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Financial Inclusion and Environmental Sustainability

Ozili, Peterson K - 2023

,000 adults and the number of commercial bank branches per 100,000 adults. Environmental sustainability was measured using two …

Persistent link: https://www.econbiz.de/10014255157

Risk bearing, implicit financial services, and specialization in the financial industry

Wang, J. Christina (contributor); Basu, Susanto (contributor) - 2005

What is the output of financial institutions? And how can we measure their nominal and, more importantly, real value, especially since many financial services are provided without explicit charges? This paper summarizes the theoretical result that, to correctly impute the nominal value of...

Persistent link: https://www.econbiz.de/10003346699

Incentives for effective risk management

Daníelsson, Jón; Jorgensen, Bjorn N.; Vries, Casper G. de - 2001

internal rating based approach. The paper considers how a bank's preference for a risk management system is affected by the … presence of supervision by bank regulators. The model uses a principal-agent setting between a bank's owner and its risk … standard approach subsequent to becoming regulated, i.e., the presence of regulation may induce a bank to decrease the quality …

Persistent link: https://www.econbiz.de/10011318589

Credit Ratings in Structured Finance and the Role of Systemic Risk

Violi, Roberto - 2011

This paper explores the implications of systemic risk in Credit Structured Finance (CSF). Risk measurement issues loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond tranches inflicted severe losses on banks, calling into...

Persistent link: https://www.econbiz.de/10013128337

Credit Ratings in Structured Finance and the Role of Systemic Risk

Violi, Roberto - 2011

Persistent link: https://www.econbiz.de/10013131934

Measuring Sectoral/Geographic Concentration Risk

Tola, Vincenzo - 2010

This article focuses on the application of the Pykhtin model to the Italian banking system to measure concentration risk by industry sector and geographic region. The proposed approach generalizes the portfolio model used in Pillar 1 for the calculation of the capital requirement, removing the...

Persistent link: https://www.econbiz.de/10013135331

Enterprise Risk Management Program Quality : Determinants, Value Relevance, and the Financial Crisis

Baxter, Ryan J. - 2012

This paper investigates factors associated with high quality Enterprise Risk Management (ERM) programs in financial services firms, and whether ERM quality enhances performance and signals credibility to the financial markets. ERM, developed with the assistance of the accounting profession,...

Persistent link: https://www.econbiz.de/10013115652

Islamic Justification of Credit Default Swap for Managing Credit Risk in Islamic Banking

Mousavi, Mohammad Mahdi - 2011

Due to use profit-sharing modes in Islamic banks, the nature of risks in these institutions has changed and the return of investments or deposits isn't predetermined. Because the return of investors settles based on profit-loss sharing, they are also contributed to risk of banking operations. In...

Persistent link: https://www.econbiz.de/10013119726

What Operational Risk is and Isn't

Sharma, Meera - 2012

This paper discusses the definition of operational risk laid down by the second Basel accord. The loss event types along with examples provided by Basel committee are put down to clarify the definition. Recent examples of operational risk events are added to further enhance understanding

Persistent link: https://www.econbiz.de/10013107039

Worst-Case Copulas, Mass Transportation and Wrong-Way Risk in Counterparty Credit Risk Management

Memartoluie, Amir - 2013

We study the problem of finding the worst-case joint distribution of a set of risk factors given prescribed multivariate marginals with nonlinear loss function. The method has applications to any situation where marginals are provided, and bounds need to be determined on total portfolio risk....

Persistent link: https://www.econbiz.de/10013084222