These Guidelines cover the main aspects of devising a policy on the use of derivative. It is based very closely on the „Supervisory Standard on the use Derivatives by Insurance Companies‟ as issued by the International Association of Insurance Supervisors. The implementation of the Guidelines needs to be tailored to the particular circumstances of individual companies. For example, the Cen…
w DiagramThe Financial Accountability Act 2009 (the Act) outlines a number of accountable officer and statutory body functions, one of which is the establishment and maintenance of an appropriate system of risk management (section 61). The Financial and Performance Management Standard 2009 (the Standard), section 28, prescribes that the agency’s risk management system must provide for: m…
Credit risk management in banks has become more important not only because of the financial crisis that the world is experiencing nowadays but also the introduction of Basel II. Since granting credit is one of the main sources of income in commercial banks, the management of the risk related to that credit affects the profitability of the banks. In our study, we try to find out how the credit r…
Patients admitted to hospital are at risk of damage to kidney function, termed acute kidney injury (AKI), either from their illness or as a result of subsequent treatment. Kidney injury can lead to serious health issues and even death. It is essential that patients at risk, and those who develop kidney injury, are recognised early and treated effectively. However, the 2009 National Confidential…
Approximately 1000 people sustain a new spinal cord injury (SCI) each year in the UK. These injuries are associated with serious neurological damage, and can result in paraplegia, quadriplegia or death. Currently there are no ‘cures’ for SCI and in the UK there are 40,000 people living with long term disabilities as a result of such injuries. Care of an acutely spinally injured patient is…
Congratulations on your promotion! It’s exciting, challenging, and perhaps a bit unsettling. Even though you’ve dreamed about and worked toward it for a long time, knowing that you’ve reached a higher rung on your personal success ladder natu- rally brings a touch of anxiety.
Over the past three decades, management tools have become a common part of executives’ lives. Whether trying to boost revenues, innovate, improve quality, increase efficiencies or plan for the future, executives have looked for tools to help them. The current environment of globalization and economic turbulence has increased the challenges executives face and, therefore, the need to find …
In all activities (whether business activities or non-business activities) and in all organizations (whether business organizations like a manufacturing entity or trading entity or non-business organizations like schools, colleges, hospitals, libraries, clubs, temples, political parties) which require money and other economic resources, accounting is required to account for these resources.…
The roots of OR can be traced back many decades, when early attempts were made to use a scientific approach in the management of organizations. However, the beginning of the activity called operations research has generally been attributed to the military services early in World War II. Because of the war effort, there was an urgent need to allocate scarce resources to the various military oper…
Risk management issues in the banking sector do not only have greater impact on bank performance but also on national economic growth and general business development. The bank’s motivation for risk management comes from those risks which can lead to underperformance. This study focuses on the association of risk management practices and bank financial performance in Nigeria. Secondary data s…
Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and cont…