Risk Management in Korean Financial Institutions: Ten Years after the Financial Crisis

2008 ◽  
Author(s):  
Kun-Ho Lee
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Financial Institutions

scholarly journals Risk Management Disclosure In Malaysian Islamic Financial Institutions: Pre- And Post-Financial Crisis

2013 ◽  
Vol 29 (2) ◽  
pp. 419 ◽  
Author(s):  
Rosnadzirah Ismail ◽  
Rashidah Abdul Rahman ◽  
Normah Ahmad
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Islamic Law ◽  
Global Financial Crisis ◽  
Emerging Market ◽  
Risk Disclosure ◽  
Font Size ◽  
Islamic Financial Institutions ◽  
The Global Financial Crisis

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none; mso-hyphenate: none;" class="MsoNormal"><span style="font-family: Times New Roman;"><span lang="EN-GB" style="color: black; font-size: 10pt; mso-ansi-language: EN-GB; mso-fareast-language: AR-SA; mso-themecolor: text1;">The East Asian financial crisis in 1997 and later the global financial crisis in 2007 and 2008 had a big impact on the corporate world as many companies and financial institutions collapsed during that period.<span style="mso-spacerun: yes;"> </span>Poor governance systems and lack of transparency in reporting including lack of risk reporting and disclosure were blamed as the roots of the problem.<span style="mso-spacerun: yes;"> </span></span><span style="color: black; font-size: 10pt; mso-fareast-language: AR-SA; mso-themecolor: text1;">Conventional financial institutions have widely practiced risk management within their organization, but it is still under-developed in Islamic financial institutions due to new emerging market and unique business structures which are based on Shariah or Islamic law.<span style="mso-spacerun: yes;"> </span>Therefore, t</span><span lang="EN-GB" style="color: black; font-size: 10pt; mso-ansi-language: EN-GB; mso-fareast-language: AR-SA; mso-themecolor: text1;">his study examined the risk management disclosure by all 17 Islamic financial institutions in Malaysia from 2006 to 2009, covering the period before, during, and after the global financial crisis.<span style="mso-spacerun: yes;"> </span>A disclosure checklist consists of mandatory and voluntary items developed to measure the level of risk disclosure.<span style="mso-spacerun: yes;"> </span>The descriptive result shows the risk management disclosure among the Islamic Financial Institutions was satisfactory.<span style="mso-spacerun: yes;"> </span>Analysis for a four year period revealed that the risk disclosure has greatly improved before and after crisis indicating that Islamic Financial Institutions have taken the necessary steps to improve their disclosure.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

scholarly journals THE SIGNIFICANCE OF RISK MANAGEMENT FOR BANKS AND OTHER FINANCIAL INSTITUTIONS

2016 ◽  
Vol 4 (4) ◽  
pp. 74-81
Author(s):  
Roya Safari ◽  
Mahboubeh Shateri ◽  
Hamid ShateriBaghiabadi ◽  
Noosha Hozhabrnejad
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Literature Review ◽  
Financial Institutions ◽  
Rapid Growth ◽  
Global Financial Crisis ◽  
Key Factors ◽  
Financial Industry ◽  
Management Reform ◽  
Risk Management System

Risk management is an area that is experiencing rapid growth and it entails many and various perspectives and views of factors that are involved, how they are conducted and their uses. As a consequence of global financial crisis, regulators and financial industry leaders agree on the need for a comprehensive risk management reform in the financial field. Even though solutions may differ, most agree that the lack of an appropriate risk management system was one of the key factors in causing the financial crisis. This paper provides a literature review on sound risk management governance for banks and other financial institutions.

Part IX Legal and Conduct Risk Management, 30 Lawyers’ Responsibility for the Management of Legal and Conduct Risk

2018 ◽  
Author(s):  
Mccormick Roger ◽  
Stears Chris
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Financial Markets ◽  
Financial Institutions ◽  
Regulatory Regime ◽  
Legal Risk ◽  
Management Techniques ◽  
Recent Financial Crisis

The importance of managing legal risk effectively has increased following the recent financial crisis. As the modern regulatory regime for financial markets (global and domestic) continues to evolve, legal risk management techniques must evolve with it. The pressure to attach more importance to ethics and culture within financial institutions will also have an effect on how lawyers do their job. Rightly or wrongly, the responsibility for checking that proper governance principles are observed is bound to fall on their shoulders to some extent. This chapter discusses the role of lawyers and the legal department in legal risk management, opinions and similar documents, document retention, and clarity of lawyer roles.

Do disclosure and transparency affect bank’s financial performance?

2019 ◽  
Vol 19 (6) ◽  
pp. 1344-1361
Author(s):  
Isaiah Oino
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Financial Performance ◽  
Financial Institutions ◽  
Content Type ◽  
Loan Portfolios ◽  
Cent Level ◽  
Transparency And Disclosure ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of transparency and disclosure on the financial performance of financial institutions. The emphasis is on assessing transparency and disclosure; auditing and compliance; risk management as indicators of corporate governance; and understanding how these parameters affect bank profitability, liquidity and the quality of loan portfolios. Design/methodology/approach A sample of 20 financial institutions was selected, with ten respondents from each, yielding a total sample size of 200. Principal component analysis (PCA), with inbuilt ability to check for composite reliability, was used to obtain composite indices for the corporate governance indicators as well as the indicators of financial performance, based on a set of questions framed for each institution. Findings The analysis demonstrates that greater disclosure and transparency, improved auditing and compliance and better risk management positively affect the financial performance of financial institutions. In terms of significance, the results show that as the level of disclosure and transparency in managerial affairs increases, the performance of financial institutions – as measured in terms of the quality of loan portfolios, liquidity and profitability – increases by 0.3046, with the effect being statistically significant at the 1 per cent level. Furthermore, as the level of auditing and the degree of compliance with banking regulations increases, the financial performance of banks improves by 0.3309. Research limitations/implications This paper did not consider time series because corporate governance does not change periodically. Practical implications This paper demonstrates the importance of disclosure and transparency in managerial affairs because the performance of financial institutions, as measured in terms of loan portfolios, liquidity and profitability, increases by 0.4 when transparency and disclosure improve, with this effect being statistically significant at the 1 per cent level. Originality/value The use of primary data in assessing the impact of corporate governance on financial performance, instead of secondary data, is the primary novelty of this study. Moreover, PCA is used to assess the weight of the various parameters.

Operational risk management in financial institutions: Process assessment in concordance with Basel II

2007 ◽  
Vol 12 (4) ◽  
pp. 321-330 ◽  
Author(s):  
B. Di Renzo ◽  
M. Hillairet ◽  
M. Picard ◽  
A. Rifaut ◽  
C. Bernard ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Institutions ◽  
Operational Risk ◽  
Basel Ii ◽  
Process Assessment ◽  
Operational Risk Management
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