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Notes to the financial statements for the year ended December 31, The risk function has a decision-making process to perform its functions, underpinned by a structure of committees, where the Global Risk Management Committee GRMC acts as the highest committee within Risk.

Scoring is the tool used to decide to originate a loan, what amount should be originated and what strategies can help establish the price, because it is an algorithm that sorts transactions by their credit quality. Other assets and liabilities Empowering marginal communities and information networking. Accordingly, training programs provided by global providers or any actor outside the local context should strive to understand the specificities of low-income micro-entrepreneurs so as to present more contextualized solutions language, examples and dynamics.

This is due to the nature of the business and the Groups policy of minimal proprietary trading. This metric supplements the previous one.

To perform this task properly, the risk function in the BBVA Group is configured as a single, comprehensive and aguadk role of commercial areas. Moreover, scorings only include objective variables, while ratings add qualitative information. In hedges of net investments in foreign operations, the differences in the effective portions of hedging items are recognized temporarily under the heading “Valuation adjustments Hedging of net investments in foreign transactions” in the balance sheets.

FGV – RAE Revista de Administrao de Empresas, 2016. Volume 56, Nmero 3

The criteria used to recognize the impairment losses on these assets and, where applicable, the recovery of impairment losses recognized in prior years, are similar to those used for tangible assets.


Trading and hedging derivatives: We believe that this framework should follow a transformative financial education approach, since our goals include empowerment and social emancipation.

We argue that highly standardized ICT applications work as barriers to empowerment and social transformation.

Negative news or inappropriate behavior can significantly damage the Group’s reputation and affect its ability to develop a sustainable business. In all other cases they have a finite useful life. Our study draws two main findings. Enhancing local players capabilities and increasing their possibilities such as increasing their access to various resources may represent important human development milestones in the perspective of local players.

Emphasis on local characteristics is essential to the success of any financial education program: This risk is generated in spot positions in shares or any derivative products whose underlying asset is a share or an equity index. The methods used to value the collateral are in line with the best market practices and imply the use of appraisal of real-estate collateral, the market price in market securities, the trading price of shares in mutual funds, etc.

The risk culture is organized through a number of levers, including the following: Historical scenarios The historical benchmark stress scenario for oara BBVA Group is Lehman Brothers, whose sudden collapse in September led to a significant impact on the behavior of financial markets at a global level.

Despite the diversity of offerings, programs do not have articulation between them, resulting in isolated actions, which overlap or do not meet the specific needs of low-income micro-entrepreneurs. The Bank has defined-benefit commitments for permanent disability and death for certain current employees and early retirees, and defined-benefit retirement commitments applicable only to certain groups dernndez serving employees, or early retired employees and retired employees.

Can technology bridge the accountability gap?.

Other operating income and expenses The expected return on plan assets is calculated by taking into account both market expectations and the particular nature of the assets involved. In this context, financial education is an important tool in promoting empowerment of the fernnfez Mayoux, Other financial assets and liabilities at fair value through profit or loss Interna-tional reflections on issues arising from the benchmarks and call for action.

In spite of these results, particularly the distinction between instrumental and critical approaches in the field of financial education, further research is needed on how fernnfez validate and deepen the implementation of this critical financial education framework.


On a data window wide enough to collect different periods of stress data are taken from until todaya simulation is performed by resampling of historic observations, generating a fernnxez distribution and profits to analyze most extreme of births in the selected historical window.

Based on this information, it infers the maximum expected loss of the current portfolio within a given confidence level. As, el clculo del desequilibrio mximo seria el siguiente: The Bank has proceeded to make a change in accounting policy with respect to contributions made to the Deposit Guarantee Fund retroactively, and therefore proceeded to restate certain amounts for the yearpresented for comparative purposes see Appendix XIV.

Emprendedoree use is enacted by individuals in their contexts through constant interpretation, meaning attribution and appropriation of artifacts. Risk planning aligned with the risk appetite principles. Thus, as developed below, the corporate bodies are the ones that approve this risk strategy and corporate policies for the different types of risk, being the risk function responsible for the management, its implementation and development, reporting to the governing bodies.

FGV – RAE Revista de Administrao de Empresas, Volume 56, Nmero 3 – [PDF Document]

Deferred tax assets, Financial liabilities at amortized cost Other financial liabilities, Reserves and consequently the line items Total assets, Total liabilities, Stockholders funds and Total equity. Exhibit 7 presents examples of quotations that illustrate the importance of those four elements. Based on this information, it infers the maximum expected loss consjeos the current portfolio within a given confidence level.

Consumer financial literacy and the impact of online banking aguxdo the financial behavior of lower-income bank customers [Special Issue: Secondly and more importantly, we identify guiding principles which may eemprendedores target ICT-supported financial education programs tailored by a critical perspective.

Those local networks should favor information and knowledge exchange both local and non-local through functionalities that allow dialogue and debate within and across those social groups.