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assessments fail to register risk increases in Abss securities, proceeding to downgrade only later, when macroeconomic variables …
Persistent link: https://www.econbiz.de/10010579501
The financial crisis has highlighted, among other things, the limits of risk management and the need to identify better … solutions. An effective risk management system cannot only depend on a severe internal governance scheme, ignoring other … entities potentially involved, such as public stakeholders. For this reason, the risk management unit should be more autonomous …
Persistent link: https://www.econbiz.de/10010857927
creation of banks? How can risk management practises and risk pricing models better represent possible gains and losses? There …
Persistent link: https://www.econbiz.de/10008543470
main stages of Compliance Risk Management, the analysis will include issues related to the relationship with the Internal …
Persistent link: https://www.econbiz.de/10008543473
The definition of an internal process to prevent and manage reputational crises is a priority for banks.The Compliance Function can offer a tangible contribution to implement an effective crisis management process.The definition of a contingency plan, of a team of crisis management and of lines...
Persistent link: https://www.econbiz.de/10008926978
Service agreements between the Compliance Function and Internal Auditing can be an effective and efficient option for achieving the objectives assigned to the Function and more generally to the system of corporate controls. Key principles for the drafting of AdS are not meant to be comprehensive...
Persistent link: https://www.econbiz.de/10009132692
In Italy the use of bond covenants is restrained by the predominance of SMEs, the significant role of relationship banking, the high costs related to public placements, the lack of investors‘ financial culture, the low amount of loans normally requested by each firm and the lack of liquidity...
Persistent link: https://www.econbiz.de/10008518005
pivotal role played by liquidity risk in the development of the current financial crisis, pointing out the flaws of regulation … we focus on the causes of the emergence of liquidity risk in the ongoing financial crisis. We point out two intertwined …
Persistent link: https://www.econbiz.de/10008458479
The Basel Agreements, designed to pursue financial stability, have been instead a cause of instability, revealing fundamental analytical and operational weaknesses. The idea to define a constant capital ratio through complex statistical models implies serious dangers. A radical change is...
Persistent link: https://www.econbiz.de/10009646361
The financial crisis shows the limits of a fragmented surveillance scheme and points out the need of new architectures characterized by simplicity, applicability of rules, lower costs of compliance, lower conflicts of interests, absence of regulatory arbitrage and universality. For this purpose,...
Persistent link: https://www.econbiz.de/10005089686