INDICE: Preface. Acknowledgements. 1 Capital Management as a Means to Create Value. 1.1 The primary objectives of capital management. 1.2 Optimization ofcapital structure. 1.3 Optimization of performance. PART I: ACCOUNTING PERSPECTIVE. 2 Bank and Insurance Business Model. 2.1 Bank business model. 2.2 Insurance business model. 3 Balance Sheets of Banks and Insurance Companies. 3.1 Bank balance sheet. 3.2 Insurance balance sheet. 3.3 Goodwill. 4 Differences between Banking and Insurance. 5 Economic Capital. 6 Balance Sheet Management. 6.1 Capital versus balance sheet management. 6.2 Function versus departmental responsibilities. 6.3 Capital hedging. 6.4 Expected versus unexpected losses. 6.5 Capital versus liquidity. 6.6 Funds transfer price. 6.7 Corporate line. 7 Accounting versus Regulation. PART II: REGULATORY PERSPECTIVE. 8 Types of Available Capital. 8.1 Bank capital components. 8.2 Insurance capital components. 8.3 Determination of available capital for insurance companies under Solvency II. 8.4 Capital treatment of dated hybrids. 8.5 Deduction of interests in other financial institutions. 9 Capital Instruments. 9.1 Common shares. 9.2 Rights issue. 9.3 Preference shares. 9.4 Hybrid equity. 9.5 Convertible capital instruments. 10 Regulatory Capital Requirements. 10.1 Bank capital requirement ratios. 10.2 Ratio hedging against currency movements. 10.3 The three-pillar approach to bank capital requirements. 10.4 Current capital requirements for insurance companies. 10.5 Upcoming capital requirements for insurance companies: Solvency II framework. 10.6 Liability side of the balance sheet under Solvency II.10.7 Standardized approach Solvency II. 11 Potential Changes in Capital Regulation. 11.1 Regulational shift to core capital. 11.2 Regulatory classificationpreference shares. 11.3 Hybrid regulation. 11.4 Subordinated debt for systemically relevant banks. 11.5 Positive revaluation reserves. 11.6 Minority interests. 11.7 Deferred tax assets. 11.8 Participations in other financial institutions. 11.9 Leverage ratio limit. 11.10 Financial autonomy. 12 Reserve AdequacyTest. 13 Materializing Diversification Benefits through Capital Structures. 14 Risk-Weighted Assets Optimization. 15 Balance Sheet Analysis as Integral Part of Valuation. PART III: RISK AND CAPITAL MANAGEMENT PERSPECTIVE. 16 Investment of Capital and Balance Sheet Segmentation. 16.1 Investment of capital for banks. 16.2 Investment of capital for insurance companies. 16.3 Investment of capital: duration differences for banks and insurance companies. 16.4 Segmentation of the balance sheet. 17 Alignment between Risk and Capital Management. 17.1 Where risk and capital management meet. 17.2 Capital preservation as a key condition for performance optimization. 17.3 The soft side of capital management. 17.4 Emerging role of risk and capital management. 17.5
- ISBN: 978-0-470-66477-3
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 262
- Fecha Publicación: 05/11/2010
- Nº Volúmenes: 1
- Idioma: Inglés