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Die Behandlung der operationellen Risiken nach Basel II: Ein Anreiz zur Verbesserung des Risikomanagements?
Rünger, Petra; Walther, Ursula - Fakultät Wirtschaftswissenschaften, Technische … - 2004
Risikomanagement der operationellen Risiken dürfte in Zukunft ein entscheidender Wettbewerbsfaktor sein. Im Rahmen der Neuregelung der … bankaufsichtsrechtlichen Vorgaben gemäß Basel II werden sowohl eine Eigenkapitalunterlegung als auch qualitative Vorgaben zum Risikomanagement … dieser Risikoklasse neu eingeführt. Erklärtes Ziel ist es, Anreize für ein verbessertes Risikomanagement zu setzen. Die …
Persistent link: https://www.econbiz.de/10009207050
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Originators, traders, neutrals, and traditioners – various banking business models across the globe. Does the business model matter for financial stability?
Hryckiewicz, Aneta - Volkswirtschaftliche Fakultät, … - 2014
Why were some banks heavily affected by mortgage crises, while others barely? Why were some banking sectors dominated by “originate and distribute” model, while others were trading? Why did some banks decide not to follow the others, and preferred to stay traditional banks? How the models...
Persistent link: https://www.econbiz.de/10011109731
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Financing as a Supply Chain: The Capital Structure of Banks and Borrowers
Gornall, William; Strebulaev, Ilya A. - National Bureau of Economic Research (NBER) - 2013
We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...
Persistent link: https://www.econbiz.de/10010711816
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Systemic Liquidity Crisis with Dynamic Haircuts
Sever, Can - Volkswirtschaftliche Fakultät, … - 2014
In this paper, using network tools, I analyse systemic impacts of liquidity shocks in interbank market in case of endogenous haircuts. Gai, Haldane and Kapadia (2011) introduce a benchmark for liquidity crisis following haircut shocks, and Gorton and Metrick (2010) reveal the evidence from...
Persistent link: https://www.econbiz.de/10011111629
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Was the Crisis due to a shift from stakeholder to shareholder finance? Surveying the debate
Ferri, Giovanni; Leogrande, Angelo - Money and Finance Research group (Mo.Fi.R.) - 2015
We discuss the literature on the shift from stakeholder to shareholder finance behind the Great Financial Crisis (GFC). Traditional banks generally maximized stakeholder value (STV). But before the GFC also many of them started maximizing shareholder value (SHV). Moving from STV to SHV often...
Persistent link: https://www.econbiz.de/10011273101
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Reframing Financial Regulation
Whitehead, Charles - In: Journal of Financial Transformation 29 (2010), pp. 57-69
Financial regulation today is largely framed by traditional business categories. The financial markets, however, have begun to bypass those categories, principally over the last thirty years. Chief among the changes has been convergence in the products and services offered by traditional...
Persistent link: https://www.econbiz.de/10008498525
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Frais, performance et risque des fonds d'investissement islamiques et conventionnels : une approche théorique et empirique
Mehri, Meryem - Université Paris-Dauphine (Paris IX) - 2014
Islamic and conventional investment funds have the same purpose. However, unlike conventional funds, Islamic funds offer different investment contracts and have to invest in accordance with a set of selection rules. This dissertation focuses on developing theoretical and empirical analysis...
Persistent link: https://www.econbiz.de/10011212048
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Liquidity, leverage, and Lehman: A structural analysis of financial institutions in crisis
Chen, Ren-Raw; Chidambaran, N.K.; Imerman, Michael B.; … - In: Journal of Banking & Finance 45 (2014) C, pp. 117-139
This paper presents a flexible, lattice-based structural credit risk model that uses equity market information and a detailed depiction of a financial institution’s liability structure to analyze default risk. The model is applied to examine the term structure of default probabilities for...
Persistent link: https://www.econbiz.de/10010943179
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Risk management, the subprime crisis and financialisation: the role of risk management in the generation and transmission of the subprime crisis
Lagoa, Sergio; Leao, Emanuel; Barradas, Ricardo - Financialisation, Economy, Society & Sustainable …
Over time the financial sector has gained greater relevance in the economy, a phenomenon that some call financialisation. Contrary to the mainstream view, financialisation literature emphasises that risk management by financial corporations will not be socially efficient in a context of...
Persistent link: https://www.econbiz.de/10010783902
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Banking business models and the nature of financial crises
Hryckiewicz, Aneta; Kozlowski, Lukasz - Volkswirtschaftliche Fakultät, … - 2014
In our paper we analyze the heterogeneity between various business models among systemically important banks in 65 countries over the period of 2000-2012. For the first time, we are able to identify true banking strategies consisting of different combinations of bank asset and funding sources...
Persistent link: https://www.econbiz.de/10011272695