WHAT CAN LEAD TO A CRIMINAL INTEREST RATE? April 27, 2016: Section 347(2) of the Criminal Code defines a criminal rate of interest as an effective annual rate of interest, calculated in accordance with generally accepted actuarial practices and principles, exceeding 60% of the credit advanced.Interest is defined to include all charges and expenses Read More
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Pierre Etienne Banville Actuarial Evidence
ACTUARIAL EVIDENCE IN MARRIAGE BREAKDOWNS… WHEN IS IT NEEDED? February 12, 2016: Actuaries can calculate the capitalized value of pension plan promises accrued during a marriage, facilitating the asset splitting in certain cases. When it comes down to dividing assets, people often think first about their home, savings and investment accounts. However, if one Read More
Pierre Etienne Banville Actuarial Evidence
WHEN DO LAWYERS NEED AN ACTUARY? February 5, 2016: Actuaries are experts in calculations involving time value of money and uncertain events in virtue of their financial and mathematical knowledge. Marriage breakdowns, personal injury, fatality and estate cases for example may require the help of an actuary.In cases of marriage breakdowns, when one or Read More
Pierre Etienne Banville Risk Management
CREDIT RISK MANAGEMENT FOR MICROFINANCE INSTITUTIONS December 17, 2015: Credit risk management is a key part of the overall risk management for microfinance institutions. That risk is often managed by offering group lending products where members of the group keep each other accountable for payment. Should one member not be able to make his Read More
Pierre Etienne Banville Risk Management
WHY RISK MANAGEMENT IS IMPORTANT TO YOU November 13, 2015: Risk Management is a process that enables you to cope with uncertainty by taking proactive measures to protect your assets, resources and reputation. As organizations face more scrutiny, risk management is emerging as an integral part of the governance process.What Risks Are You Facing?As Read More