1. Risk Analysis and Bank Financial Statements Hennie van Greuning World Bank Treasury FirstRand Board of Directors
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8. 1. Financial Crises – Common Causes Unrestrained asset (derivative) growth – CDS market growth Source: ISDA, The World Bank, US Bureau of Economic Analysis and US Treasury
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14. Financial Failure - Nothing New ? Themes Lehman Brothers Kidder, Peabody & Co Barings Bank Orange County Societe Generale Dick Fuld Joseph Jett Nick Leesam Bob Citron Jerome Kerviel Board failure Management failure Failure in Internal controls Weak risk management Accounting failure Corporate Governance failure Regulatory failure IT Compensation
25. 4. Regulatory Returns Analytical Value Composition of Assets : Structural Change & Growth
26. 4. Regulatory Returns Analytical Value Asset Growth Over Time SARB -2008 Annual Bank Supervision Report
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30. Assets Vs Income: Energy Applied Vs Income Earned Regulatory Returns Analytical Value Income Assets
31. Cost-to-Income Ratios of Individual banks Categorized by Asset Value of Each Bank SARB – 2008 Annual Bank Supervision Report 4. Regulatory Returns Analytical Value
32. Composition of Income Statement - Multi Year Trend SARB – 2006 Annual Bank Supervision Report Regulatory Returns Analytical Value
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Notes de l'éditeur
Michael Jordaan: Greed Accounting conventions Rating agencies Lack of risk management Regulators Group thinking State intervention