That is lower than the target profit. Therefore, we would like to recommend remain the same premium and we can keep over-gain profit as a buffer for reserving the revised internal assumptions and unexpected situations that may happen in future such as investment income rate drops as unusual and a rising of inflation rate. From the testing illustrates that if investment drops by 50% Bps, the actual profit will drop from 7.36% to 6.41% accordingly. For more information is provided in (--…
not to disclose the information to the U.S. Securities and Exchange Commission (SEC). Eventually, Enron was investigated for the fraud, but the focus of the investigations was on Louis Borget, the man who ran Enron Oil. Borget was punished, and Enron was allowed to continue. In 1989, Enron formed the Gas Bank, run by Jeffrey Skilling. Skilling wanted his division to use mark-to-market accounting. This meant that various trading contracts, including long-term gas delivery, would be recorded at…
that is becoming threatened. With the government being more focused on the donors’ special interests the government becomes less responsive towards the majority of its citizens, limiting legislation that could be passed to help remedy current and future issues (Douglas, 2007). It’s been found that the funds given to campaigns from the individual voter to large corporation has little affect on swaying the elections, but that it’s not accounting for the money flowing in,…
relationship with China, with interest expressed through the increase of Chinese tourists each year. This trade relationship has been around since the mid 1800s as in response to defeat in the Opium wars, the Chinese authorities sent its first Imperial Commission to Europe to learn about and then adopt Western military technology and armament production in 1866. As one of the greatest manufacturing cities in the world, Birmingham was an important place for them to visit on their tour. Birmingham…
be able to acquire otherwise. Trading is significant to Australia as it contributes to the economy. The Australian two-way trade service is worth approximately $670 billion, 2013-2014 (Department of Foreign Trade, 2014). Trade is significant as it can recede poverty rates, establish jobs and develop the economy. Australia’s primary commodity exports are coal, iron ore, gold, meat, wool, alumina, machinery and transport equipment and wheat. Australia’s primary commodity imports are machinery and…
practice portfolio. We were given $1,000,000 and a maximum of 400 trades. We were also able to short sale which allowed the excess of $1,000,000. The types of securities allowed to be traded included stocks, options, futures, bonds, mutual funds, international stocks, and commodities. With the choice of many securities, it seemed overwhelming to decide where to start. The different requirements allowed me to understand each type of security and the level of risk involved in each type. Although…
Regulation needs to occur in regards to innovative technology but also trade technology specifically. Trade has moved on with the advancement of technology to make trade easier. To stay in the past with our current policies would be nonsensical. If companies and their methods are advancing, the rules of the game must also advance with them. The policies and regulations from the CFTC “…have stayed pretty much the same. Most of the CFTC’s rules were written for 20th century analog markets”…
These agencies and their “varying rules and standards led to certain entities not being regulated at all, with others subject to less oversight than their peer financial firms organized under different charters” (Morrison & Foerster, 2010, p. 6). After the financial crisis, analysts pointed to the “many regulatory failures” and gaps in oversight as the reason unethical and illegal practices were overlooked or ignored (Madrick, 2010, para. 3). As a result, the provisions set out by…
“Too big to fail” is a term used to describe a company that has become so essential to the economic success of a country that the government of that country must take excessive measures to prevent that company from ceasing to trade or going bankrupt (Amadeo, 2016). In this case, company is plural and the country that took those extreme measures was the United States of America. The 2007-2009 financial crisis caught the world by surprise and led to a renewed interest in understanding the inner…
gather the data needed to create these databases financial advisors will monitor the following external databases: NYSE, Dow Jones, North American Securities Administration Association, Bureau of Public Debt Alerts, Commodity Futures Trading Commission, Securitas and Exchange Commission, Analysts, and market data on sources such as yahoo…