Translation of "décomposition des risques financiers " (French → English) :

unbundling of financial risks

unbundling of financial risks

unbundling of financial risks

financial risk [ credit risk | default risk | exchange risk | foreign exchange rate risk | interest rate risk | liquidity risk | loan risk | macroprudential risk | market risk | sovereign risk | systematic risk | systemic risk ]

risk-bearing financial instrument

key financial risk

de-banking

provision for liabilities-financial

financial risk

Moreover, it is considered that the implicit costs (reputational risk, financial risk, administrative risk, risk related to implementation of the compartment (17)) incurred by the Financial Intermediary offset any advantage related to State resources (i.e. the MS contribution) thus ensuring that the Financial Intermediary does not benefit from undue aid.

Such groups (financial conglomerates), are exposed to risks (group risks) which include: the risks of contagion, where risks spread from one end of the group to another; risk concentration, where the same type of risk materialises in various parts of the group at the same time; the complexity of managing many different legal entities; potential conflicts of interest; and the challenge of allocating regulatory capital to all the regulated entities which are part of the financial conglomerate, thereby avoiding the multiple use of ca ...[+++]pital.

The Commission should be empowered to adopt delegated acts in accordance with Article 290 TFEU in respect of technical adjustments to Directive 2006/48/EC to clarify definitions to ensure uniform application of that Directive or to take account of developments on financial markets; to align terminology on, and frame definitions in accordance with, subsequent relevant acts; to expand the content or adapt the terminology of the list of activities subject to mutual recognition under that Directive to take account of developments on financial markets; to adjust the areas in which the competent authorities are required to exchange informat ...[+++]ion; to adjust the provisions of that Directive on own funds to reflect developments in accounting standards or Union legislation, or with regard to the convergence of supervisory practices; to expand the lists of exposure classes for the purposes of the Standardised Approach or the IRB Approach to take account of developments on financial markets; to adjust certain amounts relevant to those exposure classes to take into account the effects of inflation; to adjust the list and classification of off-balance sheet items; and to adjust specific provisions and technical criteria on the treatment of counterparty credit risk, the organisation and treatment of risk, the Standardised Approach and the IRB Approach, credit risk mitigation, securitisation, operational risk, review and evaluation by the competent authorities and disclosure in order to take account of developments on financial markets or in accounting standards or Union legislation, or with regard to the convergence of supervisory practices.

Question No. 226 Hon. Roy Cullen: With regard to collateralized debt obligations (CDO’s) and the sub-prime mortgage credit crisis in the North American financial sector: (a) in 2007, was the Office of the Superintendent of Financial Institutions (OSFI) aware of the exposure of financial institutions in Canada to CDO’s, and specifically sub-prime mortgages; (b) when it became aware of the exposure of Canadian banks to sub-prime mortgages, how did OSFI evaluate the risk of these CDO’s in the context of the solvency, liquidity and stability of Canada’s financial institutions; (c) did OSFI undertake any sensitivity analysis to assess the i ...[+++]mpact of factors such as interest rate changes, economic slowdown or job losses and property market declines on the viability of sub-prime mortgages; (d) were CDO’s adequately secured or insured by Canada’s chartered banks, and were these CDO instruments appropriately rated by the rating agencies; (e) given the recent losses or write downs by chartered Canadian banks, what action is the OSFI taking to safeguard Canada’s financial sector, its depositors and shareholders; and (f) what steps is the Minister of Finance taking to address this issue, and to ensure that this type of situation does not occur again?