http://johncyriac.com Tue, 09 Jun 2009 02:04:27 +0000 http://backend.userland.com/rss092 en Operational Risk Management (ORM) is undergoing a transformation and it is widely getting recognised as a major area of risk for financial organisations. Major high street banks in the UK have already implemented BASEL II requirements for Operational Risk (OR) and now they are looking to reap more from their ... http://johncyriac.com/?p=23 My nine year old twin boys asked me the question - What is money really? Ofcourse they wanted to see if there is a simple way to buy more toys and sweets. I am trying to answer 3 questions. 1) What is money? 2) Who creates money? 3) Who controls ... http://johncyriac.com/?p=22 The Structural Analysis theory considers structural and economic differences between parties and the resulting power difference as the most important factor affecting success in negotiations. The theories of psychological influence provide a different approach and tactics for success in negotiations. This essay analyses the effect of power and influence in ... http://johncyriac.com/?p=20 This paper analyses the legal and financial aspects of investing in Wind Energy Projects in Kerala, India. Although the paper focuses on Kerala State, it can provide a basis for a framework to analyze the viability of wind energy projects in other States of India also. The paper starts ... http://johncyriac.com/?p=18 The initial sections of this paper define Operational Risk (OR), discuss the rational for measuring OR and details of Basel II recommendations for OR mitigation. The case study section of this paper considers a sample UK financial institution and its existing initiatives and recommends certain changes for best practice OR ... http://johncyriac.com/?p=17 The compliance monitoring department of an FSA regulated institution is normally labelled as a “tick in the box” function. The true function of the compliance team is to minimize operational failures which can be as a result of fraud and mismanagement and can lead to financial loss for customers. Regulation ... http://johncyriac.com/?p=15 There are new risks created because of the securitization transaction other than the traditional risks of failure of obligors meeting their obligations. In the US, mortgage backed issuance (MBS) amounted to $1.6 trillion in 2006. It is important to consider the risks in this type of investments rather than relying ... http://johncyriac.com/?p=14 Securitised1 transactions reached a total of $20 billion in 2006 compared to $6 billion in 2002 in Latin America, which is a rapid growth as per BIS September 07 quarterly report. But the average size of issues and their lack of secondary market liquidity are stated as reasons for grading ... http://johncyriac.com/?p=11 In a fully financially integrated world, real interest rates will be the same; investments with similar risks will provide the same return across the world. So in such a “one price holds” situation, money will flow to wherever be the maximum return. We are not there yet, but integration has ... http://johncyriac.com/?p=10 Covered bonds are unique in their dual nature of protection offered to investors. These are issued by banks which are liable for repayment and are backed by high quality mortgages1 or loans to public sector. Investors have priority claim on the underlying assets. Covered bonds are considered as a high ... http://johncyriac.com/?p=9