VaR‚ Stressed VaR‚ and Expected Shortfall Jim Chen* This note summarizes the measurement of market risk in the trading book under the most recent accords of the Basel Committee on Banking Regulation‚ known as Basel II‚ 2.5‚ and III. Each of these three accords on global banking regulation has embraced a different primary measure of market risk: traditional value-at-risk (VaR)‚ stressed VaR‚ and expected shortfall. After introducing the mathematics of VaR and expected shortfall‚ this note will
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millennium development goal 6 which is the eradication of HIV/AIDS‚ malaria and other diseases. This is a huge problem throughout Africa and especially closer to home in South Africa. I will be discussing the overview of the initial goal and discuss how the goal has progressed from origin to present time. I will also be looking at how South Africa has been dealing with the eradication of this goal. And finally my recommendations on how these goals could be achieved faster and better. The targets for the
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Introduction: In this twenty first century‚ one of the most widely discussed topics throughout the world is Millennium Development Goals (MDG). In September 2000‚ meeting at the United Nations Millennium Summit‚ the world leaders agreed to a remarkable document‚ the Millennium Declaration. The Declaration demanded that the world set its sights higher and aim for eight specific goals‚ most of which were to be achieved by 2015. What subsequently came to be known as the MDGs are - 1. Eradicate
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Accounting has been around since the beginning of civilization. ¡§Accountants participated in the development of cities‚ trade‚ and the concepts of wealth and numbers.¡¨ (Giroux) The importance of accounting cannot be overemphasized. Equally important are the standards used to guild the application of accounting practice. Without principles and standards‚ financial reporting would not fairly present the financial position of a company. Accounting has changed and evolved vastly over time and continues
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April 3‚ 2013 Assignment 1 Generally Accepted Auditing Standards Generally Accepted Auditing Standards | Action by Jones Resulting in Failure to Comply with Generally Accepted Auditing Standards | The auditor must have adequate technical training and proficiency to perform the audit. | Jones‚ CPA hired to students that did not have any experience. | The auditor must maintain independence in mental attitude in all matters relating to the audit. | Arthur Jones
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a person once the child has reached the third trimester of development. Although Canadian standards do not recognize a child as an actual person until they are birthed‚ there should be certain safeguards in place in order to protect the child‚ despite the fact that they have not yet been born. I am aware that there are certain provisions in place to protect unborn children‚ but a child that has reached the third trimester of development should be considered a “person” in my opinion‚ because they
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Target Corporation Arthur S. Camua Jr. University of Phoenix Management MGT/521 Professor Mr. Jeffrey Gordon December 13‚ 2012 Target Corporation Target Corporation is one of America’s biggest corporations according to Fortune 500. Target is a retailer that operates general merchandise and food discount stores. Being one of the biggest and one of the leading retailers in the America‚ Target enjoys a strong market position to promote market opportunities and adds to their bargaining power
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Competency Goal 1 To establish and maintain a safe‚ healthy learning environment Functional Area 1: Safe My goal in this functional area is to keep children safe at all times by supervising them constantly and establishing class rules that will help children stay safe. The class rules related to this functional area will be walk in the classroom‚ keep your hands to yourself‚ and stay in the classroom at all times. I will teach children why these class rules are so important as well. In addition
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ASSIGNMENT: “WHAT HAS SOUTH AFRICA DONE TO ACHIEVE THE MDG’S?” INTRODUCTION The Millennium Development Goals are set by the United Nations to be achieved by South Africa. Important global partnerships for development were formed‚ to ensure productive work for all‚ commitment‚ good governance and poverty eradication. Most importantly‚ “What has South Africa done to achieve the MDG’s?” GOAL 1 – TO ERADICATE EXTREME POVERTY In South Africa the severity of poverty has been reduced since
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The third Millennium Development Goal is to promote gender equality and empower women by the year 2015. One of the main parts of this goal is to eliminate gender disparity in primary and secondary education (UN MDGs). However‚ in order to do this the first goal‚ end poverty and hunger‚ must also be accomplished. Poverty is a major barrier to women who must choose between giving what little money they have to either their family or their education. Some countries‚ such as Egypt and Tunisia‚ have given
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