sfrechtling

Joined 13 years ago

Karma
203
Submissions
112
Member since
Mar 18
Me.
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Comment · 7 years ago
https://hypem.com/ - its a website that aggregates new music from music blogs.
Comment · 10 years ago
I think an objective summary is going to be hard to come by.

The only thing I can add is that this view is common throughout history - think Shylock in the Merchant of Venice. The stereotype of Jewish people as being involved in the processes of finances and money lending may have been one seed for this.

Comment · 10 years ago
Some countries like New Zealand and Australian have these - called Marine Reserves and limit commercial activities. They normally are in areas of great diversity (Milford Sounds) or international importance (great barrier reef).
Comment · 10 years ago
Nope, very Australian, with another varient being "no f$&king wucks"
Comment · 11 years ago
Comment · 11 years ago
This article basically just outlines regulatory capital and (I think) avoids economic capital. In very very shorthand - regulatory capital is the capital needed to comply with local regulations (with guidance from BASEL and BIS), while economic capital is the more nuanced calculation used to calculate the risk of capital using the bank's own deduction and modelling. A great metaphor for the actual difference is "Regulatory Capital is to Economic Capital as Road Test Is to Driving" (http://www.americanbanker.com/bankthink/regulatory-capital-r...). Good banks use both, alongside other metrics to evaluate deals.

Economic capital takes into account the particulars of individual companies, while regulatory capital takes a broad brush approach. In reality, using reg capital leads to set ratings without taking into account the actual risk of the asset to the company. I would argue that the best approach would be economic capital as the main capital calculation with review and monitoring by regulators of the model and its assumptions.

Comment · 11 years ago
Comment · 11 years ago

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