SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the FDIC and Federal Reserve’s announcement on the resolution plans for the largest financial institutions:
read more...SIFMA Statement On FDIC And Fed Bank Resolution Plan Announcement
Five Industry Associations Publish SFTR Information Statement
The Association for Financial Markets in Europe (AFME), FIA, the International Capital Market Association (ICMA), the International Swaps and Derivatives Association, Inc. (ISDA) and the International Securities Lending Association (ISLA) have jointly published a statement that can be used to help market participants comply with new requirements under the European Union’s Securities Financing Transactions Regulation (SFTR).
read more...CBOE Introduces First In Series Of Indexes Designed To Target Investment Outcomes
Chicago Board Options Exchangeâ (CBOEâ) today announced it has created a series of 13 “Buffer Protect Indexes,” the first in a family of options-based strategy performance benchmarks that are designed to target the outcomes of specific investment strategies.
read more...Stochastic Perron for Stochastic Target Problems. (arXiv:1604.03906v1 [math.OC])
In this paper, we adapt stochastic Perron's method to analyze a stochastic target problem with unbounded controls in a jump diffusion set-up. With this method, we construct a viscosity sub-solution and super-solution to the associated Hamiltonian-Jacobi-Bellman (HJB) equations. Under comparison principles, uniqueness of the viscosity solutions holds and the value function coincides with the unique solution in the parabolic interior. Since classical control problems can be analyzed under the framework of stochastic target problems (with unbounded controls), we use our results to generalize the results in ArXiv:1212.2170 to problems with controlled jumps.
Local Wilcoxon Statistic in Detecting Nonstationarity of Functional Time Series. (arXiv:1604.03776v1 [stat.ME])
Functional data analysis (FDA) is a part of modern multivariate statistics that analyses data providing information about curves, surfaces or anything else varying over a certain continuum. In economics and other practical applications we often have to deal with time series of functional data, where we cannot easily decide, whether they are to be considered as stationary or nonstationary. However the definition of nonstationary functional time series is a bit vogue. Quite a fundamental issue is that before we try to statistically model such data, we need to check whether these curves (suitably transformed, if needed) form a stationary functional time series. At present there are no adequate tests of stationarity for such functional data. We propose a novel statistic for detetecting nonstationarity in functional time series based on local Wilcoxon test.
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SEC: Research Analyst Is Insider Trading In Motherâs Brokerage Account
The Securities and Exchange Commission today announced insider trading charges against a research analyst who allegedly reaped more than $1.5 million in February through trades he made in his mother’s brokerage account based on nonpublic information he learned at work.
read more...ISDA Publishes Margin-Rule-Compliant Collateral Document
The International Swaps and Derivatives Association, Inc. (ISDA) has today published the first in a series of documents to help market participants comply with new margining requirements for non-cleared derivatives.
read more...The Law of Fundraising, Fifth Edition 2016 Supplement
Membership Essentials: Recruitment, Retention, Roles, Responsibilities, and Resources, 2nd Edition
Existenzgründung für Dummies, 3. Auflage
Qualitatsmanagement nach DIN 9001: 2015 fur Dummies
e-Learning and the Science of Instruction: Proven Guidelines for Consumers and Designers of Multimedia Learning, 4th Edition
The Future of Pension Management: Integrating Design, Governance, and Investing
Risk Parameters On The Moscow Exchange During May Public Holidays
Due to May Public Holiday in Russia NCC Clearing Bank is increasing the risk parameters for the period from April 27 to May 10, 2016 .
read more...ASX Limited Earnings Update For The Nine Months To 31 March 2016
The following unaudited results are relative to the prior corresponding period (pcp – nine months to 31 March 2015) and based on the Group’s segment reporting:
read more...Moscow Exchange Trading Schedule Over May Holidays
Moscow Exchange has set the trading schedule for its markets over the May public holiday period.
read more...14Apr/Definitions and disclosure of non-performing exposures and forbearance proposed by the Basel Committee
14Apr/Prudential treatment of problem assets - definitions of non-performing exposures and forbearance - consultative document
Oslo Børs: New Tradable Seafood Index
The new OBSFX seafood index will enable investors to buy and sell exchange traded products that track the shares of sea food companies.
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