... chairman and to the audit committee and is accountable to the audit committee; review and assess the annual internal audit work plan; receive a report on the results of the internal auditors’ ... the robustness and perceptiveness of the auditors in their handling of the key accounting andaudit judgements identified and in responding to questions from the audit committees, and in their ... role of audit committees is to ensure the integrity of financial reporting and the audit process by ensuring that the external auditor is independent and objective and does a thorough job, and by...
... party and all the risks and rewards of the asset have been substantially transferred Cash and cash equivalents Cash and cash equivalents comprise cash on hand and at banks, demand deposits and ... for the years ended December 31, 2011, 2 010and 2009: Millions of euros 2011 OIBDA 2 010 2009 20, 210 22,603 (10, 146) (9,303) (8,956) 10, 064 Depreciation and amortization 25,777 16,474 13,647 OPERATING ... interconnection, network and equipment leasing, handset sales and other services such as pay TV and value-added services (e.g text or data messaging) and maintenance. Products and services may be sold...
... planning and preliminary review phase, an execution phase, and the reporting and disclosure of audit results Various audit procedures were used, including interviewing employees and reviewing and ... published by the Institute of Internal Auditors These standards require that audit objectives be set on the basis of audit criteria Audit standards also require that the audit engagement be conducted ... practices and processes with best practices AUDITAND EVALUATION DIRECTORATE PROJECT MANAGEMENT PROCESSES AND PRACTICES CANADIAN SPACE AGENCY PROJECT # 06/07 01-03 AUDITREPORT 1.4 METHODOLOGY This audit...
... Default and Liquidity Risk The Supervisory Approach: A Critique Depreciation Bias, Financial-Sector Fragility and Currency Risk The New Basel Accord and Developing Countries: Problems and Alternatives ... ! @0 2E 3@ ! @C $ $ $ + G 0B ?E % & ! $ G ! ! ! ! ! ! 03 ! ! ! ! ! ! ! ! ! ! $ G 02 ! ! ?B Working Papers No Published Title Author May 2002 June 2002 August 2002 Demosthenes N Tambakis Jonathan ... Problems and Alternatives Economic Slowdown in the U.S., - The Revitalisation of Fiscal Policy and the Case for a Co-Ordinated Global Reflation Establishing a European Securities Regulator: Is...
... (0.0145) 0.01 3§ (0.0078) 0.318 (0.3531) -4.150* (0.5808) -0.00 7§ (0.0037) -0.033* (0. 0102 ) -0.009+ (0.0041) 9.573* (0.5327) 0.537 47.230 Note: *,+ ,§ indicate significance at the 1%, 5% and 10% levels, ... Witten/Herdecke WorkingPaper Series 05 Beitel, P., D Schiereck and M Wahrenburg (2003), Explaining the M&A-success in European bank mergers and acquisitions, Center for Financial Studies WorkingPaper ... path-dependence and the evolution of post-acquisition practices in the U.S banking industry, University of Pennsylvania, The Wharton School WorkingPaper Series 10 30 ECB WorkingPaper Series No...
... 26 7.2 Deriving utility levels and wages 28 References 31 European Central Bank workingpaper series 34 ECB WorkingPaper Series No 407 November 2004 Abstract The paper investigates small business ... consolidation The paper sincerely hopes to elicit further empirical and theoretical research to better understand the role and implications of banking corporate governance ECB WorkingPaper Series ... dare, New Yorker, July 26, pp 34-39 ECB WorkingPaper Series No 407 November 2004 33 European Central Bank workingpaper series For a complete list of Working Papers published by the ECB, please...
... December 2007 ECB WorkingPaper Series No 845 December 2007 10 ECB WorkingPaper Series No 845 December 2007 ECB WorkingPaper Series No 845 December 2007 11 12 ECB WorkingPaper Series No 845 ... December 2007 ECB WorkingPaper Series No 845 December 2007 13 14 ECB WorkingPaper Series No 845 December 2007 ECB WorkingPaper Series No 845 December 2007 15 16 ECB WorkingPaper Series No 845 ... December 2007 ECB WorkingPaper Series No 845 December 2007 17 18 ECB WorkingPaper Series No 845 December 2007 ECB WorkingPaper Series No 845 December 2007 19 20 ECB WorkingPaper Series No 845...
... Gust Janssen, and Christelle Lecourt (2006), Fratzscher (2006), Jansen and De Haan (2007), Dominguez and Freyan Panthaki (2007), and Siklos and Bohl (forthcoming) 30 36 ECB WorkingPaper Series ... Christopher Erceg, Andrew T Levin and Ryan Michaels 2007 “Three Great American Disinflations.” NBER WorkingPaper 12982 48 ECB WorkingPaper Series No 898 May 2008 Boschen, John F., and Leonard O ... central banks of the Czech Republic, Japan, New Zealand, Norway, Poland, Sweden, and Switzerland also hold regular press conferences 22 ECB WorkingPaper Series No 898 May 2008 there are four main...
... “Financial Report: A Framework for Financial Stability”, Financial Reform Working group of the Group of Thirty (G30) ECB WorkingPaper Series No 107 5 July 2009 23 24 ECB WorkingPaper Series No 107 5 ... symbols *, **, and *** represent significance levels of 10 per cent, per cent, and per cent respectively ECB WorkingPaper Series No 107 5 July 2009 27 European Central Bank WorkingPaper Series ... The econometric model and the data Results 13 Conclusions 19 References 21 Tables and figures 24 European Central Bank WorkingPaper Series 28 ECB WorkingPaper Series No 107 5 July 2009 Abstract...
... between GDP and loan growth, on the one hand, and GPD growth and changes in credit standards, on the other hand Results, which are reported in Table 3, panels A and B, suggest a signi…cant and positive ... risk-taking and monetary policy: A missing link in the monetary policy transmission mechanism?", BIS WorkingPaper No 268 20 ECB WorkingPaper Series No 1150 January 2 010 [14] Brunner, K and Meltzer, ... Sørensen, C and Lichtenberger, J (2007), "The dynamics of bank spreads and …nancial structure", ECB WorkingPaper No 714 [26] IMF (2008), “Global Financial Stability Report October , ECB Working Paper...
... lower ECB WorkingPaper Series No 1160 February 2 010 quarterly bank loan growth to non-financial corporations due to the net tightening in credit standards and on top of conventional demand and interest ... investment and private consumption (not reported) ECB WorkingPaper Series No 1160 February 2 010 15 The next step is to include control variables, in particular monetary policy rates, and the terms and ... 0.35 276 12 0.12 276 12 0 .10 ECB WorkingPaper Series No 1160 February 2 010 Table 10 Horse race results for predicting the annual growth in euro area real GDP Table 10 reports the results of a...
... Nyborg, Bindseil and Strebulaev (2002) For details, contact us or see earlier workingpaper versions of this paper ECB WorkingPaper Series No 1376 September 2011 33 34 ECB WorkingPaper Series No ... 324 324 324 324 324 324 ECB WorkingPaper Series No 1376 September 2011 19 1,478 6.99 169.61 210. 83 0.73 0.89 13.80 895 10.10 102 .67 8.30 0.43 0.24 4.31 234 2.86 105 .93 25.33 0.44 0.21 5.28 Panel ... 67.42 Maximum 1,275 1,275 1,275 1,275 1,275 1,275 1,275 183 183 183 183 183 183 183 106 106 106 106 106 106 106 Observations Descriptive statistics on bank characteristic variables for four types...
... comments and encouragement Kimmo Soramäki gratefully acknowledges the support of OP-Pohjola-Ryhmän tutkimussäätiö This paper was finalised on 11 May 2 010 The Bank of England’s workingpaper series ... refereed Information on the Bank’s workingpaper series can be found at www.bankofengland.co.uk/publications/workingpapers/index.htm Publications Group, Bank of England, Threadneedle Street, London, ... liquidity 11 WorkingPaper No 400 July 2 01010 Results In Section 4.1 we illustrate the mechanics of settlement in the two systems (with and without an LSM) We show how delays, and hence costs,...
... 0 .10 1.8 0.00 0.32 1.00 0 .10 1.7 10. 94 3.59 1.75 2.24 0.14 0.09 1.00 0 .10 3.8 0.18 0.12 1.00 0 .10 4.4 0.05 5.38 10. 83 5.11 0.00 0.00 1.00 0 .10 11.3 0.00 0.00 1.00 0 .10 11.3 6.72 0.86 0.20 3 .10 ... Figures 36 36 39 European Central Bank WorkingPaper Series 43 ECB WorkingPaper No 40 l November 2000 ECB WorkingPaper No 40 l November 2000 Abstract: This paper analyses differences in financial ... Schmidt R., A Hackethal and M Tyrell (1998): Disintermediation and the role of banks in Europe: An international comparison, Workingpaper series in Finance and Accounting No 10, Johan Wolfgang Goethe...
... indices for the Netherlands’ and Finnish banking systems vary between 200 and 350 in the Netherlands and between 350 and 500 in Finland, although the index for time deposits in Finland reaches a peak ... of fixed and variable rate loans and other differences due to heterogeneity in tastes and traditions across countries 16 ECB • WorkingPaper No 72 • July 2001 the fact that the Netherlands besides ... Baseline All models were estimated using random effects across markets (i.e demand, savings and time deposits, and short-term, long-term and mortgage loans) Standard errors in parenthesis were corrected...
... 2002, The Fed and interest rates: a high-frequency identification, NBER, WorkingPaper 8839, also in Asset prices and monetary policy, AEA papers and proceedings, May 2002 Cook, T and T Hahn, 1989, ... among others, Roley and Sellon (1998), Poole and Rasche (2001), Kuttner (2001), Poole, Rasche and Thornton (2002), Cochrane and Piazzesi (2002); For the Bank of England, Haldane and Read (1999); ... International Finance Discussions papers ECB • WorkingPaper No 192 • November 2002 29 Favero, C and F Iacone and M Pifferi, 1998, Monetary Policy, Forward Rates and Long Rates: Does Germany Differ...
... Measurement and Capital Standards Basel Eichengreen, B and P Luengnaruemitchai 2004 Why Doesn’t Asia Have Bigger Bond Markets? National Bureau of Economic Research WorkingPaper 105 76 New York ... money and finance, and regional public goods The Series is a quick-disseminating, informal publication that seeks to provide information, generate discussion, and elicit comments Working papers ... India and EEA Government Securities Turnover (% Average Outstanding) Government Securities Turnover Corporate Bond Turnover 10 Indian and EEA Corporate Bonds Turnover (% of Average Outstanding)...
... and Marquez-Ibanez (2 010) , Dell’Ariccia, Laeven and Marquez (2 010) , Buch, Eickmeier and Prieto (2 010) , Delis and Brissimis (2 010) , Delis and Kouretas (2011) and Delis, Hasan and Mylonidis (2011) ... empirical work on monetary policy and leverage of Adrian and Shin (2008, 2009, 2010a,b), Angeloni, Faia and Lo Duca (2 010) and Dell’Ariccia, Laeven and Marquez (2 010) levered bank has less to lose ... prudential regulation and monetary policy with fragile banks, WorkingPaper [11] Angeloni, Ignazio, Ester Faia and Marco Lo Duca, 2 010, Monetary policy and risk taking, WorkingPaper [12] Bernanke,...