scholarly journals ADB's Distinguished Speakers Program Measuring the Connectedness of the Financial System: Implications for Risk Management

2014 ◽  
Vol 31 (1) ◽  
pp. 186-210
Author(s):  
Robert C. Merton
Keyword(s):  
Risk Management ◽  
Financial System

scholarly journals Környezeti kockázatok felmérése. Paraméterek bizonytalanságának hatása a kockázatkezelési döntéshozatalra = Assessment of environmental risks – effects of parameter uncertainty to the risk management decisions

2009 ◽  
pp. 10-18
Author(s):  
Dániel Homolya
Keyword(s):  
Risk Management ◽  
Parameter Uncertainty ◽  
Financial System ◽  
Environmental Risks ◽  
Management Decisions ◽  
Short Overview ◽  
Effect Measure ◽  
Similarities And Differences ◽  
Definition Of ◽  
Management Alternatives

A környezeti kockázatok megfelelő felmérése és kezelése napjaink egyik legfontosabb kérdése, nemcsak a szakmai, hanem a széles értelemben vett közvélemény számára. A szerző cikkében azt vizsgálja, hogy a környezeti kockázatok felmérésének milyen megközelítései vannak. Kulcskérdésként pedig arra koncentrál, hogy a kockázatkezelési döntéseket hogyan befolyásolja a becslések bizonytalansága. Először a környezeti kockázat definícióját adja meg, majd azt mutatja be, hogy a környezeti kockázatok kezelésére vonatkozó megközelítések milyen párhuzamban állnak a pénzügyi rendszerrel, mint komplex rendszerre vonatkozó megközelítésekkel. Végül a jelenleg legnagyobb kockázatoknak tartott környezeti kockázatokat ismerteti röviden. A cikk második részében kockázatkezelési alternatívákat mutat be, és azt, hogy a kockázatkezelési lépések kiválasztását befolyásolja a bizonytalanság. Ezt illusztrálandó Brouwer-Blois (2008) modelljét használva a soklépéses szimulációt és alternatív döntési kritériumot – a kritikus (extrém) költség-hatás mutatót – alkalmazza. _____________ Adequate assessment and management of environmental risks is a key question nowadays also for professional experts and also for the overall public. In this article the author examines the different approaches concerning environmental risks. He concentrates as a key question the influence on risk management decisions of uncertainties raised by our estimations. First he analyses the definition of environmental risks, and he shows the similarities and differences between approaches concerning environmental risks and risks threatening financial system, and finally he gives short overview on the most current environmental risks. In the second part of the paper he presents risk management alternatives and analyses the influential power of uncertainty on risk management decisions. In order to illustrate this phenomenon the author applies the model of Brouwer-Blois (2008) with multistep simulation and an alternative decisive criterion, the ranking based on critical (extreme) cost to effect measure.

scholarly journals Bank risk management in the conditions of financial system instability

2020 ◽  
Vol 7 (4) ◽  
pp. 3269-3285
Author(s):  
Karlygash Kazbekova ◽  
Ainagul Adambekova ◽  
Sariya Baimukhanova ◽  
Gulzhihan Kenges ◽  
Daurenbek Bokhaev
Keyword(s):  
Risk Management ◽  
Financial System ◽  
Bank Risk

To Remember or Forget?

2021 ◽  
pp. 105-130
Author(s):  
Mats Larsson ◽  
Kristina Lilja
Keyword(s):  
Twentieth Century ◽  
Risk Management ◽  
Financial Crisis ◽  
Central Bank ◽  
Financial Crises ◽  
Commercial Banks ◽  
Financial System ◽  
Business Strategies ◽  
Financial Problems ◽  
Governmental Control

Since the early twentieth century, the Swedish financial system has experienced five major financial crises—both domestic and internationally generated. With three crises within 25 years, the use of memories from previous financial problems seems a little far-fetched. But so far this has not explicitly been analysed. However, with sources from official investigations, material from the Swedish central bank (the Riksbank) as well as memos from the Bank Inspection Board and larger commercial banks, it would be possible to reconstruct how experiences from earlier financial crises influenced banks risk management and business strategies. During the financial crisis of the 1990s the lack of memories from the 1920s and 1930s was noticed. It was said that knowledge of risk management had been reduced during 60 years of governmental control. This chapter explores this loss of memory using archives and interviews.

scholarly journals Risks Faced by Islamic Banks: A Study on the Compliance Between Theory and Practice

2019 ◽  
Vol 10 (2) ◽  
pp. 137
Author(s):  
Salma Rhanoui ◽  
Khalid Belkhoutout
Keyword(s):  
Risk Management ◽  
Financial System ◽  
Qualitative Approach ◽  
Theory And Practice ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Conventional Banks ◽  
Methods Of Operation ◽  
Global Financial System

Risk management is an active field where applications are reconsidered after each obstacle. Islamic banks are not excluded from this rule, particularly when they operate in a global financial system, in which they are occasionally forced to follow conventional banking rules. Nevertheless, Islamic banks are part of a less-advanced industry and face many challenges when handling risk. In theory, Islamic banks are confronted with two categories of risk: common risks, which are similar to the risks faced by conventional banks and risks specific to Islamic banks, due to their specificities and methods of operation. However, practice does not necessarily reflect this dichotomy. Therefore, the purpose of this paper is to make a compliance study between the theory and practice of Islamic banking risks. More precisely, it will compare all the risks fully recognized by the theory to the risks that are actually managed by the Islamic banks in their activities, using a sample of these institutions. The results of this qualitative approach, demonstrate that practice can be quite different from theory.

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