金融网络电源安全港(二)

金融系统实现电子化的基础之一便是建立无处不在的金融网络,否则电子交易、信用卡支付和国际结算等现代金融手段便无法实现。从网络结构看,金融网络的特点是终端客户分布广泛,数据存储相对集中。金融网络的终端客户系统包括:银行柜台 PC、POS 系统、户内和户外的 ATM自动柜员机以及用于操作和控制金融系统的功能性 PC 和工作站。这些终端系统几乎负责全部的客户服务和系统控制,对于金融系统的客户服务质量和整个     

区域金融主干网建设的实践与思考

最近,在各方面共同努力下,人民银行海南省分行完成了金融网络的设计和网络系统主干部分的建设。该网络作为人行系统业务处理及信息管理的主干道和全省金融系统网络的主干,随着网络建设的不断完善和各个应用系统的逐步上网使用,在人行系统乃至全省金融系统的业务发展和...     

为建设一支适应新形势要求的金融队伍而努力奋斗——陈慕华同志在全国金融系统先进集体、劳动模范表彰大会上的讲话(摘要)

全国金融系统先进集体、劳动模范表彰大会是全国金融系统的一次群英盛会。召开这样一次会议,对于加强金融队伍建设,推进金融体制改革和金融事业的发展,都将具有重要的现实     

网络时代基层央行科技工作的发展

一、引言 金融科技工作由20世纪80年代单机处理发展到今天运用先进的网络技术对核心业务系统、资金清算系统、管理分析系统(MIS)、电子邮件系统、公文传输系统、网络防病毒系统、电视会议系统和城市金融网络系统等进行科学整合,形成了一个复合型的网络金融计算机信息系统.     

透析我国反洗钱现状与开放式金融监管网络的构建--对新形势下中国反洗钱工作的再认识与思考

我国反洗钱体系建设虽只有短短两年左右时间，在国务院的直接领导和各部门的共同努力下，很多方面都取得了积极进展。本文在透析我国现阶段反洗钱工作成效以及监管薄弱等现实问题的基础上，提出构建联合金融监管系统——即“开放式反洗钱金融监管网络”的构想。它涵盖金融、司法、海关等部门，包括洗钱行为涉及的各个环节、部门甚至相关的社会公众，是一个以金融网络为主要依托，全社会共同参与、综合治理的开放式监管网络。     

IT快讯

艾默生网络能源推出一体化解决方案艾默生网络能源一体化解决方案在2003年金融展上展出,全方位地展示了艾默生金融系统网络能源的一体化解决方案。本次展会艾默生展出了由1-800KVA 全系列 UPS 产品、机房专用精密空调、自动切换系统、浪涌抑制器、蓄电池、精密配电柜、动力设备及环境监控系统等产品组成的金融系统网络能源一体化解决方案。特别是艾默生针对金融网络机房无人值守需求推出的动力环境和图像监控系统更是成了本次展会的焦点。     

试论互联网金融企业的P2P网贷会计处理

网络借贷是在网络技术高速发展下诞生的全新借贷模式,它以银行借贷现实条件为实现前提,借贷者与借款人可直接通过网络凭条在网络中进行线上交易,达到资金融通的目的。本文基于这种借贷模式,深入探讨传统金融会计在互联网金融环境下所受影响,再以此总结互联网金融企业P2P网贷会计处理。     

上海市邮政金融网二期工程设计方案

工程背景 邮政金融网是邮政系统利用其完善的邮政网络机构建立的一套覆盖面极广的金融系统,对外提供全国联网城市的通存通兑、绿卡、电汇、电子转帐等相关业务。邮政金融网络是邮政金融系统的基础设施,为邮政金融业务提供服务保障,该网络的稳定性、可靠性、安全性和覆盖范围直接关系到邮政金融系统的成败与否。因此,关注邮政金融网络的建设,发展邮政金融业务是各地邮政系统的不懈追求。     

建设银行个人电子汇款系统二期优化工程面临的挑战与对策

文章从制度创新、管理创新和技术创新的高度,在深入地分析了建设银行个人电子汇款系统二期优化工程的实现目标、面临的挑战与机遇的基础上,系统地阐述了将要采取的对策。这不仅对建设银行个人电子汇款系统二期开发具有现实的指导意义,而且对其它金融网络新品的开发与推广应用具有重要的借鉴意义。     

金融互联网络系统的设计与实现

金融互联网络系统的设计与实现人民银行湖南省分行科技处候加林，易昌善，熊立群一、概述根据《中国国家金融网络区域建设规范》和人民银行总行“以支付系统为中心，金融网络建设为重点，改进电子联行和同城资金结算系统，加快各项业务处理和金融管理信息系统的建设”的金...     

Bayesian Premium Rating with Latent Structure

We propose a fully Bayesian approach to non-life risk premium rating, based on hierarchical models with latent variables for both claim frequency and claim size. Inference is based on the joint posterior distribution and is performed by Markov Chain Monte Carlo. Rather than plug-in point estimates of all unknown parameters, we take into account all sources of uncertainty simultaneously when the model is used to predict claims and estimate risk premiums. Several models are fitted to both a simulated dataset and a small portfolio regarding theft from cars. We show that interaction among latent variables can improve predictions significantly. We also investigate when interaction is not necessary. We compare our results with those obtained under a standard generalized linear model and show through numerical simulation that geographically located and spatially interacting latent variables can successfully compensate for missing covariates. However, when applied to the real portfolio data, the proposed models are not better than standard models due to the lack of spatial structure in the data.     

The development of the group accounts disclosure system in Japan

The Japanese disclosure system of consolidated statements was introduced in 1977 and extensively revised in 1997. The role of the bureaucracy has been significant in these developments and seems to be part of Japan's closed culture. However, other explanations could also be applied. In particular, although Japanese firms opposed such disclosures on the basis of preparation costs, the Japanese government had to modernize the disclosure system, including consolidation, in order to develop the securities market regardless of an individual company's interests.     

Moments of Compound Mixed Poisson Distributions

Recursive formulae are derived for the evaluation of the moments and the descending factorial moments about a point n of mixed Poisson and compound mixed Poisson distributions, in the case where the derivative of the logarithm of the mixing density can be written as a ratio of polynomials. As byproduct, we also obtain recursive formulae for the evaluation of the moments about the origin, central moments, descending and ascending factorial moments of these distributions. Examples are also presented for a number of mixing densities.     

The designing of corporate accounting law in Japan after the Second World War

After the Second World War, during the neutralization of the controlled economy of wartime Japan, a design for a Corporate Accounting Law was elaborated by the Investigation Committee on the Business Accounting System. The Investigation Committee tried to establish not only new business accounting standards but also a central and independent administrative organ of corporate accounting regulation on the basis of the Corporate Accounting Law. The Corporate Accounting Law was expected to lay the legal foundation of the new corporate accounting regulation regime in Japan. Nevertheless, even though the original design of the fundamental accounting law was never realized, it should be considered the starting point for our understanding of external accounting history in post-war Japan.     

Disclosure of government financial information and the cost of local government’s debt financing——Empirical evidence from provincial investment bonds for urban construction

China’s slowing economic growth and rapid urbanization have made local government debt financing a significant issue.This study uses a sample of China’s provinc...     

The deliberation around accounting techniques: accounting for depreciation and foreign exchange in an Indian jute company, 1870-1900

This paper examines the way two accounting techniques, namely depreciation and foreign exchange, were deliberated on, between 1870 and 1900, in an Indian jute company whose shareholders resided in the UK. The arena for these deliberations was the conflictual relationship between controlling and non-controlling shareholders as to how best to account for depreciation and foreign exchange especially when the particular accountings affected distributional issues such as the dividend decision. The purpose of this paper is to analyse and explain the processes by which a company's accounting practices emerge and develop as a contest between different interests. Accounting framed the parameters of the deliberations and provided the language of power and dissent. The paper uses a rich archive that includes narrative and accounting material.     

Short-sale refinancing and price adjustment speed to bad news: Evidence from a quasi-natural experiment in China

Short selling may accelerate stock price adjustment to negative news. However, the literature provides mixed evidence for this prediction. Using short-sale refinancing and a staggered difference-in-differences (DID) model, this paper explores the effect of short selling on stock price adjustment. Our results show that (1) short-sale refinancing improves the speed of stock price adjustment to negative news. This result holds after we control for endogeneity. (2) The positive relationship between short-sale refinancing and stock price adjustment speed is significant in subsamples of stocks with higher earnings management or lower accuracy of analyst forecasts, indicating that firms with more opaque information are more likely to be targeted by short sellers. In subsamples of stocks with a higher ownership concentration or lower ownership by institutional investors, short selling is more likely to increase the speed of stock price adjustment, indicating that ownership structure may influence negative news mining. (3) As short-sale refinancing exacerbates the absorption of bad news by stock prices, it increases crash risk. This study enriches the research on the economic consequences of short selling and provides empirical evidence supporting regulations on short selling in China.     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

【正】The China Journal of Accounting Research"CJAR"(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditing ...     

Pricing Dynamic Insurance Risks Using the Principle of Equivalent Utility

We introduce an expected utility approach to price insurance risks in a dynamic financial market setting. The valuation method is based on comparing the maximal expected utility functions with and without incorporating the insurance product, as in the classical principle of equivalent utility. The pricing mechanism relies heavily on risk preferences and yields two reservation prices - one each for the underwriter and buyer of the contract. The framework is rather general and applies to a number of applications that we extensively analyze.