scholarly journals FENOMENA UNIVERSAL BANKING DITINJAU DARI PERSEPSI PELAKU SISTEM KEUANGAN INDONESIA

2007 ◽  
Vol 9 (2) ◽  
pp. 5-20
Author(s):  
Eugenia Mardanugraha ◽  
Muliaman D Hadad
Keyword(s):  
Financial Institution ◽  
Financial System ◽  
Universal Banking ◽  
Integration Process ◽  
Bank Regulator ◽  
Bank Institution ◽  
Universal Bank ◽  
Cooperative Coordination ◽  
And Control ◽  
Functional Process

The development of the financial system tends to move to a liberalized system where the geographical border vanished as well as the limitation on the function of the financial institution. The product intersection and similiarity across the bank, insurance and securiy gives the signal of the integration process into one multi-function financial institution, which in turn create a universal bank; a bank that run both bank and non-bank function.This tendency requires a stronger cooperative coordination between the bank and the non-bank regulator, yet the explicit forms of the relationships are not defined well. This papaer highlights this issue by analyzing and contrasting the perception about the bank and the non-bank institution. The aim of this paper is to provide a insight for the regulators of how to coordinate and control this unifying functional process between the bank and the non-bank institution in Indonesia.Keywords : universal banking, financial coordination, IndonesiaJEL Classification : E52, G21, G22, G28

The Threats of Ukraine Financial Security: Identification and Systemization

2019 ◽  
pp. 73-80
Author(s):  
Oleksandra Maslii ◽  
Andrii Maksymenko ◽  
Svitlana Onyshchenko
Keyword(s):  
Financial Stability ◽  
System Development ◽  
Financial System ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Monitoring And Control ◽  
Development Indicators ◽  
Security Indicators ◽  
And Control

Place of monitoring and control of risks of financial stability of the state in the system of ensuring financial security of the state was substantiated. Methods of identifying threats to Ukraine's financial security through the current and strategic analysis of financial system development indicators were considered. Tendencies of economic development of Ukraine in the context of revealing sources of threats to financial stability of the state were analyzed. Dynamic analysis of the actual values of the financial security indicators of Ukraine as a whole and its separate components had been carried out. Threats to Ukraine's financial security were identified based on comparative and trend analysis. Reasons for the critical state of debt, banking and monetary security in the financial structure and the preconditions for the emergence of systemic threats had been investigated. Systematization of risks and threats to Ukraine's financial security by its components had been carried out. Influence of systemic threats in the financial sphere on the economic security of the state was generalized. International experience of monitoring financial stability of the state was analyzed. Additional risks to the national financial system are associated with the globalization and digitization of the state financial system that are not taken into account by valid methodological recommendations for calculating the level of economic security of Ukraine were highlighted.

The Radical Change of French Firms’ Financial Characteristics. Macroeconomic Consequences and Lessons for Political Economics / Die französische Finanzrevolution. Die Folgen für die Finanzstruktur der Unternehmen

2001 ◽  
Vol 221 (5-6) ◽  
Author(s):  
Sylvie Cieply
Keyword(s):  
European Integration ◽  
Financial System ◽  
Financial Structure ◽  
Radical Change ◽  
Political Economics ◽  
Point Of View ◽  
Budget Deficits ◽  
Integration Process ◽  
Financial Characteristics

SummaryThe French financial system has undergone major changes in the last twenty years. Until the beginning of the eighties, the French financial system was a State credit based system. This system was overhauled in the mid eighties under the pressure of French budget deficits in the context of the European Integration process. The more visible consequence of this wave of reforms was the transformation of French firms’ financial structure and their relationships with banks. This article deals with this transformation. It elaborates on its consequences from a macroeconomic point of view and justifies new initiatives taken in France to promote the financing of small and medium sized enterprises.

Financial battle against climate change – assessing effectiveness using a scorecard

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Candauda Arachchige Saliya ◽  
Suesh Kumar Pandey
Keyword(s):  
Climate Change ◽  
Financial Risk ◽  
Financial System ◽  
Regulatory Agencies ◽  
Theoretical Frameworks ◽  
Content Type ◽  
Banking Regulations ◽  
And Control ◽  
The Impact ◽  
Practical Implications

Purpose This paper aims to investigate how and to what extent the Fijian sustainable banking regulations or guidelines are designed, communicated, implemented and monitored within the financial system in Fiji. A scorecard is introduced for this purpose to assess the effectiveness of Fiji’s financial battle against climate change (FBACC). Design/methodology/approach This study uses a mixed-method methodology. Data were collected mainly from a survey and supplemented by interviews, observations and documents. The scorecard was developed by building on existing two theoretical frameworks, namely, the Sustainable Banking Assessment and Climate Change Governance Index, to make them more appropriate and practically applicable to less developed financial systems in emerging economies such as Fiji. This FBACC scorecard consists of four perspectives, eight critical factors and 24 criteria. Findings The results show that the overall FBACC score averages 40.75%, and all the perspectives scored below 50%, the benchmark. Only the CF “policy” scored 54.25% because of a high positive response of 82.3% for the “political leadership” criterion. The relative contributions of each perspective in constructing the overall score are distributed as 28%, 25%, 24% and 23% among planning, action, accountability and control, respectively. Research limitations/implications These results were complemented by the information shared during the interviews and confirmed that the existing political initiatives need to be effectively communicated and/or implemented in the financial system by the regulatory agencies. Practical implications This FBACC scorecard can be applied to other underdeveloped systems in emerging countries to assess the effectiveness of the sustainable banking regulations and/or guidelines in those countries in relation to the FBACC. It can also be applied to individual firms to assess their contribution to the FBACC. Originality/value To the authors’ best knowledge, this might be the first study in Fiji that considers the impact of climate-related financial risk on the Fijian financial system.

scholarly journals THEORETICAL FUNDAMENTALS OF MANAGING THE ACTIVITY OF MOTOR TRANSPORT ENTERPRISES

2021 ◽  
Vol 26 (3(88)) ◽  
Author(s):  
Victoriia Boiko ◽  
Olha Skladanivska
Keyword(s):  
Performance Management ◽  
Strategy Implementation ◽  
External Factors ◽  
Enterprise Performance ◽  
Management Planning ◽  
Constant Control ◽  
Internal And External Factors ◽  
And Control ◽  
Quantitative Indicators ◽  
Functional Process

The main theoretical aspects of enterprise performance management are analyzed in the article. The scientific revisions of scientists which are devoted to the questions of effectiveness of enterprise have been analyzed and it has been revealed that there is certain ambiguousness of the approaches of scientists to the term «effectiveness» of activity and functioning of enterprises of market economy. The main approaches to this category are highlighted. The effectiveness is related to the result of a certain process and is determined as a success rate of desirable result achievement for the consumers of economic processes. The meaning of the concept of «effectiveness» of enterprises was clarified. Thus, the «effectiveness» of the enterprise - is the degree of achievement of goals in accordance with the requirements of stakeholders, taking into account external and internal conditions of operation. The essence of the notions of effectiveness of the enterprise's activity is the basis for the formation of a system of quantitative indicators for measuring this category. Internal and external factors that play different roles in its formation were considered. The concept of enterprise performance management as a basis for strategy implementation was substantiated and the types of strategy objectives were indicated. The content of enterprise performance management, which is based on the main functions of management: planning, organization, motivation and control has been clarified. The main approaches to enterprise performance management - functional, process, target and system were highlighted. The indicators that can be used to assess the effectiveness of the transport company was considered. The increasing the economic efficiency of any business entity plays a prominent role in its activities; therefore, there is a need for constant control and the search for ways of its growth.

Going Cloud for Agility: Beyond Financial, System, and Control Motives

2015 ◽  
Vol 12 (1) ◽  
pp. 153-167 ◽  
Author(s):  
Hui Du ◽  
Yu Cong
Keyword(s):  
Cloud Computing ◽  
Business Strategy ◽  
Financial System ◽  
Data Availability ◽  
It Outsourcing ◽  
Potential Benefits ◽  
And Control ◽  
Cloud Users ◽  
Unique Dataset

ABSTRACT Using a unique dataset obtained from cloud computing providers' websites, we study cloud computing from the cloud users' perspective. While cloud computing providers promise various benefits for companies to “go cloud,” whether user companies are motivated by the potential benefits is a different matter. Although existing IT outsourcing literature and the latest cloud computing research suggest financial, system, and control as three main motives for companies to go cloud, MIS literature and business strategy studies point out the agility of quick system deployment as another significant consideration. We examine these four categories of motives, along with more detailed key motives developed in each category. Our results indicate that companies are motivated by multifold benefits in all four aspects of agility, financial, system, and control. However, despite various benefits promised by cloud computing providers, from the cloud computing users' perspective, the agility of quick system deployment and saving on costs appear to be the two primary motives. Data Availability: Data are publicly available from the sources identified in the paper.

Flexible weighting of body-related effects in action production

2020 ◽  
Vol 73 (9) ◽  
pp. 1360-1367
Author(s):  
Guillaume Thébault ◽  
Roland Pfister ◽  
Arthur-Henri Michalland ◽  
Denis Brouillet
Keyword(s):  
Action Planning ◽  
Tactile Feedback ◽  
Common Mechanism ◽  
Action Representation ◽  
Loud Tone ◽  
Integration Process ◽  
Action Effects ◽  
Planning And Control ◽  
And Control ◽  
Weak Influence

A previous study on ideomotor action control showed that predictable action effects in the agent’s environment influenced how an action is carried out. If participants were required to perform a forceful keypress, they exerted more force when these actions would produce a quiet compared to a loud tone, and this observation suggests that anticipated proprioceptive and auditory action effects are integrated with each other during action planning and control. In light of the typically weak influence of body-related effect found in recent work, we aimed to extend this pattern of results to the intra-modal case of integrating proprioceptive/tactile feedback of a movement and following vibro-tactile effects. Our results suggest that the same weighted integration process as for the cross-modal case applies to the intra-modal case. These observations support the idea of a common mechanism which binds all action-related features in an integrated action representation, irrespective of whether these features relate to exafferent or reafferent signals.

Italian multinational banking in interwar east central Europe

2000 ◽  
Vol 7 (1) ◽  
pp. 45-66 ◽  
Author(s):  
LAURA STANCIU
Keyword(s):  
Financial Crisis ◽  
Central Europe ◽  
Banking System ◽  
Investment Decisions ◽  
Universal Banking ◽  
East Central Europe ◽  
East Central ◽  
Universal Bank ◽  
Per Se ◽  
Multinational Banking

Laura Stanciu, Italian multinational banking in interwar east central EuropeThis article examines the interwar development of multinational investment undertaken by the most prominent Italian universal bank — Banca Commerciale Italiana — in Bulgaria, Hungary, Poland and Romania, referred to here as east central Europe. It analyses the extent to which considerations concerning universal banking's development are valid in the case of Italian multinational investment in this region. The article is neither a study of the 1930s financial crisis nor an analysis of the Italian universal banking per se. Instead, it questions the implicit relationship between the fate of the activities of Banca Commerciale Italiana in east central Europe and the general problems of the universal banking system during the early 1930s. Evidence seems to suggest that the bank's withdrawal from the region, beginning in the late 1920s, was more a result of managerial shortcomings and unsound investment decisions than the crisis.

scholarly journals Mitigating Systemic Spillovers from Currency Hedging

2012 ◽  
Vol 221 ◽  
pp. R44-R56 ◽  
Author(s):  
Kyuil Chung ◽  
Hail Park ◽  
Hyun Song Shin
Keyword(s):  
Currency Crises ◽  
Banking Sector ◽  
Foreign Currency ◽  
Financial Institution ◽  
Financial System ◽  
Public Institution ◽  
Main Role ◽  
Short Term ◽  
Currency Hedging ◽  
Dollar Debt

Korea has been a forerunner in incorporating macroprudential policies to mitigate the vulnerabilities from currency crises that can turn into a more generalised liquidity crisis. This paper examines longer-term design issues for a more resilient and stable financial system that could be expected to complement the existing macroprudential measures in achieving a more stable financial system. In particular, the paper examines the rationale and mechanics of a new public financial institution, provisionally called the Exchange Stabilisation and Guarantee Corporation (ESGC) whose main role is to buy dollar forward positions from Korean exporting companies who wish to hedge the currency exposure from long-term export orders. The ESGC is intended to mitigate the risks arising from the reliance on the role of the banking sector in providing currency hedging services to exporters. Rapid growth of short-term foreign currency denominated debt has been the result of banks receiving forward dollar sales by exporters, and then hedging the long dollar position by borrowing short in dollars. A public institution that can buy dollars forward, but which is designed so that there is no need to hedge by taking short dollar debt, can mitigate the rapid increase in short-term dollar debt in booms.

scholarly journals OTORITAS JASA KEUANGAN: SISTEM BARU DALAM PENGATURAN DAN PENGAWASAN SEKTOR JASA KEUANGAN

2012 ◽  
Vol 12 (3) ◽  
Author(s):  
HestyD Lestari
Keyword(s):  
Key Words ◽  
Capital Market ◽  
Financial Services ◽  
Pension Fund ◽  
Financial Institution ◽  
Financial System ◽  
Financial Services Industry ◽  
Banking Supervision ◽  
Market Insurance ◽  
The Stability

A new institution has been created by Act Number 21 of 2011 regarding the Financial Services Authority (Otoritas Jasa Keuangan/OJK). The new institution, also named OJK, has the function of conducting an integrated regulatory and supervisory sistem for the whole activities in the financial services industry. It takes over the function of the Bank of Indonesia in banking supervision and the function of the Capital Market and Financial Institution Supervisory Agency in supervising capital market, insurance, pension fund, and other financial services. OJK is responsible for maintaining the stability of the Indonesian financial system. Key words: FSA, financial system, banking supervision

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