His report says there is "no appetite or good reason to change the basic approach underlying British military campaign medals policy", which is that they "should be awarded sparingly, on the basis of genuine risk and rigour".
The process stops at the point where all assets, on a maturity- and risk-adjusted basis, are priced to achieve probable returns near zero.
This method outperforms active fund selection by over one percent per year, and a disciplined rebalancing strategy generates returns that have outperformed the markets nominally and on a risk adjusted basis.
But as of late the gold and silver markets have opted to trade on a daily basis more like their raw commodity counterparts and be more of a risk asset.
He added that applications will be considered "on a case by case basis and only where collection would pose a risk to the health and safety of the personnel carrying out the collection".
Spokesman Darren Dopp noted that the dropped charges were wholly unrelated to, and less serious than, the core charge of fraud that it had filed against Greenberg and Smith, mainly on the basis of risk transfer transactions with General Reinsurance , or GenRe, that allegedly misstated AIG's financial health to its shareholders.
Such a risk assessment is the basis of buy-and-hold advice that urges investors with medium or long time horizons to load up on U.S. stocks.
On the basis that there's a link between confidence and risk-taking, a speeding index, also because people are in a greater hurry when there's business to be done.
And if you look at returns on a risk-adjusted basis, as some converts to the cause now urge, it may even be a more profitable one than before.
Credit-rating agencies should be reformed, incentives for excessive risk-taking reduced and bankers' bonuses paid on the basis of long-term performance.
Rather than adding to their risk architectures on a regular basis, some are withdrawing from certain activities and have consolidated to a degree.
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The report said these should be delivered by lenders and house builders working together in the private sector, but the government could step in and share some of the risk if it could not happen on a purely commercial basis.
More sophisticated banks have been developing their own credit-risk models for this, and pushing for regulators to accept them as a basis for capital standards.
Justice Secretary Chris Grayling recently unveiled a shake-up of probation services, which will see lower-risk offenders supervised by private firms and charities on a payment-by-results basis.
The price of gas must rise to a level where it is profitable and companies can make a return on their invested capital on a cash flow basis to be willing to assume the risk to exploit these resources.
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