How Technology effects North America. U.S. Wage Trends

How Technology impacts North America. U.S. Pay Trends The microeconomic image of the U.S. has changed colossally since 1973, and the trendsare ending up being reliably descending for the country's secondary school graduates and highschool drop-outs. 'Of the considerable number of reasons given for the pay press - internationalcompetition, innovation, deregulation, the decay of associations and barrier cuts - technologyis presumably the most basic. It has supported the informed and the talented,' says M. B.Zuckerman, supervisor in-head of U.S. News World Report (7/31/95). Since 1973, wagesadjusted for swelling have declined by about a quarter for secondary school dropouts, by a sixthfor secondary school graduates, and by about 7% for those with some advanced degree. Onlythe wages of school graduates are up.Of the quickest developing specialized employments, programming building tops the rundown. Carnegie MellonUniversity reports, 'enlistment of it's product designing understudies is up this year by over20%.' All building employments are paying great, demonstrating that profoundly talented work is whatemployers need! 'There is clear proof that the flexibly of laborers in the [unskilled labor]categories as of now surpasses the interest for their administrations,' says L.United StatesMishel, Research Directorof Welfare Reform Network.In perspective on these realities, I wonder if these patterns are fortunate or unfortunate for society. 'The threat ofthe data age is that while in the short run it might be less expensive to supplant laborers withtechnology, over the long haul it is possibly pointless in light of the fact that there won't be enoughpurchasing capacity to develop the economy,' M. B. Zuckerman. My inclination is that the trendfrom untalented work to exceptionally specialized, talented work is a decent one! However, political actionmust be taken to guarantee that this cultural advancement is helpful to us all. 'Back in 1970,a secondary school recognition could even now be a...

Essay Writing - Essay Writing Tips

Essay Writing - Essay Writing TipsExamination essay writing is quite difficult if the writer lacks the appropriate skills and techniques. There are many sites that can help to prepare a good essay and there are several tips that can be followed in order to write a good essay. The best thing about writing an essay is that it allows the person to express his/her knowledge and learning while writing a paper.The first thing that needs to be done when preparing an essay is to come up with a topic for the essay. The topic will need to be related to the topic of the thesis. This will be the introduction of the topic.The purpose of the essay is to determine the quality of a student. The purpose of writing an essay is to provide information for the readers in order to help them understand a particular subject. The essay is composed of paragraphs. The students will need to use the right words in order to make the subject clear.There are two purposes for writing an essay: one purpose is to prov ide information to the reader and the other is to provide knowledge to the reader. It is important to state the information in the correct manner and provide the information to the reader in the correct manner. A common mistake that students commit is that they do not provide enough information to the reader.Students who cannot put things in proper perspective will not be able to find the right way to help the reader. It is not only important to explain the facts but it is also important to convince the reader through the words. Using proper diction and grammar will help a lot.The purpose of the essay is to present the most important points in the thesis or the main idea. There are several people who consider that the essay must be composed in a very simple way. However, in order to provide the information in a better way, more advanced and more complicated ideas should be used.It is important to state the important features of the subject in a very simple manner. It is important to present the information in a simple manner because a student cannot know how to structure the essay or how to present the information in a very sophisticated manner. If the information is presented in a very simple manner, then the reader will get confused when reading the entire document.The writer of the essay should compose the information in the right manner. It is also important to include facts in the correct manner. There are several rules that can be followed in order to prepare a good essay.

English Essay Example | Topics and Well Written Essays - 750 words - 27

English - Essay Example The creator cautiously makes a disputable issue in this story where it very well may be seen that the trouble is coming to the surface in an in any case upbeat family. The writer attempts to bring out the sentiments of the perusers to feel for Holly who is caught in a troublesome circumstance which has brought about conflicts of interests. For example, she needs to pick up the call from Owen while simultaneously taking care of the necessities and interests of the family, for example, getting ready supper for them. Hence, Holly should adjust between the necessities of two separate however significant gatherings of individuals throughout her life. She can't overlook her sibling while simultaneously she ought to likewise provide food for the requirements of her family as the mother. The creator utilizes symbolism to make the story progressively bona fide. So as to show that Steven isn't intrigued by the conduct of Owen he says, â€Å"He can’t rest around evening time. Now and then he rests during the day so it’s night for day for him† (160). The creator attempts to show how Steven is baffled by these unremitting calls which obviously are made somewhere in the range of six and seven consistently when completely should focus on family tasks, for example, getting ready supper for them. Using the above proclamation, the creator attempts to show that Owen needs his concern to have a place with everybody. In Steven’s see, such calls ought to be made during the day when Holly isn't extremely occupied with family tasks. Oats additionally utilizes symbolism when Steven says to her significant other, â€Å"He is gobbling you up alive,† (160). The perusers are compelled to envision such a circumstance where an individual is ‘eatenâ €™ alive. Despite the fact that unfathomable, the writer attempts to make the story distinctive with the goal that the perusers can be in a situation to envision the desperate circumstance Holly is in. Holly’s love for her sibling is currently risking her marriage since this is presently making extraordinary issues among her and the spouse. Holly’s promise to her sibling Owen

Nursing College Essay: Tips For Writing A Good Nursing College Essay

<h1>Nursing College Essay: Tips For Writing A Good Nursing College Essay</h1><p>Finding the privilege Quinnipiac nursing school paper is fundamental to effectively graduating with a degree in nursing. As an approaching alumni, there are various contemplations that you ought to consider so as to effectively apply and endure the nursing school confirmations process.</p><p></p><p>The personnel of a nursing school is the essential issue when searching for the best nursing school for a degree in nursing. This implies you should pay special mind to staff who offer workshops just as classes on a similar subject. This workforce ought to be proficient about your decision of profession way just as the customary courses and techniques utilized in nursing. You should check whether the personnel offers you a tutor who will work with you during the application procedure, albeit many will offer such a coaching service.</p><p></p><p>W hen it results in these present circumstances issue, an elegantly composed nursing school exposition will be the central factor for progress. You may wish to look for guidance from a counselor in your nursing school's affirmations office. In any case, ensure that you address somebody who knows how the confirmations procedure functions notwithstanding the correct scholarly consultant to control you. There are numerous kinds of paper composing, you can attempt to help in your exposition efforts.</p><p></p><p>Many individuals decide to compose a personal ABC story with intriguing statements from instructors or guardians. This thought can be discovered everywhere throughout the web just as in the final pages of books. In the event that you do compose your very own touch material, remember that there are explicit rules you should follow so as to guarantee that your piece is acknowledged. Albeit numerous individuals would compose their very own history with customi zed citations, ensure that your piece has just been demonstrated by the affirmations official to be reasonable. Your story must seem to be reasonable as conceivable without parting with too much.</p><p></p><p>One of the key factors in your nursing school exposition is your scholarly validity. Numerous understudies feel overpowered by their articles and get themselves uncertain about what they have to compose. You should give enough proof that you have the correct foundation and capabilities to turn into a medical caretaker. Ensure that the educator is content with your work or the teacher will have no real option except to dismiss your application.</p><p></p><p>If you don't have a secondary school recognition, you should express this also. Now and again, the individuals who don't have a recognition might be exposed to additional time and exertion in the affirmations procedure because of their powerlessness to demonstrate their current instructive certifications. This is something that you should recall as well.</p><p></p><p>This article plots the initial phase in getting ready for your nursing school paper. There are a lot of assets accessible online that can be utilized to help in the composing process.</p>

Be the Very First to Know What an Old Pro Thinks About Rogerian Essay Topics

<h1> Be the Very First to Know What an Old Pro Thinks About Rogerian Essay Topics </h1> <p>Free discourse is certainly not a dubious issue it's a hundred percent human right! By method of model, in school, you may be mentioned to form a paper from the restricting point of view. A powerful explanation endeavors to persuade the peruser to consent to your point of view, though in a contentious proclamation, the writer endeavors to persuade the peruser to consent to a particular situation as well as why additionally the contrary view isn't exact. To compose this sort of task, you don't simply must have information in a particular region yet in addition be in a situation to show that your perspective is exact. </p> <p>Many individuals tend to form powerless contentions since they don't have the foggiest idea how to make a convincing contention. In the event that you start with a mutual conviction, you are going to tell your perusers your goal isn't to persuade them yet to find shared view despite the fact that your contemplations are inverse. Another explanation is to see how well understudies contend on different perspectives and exhibit comprehension of the considered subject. To compose a magnificent factious exposition the understudies initially should examine a few sides of the contention, which licenses them to make an informed position. </p> <p>Finding the most reasonable contentions will permit you to demonstrate your point and win. Contingent upon the multifaceted nature of the issue, the point to which individuals are distressed over it, and the focuses you wish to contend, any bit of a Rogerian contention can be extended. In any case, you will pick a subject of intrigue that has two rival sides. It's imperative to choose begging to be proven wrong contentious article themes as you need restricting focuses you can counter to your own focuses. </p> <h2> Top Rogerian Essay Topics Secrets</h2> <p>Figure out how amusing pugnacious article themes can get the enthusiasm of your mentor. Factious expositions are a couple of as well as can be expected compose as an understudy. A pugnacious article expects you to pick a subject and have a situation on it. It is a specific kind of scholastic composition. </p> <p>Each of your sections should start with a case. At the finish of these rundown, you will find connects to a scope of factious passages and papers. Your diagram might be a point or sentence layout. The amendments are totally free! </p> <p>Presents thoughts of conceptualizing so as to find a decent subject for an article figure out how to conceptualize and get great evaluations! These days it's extremely hard to find a reliable exposition composing administration. A fabulous Rogerian exposition is reliant vigorously on a nitty gritty paper subject. The regular five-section paper isn't unprecedented recorded as a hard copy contentious papers, yet it's just one way to deal with think of one. </p> <h2>The Basics of Rogerian Essay Topics </h2> <p>You don't have to discover too specialized with legitimate contentious articles, however try to get your work done on what the ongoing laws about your preferred point really state. You have your theme and you're good to go to hop in. Along these lines, the subject should be easy to refute! Late contentious article points that are identified with society is going to do.</p> <h2> Want to Know More About Rogerian Essay Topics? </h2> <p>The most habitually experienced paper composing administration that by far most of our customers require is article composing. In the event that it's the absolute first time you're probably going to utilize our article composing administration, you in all likelihood have a great deal of inquiries. Why you should get an exceptional activity because of your video gaming capacities. Mention to our specialists what sort of schoolwork help on the web you should get. </p> <p>You could likewise connect with your author to gracefully some extra suggestions or solicitation data in regards to the request's advancement. The composing methodology is behind. On the off chance that you feel that you will require help with your composed assignments it is desirable over solicitation master help from web based composing administration. In case you're battling, you generally have the choice to find support by utilizing an exposition composing administration, for example, our own. </p> <p>No matter what kind of exposition you're composing, a solid arrangement will permit you to have a bigger effect. Until further notice, simply give them a thought of you will visit about later. Probably the best technique to alter anyone's perspective is with a passionate venture. At the point when you're picking your theme, recollect that it's a lot less complex to expound on something which you as of now have intrigue ineven on the off chance that you don't have the foggiest idea about a decent arrangement about it. </p>

Research Paper Topics on Comic Books

<h1>Research Paper Topics on Comic Books</h1><p>When you choose to compose an exploration paper, you have to consider all the potential themes that you can expound on that relate to your subject. Comic books specifically are a significant piece of American culture.</p><p></p><p>The examine paper you will compose will concentrate on the historical backdrop of comic books. On the off chance that you can locate the correct research paper points on comic books, you can get a great deal of data from simply perusing a comic book.</p><p></p><p>To start, you have to characterize what precisely a comic book is. Generally, it is a printed work that delineates the occasions and circumstances that are going on in a specific timeframe. Comic books can contain a wide range of pictures which are really set inside the pages of the comic book. They are typically perused by fans who love the comic characters and set up drawings and word s that make it exciting.</p><p></p><p>What are a portion of different kinds of paper points on comic books? The word itself can be a fascinating theme since it is utilized to portray a ton of things. A portion of these points include:</p><p></p><p>Although funnies have been around for quite a while, they have as of late become well known in the United States. This has made them an exceptionally hotly debated issue on the planet today. It has been found that funnies draw in various types of individuals. For instance, comic books advance to young people, grown-ups, and even to understudies and teachers.</p><p></p><p>As it turns out, in the event that you need to compose an exploration paper on comic books, you should take a gander at the various ways that comic books are being utilized. They are for the most part utilized as an approach to show individuals history, recent developments, and different issues. You wi ll likewise need to characterize the story behind the comic books, with the goal that you can compose an exact research paper about comic books.</p><p></p><p>Comics can help many individuals find out about history. They may even assistance grow more enthusiasm for history for the individuals who are inexperienced with it. They can likewise help in understanding a verifiable occasion. When you have discovered the correct subjects for your exploration paper, you can begin assembling your examination materials, for example, a reference manage, a course of events, and a graph.</p>

Argumentative Essay Topics About Substance Abuse

<h1>Argumentative Essay Topics About Substance Abuse</h1><p>Many secondary school understudies will think that its difficult to compose an influential contentious paper subject about substance misuse. Indeed, even the most elegantly composed paper that contains an elegantly composed proposition may not be that enticing to the secondary school understudy's crowd. This is on the grounds that most youthful grown-ups are brought up in families where drinking, smoking, and medications were a piece of regular life.</p><p></p><p>One or a greater amount of these different reasons ought to have been the purpose behind your maltreatment in any case. Notwithstanding why you have gotten dependent on drugs, one thing is certain: it is an issue that you can not live with, particularly in this day and age. We can't all remain calm perpetually, yet we can be happy.</p><p></p><p>Alcohol and different medications harm a person's brain a nd body in a few different ways. It makes an extreme want for things like liquor and it makes the client get into physical battles that are past their control.</p><p></p><p>There are numerous youngsters who are likewise casualties of underage liquor misuse. They are the ones who wind up losing their lives as a result of adolescent medication abuse.</p><p></p><p>Their issues ordinarily originate from experiencing a lot of difficulty with the law. These teenagers need to manage issues of truancy, and once in a while they end up in prison, too.</p><p></p><p>Drug misuse obliterates the casualty's life. The medication abuser's companions frequently become mixed up in the rearrange and don't have any genuine connection with the fiend. These are the individuals who attempt to cause the fanatic to feel better about his situation.</p><p></p><p>All of this data is significant and it will assist you with writing a convincing contentious exposition subject about substance misuse. Nonetheless, recall that one thing that will shield you from succumbing to medications and liquor is to get help now.</p>

Get the Scoop on Writing an Argument Essay Reddit Before Youre Too Late

<h1> Get the Scoop on Writing an Argument Essay Reddit Before You're Too Late</h1> <p>1 way to deal with reinforce your contention and show that you are in control of a profound perception of the difficult you're talking about is to envision and address counterarguments or complaints. These parts may appear to be straightforward, yet they're normally the hardest ones to compose, the explanation numerous individuals choose to buy pugnacious paper as opposed to composing it without anyone else. Turning out to be in a situation to create a solid contention will permit you to prevail in the public arena. With our scholarly authors you'll never face such an issue. </p> <p>For case, in school, you may be mentioned to make a paper from the restricting stance. Again, here everything will be dependent upon the contentions you're making and the focuses you're endeavoring to demonstrate. On the off chance that considering a counterargument changes your position, you should return and reexamine your underlying contention appropriately. Present every contention reasonably and dispassionately, as opposed to endeavoring to cause it to seem stupid. </p> <h2> The Writing an Argument Essay Reddit Stories </h2> <p>You must consider a position you may back up with thinking and proof. A few people believe that logical revelations have given us a much better dominance of our general surroundings. You can't, you may even get a kick out of expounding on these themes when you achieve your objectives and prize yourself. Rehash the hugeness of your issue. </p> <p>In picking your theme, it's every now and again a decent idea to b egin with a subject which you as of now have some nature with. It's generally progressively fitting to think about a few genuine counterarguments in some profundity, as opposed to give a long however shallow assortment of a few unmistakable counterarguments and answers. The theme must be present and important. Frequently, the perfect theme is one which you genuinely care about, yet you additionally should prepare to look into it.</p> <p>Understanding how to make a solid contentious paper can assist you with propelling your own one of a kind factious reasoning. Just featuring a book is fabulous for retaining the essential thoughts in that textit doesn't energize basic perusing. It's made out of a snare, foundation information, and a theory articulation. In the event that you had the option to create a convincing snare and give some foundation data, assembling a theory explanation shouldn't be a lot of issue. </p> <p>It additionally relies on the term tally and the scholarly level. The essayist can focus on only a solitary reason and one impact, or a blend of the two. A genuine model is the higher ocean levels because of the softening ice tops brought about by an Earth-wide temperature boost. </p> <h2>What You Must Know About Writing an Argument Essay Reddit </h2> <p>To comprehend the most huge parts of a general public, you should contemplate its significant urban areas. T he term of passages in these parts will vary contingent upon the time of your article task. All of these four areas requires some essential components. In certain occasions, a framework could be in fact unreasonable. </p> <p>You ought to settle on a reasonable beginning objective when you begin composing and achieve it. There are numerous administrations that give this kind of help. Accordingly, it must be successful and consistent. </p> <p>Students ought to consistently address what they're educated as opposed to tolerating it latently. All understudies have different necessities. Understudies should base their choice of a territory of study on the entrance to work around there. In any case, not all understudies have time and to get prepared for this kind of schoolwork. </p> <h2> Life, Death and Writing an Argument Essay Reddit </h2> <p>The costs of our absolute best exposition composing administration aren't the most elevated and not the least on the commercial center. Spot a buy and our authors will permit you to make an all around organized paper on any point. Envision the standard of composing you'll get from a modest paper composing administration. Connect with us presently to get master article composing help! </p> <p>Introduction ought to permit it to be entirely clear what your paper will be about. You must have abilities to create a fabulous article. Composing an article can turn into an appropriate bad dream for individuals who need involvement with doing this sort of task. Regardless of the amount or sort of research included, contentious articles must set an unmistakable proposal and follow sound thinking. </p>

Malaysia banking system - Free Essay Example

Introduction 1.0 Introduction According to Bank Negara Malaysia, Malaysia banking system is divided into 3 main groups which are; 1) monetary institution comprising the Central Bank (Bank Negara), commercial and Islamic financial institutions; 2) non- monetary institutions namely merchant banks, credit and insurance companies, and development banks; and 3) foreign banks representative offices and offshore banks. Prior to the 1997 financial crisis, Malaysia had thirty seven commercial banks, forty finance companies and twelve merchant banks. However, after the financial crisis 1997, most of the banks has consolidation through mergers and acquisitions to strengthening of these financial institutions has result in thirty five licensed commercial banks, thirty one finance banks and twelve merchant banks. As to date, there are only twenty two licensed commercial banks and fourteen merchant banks in Malaysia. (Shanthi Kandiah, 2009) (Table 1) Financial Institutions 1997 1998 2009 Commercial banks 37 35 22 Finance Companies 40 31 0 Merchant banks/Investment banks 12 12 14 Table 1 : Number of Financial Institutions However, among the twenty two licensed commercial banks only nine of the commercial banks are local bank and the rest of thirteen commercial banks are foreign banks. From the nine local commercial banks out of eight banks listed in Bursa Malaysia are: Malayan Banking Berhad, Hong Long Bank Berhad, Public Bank Berhad, Affin Bank Berhad (under Affin Holding Group), Alliance Bank Berhad (under Alliance Financial Group Berhad),Ambank Berhad ( under AMMB Holding Berhad), Eon Bank Berhad (under Eon Capital Berhad) and lastly CIMB Bank Berhad. (under Bumiputra- Commerce Holdings Berhad) while Rhb Bank Berhad, is currently not listed in the Bursa Malaysia. (Table 2) NO NAME Listed Non-Listed 1. Affin Bank Berhad (under Affin Holding Group) x 2. Alliance Bank Malaysia Berhad (under Alliance Group Berhad) x 3. AmBank (M) Berhad (under AMMB Holding Berhad) x 4. CIMB Bank Berhad (under Bumiputra-Commerce Holding Berhad) x 5. EON Bank Berhad (under Eon Capital Berhad) x 6. Hong Leong Bank Berhad x 7. Malayan Banking Berhad x 8. Public Bank Berhad x 9. RHB Bank Berhad x Table 2: List of Local Commercial Banks in Malaysia After the financial crisis 1997, significant numbers of bank had bankrupt or were merged with other financial institutions, which proven that, the failure of bank is due to their failure in managing their liquidity risk properly. In other words, during the financial crisis a lot of banks were incapable to provided sufficient amount of money to meet the current need of their investors. As thus, banks had said as to failure to managing their risk properly because do not have enough money liquidity in banks to meet the demand of their investors. From another perspective, big bank may not always be better because increase in organisation may present more problems than it. Bank have found that to survive it is more necessary to have a leading market share in a variety of businesses rather than just having a lot of assets or a huge capital. Thus, proper management of risk related to assets and capital market among bank is crucial. If the bank was able to assess the risk at an early stage, then the bank may be able to plan for appropriate action to be taken to reduce risk before it occurred. 1.1 Risk Management in Banking Sector Driven by the increasing complexity of doing business, risk management has become an important and integral part of the companys internal control and governance in order to achieve its plans and objectives. In other words, risk management refers to the methods and processes used by organizations to manage risks (or seize opportunities) related to the achievement of their objectives. ( Azlan Amran, Abdul Manaf Rosli Bin and Bin Che Haat Mohd Hassan, 2009) Risk management in general involves identifying; assessing, responding, prioritizing then risk followed by minimization of risk and control the probability of risk. Risk management is entering into many aspects of banking business such as increased attention and concern must be given to ensure the risk under control. Ideally, risk management in the banking sector is to reduce the risk to the minimum. For example, credit approval, the officer can reduce this risk through measure the ability to pay back by customer before approved the credit. In facing the challenge of global financial environment, banking sector is required to implement integrated risk management systems. (Rajna, 1999) They are required to identify their current risk exposure such as market risk. It is a necessary risk-reducing tool to promote long-term profitability and stability of the banks and enhance the competitive advantage of banks. If a bank has right risk management systems that can effectively capture the risk exposures, there is an opportunity for them to lower their capital charges. As a result, proper risk management practice is essential for banks to maintain competitiveness over the long run. Lastly, to manage the risk in banking sector, first the banks need to identify the risk. The risk related to banking consists of credit risk, market risk; interest rate risk, foreign risk, liquidity risk and operation risk. Risk identification is the first stage of risk management. This mean that, banks need to correctly identify the risk such as market risk of the risk expose because it helps to develop basis for next steps analysis and control of risk management. (Lubka Tchankova, 2002) 1.2 Risk Management Disclosure in Banking Sector The purpose of risk management disclosure is to allow financial analysts, shareholders, creditors, clients and any interested parties to rely on minimal standards of quality and consistency in the risk management policies of financial firms. Greater promote transparency of risk management could benefit investors. Increased transparency is considered in the numerous explanations offered in the finance literature for the willingness of firms to voluntarily disclosure complete and timely information. This is said to be benefit investors as they need comprehensive risk information if they are to completely understand the banks risk profile. Risk is an unavoidable element of any business venture, especially for banking sector. In addition to financial risk, a company is also susceptible to business risk or changes in the overall economic climate that can adversely affect the price of its securities. Hence, it is in the stakeholders best interest that risk be disclosed in a timely manner. (Azlan Amran, Abdul Manaf Rosli Bin and Bin Che Haat Mohd Hassan, 2009) Disclosure of risk management is to promote a more robust financial system. Moreover, can help to promote and maintain a sound financial system by strengthening the incentives for sound risk management within financial institutions and by improving the information which financial institutions use to make credit allocation decisions to the corporate sector. (Rajna Gibson, 1999) Normally, those banks with better disclosure will tend to attract more investor to invest, or clients more willing to place their money in the bank. Besides that, the disclosure of risk management helps to reduces information asymmetry. Investors and shareholder would be able to justify the risk position of the bank through the disclosure of respective financial information. This also can help them to justify whether the manager is acting on the interests of the company. Besides that, disclosure of risk facilitates supervision and reduces monitoring costs. Public disclosures of risk in banks annual report enable the management to foresee the potential problems; therefore can plan to reduce risk in advance, thus it save the monitoring cost indirectly. (Philip, 2005) It is argued that banks that disclose greater amounts of useful risk information would benefit from a reduction in their cost of finance as the providers of funds will be in better position to judge the banks risk level and this will remove the need for them to incorporate a risk premium within the cost of capital. (Linsey and Shrives, 2005) 1.3 Types of Risk in Banking Sector Risk of the banking sector can be varied and widely difference across the banking institution. Generally the risk for banks business can classified into five popular categories: credit risk, interest rate risk, foreign exchange risk, liquidity risk, and operating risk. 1. Credit risk Credit risks the most important risk categories in banking. Risk that due to the borrower unable to repay back to the banks. In order word, credit risk is the bank borrower fail to meet its obligations in accordance with agreed terms and conditions. The aim of credit risk management is to maximize a banks risk- adjusted rate of return by maintaining credit risk exposure within acceptable boundary. (Catherine Soke Fun Ho, 2009) Bank Negara Malaysia (2009), credit risk continues to remain the largest source of risk for banking institutions in Malaysia. This is due to the fact that a banking institutions loan portfolio is typically the largest asset and the major source of revenue. 2. Interest rate risk Interest rate risk is one of the market risks. It is the effect of changes in market interest rate levels on the profitability of the bank. Increases in interest rates may lead to higher profits, lower profits, or no change in bank profiles. While the risk due to changes in interest rates has always been a possibility, this source of risk was not considered to be serious as long as interest rates were stable. Changes in interest rates can damage the banks profitability by increasing its cost of funds, lowering its returns on earning assets, and reducing the value of the owners investment. 3. Foreign exchange risk (Forex) Risk associate with the loss in the exchange of the currency. Foreign exchange risk is the loss being incurred because of being party to a foreign currency transaction or holding a foreign currency changes. For extreme cases, it may involve blocking of convertibility. 4. Liquidity risk Liquidity, or the ability to fund increases in assets and meet obligations as they come due, is crucial to the ongoing viability of any banking organization. Therefore, managing liquidity is among the most important activities conducted by banks. Sound liquidity management can reduce the probability of serious problems. Indeed, the importance of liquidity transcends the individual bank, since a liquidity shortfall at a single institution can have system-wide repercussions. (Basel, Feb 2000) 5. Operating risk This is refers to the risk of losses or unexpected expenses associated with fraud, check kiting, and litigation. According to Bank Negara 2009, large corporate experience of the failures due to fraud and lapses in internal controls has focused greater attention on improving operational risk management in banking institutions. 1.4 Problem Statements Driven by increase competitive in business environment today, risk management is required to be disclosed in financial statements of the companies in complying with FRS 132. However, there is an issue where a lot of companies are not willing to disclose additional voluntary information in the financial statements. As they worry valuable information is available to their rivals and creates competitive disadvantages. Radiah Otman (2009), firm may not like to disclose extensive information that might have future repercussions for their bare existence due to sensitivity of such information. This is one of the problem which investors or others interested parties do not have extensive information to evaluate banks financial performance. Apart from it, he also said that interest rate disclosure was favored as compared to credit risk among the market risks categories. 1.5 Research Question The purpose of this study is to determine the extent to which commercial banks are providing risk management disclosure (qualitative information) suggested under FRS 132. Thus, the specific research questions are: Research question 1: Which type of risk more likely to be disclosed by commercial banks in Malaysia? Research question 2: Do commercial banks provided additional voluntary disclosure? Research question 3: Do the commercial banks in Malaysia disclose financial risk management objectives and policies? 1.5 Objective of the Study The general objective of this study is to examine whether the commercial bank in Malaysia complying with the general risk management guideline that provide by the FRS 132. However, the objective is broken down as below; a) To examine which type of risks are more likely to disclosed by the commercial banks in Malaysia. b) To make the comparison among commercial banks to the extent of the information disclosed in the financial statement. Whether information disclosed is voluntary information or mandatory information. c) To examine whether the commercial banks in Malaysia disclosure financial risk management objectives and policies. d) To examine whether the commercial banks in Malaysia comply with Financial Reporting Standards in Malaysian. 1.6 Conclusion After the financial crisis 1997 and also Enron scandals, it is increased need for the demand of more risk management disclosure. Risk management plays an important role in the global financial sector. Banking sector is inherently involved in risks and these risks need to be managed. Inherent risks are the risk that due by economic environment. Bank is highly exposed to this risk, as so the effective risk management is crucial. It is important for banks to release risk information to the marketplace that enables stakeholders to assess its risk profile. Disclosure of risk in financial statement able to help investors have a better understanding on how firm value is affect by risk exposure, this also can help to reduce information asymmetry between banks, investors and other stakeholders. One of the major problems here is that some companies are not willing to disclose more extensive information in their annual reports as they worry that the information is quantifiable to their competitors. Besides that, when the cost of disclosure is higher than the benefit, they will choose not to disclose the risk information. Thus, this study is to undertake which type of risk is most likely to be disclosed by commercial banks in Malaysia and examine whether the information disclosed is moderately or voluntary disclosed additional information. This study also evaluates the level of compliance among banks in Malaysia, and whether the banks disclosed financial risk management objectives and policies. 2.0 Introduction Prior to British colonial in Malaysia, accounting in Malaysia more emphasis on the recognize expenditure and revenue rather than recognize income. As after the British colonial and the accounting development and structure change over time there is increasing important for the issue such as recognition, measurement, and accountability. However, the accountants prepare the accounting reports is more emphasis on the shareholder needs. This mean they tend to alter the reports to the amount of income at which their shareholder desired in order to attract more investors. Therefore, sometime the annual reports do not actually reflect the fact of the financial position of the company. As for this reason, accounting standards play important roles to ensure that the annual report of the company is complying with the standard that are required. Companies registered in Malaysia must comply with the Company Act 1965. The Act prescribes the preparation of general purpose financial reports by certain categories of companies, and this preparation is subject to regulations from several sources. The provision of information is essential for decision maker such as investors, creditors and interested parties. However, there is a need for regulations and monitoring to ensure that the information provided to such users is reliable and unbiased. As for financial institution in Malaysia the key players in the financial reporting environment consist of Companies Commission of Malaysia; Central Bank; Securities Commission, and Malaysia Accounting Standards board (MASB). 2.1.0 Companies Commission of Malaysia All companies that incorporated under Company Act 1965 are regulated by Companies Commission of Malaysia. The Act requires certain companies, such as public listed companies or private limited companies, to prepare financial statements in accordance with approved accounting standards. Among other functions, CCM monitors compliance with accounting standards and the Company Act 1965. This involves investigating companies that do not comply with accounting standards. The function CCM includes: * enhancement and promotion of the supply of business and corporate information; * acting as agent of the Government and providing services in collecting and enforcing payment of prescribed fees; * regulating matters relating to corporations, companies and business. * encouraging and promoting proper conduct amongst directors, secretaries and other officers of a corporation The Companies Commission has played an active role in the accounting profession and the Malaysian Accounting Standards Board (MASB). Coordinated efforts are undertaken by the profession together with the Companies Commission and the MASB to identify issues that impact the financial and reporting environment. 2.1.1 Central Bank Bank Negara Malaysia is the central bank of Malaysia. The main objectives are to issue currency and maintain reserves in order to safeguard the value of the currency; Act as a banker and financial adviser to the Government; promote monetary stability and a sound financial structure; and influence the credit situation to the advantage of the country. Apart from that, Bank Negara Malaysia also responsible for regulates and supervise the financial system in Malaysia. 2. 1.2 Banking and Financial Institutions Act 1989 (BAFIA) Banking and Financial Institutions Act 1989 (BAFIA) is one of the legislations to regulate and supervise the financial system. The objective of the Banking Financial Institutions Act, 1989 (BAFIA) is to provide new laws for the licensing and regulation of the institutions carrying on banking, finance company, merchant banking, discount house and money-broking business, for the regulation of institutions carrying on certain other financial businesses, and for the matters incidental thereto or connected therewith. BAFIA was introduced to provide for an integrated supervision of the Malaysian financial system and also to provide the Central Bank with the power to speedily investigate and prosecute, if necessary any illegal activities in an attempt o reduce white-collar crime. 2.1.3 Securities Commission (SC) Securities commission was set up under the Securities Commission Act 1993. The function of the Securities Commission is to promote a strong and healthy securities market and to maintain the confidence of investors in line with the provisions of the Securities Commission Act and the Securities Industries Act 1983. SC also regulates the corporate sector, particularly the listed companies. Company that listed in bursa Malaysia required filing detailed annual reports with the Commission. The period of the financial report date and the issue date must not exceed six months. The annual reports must be audited. The public companies are required to maintain a high standard of financial disclosure in order to provide the public with the information that is necessary to make informed investment decisions. The SC played a significant role in the establishment of the Financial Reporting Act 1997 and continues to be involved in the Malaysia Accounting Standards Board (MASB). The function of the SC included: * supervising exchanges, clearing houses and central depositories; * regulating all matters relating to securities and future contracts, unit trust schemes, take- over and mergers of companies; * encouraging self regulation; * approving authority for corporate bond issues; * licensing and supervising all licensed persons; * ensuring proper conduct of market institutions and licensed persons. The SC has since 1996 embarked on three phase shift towards a Disclosure Based Regulation (DBR). With effect from 2001, it has embarked on a full DBR focus with requirements of high standards of disclosure, due diligence and corporate governance. Disclosure is crucial to investors who wish to invest or who have invested in securities sp that their investment decision process can be facilitated. Due diligence is a process undertaken by companies in disclosing information, to ensure that all information disclosure in full, timely and accurate. Corporate governance is the process and structure used to direct and manage the business and the affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long- term shareholder value, whilst taking into account the interests of other stakeholders. 2.1.4 Malaysia Accounting Standards Board (MASB) The Financial Reporting Act 1997 establishes the Financial Reporting Foundation (FRF) and the Malaysian Accounting Standards Board (MASB). The main functions of the FRF are to provide the financing arrangements for the operations of the MASB, and review the MASB performance. MASB is an independent authority to develop and issue accounting and financial reporting standards in Malaysia. The main functions of the MASB are to: * issue new accounting standards as approved accounting standards; * review, revise or adopt as approved accounting standards existing accounting standards; * issue statements of principles for financial reporting; * sponsor or undertake development of possible accounting standards; * conduct such public consultation as may be necessary in order to determine the contents of accounting concepts, principles and standards; * develop conceptual framework for the purpose of evaluating proposed accounting standards; * make such changes to the form and content of proposed accounting standards as it considers necessary. The MASB together with the Financial Reporting Foundation (FRF) make up the framework for financial reporting in Malaysia. 2.2.0 FRS132 Disclosure Requirements In Malaysia, Bank Negara Malaysias and Financial Reporting Standards requirements act as quality control measures for bank to comply in respect of their disclosure contents of their risk in the annual report. FRS 132 (IAS 32) Financial Instruments Disclosure and Presentation shall apply for annual periods beginning on or after 1January 2006. FRS 132 should be read in the context of its objective and the Basis for Conclusions, the Framework for the Preparation and Presentation of Financial Statements. In this study, FRS will take as the guideline to examine the level of compliance among banks in Malaysia to the extent of risk information disclosed. According to paragraph 56 of FRS132 Financial Instruments Disclosure and Presentation, there is a specific requirement that an entity shall describe its financial risk management objectives and policies, including its policy for hedging each main type of forecast transaction for which hedge accounting is used. Similarly paragraph 58 of FRS132 Financial Instrument specifies that an entity shall disclose a description of hedge; nature of risk being hedged, and a description of the financial instruments designated as hedging instruments and their fair values at the balance sheet date. For each type of market risk such as interest rate risk, an entity shall disclose information about its exposure to interest rate risk, including effective interest rates and maturity dates (or contractual re-pricing). On the other hand, for credit risk an entity shall disclose the amount that best represents its maximum credit risk exposure as at balance sheet date, without taking into account of the fai r value of any collateral, in the event of other parties failing to perform their obligations under financial instruments, and significant concentration of credit risk. 2.2.1 Foreign Exchange Risk Disclosure Format When hedging instruments held or issued by an entity, either individually or as a class, creates a potentially significant exposure to the foreign exchange, commodity and interest rate risks. Their terms and conditions that warrant disclosure are: the principal, stated face value, for derivative such as IRS, forwards and future contracts; date of maturity, early settlement option held by either party to the instrument, including the period in which, or date at which, the options can be exercised and the conversion or exchange ratio. 2.2.2 Interest Rate Risk Disclosure Format The carrying amount of financial instruments exposed to interest rate risk may be presented in tabular form, grouped by those that are contracted to mature or be re-priced in the following periods after the balance sheet date. It can be one year or less; in more than one year but not more than two years; in more than two years but not more than three years; in more than three years but not more than four years; in more than fours but not more than five years; and more than five years. Interest rate information may be disclosed for individual instruments, or weighted average rates or a range of rates may be presented for each class of financial instrument. 2.2.3 Credit risk Disclosure Format The disclosure of the financial assets exposed to credit risk shall include the carrying amount of the assets in the balance sheet, net of any provisions for loss. For example, in the case of an IRS carried at fair value, the maximum exposure to loss at the balance sheet date is normally the carrying amount because it represents the cost, at current market rates, of replacing the swap in the event of default. Besides that, a financial asset subject to legally enforceable right of set-off against a financial liability shall be disclosed. It is intriguing to learn that even though MASB advise companies to disclose liquidity risk but no format has been suggested to date. 2. 3.0 Definition of commercial banks In the early days, commercial banks were commonly known as exchange banks because their business was concentrated mainly in the financing of external trade. This involved primary transactions in foreign exchange, such as remitting and receiving funds to and from abroad, and trading in commercial bills, including the short- term financing of foreign trade. Commercial banks are defined as any person who carries on bank business, under the Banking Act, 1973. Banking business means the business of receiving money on current or deposit account, paying and collecting checks drawn by or paid by customers, and making advances to customers, and include such other business as the Central Bank, with the approval of the Finance Minister, may prescribe. However, definition under the Banking and Finance Institution Act, 1989 (BAFIA) is almost the same as the definition under Banking Act, 1973 in which a bank can be defined as individual or organizations whom operates the business of banking such as receiving deposits for current account, saving account, making payment and receiving customers checks and other financing. Today, all the operations in the banking industry are governed by BAFIA, 1989. It is developed to replace the Finance Company Act, 1969 as well as the Banking Act, 1973. The introduction of the BAFIA is intended to provide an integrated supervision of the Malaysian financial system and to modernize and streamline the laws relating to banking and banking institutions. 2.2.1 History of Commercial Banks Commercial banks worldwide are mostly owned by private sectors. They are formed as a business organization with the objective to make profits. In their early establishment in Malaysia, commercial banks have played an important role in the transaction and development in the industry of commerce. The business was mainly focused in financing the overseas business transactions such as foreign exchange (in term of sending and receiving money to and from other countries) and also financing in the short- term markets. The main focus on external transaction was due to the development of economy sector especially in the import and export. Moreover, the business operations at that time were run by the branches with the supervision of their head office in overseas. The first bank branch in Malaysia was Charted Mechantile Bank, in 1959. The banks head office was initially in India, and then shifted to London and lastly China. Later, when the economy has developed drastically, there were more foreign bank branches. Today, the traditional practice of the banking industry in Malaysia has progressed. An important feature in the development of banking is the growing of locally incorporated foreign and domestic banks. BAFIA came into force on October 1, 1989 the domestic bank were required to formally exchange their licenses for new ones issued under BAFIA. The foreign banks, however, were given a time period of five years (up to October, 1994) to exchange their licenses in view of the provision requiring them to incorporate locally. The growth of locally incorporated banks marked a significant change in commercial banking in the country which prior to the 1970s was dominated by foreign banks. As at the end of 1959, there were then only 8 domestic as compared to 18 foreign banks. After 1982, foreign banks had been restricted from opening new branches in Malaysia in line with the policy to encourage the growth and development of domestic banks, particularly the expansion of the branch network into the rural areas. As at December 1996, there are a total of 37 commercial banks with a total branch network of 1569. The regulated expansion of banks has contributed towards a wider and better spread of ba nking facilities. 3. 0 Introduction After the Enron, WorldCom, and Xerox scandals, there has been increasing demand for more disclosures, especially in non- financial segment of the annual report. The need of greater transparency to disclosure the information in the financial statement has increasing more important over the year. Philip (2005), Transparency is defined as the public disclosure of reliable and timely information that enables users of that information to make an accurate assessment of a banks financial condition and performance, business profile, risk profile and risk management. Reliable and timely information mean that information disclosure in the annual report is reliable and can help the investors or any interested parties to make the decision in the timely manner. As for, relevance implies that the risk information meets the decision-making needs of the user of that information and timeliness is necessary to ensure the information is received at appropriate intervals and while it is still relevant. The same author states that reliable information tends to be information about past events, while information about future events is inherently unreliable. However the most relevant information for decision-making is future information and therefore a tension arises between relevance and reliability. Central to this is the issue of forward looking risk information which is potentially of great relevance, but which is also inherently unreliable. Risk management 3.1 Disclosure Regulation Debate Patrice Gelinas (2007), the information firms disclose through regulatory filings and voluntary communication bring into being a complex array of costs and benefits. For example, publicly disclosed information can attract investors as well as qualified employees, increase public profile, and permit benchmarking when competitors must similarly disclose. At the same time, producing information is costly because firms must, among other things, hire and equip information producers and release intelligence that can harm their competitive position. Hua Hwa Au Yong (2005), the disclosure of proprietary risk management information can put banks at a competitive disadvantage as valuable information is available to their rivals. Additionally, the cost of producing and providing information may be a significant burden for some banks. The prescriptive accounting treatments could bias banks decision- making towards the activity and instruments with the least costly regulatory outcome. For example, banks may simply decide to reduce the use of risk management instruments given the detailed disclosure requirements. Extent theory on voluntary disclosure shows that, absent market imperfections or externalities, firm managers have incentives to optimally trade off the costs and benefits of voluntary disclosure, and to provide the efficient level of information to investors in the economy (Healy and Palepu, 2001). A single efficient amount of disclosure exists when disclosure costs increase at an increasing pace and benefits increase at a decreasing pace as the amount of disclosure a firm releases augments. Similar assumptions are widespread (e.g. refer to Admati and Pfleiderer, 2000) and seem reasonable. For example, if regulators mandated public disclosure of detailed itemized inventory up to, say, the number of paper clips at every employees desk, this extra disclosure would probably generate minimal incremental benefits because of its limited value for investors. However, the costs associated with preparing this information in terms of labor hours, additional pages of printed information, and loss of intelligence to competitors, to name but a few, would certainly be exponential. Philip (2005), state that it is important to note that disclosure itself will not create transparency unless it is disclosure of useful information. Immaterial risk information need not be published as, by definition, this is information that would not influence the users decision. Three theoretical arguments support disclosure regulation in favor of investors and any interested parties. First, Leftwich (1980) and Beaver (1998) note that regulation increases economic efficiency because market failures in disclosure could lead to underproduction of information. Failures arise because existing shareholders pay for the production of information disclosure, but cannot charge potential shareholders who free-ride on the information. Second, the same authors note that it can reduce the information gap between informed and uninformed investors, a purpose that simply redistribute wealth between different shareholder strata. Linsmeier (2002), information gap refers to information asymmetry that exists between a firms insiders and outsiders. An information gap reduces firm value due to high monitoring and bonding costs. Managers can increase firm value by narrowing the information gap between banks, investors and other stakeholders via disclosure of value information. Thi rd, Coffee (1984) and Mahoney (1995) argue that it leads to efficient and liquid securities markets because it reduces information asymmetry between investors and managers to solve the agency problem. Keryn Chalmers (2005), derivative disclosures can reduce agency costs. Bank managers, as agents, may act in their own interest, with regulators and shareholders needing to restrict and monitor their behavior. Restriction and monitoring is achievable through the imposition of higher capital adequacy requirements, strict disclosure regulations, or higher expected returns to debt and equity capital providers. By disclosing derivative related information, bank managers are able to reduce agency costs. In contrast, Admati and Pfleiderer (2000, p. 479) summarize well the viewpoint of researchers who do not believe that disclosure regulation favors investors: If disclosure is good, why dont firms do it voluntarily? Regulation should not be necessary if disclosure is in the firms best interest. The need for disclosure regulation is further brought into question by the well-known unraveling results of Ross (1979), Grossman (1981), and Milgrom (1981), whereby lack of disclosure is taken to be bad news, forcing the informed party to reveal its information in equilibrium. If this is the case, again, regulation that requires that certain information be disclosed seems to be redundant. In short, the debate between proponents and opponents to disclosure regulation demonstrates that there is no consensus on its desirability for investors or on whether it increases economic efficiency. To the opposing, disclosure regulation is costly for investor it supposedly helps and, to the extent that managers pay is linked to the performance of the firm, it impacts managers pay negatively. Conclusion Disclosure debate Banks need to disclose minimum information as required by the regulator. In other words, banks are giving their right to choose not to disclose additional information. As thus, this may lead to complex array of costs and benefits. Although public disclosed additional information can attract more investors, but banks may choose to not disclose it as the cost of disclosure might be greater than it benefit. This why lead to complex of interest. Three theoretical arguments support disclosure regulation in favor of investors. First, the regulation increases economic efficiency. Second, it helps to reduce information gap between informed and uninformed investors. Lastly, it reduces information asymmetry between investors and managers. 3.2 Risk Disclosure Requirements Among the many new areas of interest that require disclosure in the annual report are matters relating to social and environmental obligations and the intellectual property of the company. Currently, such disclosures are still left to the discretion of the company in many countries and under varying guidelines issued by the authorities and accounting bodies. (Azlan Amran, Abdul Manaf Rosli Bin and Bin Che Haat Mohd Hassan, 2009) Below are some guideline and standards that which is issue for the banking sector. Basel II According to Bank Negara Malaysia, Malaysia will adopt the new capital accord- Basel II set by Basel committee. This Basel II is the revised international capital framework. The Basel II Framework describes a more comprehensive measure and minimum standard for capital adequacy that national supervisory authorities are now working to implement through domestic rule-making and adoption procedures. It seeks to improve on the existing rules by aligning regulatory capital requirements more closely to the underlying risks that banks face. The objective of this new framework is to emphasize on the need for refined measurement of risks, more efficient capital management and the adoption of sound risk management practices that will ultimately contribute to greater financial stability. This will to enhance the corporate governance framework, the robustness of the internal control systems, and to introduce greater transparency and market discipline. Currently bank in Malaysia is still follow the current accord issued in 1988, this Basel I has served as the international benchmark for capital adequacy assessment for banking institutions. Although this can achieved the desired results in terms of developing more well- capitalized banking institutions globally, however the rapidly change in the developments in financial market over the years, the existing accord may less effective. The new Basel Accord comprises three pillars. The first pillar provides a minimum capital measurement framework for credit and operational risks. In essence, the regulatory capital requirement is aligned more closely with the actual degree of underlying risk that the banking institution faces. It provides the capital measurement that has three options with different levels of complexities for both credit and operational risks to better reflect actual risk. The second pillar focuses on strengthening the supervisory process, particularly in assessing the quality of risk management in the banking institutions. The supervisory process aims to provide the mechanism to ensure that other risks such as concentration risks and market risks in the banking books being managed. Under such an environment, prudent lending such as that characterized by a high degree of portfolio diversification, could justify lower capital requirements. The third pillar specifies minimum disclosure requirements on capital adequacy to enhance market discipline. (Evidence from Bank Negara Malaysia, 2009) The adoption of the new accord is consistent with strengthening risk management capability. This not only can result in greater capital savings but the domestic banking system also can become more competitive and integrated with the global marketplace. However, Malaysia will adopt a two- phased approach for Basel II. Which mean that, the first phase will begin in January 2008 all the banks will adopt the standardized approach for credit risks and basic indicator approach for operational risk. The second phase will adopt by year 2010. IAS 30- Disclosures in the Financial Statements of Banks and Similar Financial Institutions The financial statements of banks and similar financial institutions are complying with all Financial Reporting Standards. According to Financial Reporting Standards, IAS 30 recognizes the uniqueness of bank and their different accounting and reporting needs. IAS 30 also encourages the presentation of a disclosure of a commentary on management and control of liquidity and risk. The objective of the IAS 30 is to prescribe appropriate presentation and disclosures for banks. The purpose of this is to provide users with appropriate information to assist them to evaluate the financial position and performance of banks and to enable them to obtain a better understanding of the special characteristics of operations of banks. Users of financial statement of banks will be interested in the liquidity and solvency and the risk related to the assets and liabilities recognized in the balance sheet including off balance sheet items. 4.0 Introduction The objective of this chapter is to describe the methodology to be used in conducting this study. This included the explanation on sample selected, data collection, method of analysis and hypothesis. 4.1 Sample Selected From the total number of twenty two licensed commercial banks in Malaysia only out of nine banks are locally own. Thus, only nine banks have been chosen as the sample size for this study. As this study only focus on risk management disclosure from Malaysia perspective. (Table 3) No. Name Local commercial bank Foreign commercial bank 1. Affin Bank Berhad x 2. Alliance Bank Malaysia Berhad x 3. AmBank (M) Berhad x 4. Bangkok Bank Berhad x 5. Bank of America Malaysia Berhad x 6. Bank of China (Malaysia) Berhad x 7. Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad x 8. CIMB Bank Berhad x 9. Citibank Berhad x 10. Deutsche Bank (Malaysia) Berhad x 11. EON Bank Berhad x 12. Hong Leong Bank Berhad x 13. HSBC Bank Malaysia Berhad x 14. J.P. Morgan Chase Bank Berhad x 15. Malayan Banking Berhad x 16. OCBC Bank (Malaysia) Berhad x 17. Public Bank Berhad x 18. RHB Bank Berhad x 19. Standard Chartered Bank Malaysia Berhad x 20. The Bank of Nova Scotia Berhad x 21. The Bank of Nova Scotia Berhad x 22. United Overseas Bank (Malaysia) Bhd. x Table 3: List of Licensed Commercial Banks in Malaysia (Evidence from Bank Negara Malaysia, 2009) 4.2.0 Data Collection 4.2.1 Source of Data Source of information can be generally categorised into 2 categories namely the primary and secondary data. Primary data come from the original source and are collected especially to answer the particular research question. The method of collecting primary data normally is through observation, questionnaires, and interview. In the other hand secondary data are collected from various sources such as thesis, journals from library and internet, government sources, textbooks and various articles that are related to this study. As for this study, secondary data will be used as the sources of information and data for analysis. Choosing annual reports to examine to what extent the banks disclosed their risk due to (1) the annual reports is the main source for the investors to make investment decision, (2) easier to make comparison among banks by study their annual reports, (3) annual reports also is the secondary data that can gather from internet. Thus, this method is very useful for the purpose of this study. 4.2.2 Data Collected Annual reports for every single bank as listed on the Table 4 will be used to analysis the information on risks disclosed by the banks in their financial statements. Bank Annual Report 2007 Annual Report 2008 Annual Report 2009 Affin Bank Berhad (under Affin Holding Group) X Alliance Bank Malaysia Berhad (under Alliance Group Berhad) AmBank (M) Berhad (under AMMB Holding Berhad) CIMB Bank Berhad (under Bumiputra-Commerce Holding Berhad) X EON Bank Berhad (under Eon Capital Berhad) X Hong Leong Bank Berhad Malayan Banking Berhad Public Bank Berhad RHB Bank Berhad X Total 9 9 5 Table 4: Number of Commercial Banks Annual Report that able to download from Bursa Malaysia as at February, 28 2010. In reference to Table 4 above, total nine banks annual reports were able to downloaded from Bursa Malaysia for the period between 2007 and 2008. However, as for year 2009 only five of these reports were available in Bursa Malaysias website. The other four banks annual reports were not able to obtained due to the banks financial year end date is on 31 December (i.e. their financial reports for the year ended 2009 are still in the process of being audited). These banks are Affin Bank, CIMB Bank, EON Bank and RHB Bank. Nonetheless, for Public Bank even though its financial year ends date is on 31 December, the banks annual report was available in Bursa Malaysias website due to the fact that the companys annual general meeting was scheduled to be held on March 2, 2010. Among the banks, they have difference financial year-end. For example, RHB Bank Berhad has their financial year-end on 31 Dec, while Malayan Banking Berhad has their financial year-end 30 Jun, and Alliance Bank Malaysia Berhad has their financial year ended 31 March. As so, for the purpose of this study, three years time period taken as the reasonableness time period for this study. In reference to Table 5, out of the total of nine local commercial banks, two banks having financial year-end on 31 March. Whilst another two banks having financial year- end 30 Jun and the rest having financial year- end on 31 December. Bank Financial year- end on 31 March Financial year-end on 30 Jun Financial year- end on 31 December Affin Bank Berhad Alliance Bank Malaysia Berhad AmBank (M) Berhad CIMB Bank Berhad EON Bank Berhad Hong Leong Bank Berhad Malayan Banking Berhad Public Bank Berhad RHB Bank Berhad Total 2 2 5 Table 5: Banks List with Year-end which differs. 4.2.3 Method of analysis (Analysis Technique) Information that was disclosed in the banks annual report can be qualitative (non financial) and quantitative (financial). Hue Hwa Au Yong (2005), point out that qualitative information consists of management objectives and strategies, discussion of risks and management method, while as for quantitative information consists of notional amount, market value data, risk weighted asset computation, gross current credit risk, and liquidity risk and others risks . For the purpose of this study, it is focuses on the qualitative part of annual reports, as Amran (2006), indicated that from an earlier study have shown that most of the disclosures are qualitative in nature and concentrated in the chairmans statement. Information to be disclosed is a matter of judgments. Hence, guideline from Financial Reporting Standards in Malaysia will take as guidance to examine the level of compliance among commercial banks in Malaysia. Descriptive analysis is use for this study. The bank annual report will downloaded from Bursa Malaysia website. To locate the a bank disclosure of risk, the Find option in Adobe PDF was used to search key word such as risk, credit risk, interest rate risk, liquidity risk, foreign risk and operation risk. Then I will seize the content of risk in a statement from the banks annual reports and study the type of risk they disclosure examine whether it is voluntary disclosure or mandatory disclosure. I believe that with used of take the content and put in a statement and examine the level of compliance, I will be able to gather accrual result from the study. 4.3 Hypothesis Hypothesis 1: H0 = Interest rate risk disclosure was favored as compared to credit risk. H1 = Interest rate risk disclosure and credit risk are equally disclose in banks financial statement. Hypothesis 2: H0 = The commercial banks disclosed both mandatory and voluntary risk information. H1 = The commercial banks disclosed only mandatory risk information. Hypothesis 3 H0 = All commercial banks in Malaysia disclosed financial risk management objectives and policies. H1 = Not all commercial banks in Malaysia disclosed financial risk management objectives and policies. Hypothesis 4: H0 = The commercial banks in Malaysia comply with Financial Reporting Standards in Malaysia. H1 = The commercial banks in Malaysia do not comply with Financial Reporting Standards in Malaysia. 4.4 Conclusion The risk management disclosure level categorize into few type of risk; credit risk, interest rate risk, foreign exchange risk, liquidity risk, and operating risk. Among those types of risks some banks disclosed in their annual reports while some of the banks do not disclose it. Out of twenty two commercial banks in Malaysia only nine banks have been chosen for this study, as this study only focused on risk management disclosed from Malaysia perspective. This project will be conduct by descriptive analysis, study the note to account that disclose in the annual reports for the banks, and to examine the level of compliance to FRS 132. Nevertheless, the study only focuses on the non- financial section or the narrative part of the annual report. 5.0 Introduction 5.1 Research question The purpose of this paper is to determine the extent of which commercial banks in Malaysia are providing risk management disclosure suggested under FRS 132. Research question 1: Which type of risk more likely to be disclosure by banks? Type of risk Number of company disclose (percent) Number of company do not disclose (percent) Total Operational risk Credit risk Liquidity Risk Market risk: Foreign Currency Exchange Risk Interest Rate Risk Equity Risk Research question 2: Do the commercial banks in Malaysia disclose financial risk management objectives and policies? Listed Bank (percent) Non Listed Bank(percent) Total Financial Risk management statement and policy Yes No Total Table 6: This table reports the number of banks providing financial risk management and policy Research question 3: Do commercial banks provided additional voluntary disclosure?

How to Write a Lighthouse Essay Topic

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An Example of Rubrics For Essay WritingIt can be a very difficult task to write an essay without knowing all the examples of rubrics for essay writing. However, once you have done it a few times you will know the importance of such type of writing and how much help they can offer.As soon as you start writing your paper, you should always keep in mind that the first step you take is to choose the question or topic for the essay. It should be clear to you what the purpose of the essay is supposed to be. You can look for some examples of rubrics for essay writing if you do not have any idea about how to go about it.When you are going through the examples of rubrics for essay writing, it is important to have a grasp of what is expected of you and what you need to know. If you do not have the basic knowledge of the question or topic, you will most likely end up with a mistake which might ruin your essay.It is also very important that you get the right perspective for the paper before you begin writing the paper. This would enable you to make the best out of the information that you can find in the examples of rubrics for essay writing.When you are going through the examples of rubrics for essay writing, you should know that some of them are best suited for some topics. Some examples are even meant for a specific kind of subject.Remember that when you are reviewing the examples of rubrics for essay writing, you should make sure that you know whether or not you have identified the particular example correctly. It would be an error to write an essay based on a specific example of rubrics for essay writing that could be wrong for the question or topic that you are writing about.You can learn more from the examples of rubrics for essay writing by watching other essays. You can get hold of some interesting videos online where you can see the same question or topic being answered by different people. From the examples, you will be able to come up with an idea of what you n eed to cover in your essay.

Get Your MBA Essay Sample Now

<h1>Get Your MBA Essay Sample Now</h1><p>With free MBA paper test, you can get what a MBA exposition is about. This exposition model will help you recorded as a hard copy a remarkable MBA confirmation article and make your affirmation test progressively successful. This won't just assistance you in getting a higher score yet will likewise set aside you cash in application fees.</p><p></p><p>But even with the increasing paces of MBA affirmations, you can in any case find numerous understudies who are yet to compose their confirmation paper. Thus, the schools are not just going to free article tests yet additionally are approaching more possibility to take an interest in the application procedure. More understudies will in the end be admitted to the course, given that there is a higher number of qualified competitors. You also can apply for this MBA affirmation on the off chance that you can meet the course's prerequisites.</p><p>&l t;/p><p>Among the online MBA paper tests that are offered to the applicants, the example gave by the school will be of more assistance in figuring an application. The decision of article group relies upon the school's necessities. Furthermore, the school is required to utilize paper models that were composed by one of its present understudies. The best option is to present an individual duplicate of your resume. In the meeting segment, the questioner will approach you for your confirmation expositions and you should simply to send the example to the school to be implemented.</p><p></p><p>The school that offers the free MBA paper test will dole out the article and anticipate that you should carefully record in more exertion the paper. You can see that regardless of whether there is no expense included, it despite everything gives you a great deal of favorable circumstances. It is a perfect chance to work on composing a decent article particularly in t he event that you are new to this type of study.</p><p></p><p>Once you have chosen the example that is reasonable for you, you should examine the example cautiously to check its syntax, accentuation, clearness, tone, and use. Itis significant that you don't hurry through perusing the example. As a matter of first importance, it is for the school and different contender to audit, so you should not show that you are not genuine about getting a MBA admission.</p><p></p><p>You ought to comprehend that the exposition is a report, which is to be investigated by the confirmations official. In this manner, on the off chance that you are not kidding about your MBA affirmation, you ought to dodge any linguistic blunders or consistent issues. You may even need to follow the coursework so as to clean your composing skills.</p><p></p><p>The last advance is auditing the exposition for rightness. It is likewise significant tha t you feature focuses that are basic to your application. Additionally, you should attempt to compose the article all alone however follow the syntax and structure. This is to stay away from botches that may happen during your paper review.</p><p></p><p>Once you have finished the application, you can demand the free MBA article test that will be sent to you when it has been prepared. With the guide and rules that the school has given you, you can get a higher score on your affirmations test. It is ideal to prepare your confirmation ahead of time to guarantee that you get into the school that will best accommodate your vocation goals.</p>

The Most Overlooked Answer for Ideas for Essay Topics on the Things They Carried

The Most Overlooked Answer for Ideas for Essay Topics on the Things They Carried You shouldn't talk about something that is a widespread certainty or for the most part acknowledged proclamation. It is basic that there's consistently a keep going idea over the long haul. Hence, you must be sure that the means bode well that one may follow without rehashing or skirting any of the means. These things can estrange somebody from all that they've at any point wanted. Carrying on with the phenomenal life and carrying on with an extraordinary life aren't the indistinguishable thing. Other than my card I have a few bills lying around in the event that I am placed in a situation where credit isn't acknowledged. There are various ways for a man to pick up from his get-away. Thusly, educators have an unmistakable thought regarding what an understudy gets it. Anyway capable and sure you're in your work. It doesn't give an entire image of the activity. Promoting and the media are currently almost indistinguishable from society for an entirety. Investigate the structure of the activity. In occurrences I have had energy for a particular subject, for another person, for a simple life or perhaps to make a muddled one. Give close consideration to everything electronic, and you will be sure to discover something begging to be proven wrong of what you see. Once in a while, there are different systems to play out the technique, and the author should take a gander at the crowd's information. In the event that an understudy needs not exclusively to have an excellent imprint yet additionally to be certain ends for oneself, at that point it is important to require some investment to peruse the first work. The Death of Ideas for Essay Topics on the Things They Carried The objective of a significant paper is to make evaluative abilities. School competitors should be paid 17. Perusing books which he was unable to peruse in working hours. Understudies may normally comprehend the structure with just a fast amount of guidance. Assembling and deals of bikes in different components of the Earth, particularly North America and Japan, have expanded during the last quarter. These vehicles are likewise called self-governing vehicles. Vehicles have become among the most basic qualities of the cutting edge life. Thoughts for Essay Topics on the Things They Carried: the Ultimate Convenience! The following segment is depicting the correct methods for composing a genuine war story. Analyze the devotion page of the novel and investigate how it's associated with the tales. Furthermore, this isn't the end of the story yet. Use a lot of models from the narratives to reinforce your point. The Basic Facts of Ideas for Essay Topics on the Things They Carried Essays on vehicles can pick the sort of an individual paper. Inquiring about the subject will allow you to discover progressively about what intrigues you, and should you pick something you genuinely like, composing the article will be increasingly charming. It's critical to choose far from being obviously true pugnacious a rticle subjects as you need contradicting focuses you can counter to your own focuses. Moral contentious exposition subjects are a couple of the least difficult to lose control with. Any significant paper should begin with a proposal. A theory should be clear and reasonable. The goal of a discourse paper is to talk about a questionable theme. Verify that you affirm the article models underneath to make sure about more wellsprings of thoughts! Thoughts for Essay Topics on the Things They Carried Explained An amazing arrangement is to include a couple of citations, measurable information or captivating realities which will assist with making the content additionally fascinating and snatch the peruser's advantage. The principal thought to remember while composing a proposition is that a postulation is probably going to make a contention. The absolute first territory of the sentence will be a needy statement, and the subsequent part will be the free proviso. At precisely the same time, it is important to carry the changes to ensure the dissemination of thoughts, and when modifying the article one sums up the procedure as a quick advance guide. Thoughts for Essay Topi cs on the Things They Carried Options Additionally, these papers cause it workable for understudies to create basic deduction abilities to move toward a wide scope of points. You don't need to open new inquiries. Conceptualize a few thoughts you may utilize. It very well may be trying to conclude a theme for your discourse at whatever point you have heaps of proposals to pick from.

Gre Term Paper Topics - How to Find Good Ones

Gre Term Paper Topics - How to Find Good OnesWhen it comes to the design of a business website, most people simply get stuck on the first few good free term paper topics. Before long, they stop spending time writing and instead spend more time researching the most current topics.For those who want to avoid this fate, I have some suggestions that will help you get started with your own research. This way, you can get some very good information without actually wasting time researching.Start by looking for online articles about companies in your industry. There are a lot of resources available, so be sure to find a lot of them. When you find a few to read, read them at least five times to really get an idea of what the topic is all about.The next step is to take ideas from your reading. Make sure that you take note of the ideas that are most helpful to you. These ideas can then be used as a basis for your own writing.Keep in mind that the ideas that you are keeping for your own persona l use should be kept as simple as possible. Do not take the process too seriously. Just write about things that are useful and make sense to you. You should always try to use your own personal experiences in your writings.Lastly, look for topics that you think may interest you but have not been written about yet. To do this, you can look for websites or articles that focus on your industry. Keep looking until you find one that has great ideas for your specific company or business.As you look for new ideas, do not waste any more of your own time trying to think of ways to research time. Instead, use the information you have found and start writing.By taking advantage of the resources available online, you can take part in finding new topics to write about. This way, you can make your own unique business website and make a living doing it.

Essay Basics Topics

<h1>Essay Basics Topics</h1><p>Essay fundamentals subjects are significant apparatuses recorded as a hard copy your paper. You need to be certain that you have secured everything that is required in your subject, however you would prefer not to compose your paper utilizing the article essentials themes as a crutch.</p><p></p><p>When you compose your first exposition, you will find that you need to invest energy making sense of what fundamental thoughts you have to cover. This is simply the most ideal approach to sort out before you start the creative cycle. You can generally change or add to the essential thoughts you choose on.</p><p></p><p>Once you have settled on fundamental thoughts for your paper, ensure you make a framework. In this article, I will give you a few distinct approaches to making an outline.</p><p></p><p>First, on the off chance that you don't have the foggiest idea where to s tart, a great spot to begin is with a straightforward, essential thought. Regardless of whether it is a point on history, a word you have heard, or something different, invest some energy pondering the topic. At the point when you have a thought as a top priority, make a rundown of the most noteworthy things that you should specify in your exposition. Ensure you list the most significant focuses, on the grounds that you will likely furnish your peruser with a careful comprehension of the topic.</p><p></p><p>Second, list down the entirety of the subjects that will be talked about. You need to be certain that your rundown covers the focuses that you need to examine in your article. By doing this, you will find that you will know precisely what to remember for your essay.</p><p></p><p>Third, you may locate that a significant point should be remembered for your paper. As a rule, this isn't exactly so self-evident, on the grounds that you a re utilizing exposition fundamentals points to control you in the conversation. Continuously ensure that you list down what should be done in your essay.</p><p></p><p>Finally, in the last piece of this article, I need to discuss the spots that you should adhere to when you are composing your exposition. Paper nuts and bolts subjects incorporate composing an outline, posting your focuses, composing an end, and the rundown goes on. These territories should all be shrouded in any exposition that you write.</p><p></p><p>Writing your article utilizing paper nuts and bolts points is an incredible method to start. It is not necessarily the case that you ought to consistently utilize these themes, yet you should comprehend what to do when you get stuck.</p>

How to Go Over Research Papers in Class

<h1>How to Go Over Research Papers in Class</h1><p>I've gotten notification from many understudies as of late who are battling with the exploration papers, the tests and other significant undertakings in class. I needed to impart to you how to go over research papers in class. The motivation behind the exploration papers in your group will to a great extent be dictated by the kinds of materials that you give in your course, and the workplace that you make. In any case, before I get into the various strategies to go over research papers in class, you have to consider the length of the task that you're responsible for, just as the reason for the course.</p><p></p><p>If you're doing a semester venture, you can experience the examination papers in class with the understudies simultaneously. For this situation, the understudies will be intrigued to see the idea of the examination that you have done. The shorter the task, the better, in light of th e fact that the understudies will figure out how to deal with your group material in their own way.</p><p></p><p>If you are accountable for an exploration venture, you can go over the materials in class and perceive how you are actualizing the thoughts and the class material in your own specific manner. These understudies might be taught and persevering, and your task will speak to the most significant material for them. They might be devoted and anxious to chip away at your venture, and in a shorter measure of time. The most significant part of the task is the cohesiveness that you can give them, as far as the venture. Along these lines, you should ensure that the substance and the association of the examination papers and tasks are explicit to your class.</p><p></p><p>Some of the understudies in your group might be excessively best in class in their scholarly interests to deal with your undertaking first and foremost. Notwithstanding , the purpose of your group is to instruct your understudies and educate them. Subsequently, you will need to be set up to go over the examination papers in class in a decent and quick way. Simply follow the procedure depicted here. You will see that you will improve the class work, just as with the class members.</p><p></p><p>You should have a gathering with the understudy responsible for the examination papers, so as to go over the materials in class. The person in question will be responsible for doing the exploration papers in class. This will be the individual accountable for deciding the material that will be utilized in the class. They will make the assurance about the understudy responsible for the exploration papers in class.</p><p></p><p>At the gathering, you will be anxious to go over the venture with the understudy accountable for the undertaking. You should ensure that you can give the understudies however much help as cou ld reasonably be expected. You will likewise need to solicit the understudy in control from the task how the class is advancing. It will take some time for the class to be finished, and you should give the understudies however much help as could reasonably be expected. It isn't fundamental for you to compose the venture on the off chance that you don't have the opportunity to do so.</p><p></p><p>Therefore, you can go over the task with the understudies and you will have a vastly improved presentation from the class work. In any case, you have to ensure that the task is a type of scholarly craftsmanship and not only an examination venture. The task will speak to the most significant showing undertaking, and you will have the option to give your understudies an a lot better quality of excellence.</p>