Risk

supported the efforts to promote a reduced capital structure risk posture by banks. However, these opposite results conflicted with traditional thought from the DuPont analysis wherein, when operating profitability is positive, increased financial leverage augments the return on equity. Thus, banks continue to have an incentive to ratchet up their financial leverage so as to increase the returns to stockholders albeit with increased financial risk. Key Words: Banks, Capital Profitability JEL Classification:

Both cases are often quoted examples of the principle of precedent. 64 The Passing of Property in International Sales _ Passing of property is of vital importance in a contract of sale of goods. _ It has important consequences in terms of risk, the right to sue, the ability to pass a good title and the security of payment of a party as against an insolvent other party.The Passing of Property in International Sales _ In international sales the seller and the buyer are situated in different

found to be more common in patients of Hispanic origin. 2 What causes acute promyelocytic leukaemia? There are no common environmental or occupational factors which are known to be associated with an increased probability of developing APL. The risk of developing APL is increased following the use of certain types of chemotherapy or radiotherapy for treatment of other cancers. Fortunately, this is quite rare and only a very small percentage of patients being treated for cancer develop leukaemia

l’Audit interne. Les résultats de cette étude correspondent parfaitement à ce que nous observons au quotidien chez nos clients : un accroissement des attentes des comités d’Audit et des Directions générales ainsi qu’une convergence avec les fonctions de “risk management”. C’est dès à présent que les directeurs de l’Audit interne doivent intégrer dans leur feuille de route les priorités suivantes : le positionnement vis-à-vis du comité d’Audit et de la Direction générale ainsi que la mise en œuvre des moyens

l’urgence, de la crise et management de la continuité d'activité (60h) Une série de mises en situation Des travaux dirigés sur le terrain (7 immersions de 2 jours). Chaque immersion traite d’un thème particulier, qui constitue un aspect du métier de Risk Manager. L’organisation d’une conférence industrielle publique. Chaque étudiant est associé à un « senior » pour traiter un thème d’actualité et le présenter lors de la conférence. Une mission professionnelle de 6 mois en entreprise. ________________________

tout en réduisant les risques grâce à l’optimisation des contrôles tout au long du projet 18 Gestion de projet Gestion du risque projet Une approche structurée… UNDERSTAND THE PROJECT ASSESS PROJECT RISK MANAGEMENT CONTROLS DETERMINE RESIDUAL RISK MANAGE RESIDUAL RISK 19 … pour filtrer les risques Identifier Les risques du projet Identifier et tester Les contrôles spécifiques De gestion du projet Déterminer quels sont les risques Résiduels qui doivent être abordés

Le risk management Anne Marie Fournier est la responsable du « risk management » chez PPR, elle est entouré de trois collaborateurs, travaille en étroite collaboration avec les responsables des risques et des assurances de chaque branche de PPR. Son métier : Prendre les mesures adéquate pour réduire le danger. Anne Marie Fournier à pour outil de base une carte des risques, élaborée grâce à un de leur logiciel « maison ». Grâce à cela les sociétés font remonter les risques auxquels elle sont exposés

the risk coverage of the capital framework will be strengthened especially to fight against credit risk exposures arising from derivatives and securities financing activities. Moreover, new ratios were introduced. So, a leverage ratio and a global minimum liquidity standard , particularly for internationally active banks, appeared. The aim of the leverage ratio is to help contain the build-up of excessive leverage in the banking system, and introduce additional safeguards against model risk and

that are more prone to boom-and-bust cycles and, in the event of a sharp correction, are likely to have more pronounced effects on financial and economic stability? And if so, which ones? The speculative element that could result in a mispricing of risk implies that financial market excesses are likely to have their origin in markets with long-lived assets with uncertain returns such as the housing markets or the equity markets, and possibly also the market for private bonds with long maturities.

and tables in this publication. This report has been prepared by UBS Financial Services Inc. ("UBS FS"). PLEASE SEE IMPORTANT DISCLAIMERS AND DISCLOSURES THAT BEGIN ON PAGE 2. UBS Wealth Management Research / 13 October 2008 Methodology and risk Industry view: Neutral US Capital Goods We have a neutral position on Capital Goods in our US sector strategy. The sector benefits from its exposure to foreign sales, particularly in fast-growing Asian economies. However, we expect growth to moderate