FRB EU EU.GM JFE AIG HD

担保報告書.PDF

(1) (2) (1) (2) 1 (1) (2) (1) (2) (1) (2) TOB (1) (2) 2 (1) (2) (1) (2) (1) (2) (3) (1) (2) (3) (1) (2) TOB (1) (2) (1) (2) 3 4 80 90 5 10 1 1 3 Q2 57.6% 47.5% 44.8% Q3 94.1%Q5 6 CP Commercial Paper 11

untitled

CDO 1. 100 1 1 1 1 2 11 2111 2005 0.5 2006 1 20.5%0.5 20.75% 1.0% 2007 3 1 11 1 4 1 1 1 1 3 1 4 6 1 8 5 1 1 1 1 1 1 6 3 4.273.800.47%47 5 5.25%4.101.15115 10 5.514.580.9393 7 2. 26510 1.5 100 20141220

ㅊㅪㅳã…

G FF FBR p J K p FRB GM GNP GM GM UAW GM NY GM GM GM GM GM GM GM GM GM MBA p A B GM Q GM / / GM G TOPIX VUL V U OMB ISDA CDS the notional amount outstanding ISDA] CDS CDS CDS Over The Counter OTC FRB FRB

金融システムレポート（2008年3月号）

inancial ystem eport 1 Box 1 5 1 1 1 1 3 17 5 7 Box 9 Box 3 3 Box 3 Box 5 36 Box 6 38 Box 7 1 1 1 3 3 5 Box 8 58 Box 9 6 6 1 6 66 Box 1 7 7 1 3 Box 1 7 7 8 1 1 3 Box Box 1 B1-1 B1-1 origination distribution

H1,H4.QXP

38 39 C o r p o r a t e B a n k i n g U n i t 40 41 42 43 44 45 46 47 48 49 T r e a s u r y U n i t 50 51 52 I n v e s t m e n t B a n k i n g U n i t 53 54 55 56 57 Securities & Asset Management Unit

商学　６６‐６☆／７．松浦

1139 2008 9 2008 9 FRB : Federal Reserve Board FRB FRB 1140 1 2008 9 1 1999 2013 Bureau of Economic Analysis, Survey of Current Bunisess, International Data http : //www.bea.gov. 2014 8 10 1141 2000 1

農林金融2007年08月号

2005 1947 4.54 61 1.96 75 891.57 66 1.58 20051.26 061.32 2.07 1974 14 156465 1950 70 ageing society 94aged society 140612 20.9 72 47115 4024 052,777 2025 20362046 20558,993 1812 06 12 205550 2055 2105

TK747取扱説明書

D D D D D D D E D D D D D D D D ; ; ; ; ; ; ; ; ; ; ; ; ; D D D D D D D D C C C C C ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; ;;;;; C C C C C C C C C C C C C C C C C D D D

Œ{Ł¶†^›Í‰{’MŸY

Troubled Assets MBS LIBOR The Economist 2008.10.8 the self-destructive power Appendix Appendix cf GDP IT IT GDP ISDA CDS CDS ISDA CEO GDP GDP Greenspan Concedes Error on Regulation FRB FRB self-correcting

イントロ

2013 DISCLOSURE CONTENTS A W A B A N K 2 0 1 3 AWA BANK REPORT 2013 AWA BANK REPORT 2013 200 192 195 194 188 150 140 147 100 120 50 80 73 61 89 0 40 0 100 90 80 60 40 47 41 36 20 0 8,000 6,000 4,000

PX-047A Series

B K L & L & A B C D E F A B A B C A B C A B A B A B C D E F G P BB H I y y & & K L L & & K L L L L & & & & L d L & & & & L L & & & L & & & & L & & & & & & & & L L L L L L & & & A B C D E F G

商学　６５‐５☆／１４．植田

708 709 2000 2000 1 3 hedge speculative ponzi G Π DS G Πt DSt t 1,2,...,n 1 G Πt DSt 1 t j 2 G Πt DSt j 1 t n 3 710 G Πt DSt 1 t n 1 4 G Πt DSt t n 5 2 Minsky Foley 2003 Charles 2008 a Lima and Meirelles

大垣尚司　　１８９‐２１４／１８９‐２１４

GSE GSE (government sponsored entities) GSE RMBS GSE GSE GSE CRT GSE GNMA (Government National Mortgage Association) Fannie Mae Freddie MacGSE [government sponsored entities] (Federal Home Finance Agency,

BIS CDO CDO CDO CDO Cifuentes and O Connor[1] Finger[6] Li[8] Duffie and Garleânu[4] CDO Merton[9] CDO 1 CDO CDO CDS CDO three jump model Longstaff an

CDO 2010 5 18 CDO(Collateralized Debt Obligation) Duffie and Garleânu[4] CDO CDS(Credit Default Swap) Duffie and Garleânu[4] 4 CDO CDS CDO CDS CDO 2007 CDO CDO CDS 1 1.1 2007 2008 9 15 ( ) CDO CDO 80 E-mail:taiji.ohka@gmail.com

A ,000 7,539 7,593

A+ 64 1 300 16 6,000 7,539 7,593 13 3,329 178 1,168 12% 11% 35 3 26 3 761.2 6 8,947 6,044 432 7,774 CONTENTS 01 02 04 07 11 20 38 6,677 6,706 6,044 5,519 5,489 2011 2012 2013 2014 2015 866 796 522

最近の地価形成の特徴について

10 2000 10 *** * E-mail: shuuichi.uemura@boj.or.jp ** E-mail: yoshiko.satou@boj.or.jp 2 3 1 11 3 60 70 3 80 90 89 5 91 12 3 91 4 1 1 3 12 2000 9 1 1 19902000 4 GDP 2 1985 100 GDP 150 110 GDP 1955 GDP GDP

Kobe University Repository : Kernel Title 世 界 金 融 危 機 の 東 アジア 新 興 国 経 済 への 影 響 Author(s) 金 京, 拓 司 Citation 国 民 経 済 雑 誌, 202(5): 61-70 Issue date 2010-11 Resource Type Departmental Bulletin Paper / 紀 要

リサーチペーパー

1 2 1 2 1 3 4 3 4 2 5 5 3 6 6 4 Real Estate Investment Trust Commercial Mortgage Backed Securities 7 8 I 9 10 (Property Trust) 7 8 9 10 5 Managed Investments Act Managed Investment Scheme Trustee Manager

untitled

108-8020 1173 * * 1SSA) 1 [2009420103] 200 180 160 140 120 100 80 60 40 2001/1/4 2003/1/4 2005/1/4 2007/1/4 2009/1/4 () 200 180 160 140 120 100 80 2001/1/4 2003/1/4 2005/1/4 2007/1/4 2009/1/4 150 140 130

韓国の金融改革について -改革の概要と日本との比較-

International Department Working Paper Series 2-J-3 hiroshi.akama@boj.or.jp, kunihisa.noro@boj.or.jp, hiroko.tada@boj.or.jp International Department Bank of Japan 1997 IMF 8 199 4 GDP 3 1997 26 12 2 1

Global SFxxx.indd

Global Structured Finance 'AAA' And Investment-Grade Annual Default Rate (%) 9 8 7 6 5 4 3 2 1 0 2010 Investment-grade default rate Investment-grade default and near-default rate 'AAA' default rate 'AAA'

p. 137 p. 136 PIIGS STUPID EC PIIGS EC

p. 137 p. 136 PIIGS STUPID EC PIIGS EC GDP.. EU GDP European Monetary Union since 1848 E U EU EU GDP pp. 63 64 EU Newsweek EU BNP ECB CDS CDS CDS CDS Newsweek CDS ISDA CDS CDS p. 68 p. 107 pp. 107 108

12„”‡Pfiú“ƒ-PDFŠp

5 Q Q Q Q ggg g f bbb -b b g b g g g a b f g r t y - 7 g bb f 6 E D f f f 2 2 2 2 2 f g f 2 f 2 f 2 g a g a b f a f g a a a - a f b a f b b b b bb bb E E E R Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q

.n.s.N.._...{.\1

untitled

2007 9 http://www.bunka.go.jp/jiyuriyo/ _Toc171054619 1...1 2...4 1...4 1...4 2 SPV...6 2...7 3...8 4...10 5...14 3 J-REIT...20 1 J-REIT...20 2...20 3 J-REIT...21 4 J-REIT...23 5 J-REIT...25 6 J-REIT...27

証券化市場の動向調査

7 年 月 日 日本証券業協会 全国銀行協会 証券化市場の動向調査 ~ 年度の発行動向 ~ 以下は 日本証券業協会及び全国銀行協会が毎月実施している 証券化市場の動向調査 ( 日本証券業協会ホームページ 参照 ) について 年度 ( 年 月 ~7 年 月 ) の結果を取り纏めたものです 図表データについては 別紙をご参照ください また 参考として 証券化市場の動向調査

1

1 2 3 4 . 5 6 7 8 9 10 11 12 .. 13 .. 14 15 16 17 18 19 20 .. 223 ( ) 218 1 21 1 225 72 63 154 141 54 24 40 274 186 226 197 507 22 23 24 25 26 27 28 29 .... 30 SPC 31 32 33 34 35 36 . 37 38 39 .......

......0901-P1.`5

untitled

2010824 1 2 1031 5251020 101 3 0.04 % 2010.8.18 0.05 % 1 0.06 % 5 0.12 % 3 0.14 % 2010.8.16 5 0.42 % 2010.7.15 25 5 0.42 % 0.426% 2010.6.29 5 0.496 % 2010.8.12 4 0.85 % 2010.8.6 10 0.900 % 2010.8.18 2.340

....668-06....3.Z...QXD (Page 1)

untitled

IT IT 2014 B to B B to C 10 IT IT IT (CDS) Electronic Commerce, e-commerce B to B (Business to Business) B to C (Business to Consumer) C to C (Consumer to Consumer) O2O (Online to Offline) IT IT IT IT

橡バミューダ保険市場（岡崎）.PDF

1960 12 100 12 1 100 1,715 3,500 40 300 1,695 35% 26,500 exempt 80015,000 p.34. Claim Policy Limit 80 30 20 1 2 3 4 5 120 80 25 20 15 5-1994 1995 1996 1997 1998 Net income Losses & underwriting

CDOのプライシング・モデルとそれを用いたCDOの特性等の考察： CDOの商品性、国内市場の概説とともに

CDO CDO CDO CDO CDO CDO E-mail: kiyotaka_komiya@btm.co.jp CDOcollateralized debt obligation CDO CDO CDO CDO CDOCDO CDO CDO CDO CDOCDO CDO CDO CDO CDO CDO CDOABSasset backed securities CBOcollateralized

ディスクロージャー優良企業選定

11 HSBC HSBC 7 5 10 3 1 11 11 14 20 26 33 40 48 54 60 67 74 74 2 11 2 3 2 ) 2 ) 3 ) 2 ) 2 ) 5 ) 2 ) 7 ) 3 11 4 5 1 1 11 11 14 10 13 19 10 9 11 17 10 125 2 10 11 7 5 [ 2] 10 3 2 341 10 65 70 64 65 71 78

韓国の金融・企業改革について

[ 23 5 ] 23 5 * ** *** 1997 1998 2 1999 1 5 1 199 1997 199 * ** *** 1 22 1 23 3 22 12 1 GDP 3 22 GDP 2 ABS

米国における金融・資本市場改革の展開

1980 DIDMCA 1982 1994 20 & 1989 FIRREA 1991 FDICIA 1999 11 12 Gramm-Leach- Bliley Act P.L.106-102, 113 STAT.1338 1933 Glass-Steagall Act P.L. 73-66, 48 STAT. 162 66 1980 1981 1980 1990 & Savings and Loan

2008 1 11 3 4 5 5 7 9 10 11 13 13 2 14 17 18 18 20 20 21 23 23 26 27 29 30 31 32 33 36 37-1 - 37 38 38 39 41 42 44 44 44 44 45 46 48 J 49 52.53 54.55-2 - 2008 2007 10 5 170 1 2-3 - 1 2 2007 10 2001 1 3

untitled

BNP 2007 1 BNL 82 20.5 46 18.7 36 22.7 25 700 24.5 * 7.1 5.8 8.9 * 2007 5 4 BNP 2007 1 2007 1 82 1300 20.5 BNL 7.1 18.7 5.8 45 8600 1.8 1.3 22.7 36 2700 8.9 1 4400 2 6000 1 900 BNL 24.5 25 700 FRB 1 4.1

e 7 d d - - a 7 a - 6 Inormation b a

9/ 2008. No32 5 E 6 e 7 d d - - a 7 a - 6 Inormation b a e c c c a - dd d e b 6 e 6 6 Inormation e 7 7 a a b A e c c d 6 e a a a a a-aa a- a dddd d e b d d d 7 c c c d a d e e e e b 6 d c c c c c b 6

1. 2

1. 2. 3. 2008 10 SBI SBI 44 1 1. 2 1. CB 3 1. 10 / 4 1. 1945 1956 1966 65 47 S&P AAA/Aaa 5 1. 6 2. GDP 7 8 2-1. 1 ~ US US Bloomberg BNP 2-1. 1 ~ 20041210 100 Bloomberg BNP 9 2-2. 2 ~GDP GDP 200712 GDP

J.

untitled

2015 1 2 3 4 5 6 7 8 9 10 Non-life Insurance Business Life Insurance Business Oversea Business 11 12 13 14 15 16 17 18 19 20 21 22 23 24 23673.6% 61.3% 25 30.2% 599 2,64080.2% 1,853104.0% 26 751.7% 9780

p029_045 コミュニケーション科学30_1(林先生).indd

日 本 国 家 の 決 断 2008 9 15 BRICS 2009 2 27 8 25 7000 8000 29 10 AIG 10 FRB 7000 10 1990 FRB 30 30 60 31 15 5 100 1929 1929 1920 32 30 1929 1927 1 155 1929 8 9 380 10 29 230 2008 9 BRICS 1929 1930 1935 100

30 GHQ 1000 GDP 200 2015 10 IMF 192

日 本 国 家 の 決 断 2000 GHQ GHQ GHQ 1970 1980 191 30 GHQ 1000 GDP 200 2015 10 IMF 192 32 130 1 10 20 2009 3 2009 3 BRICS 2009 11 1 84 2010 3 85 1 90 15 GDP 100 2009 3 1.5 193 3 1 100 194 32 5 10 30 100 1/10

年次報告書2008年3月期

Reliability in a Challenging Environment Creating Value for Clients Creating Value for Business Partners Creating Value for Society ORIX is generating medium- and long-term growth by enabling value creation

1

広報さっぽろ　2016年8月号　厚別区

8/119/10 P 2016 8 11 12 P4 P6 P6 P7 13 P4 14 15 P8 16 P6 17 18 19 20 P4 21 P4 22 P7 23 P6 P7 24 25 26 P4 P4 P6 27 P4 P7 28 P6 29 30 P4 P5 31 P5 P6 2016 9 1 2 3 P4 4 P4 5 P5 6 7 8 P4 9 10 P4 1 b 2 b 3 b

1997 IMF IMF [2001]; [2001]; [2000]; [2003] 5 [2003: 6]; [2000] [2004]

9 1990 1 1997 2 1990 3 1 2 3 [1999]; [2001] ; [1991] ; [1998] [2002] [2003: 3-4] [2003: 46] [2000] 1997 IMF IMF 4 5 150 6 33.3 100 7 4 [2001]; [2001]; [2000]; [2003] 5 [2003: 6]; [2000] [2004] 6 10 1998

D2A操作解説

EPSON

B K L & & & & & & & & L & & & & & & & K & & & & & L L L & & & K L L L & & L L L & & & & & & & & & & & & & & & & & & & & & & & & & & & L & K L K & & & & & & & L L & & L & & L L & & & & &

2004cyukan_ir.pdf

2.8% 2.0% 2.4% 2.4% 0.4% 0.1% 0.3% 0.5% 3.8% 5.6% 25.6% 29.3% 64.6% 60.0% 1

2.8% 2.0% 2.4% 2.4% 0.4% 0.1% 0.3% 0.5% 3.8% 5.6% 25.6% 29.3% 64.6% 60.0% 1 16 24 21 20 20 23 10 11 9 10 3 3 3 2 3 1 3 4 6 8 2 0 1 2 3 4 5 6 0 1 2 3 4 5 6 0 1 2 3 4 5 6 3 4 Q & A Q1 A1 Q2 A2 Q3 A3 7

Q&A最低資本金特例030131.PDF

& 1 2 2 3 2 2 3 2 2 3 10 11 10 90 12 13 14 15 16 17 18 19 20 2 2 3 21 2 2 3 22 23 24 25 20 10 26 27 28 10 8 1 29 30 10 8 2 31 32 2 2 3 33 10 8 3 10 11 2 34 10 8 3 10 12 2 35 36 20 10 37 38 39 40 41 42

sbhc01b.ai

bumon_pro.indd

q w e r t y u i o!0 !1!2!3 !4!5!6 !7!8!9 @0 @1 @2 @3 @4 @5 @6 @7 @8 @9 #0 #1 #2 #3 #4 #5 #6 #7 #8 #0 $0 $1 $2 $3 $4 $5 $6 $7 $8 $9 %0 %1 %2 %3 %4 %5 %6 %7 %8 %9 ^0 ^1 ^2 ^3 ^4 ^5 ^6 ^7 ^8 ^9 &0 &1 &2

01-.indd

表紙2.eps

0862770.indd

/ / / /

.z....74.{..5.15

2012_10_A_cover.indd

c %& r Z \ W n % & & % % & % & & % % % & % & % & & % & % %& % & % & % % % & & & W W W W A

‡o‡P†C‡P‡Q”R„û†^‡P†C‡P‡Q

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Q & A ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

2012_05_GLK_cover.indd

c %& r Z \ W W n q & F % % & & % & & % % % & % & % & % & % & % & F F % % % & & & & % & A

Q & A

™…

2/10 15 2010. No1362 1 1 216315 91430 Q A & 0.23% 1 1.4% 04-7120-2020 050-5540-2023 Q A & 1 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 1 2 3 4 5 6 7 8 9 10

■中央銀行、短期的にはインフレを抑止、長期的にはデフレを抑止

No11 4/5 Steven Chen 03-5632-9007 m_chin@quick.co.jp 04 GDP 9 30 500 12 11 2 28 03 03 13 GEM GEM FTSE FTSE A 10 1 A 6 4 1 2 HSBC QFII ST QFII UBS 3 CEPA QFII 26 M&A 2 4/5 04 GDP 9 04 GDP 9 04 8 04 GDP

米国住宅ローンの枠組みv2.PDF

mortgage residential mortgage commercial FHA 1934 FHA $67,500 VA Fannie Mae, Federal National Mortgage Association 1938 (27.5 ) 01/12/19 1 Fannie Mae is a private, shareholder-owned company that works

Channel to Discovery Plan &

2007 Channel to Discovery Plan & 3 2007 3 2008 1 1 2 6 8 2006 10 14 1 2 16 19 20 22 24 26 28 30 32 34 36 42 43 44 45 70 71 72 2000 10 1 2007 2 2007 2000 10 3 2010 M 2007 M 2010 1,000 2006 2006 M&A 102006

......1201-P1.`5

2009. No356 2/ 5 6 a b b 7 d d 6 ca b dd a c b b d d c c a c b - a b G A bb - c a - d b c b c c d b F F G & 7 B C C E D B C F C B E B a ca b b c c d d c c d b c c d b c c d b d d d d - d d d b b c c b

企業活動分析　株式会社ブリヂストン（2014年）

みなさん、改めましてこんにちわ

DES DES DES DES DES DES DES DES

DES DES DES DES DES DES DES DES DES DES DES Debt Equity Swap DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES DES

M&A / & 18 &

2005 1 23 2 24 6 26 8 9 10 M&A / 14 16 & 18 & 20 22 32 33 34 51 52 53 2000 10 3 2005 1 2010 1,000 2000 10 2001 8 M 2005 34 2010 1,000 45,000 37,005 40,091 30,000 22,654 15,000 14,346 0 1,351 2000 2001

平成１２年度　対日直接投資増加の理由と日本経済にもたらす影響に関する調査　第３章－２　各論・金融業

-- (1) 1998 5080 98 200 3- - M&A 982000 88 3-- 2000 2 OUT-IN M&A 1998-2000 98 99 2000 88 23 27 38 27 6 12 9 0 0 0 0 10 2 3 5 4 1 0 3 ( ) 47 14 12 21 MARR 44 (2) 98 88 46 3- -3 46 22 Private Equity Fund

マレーシアの債券市場と拡大するイスラム債発行 2001 Capital Market Masterplan 2002 図表 3 マレーシア企業の資金調達方法 金融機関融資 19, , , ,790 10,011

アジアの視点 マレーシアの債券市場と拡大するイスラム債発行 調査部環太平洋戦略研究センター 主任研究員 清水聡 1. はじめに : マレーシアの債券市場と資金調達の概要 10 97 5,706 2007 3.6 2.2 6.8 2003 ABMI Asian Bond Markets Initiative 図表 1 10 1,600 1,400 1,200 1,000 800 600 400 200

Ł\”ƒ

A

2

% OFHEO Office of Federal Housing Enterprise Oversight ODPM Office of the Deputy Prime Minister's INSEE (2004 ) PCEOECDE

GDP 7 OFHEO 2005 3 272.89 1980 100 12.0 5 55.3 3 2 1 1979 2004 2 6 2000 68 14.0% 12.0% 10.0% 90 2.75 2005 3.4 8.0% 1 6.0% 4.0% 30.3 2.0% DC 20 0.0% OFHEOHouse Price Index 1995 1996 1997 1998 1999 2000

2

相次いで打ち出される中国の消費振興策

289 216 1 (%) GDP 9 212 213 214 215 216 8 7 6 5 4 3 2 1 IMF IMF Emerging and Developing Asia IMF IMF World Economic Outlook Update, July 216 1 21 EU 23.7% 29.7% GDP 2 21 221 19.3% 6.5% 2.8% 31.% EU 19.%

CP BBB A 3 1

CP BBB A 3 1 ...1...2...3...4... 4... 7... 7... 10... 13...15... 15... 15... 19... 23... 31... 31... 32... 34... 34... 34...37... 37... 37... 38...40...41...42 2 1 2 1 2 1990 2001 2002 3 3 (%) 1970 1980

2 4 8 UFJ24 1 14 24 UFJ 3 CS 32 IT 34 37 ALM 57 58 243 59 66 69 9 92 94 117 UFJ 117 UFJ 153 UFJ 29 259 264 215229

UFJ 24 2 4 8 UFJ24 1 14 24 UFJ 3 CS 32 IT 34 37 ALM 57 58 243 59 66 69 9 92 94 117 UFJ 117 UFJ 153 UFJ 29 259 264 215229 24UFJ 247 UFJ UFJ UFJ UFJ UFJ 22 3 23 3 24 3 UFJ UFJ 13,629 13,715 11,982 1,641

第40巻第６号【論説】山一証券の経営破綻とコーポレート・ガバナンス

40 6 2002 3 89 40 1997 11 24 20 90 40 6 40 (1) 40 30 1962 5 1964 6 30 30 1959 5.8 1961 17.6 1961 1 1960 1955 4 19 91 7 1961 1962 30 1961 1961 7 92 40 6 1965 1) (2) 1965 1962 30 1961 10 1960 62 129 86 1961

Managing_Risk_in_Changing_Volatility_Environments_J.indd

7 6 5 4 3 2 1 199 1994 1998 22 26 21 214 2 225 2 175 15 125 1 75 5 25 199 1994 1998 22 26 21 214 3 1 1 ABS/ MBS 56-14 46 11-46 17-5 37 118 156 161-13 -8 23 73-46 8-2 -24 59 35 4-83 16-4 -29 39-17 -1-77

90 16.4 20.2 33.0 33.5 34.1 33.7 34.33 26.0 32.6 20.9 (28) (44) (55) (-39) (34) 847(48.3) 345(19.7) (37) (30) (42) (19) 96(5.5) 5) (25) 330(18.8) 137(7.8) 91 100% 90% 12.8% 12.5% 12% 69% 6.9% 9.1% 12.6%

I

10 CRD CRD 165 2/3 100 CRD CLO XBRL XBRL 2002 11 2004 XBRL XBRL XBRL XBRL IT CRD XBRL Loan Auction Board LAB ...1...1...2...3...4...5 CDS...9...11...14...16 CRD...16 CRD...18 CRD...20...22 XBRL...23 XBRL...23...24

野村資本市場研究所｜米国のOTCデリバティブ規制改革－改革の全体像と課題－（PDF）

2012 Winter OTC 1. OTC CDS 2. 2010 7 OTC 3. OTC 4. 5. 6. 7. OTC OTC OTC 2010 7 OTC 132 1 CFTC SEC IT OTC 2010 601 1 2 2000 OTC CDS OTC AIG CFTC SEC OTC OTC 1 2 OTC 800 700 600 500 400 OTC 800 700 600 500

平成23年度産業金融システムの構築及び整備調査委託事業,我が国の個人金融資産の資産運用高度化のための調査報告書

23 2012 2 1 5 6 6 9 IRA 401(k) 13 MMF Separately Managed Account; SMA ETF REIT 2 29 IRA 401(k) IRA 401(k) 45 3 55 55 57 65 67 73 4 0 5 57 80 80 6 89 10 58.6 90 90 04 8 98 14 2011 10 25 57 12 6 51 98 05

野村資本市場研究所｜国際基準との調和も踏まえた米国SIFI規制（PDF）

SIFI 1. FRB 2011 12 20 500 FRB SIFI 500 FRB 2. SIFI FRB G-SIB 2016 LCR NSFR 3. SIFI 25 SIFI 10 2 SIFI 4. SIFI 83 2012 Winter FRB FRB 2011 12 20 1 SIFIFRB 2011 4 6 2012 165 (a) interconnected 500 bank holding

J.A.Schumpeter p. pp. - Jacque Jacque Venture Capital

innovation J.A.Schumpeter p. pp. - Jacque Jacque Venture Capital Fund Collateralized Mortgage Obligation CMO Value at Risk, VaR Levereged Buyout, LBO Ibid. p. Jacque disintermediation securitization Schumpeter

untitled

IV2008#004.nb 1 13. MBS (Mortgage-Backed Securities) à http://www.sjam.co.jp/college/mbs.htm ü IV2008#004.nb 2 MBS MBS GNMA,FHLMC,FNMA MBS CMO( ) 6193 2 IV2008#004.nb 3 ü Bloomberg IV2008#004.nb 4 IV2008#004.nb

本文.pdf

4 ONE MetLife Vision Mission Values Put Customers First Be The Best Make Things Easier Succeed Together 5 6 7 8 9 1 11 12 13 14 15 96.1 16 17 18 19 2 21 22 23 24 26 27 28 29 3 31 32 33 34 35 36 38 39

和RIM24清水氏.indd

ABMI Asian Bond Markets InitiativeABF Asia Bond Fund ABMI ABF RIM 2007 Vol.7 No.24 103 ABMI ABF ABMI Asian Bond Markets Initiative ABF Asia Bond Fund 104 RIM 2007 Vol.7 No.24 ABMI ABF RIM 2007 Vol.7 No.24

untitled

UNITED to be the Best 2008 2008 3 PASSION FOR THE BEST at a Glance Business Structure of the Daiwa Securities Group HOLDING COMPANY RETAIL WHOLESALE ASSET MANAGEMENT 100% 120-101.0 90-60- 30-74.4 71.0

5 5 (%) 9. 3 5 3 8. 7. 5. 5.. 5 5 5 3 8 5 3.9 3.. 1/3 1/9 /3 /9 3/3 3/9 /3 /9 5/3

I *1 *1 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) * ( ) ( ) ( ) ( ) ( ) ( ) (JCR) G7 *1) *) (1) JCR AAA ( ) 1 () 5 - IT 1 5 5 (%) 9. 3 5 3 8. 7. 5. 5.. 5 5 5 3 8 5 3.9 3.. 1/3 1/9 /3 /9 3/3 3/9 /3 /9 5/3 1 (%).

第33回 ESRI－経済政策フォーラム

?! BNP 2.4 2.4 1.6 (1.62).8 (1.56) 1.5 (2.).1.1.2 (.27).4 (.56).3 (.54) 1.9 2.4 2.1.9 1.2 -.1.1..6.2 3.1 2.9 2.2.9 (1.58) 1.4 (2.42) 2.2 2.5 2.3 2.4 1.7 1.6 2.9 2.6 1.1 1.3 1.4 1.4 1.9 1.8 1.9 1 7 65 (PMI)

2 F 300 130 2270 K 200 320 4180 F 500 567 6433 F K 717 cf. 1-5 1.4. 3 1-9 (1) 8 8 (public goods) 9 (nonrivalrous) 10 (nonexcludable) 11 (goods) (2) 12

1 2005 9 20 http://www.rikkyo.ne.jp/~asatsuma/ 1. 1.1. / / (1) (2) 1.2. ( 2004) ( 2005) ( ) ( ) ( )( ) ( )( ) ( ) ( ( ) ( ) ( ( ) ( ( ) 1220 119 1221 145 (2002 ) 1.3. : (1) (4 ) 2000 8 239 113 240 104