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ABCDS
A credit default swap based on an Asset-Backed Security itself based on relatively risky home equity loans (U.S.) In effect a type of insurance against default on the underlying ABS.
ABCP
Taiwan: Asset-Backed Commercial Paper
ALM
Application Lifecycle Management
Alpha
Hedge Funds: the incremental return above the market that a manager generates.
ATM
Automated Teller Machine
BaFin
Germany: financial regulator
Beta
Hedge Funds: market exposure
CII
Council of Institutional Investors
Cox, Christopher
Chairman of the Securities and Exchange Commission. Confirmed in 2005.
CPAB
Canada: Canadian Public Accounting Board
Data Governance
The process by which companies govern appropriate access to and the use and transmission of their critical data by measuring operational risk and controlling security exposures.
Donaldson, William
Former chairman of the Securities and Exchange Commission
Dynamo
A public Constant Proportion Portfolio Insurance product BNP
ECB
European Central Bank
Enhanced Analytics Initiative
Group set up to promote better sell-side research about extra-financial issues such as overall strategy, corporate governance, human capital management and environmental management. Members are large European institutional investors such as pension funds.
EPS
Earnings Per Share
ERM
Enterprise Risk Management
ETF
Exchange-Traded Fund
FFS
South Korea: Financial Supervisory Service
Financial Accounting Standards Advisory Council
Overseer of the Financial Accounting Standards Board.
Financial Reporting
Defined by the COSO Framework as:-
Financial Supervisory Commission
Taiwan: financial regulator
IFRS
International Financial Reporting Standards
Information Systems Audit and Control Association
Publisher with Information Technology Governance Institute of the IT Control Objectives for Sarbanes-Oxley.
Information Technology Governance Institute
Publisher with Information Systems Audit and Control Association of the IT Control Objectives for Sarbanes-Oxley.
Integrity and Ethics
Reside under the Control Environment. The senior management need to set the tone for the company. Whilst they might be considered "soft" and "intangible" concepts, they affect the design, administration and monitoring of other internal controls. According to COSO, the actions of management is more important than having them written down.
Negative examples of integrity and ethics are the infamous Enron and WorldCom scandals.
A positive example is BP which sets a high bar for ethical behaviour by employees. To back this policy up they make mention of it and its effectiveness in financial reports.
ISACA
Information Systems Audit and Control Association
ISDA
International Swaps and Derivatives Association
ITA
Information Technology Architecure
ITGI
Information Technology Governance Institute
KKR
Kohlberg Kravis Roberts
Mezzanine
When applied to finance refers to moderate risk or mid level.
NTS
South Korea: National Tax Service
NYSE
New York Stock Exchange
Physical Controls
A type of control activity. They involve the physical security of assets. They ensure adequate safeguards over access to assets and records.
Portable Alpha
Hedge fund strategy seeking to invest in a manager who can generate alpha, while using derivatives such as index futures or swaps to hedge the beta.
Private Equity Intelligence
Research group specialising in the private equity arena.
Risk Assessment
One of five components of internal control according to the COSO Internal Control Framework
Risks faced by the company have to be recognized. Objectives have to be set, integrated into the value-chain. To achieve the objectives, risks have to be identified, analyzed and develop methods to manage them.
Section 302
Section of the Sarbanes-Oxley Act of 2002 requiring a certification to accompany each quarterly and annual report filed with the SEC.
Section 404
Section of the Sarbanes-Oxley Act of 2002 mandating CEOs and CFOs of public companies to evaluate and report on the effectiveness of an entity's internal control over financial reporting.
SOX
Shorthand for Sarbanes-Oxley.
SPI
Synthetic Portfolio Insurance
Structured Notes
Derivatives-linked bonds designed to deliver high returns over a fixed period.
Synthetic Collateralised Debt Obligations
Repackaged portfolios of credit derivatives.
TOCOM
Tokyo Commodity Exchange
Trichet, Jean-Claude
President of the European Central Bank
TSE
Tokyo Stock Exchange
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