banks to calculate how much capital they actually needed, gauged by the probability of their own loans defaulting. *Basel 2, a revised set of rules, explicitly permitted this. Banks with the most creditworthy clients could hold the least capital whereas those who pursued riskier business had to hold more. Yet financial models of the riskiness of loans failed badly when put to the test because t
II. The Definition of VaR
Value at Risk (VaR)
Maximum loss not exceeded with a given
probability defined as the confidence level,
over a given period of time.
III. Interpretation of VaR
The Question Being Asked in VaR
“What loss level is such that we are X %
confident it will not be exceeded
in N business days?”
Confidence Level
Probability that Por
testing was recorded in the company’s product report so we didn’t have to go through separate calculations.
-42”1/2 and 32”1/2 are big models, and 21.6”1/2 and 18.5”1/3 are small models. Since small models are almost half of the big models, we assumed that labor hours and cost decrease by half.
②Cost per labor Hours
Cost per labor hour assembly:
Formula: 1
ROA and ROE of HSBC
For the next asset analysis we are considering data from the period 2004-2009. First let´s take a look to the principal ratios of the company. ROA ratio for HSBC has decreased since 2007 and this tendency has continued indicating that the bank efficiency to produce profits has diminished. This is mainly due to the rise in operating expenses by 12% that reflected increased
1. 은행합병과 국내금융기관의 구조조정
1.1 은행 합병의 동기와 외국사례
1990년대 이후 세계 메이저 은행들은 합병을 통해 세계상위권의 초대형 은행으로 도약하며 겸업화와 국제화를 추구하고 있다. 이러한 세계적인 은행 합병의 추세는 각 사례별로 다양한 동기를 가지고 있으나 다음 네 가지 사