Cover -- Table of Contents -- List of Figures -- List of Tables -- List of Abbreviations -- Foreword -- THEORETICAL PART -- 1. Theoretical background: definition of responsible borrowing and lending -- 1.1 Definition of responsible lending -- 1.2 Definition of responsible borrowing -- 1.3...

The authors use a variance ratio test to test the weak form of market efficiency as regards capital markets in the Czech Republic, Slovakia, Hungary, Poland, and in the United States. Market efficiency was tested using weekly and monthly values of relevant market indices in a period from 1993...

This paper focuses on operational risk measurement techniques and on economic capital estimation methods. A data sample of operational losses provided by an anonymous Central European bank is analyzed using several approaches. Multiple statistical concepts such as the Loss Distribution Approach...

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In this paper we focus on often forgotten subjects of economic analyses: Czech credit unions. In specific, we centre our analysis on capital adequacy of the largest four credit unions which report lower capital adequacy compared to the rest of the credit union segment or to Czech banks. Recent...

Operational risk management has becoming more important in the financial industry in the recent years mainly due to scandals in UBS in 2011 and Societé Générale in 2007. The reasons for this attention can be attributed to introduction of operational risk into the Basel II regulatory framework...

The aim of this paper is to shed light on Collateralized Debt Obligation (CDO) valuation based on data before and during the 2007-2009 global turmoil. We present the One Factor Gaussian Copula Model and examine five hypotheses regarding CDO sensitivity to entry parameters. For our modelling we...

The global banking system proved significantly vulnerable to systemic risk during the 2007-2009 financial crisis. In this paper, we construct an agent-based network model of systemic risk to a banking system, and use it for stress-testing of several different regulatory measures. First, our...

The 2007-2009 global financial turmoil was exacerbated by a low level of financial market regulátory coordination. Historical experience has shown that despite implementing regulations, supervision and macroeconomic policies, the financial industry regularly experiences crises. Consequently, a...

Spolu s nastupujícími trendy v oblastech IT, digitalizace a cloud bankingu prochází globální bankovnictví v posledních letech dynamickým vývojem. Predkládaná publikace se snaží zájemce uvést do široké problematiky bankovnictví v teoretické i praktické rovine, a to s durazem...