), founded in 1999, has only increased this reliance on oil. Using the rentier states theoretical framework, this paper will argue that the direct control over SOFAZ exercised by the president and the lack of consultation with the NGOs have made corruption easier, making the task of economic diversification more difficult. This has been possible because through corruption the president has often resorted to oil money to buy peace rather than invest it in economic diversification. As a result, since the foundation of SOFAZ, the country is more reliant, not less, on oil.   Full text available at: https://doi.org/10.22215/rera.v8i1.223  


Author(s):  
Lucia Quaglia

This book examines the post-crisis international derivatives regulation by bringing together the international relations literature on regime complexity and the international political economy literature on financial regulation. Specifically, it addresses three interconnected questions. What factors drove international standard-setting on derivatives post-crisis? Why did international regime complexity emerge? How was it managed and with what outcomes? Theoretically, this research innovatively combines a state-centric, a transgovernmental and a business-led explanations. Empirically, it examines all the main sets of standards (or elemental regimes) concerning derivatives, namely: trading, clearing, and reporting derivatives; resilience, recovery, and resolution of central counterparties; bank capital requirements for bank exposures to central counterparties and derivatives; margins for derivatives non-centrally cleared. Regime complexity in derivatives ensued from the multi-dimensionality and the interlinkages of the problems to tackle, especially because it was a new policy area without a focal international standard-setter. Overall, the international cooperation that took place in order to promote regulatory precision, stringency, and consistency in the regime complex on derivatives was remarkable, especially considering the large number of policy actors involved (states, private actors, regulators). The main jurisdictions played an important role in managing regime complexity, but their effectiveness was constrained by limited domestic coordination. Networks of regulators facilitated international standard-setting and contributed to managing regime complexity through formal and informal tools. The financial industry, at times, lobbied in favour of less precise and stringent rules, engaging in international ‘venue shopping’; other times, it promoted regulatory harmonization and consistency.


2019 ◽  
Vol 1 (2) ◽  
pp. 36-49
Author(s):  
Mahdi FAWAZ ◽  
Jean BELIN ◽  
Hélène MASSON

This article presents the first results of a statistical analysis of the ownership links between the major European and American defence contractors. This approach, centred on the shareholders and subsidiaries of these companies, enables us to explore the depth of the national links (company and country of origin) and the density of the ownership cooperation that exists within Europe, as well as with the rest of the world, particularly the United States. Information about defence contractors’ ownership links is difficult to obtain and precautions must be taken in the interpretation of the results.  In terms of defence contractor shareholders, it would appear first that the national link is strong for Sweden, Spain and France, less so for Germany and Italy, and particularly weak for the United Kingdom. Next, in European terms the links are concentrated on Airbus, MBDA and KNDS and are little developed in other companies. Finally, we observe asymmetrical links with the USA and a significant presence of American investment funds.


2018 ◽  
Vol 55 (3) ◽  
Author(s):  
Catherine Du Toit

Since Wild Dog first crawled from the Wet Wild Woods and laid his head on Woman’s lap, he has helped man, not only to hunt and protect, but also as guide. A guide with enhanced senses in the physical world who could find a way across unmarked landscapes, a clever empathic being who could lead man to certain places or to specific individuals. No wonder then that the best-known ancient dog deities accompany humans as guides, often on their way to the afterlife. Dog guides—not to be confused with guide dogs—have remained a constant feature of the representation of dogs in literature, reflecting as much of the nature of these dogs as of the nature and needs of the humans they attend. In this way, the human-animal relationship also reveals how the solipsistic tendencies of human self-definition limits our capacity for being in the world. In the two contemporary novels that form the basis of my enquiry, La Possibilité d’une île (2005) by Michel Houellebecq and Op ’n dag, ’n hond (2016) by John Miles, the agency of dog guides introduces an intriguing element of distancing, reminding us that the self has meaning only in relation to another and that human concerns are not absolute.


Temida ◽  
2014 ◽  
Vol 17 (4) ◽  
pp. 19-42 ◽  
Author(s):  
Sasa Mijalkovic ◽  
Vladimir Cvetkovic

This paper is a descriptive statistical analysis of geospatial and temporal distributions of victimized people (killed, injured, affected and damage) with specific reference to geophysical, meteorological, climatological, biological and hydrological disasters that have occurred in the world of from 1900 to 2013 year. In addition, people affected by the various natural disasters could be classified as invisible victims as they are not recognized as victims either by the state or society, and consequently they do not receive adequate protection, assistance and support. Statistical research was conducted on data from the international database of the Centre for Research on Disaster Epidemiology Disaster (CRED) in Brussels. Temporal analysis examined the distribution and effects of natural disasters on people, at intervals of ten years. The same methodology was adopted for analyses of geospatial distribution of victimized people because of natural disasters by continent. The aim of the research is to determine the geospatial and temporal distribution of victimization of people with natural disasters in the world geospace in the period from 1900 to 2013. The survey results clearly indicate an increase in the number and severity of the consequences of natural disasters.


Author(s):  
E. S. Biryukov

The paper considers two main original approaches to investing the assets of institutional investors (the total amount of their assets in the world is about 100 trillion dollars) – the one of Norway's sovereign wealth fund Global and approach of Yale's endowment fund. Fund Global with assets of $ 716 billion dollars is the largest institutional investor in the world, its strategy is based on the assumption that markets are efficient and their long-term growth lies in the balance of investment in stocks , bonds, and , since more recent time - in real estate. Financiers of Yale in the 1990s revolutionized the approach to investment, firstly, by reducing the proportion of stocks and bonds in favor of private equity and real estate, and secondly , by shift from investments in the domestic market to foreign markets. Not all institutional investors are ready to follow these strategies because of the risk of negative returns in times of crises, but in the medium- and long-term, these approaches allow to beat inflation. For example, Yale's endowment has grown since 1985 to 2012 from 1.6 to 19 billion dollars, and high yield allows to transmit 1 billion dollars (!) to the budget of the university annually. Endowment funds are one of the key sources of revenues of leading American universities. Analysis of the investment policy of endowment funds and sovereign wealth funds shows that fundamental changes in the concept of investing began to occur since the late 1980s - early 1990s . Institutional investors of both these types ceased to focus on conservative instruments - bonds and deposits , and use other options: Global - stocks , Yale – private equity , hedge funds, real estate investments , etc. With the expand of the spectrum of instruments in which the funds are invested the income volatility increases either, and therefore the institutional investors should be both transparent and explain to the public the motives of investment strategy changes.


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