We should have 1,000-1,200 actuaries at the earliest: Irdai chairman business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
For many, the Covid-19 pandemic brought their years of business to its knees.
In Siem Reap, the tourism capital of Cambodia which posted a 97 per cent year-on-year fall in tourist arrivals as at end-November last year, saw nearly 1,500 hospitality-related outlets close down by September that year.
As for garment manufacturing, an industry that has held up Cambodia’s economy for decades, some 130 facilities have ceased operation.
A check around Phnom Penh would reveal shuttered businesses dotting the streetscape. What’s more, the negative impact is still unfolding as retail businesses, be it a coffee shop, local restaurant or convenient store, progressively ceased operation as the New Year rolled in.
26 February
The Financial Conduct Authority (“
FCA”) published Handbook Notice 85, which sets out changes to the FCA Handbook made by the FCA Board on 25 February 2021.
The Financial Action Task Force (“
FATF”) published a document setting out the outcomes from its plenary meeting on 22, 24 and 25 February 2021.
The FCA published a report on its review of product governance in a sample of asset management firms.
The European Securities and Markets Authority (“
ESMA”) issued a press release announcing the publication of revised version of its Q&As on the EU Securitisation Regulation.
ESMA published a consultation paper on draft technical standards under the Regulation on European crowdfunding service providers for business ((EU) 2020/1503) (“
Becle, S A B de C V Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Journal of Risk Model Validation
24 February 2021 Beyond the contract: client behavior from origination to default as the new set of the loss given default risk drivers
Parametric and non-parametric models are prepared for the recovery rate estimation.
Adding client related variables reduces the errors and improve discrimination.
The effect is more visible for fractional regression rather than regression tree.
Abstract
Modeling loss given default has increased in popularity as it has become a crucial parameter for establishing capital buffers under Basel II and III and for calculating the impairment of financial assets under the International Financial Reporting Standard 9. The most recent literature on this topic focuses mainly on estimation methods and less on the variables used to explain the variability in loss given default. In this paper, we expand this part of the modeling process by constructing a set of client-behavior-based predictors that can be used