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Interpretation
Loan agreements contain detailed definitions. This helps to ensure consistency between different provisions of the document; to avoid ambiguity; and...
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Some, but Not All, of the Risks in Trading
A trader’s job is to create acceptable risk and manage that risk. No risk, no reward. This chapter lists and explains some of the risks involved in...
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Managing Risk
The goal of a trader and the company he works for is to make money while limiting risks to acceptable levels. It’s up to the trader and the company...
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Accounting Review—Ind AS and Revenue Recognition
This chapter details out the accounting standards as applicable on the HAM based road PPP projects in India. From the past experience, it can be...
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Reinsurance
As we all know, sharing is caring. From the moment we can physically hold an item, we are told, reminded, and sometimes scolded that we need to share...
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Legal foundations
The basis for reinsurance business is always a contract, a legal transaction. Contracts are concluded by “persons” – natural persons (individuals) or...
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Decentralized Finance (DeFi) Fraud and Hacks: Part 3
This chapter continues the overview of decentralized finance (DeFi) fraud and hacks. It begins by discussing Oracle attacks and case studies. Next,...
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Careers in Actuarial Science
Barbie has held a variety of roles, including sign language teacher, yogi, Chancellor of Germany, a US Air Force Thunderbirds pilot, Canadian...
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Futures Contracts and Forward Contracts
Futures are considered the simplest of derivatives but are as misunderstood as swaps or any other derivative. Futures contracts are probably not even...
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Data
You have probably used data before in some form or another. For example, you may have looked up the average temperature in Florida before packing for...
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Recent Changes and Prospects of Banking Services Regulations and Supervision in Korea
Fintech innovations as well as the Covid-19 pandemic and UN SDGs have made a huge impact on banking businesses and supervision in Korea. Fintechs are...
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Introduction: The Origins and Fundamentals of Banking
For a flourishing society, it is necessary to settle and pay transactions with money, created by banks doing their regular business of taking...
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Complex Systems, Pandemics and the Welfare State, Part-2: Constitutional Political Economy, Compliance and Constitutional Contagion Issues
This chapter was completed at the beginning of April 2020 (and some information may have changed since then). As mentioned in Chaps. 1...
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Sustainable Growth, Financial Stability and the Failure/Unconstitutionality of the Dodd-Frank Act (USA) (and Similar Statutes Such as the Pre-2020 European Union Sustainable Growth Regulations)
“Restoring American Financial Stability Act” of 2010 (RAFSA or the Dodd-Frank Act) was the first set of statutes in any country that attempted to...
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Consumer rights and banking contracts
Survey evidence regularly shows that bank customers view bankers as less ethical or honest than other professions. This article sheds light on one...
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Unconstitutionality and Failure of Sarbanes-Oxley Act, and the PCAOB (USA) and Similar Institutions
Sarbanes Oxley Act (SOX), the PCAOB and the Dodd-Frank Act have pervasive effects on accounting firms, consulting firms and Credit Rating Agencies...
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Understanding and Negotiating Executive Employment Agreements for Success
Given how things worked out, David should have spent more time understanding, discussing, and even negotiating his employment agreement with Goliath....
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Indirect Taxes
The period saw the gradual reduction/elimination of indirect taxes post the repeal of the Corn Laws in 1846 in favour of a free trade policy (i.e.,...
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The Motivations of Synthetic Assets
In linguisticLinguistic, motivationMotivation refers to the reliability of a message. For example, writing has lower motivation than film and...
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International Constitutional Political Economy and Sustainability Issues Inherent in Accounting and Derivatives Standards-Setting Organizations
The FASB (Financial Accounting Standards Board, USA), IASB (International Accounting Standards Board), GASB (Government Accounting Standards Board,...