Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms … develop risk management rules, define capital level based on economic capital (instead of required capital) and develop … corrective measures to firm wide risk managament problems, before regulators. In this article, the authors analyse whether self …

conditional independence. The paper gives a taxonomy of issues of confounding, a parameterization by risk or safety, and develops …

tendency is still going on in the securities firm business (Coşkun, 2009a: 2). In this process, some argue that risk management … specific risks is also important to develop ideal risk management framework for securities firms. Therefore, in this article …