商業(yè)銀行風(fēng)險管理—畢業(yè)論文外文及翻譯-展示頁
2024-09-25 10:45本頁面
【正文】 gement。s vulnerability to financial risk, the Wharton Financial Institutions Center, with the support of the Sloan Foundation, has been involved in an analysis of financial risk management processes in the financial sector. Through the past academic year, onsite visits were conducted to review and evaluate the risk management systems and the process of risk evaluation that is in place. In the banking sector, system evaluation was conducted covering many of North America39。 外文文獻(xiàn)： Commercial Bank Risk Management: An Analysis of the Process Abstract Throughout the past year, onsite visits to financial service firms were conducted to review and evaluate their financial risk management systems. The mercial banking analysis covered a number of North American superregionals and quasi177。money center institutions as well as several firms outside the . The information obtained covered both the philosophy and practice of financial risk management. This article outlines the results of this investigation. It reports the state of risk management techniques in the industry. It reports the standard of practice and evaluates how and why it is conducted in the particular way chosen. In addition, critiques are offered where appropriate. We discuss the problems which the industry finds most difficult to address, shortings of the current methodology used to analyze risk, and the elements that are missing in the current procedures of risk management. 1. Introduction The past decade has seen dramatic losses in the banking industry. Firms that had been performing well suddenly announced large losses due to credit exposures that turned sour, interest rate positions taken, or derivative exposures that may or may not have been assumed to hedge balance sheet risk. In response to this, mercial banks have almost universally embarked upon an upgrading of their risk management and control systems. Coincidental to this activity, and in part because of our recognition of the industry39。s superregionals and quasi177。 2 private and public placements through ``bestefforts39。 or facilitating contracts。 4 the packaging, securitizing, distributing, and servicing of loans in the areas of consumer and real estate debt primarily. These items are absent from the traditional financial statement because the latter rely on generally accepted accounting procedures rather than a true economic balance sheet. Noheless,the overwhelming majority of the risks facing the banking firm are onbalancesheet businesses. It is in this area that the discussion of risk management and of the necessary procedures for risk management and control has centered. Accordingly, it is here that our review of risk management procedures will concentrate. 3. What kinds of risks are being absorbed? The risks contained in the bank39。 in others, it will shift the risk to other parties through a bination of pricing and product design. The banking industry recognizes that an institution need not engage in business in amanner that unnecessarily imposes risk upon it。s array of services. Elsewhere Oldfield and Santomero, 1997 it has been argued that risks facing all financial institutions can be segmented into three separable types, from a management perspective. These are: 1. risks that can be eliminated or avoided by simple business practices。 3. risks that must be actively managed at the firm level. In the first of these cases, the practice of risk avoidance involves actions to reduce the chances of idiosyncrati
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