...himself or herself by not eating the foods their friends have at parties, outings, etc. She also works with the families on how to educate the schools (child's teachers) about the illness and how the school could embrace the child and create an atmosphere where the child feels more comfortable socially and the other students are not intimidated by child's wheelchair and/or presence of personal assistant or nurse. Ronit also, spent 7 years practicing in the foster home/adoption field. She worked with prospective adoptive parents during the time they meet the child they decide to adopt from the foster care system. She utilizes a brief systemic model of therapy. In her approach, the client is the expert and we work with the strengths and resources the client already possesses. In this approach (solution-focused therapy is one model of systemic therapy she uses), she and her client’s look at what has worked in the past and what was the client doing differently to achieve these exceptions when the "problem" was not present or controlling the client's life. A very similar model is the Narrative approach (client and therapist discuss an "ideal future" and look for the "unique outcomes" when the problem is not so present in the client's life. In this model, metaphors are used during the conversation. In solution-focused...
Words: 1092 - Pages: 5
...Objects/Events what :1.The role of national governance upon bank-level risk in the Asian region is analyzed 2. Analyze the role of the bank's risk level governance in Asia Who:Asians bank where:Asia when:1998 to 2012. how many:20 countries in Asia Objects/Events what :1.The role of national governance upon bank-level risk in the Asian region is analyzed 2. Analyze the role of the bank's risk level governance in Asia Who:Asians bank where:Asia when:1998 to 2012. how many:20 countries in Asia Focus / Research Questions 1.what is the different effects for nation governance between the developed countries and developing countries ?(level different in governance and legal structure ) 2.how can Nation governance...
Words: 2387 - Pages: 10
...Role: James Michaels – senior associate/manager Summary: * Audit team for Spector falling apart * Team members had difficulty completing work * Arvind Patel (co-op student) complained consistently; always needed Ellis’ help – rumored to shirk work previously * Adrian Noth (co-op student) – rumored to shirk work previously * Caleb Oldman (co-op student) – publicly wished to join Alpha LLP (competitor firm) * Jody Ellis & Kira Dee (both senior associates) – escorted out by security; appeared to have been fired despite their outstanding past performances– both recently failed CA qualification exams * Scott Ireland & Heather Goodman (junior associates) – both writing CA exams soon worried about being fired if they didn’t pass – performance reviews assessed by ability to complete work efficiently and help senior associates * Requested adding new team members to help with work – request was denied by Adam Nguyen and Feldman (both senior managers) * Animosity between people who took work home vs. people who stayed at work * Received information late by Spector; later received different/new information * Senior managers/associates ignored Michaels doubts – didn’t address issues * Wood – partner of the firm and in charge of the Spector audit 1. Was the team destined for failure? Who or what is to blame for the failure? No, based off the team’s past performance, it seemed as though the job would be similar to other cases they’ve...
Words: 891 - Pages: 4
...BFF9515 Options, Futures and Risk management Group assignment Semester 1, 2014 Due date: 16.05.2014 BFF5915 Group Assignment Part 1 1. Compute Beta * Method: First, compute the returns of each stocks and the return of the index. They can be calculated using excel with the formula: (current price / the previous price) – 1, Second, use covariance and variance function in excel to calculate the beta of each stock. Third, multiply each beta with the corresponding weight to calculate the portfolio beta. * The beta for each stocks and the beta for portfolio (see table 1.1) Details can be seen in sheet “EquityReturnData” in the data file “Data.xlsx”. Table 1.1 The Beta(s) of Stocks and Portfolio Name | Code | Weight | Beta | CROWN RESORTS | 51333T(RI) | 7.25% | 0.8039 | COMMONWEALTH BK.OF AUS. | 314054(RI) | 7.26% | 0.8950 | NATIONAL AUS.BANK | 901842(RI) | 3.74% | 1.1317 | COCHLEAR | 871051(RI) | 3.96% | 0.8402 | WESTFIELD GROUP | 912307(RI) | 2.56% | 0.7096 | TELSTRA | 871685(RI) | 4.60% | 0.5050 | MACQUARIE GROUP | 865438(RI) | 4.36% | 1.4238 | INVOCARE | 28047X(RI) | 3.87% | 0.7210 | FLIGHT CENTRE TRAVEL GP. | 871048(RI) | 4.28% | 1.0063 | CSL | 131775(RI) | 4.89% | 0.6488 | SLATER & GORDON | 50509L(RI) | 4.79% | 0.3001 | JB HI-FI | 27736M(RI) | 4.50% | 0.8261 | CARSALES.COM | 67967W(RI) | 4.54% | 0.8459 | WOOLWORTHS | 322714(RI) | 4.86% | 0.5500 | FORTESCUE METALS GP. | 314160(RI) | 7.15% | 1.8687 | The Portfolio...
Words: 2147 - Pages: 9
...Definition of 'Systematic Risk' The risk inherent to the entire market or entire market segment. Also known as "un-diversifiable risk" or "market risk." Interest rates, recession and wars all represent sources of systematic risk because they affect the entire market and cannot be avoided through diversification. Whereas this type of risk affects a broad range of securities, unsystematic risk affects a very specific group of securities or an individual security. Systematic risk can be mitigated only by being hedged. Even a portfolio of well-diversified assets cannot escape all risk. ________________________________________________________________________________ Definition of 'Unsystematic Risk' Company or industry specific risk that is inherent in each investment. The amount of unsystematic risk can be reduced through appropriate diversification. Also known as "specific risk," "diversifiable risk" or "residual risk." Read more: http://www.investopedia.com/terms/u/unsystematicrisk.asp#ixzz2BkJfp9Ns For example, news that is specific to a small number of stocks, such as a sudden strike by the employees of a company you have shares in, is considered to be unsystematic risk. _________________________________________________________________ Numeric Investors is a Portfolio Fund Management Company, located in Cambridge Mass. Lang Wheeler is Numeric's founder and C.E.O. His partners are John Bogle and Mark Engerman. Numeric Investors was founded in 1989...
Words: 1149 - Pages: 5
...Identify risks to agency operations Task 1 Find a newspaper/magazine/internet article that relates to one of the risks to agency operations (economic, financial, social, technology, human behaviour, occupational health and safety, legal, political, social, property and equipment, environmental and natural events). Using the table below, say how the subject of the article will possibly affect the business, it’s likelihood, consequences, level of risk and what steps could be taken to minimise or transfer the risk: |Newspaper/magazine/internet article: | | | |Business risk is the risk which is associated with core business activities, for example, Demand creation, supply, operations, production, raw | |material procurement etc. If an organization fails to properly manage these activities then the probability of impact of these failures on revenue| |becomes too high and the business can loose some part of its sales. Due to lower revenue the profits of business gets negatively impacted, | |particularly in case where Fixed Cost is very high the magnitude will be very high. | |while on the other side, financial risk is associated with the debt level...
Words: 1532 - Pages: 7
...The idea that a business or a financial institution becomes so large and powerful that it is ingrained in the economy and that if it fails it will have a ripple effect throughout the economy. The phrase “too big to fail” is directly associated with the government providing financial assistance to prevent the failure of such businesses. The failures of these companies are directly interconnected with the economy. Large companies usually do business with other large companies, and if a large company fails, then the companies that rely on the business will also be brought down, this directly affects business institutions and the employment market. The number of jobs related to that business will have a downturn, and because these companies are so large that the employee number is also ridiculously high. The phrase “too big to fail” arose in the financial crisis of 2008. The government had to bail insurers, banks, and auto companies. These companies became big by swallowing smaller companies that in the end, they took competitive advantage and knew that the government would have to bail them out or else risk economic collapse of global proportions. Too big to fail does not literally mean that a financial institution cannot fail, but that it is not allowed to fail. Being too big to fail does not mean that there are no risks, in fact it means the opposite. Financial institutions are really fragile inherently, as intermediaries they are exposed to all different kind of...
Words: 630 - Pages: 3
...Lately, the concept of unconscious bias or “hidden bias” has come into the forefront of our work as diversity advocates because the dynamics of diversity are changing as we enter the 21st Century. Our tradition paradigm has generally assumed that patterns of discriminatory behavior in organizations are conscious; that people who know better do the right thing, and those who do not cause bias. As a result, we have developed a “good person/bad person” paradigm of diversity: a belief that good people are not biased, but inclusive, and that bad people are the biased ones (R. Cook 2008). Forms of unconscious bias with foreign employees: Out of the 10 unconscious biases mentioned in the article by Cook Ross (2014), I have noted the following to have a negative impact on the international business relations. Diagnosis bias, having foreign employees from India, employees make a quick decision on how to act with a person just based on initial perceived opinion. Pattern recognition, employees decide that if the Indian employee has completed a task wrong once before, they will do it wrongly again. Value attribution, employees consider that foreign Indian employees have values that they take for granted. Confirmational behavior, employees in Finland have noted to consider that what confirms their beliefs and then ignore what contradicts their beliefs while also disregarding the facts that contradict their points of view. Automatic perception, the Finnish employees have a reflexive reaction...
Words: 894 - Pages: 4
...Eastern Equine Encephalitis An Overview of the Disease Kelly Cammiso Public Health 101 Professor Brown May 10, 2013 Abstract In recent years, Eastern Equine Encephalitis has made national headlines in the media. Although it is rare, the disease has devastating effects, especially the encephalitic form of the disease. The purpose of this literature is to provide an overview of Eastern Equine Encephalitis Virus. History, geographical data, epidemiology, etiology, symptoms, diagnosis, treatment, mortality rates and prevention will be discussed respectively. History and Geographical Data According the Centers for Disease Control, the first human case of Eastern Equine Encephalitis Virus (EEEV) was discovered in 1938 in Massachusetts. Devastatingly, thirty children died from the disease. Another case was reported by Nathanial Reade, author of “The War on Mosquitoes,” about a girl who lived in Dover, Massachusetts in 1982. Lisa Healy was only 14 when she came down with EEE. It started with flu-like symptoms and then on a Saturday afternoon her parents became increasingly alarmed and took her to the hospital. After a seizure that occurred that night, she went into a coma for two and a half months. Finally, she came out of it but was partially paralyzed. Currently, she needs 24 hour care and is developmentally somewhere between a two and five year old (Reade, 2001) The disease is somewhat rare, but has made a comeback throughout the past ten years. Coinciding epidemics...
Words: 1083 - Pages: 5
...NAV = Market value of assets - liabilities Shares outstanding HPR(Funds) = Income Dist. +Capital Gain Dist. +Ending NAV-Beginning NAV)Beginning NAV Portfolio Turnover = ($ Sold & Repurchased)Average Daily Assets Tax Efficiency = Tax-Adjusted ReturnPre-Tax Return Average Holding Period = 12 months / (portfolio turnover/100) HPR = (Ending Price-Beginning Price+Cash Divi.)Beginning Price Arithmetic Mean = Simple Average = (R1 + R2 + …+ Rn) /n Geometric Mean = Time-weighted Average Return = 1+R1*…*1+Rn 1n-1 * Account for time value but ignore the size of cash flow * More volatility, the bigger the difference between AM and GM Always quote annual rates APR = Annual % Rate; EAR = Effective annual rate (Takes into account of compounding) EAR = 1+Rate per period 1n-1 1 stdev = 68.2%, 2 = 95.44, 3 = 99.74 Systematic risk – Market Risk, liquidity risk Unsystematic risk – Industry or company specific risk VAR = ε(Ri-R) 2(n-1), Expected Return = E (R ) = E Pi *Ri Coefficient of Variation = Risk Per Unit of Return = St. Dev/ R Stop Loss – Sell if price fall below a certain level Stop buy – Buy if the price rise above a limit Limit Buy – buy some number of shares if and when they may be obtained at or below a target price Limit sell – sell if and when the stock price rises above a specified limit Margin = P*Q-(Loan)P*Q = Equity/Value of Stock Short Margin = P*Q+E-(P1*Q)P1*Q Hedge Fund – Price once a day, active, costly...
Words: 263 - Pages: 2
...“Anything that is too big to fail is too big to exist Simon Johnson. Discuss. A. What does this mean? What are its implications? Before the 2009 financial crisis banks were conviced that they we're ォ too big to fail サ Before the 2009 crisis, banks were conviced they were too important to fail in the sens that their importance in the market was such that the states could not afford to drop them. Indeed governements can't let any bank fail because of systemic risk and the need to maintain the confidence in the market and between banks. So the banks favored the short-term profitability without thinking of the long term consequences of their decisions because they were convinced they could not fall. The banks then took advantage of their importance and jeopardized the entire economy That's what Simon Johnson then explained by saying that 鄭nything that is too big to fail is too big to existサ, The main lesson of this crisis is that it's no longer possible to leave as much power in those institutions, indeed it's essential to reduce their size and their influence on the economy so that no futher institution can be ォtoo big to failサ B. How is this concept related to Moral Hazard? Moral Hazard occurs ォwhen a party insulated from risk behaves differently than it would behave if it were fully exposed to the riskサ. In that definition of moral hazard the idea of risk is very present, so we can easily see how this concept is related to the financial system...
Words: 424 - Pages: 2
...here it is 6 o’clock Patient (Karen): (laugh) can I come in to the consult? Secretary (Tita): I have to tell to the doctor and her assistant that you are here, and could you wait a few minutes please? (stand by) Secretary (Tita): Okey, they are ready to attend to you. Third act Asistent (Monse): hi, come in Dr (Luis): hello! good afternoon, how are you? Patient( Karen): well, I’m good, but I have a problem in a tooth Dr( Luis): okey, so take a sit and relax, I check you, and I will check your teeth, while, my asistent ask you a few a personal questions. Asistent (monse): so what’s your name? Patient(Karen): Karen Vieyra Viñas Asistent( Monse): how old are you? Patient(Karen): 20 years old Asistent(Monse): have you had systemic diseases at the moment? Patient( Karen): no I haven´t Asistent (Monse) :is the first dental consultation? Patient (Karen): no it’s not. Dr( Luis): okey, open the mouth please…..oh, you have decay, so I have to treatment., to resolve your problem. Asistent( Monse): how can I help you dr ? Dr(Luis): yes I need my instruments that are in this box, bring it to me please. Asisten( Monse): take it, anything else. Dr( Luis): no, it’s ok...
Words: 372 - Pages: 2
...Deepak K S Roll No: 2014201 Section D FM Assignment 2 Stock: NATCO Pharma ------------------------------------------------- Exchange: NSE Beta calculation using direct method: Covariance | = | 0.00492 | Variance | = | 0.00517 | Beta | = | 0.951 | Table: Regression Summary Output Regression Statistics | | | | | | | | Multiple R | 0.516 | | | | | | | | R Square | 0.266 | | | | | | | | Adjusted R^2 | 0.260 | | | | | | | | Standard Error | 0.114 | | | | | | | | Observations | 120 | | | | | | | | | | | | | | | | | ANOVA | | | | | | | | | | df | SS | MS | F | Significance F | | | | Regression | 1 | 0.556 | 0.556 | 42.785 | 1.643E-09 | | | | Residual | 118 | 1.534 | 0.013 | | | | | | Total | 119 | 2.090 | | | | | | | | | | | | | | | | | Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95.0% | Upper 95.0% | Intercept | 0.0137 | 0.011 | 1.292 | 0.199 | -0.007 | 0.035 | -0.007 | 0.035 | X Variable 1 | 0.951 | 0.145 | 6.541 | 0.000 | 0.663 | 1.238 | 0.663 | 1.238 | Figure: Beta computation using trendline plot method Table: WACC Computation using CAPM method ------------------------------------------------- Average market return, Rm = 14.750% ------------------------------------------------- Risk free rate, Rf = 8.07% ------------------------------------------------- Cost of equity, Ke ...
Words: 283 - Pages: 2
...Introduction The averaging out of independent risks in a large portfolio is called diversification. The principle of diversification is used routinely in the insurance industry. In this paper I will talk about two different types of home insurance and talk about the different risks associated with each. Discussion A portfolio is used to describe a collection of securities. In finance, the risk of an individual security differs from the risk of a portfolio composed of similar securities. In order to help us understand why, Chapter 10 in the book gave a great example on insurance companies. Let’s consider two types of home insurance: theft insurance and earthquake insurance. Lets also suppose that the risk of these two hazards is similar for a given home in a given area. Based on this information we would know that the risks of the individual policies are similar, however, the risks of the portfolios might be drastically different. For example, if the chance of theft in a given home is 1%, the insurance company would expect about 1% of the 100,000 homes in the area to experience a robbery. Thus the number of claims would be around 1,000 per year. If the insurance company holds reserves sufficient to cover roughly 1,000 claims, it will have enough to meet its obligations on its theft insurance policies. The portfolio for the earthquake insurance is a little riskier. For example, if in a given area, the risk of an earthquake is 1%, the risk of having an earthquake so low...
Words: 1091 - Pages: 5
...It is clear that when the G20 meets in Seoul this November, there should be a firm proposal for the Basel Committee and the Financial Stability Board for dealing with the banking behemoths. Banks should then comply with the new capital requirements agreed by finance ministers by January 1, 2019. The question is, however, whether this is the right path to choose and whether these regulations will be able to prevent the world from any future financial markets crisis. So far, the proposed numbers themselves could hardly be described as tough, as the bounce in bank shares testified. Also, it seems that many important issues are not being addressed at all. (Plenty) But what are the issues that should be addressed? What would be the ideal regulatory state and is it possible to ever achieve it? Let us, first, start with our idea of the “ideal” international financial regulatory plan. After having researched various proposals for the international financial markets regulations, we reached a conclusion that finding the ideal path is going to represent a very difficult task and that none proposed regulation will be able to fit all the states. As mentioned in the article “Financial regulation: More questions than answers” which was posted in Businessline in the end of July, due to the variations in institutional legacies, traditions and systems in individual countries over the world, no one size can fit all. Also, however, we believe that as far as financial stability is concerned within...
Words: 2698 - Pages: 11