Brian DeChesare

JUNE 15, 2022

The debate about the front office, middle office, and back office in the finance industry is one of the sillier and more exhausting ones. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.).

Banking 98

Banking Treasury Start-ups Finance 98

Equilest

JANUARY 3, 2023

The APT is a multi-factor model that seeks to explain the behavior of stock prices based on various economic and market conditions. Finance professionals and investors have widely used this theory as a powerful tool to predict stock prices and portfolio returns. First, we need to estimate the factor loadings for each risk factor.

Risk Premium 40

Risk Premium Risk-free Rate Market Risk Finance 40

Valutico

AUGUST 30, 2023

Explaining Free Cash Flow: Cash flow is like the lifeblood of a business (or your personal finances). Beyond valuations, the Terminal Growth Rate is used in various areas within the realm of finance and business decision-making. These industries often experience slower growth as they reach saturation points in the market.

Terminal Value 98

Terminal Value Dividends Weighted Average Cost of Capital Discounted Cash Flow 98

Valutico

FEBRUARY 27, 2024

The WACC represents the overall cost of financing a company’s operations and is used to discount future cash flows to their present value. It represents the cost a company incurs to access funds through debt financing. It is the cost a company incurs for using equity capital to finance its operations and growth.

Discounted Cash Flow 52

Discounted Cash Flow Risk Premium Risk-free Rate Beta 52

Andrew Stolz

AUGUST 5, 2020

Beta is a multiple used to adjust up (Beta > 1) the equity risk premium if a stock is expected to be riskier than the market, and down (Beta < 1) if the stock is lower risk than the market. Investments are exposed to two types of risk: systematic and unsystematic. E(r) = Rf + ??(Rm

Risk-free Rate 52

Risk-free Rate Beta Weighted Average Cost of Capital Risk Premium 52

Brian DeChesare

MARCH 13, 2024

Debt financing is much more common, and the GE firm is often the first institutional investor. The main risk factor in deals is executing the growth plan, not default risk due to debt (PE) or product/market risk (VC). Also, you can get in more easily from a middle-market or boutique bank. based firms.

Equity 105

Equity Start-ups Marketability Banking 105

Audit Board

SEPTEMBER 21, 2023

Financial risk management is an especially sensitive and critical aspect of risk management for many companies, as it has to do with the safeguarding of the organization’s finances and the prevention of loss. Good financial risk management leads to cost savings, better decision-making, and improved returns.

Market Risk 52

Market Risk Start-ups Marketability Compliance 52

Reynolds Holding

MAY 16, 2024

The risk that a party may have to make or receive future payment(s) based on the evolution of the referenced variable is called “market risk.” This would recognize offsetting market risk – potentially with conservatism built into the model. As part of rulemaking and lower-level relief (e.g.,

Market Risk 49

Market Risk Marketability Banking Equity 49

Valutico

FEBRUARY 13, 2025

In the world of finance and investing, the concept of beta plays a vital role in assessing an investment’s risk and volatility. Whether you’re a seasoned investor or new to the market, understanding beta can empower you to make informed decisions. What is beta and how do you calculate beta?

Beta 52

Beta Covariance Risk-free Rate Specific Risk 52

Valutico

DECEMBER 12, 2023

New Emerging Market Data (From EMIS): What? We’ve integrated new emerging market transaction data from EMIS, a significant enhancement covered by major news outlets like Yahoo Finance and Asia One. New and existing customers can reach out to upgrade and access this valuable data that opens doors to critical insights.

Risk-free Rate 52

Risk-free Rate Risk Premium Market Risk Marketability 52

Reynolds Holding

JULY 31, 2023

The main thrust of the proposal is to eliminate the use of models in relation to credit risk and operational risk and, for market risk exposures, to make the use of models much more difficult to be approved (and to stay approved). from outside the large banking organizations).

Banking 40

Banking Market Risk Compliance Marketability 40

Reynolds Holding

MAY 15, 2024

Finance and business school scholars have noted the decline and the level of consolidation; [4] the top eight FCMs hold over 70 percent of the posted futures margin, suggesting they service the vast majority of customer activity at least in futures.

Banking 64

Banking Marketability Market Risk Finance 64

Brian DeChesare

AUGUST 31, 2022

Convertible Arbitrage Definition: Convertible arbitrage is a relative value strategy in which a hedge fund profits based on the pricing discrepancy between a company’s convertible bonds and its underlying stock; the fund exploits changes in volatility, credit quality, and interest rates to make money while minimizing overall market risk.

Banking 89

Banking Risk-free Rate Equity Start-ups 89

Reynolds Holding

JANUARY 25, 2023

capital markets at a higher rate than do market participants in other economies with their respective markets. For example, debt capital markets account for 80 percent of financing for non-financial corporations in the United States. The United States cannot take its remarkable capital markets for granted.

Technology 59

Technology Marketability Data Analysis Equity 59

Equilest

JUNE 27, 2024

Financing the Acquisition Funding Options There are several funding options available, including bank loans, private equity, and seller financing. Common pitfalls include overlooking intangible assets, underestimating operational inefficiencies, and failing to account for market risks.

Business Valuation 40

Business Valuation Intangible Assets Discounted Cash Flow Asset-based Approach 40

Appraiser Newsroom

JULY 5, 2022

Dr. Henry has over 20 years of diverse experience in the fields of business economics, consulting/advisory services, interest rate and market risk modeling, and government affairs. He also serves on the Equipment Lease and Finance Associations Equipment Management Committee and is active in the Turnaround Management Association.

Appraisal 40

Appraisal Finance Marketability Business Valuation 40

Reynolds Holding

SEPTEMBER 5, 2023

There would be no change in the capital framework for smaller firms, except that those firms with significant trading activities would be subject to the market-risk capital provisions. This new approach would include standardized risk-weights for credit, equity, operational, and credit valuation adjustment risk.

Banking 40

Banking Market Risk Equity Marketability 40

Appraiser Newsroom

JULY 5, 2022

Dr. Henry has over 20 years of diverse experience in the fields of business economics, consulting/advisory services, interest rate and market risk modeling, and government affairs. Mr. Anastasiou specializes in digital assets and decentralized finance (“DeFi”).

Appraisal 40

Appraisal Business Valuation Finance Market Risk 40

Equilest

JUNE 21, 2023

Valuing a business accurately is crucial for making informed decisions, whether it involves buying or selling a company, settling disputes, or obtaining financing. Disagreements may occur when determining the appropriate rates based on market risk, industry factors, and the specific characteristics of the subject company.

Business Valuation 40

Business Valuation Intangible Assets Marketability Finance 40

M&A Leadership Council

JUNE 18, 2024

Assemble a cross-functional team with expertise in finance, operations, legal, HR, and strategy: Identify and recruit team members with relevant experience and skills. Risk Identification: Identify potential risks in each key area (financial, operational, strategic, etc.): Assign roles and responsibilities to each team member.

Compliance 52

Compliance Marketability Technology Market Risk 52

Reynolds Holding

MAY 19, 2024

Other Ruling Policies Regarding Parent Debt Exchanges The New Rev. Effect of Transaction Related to the Spin-Off on SpinCo Securities The New Rev.

Market Risk 45

Market Risk Banking Marketability Treasury 45

M&A Leadership Council

JUNE 18, 2024

Assemble a cross-functional team with expertise in finance, operations, legal, HR, and strategy: Identify and recruit team members with relevant experience and skills. Risk Identification: Identify potential risks in each key area (financial, operational, strategic, etc.): Assign roles and responsibilities to each team member.

Compliance 40

Compliance Marketability Technology Market Risk 40

Reynolds Holding

AUGUST 9, 2023

Require these banking organizations to calculate their risk-based capital ratios under the existing standardized approach and expanded standardized approach (a “dual-stack” requirement), and use the lower (less favorable) ratio of the two. Eliminate the opt-out for accumulated other comprehensive income (“AOCI”).

Banking 52

Banking Market Risk Marketability Finance 52

Musings on Markets

JANUARY 28, 2024

In this post, I look at risk, a central theme in finance and investing, but one that is surprisingly misunderstood and misconstrued. That said, and notwithstanding decades of research and debate on the topic, there are still wide differences in how risk is defined and measured. What is risk?

Risk Premium 122

Risk Premium Beta Start-ups Equity 122

Reynolds Holding

APRIL 21, 2022

In particular, the disclosure of Scope 3 greenhouse gas emissions (which capture financed emissions) and climate scenario analysis will likely be mandatory for many financial institutions. Scope 3 GHG Emissions.

Banking 45

Banking Finance Compliance Equity 45

Reynolds Holding

APRIL 9, 2024

At the same time, the radical transformational consequences of these innovations are threatening to disrupt traditional finance and even jeopardize the stability of the financial system. It also can shift financing away from regulated banks to unregulated funding sources.

Finance 45

Finance Treasury Banking Marketability 45

Brian DeChesare

APRIL 13, 2022

The short answer is “investment bankers, equity research professionals, and a mix of people from other finance roles.”. Probably 90% of hedge fund stock pitches use long/short equity or related strategies. And if you also include long-only hedge funds, you can add names like Baupost Group. Recruiting Into Long/Short Equity Funds: Who Gets In?

Equity 98

Equity Start-ups Banking Marketability 98

Reynolds Holding

JUNE 8, 2023

However, we expect that financial sponsors will be selective in making investments and may be opportunistic in providing equity financing for M&A transactions that create larger and more diversified franchises.

Banking 40

Banking Equity Private Equity Firm Marketability 40

Appraiser Newsroom

JULY 5, 2022

Dr. Henry has over 20 years of diverse experience in the fields of business economics, consulting/advisory services, interest rate and market risk modeling, and government affairs. Mr. Anastasiou specializes in digital assets and decentralized finance (“DeFi”). Joseph Thompson , ASA, is a Principal at The Griffing Group.

Business Valuation 40

Business Valuation Intangible Assets Appraisal Finance 40

Reynolds Holding

JUNE 4, 2025

opinions on the issuers strengths, weaknesses, market risks, and timing preferences) and quantitative feedback (e.g. Our results carry important practical implications for market participants and regulators. Journal of Corporate Finance. The Journal of Finance. ” The Journal of Finance 56(6): 2337-2369.

Finance 45

Finance Marketability Corporate Finance Market Risk 45

Reynolds Holding

JANUARY 6, 2025

Singapore International Platform on Sustainable Finance Publishes Common Ground Taxonomy The International Platform on Sustainable Finance (IPSF) presented its Multi-Jurisdictional Common Ground Taxonomy (M-CGT) on November 14, which highlights the interoperability of the EU, China, and Singapore green taxonomies.

Treasury 45

Treasury Finance Banking Marketability 45

Equidam

APRIL 22, 2025

Discount Rates / Risk Premiums: The discount rate used in DCF analysis (often the WACC) incorporates elements sensitive to market conditions. [21] 21] [22] [24] [27] The cost of equity component includes the market risk premium the excess return investors expect for investing in the broader market over a risk-free rate.

Discounted Cash Flow 52

Discounted Cash Flow Marketability Risk Premium Start-ups 52

Equidam

JANUARY 24, 2025

saving on employee taxes) overshadow the need for a robust, well-supported valuation that will also stand up to investor scrutiny in the next financing round. Tip : When referencing comparables, clarify adjustments made for differences in stage, geography, or market conditions.

Compliance 59

Compliance Equity Fair Market Value Discounted Cash Flow 59

Equidam

APRIL 22, 2025

The Purpose Across the Private Market Lifecycle Valuation is not a monolithic concept; its specific purpose and application evolve across different types of private market transactions, acting as a common language for assessing worth, albeit with different nuances depending on the context.

Discounted Cash Flow 64

Discounted Cash Flow Terminal Value Marketability EBITDA 64

Reynolds Holding

JANUARY 14, 2025

The four critical areas of risk addressed under the remaining final phase of Basel III– credit risk, market risk, operational risk, and risk associated with financial derivatives are a direct response to the experience of 2008.

Banking 45

Banking Marketability Treasury Start-ups 45

Global Finance

DECEMBER 26, 2024

Being able to offer best-in-class services in todays foreign exchange markets requires a combination of strong relationships with clients and other dealers, along with top-level technology and data management, he concludes. Standard Bank has an FX transactions market share of 30% in the African countries in which it operates.

Banking 87

Banking Marketability Technology Finance 87