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Documents Interest Rate Risk Interest rate changes have significant effects on many financial firms net...

Slide 1Interest Rate Risk Interest rate changes have significant effects on many financial firms net income, asset value, liability value and equity value (net difference…

Economy & Finance 13.11.2008 Alm Jan 2008

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Documents Aggregating Longevity Risk for the Capital Markets A Necessary First Step 5 th International...

Slide 1 Aggregating Longevity Risk for the Capital Markets A Necessary First Step 5 th International Longevity Risk & Capital Markets Solutions Conference JP Morgan Chase…

Documents Slide 22–1. Part IV The Management of Financial Institutions.

Slide 1 Slide 22–1 Slide 2 Part IV The Management of Financial Institutions Slide 3 Chapter Twenty Two Risk Management in Financial Institutions Slide 4 Slide 22–4 Managing…

Documents CHAPTER12 Introduction to Asset Liability Management What is in this Chapter? INTRODUCTION SOURCES.....

Slide 1 CHAPTER12 Introduction to Asset Liability Management What is in this Chapter? INTRODUCTION SOURCES OF INTEREST-RATE RISK Mortgage-backed Securities (MBS) Slide 2…

Documents CHAPTER 12 Introduction to Asset Liability Management What is in this Chapter? INTRODUCTION DURATION...

Slide 1 CHAPTER 12 Introduction to Asset Liability Management What is in this Chapter? INTRODUCTION DURATION GAP SOURCES OF INTEREST-RATE RISK ALM RISK versus MARKET RISK…

Documents Funding Public Pensions Tax Economist Forum, January 13, 2010

Funding Public Pensions Tax Economist Forum, January 13, 2010 by Jon Forman Professor in Residence IRS Office of Chief Counsel & Alfred P. Murrah Professor of Law University…

Documents S.3855 Actuarial Challenges

S.3855 Actuarial Challenges Igor Afanassiev Prepared by Lesley Thomson * Changes to Asset Reporting New reporting depends on asset designation No more deferral of realized…

Documents Funding Public Pensions Tax Economist Forum, January 13, 2010 by Jon Forman Professor in Residence.....

Funding Public Pensions Tax Economist Forum, January 13, 2010 by Jon Forman Professor in Residence IRS Office of Chief Counsel & Alfred P. Murrah Professor of Law University…