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The Age of Finance Capital—and the Irrelevance of Mainstream Economics

Source:

 Prof. Ismael Hossein-Zadeh

Global Research, September 12, 2015

Despite the fact that the manufacturers of ideas have elevated economics to the (contradictory) levels of both a science and a religion, a market theodicy, mainstream economics does not explain much when it comes to an understanding of real world developments. Indeed, as a neatly stylized discipline, economics has evolved into a corrupt, obfuscating and usel

Commonwealth Capital is proud to announce a New Venture Capital Fund specifically designed for Start-Up and Early Stage Companies.

We have access to many sources of capital for varying stages of a company’s existence. More importantly, we are looking to invest in start-up and early stage companies through our inaugural venture-capital fund, Commonwealth Capital Income Fund I.

Unlike most venture-capital firms, we’ve taken the mystery out of the application and funding process. We’re upfront about

Enrique Suarez Presenting:

How Big Banks Run the World - At Your Expense

Source:

Public Banking Institute

http://www.publicbankinginstitute.org

The recent Public Banking conference held in Philadelphia offered a message that is at once so simple - but also so bold - it is hard for most Americans to pause long enough to understand how profoundly their thinking had been corralled by the masters of finance - in ways far, far, far more insidious and powerful than even the latest financial crisis sugges

Enrique Suarez Presenting:

Overthrow the Speculators

Source:

Chris Hedges

"Speculation in the 17th century was a crime. Speculators were hanged."

(Originally published in Common Dreams, December 30, 2013)

Money, as Karl Marx lamented, plays the largest part in determining the course of history. Once speculators are able to concentrate wealth into their hands they have, throughout history, emasculated government, turned the press into lap dogs and courtiers, corrupted the courts and hollowed out public

Perception of risk in investment decisions is an emerging topic in behavioral finance discussions. Inspired by recent Chinese financial market turbulence, I will briefly present here main points of the risk perception issue, mainly picked up from much more descriptive Victor Ricciardi's article (Ricciardi, 2010) [1], which I found suitable for a blog form.

1. Perception of Risk

Perception is how we become conscious about the world and ourselves in the world. Perception is also fundamental to unde

Manage operational risk as a separate entity while budgeting for increased operational risk demands

New York City, NY– May 6, 2015 – marcus evans, the world’s largest event management group, will host the Operational Risk Management Conference on September 16-17, 2015 in New York City, NY. This conference will bring together risk leaders to examine the exposures brought on by operational risk and how these must be accounted for in the business model, as well as focusing on techniques for demonst

Although there’s an unlimited number of ways to structure a deal, or a securities offering, the use of hybrid securities, such as; convertible notes or preferred stock, enables the entrepreneur to attract investors due to the recent ability to advertise the securities offering and compete with financial institutions for investor capital. Investors in today’s market are seeking short-term investments with relative safety and high yield.  If you provide this to the investor community, you will inc

Presented

By:

Enrique Suarez

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?

Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. International private competitors have responded by pushing for regulations limiting the advantages of the public banking model, but public banking advocates are pushing back.

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s o

Today’s banking industry must deal with an evolving regulatory landscape by developing new and innovative strategies for acquiring and optimizing capital. Banks must find a new way to raise capital, maintain a functional capital structure, and continue providing the products and services their customers demand while staying profitable. The new deadline for implementing the Basel III capital requirements makes capital management the most important issue for banks today.

Bogie Ozdemir, Vice Preside

Operational risk management has moved beyond the simple calculation of capital requirements. Today operational risk managers need to have a proactive, holistic approach to operational risk to ensure they maintain their organizations’ profitability and reputation. Recent financial scandals have shown that operational risk could bring tremendous losses and not every firm is capable of recovering from them.

Paul Emerson answered a series of questions written by GFMI before the forthcoming Proactive

As domestic and international trade continue to grow, companies are starting to consider the benefits of alternative sources of trade financing, according to David Hu, Managing Partner, IIG Trade Finance LLC.

“The cost of capital for banks, the traditional providers of trade finance, has increased tremendously. They also have other issues, such as the setting of LIBOR, which is being questioned right now. With the increasingly tighter capital requirements of Basel III, banks will have to tighten

The GFMI Trade, Commodity and Supply Chain Finance: Liquidity, Funding and Risk Conference, June 10-12, 2013 in New York, NY will help banks and trade finance firms gain a profitable funding structure under Basel III.

Join speakers from Citi, IFC, HSBC, Deutsche Bank, BAFT IFSA, Bank of America Merrill Lynch, Santander, Wells Fargo, Standard Chartered Bank and many more.

This high-level, intimate event will allow attendees to understand the impact of Basel III across all financing business lines,

Funds transfer pricing is under increasingly sharp focus. Financial institutions need to respond to Basel III, as well the Dodd-Frank Act in order to change the way their liquidity is managed and regulated. The efficiency, with which banks adapt their business strategy and their FTP model, will be a deciding factor in the future profitability of core product lines.

Christian Pichlmeier, CFA, Senior Vice President, Corporate Treasury, Institutional Clients Group at Citi answered a series of questi

Errors in financial models that banks use on a daily basis could lead to tremendous financial and non-financial losses. It is crucial for banks to understand how they could minimize and manage model risk effectively. In addition, the OCC and the Federal Reserve have recently released new guidelines on model risk management, which will significantly modify their existing model risk management practices.

Andrew Hrdlicka answered a series of questions written by GFMI before the Model Risk Conference

Syndicated Content Originally Posted on the Numerix Blog

http://blog.numerix.com/public/2012/10/a-new-quantitative-approach-advanced-exposure-and-cva-for-exotic-and-vanilla-instruments.html

By now, we all realize that financial practitioners around the globe are facing increasing challenges when it comes to computing complex risk and credit exposure calculations for both their exotic and vanilla derivative instruments. Given all we've learned about the importance of calculating counterparty risk p

In this short journal post, we share a presentation that reviews some of the problems of risk management in property development, how risk management currently functions in this industry sector and why it would be advantageous to adopt ISO 31000 in property development.

Click here to continue reading

It just seems the either no one is measuring realized risk exposure numbers for their firms, or mums the word on their findings.  The information that I collect is strongly covered by Non-Disclosure Agreements.  To help with this, I want to start publishing de-identified statistical abstracts.  

I included some of these statistical abstracts in the financial section of a paper published by ANSI.  I am a coauthor on, "The Financial Impact of Breach Health Information, A Business Case for Enhanced

Receive a complimentary free copy of the widely regarded book " A Handbook on Asset Liability Management "
- Edited by Professor G. Mitra

Key speakers include:

INSURANCE - Teemu Pennanen, King’s College London, ex-Managing Director at QSA Quantitative Solvency Analysts Ltd. He has extensive experience of consulting and providing solution to the insurance industry.

PENSION - Michael Dempster (Cambridge Systems Associate), consultant to a number of global financial institutions and governments.

BANKI

Managing a profitable balance sheet is more challenging than ever. With Basel III and the more immediate Dodd-Frank regulation on the horizon, a tool such as FTP is vital to ensure an effective centrally managed liquidity strategy. Post-crisis, whilst the economic situation is improving, allocating sufficient liquidity costs quickly and efficiently to the correct business-line is paramount.

Kent Westerbeck formed the Westerbeck Risk Management consulting company in 2007 after retiring from LaSall