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crisis management and bank resolution - IMF

This Technical Note on Crisis Management and Bank Resolution Framework on Canada was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed in February 2014. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund  Publication Services 700 19th Street, N.W.  Washington, D.C. 20431 Telephone: (202) 623-7430  Telefax: (202) 623-7201 E-mail: publications@imf.org Internet: http://www.imf.org Price: $18.00 a copy International Monetary Fund Washington, D.C. © 2014 International Monetary Fund This Technical Note was prepared by IMF staff in the context of the Financial Sector Assessment Program in Canada. It contains technical analysis and detailed information underpinning the FSAP’s findings and recommendations.

Crisis Management and Resolution: Early Lessons from the ... - IMF

This paper compares the policy choices in recent and past crises, explains why those choices varied, and assesses the current state of financial and operational restructuring and institutional reform. While acknowledging the unique and global nature of the recent crisis and varying country circumstances, analysis suggests that the diagnosis and repair of financial institutions and overall asset restructuring are much less advanced than they should be at this stage and that moral hazard has increased. Consequently, vulnerabilities in the global financial system remain considerable and continue to threaten the sustainability of the recovery. These conclusions point to a number of steps to finish the business of financial sector repair and reform. Establishing the long-term viability of the financial system requires recognizing nonperforming assets at financial institutions and a deeper operational restructuring of debts of enterprises and households. Regarding the persistent weaknesses in bank balance sheets, in-depth diagnoses still need to be conducted, including through strict and transparent stress tests. When the diagnoses call for credible recapitalization plans or restructuring of liabilities, they should be carried out swiftly in ways that do not worsen sovereign debt burdens. Conditions in some countries require government interventions, including targeted programs to alleviate debt overhangs in the household and commercial real estate sectors. More broadly, asset restructuring needs to be driven by market forces, supported by tighter...

Dynamic Optimization for Optimal Control of Water Distribution ...

In this paper we consider the design of intelligent control policies for water distribution systems. The controller presented in this paper is based upon a hybrid system that utilizes dynamic programming and rules as design constraints, to minimize average costs over a long time horizon under constraints on operation parameters. The method is very general and is reported here as a controller for a water distribution system. In the example presented we obtain a 12.5 percent reduction in energy usage over the optimal level-based control design. We present the guiding principles used in the design and the results for a simulated system that is representative of a typical water pumping substation. The design is fully adaptable to changing operating conditions and has applicability to a wide range of scheduling problems. Keywords: Dynamic Programming, Optimal Control, Level based control, Reinforcement Learning

Inheritance Scam Alert by Sunrise PC Support

The scam normally enacted through e-mails is planned to mislead recipients that a long-lost dead relative or friend has left them an extensive inheritance. Some inheritance scams don’t relate to family members but somewhat to a rich person who has apparently died without a will.

Civil Aviation Sample Examination - Transports Canada

© Her Majesty the Queen in Right of Canada, represented by the Minister of Transport, 2005. Cette publication est aussi disponible en français sous le titre Spéciment d'examen - Permis de pilote - Avion Uotra-léger. For a print copy or an accessible version of this publication, please visit http://transact-en.tc.gc.ca or contact Transport Canada’s Publications Order Desk at 1-888-830-4911 — International at 613-991-4071. An electronic version of this publication is available at http://tcinfo/CivilAviation/General/Exams/guides/menu.htm. TP 13014E (05/2009) TC-1003184 Catalogue No. T52-4/32-2-2009E ISBN 978-1-100-12738-5 Permission to reproduce Transport Canada grants permission to copy and/or reproduce the contents of this publication for personal and public non-commercial use. Users must reproduce the materials accurately, identify Transport Canada as the source and not present theirs as an official version, or as having been produced with the help or the endorsement of Transport Canada. To request permission to reproduce materials from this publication for commercial purposes, contact: Publishing and Depository Services Public Works and Government Services Canada ...

Biochemistry and genetics of eukaryotic mismatch repair - Genes ...

The process of mismatch repair was first postulated to explain the results of experiments on genetic recombination and bacterial mutagenesis. Mismatch repair has long been known to play a major role in two cellular processes: (1)the repair of errors made during DNA replication or as the result of some types of chemical damage to DNA and DNA precursors; and (2)the processing of recombination intermediates to yield new configurations of genetic markers. More recent studies have suggested that mismatch repair may also be crucial for (1) the regulation of recombination events between divergent DNA sequences that could result in different types of genetic instability (Rayssiguier et al. 1989; Selva et al. 1995; Datta et al. 1996), (2) some types of nucleotide excision repair responsible for repair of physicallchemical damage to DNA (Karran and Marinus 1982; Fram et al. 1985; Feng et al. 1991; Mellon and Champe 1996),and (3)participating in a cell-cycle checkpoint control system by recognizing certain types of DNA damage and triggering cell-cycle arrest or other responses to DNA damage (Hawn et al. 1995; Anthoney et al. 1996). The most extensively characterized general mismatch repair system is the Escherichia coli MutHLS system, which repairs a broad spectrum of mispaired bases and has been reconstituted with purified enzymes. Eukaryotes are known to contain a mismatch repair system that has at least some components that are highly related to key components of the bacterial MutHLS mismatch repair system. The observation that defects in mismatch...

Atlanta SEO Firm For Insurance Agency

For an extensive range of search engine optimization services for your insurance agency, consider Centex Technologies, a leading SEO firm based in Atlanta. The SEO experts at the firm provide wide range of services including, helping the business attain high rank on SERPs, marketing website for long-tail keywords, growing customer base and staying ahead of the competition. To know more about the SEO firm in Atlanta, visit - www.organicseoatlanta.com

Getting Around the Big Apple in Style with Exclusive Airport Transfers in New York City

New York City is one of the busiest metropolitan areas in the world. Taxi lines can be a long, faulty process and navigating a strange community transportation association can be draining and protracted.

LTE and WiMAX Comparison - Halcyon Wireless

Over the last few years, there has been increasing demands for accessing the Internet over the mobile devices. To address this, the wireless telecommunication industry has been striving hard to define a new air interface for mobile communications to provide a framework for high mobility broadband services and increase the overall system capacity; reducing latency; and improving spectral efficiency and cell-edge performance. Two emerging technologies, the IEEE 802.16 WiMAX (Worldwide Interoperability for Microwave Access) and the 3GPP LTE (Third Generation Partnership Project Long Term Evolution) aim to provide mobile voice, video and data services by promoting low cost deployment and service models through Internet friendly architectures and protocols. Both these technologies are being considered as candidates for the fourth generation (4G) of mobile networks. This paper performs a detailed comparison of the LTE and WiMAX standards and delves into the intricacies of each of them. The paper begins with a brief history and technology overview of WiMAX and LTE. It then performs a detailed comparison of the System Architecture for each and also discusses the seamless integration of LTE and WiMAX technologies into the evolved 3GPP networks. It performs a detailed study of the Air Interface Radio Aspects such as access modes, transmission bandwidths, supported frequency bands, antenna techniques; the protocol aspects and various other features including control mechanisms, Quality of Service (QoS) and security for each of them.

7 Things You Should Know About iPad Apps for Learning - Educause

Dr. Ghosin is facing a new teaching challenge this quarter with his introductory astronomy course. It’s an extension class that will be taught on an auxiliary campus, meaning he won’t be teaching in the planetarium but in a regular classroom. Each student will have an iPad on loan, however, loaded with an application called Star Walk, which identifies the stars and constellations in the area of the sky where the iPad is pointed. Before the first class, Dr. Ghosin and a member of the IT staff load the iPads with Star Walk and several other apps, including one that includes history and stories about the mythology surrounding constellations. During class, students use their iPads to see stars, planets, and other astronomical bodies that are not visible in the daytime sky. They can drill down to learn more about individual stars or constellations, and the iPad apps let students “move the sky” to see constellations in other seasons and from any place on the Earth. Connecting what they see with the history of human attempts to both understand the movement of stars and imbue that knowledge with meaning adds another layer of interest and engagement with the content. One of Dr. Ghosin’s lessons, for example, focuses on the cultural environment that allowed Western science for so long to believe that the universe revolved around the Earth.

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