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Annual Report 2007 Kredittilsynet’S Organisation the Board Finn Hvistendahl Organisation Chart Per 01.01.2008 Chairman
Annual Report 2007 Kredittilsynet’s organisation Organisation chart per 01.01.2008 The Board Finn Hvistendahl Chairman Administration Director Deputy Director General General Gun Margareth Moy Bjørn Skogstad Aamo Personnel and organisation Staff General Counsel Cecilie Ask Head of Section Finance and Head of Communications Terje H. Bjørn Drevlo Insurance Solheim (acting) Strategy and International Coordinator Nina Moss Supervision Special Adviser/Controller Rune Grundekjøn Finance Executive Secretary Patricia Storgård Staff Deputy Director General Board Secretary Anne Kari Østmo Head of Section Sven-Henning Kjelsrud Nils Johan Korsvik ICT (internal) Head of Section Licensing, Laws Per Sverre Frederichsen and Regulations Accounting Records and Auditing Management Head of Section Supervision and Archives Kjell Arne Aasgaarden Deputy Director General Head of Section Analysis and Anne Merethe Bellamy Lone Tudborg Lakhan Reporting Financial Head of Section Reporting Emil R. Steffensen Supervision Banking Head of Section Supervision Siw-Mette Thomassen Auditors Capital Markets Head of Section and External Per Jostein Brekke Accountants Supervision Deputy Director General Insurance Head of Section Staff Eirik Bunæs Supervision Kjersti Elvestad Head of Section IT Hanne Myre Supervision Solvency Regulation and Head of Section Securities Frank Robert Berg Risk Models Institutions Head of Section Head of Section Bjørn Andersen Eystein Kleven Market Conduct Head of Section Estate Geir Holen Agencies and Brokers, Debt Collection Firms Head of Section Wilhelm Mohn Grøstad Kredittilsynet is responsible for the supervision of banks, finance companies, mortgage companies, e-money institutions, insurance companies, pension funds, insurance intermediaries, investment firms, securities fund management, regulated markets incl. stock exchanges, clearing houses and securities depositories, real estate agencies, debt collection agencies, external accountants and auditors. -
UNITED STATES DISTRICT COURT NORTHERN DISTRICT of GEORGIA ATLANTA DIVISION in Re
Case 1:17-md-02800-TWT Document 739 Filed 07/22/19 Page 1 of 7 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF GEORGIA ATLANTA DIVISION MDL Docket No. 2800 In re: Equifax Inc. Customer No. 1:17-md-2800-TWT Data Security Breach Litigation CONSUMER ACTIONS Chief Judge Thomas W. Thrash, Jr. PLAINTIFFS’ MOTION TO DIRECT NOTICE OF PROPOSED SETTLEMENT TO THE CLASS Plaintiffs move for entry of an order directing notice of the proposed class action settlement the parties to this action have reached and scheduling a hearing to approve final approval of the settlement. Plaintiffs are simultaneously filing a supporting memorandum of law and its accompanying exhibits, which include the Settlement Agreement. For the reasons set forth in that memorandum, Plaintiffs respectfully request grant the Court enter the proposed order that is attached as an exhibit to this motion. The proposed order has been approved by both Plaintiffs and Defendants. For ease of reference, the capitalized terms in this motion and the accompanying memorandum have the meaning set forth in the Settlement Agreement. Case 1:17-md-02800-TWT Document 739 Filed 07/22/19 Page 2 of 7 Respectfully submitted this 22nd day of July, 2019. /s/ Kenneth S. Canfield Kenneth S. Canfield Ga Bar No. 107744 DOFFERMYRE SHIELDS CANFIELD & KNOWLES, LLC 1355 Peachtree Street, N.E. Suite 1725 Atlanta, Georgia 30309 Tel. 404.881.8900 [email protected] /s/ Amy E. Keller Amy E. Keller DICELLO LEVITT GUTZLER LLC Ten North Dearborn Street Eleventh Floor Chicago, Illinois 60602 Tel. 312.214.7900 [email protected] /s/ Norman E. -
SPAREBANKEN PLUSS Annual Report ANNUAL REPORT
SPAREBANKEN PLUSS Annual Report ANNUAL REPORT MACROECONOMIC ENVIRONMENT For the Oslo Stock Exchange, 2008 was a turbulent year. During the first 2008 was affected by the global financial crisis, which hit American half of the year, prices fell by 5.6 per cent. During the first part of the and European banks hard. During the course of the autumn of 2008, third quarter, prices continued to fall, and in September and October the American house mortgage loan giants, Freddy Mac and Fannie plummeted by 25 and 23 per cent respectively. Overall, prices on the Mae, were placed under public administration. In the wake of this, Oslo Stock Exchange fell by 54.1 per cent in 2008. several large investment banks were restructured, merged or acquired by the state. In many countries, it became necessary to introduce and The Norwegian krone weakened during the autumn of 2008, and implement comprehensive measures in order to re-establish trust in the the tightness in the labour market eased markedly. Figures from NAV financial institutions. showed an increase in unemployment, which at the end of December was 2.0 per cent. On a seasonally adjusted basis, there were 64,211 Turbulence and uncertainty in the financial markets brought about jobless, including people relying on local, municipal initiatives a situation in which the inter-bank market ceased to function. Banks all over the world were uncertain about their own and other banks’ BUSINESS AREA AND MARKET financial situation and avoided lending to each other. This triggered Sparebanken Pluss provides services within the areas of financing, savings increased interest rates in the money markets. -
The Importance of Credit and Capital in the Norwegian Banking System During Crisis
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by NORA - Norwegian Open Research Archives The importance of credit and capital in the Norwegian banking system during crisis- A comparative study of the Norwegian banking crisis and the recent financial crisis Rasmus Grue Schøning Thesis for the degree Master of Economic Theory and Econometrics University of Oslo January 2011 P a g e ii | ” For the second time in seven years, the bursting of a major-asset bubble has inflicted great damage on world financial markets. In both cases, the equity bubble in 2000 and the credit bubble in 2007, central banks were asleep at the switch. The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.” - Stephen Roach, Morgan Stanley “A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain.” – Robert Frost P a g e | iii Preface The research for this thesis was done over the course of 2010 and it was written between August and December of that same year. The decision to write about the two most recent crises in the Norwegian banking industry was first and foremost inspired by a strong personal interest in the recent financial crisis. I find the economic organization of banks and how their operation affects the rest of the economy fascinating. In addition to five years of economic studies, much of the relevant technical background came from the course ECON 4335 The Economics of Banking. -
Deutsche Hypo Annual Report 2011
AnnuAl RepoRt 2011 your success is : our benchmark Deutsche hypo at a glance 01.01.- 01.01.- Change in € millions 31.12.2011 31.12.2010 (in %) Business progress figures Commercial real estate finance business 2,769 1,784 55.2 Capital market transactions 1,748 2,429 – 28.0 of which public-sector loans 634 1,057 – 40.0 Loans drawdowns 4,056 3,194 27.0 Bond sales and loans taken up 4,940 6,471 – 23.7 Change in € millions 31.12.2011 31.12.2010 (in %) Balance sheet figures Commercial real estate finance (including interest) 12,126 11,448 5.9 Public-sector loans 8,321 9,328 – 10.8 Securities 11,876 12,367 – 4.0 Borrowed funds 33,178 34,253 – 3.1 Equity *) 1,314 1,396 – 5.9 of which: core capital 892 914 – 2.4 Total assets 34,999 35,998 – 2.8 01.01.- 01.01.- Change in € millions 31.12.2011 31.12.2010 (in %) Income statement figures Net interest income 191.9 172.7 11.1 Net commission income 10.8 13.4 – 19.5 Administrative expenses **) 70.6 69.4 1.7 Risk result 82.7 78.8 5.0 Result from ordinary business activity 32.7 45.0 – 27.3 Income transferred for investments by silent partners 18.5 8.4 > 100 Net income (after taxes) 11.0 31.2 – 64.7 in % 31.12.2011 31.12.2010 Other information Cost/income ratio ***) 35.8 37.2 Core capital ratio 8.4 7.7 *) including juissance right capital and subordinated liabilities, excluding balance sheet profit **) including depreciation on property, plant and equipment and intangible assets ***) the previous year’s figure has been adjusted The annual report of Deutsche Hypo is also available in German. -
Case 1:13-Cv-02811-PKC Document 174 Filed 08/13/15 Page 1 of 214
Case 1:13-cv-02811-PKC Document 174 Filed 08/13/15 Page 1 of 214 UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK STEPHEN SULLIVAN, WHITE OAK FUND LP, CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM, SONTERRA CAPITAL MASTER FUND, LTD., FRONTPOINT PARTNERS TRADING Docket No. 13-cv-02811 (PKC) FUND, L.P., AND FRONTPOINT AUSTRALIAN OPPORTUNITIES TRUST on behalf of themselves ECF Case and all others similarly situated, Plaintiffs, FOURTH AMENDED CLASS - against - ACTION COMPLAINT BARCLAYS PLC, BARCLAYS BANK PLC, BARCLAYS CAPITAL INC., BNP PARIBAS S.A., JURY TRIAL DEMANDED CITIGROUP, INC., CITIBANK, N.A., COÖPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A., CRÉDIT AGRICOLE S.A., CRÉDIT AGRICOLE CIB, DEUTSCHE BANK AG, DB GROUP SERVICES UK LIMITED, HSBC HOLDINGS PLC, HSBC BANK PLC, ICAP PLC, ICAP EUROPE LIMITED, J.P. MORGAN CHASE & CO., JPMORGAN CHASE BANK, N.A., THE ROYAL BANK OF SCOTLAND PLC, SOCIÉTÉ GÉNÉRALE SA, UBS AG AND JOHN DOE NOS. 1-50, Defendants. Case 1:13-cv-02811-PKC Document 174 Filed 08/13/15 Page 2 of 214 TABLE OF CONTENTS SUMMARY OF ALLEGATIONS ................................................................................................. 1 JURISDICTION AND VENUE ................................................................................................... 12 PERSONAL JURISDICTION ...................................................................................................... 14 PARTIES ..................................................................................................................................... -
Volkswagen, East Tennessee Suppliers Seem Confident That Emissions Scandal, Sales Slump Are Only Temporary Setbacks
STREET LEVEL New life for old guitars The world’s top musicians trust Berry Hill shop with their beloved instruments. VIEW FROM THE HILL Sticking it P11 to Memphis De-annexation plan could DAVIDSON • WILLIAMSON • SUMNER • CHEATHAM • RUTHERFORD WILSON ROBERTSON • MAURY • DICKSON • MONTGOMERYprove • KNOX to • ANDERSONbe financial •BLOUNT disaster •SEVIER Ledger for Memphis, Shelby County. P3 See our ad on page 14 Volkswagen,This, East Tennessee too, suppliers shall seem confidentpass that emissions scandal, sales slump are only temporary setbacks March 25 – 31, 2016 The power of information.NASHVILLE Vol. 42 EDITION | Issue 13 Stories by Jeannie Naujeck www.TNLedger.com begin on page 2 | FORMERLY WESTVIEW SINCE 1978 Page 13 Dec.: Dec.: Keith Turner, Ratliff, Jeanan Mills Stuart, Resp.: Kimberly Dawn Wallace, Atty: Mary C Lagrone, 08/24/2010, 10P1318 In re: Jeanan Mills Stuart, Princess Angela Gates, Jeanan Mills Stuart, Princess Angela Gates,Dec.: Resp.: Kim Prince Patrick, Angelo Terry Patrick, Gates, Atty: Monica D Edwards, 08/25/2010, 10P1326 In re: Keith Turner, TN Dept Of Correction, www.westviewonline.com TN Dept Of Correction, Resp.: Johnny Moore,Dec.: Melinda Atty: Bryce L Tomlinson, Coatney, Resp.: Pltf(s): Rodney A Hall, Pltf Atty(s): n/a, 08/27/2010, 10P1336 In re: Kim Patrick, Terry Patrick, Pltf(s): Sandra Heavilon, Resp.: Jewell Tinnon, Atty: Ronald Andre Stewart, 08/24/2010,Dec.: Seton Corp 10P1322 Insurance Company, Dec.: Regions Bank, Resp.: Leigh A Collins, In re: Melinda L Tomlinson, Def(s): Jit Steel Transport Inc, National -
Norway's Financial System Norges Bank
2018 NORWAY’S FINANCIAL SYSTEM AN OVERVIEW Key figures – Norway’s financial system GDP Government Pension (gross domestic product) Fund Global Cash as a share of NOK 3 299bn (GPFG) means of payment GDP NOK 8 488bn 2.3% (mainland) 2 802bn Total assets of Average daily turnover in Number of insurance companies the foreign exchange market banks NOK 1 620bn NOK 333bn 136 Loans from financial Total domestic bonds Oslo Børs market undertakings outstanding capitalisation NOK 5 079bn NOK 1 971bn NOK 2 520bn Bank Card transactions Debt-to-GDP deposits per capita per annum ratio NOK 2 439bn 411 206% Norway's financial system Norges Bank Address: Bankplassen 2 Postal address: P.O. Box 1179 Sentrum, 0107 Oslo Telephone: +47 22316000 Telefax: +47 22413105 Email: [email protected] Website: www.norges-bank.no ISSN 2535-3985 (print) ISSN 2535-3993 (online) ISBN 978-82-8379-049-8 (print) ISBN 978-82-8379-046-7 (online) Contents PREFACE AND READER’S GUIDE 8 THE FINANCIAL SYSTEM 9 The primary tasks of the financial system 10 Providing consumers and businesses with borrowing and saving opportunities 10 Providing payment services 12 Risk management 13 Box: What is money? 13 Financial trends 14 Supervision and regulation of the financial system 15 Box: Risks in the financial system 15 International cooperation 16 1 FINANCIAL MARKETS 18 Box: Turnover in securities: exchange-traded and OTC 18 1.1 Money market 19 Box: Liquidity 19 1.1.1 Money market participants 20 1.1.2 Unsecured money market instruments 20 Box: Norges Bank’s liquidity management and -
Norway's Financial System 2020
2020 NORWAY’S FINANCIAL SYSTEM AN OVERVIEW Key figures – Norway’s financial system GDP (gross domestic product) Government Pension Cash in 3,549bn Fund Global (GPFG) circulation GDP 10,088bn 42bn (mainland) 3,039bn Bank Average daily turnover in Number of deposits the foreign exchange market banks 2,643bn 257bn 129 Loans from financial institutions to private individuals, businesses Total domestic bonds Oslo Børs market and local governments outstanding capitalisation 5,642bn 2,143bn 2,813bn Total assets of Card transactions Debt-to-GDP insurance companies per capita per annum ratio 1,849bn 475 208 Norway’s financial system Norges Bank Address: Bankplassen 2 Postal address: P.O. Box 1179 Sentrum, 0107 Oslo Telephone: +47 22316000 Telefax: +47 22413105 Email: [email protected] Website: www.norges-bank.no ISSN 2535-3993 (online) ISBN 978-82-8379-164-8 (online) Contents PREFACE AND READER’S GUIDE 8 THE FINANCIAL SYSTEM 9 The primary tasks of the financial system 10 Providing consumers and businesses with borrowing and saving opportunities 10 Providing payment services 12 Box: What is money? 12 Risk management 13 Box: Risks in the financial system 14 Supervision and regulation of the financial system 15 International cooperation 15 1 FINANCIAL MARKETS 17 Box: Turnover in securities: exchange-traded and OTC 17 1.1 Money market 18 Box: Liquidity 18 1.1.1 Money market participants 19 1.1.2 Unsecured money market instruments 19 Box: Norges Bank’s liquidity management and overnight lending rate 20 1.1.3 Short-term paper and Treasury bills -
UBS Retention
Hearing Date and Time: February 16, 2010 at 10:00 a.m. (Prevailing Eastern Time) Objection Date and Time: February 9, 2010 at 4:00 p.m. (Prevailing Eastern Time) WEIL, GOTSHAL & MANGES LLP KIRKLAND & ELLIS LLP 767 Fifth Avenue 200 East Randolph Drive New York, New York 10153 Chicago, Illinois 60601 Telephone: (212) 310-8000 Telephone: (312) 861-2000 Facsimile: (212) 310-8007 Facsimile: (312) 861-2200 Marcia L. Goldstein James H.M. Sprayregen, P.C. Gary T. Holtzer Anup Sathy, P.C. ( pro hac vice ) Adam P. Strochak Stephen A. Youngman ( pro hac vice ) Sylvia A. Mayer ( pro hac vice ) Attorneys for Debtors and Co-Attorneys for Certain Subsidiary Debtors in Possession Debtors and Debtors in Possession UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------------x : In re : Chapter 11 Case No. : GENERAL GROWTH : 09-11977 (ALG) PROPERTIES, INC., et al. , : : (Jointly Administered) Debtors. : ---------------------------------------------------------------x NOTICE OF HEARING REGARDING DEBTORS’ APPLICATION PURSUANT TO SECTIONS 327(a) AND 328(a) OF THE BANKRUPTCY CODE AND BANKRUPTCY RULES 2014(a) AND 2016 FOR AUTHORIZATION TO EMPLOY AND RETAIN UBS SECURITIES LLC AS NON-EXCLUSIVE CAPITAL MARKETS AND M&A ADVISOR FOR THE DEBTORS NUNC PRO TUNC TO DECEMBER 10, 2009 PLEASE TAKE NOTICE that a hearing on the annexed motion (the “Application ”) of South Street Seaport Limited Partnership, its ultimate parent, General Growth Properties, Inc., and their debtor affiliates, as debtors and debtors -
Risk Management and Internal Control Systems in the Financial Sector of the Norwegian Economy: a Case Study of Dnb NOR ASA
Risk Management and Internal Control Systems in the Financial Sector of the Norwegian Economy: A case study of DnB NOR ASA by Anne Deladem Siayor Master Thesis in Economics and Business Administration Accounting Option (30 Credit Points) Tromsø University Business School University of Tromsø November 2010 FOREWORD This research work is my master thesis in Economics and Business Administration, at the Tromsø University Business School, Norway. Through this thesis, I have gained knowledge in the concept of risk management and internal control systems in listed companies and insight into how effective these control measures are in the financial sector of the Norwegian economy. I would like to first of all express my gratitude to the Almighty God without whom I wouldn’t have had the opportunity to undertake this study. To my supervisors Ulf Mack Growen and Gunnar Ottesen, I want to show my appreciation for your guidance, inspiration, advice and encouragement throughout the time of writing this thesis. You made it possible for me to obtain documents and information necessary for this thesis. I want to thank my contact person, Marit Elisabeth Giske and my respondents especially Roar Hoff for giving me helpful information and for sharing his thoughts with me. To my dear husband Larry E. Siayor, I want to thank you for your support, good advice and ideas during these years of my study; you are a fantastic husband and to our lovely children Marilyn, Joel and Joan who endured my absence in order for me to complete this work. Finally, I want to thank my parents, Mr. -
Kommunal Finansforvaltning Etter Terra-Skandalen: Overraskende Lite Endringer
Kommunal finansforvaltning etter Terra-skandalen: Overraskende lite endringer Frode Kjærland og Levi Gårseth-Nesbakk Frode Kjærland, førsteamanuensis ved NTNU Handelshøyskolen, Norges teknisk-naturvitenskapelige universitet, E-post: [email protected] Levi Gårseth-Nesbakk, førsteamanuensis Handelshøgskolen ved Nord niversitet, E-post: levi.garseth- [email protected] Denne studien undersøker kommunal finansforvaltning i kjølvannet av Terra-skandalen. To spørsmål besvares. Først: Hva var den regulatoriske responsen fra norske myndigheter på skandalen? Deretter: Hvilke forebyggende tiltak har kommuner iverksatt for å unngå en lignende skandale i framtiden? Den regulatoriske responsen på Terra-skandalen var begrenset og fordret få og små endringer i kommunene. Kommunene har gjennomført overraskende få tiltak for å kvalitetssikre sin finansforvaltning. Noen større kommuner har forsøkt å bygge opp mer kompetanse eller forbedre sine internkontrollsystemer. Mindre kommuner er mer avhengige av at enkeltpersoner ivaretar finansforvaltningen på en ansvarlig måte og er derfor sårbare for nye lignende hendelser i framtiden. Nøkkelord Terra-skandalen, kommunal finansforvaltning, regulatorisk respons Innledning Terra-saken har av forståelige grunner fått betydelig oppmerksomhet. Mot slutten av 2007 ble det klart at åtte norske kommuner hadde investert nærmere 1,5 mrd. kroner i kompliserte finansielle produkter, såkalte CDO^2, som på kort tid mistet mye av sin verdi. Kommunene Narvik, Rana, Hemnes, Hattfjelldal, Bremanger, Vik, Haugesund og Kvinesdal