In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).
The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.
In information security, computer security and network security an Asset is any data, device, or other component of the environment that supports information-related activities. Assets generally include hardware (e.g. servers and switches), software (e.g. mission critical applications and support systems) and confidential information. Assets should be protected from illicit access, use, disclosure, alteration, destruction, and/or theft, resulting in loss to the organization.
When performing risk analysis it is important to weigh how much to spend protecting each asset against the cost of losing the asset. It is also important to take into account the chance of each loss occurring. Intangible costs must also be factored in. If a hacker makes a copy of all a company's credit card numbers it does not cost them anything directly but the loss in fines and reputation can be enormous.
SterlingBank... “The Bank also has strong Liquidity coverage for the mismatch in the maturity profiles of its deposit and loans, the liquid assets of the Bank provide adequate cushion resulting in Net Liquidity Surplus of N63.5b in the long-term.,” The statement said.
The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency ...Global investment bank JPMorgan published a report Thursday outlining major changes it expects to happen in the crypto industry following the collapse of cryptocurrency exchange FTX.
Banking in Pakistan flourished during the first half of the calendar year 2022; both assets and income noted a strong increase while the balance sheet of banks expanded by 16 per cent over the same period of last year. The StateBank issued a “mid-year performance review” (MYPR) of the banking sector for 2022 on Monday.
However, the less hawkish comment and Fed meeting minutes dragged the dollar index lower and risk assets higher in the week gone ...UnionBank to raise Rs 2,200 crore via bond issue ... The central bank dollar buying, revaluation of dollar assets and gold pushed the forex kitty higher in the said period.
One measure taken was to freeze the assets of FTXDigital Markets – the Bahamian subsidiary of the company ...The Bahamas, whose GDP is largely made up of the countries’ strong off-shore banking sector, used its authorities’ experience in similar matters and immediately froze all possible assets of both FTX and FTX Digital Markets.
Nomura's wholesale division consists of the global markets and investment banking arms. Japan's biggest brokerage and investment bank has had a long troubled history in its attempts to expand overseas, including the acquisition of assets from the collapsed Lehman Brothers in 2008 which it later wrote down.
“It is most profound for me to say that out of the 49 DMBs in-liquidation, the Corporation in September 2022 declared 100 per cent liquidation dividend in 20 of those institutions, meaning that the Corporation has realised enough funds from their assets to fully pay all depositors of the listed banks.”.
All ninety properties in KAIZEN Asset Management’s portfolio were assessed on the basis of the following six health and safety pillars ...Green Building Council.Banking on its approach of ‘Creating Memorable Experiences’, KAIZEN Asset Management has established itself as a distinctive brand within the UAE market.
Executive pay was capped by Ireland at 500,000 euros a year after the crisis that resulted in the euro zone’s costliest bank sector bailout ... The recommendations include a lifting of the 500,000 euro pay cap for Bank of Ireland, the country’s largest bank by assets, which returned to full private ownership this year.
the Government could easily resolve the situation by encouraging banks to lend to real estate developers (by reducing the capital charge on loans to developers, for example), it can expedite the approval process for new projects to alleviate developers’ asset-liability mismatch ...
In contrast, in recent years the trust has used no debt – no ‘gearing’ – at all, judging most assets too expensive ... So-called ‘style drift’ is a red flag for asset allocators ... Because the one asset that set Spiller’s pulse racing was… gilts ... Yes, the most boring asset around ... It is a natural asset for a conservative sterling investor to hold.
Large State-owned commercial banks are taking the lead in ramping up real estate financing. The Industrial and CommercialBank of China, the country's largest commercial lender by assets, said on Thursday it will provide 655 billion yuan in credit lines to 12 developers.
Chinese assets are, unsurprisingly, under pressure - the offshore yuan fell on Monday for a fifth straight day and Chinese stocks had their biggest decline in a month ... If anyone was in any doubt, the hawks at the big central banks are not backing down. Risk assets are under ...