Academic literature on the topic 'Regulatory Asset Base'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the lists of relevant articles, books, theses, conference reports, and other scholarly sources on the topic 'Regulatory Asset Base.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Journal articles on the topic "Regulatory Asset Base"
1
Newbery, David M. "Determining the regulatory asset base for utility price regulation." Utilities Policy 6, no. 1 (March 1997): 1–8. http://dx.doi.org/10.1016/s0957-1787(96)00015-x.
Full text
2
Onyschenko, V. O., A. Y. Berezhna, and О. М. Filonych. "Incentive Tariff Regulation of Utilities: Theoretical Basis and Practical Application." PROBLEMS OF ECONOMY 1, no. 47 (2021): 28–44. http://dx.doi.org/10.32983/2222-0712-2021-1-28-44.
Full textAbstract:
The article aims at studying the manifestation features of the system of incentive tariff regulation of utilities given the need to attract investment to modernize the utilities infrastructure in cities in the field of electricity and centralized water consumption, indicating its risks and benefits. The following methods were used: decomposition, comparative analysis (when considering the methods of tariff calculation based on the "cost plus" principle and on the "rate of return on invested capital and regulatory asset base"), scientific abstraction, systemic approach, construction of scientific hypotheses (when studying the algorithm for the calculation and dynamics of the incentive tariff for electricity distribution services and centralized water consumption). A change in the electricity cost for end consumers under the transition to an incentive tariff for electricity distribution has been modelled. The dynamics of tariffs changes in centralized water consumption services is studied based on the concept of the rate of return on invested capital and regulatory asset base (RAB-methodology), and the number of investment resources that under such conditions can be directed to modernize urban water infrastructure is forecasted. The expediency of different approaches to determining the rate of return on capital (single and differentiated rate) given the legal status of assets is proved. The RAB tariff regulation concept is applied to services in the field of centralized water consumption with the identification of risks and benefits for consumers, service providers and potential investors in the modernization of the industry infrastructure. Given the energy intensity of the services, the impact of the full introduction of the electricity market on the tariffs dynamics and on the need for effective social tension preventers has been identified. The research results prove the necessity and validity of applying incentive tariff regulation in the field of electricity and water consumption, provided that the interests of consumers and service providers are balanced; and allow authorized persons to design a number of appropriate measures to ensure that the service provider invests the established amount of finance in the first regulatory period, given the uncertainty of this issue in the regulations
3
Adewole, Clement, Cynthia Muna, and Victor Odumu. "BVN REGULATORY FRAMEWORK AND BANKING SYSTEM STABILITY IN NIGERIA." International Journal of Innovative Research in Social Sciences and Strategic Management Techniques 9, no. 1 (January 9, 2022): 62–79. http://dx.doi.org/10.48028/iiprds/ijirsssmt.v9.i1.07.
Full textAbstract:
This study examined the effect of BVN Regulatory Framework on banking system Stability in Nigeria. The study adopted a survey research design and Primary data for this study were obtained through questionnaires, which were administered to 213 management staff of the ten (10) selected banks. The data was analyzed using descriptive statistics while spearman rank correlation was used to test the hypotheses. The result indicates that BVN Regulatory Framework have a significant effect on bank capital adequacy, bank liquidity and asset quality in Nigeria. The study concludes that BVN Regulatory Framework have a significant effect on banking system stability in Nigeria. It was recommended that Banks must ensure that Customers Bank Accounts are protected from unauthorized access while implementing BVN regulatory framework so as to avoid running into liquidity problem; In other to maintain a sound capital base, banks must ensure that staff comply strictly to BVN regulatory framework in it operation and Banks should continue to make effective use of BVN regulatory framework in the course of lending and administration so as to maintain high credit portfolio while avoiding cases of non-performing loan.
4
Varchenko, O. M., I. Svinous, D. Kachan, S. Khomovyi, and M. Khomovju. "Methodical approaches to the assessment of the reproduction of the agricultural enterprises material and technical base." Ekonomìka ta upravlìnnâ APK, no. 1 (155) (May 21, 2020): 47–55. http://dx.doi.org/10.33245/2310-9262-2020-155-1-47-55.
Full textAbstract:
The signifcance of the evaluation of the logistical base of agricultural enterprises in the accounting system is revealed in the article. Research methods have been described and alternative approaches to inventory valuation by national and international accounting standards have been investigated, and it has been identifed that there are some inconsistencies in the formation of inventory values at the date of receipt, disposal and balance sheet date. The main features of organization of accounting of land plots in agricultural enterprises are established. To determine the value of the land previously used by the enterprise (for example, on certifcates of ownership and use), we propose to use in the current accounting the estimated value of the land, which is based on the regulatory monetary valuation, determined by differential rental income. It has been found that an integral part of a biological transformation is the assessment of changes in a biological asset, which includes measuring and controlling changes in quality (fat content, protein, fber strength, etc.) or quantity (breeding, weight, etc.). In the course of the research it is determined that the process of accounting and valuation of biological assets at fair value should include such steps as: defning biological assets as an object of accounting according to their classifcation; specifcation of biological assets by species, cultures, rocks and other defning features; active market research and price information and technical and economic information collection; selection of biological asset valuation methodology; the calculation of the fair value of biological assets in accordance with the methodology adopted. An examination of the IFRS 13 "Fair Value Measurement for the measurement of biological assets at fair value" has shown that it should be made from the perspective of all market participants and the market environment should be assigned to the entities themselves. This will take into account the differences that exist between them, as they differ not only in terms of quality but also in the types of economic activity. In order to improve the investment attractiveness of enterprises, it is advisable to evaluate agricultural organizations' land resources according to International Accounting Standards, which provide for fair value. Valuation of assets and liabilities at this cost will increase the transparency of the fnancial statements and the reliability of the information on the fnancial and economic activities of the entity. In addition, in the analysis of fnancial and economic activity of enterprises of the corporate sector of the agrarian economy, a real assessment of land resources will have a positive impact on the normative indicators of liquidity and fnancial stability, which is especially important in the conditions of fnancial crisis and growing need for investment. Key words: material base, resources, inventories, fxed assets, reproduction process, market value, fair price, land valuation, accounting efciency.
5
Atuahene, Sampson Agyapong, Kong Yusheng, Geoffrey Benturn-Micah, and Abigail Konadu Aboagye. "Impact of Capital Adequacy on Banks’ Performance: Considering the Basel International Regulatory Framework for Banks." ETIKONOMI 20, no. 1 (February 22, 2021): 45–54. http://dx.doi.org/10.15408/etk.v20i1.15590.
Full textAbstract:
This study examines the impact of banks' capital on the performance of banks. The studies adopted a fixed-effect model estimation. Time-series data covering the period 2008-2017 for Ghanaian listed universal banks was considered. We found out that the bank’s capital and banks’ net profit after tax has a positive and significant relationship with banks’ total asset base as a performance indicator. We further discovered through correlational analysis that there is a strong negative link between banks' outstanding loans (credit advancement) and banks' performance. The fundamental implications of this study are to encourage the monitoring of capital adequacy of banks since it creates opportunities for banks to perform effectively.JEL Classification: E5, E44, G21, G30How to Cite:Atuahene, S. A., Yusheng, K., Bentum-Micah, G., & Aboagye, A. K. (2021). Impact of Capital Adequacy on Banks’ Performance: Considering the Basel International Regulatory Framework for Banks. Etikonomi: Jurnal Ekonomi, 20(1), 45 – 54. https://doi.org/10.15408/etk.v20i1.15590.
6
Feschiyan, Daniela, and Radka Andasarova. "The New Approach for Risk Regulation in Banks." New Challenges in Accounting and Finance 3 (March 2020): 1–13. http://dx.doi.org/10.32038/ncaf.2020.03.01.
Full textAbstract:
The purpose of this report is to present the necessity of proceeding to new reforms in bank regulation and to increase the stability and risk sensitivity of the capital base under applying the Standardised Credit Risk Assessment Approach (SCRA) in banks. The dynamics in the bank regulation and supervision of credit risk assessment approaches are explored. In the paper, a thorough theoretical-methodological and historical-logical analysis was made of the evolution of the development and chronology of the global regulatory frameworks for banks - Basel 1, Basel 2 and Basel 3. The contemporary projections and challenges for the banks' management under the new regulatory and institutional changes are presented. The SCRA is a positive asset in bank capital regulation in contemporary banking. The revisions to the regulatory framework – Basel 3 by is a long continuous process influenced by numerous economic, social and political factors. The preparation of the Bulgarian banking system for a new reform of financial regulation is analyzed. The need for adoption of a new risk-based approach for capital assessment and the importance of transparency in bank financial reporting is proved.
7
Czeczeli, Vivien, and Martin Vilonya. "Exchange Rate Developments of Cryptocurrencies Based on Event Study Analysis." Pénzügyi Szemle = Public Finance Quarterly 67, no. 2 (2022): 231–47. http://dx.doi.org/10.35551/pfq_2022_2_5.
Full textAbstract:
As the cryptocurrency market dynamically evolves, important financial and economic issues arise. The main focus of the present research is on the price of cryptocurrencies. Following the exploration of the literature base, special emphasis was put on the comparison between the crypto market and markets for different asset classes (gold, stocks, foreign currency) and on the identification of connection points. Next, the article focuses on the period after 2020, and applies the event study methodology in order to establish, how the two cryptocurrencies with the highest market capitalization (Bitcoin and Ethereum) reacted to selected events. These events mainly encompassed hacker attacks aimed at the systems that form the basis of the operation of cryptocurrencies, and also certain steps regarding their regulation and application. Overall, it was established that hacker attacks did not have a significant effect on the exchange rates of the two examined cryptocurrencies. Effects of regulatory action on prices are mixed, however even significant effects can be regarded as short-lived.
8
Gerbych, L., and M. Buznyk. "Organizational and informational model of analysis of the financial condition of credit union." Galic'kij ekonomičnij visnik 75, no. 2 (2022): 55–63. http://dx.doi.org/10.33108/galicianvisnyk_tntu2022.02.055.
Full textAbstract:
The relevance of conducting regular analysis of the financial condition of credit unions as a necessary element of confirming their financial resources for further effective business activities is substantiated. The necessity of building an organizational and information model of such analysis, which includes the purpose and objectives, subjects and objects, system of indicators, information base, methodological support of the analysis and methods of generalization and implementation of its results is proved. The purpose of the analysis of the financial condition of credit union is to identify in a timely manner the factors that cause its deterioration and develop measures to eliminate or minimize their negative impact. The tasks of the credit union's financial condition analysis include the analysis of assets, liabilities, liquidity, solvency, efficiency and profitability. The subjects of the analysis of the financial condition of credit union are divided into external and internal. External entities include the regulator represented by the National Bank of Ukraine; customers; partners; fiscal, judicial authorities; internal ones - governing bodies, collegial and territorial governing bodies, employees of executive units with the functions of financial management. The main indicators of the analysis of the financial condition of credit union are divided into such groups as capital adequacy, asset quality, liquidity, efficiency and profitability and proposed an algorithm for calculating them are proposed in accordance with the requirements of the rules for preparing and submitting reports by participants of the non-bank financial services market, introduced since the beginning of 2022.The information base of the analysis of the financial condition of credit unions as a set of sources of internal and external information, which include financial and statistical reporting, as well as operational data of financial accounting; indicators of credit unions published by the NBU both in the market as a whole and by institutions on a quarterly basis, as well as information on the activities of credit unions posted on the websites of self-regulatory organizations are noted. The review of existing methods for assessing the financial condition of credit unions as its methodological support is carried out and promising area of research for their further improvement is identified. Measures to increase the financial condition of credit unions of Ukraine are proposed.
9
Krupka, Yaroslav, and Volodymyr Okrenets. "Cryptocurrency as an object of accounting and a source of economic benefits." Herald of Ternopil National Economic University, no. 3(97) (October 1, 2020): 238–51. http://dx.doi.org/10.35774/visnyk2020.03.238.
Full textAbstract:
Introduction. Cryptocurrency and related activities in Ukraine are not regulated by specialized law. Transactions with currency «crupto» are increasingly used in the accounting practice of domestic enterprises. The correctness of an accounting of such transactions is influence on actuality of the financial statements, the completeness of the taxes payment and the amount of income and profits of enterprises. The main aim is to analyze the peculiarities of the formation and movement of cryptocurrency, its recognition as an object of accounting, justification for further accounting evaluation and impact on performance. Methods. Methods observation, comparison, analogy, grouping and classification, abstraction and specification, analysis and synthesis, tabular and structural-logical methods are used. The information base of the research is the scientific achievements of domestic and foreign scientists and specialists, own experience and observations. Results. The definition of cryptocurrency as an object of accounting and a source of economic benefits is considered. The possibilities and advantages of cryptocurrency using in different spheres of economy are determined and systematized. The role and significance of cryptocurrency with the functions of money are compared. The possibility of classifying cryptocurrency as a certain type of enterprise assets in accordance with IAS and UAS (P(S)BO) is analyzed. The peculiarities of valuation and accounting of cryptocurrency as an intangible asset are substantiated. The problems of taxation of cryptocurrency transactions are identified and certain solutions are proposed until the regulatory settlement of this issue.
10
Bublyk, Yevhen. "MEASURES OF FINANCIAL REGULATORS IN THE FIELD OF INTERNATIONAL CAPITAL FLOWS CONTROL." Economics & Education 6, no. 2 (August 27, 2021): 58–62. http://dx.doi.org/10.30525/2500-946x/2021-2-10.
Full textAbstract:
The article attempts to identify new trends in approaches to assessing the impact of uncontrolled international capital flows on the development of the national economy and the corresponding changes in regulatory policies. It is pointed out that uncontrolled capital flows pose a special threat to small open economies due to insufficient development of the institutional environment and low depth of financial markets. There has been constructed circle of typical for small open economies risks, conducted with uncontrolled capital flows movement, such as deepening structural imbalances in financial asset markets, undesirable excessive fluctuations in the national currency rate, the flight of national capital and the erosion of the tax base. Based on the analysis of recent research, international regulatory initiatives of EU countries, recommendations of international development institutions and IMF’s Integrated Policy Framework, have been identified such trends as strengthening control over illegal capital flows, limiting of the negative speculative influence, panic and herd behaviour on exchange rate stability. Argued for a very important role which plays an uncontrolled dynamics of national currency rate on the transmission of global shocks to national economies. This necessitates a serious overhaul of exchange rate policy approaches. Central banks of small open economies should consider exchange rate stability as one of their goals. This does not mean inflation targeting abandon. The use of the instrument of currency interventions helps to influence the achievement of external targets, increasing the ability of interest rate policy instruments to achieve inflation targeting in the domestic market as well. As a conclusion and proposals for further development of policies in the financial sector to ensure the sustainable development of small open economies is systematized a list of possible regulatory measures. It is emphasized that the development of regulatory policies in the monetary and financial spheres in small open economies, which includes Ukraine, should be implemented comprehensively and include the development of macroprudential tools to limit systemic risk factors, suppress illicit capital flows and reduce the role of psychological factors of pro-cyclical behavior. The implementation of regulatory measures on transparent terms in such spheres will not make free-market self-regulatory mechanisms weaken, but rather helps to release them.
Dissertations / Theses on the topic "Regulatory Asset Base"
1
Rocchi, Alessio. "The payoff replication of higly regulated companies." Doctoral thesis, Università degli studi di Trieste, 2010. http://hdl.handle.net/10077/3433.
Full textAbstract:
2008/2009This thesis aims to identify the determining factors of the RAB premium and to define what part is ascribable to factors relating to the fundamentals of the company and what part to factors of a financial nature. Moreover, it attempts to provide an interpretation of the dynamic nature of Snam Rete Gas and Terna share prices according to the options theory and considers the fact that share performance has fluctuated but always remained above the value of invested capital allowed by the regulator, namely the RAB.
XXII Ciclo
1972
2
Pejanovic, Trivko. "Information management : best practices in broad base industries / Trivko Pejanovic." Thesis, North-West University, 2006. http://hdl.handle.net/10394/1564.
Full text
3
Muller, Grant Envar. "Optimal asset allocation and capital adequacy management strategies for Basel III compliant banks." University of the Western Cape, 2015. http://hdl.handle.net/11394/4755.
Full textAbstract:
Philosophiae Doctor - PhDIn this thesis we study a range of related commercial banking problems in discrete and continuous time settings. The first problem is about a capital allocation strategy that optimizes the expected future value of a commercial bank’s total non-risk-weighted assets (TNRWAs) in terms of terminal time utility maximization. This entails finding optimal amounts of Total capital for investment in different bank assets. Based on the optimal capital allocation strategy derived for the first problem, we derive stochastic models for respectively the bank’s capital adequacy and liquidity ratios in the second and third problems. The Basel Committee on Banking Supervision (BCBS) introduced these ratios in an attempt to improve the regulation of the international banking industry in terms of capital adequacy and liquidity management. As a fourth problem we derive a multi-period deposit insurance pricing model which incorporates the optimal capital allocation strategy, the BCBS’ latest capital standard, capital forbearance and moral hazard. In the fifth and final problem we show how the values of LIBOR-in-arrears and vanilla interest rate swaps, typically used by commercial banks and other financial institutions to reduce risk, can be derived under a specialized version of the affine interest rate model originally considered by the bank in question. More specifically, in the first problem we assume that the bank invests its Total capital in a stochastic interest rate financial market consisting of three assets, viz., a treasury security, a marketable security and a loan. We assume that the interest rate in the market is described by an affine model, and that the value of the loan follows a jump-diffusion process. We wish to find the optimal capital allocation strategy that maximizes an expected logarithmic utility of the bank’s TNRWAs at a future date. Generally, analytical solutions to stochastic optimal control problems in the jump setting are very difficult to obtain. We propose an approximation method that exploits a similarity between the forms of the control problems of the jump-diffusion model and the diffusion model obtained by removing the jump. With the jump assumed sufficiently small, the analytical solution of the diffusion model then serves as a proxy to the solution of the control problem with the jump. In the second problem we construct models for the bank’s capital adequacy ratios in terms of the proxy. We present numerical simulations to characterize the behaviour of the capital adequacy ratios. Furthermore, in this chapter, we consider the approximate optimal capital allocation strategy subject to a constant Leverage Ratio, which is a specific non-risk-based capital adequacy ratio, at the minimum prescribed level. We derive a formula for the bank’s TNRWAs at constant (minimum) Leverage Ratio value and present numerical simulations based on the modified TNRWAs formula. In the third problem we model the bank’s liquidity ratios and we monitor the levels of the liquidity ratios under the proxy numerically. In the fourth problem we derive a multi-period deposit insurance pricing model, the latest capital standard a la Basel III, capital forbearance and moral hazard behaviour. The deposit insurance pricing method utilizes an asset value reset rule comparable to the typical practice of insolvency resolution by insuring agencies. We perform numerical computations with our model to study its implications. In the final problem, we specialize the affine interest rate model considered previously to the Cox-Ingersoll-Ross (CIR) interest rate dynamic. We consider fixed-for-floating interest rate swaps under the CIR model. We show how analytical expressions for the values of both a LIBOR-in-arrears swap and a vanilla swap can be derived using a Green’s function approach. We employ Monte Carlo simulation methods to compute the values of the swaps for different scenarios. We wish to make explicit the contributions of this project to the literature. A research article titled “An Optimal Portfolio and Capital Management Strategy for Basel III Compliant Commercial Banks” by Grant E. Muller and Peter J. Witbooi [1] has been published in an accredited scientific journal. In the aforementioned paper we solve an optimal capital allocation problem for diffusion banking models. We propose using the solution of the Brownian motions control problem of [1] as the proxy in problems two to four of this thesis. Furthermore, we wish to note that the methodology employed on the final problem of this study is actually from the paper [2] of Mallier and Alobaidi. In the paper [2] the authors did not present simulation studies to characterize their pricing models. We contribute a simulation study in which the values of the swaps are computed via Monte Carlo simulation methods.
4
Havlíček, Radek. "Vliv Basel III na řízení rizik v bankách." Master's thesis, Vysoká škola ekonomická v Praze, 2016. http://www.nusl.cz/ntk/nusl-264647.
Full textAbstract:
The diploma thesis focuses on the regulatory framework of the BASEL III in coherence with risk management and measurement of market and credit risks. The accent is focused upon methodology of calculation and determination of the capital requirements of above mentioned risks. In the introductory part of the thesis are mentioned basic procedures regarding risk management as well as theoretical methodology and development of calculation of the capital requirements in coherence with current standard BASEL III. In the practical part of the thesis are presented capital management policies with regards to BASEL III in Deutsche Bank AG, globally presented institution and Komerční banka, a.s., operating on the Czech market. Accented are mainly the expositions of the institutions and the size of the capital required by the regulatory framework.
5
Durabile, Vicenzo António Pires de Almeida. "A imparidade e os ativos por imposto diferidos : o impacto das novas regras regulatórias aplicáveis às entidades bancárias." Master's thesis, Instituto Superior de Economia e Gestão, 2015. http://hdl.handle.net/10400.5/9275.
Full textAbstract:
Mestrado em Contabilidade, Fiscalidade e Finanças EmpresariaisA presente dissertação foca-se na problemática das imparidades, e respetivo impacto nos ativos por impostos diferidos, no âmbito das novas regras regulatórias aplicáveis às empresas do setor bancário, no que diz respeito ao cálculo dos fundos próprios, introduzidas pelo Regulamento (UE) n.º 575/2013 e pela Diretiva 2013/36/UE, ambos do Parlamento Europeu e Conselho, de 26 de junho seguindo as recomendações do quadro regulamentar conhecido como Basileia III. A análise efetuada aos dados relevantes das demonstrações financeiras consolidadas de quatro das maiores instituições bancárias portuguesas indicia que, os efeitos do novo quadro regulamentar poderiam assumir expressão significativa no setor bancário português e que a nova legislação aprovada, permitindo a conversão de alguns tipos de ativos por impostos diferidos em créditos tributários, procura minorar esse impacto. O estudo da origem dos problemas criados por novos quadros regulamentares no setor bancário e dos seus impactos é de uma enorme importância, dado o caráter sistémico que este assume em todos os restantes setores da economia real.
This dissertation focuses on the problem of impairments, and respective impact on deferred tax assets, under the new regulatory rules applicable to companies in the banking setor, regarding the own funds calculation, introduced by Regulation (EU) No. 575/2013 and Directive 2013/36/EU, both of the European Parliament and Council, of 26 June, following the recommendations of the regulatory framework known as Basel III. The analysis carried out the relevant data, the consolidated financial statements of four of the larger Portuguese banks, indicates that the effects of the new regulatory framework could take significant expression in the Portuguese banking setor and that the new legislation adopted that allows the conversion of some types of deferred tax assets on tax credits, seeks to reduce this impact. The study of the origin of the problems created by new regulatory frameworks in the banking sector, and its impacts, is of great importance given the systemic character that this assumes in all other sectors of the real economy.
6
Stoffberg, Hestia Jacomina. "Assessing the suitability of regulatory asset correlations applied to South African loan losses / Hestia Jacomina Stoffberg." Thesis, 2015. http://hdl.handle.net/10394/15960.
Full textAbstract:
The Basel Committee on Banking Supervision (BCBS) designed the Internal Ratings Based (IRB) approach, which is based on a single risk factor model. This IRB approach was de-signed to determine banks’ regulatory capital for credit risk. The asymptotic single risk factor (ASRF) model they used makes use of prescribed asset correlations, which banks must use for their credit risk regulatory capital, in order to abide by the BCBS’s rules. Banks need to abide by these rules to reach an international standard of banking that promotes the health of the specific bank. To evaluate whether these correlations are as conservative as the BCBS intended, i.e. not too onerous or too lenient, empirical asset correlations embedded in gross loss data, spanning different economic milieus, were backed out of the regulatory credit risk model.
A technique to extract these asset correlations from a Vasicek distribution of empirical loan losses was proposed and tested in international markets. This technique was used to extract the empirical asset correlation, and then compare the prescribed correlations for developed (US) and developing (South Africa) economies over the total time period, as well as a rolling time period. For the first analysis, the BCBS’s asset correlation was conservative when com-pared to South Africa and the US for all loan types. Comparing the empirical asset correlation over a seven-year rolling time period for South Africa and the BCBS, the specified asset cor-relation was found to be as conservative as the BCBS intended. Comparing the US empirical asset correlation for the same rolling period to that of the BCBS, it was found that for all loans, the BCBS was conservative, up until 2012. In 2012 the empirical asset correlation sur-passed that of the BCBS, and thus the BCBS was not as conservative as they had originally intended.MCom (Risk Management), North-West University, Potchefstroom Campus, 2015
7
(9183590), Xin Xu. "SEMANTIC INTELLIGENCE FOR KNOWLEDGE-BASED COMPLIANCE CHECKING OF UNDERGROUND UTILITIES." Thesis, 2020.
Find full textAbstract:
Underground utilities must comply with the requirements stipulated in utility regulations to ensure their structural integrity and avoid interferences and disruptions of utility services. Noncompliance with the regulations could cause disastrous consequences such as pipeline explosion and pipeline contamination that can lead to hundreds of deaths and huge financial loss. However, the current practice of utility compliance checking relies on manual efforts to examine lengthy textual regulations, interpret them subjectively, and check against massive and heterogeneous utility data. It is time-consuming, costly, and error prone. There remains a critical need for an effective mechanism to help identify the regulatory non-compliances in new utility designs or existing pipelines to limit possible negative impacts. Motivated by this critical need, this research aims to create an intelligent, knowledge-based method to automate the compliance checking for underground utilities.
The overarching goal is to build semantic intelligence to enable knowledge-based, automated compliance checking of underground utilities by integrating semantic web technologies, natural language processing (NLP), and domain ontologies. Three specific objectives are: (1) designing an ontology-based framework for integrating massive and heterogeneous utility data for automated compliance checking, (2) creating a semi-automated method for utility ontology development, and (3) devising a semantic NLP approach for interpreting textual utility regulations. Objective 1 establishes the knowledge-based skeleton for utility compliance checking. Objectives 2 and 3 build semantic intelligence into the framework resulted from Objective 1 for improved performance in utility compliance checking.
Utility compliance checking is the action that examines geospatial data of utilities and their surroundings against textual utility regulations. The integration of heterogeneous geospatial data of utilities as well as textual data remains a big challenge. Objective 1 is dedicated to addressing this challenge. An ontology-based framework has been designed to integrate heterogeneous data and automate compliance checking through semantic, logic, and spatial reasoning. The framework consists of three key components: (1) four interlinked ontologies that provide the semantic schema to represent heterogeneous data, (2) two data convertors to transform data from proprietary formats into a common and interoperable format, and (3) a reasoning mechanism with spatial extensions for detecting non-compliances. The ontology-based framework was tested on a sample utility database, and the results proved its effectiveness.
Two supplementary methods were devised to build the semantic intelligence in the ontology-based framework. The first one is a novel method that integrates the top-down strategy and NLP to address two semantic limitations in existing ontologies for utilities: lack of compatibility with existing utility modeling initiatives and relatively small vocabulary sizes. Specifically, a base ontology is first developed by abstracting the modeling information in CityGML Utility Network ADE through a series of semantic mappings. Then, a novel integrated NLP approach is devised to automatically learn the semantics from domain glossaries. Finally, the semantics learned from the glossaries are incorporated into the base ontology to result in a domain ontology for utility infrastructure. For case demonstration, a glossary of water terms was learned to enrich the base ontology (formalized from the ADE) and the resulting ontology was evaluated to be an accurate, sufficient, and shared conceptualization of the domain.
The second one is an ontology- and rule-based NLP approach for automated interpretation of textual regulations on utilities. The approach integrates ontologies to capture both domain and spatial semantics from utility regulations that contain a variety of technical jargons/terms and spatial constraints regarding the location and clearance of utility infrastructure. The semantics are then encoded into pattern-matching rules for extracting the requirements from the regulations. An ontology- and deontic logic-based mechanism have also been integrated to facilitate the semantic and logic-based formalization of utility-specific regulatory knowledge. The proposed approach was tested in interpreting the spatial configuration-related requirements in utility accommodation policies, and results proved it to be an effective means for interpreting utility regulations to ensure the compliance of underground utilities.
The main outcome of this research is a novel knowledge-based computational platform with semantic intelligence for regulatory compliance checking of underground utilities, which is also the primary contribution of this research. The knowledge-based computational platform provides a declarative way rather than the otherwise procedural/hard-coding implementation approach to automate the overall process of utility compliance checking, which is expected to replace the conventional costly and time-consuming skill-based practice. Utilizing this computational platform for utility compliance checking will help eliminate non-compliant utility designs at the very early stage and identify non-compliances in existing utility records for timely correction, thus leading to enhanced safety and sustainability of the massive utility infrastructure in the U.S.
8
Gooley, Nathan John. "Evergreen, bank funding & liquidity management." Thesis, 2016. http://hdl.handle.net/1959.13/1310643.
Full textAbstract:
Research Doctorate - Doctorate of Business Administration (DBA)Government mandated institutions in Australia and Canada have continuously progressed banking regulation throughout time by making gradual alterations to prudential frameworks and supervisory practices. This has included the prompt domestic adaptation of the three Basel accords. A main objective is to ensure banking organisations become more resilient to stresses that impact their capital and liquidity adequacy. Banking organisations are faced with the task of transforming their balance sheets and funding profiles to not only strengthen their balance sheets but to curb heighted liquidity costs that have been brought on by regulatory reform. A review of existing literature on the components of bank funding, liquidity and procyclicality recognises their significance in ensuring individual bank stability and the prevarication of broader systemic implications in the wider economy. This dissertation has examined the historical evolution of the regulatory environments in both Australia and Canada and compared the components of bank balance sheets that offer insights into their funding preference and liquidity holdings, and provide early indicators for procyclicality within the banking sector. It has also had the goal of developing existing research and knowledge of liquidity stresses within bank balance sheets. This research has endeavoured to further balance sheet innovation, through action research that has been carried out over a five year period, to provide banking organisations with options to alter their balance sheets in order to meet the Basel III package of reforms and better deal with liquidity pressures, such as those that were evident in many countries throughout the most recent financial crisis. A new methodology for balance sheet transformation under Basel III, “evergreen” is articulated, with a suite of evergreen asset and liability products and balance sheet exposures being assessed for impact and acceptance within the banking industry. Verification of the evergreen method is demonstrated by the banking industry including it within their strategy for future balance sheet innovation; banks designing and constructing evergreen capability; the regulator encompassing it within prudential standards; and widespread acceptance of evergreen by investors and other financial market participants. Whilst components of evergreen are increasingly becoming a greater part of the banking industry within Australia, it is recognised that the concepts and models of evergreen, are at a primary juncture in their development and require substantial additional focus and research. The usefulness of this dissertation will be established through the particulars of future research settings and must be appraised to the degree that it appears correct, original and apt. Regarding deposits, this dissertation finds that: the existence of voluntary deposit insurance schemes would allow the competitive landscape for retail deposits to become about more than just price; operational deposits are not immune from procyclical competition; Australian banks have a much greater appetite and tolerance for at-call deposit raising; liquidity regulation has permanently shifted the ‘market rate’ for deposit funding above its ‘natural rate’; and foreign currency deposit raising may lead to banks running unhedged positions or developing a larger reliance towards United States Dollars. For wholesale funding, it is observed that: liquidity regulation has increased the reliance of banks on domestic financial markets to fulfil their financing needs; the volume of short-dated prime bank paper being issued in Australia has declined where there are consequences for the Bank Bill Swap Rates; and large differentials in the semi/quarterly spread can substantially impact the profitability of banking book products. The domestic implementation of the Basel III package of reforms on liquidity in both Australia and Canada has, in many ways, imitated the historical approach taken towards bank capital regulation. This dissertation deducts that, as there is for capital, the concept of ‘regulatory’ and ’economic’ liquidity now exists. Furthermore, regulation has introduced a predisposition to government bonds, which may have unintended consequences for both government sponsored issuers and bank investors. Finally, procyclicality must be monitored and managed by the government sponsored institution tasked with the role of implementing monetary policy, rather than institutions that implement and enforce prudential regulation.
Books on the topic "Regulatory Asset Base"
1
Voronina, Larisa. Financial accounting: theory and practice. ru: INFRA-M Academic Publishing LLC., 2021. http://dx.doi.org/10.12737/1171982.
Full textAbstract:
The textbook is based on the normative acts of the system of regulatory regulation of accounting currently in force in the Russian Federation in accordance with the latest amendments to the Tax Code of the Russian Federation and the Labor Code of the Russian Federation.
The basics of the organization of accounting and the principles of its differentiation into financial and managerial accounting are considered. The methodology of accounting for the assets, liabilities and capital of the organization is described, the main aspects of taxation are presented. Numerous practical examples, questions for self-examination and interviews, tests and workshops are given for all chapters.
The content of the textbook and the professional competencies formed based on the results of its study meet the requirements of the federal state educational standards of higher education of the latest generation, the Main Professional Educational Program of Higher Education (OPOP HE) "Accounting, analysis and audit" in the direction of training 38.03.01 "Economics" and the working program of the discipline "Accounting financial Accounting" (MFUA).
For students of economic universities and faculties, students of the system of advanced training and retraining, for practitioners of accounting services, audit companies and administrative and managerial personnel.
2
Charles, Proctor. Part A Regulatory Matters, 6 Capital Adequacy, Liquidity, and Large Exposures. Oxford University Press, 2015. http://dx.doi.org/10.1093/law/9780199685585.003.0006.
Full textAbstract:
This chapter examines the current capital adequacy framework and associated provisions designed to ensure that a bank's business is managed on a prudent basis. It also considers other closely allied topics which may affect the stability of the banking system, namely, liquidity and large exposure requirement. Topics discussed include the origins of the Basel Standards; Basel 2 and Basel 3 rules; the calculation of risk-weighted assets; the nature and effect of credit risk mitigation techniques; market risk; operational risk; and reform on Basel 2.
3
Spagna, Irene. Becoming the World’s Biggest Market. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780190864576.003.0002.
Full textAbstract:
This chapter analyzes the growth of OTC derivatives before the global financial crisis of 2008 and the role of credit default swaps, in particular, in the near collapse of the global economy. It begins by exploring the basic characteristics of derivatives used as risk management instruments by investors to hedge against or exploit the volatility of asset prices. The analysis further reveals that the pre-crisis period was characterized by a broad-based consensus favoring deregulated markets and globally designed private rules. While not always unanimously supported, permissive public regulatory choices were often encouraged by interest group lobbying, the market-friendly views of many domestic authorities, and concerns about regulatory uncertainty and international competitiveness.
4
Simon, Gleeson. Part II Commercial Banking, 9 Model-Based Approaches to Risk Weighting. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198793410.003.0009.
Full textAbstract:
This chapter discusses the Basel risk model. Every financial institution expects to suffer some level of default. Consequently, all properly run banks make provisions for some level of default on their existing assets. This is known as expected loss. At some points losses will be lower than those expected, and at some points they will be higher. The task of the regulator is to set a capital requirement which just skims the top of the actual loss experience curve. If the capital requirement is set significantly higher than this, then banks will be penalized by being required to hold excessive capital, if it is set lower, then the risk of bank failure increases. The remainder of the chapter covers Value at Risk and the Basel framework; the basic Basel formula; specific amendments for different classes; translating between capital requirements and risk weightings; illustrative risk weights; and variations in credit risk weightings between firms.
5
Schwarcz, Steven L. A Global Perspective on Securitized Debt. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198813392.003.0022.
Full textAbstract:
Securitisation represents a significant worldwide source of capital market financing. European investors commonly invest in asset-backed securities issued in U.S. securitisation transactions, and vice versa One of the key goals of the European Commission's proposed Capital Markets Union (CMU) is to further facilitate securitisation as a source of capital market financing as a viable alternative to bank-based finance for companies operating in the EU. To that end, this chapter explains securitisation and attempts to put its rise, its decline after the global financial crisis, and its recent CMU-inspired revival into a global perspective. It examines not only securitisation's relationship to the financial crisis but also post-crisis comparative regulatory approaches in the EU and the United States.
6
Chourou, Lamia. Virtual Currencies as Commodities. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780190656010.003.0026.
Full textAbstract:
The rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies, also known as cryptocurrencies or digital currencies. Virtual currencies, such as Bitcoin, introduced a fundamental transformation that affected the way goods, services, and assets are exchanged. As a result of their distributed ledgers based on blockchains, cryptocurrencies not only offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. This chapter offers a nontechnical discussion of several aspects and features of virtual currencies and a glimpse at what the future may hold for these decentralized currencies.
Book chapters on the topic "Regulatory Asset Base"
1
Jennergren, L. Peter. "On Depreciation and Return on the Asset Base in a Regulated Company Under the Rate-of-Return and LRIC Regulatory Models." In Energy, Natural Resources and Environmental Economics, 343–55. Berlin, Heidelberg: Springer Berlin Heidelberg, 2010. http://dx.doi.org/10.1007/978-3-642-12067-1_19.
Full text
2
Fatouros, Georgios, Georgios Makridis, John Soldatos, Petra Ristau, and Vittorio Monferrino. "Addressing Risk Assessments in Real-Time for Forex Trading." In Big Data and Artificial Intelligence in Digital Finance, 159–70. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-94590-9_9.
Full textAbstract:
AbstractRisk assessment is of high importance when it comes to trading, investments, and other financial activities, as poor risk monitoring could lead to inefficient investments, loss of capital, and penalties by regulatory authorities. Thus, robust risk models, capable of yielding real-time results, are valuable assets for investment banking. This chapter introduces a financial tool that can provide risk assessment on Forex portfolios in (near) real-time and pre-trade analysis at rest. Financial risk is measured in terms of both Value at Risk and the Expected Shortfall, with the respective models utilizing not only statistical but also deep learning techniques that achieve accurate results. Moreover, the proposed application, based on state-of-the-art data management technologies, provides real-time risk assessments, utilizing the latest market data. These features along with the provided pre-trade analysis make this solution a valuable tool for practitioners in high frequency trading (HFT) and investment banking in general.
3
Head, Brian W. "Managing Environmental and Sustainability Challenges." In Wicked Problems in Public Policy, 83–106. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-94580-0_5.
Full textAbstract:
AbstractWicked problems and robust debates abound in environmental policy at local, national and global levels. Over several decades, governments have responded with policies to mitigate industrial pollution, slow the rapid depletion of scarce natural resources and protect biodiversity and ecological systems. The precautionary principle has been invoked to seek thorough assessment of environmental risks before approving economic development projects and technological innovations that might damage ecological assets and human health. Scientific researchers and community groups have lobbied for strong measures to protect biodiversity and promote resilient eco-systems. Resistance to reform has generally been led by conservative parties, corporate media networks and large business firms in traditional industry sectors. Policies for environmental protection have been developed by most national governments, in conjunction with international agreements that encourage collective action. The toolkit of policy instruments has expanded, including regulatory standards and market-based incentives. The role of scientific expertise in providing policy advice on environmental issues has been vital, but controversial. The chapter explores how science interacts with other sources of knowledge and opinion among practitioners and stakeholders. Climate change policy is analysed as an example of interconnected wicked problems, along with brief references to other environmental issues.
4
Bryan, Dick, Michael Rafferty, and Duncan Wigan. "Intangible Capital." In Global Wealth Chains, 89–113. Oxford University Press, 2022. http://dx.doi.org/10.1093/oso/9780198832379.003.0005.
Full textAbstract:
In this chapter, Dick Bryan, Mike Rafferty, and Duncan Wigan trace the increasing significance of intangible capital and outline the analytical challenges this poses for the global wealth chain project and the practical challenges this poses for regulators seeking to gain traction on it. Akin to innovations in finance, intangible capital is driving a historical transformation in both the value composition and the institutional and organizational forms of global capital. The chapter argues that these transformations are changing the nature of production, exchange, and consumption, and relationships between state and capital. Intangible capital is also collapsing categorical distinctions between what is a commodity and what is a financial asset, and between financial and non-financial firms. The chapter illustrates the depth of these transformations by exploring how the management of intellectual property assets has led to the transcendence of tax rules based on valuation by comparison, accrual concepts of liabilities and assets, and readily identifiable ties between legal jurisdictions, economic activity, income streams and assets. Bryan, Rafferty, and Wigan show that while information asymmetries between the regulator and client/supplier are large in hierarchy global wealth chains because of multijurisdictional strategies deployed by firms within corporate structures, they are also large because current regulatory tools are based on outmoded concepts inadequate to capital’s evolving forms.
5
Sugema, Iman, and Toni Bakhtiar. "Effects of Commodity and Asset Bubbles on Inflation in Indonesia." In Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance, 308–18. IGI Global, 2015. http://dx.doi.org/10.4018/978-1-4666-7288-8.ch019.
Full textAbstract:
This chapter aims to investigate the possible impacts of commodity and asset bubbles on inflation in Indonesian economics. The analysis is facilitated by a macroeconomic model described by a couple of structural equations which consist of several exogenous variables as shock generators. The model is basically a linear rational expectation model (LREM) and solved by implementing undetermined coefficient methods. A series of simulation based on the state space representation of the model with respect to an impulse response function is performed to highlight some of key features of current inflation trends. It is shown that consumer price inflation can be propagated by both hikes in international commodity prices and assets prices. Consequently, inflation can be more difficult to manage during an episode of commodity and asset bubbles. Indeed, such an episode is very common to emerging economies during the last few years and thereby it is not surprising that monetary authorities tend to miss the inflation target very often. It suggests that the authorities should take into account the future movement of commodity and assets prices when setting the target.
6
Ajia, Fatima O., Tim Wagstaff, and Liz Sharp. "Mobilising the public to reduce household water use in Essex and Suffolk Water." In Resilience of Water Supply in Practice: Experiences from the Frontline, 59–80. IWA Publishing, 2021. http://dx.doi.org/10.2166/9781789061628_0059.
Full textAbstract:
Abstract The south-eastern region of the UK is facing water scarcity due to population growth and insufficient rainfall to meet household water demand. One of the regulatory requirements for water utilities is customer engagement to increase water efficiency. This chapter aims to identify key barriers to delivering engagement activities promoting household water efficiency and opportunities for improving practices in Essex & Suffolk Water (ESW) – a UK water utility operating in areas of serious water stress. A reflection is made on the water utility's Every Drop Counts (EDC) home visit campaign, an annual household water efficiency initiative, with particular focus on insights from its face-to-face delivery during Asset Management Plan 6 (AMP6, 2015−2020). The pilot of the EDC campaign's virtual initiative comprising of 66 virtual home visits is examined, with focus on drawing out lessons learned as Asset Management Plan 7 (AMP7, 2020−2025) begins during the coronavirus disease 2019 (COVID-19) pandemic. Whilst the virtual home visit campaign was found to reach a broader customer base, save financial and environmental costs, and address the season and place constraints typically posed by the face-to-face campaign, fewer water saving devices were installed per property (4.4) compared to the face-to-face campaign (6.4), and calculating measured water savings was impossible due to customers failing to take water meter readings independently during the COVID-19 lockdown. Face-to-face home visits should therefore not mean an end to virtual home visits and vice versa, but rather serve as a twin-track strategy for delivering the campaign. Key strategies that emerged as improving face-to-face home visits in ESW include increasing the use of customer insight; varying the frame for water efficiency communications; improving the face-to-face engagement strategy; enhancing knowledge training; and creating feedback mechanisms between water efficiency managers and plumbers on the frontline. To better maximise virtual home visits, it is recommended that the behavioural change aspect of water efficiency education is delivered as a key and complementary aspect of appointments, and customers are better supported to self-install a wider range of water saving devices. This chapter bridges the gap between water management theory and practice by providing a better understanding of how practitioners are putting concepts into action on the ground and by so doing, contributes to building a learning culture in the global water sector.
7
Pachpande, Priti, and Sham Bachhav. "A Good Strategy for Growth?" In Indian Business Case Studies Volume IV, 99–106. Oxford University PressOxford, 2022. http://dx.doi.org/10.1093/oso/9780192869401.003.0013.
Full textAbstract:
Abstract Sun Pharmaceuticals Industries acquiring Ranbaxy Laboratories to be counted as a significant global supplier and leaders of generic medicine. Their deal has been strictly securitized by national and international regulators. Ranbaxy’s four plants were prohibited from selling drugs in USA for reporting false data of loss to seek approval from FDA. Ranbaxy being significantly valued was eyed by two equity funds and one MNC apart from Sun. Ranbaxy’s portfolio of India alone was $2 billion and with a merger valued at $3.2 billion. Ranbaxy’s export revenue is already under stress following regulatory woes in the United States, the company’s biggest export market. Sun Pharma’s efforts towards resolving Ranbaxy’s regulatory issues with the FDA can help the Mumbai-based drug maker reap lucrative results in the coming years. The giant joint venture needs to face the challenge of Competition Commission of India (CCI) approval as it is bigger in assets and turnover than the CCI limit to chalk out an existence in the domestic market.
8
Kaladharan, Megha. "Wielding Power in the Capital." In Mapping Power, 72–92. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780199487820.003.0004.
Full textAbstract:
Delhi’s electricity sector represents a case of privatization in the face of electoral populism. Publicly-supported privatization-based reform, introduced by the Congress government, yielded some service quality gains to customers and political advantage to the government. However, these reforms also sowed the seeds of future discontent by introducing tension between the credibility of reforms and that of the regulator. Reforms became politically unpopular, as the public was mobilized to protest tariff hikes and question the gains from reform. Moreover, financial pressures rose as a result of two forces: growing regulatory assets allowed by the regulator as a way of staving off tariff increases and increases in power purchase costs due to imprudent contract lock-in. A new AAP in government sought consumer gains through transparency-focused reform along with targeted subsidies, but this fell afoul of Delhi’s federal politics. Reform allowed Delhi to change the equation between politics and electricity, but not in a manner that was sustainable.
9
"Economic Value and New Risk Indicators Associated with the Basel II and Solvency II Regulatory Perspective." In Handbook of Asset and Liability Management, 357. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781119209133.part6.
Full text
10
Bart PM, Joosen. "Part III Quantitative Capital Requirements, 9 Capital Treatment of Securitizations." In Capital and Liquidity Requirements for European Banks. Oxford University Press, 2022. http://dx.doi.org/10.1093/law/9780198867319.003.0009.
Full textAbstract:
This chapter addresses the prudential treatment of securitisation transactions. It focuses on the various facets of the prudential treatment from a perspective of European regulated credit institutions in the various roles and capacities banks may play or assume in securitisation transactions. Firstly, for banks acting as originator or original lender, provided strict conditions are met, a securitisation transaction may result in an off-balance sheet treatment for prudential purposes, in other words assets forming part of the securitisation transaction are no longer part of the assets held by banks for which risk weights must be calculated. Secondly, from the perspective of banks investing in securitisation positions, such positions may obtain lower risk weights if they meet certain conditions. Thirdly, banks may act as sponsor in connection with Asset Backed Commercial Paper (ABCP) transactions, therefore fulfilling a pivotal role in managing the liquidity of the ABCP conduit. Finally, securitisation positions held by banks within the treasury function may be comprised in the liquidity buffer in order to meet the liquidity management rules. The chapter looks at the development of the regulatory framework for securitisations in the Basel Committee on Banking Supervision (BCBS), as well as the adoption of the Basel capital standards and the Significant Risk Transfer (SRT) rules in Europe.
Conference papers on the topic "Regulatory Asset Base"
1
Maletič, Damjan, Viktor Lovrenčič, Nenad Gubenjak, Yury Tsimberg, Nuno Marques de Almeida, Ana Lovrenčič, and Matjaž Maletič. "Linear Asset Management: a Case Study of Overhead Transmission Lines." In Values, Competencies and Changes in Organizations. University of Maribor Press, 2021. http://dx.doi.org/10.18690/978-961-286-442-2.40.
Full textAbstract:
Linear assets are defined as assets whose length plays a critical role in their maintenance Linear asset owners strive to optimize the value and performance of each asset throughout its lifecycle while meeting all of safety, reliability, quality, performance, and regulatory compliance requirements... A case study is used to present the implementation of linear asset management practices for overhead transmission lines (OHTL). More specifically, the purpose of this paper is to propose an Asset Health Index (AHI) for OHTL using a condition-based method and discuss some other monitoring methods (e.g., robot LineVue with non-destructive in-situ inspection technology for conductors and an integral online approach to ensure tower and conductor integrity - OTLM device and strain gauges). In addition, various issues, and challenges for managing linear assets are also discussed.
2
Nwankwo, Okechukwu, Michael Edem, Jennifer Muku, Chidi Ike, and Ebipador Ogionwo. "Achieving Safety at Sea – Discussing the Safety Programs Implemented by the Nigerian Upstream Petroleum Regulatory Commission." In SPE Nigeria Annual International Conference and Exhibition. SPE, 2022. http://dx.doi.org/10.2118/211954-ms.
Full textAbstract:
Abstract Over 70% of Nigeria's oil and gas reserves are in swamp and offshore environments with over 40,000 workers registered to work there. Following the signing of the Petroleum Industry Bill into law, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as the successor agency of the Department of Petroleum Resources (DPR) is the upstream industry regulator mandated to drive several safety programs to protect people, environment, and assets through enforcement of laws and regulations. The aim of this paper is to discuss the various safety programs adopted by Commission to reduce accidents in swamp and offshore areas, in which bulk of the oil and gas operations occur. A detailed review of the programs showed that in addition to protection of people, environment and asset, safety programs drive cost savings in the industry, improves collaboration among operators, creates jobs and other economic opportunities in Nigeria. This paper will discuss in detail, the background, methodology, successes, challenges, and opportunities of some flagship safety programs of the Commission. The programs to be discussed are - Administration of Offshore Safety Permit; Implementation of Safety Case; Annual Facility Inspection and Oil Spill Contingency Plan; Risk Based Inspection; Safety and Emergency Training Center and Medical Center Accreditation and Search Rescue and Surveillance Program. This paper only gives insight into the management of safety in the Nigerian oil and gas industry and does not attempt to review the performance or effectiveness of these safety programs vis-à-vis accident statistics in the industry. The various safety programs can be adopted by regulators around the world most especially in countries with a nascent oil and gas industry.
3
van Wyngaarden, Robert, and Mel VanderWal. "Managing GIS and Spatial Data to Support Effective Decision Making Throughout the Pipeline Lifecycle." In 2006 International Pipeline Conference. ASMEDC, 2006. http://dx.doi.org/10.1115/ipc2006-10472.
Full textAbstract:
Many pipeline industry managers and senior officials intuitively understand that location is important to most aspects related to pipelines throughout the life-cycle — from project concept, through construction and operations and finally to decommissioning. However, many organizations are not taking full advantage of location as being a vital component to support business decision-making across the entire range of activities undertaken by pipeline companies. A Geographic Information System (GIS) is a tool that takes advantage of geography. GIS is ideally suited for the storage, display, and output of geographic data, and moreover, the analysis and modeling of geographic data. While GIS has been around as a technology for over 30 years it is only in the last several years that it has started to be extensively used within the pipeline industry. Most managers have heard about GIS. Many organizations have already started to implement GIS and CAD-based solutions through individual projects and with a technical focus of automating work flows or business processes such as generating alignment sheets, regulatory compliance, integrity management, and land management to name a few. Given that many of these applications tend to be stand-alone or isolated developments, pipeline companies need to look at the complete spatial environment of all potential tools and applications, and support this with a vision of a common spatial data warehouse in a holistic sense. Any company that embraces a continuous gathering of spatial data throughout the pipeline life-cyle will have a significant knowledge base whose value will increase over time. A spatial data warehouse of truly integrated environmental, engineering and socioeconomic factors related to a pipeline during the entire lifecycle will have a total value that transcends the value of the individual factors. The Return on Investment (ROI) of a properly developed GIS framework and spatial data warehouse looking at all operational demands and support applications will certainly be many times over the original expenditure as measured in cost savings as well as better decision making. This paper will present insights and approaches into how to properly and effectively leverage the spatial data asset and in deploying GIS throughout the enterprise. These include addressing all of the elements that are key in implementing GIS — hardware, software, data, people and methods — as well as considering some of the ROI and value-based measures for GIS success.
4
Mesa, Jose D., Haijing Gao, and Yiannis Constantinides. "Prediction and Benchmarking of a Nearly Horizontal Flowline Slug Flow." In ASME 2022 41st International Conference on Ocean, Offshore and Arctic Engineering. American Society of Mechanical Engineers, 2022. http://dx.doi.org/10.1115/omae2022-87489.
Full textAbstract:
Abstract In recent years the oil and gas industry has increased its attention to slugging flow-induced vibration challenges due to their effect in deep and shallow water assets operations. Risers, subsea pipelines and jumpers are checked to ensure that the predicted slugging events based on the well’s production life do not consume excessive fatigue capacity and provide a suitable design basis. For shallow water gas production wells, the fatigue generated due to slug events can be a governing case for pipeline and riser design. Due to the complexity of the internal-flow physics, numerical simulations are typically employed to predict the number of expected slug events and characteristics during the design phase. One well-known limitation in commercial flow simulation packages is the prediction uncertainty for slug flows in risers and pipelines. The abrupt changes in the pipeline content density and asset configuration can promote the generation of slugs, increasing the probability of underpredicting the number of events through the asset service life and reducing the accuracy of the slug characteristics prediction. Furthermore, there is no standardized methodology for the slug analysis required in the industry or regulatory agencies. This study documents the current limitations of the industry practices and state-of-the-art methods to predict slug flow that can affect operations and integrity of assets. The first industry flow-induced vibration experiments that couples the internal flow with its structural response are presented. The experimental data collected in this study on slugging characteristics are benchmarked against predictions from flow simulators to address the modeling uncertainties of slug characteristics. The benchmarking study further explains the multiphase model limitations and prediction bias for the slugging phenomenon in a pipeline.
5
Legare, Joseph A., and Eric Olson. "Legacy Management: Turning Liabilities Into Assets." In ASME 2010 13th International Conference on Environmental Remediation and Radioactive Waste Management. ASMEDC, 2010. http://dx.doi.org/10.1115/icem2010-40086.
Full textAbstract:
The Legacy Management (LM) Program has responsibility for management of over 85 post-closure sites across the United States. The program was formed through a consolidation of AEC/DOE sites being managed under separate programs and with diverse geography, regulatory bases, residual contaminants, and operating histories. Through development and implementation of a nation-wide program to ensure public safety, remedy performance, compliance, records management and ongoing stakeholder communication, the program has become efficient at meeting post-closure responsibilities and effective at proactively turning these liabilities into assets.
6
Rossi, Gianmarco, Luca Cadei, Michele Bitetti, Rocco Gerardi, Davide Vaccari, Martino Ghetti, Marilena Forte, Laura Collura, and Antonio Ricci. "Energy and Ghg Management of a Giant Oilfield: A New Digital Way to Face Challenge and Certify the Results." In ADIPEC. SPE, 2022. http://dx.doi.org/10.2118/210962-ms.
Full textAbstract:
Abstract Energy Consumption, Energy Efficiency and GHG emission reduction are assuming a central role in Oil&Gas industry strategy, since every Company has embraced the transition into a low-carbon future. To reach this goal, international certification (like ISO 50001), and international requirement (EU ETS), must be achieved, impacting directly on the asset value. This paper shows how increasing data availability and development of digital tools play a winning role during the verification process for a giant brown oilfield, giving quick, ease and user-friendly access to all the required information. Considering the current market volatility, individual companies may not be able to influence and predict energy prices, government policy or the global economy, but they need to improve their energy management focusing the attention on internal processes. Improved energy performance, monitoring energy carriers and energy related parameters using integrated and collaborative tool, allow a quick pay off for a company by maximizing the use of its energy sources and energy-related assets, lowering energy costs and consumption. The digital tool developed based on data, unlock the potential of the entire organization, contributing positively to reduce energy resource depletion and mitigating global repercussions of energy consumption. Data storage and management can be used to create energy saving KPI that can be used and shared with regulator and third party for the proper certification. Asset digitalization and an on-line Energy Management tool simplify reporting which becomes easier, faster, and more transparent, reducing human error. The Energy Management digital tool is the first step to troubleshoot and highlight new energy efficiency opportunities, playing a fundamental role in common asset management systems. The tool has been developed by operators, data scientists and engineers, integrating their competences as a game changer for producing assets both in daily activities and future operations, while supporting the energy technologies enhancement. Giving access to data, trends, displays and KPIs is essential to show and to demonstrate Company Effort becoming a key success factor to obtain the international energy certification. The paper shows field application of the tool considering the ISO 50001 and the EU ETS requirements. The Energy Management System, based on data and digital tool, supports energy efficiency recording process through creating KPIs and energy saving formula that can be also replicated during the verification process with authorities. Moreover, the model can be exported on different operating assets. This paper shows a real Industry case on how using the System developed helps to increase energy efficiency, reduce costs, and improve energy performance, meeting international standards requirements. The tool gives access to a single, simple, user-friendly, and collaborative platform across the organization with a consistent methodology for identifying and implementing improvements and new solutions.
7
Oliinyk, Yana, Maria Kucheriava, Alla Zinchenko, and Iryna Titarenko. "Empirical Analysis of State-owned Enterprises’ Non-Financial Reporting: The Case of Ukraine." In 7th International Scientific Conference ERAZ - Knowledge Based Sustainable Development. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2021. http://dx.doi.org/10.31410/eraz.2021.119.
Full textAbstract:
The paper puts forward the following fundamental hypothesis: assurance of transparency and quality of non-financial reporting of SOE, the decisive role in the regulation of which belongs to the state as the owner of assets, requires effective, efficient regulatory support that can ensure the achievement of sustainable development. The study provided evidence that the number of Ukrainian SOE that prepare management reports has increased since the introduction of the relevant legislation. The practical value of the study is to improve existing and introduce new tools for assessing the impact of institutional factors on financial and non-financial disclosure by SOE regarding compliance with the principles of sustainable development in a transitional economy.
8
Prabhu, Padmanabha J., and Damian A. Testa. "Steam Generator Asset Management Program." In 18th International Conference on Nuclear Engineering. ASMEDC, 2010. http://dx.doi.org/10.1115/icone18-29471.
Full textAbstract:
The Steam Generator Asset Management Program (SGAMP) is a long term program designed to maximize the performance and reliability of the steam generators. The SGAMP focuses on plant specific conditions and hence is applicable to the original or the replacement steam generators. It is recommended that the utility and the vendor form a joint steam generator management team (SGMT) to develop, monitor and implement a long-term plan to address steam generator operation, maintenance and life extension goals. The SGMT will consist of representatives from operations, chemistry, maintenance and engineering functions and will be responsible for making decisions related to the steam generators. The charter of the SGMT is to develop a steam generator strategic plan that will cost-effectively manage steam generator options. The strategic plan is consistent with the Steam Generator Program Guidelines (NEI 97-06 in the United States). The strategic plan is a living document and is revised periodically to incorporate inspection results, new technology developments, lessons learned and industry experience. Cost-benefit analyses of strategies may be performed to prolong steam generator operability through steam generator performance modeling (tube degradation, fouling, etc.), diagnostic tools, regulatory strategy, condition monitoring and operational assessment strategy, and maintenance strategy. The SGMT will provide input regarding potential maintenance of the steam generators with schedule and cost impacts for each outage. It will also recommend engineering evaluations to be performed in support of program goals and will develop short- and long-term recommendations. These recommendations will address action plans, performance measures and results. Secondary side inspection and cleaning strategy should be developed (techniques and frequency) to maximize performance cost-effectively. This paper is based on Westinghouse experience gained by working with several pressurized water reactor (PWR) plant operators in the United States (US).
9
Khera, Ashish, Rajesh Uprety, and Bidyut B. Baniah. "Self Directed Integrity Assessment of Non-Piggable Pipelines." In ASME 2015 India International Oil and Gas Pipeline Conference. American Society of Mechanical Engineers, 2015. http://dx.doi.org/10.1115/iogpc2015-7949.
Full textAbstract:
The responsibility for managing an asset safely, efficiently and to optimize productivity lies solely with the pipeline operators. To achieve these objectives, operators are implementing comprehensive pipeline integrity management programs. These programs may be driven by a country’s pipeline regulator or in many cases may be “self-directed” by the pipeline operator especially in countries where pipeline regulators do not exist. A critical aspect of an operator’s Integrity Management Plan (IMP) is to evaluate the history, limitations and the key threats for each pipeline and accordingly select the most appropriate integrity tool. The guidelines for assessing piggable lines has been well documented but until recently there was not much awareness for assessment of non-piggable pipelines. A lot of these non-piggable pipelines transverse through high consequence areas and usually minimal historic records are available for these lines. To add to the risk factor, usually these lines also lack any baseline assessment. The US regulators, that is Office of Pipeline Safety had recognized the need for establishment of codes and standards for integrity assessment of all pipelines more than a decade ago. This led to comprehensive mandatory rules, standards and codes for the US pipeline operators to follow regardless of the line being piggable or non-piggable. In India the story has been a bit different. In the past few years, our governing body for development of self-regulatory standards for the Indian oil and gas industry that is Oil Industry Safety Directorate (OISD) recognized a need for development of a standard specifically for integrity assessment of non-piggable pipelines. The standard was formalized and accepted by the Indian Ministry of Petroleum in September 2013 as OISD 233. OISD 233 standard is based on assessing the time dependent threats of External Corrosion (EC) and Internal Corrosion (IC) through applying the non-intrusive techniques of “Direct Assessment”. The four-step, iterative DA (ECDA, ICDA and SCCDA) process requires the integration of data from available line histories, multiple indirect field surveys, direct examination and the subsequent post assessment of the documented results. This paper presents the case study where the Indian pipeline operators took a self-initiative and implemented DA programs for prioritizing the integrity assessment of their most critical non-piggable pipelines even before the OISD 233 standard was established. The paper also looks into the relevance of the standard to the events and other case studies following the release of OISD 233.
10
Finogenova, Yulia Yurievna, Mikhail Aleksandrovich Kokarev, and Roman Arkadyevich Neiman. "Development of ESG investments in the Russian market." In Sustainable and Innovative Development in the Global Digital Age. Dela Press Publishing House, 2022. http://dx.doi.org/10.56199/dpcsebm.fnwi4854.
Full textAbstract:
In Russia, ESG investing is just beginning to develop, the state supports and promotes this concept, encourages companies with a high ESG rating and introduces benefits for them - subsidizing coupon income on bonds to cover part of the issuers' expenses. Regulators also create common standards by which to assess whether a company really follows ESG principles. Current research is devoted to the developing the indicators (indexes), which enable to evaluate possible ESG- nvestment strategies. The goal of the research is to suggest the benchmark of the balanced investment portfolio, which is less volatile, than the traditional stock indexes. So, the formation of an investment portfolio consisting of sustainable assets and building on its basis an ESG- nvestment index will enable to develop the principles of individual sustainable investments. The index structure is bases on a number of sub indexes, which consist of three asset classes: stocks of sustainable companies, bonds of sustainable companies and ESG ETFs of Russian companies. Methodologies employed included the investment performance investigation on the basis of created ESG investment index, that, on the one hand, would have moderate volatility, and on the other hand, would include expanded investment opportunities through the integration of ESG assets. The results and the novelty of the research is to investigate risk/return tradeoff in respect of ESG-investment portfolio structure and to provide the investors additional benchmarks to develop their investment strategies.
Reports on the topic "Regulatory Asset Base"
1
Morais, Bernardo, Gaizka Ormazabal, José-Luis Peydró, Mónica Roa, and Miguel Sarmiento. Forward Looking Loan Provisions: Credit Supply and Risk-Taking. Banco de la República, April 2021. http://dx.doi.org/10.32468/be.1159.
Full textAbstract:
We show corporate-level real, financial, and (bank) risk-taking effects associated with calculating loan provisions based on expected—rather than incurred—credit losses. For identification, we exploit unique features of a Colombian reform and supervisory, matched loan-level data. The regulatory change induces a dramatic increase in provisions. Banks tighten all new lending conditions, adversely affecting borrowing-firms, with stronger effects for risky-firms. Moreover, to minimize provisioning, more affected (less-capitalized) banks cut credit supply to risky-firms— SMEs with shorter credit history, less tangible assets or more defaulted loans—but engage in “search-for-yield” within regulatory constraints and increase portfolio concentration, thereby decreasing risk diversification.
2
Rusk, Todd, Ryan Siegel, Linda Larsen, Tim Lindsey, and Brian Deal. Technical and Financial Feasibility Study for Installation of Solar Panels at IDOT-owned Facilities. Illinois Center for Transportation, August 2021. http://dx.doi.org/10.36501/0197-9191/21-024.
Full textAbstract:
The Smart Energy Design Assistance Center assessed the administrative, technical, and economic aspects of feasibility related to the procurement and installation of photovoltaic solar systems on IDOT-owned buildings and lands. To address administrative feasibility, we explored three main ways in which IDOT could procure solar projects: power purchase agreement (PPA), direct purchase, and land lease development. Of the three methods, PPA and direct purchase are most applicable for IDOT. While solar development is not free of obstacles for IDOT, it is administratively feasible, and regulatory hurdles can be adequately met given suitable planning and implementation. To evaluate IDOT assets for solar feasibility, more than 1,000 IDOT sites were screened and narrowed using spatial analytic tools. A stakeholder feedback process was used to select five case study sites that allowed for a range of solar development types, from large utility-scale projects to small rooftop systems. To evaluate financial feasibility, discussions with developers and datapoints from the literature were used to create financial models. A large solar project request by IDOT can be expected to generate considerable attention from developers and potentially attractive PPA pricing that would generate immediate cash flow savings for IDOT. Procurement partnerships with other state agencies will create opportunities for even larger projects with better pricing. However, in the near term, it may be difficult for IDOT to identify small rooftop or other small on-site solar projects that are financially feasible. This project identified two especially promising solar sites so that IDOT can evaluate other solar site development opportunities in the future. This project also developed a web-based decision-support tool so IDOT can identify potential sites and develop preliminary indications of feasibility. We recommend that IDOT begin the process of developing at least one of their large sites to support solar electric power generation.
3
Payment Systems Report - June of 2020. Banco de la República de Colombia, February 2021. http://dx.doi.org/10.32468/rept-sist-pag.eng.2020.
Full textAbstract:
With its annual Payment Systems Report, Banco de la República offers a complete overview of the infrastructure of Colombia’s financial market. Each edition of the report has four objectives: 1) to publicize a consolidated account of how the figures for payment infrastructures have evolved with respect to both financial assets and goods and services; 2) to summarize the issues that are being debated internationally and are of interest to the industry that provides payment clearing and settlement services; 3) to offer the public an explanation of the ideas and concepts behind retail-value payment processes and the trends in retail payments within the circuit of individuals and companies; and 4) to familiarize the public, the industry, and all other financial authorities with the methodological progress that has been achieved through applied research to analyze the stability of payment systems. This edition introduces changes that have been made in the structure of the report, which are intended to make it easier and more enjoyable to read. The initial sections in this edition, which is the eleventh, contain an analysis of the statistics on the evolution and performance of financial market infrastructures. These are understood as multilateral systems wherein the participating entities clear, settle and register payments, securities, derivatives and other financial assets. The large-value payment system (CUD) saw less momentum in 2019 than it did the year before, mainly because of a decline in the amount of secondary market operations for government bonds, both in cash and sell/buy-backs, which was offset by an increase in operations with collective investment funds (CIFs) and Banco de la República’s operations to increase the money supply (repos). Consequently, the Central Securities Depository (DCV) registered less activity, due to fewer negotiations on the secondary market for public debt. This trend was also observed in the private debt market, as evidenced by the decline in the average amounts cleared and settled through the Central Securities Depository of Colombia (Deceval) and in the value of operations with financial derivatives cleared and settled through the Central Counterparty of Colombia (CRCC). Section three offers a comprehensive look at the market for retail-value payments; that is, transactions made by individuals and companies. During 2019, electronic transfers increased, and payments made with debit and credit cards continued to trend upward. In contrast, payments by check continued to decline, although the average daily value was almost four times the value of debit and credit card purchases. The same section contains the results of the fourth survey on how the use of retail-value payment instruments (for usual payments) is perceived. Conducted at the end of 2019, the main purpose of the survey was to identify the availability of these payment instruments, the public’s preferences for them, and their acceptance by merchants. It is worth noting that cash continues to be the instrument most used by the population for usual monthly payments (88.1% with respect to the number of payments and 87.4% in value). However, its use in terms of value has declined, having registered 89.6% in the 2017 survey. In turn, the level of acceptance by merchants of payment instruments other than cash is 14.1% for debit cards, 13.4% for credit cards, 8.2% for electronic transfers of funds and 1.8% for checks. The main reason for the use of cash is the absence of point-of-sale terminals at commercial establishments. Considering that the retail-payment market worldwide is influenced by constant innovation in payment services, by the modernization of clearing and settlement systems, and by the efforts of regulators to redefine the payment industry for the future, these trends are addressed in the fourth section of the report. There is an account of how innovations in technology-based financial payment services have developed, and it shows that while this topic is not new, it has evolved, particularly in terms of origin and vocation. One of the boxes that accompanies the fourth section deals with certain payment aspects of open banking and international experience in that regard, which has given the customers of a financial entity sovereignty over their data, allowing them, under transparent and secure conditions, to authorize a third party, other than their financial entity, to request information on their accounts with financial entities, thus enabling the third party to offer various financial services or initiate payments. Innovation also has sparked interest among international organizations, central banks, and research groups concerning the creation of digital currencies. Accordingly, the last box deals with the recent international debate on issuance of central bank digital currencies. In terms of the methodological progress that has been made, it is important to underscore the work that has been done on the role of central counterparties (CCPs) in mitigating liquidity and counterparty risk. The fifth section of the report offers an explanation of a document in which the work of CCPs in financial markets is analyzed and corroborated through an exercise that was built around the Central Counterparty of Colombia (CRCC) in the Colombian market for non-delivery peso-dollar forward exchange transactions, using the methodology of network topology. The results provide empirical support for the different theoretical models developed to study the effect of CCPs on financial markets. Finally, the results of research using artificial intelligence with information from the large-value payment system are presented. Based on the payments made among financial institutions in the large-value payment system, a methodology is used to compare different payment networks, as well as to determine which ones can be considered abnormal. The methodology shows signs that indicate when a network moves away from its historical trend, so it can be studied and monitored. A methodology similar to the one applied to classify images is used to make this comparison, the idea being to extract the main characteristics of the networks and use them as a parameter for comparison. Juan José Echavarría Governor