The fixed income market is quintessential for the growth of the economy. They serve as one of the mediums for the government to raise money. In India the fixed income market has been attaining the depth as well as maturity over the years and the government securities play a dominating role.
The on-the-run 10 year fixed interest rate bond issued by the Reserve Bank of India is treated as the benchmark and serves as a reference point for pricing of the other bonds along a yield curve. The S&P BSE India 10 Year Sovereign Bond Index seeks to measure the performance of the benchmark security and can be considered as the bellwether index.
– See more at: http://www.indexologyblog.com/2014/01/23/indian-fixed-income-or-equities-know-your-onions
The U.S. Public Company Accounting Oversight Board (PCAOB) and the International Auditing and Assurance Standards Board (IAASB) have issued separate proposals to enhance the auditor’s report. Their proposals share similarities and will retain the pass or fail audit opinion; provide users and investors with more information about the audit including critical audit matters (CAM) in the U.S. and key audit matters (KAM) internationally; and address the auditor’s responsibility for other information outside of the financial statements contained in the annual report.
>> Click here to read more. or click here http://img.en25.com/Web/StandardPoorsRatings/AccountinWatch_Dec2013_Article_9.pdf?sp_mid=24392&sp_rid=22560
Watch the new video from S&P about the power of Passive Investing.
CARE Research – Live Webinar on Indian Coal Sector – 26th Feb 2014, 4pm-5pm
Register for the webinar here : https://attendee.gotowebinar.com/register/6079085797339640322
Heatmap from DealMonitor presents the industry’s leading emerging markets deal forecasting database, projecting future buy and sell activity, country-by-country and industry-by-industry, making it easy to spot the hottest markets. Get the detailed M&A forecasting database through a subscription to EMIS DealWatch.
Teeming with people and economic activity, the coastal areas of Asia and the Pacific are highly vulnerable to storm surges, coastal erosion, flooding, and inundation resulting from sea-level rise and climate change. Here’s a by the numbers look at the economic costs of rising sea levels.
Up to 3 millimeters: The rise in sea level per year between 1951 and 2000 according to the 2007 report of the Intergovernmental Panel on Climate Change (IPCC).
Source: ADB publication The Economics of Climate Change in Southeast Asia
More than twice: By 2100, the mean cost of climate change for Indonesia, the Philippines, Thailand, and Viet Nam could be equivalent to losing 6.7% of combined GDP each year, more than twice the global average loss.
Source: ADB publication The Economics of Climate Change in Southeast Asia
$5 billion: The average yearly cost of adaptation measures in the four countries by 2020. The annual benefit in terms of avoided damage from climate change is likely to exceed the annual cost after 2060. Source: ADB publication The Economics of Climate Change in Southeast Asia
Download full report at http://www.adb.org/features/economic-costs-rising-sea-levels-asia-and-pacific
There is widespread consensus that the conventional and unconventional monetary policies that world’s major central banks implemented in response to the global financial crisis prevented a deeper recession and higher unemployment than there otherwise would have been. These measures, along with a lack of demand for credit as a result of the recession, contributed to a decline in real and nominal interest rates to ultra-low levels that have been sustained over the past five years.
View full report at http://www.mckinsey.com/insights/economic_studies/qe_and_ultra_low_interest_rates_distributional_effects_and_risks?cid=other-eml-alt-mgi-mck-oth-1311
Great article on the 2 pieces which are the foundations for Behavioural finance: Limits of Arbitrage & Psychology.
Read full article here http://turnkeyanalyst.com/2013/12/17/what-is-behavioral-finance/
This continually updated interactive tracks how executives around the world have viewed economic conditions and the economic prospects of their companies, and how those views have differed over time and across industries, regions, and types of company.
Read full report http://www.mckinsey.com/insights/economic_studies/what_executives_think_about_the_economy_2004_to_now?cid=other-eml-alt-mip-mck-oth-1312
Webcast Replay: Global Sovereign Outlook For 2014, Dec. 4th
Standard and Poor’s recently held a webcast discussing our global sovereign ratings outlook for 2014. Download slide at http://www.standardandpoors.com/spf/upload/Events_US/US_SV_Event_GlobalSovereigns12413.pdf
Standard & Poor’s Ratings Services recently held an interactive, live Webcast and Q&A on Wednesday, December 4, 2013, at 9:00 a.m. Eastern Time where we discussed our global sovereign ratings outlook for 2014.
Listen to the replay here.
Replay will expire on Wednesday, March 5, 2014.
Download the slides.
This presentation is part of our global Webcast series on sovereign credit trends. The monthly Webcasts feature senior analysts from Standard & Poor’s Sovereign Ratings team and are usually held on the first Wednesday of the month.
PRINT this edition in its entirety.
AccountingWatch provides a synopsis of accounting and financial reporting trends and issues; descriptions of the potential analytical impact these issues may present; what they mean for users of financial statements; and links to published Standard & Poor’s commentary or detailed information1. You may also find previous editions of AccountingWatch helpful. To view earlier editions, please click on the links below:
If current trends continue, 2014 will herald a significant milestone for the ETF and hedge fund industries, as the total amount of capital invested in the former threatens to overtake the latter.
– See more at: http://www.indexologyblog.com/2013/12/31/etfs-poised-to-overtake-hedge-funds-in-2014/
Executive compensation, particularly for a company’s CEO, has been, is, and likely will remain a matter of keen interest and debate for boards of directors, executive compensation advisers, investors, politicians, and the public at large. With the SEC seeking comment on a pay ratio disclosure for the CEO as a multiple of all other employee compensation (pursuant to s.953 (b) Dodd-Frank Wall Street Reform and Consumer Protection Act 2010), we take this opportunity to outline elements of Standard & Poor’s Ratings Services’ approach to the potential credit impact of an issuer’s compensation programs.
Read full report at http://img.en25.com/Web/StandardPoorsRatings/AccountinWatch_Dec2013_Article_11.pdf?sp_mid=24392&sp_rid=22560
With the 2013 northern hemisphere annual meeting season largely drawn to a close, we take a closer look at investors who engage directly with a company’s management and board. In recent years, these “activist shareholders” have proven their ability to target larger companies including many with investment grade ratings. What impact do these activist initiatives have on our assessments of a rated issuer’s management and governance?
Read full post at http://img.en25.com/Web/StandardPoorsRatings/AW_2.pdf
Financial statement users’ views about the quality and relevance of accounting and financial reporting vary between investors and credit analysts and amongst each other. The spectrum of views may include some or all of the following: the belief that accounting has unnecessarily grown increasingly complex; the application of accounting standards and related disclosure requirements remains inconsistent; global convergence by accounting regimes is imperative; enhanced disclosures across important areas of financial services reporting is warranted; and emerging accounting standards could make investor analysis and decisions over the allocation of capital more difficult.
See full article at https://www.globalcreditportal.com/ratingsdirect/renderArticle.do?articleId=1226950&SctArtId=201545&from=CM&nsl_code=LIME