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ID:454648
大小:56.50 KB
页数:8页
时间:2017-08-04
《商业银行风险管理——分析的过程【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库。
1、外文翻译原文CommercialBankRiskManagement:AnAnalysisoftheProcessMaterialSource:JournalofFinancialServicesResearchAuthor:Anthony.M.SantomeorThepastdecadehasseendramaticlossesinthebankingindustry.Firmsthathadbeenperformingwellsuddenlyannouncedlargelossesduetocre
2、ditexposuresthatturnedsour,interestratepositionstaken,orderivativeexposuresthatmayormaynothavebeenassumedtohedgebalancesheetrisk.Inresponsetothis,commercialbankshavealmostuniversallyembarkeduponanupgradingoftheirriskmanagementandcontrolsystems.Throughth
3、epastacademicyear,on-sitevisitswereconductedtoreviewandevaluatetheriskmanagementsystemsandtheprocessofriskevaluationthatisinplace.Inthebankingsector,systemevaluationwasconductedcoveringmanyofNorthAmerica'ssuperregionalsandquasi-money-centercommercialban
4、ks,aswellasanumberofmajorinvestmentbankingfirms.Theseresultswerethenpresentedtoamuchwiderarrayofbankingfirmsforreactionandverification.1.Whattypeofriskisbeingconsidered?Commercialbanksareintheriskbusiness.Intheprocessofprovidingfinancialservices,theyass
5、umevariouskindsoffinancialrisks.Overthelastdecadeourunderstandingoftheplaceofcommercialbankswithinthefinancialsectorhasimprovedsubstantially.Overthistime,muchhasbeenwrittenontheroleofcommercialbanksinthefinancialsector,bothintheacademicliteratureandinth
6、efinancialpress.Theseargumentswillbeneitherreviewednorenumeratedhere.Sufficeittosaythatmarketparticipantsseektheservicesofthesefinancialinstitutionsbecauseoftheirabilitytoprovidemarketknowledge,transactionefficiencyandfundingcapability.Inperformingthese
7、roles,theygenerallyactasaprincipalinthetransaction.Assuch,theyusetheirownbalancesheettofacilitatethetransactionandtoabsorbtherisksassociatedwithit.Tobesure,thereareactivitiesperformedbybankingfirmswhichdonothavedirectbalancesheetimplications.Theseservic
8、esincludeagencyandadvisoryactivitiessuchas(1)trustandinvestmentmanagement;(2)privateandpublicplacementsthrough``bestefforts''orfacilitatingcontracts;(3)standardunderwritingthroughSection20Subsidiariesoftheholdingcompany;or(4)thep
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