Public asset management companies in East Asia

https://www.bis.org/fsi/fsipapers03.ht

U.S. GAAP Financial Statements Best Practices in Presentation and Disclosure, 2015, 69th edition; Accounting Trends & Techniques

https://egrove.olemiss.edu/aicpa_att/1096/thumbnail.jp

U.S. GAAP Financial Statements Best Practices in Presentation and Disclosure, 2014/15, 68th edition; Accounting Trends & Techniques

https://egrove.olemiss.edu/aicpa_att/1095/thumbnail.jp

FROM FLIGHT LINES TO HEADLINES: HARNESSING TACTICAL AIR FORCE INFORMATION WARFARE FOR STRATEGIC EFFECTS

The current United States Air Force (USAF) information operations (IO) force posture, which operates predominately at the operational level with a small portion integrated at the tactical level within Special Operations Wings (SOW), is not distributed to effectively exploit the informational aspects of military activities. This research highlights the criticality of integrating IO officers across the levels of warfare, emphasizing their potential in conventional tactical units. This research analyzes the untapped synergy of IO, Agile Combat Employment (ACE), and air advising and finds that their integration demonstrates how integrated deterrence can be operationalized. Moreover, the study reveals discrepancies between doctrinal prescriptions and operational realities, which have led to impractical and occasionally inaccurate interpretations of how IO is employed in practice. In response, this research recommends revising the roles and functions of IO officers to align more closely with operational realities. Finally, the research advocates instilling an IO practitioner mindset across the force, emphasizing the significance of cognitive resilience—the capacity to counter foreign malign influence—as a fundamental function of IO. These recommendations aim to fortify the USAF’s tactical integration of IO, ensuring a more dynamic and resilient force capable of addressing the complexities of modern conflict.Approved for public release. Distribution is unlimited.Captain, United States Air Forc

Cost efficiency in the Chinese banking sector : a comparison of parametric and non-parametric methodologies

Since the open door policy was embarked upon in 1979, China s banking sector has undergone gradual but notable reforms. A key objective of the reforms implemented by the Chinese government is to build an effective, competitive and stable banking system in order to improve its efficiency and reliability. This study employs both parametric stochastic frontier analysis (SFA) and non-parametric data envelopment analysis (DEA) methods to assess and evaluate the cost efficiency of Chinese banks over the period from 1994 until 2007, a period characterised by far-reaching changes brought about by the banking reforms. To this end, we first compare a number of specifications of stochastic cost frontier models to determine the preferred frontier model which are adopted in our efficiency analysis. The preferred model specification for our sample is the one stage SFA model that includes the traditional input prices, the outputs and the control variables (that is, equity, non-performing loans and the time trend) in the cost frontier and the environmental variables (that is, ownership structure, size, deregulation, market structure and market discipline) in the inefficiency term. Moreover, we also employ two cost DEA models (traditional DEA and New DEA) as a complement to the preferred SFA model for methodological cross-checking purposes. Similar to the previous empirical literature, we find that in most cases only moderate consistency across the different techniques. The cost efficiency of Chinese banks is found to be 91% on average, based on our SFA model, over the period from 1994 until 2007. Based on the results of the DEA and New DEA models, the average cost efficiency for Chinese banks over the sample period is about 89% and 87%, respectively. We find that Chinese banking efficiency has deteriorated after China s admission to the WTO, suggesting that the significant external environmental changes which arose from China s WTO entry may have had a negative impact on its banking efficiency. In addition, we find that the majority of Chinese banks reveal scale inefficiencies and as asset size increases, banks tend to pass from increasing, to constant, and then to decreasing returns to scale. Our findings also show that both state-owned banks and foreign banks are more efficient than domestic private banks and larger banks tend to be relatively more efficient than smaller banks. These and other results suggest that in order to enhance Chinese banking efficiency, the government needs to continue with the banking reform process and in particular, to open up banking markets, to improve risk management and corporate governance in Chinese banks and to encourage the expansion of banks.EThOS - Electronic Theses Online ServiceGBUnited Kingdo

Comparison of Problem Bank Identification, Intervention and Resolution in The SEACEN Countries

Effective problem bank identification and resolution is crucial to ensure not only the soundness of a bank but also for the resilience of the financial system as a whole since banks are dominant players in the financial system. Successful problem bank management will reduce the potential of both individual bank failures and banking crisis as well as minimise resolution costs. Hence, a comprehensive, clear framework and guidelines for dealing with problem banks is crucial. This study aims at two main objectives: (i) to analyse the framework and process of problem bank identification, intervention and resolution in the SEACEN countries; and (ii) to identify key issues and lessons learned for an effective problem bank management. In general, bank supervisors in nine SEACEN surveyed countries have a clear legal and prudential framework in dealing with problem banks. However, the level of progress diverges from country to country depending on their legal and political settings as well as economic development. Crisis hit countries (Indonesia, Malaysia and Thailand), and countries experiencing banking system distresses (Philippines and Republic of China, Taiwan) appear to have a more developed framework, particularly on crisis management. Supervisory authorities in the crisis countries have enhanced the effectiveness of their banking supervision along with the post-crisis bank restructuring program. However, non crisis hit countries (Cambodia, Nepal, Papua New Guinea and Sri Lanka) have a less comprehensive framework. Non-crisis countries mostly are yet to have an explicit deposit insurance scheme and develop a crisis management framework. Among key challenges for bank supervisors is to ensure both macro and micro supervisory objectives ¨C to maintain financial stability and ensure depositor protection ¨C are effectively attained. In practice, it often is difficult to identify and measure as well as manage systemic risk which requires different skills and methodologies. Therefore, it is imperative to perform ¨C and enhance the efficacy of ¨C macro-prudential surveillance to identify, monitor and mitigate the risks to the financial system. For countries which are yet to have a crisis management framework it is important to develop comprehensive financial safety nets, consisting of: (i) an explicit and limited deposit insurance scheme; (ii) a well-defined and transparent LLR both in normal times and during systemic crises; and (iii) a clear crisis management framework. Deposit insurance and LLR can be important tools for crisis management, but they are not sufficient to prevent banking crises. They should be used along with measures such as market discipline and prudential banking supervision. A well-devised framework is essential, but effective implementation is much more important. It is necessary to perform a crisis simulation regularly in order to increase readiness in managing crisis Therefore, capacity building is indispensable.

An Insider\u27s Guide to Notre Dame Law School

From the Introduction On behalf of the Notre Dame Law School student body, we are thrilled to be among the first to welcome you to the NDLS Community! We know that this is an exciting time for you and—if you are anything like we were just a couple of years ago—you probably have plenty of questions about law school and Notre Dame, whether it’s about academics, professors, student life, or just where to get a good dinner. That’s why we’ve prepared the Guide. This is called an Insider’s Guide because it has been written by students. Over the past year, we’ve updated and revised old sections, compiled and created new ones, and edited and reedited the whole book in hopes of making your transition to Notre Dame easier. This isn’t a comprehensive guide to everything you need to know to get through law school or thrive in South Bend, but it is a great place to start. Whether you’re trying to figure out where to live next year, the best way to get to and around town, what law students do on the weekend, or which daycare is best for your kids, the Guide is a terrific resource. Please note that some information may have changed since the date of publication, so be sure to confirm pertinent information. We all treasure our experiences here at NDLS. The professors, the students, and the staff of the Law School are unique — their warmth, friendship, and true support have made studying law at Notre Dame a pleasure. We hope that our enthusiasm will be apparent throughout the Guide. We have appreciated reflecting on our experiences here and enjoyed putting the Guide together for you. Although we know that you will receive a variety of additional information from the Law School and the University, we hope that this look at NDLS from the perspective of your soon-to-be colleagues will be valuable as you prepare to start here in August

An Insider\u27s Guide to Notre Dame Law School

From the Introduction: On behalf of the Notre Dame Law School student body, we are thrilled to be among the first to welcome you to the NDLS Community! We know that this is an exciting time for you and – if you are anything like we were just a couple of years ago – you probably have plenty of questions about law school and Notre Dame whether it’s about academics, professors, student life, or just where to get a good dinner. That’s why we’ve prepared the Guide! This is called an Insider’s Guide because it has been written by students. Over the past year, we’ve updated and revised old sections, compiled and created new ones, and edited and re-edited the whole book in hopes of making your transition to Notre Dame easier. This isn’t a comprehensive guide to everything you need to know to get through law school or survive in South Bend, but it is a great place to start. Whether you’re trying to figure out where to live next year, the best way to get to and around town, what law students do on the weekend, or which daycare is best for your kids, the Guide is a terrific resource. Please note that some information may have changed since the date of publication, so be sure to confirm pertinent information. We all treasure our experiences here at NDLS. The professors, the students, and the staff of the Law School are unique – their warmth, friendship, and true support have made studying law at Notre Dame fun! We hope that our enthusiasm will be apparent throughout the Guide. We have appreciated reflecting on our experiences here and enjoyed putting the Guide together for you. Although we know that you will receive a variety of additional information from the Law School and the University, we hope that this look at NDLS from the perspective of your soon-to-be colleagues will be valuable as you prepare to start here in August