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ID:463000
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时间:2017-08-05
《银行风险管理研究比较【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文翻译Banks’riskmanagement:acomparisonstudyofUAEnationalandforeignbanksMaterial:TheJournalofRiskFinanceVol.8No.4,2007Author:HusseinA.HassanAl-Tamimi,FarisMohammedAl-MazrooeiIntroductionRiskmanagementisacornerstoneofprudentbankingpractice.Undoubtedlyallbanksinthepr
2、esent-dayvolatileenvironmentarefacingalargenumberofriskssuchascreditrisk,liquidityrisk,foreignexchangerisk,marketriskandinterestraterisk,amongothers–riskswhichmaythreatenabank’ssurvivalandsuccess.Inotherwords,bankingisabusinessofrisk.Forthisreason,efficientriskm
3、anagementisabsolutelyrequired.Carey(2001)indicatesinthisregardthatriskmanagementismoreimportantinthefinancialsectorthaninotherpartsoftheeconomy.Thepurposeoffinancialinstitutionsistomaximizerevenuesandofferthemostvaluetoshareholdersbyofferingavarietyoffinancialse
4、rvices,andespeciallybyadministeringrisks.Recentlymanycommercialbankshaveappointedseniormanagerstooverseeaformalriskmanagementfunction.Riskcanbeclassifiedintosystematicandunsystematicrisk.Systematicriskisassociatedwiththeoverallmarketortheeconomy,whereasunsystema
5、ticriskisrelatedtoaspecificassetorfirm.Someofthesystematicriskcanbereducedthroughtheuseofriskmitigationandtransmissiontechniques.InthisregardOldfieldandSantomero(1997)refertothreegenericrisk-mitigationstrategies:(1)Eliminateoravoidrisksbysimplebusinesspractices;
6、(2)Transferriskstootherparticipants;(3)Activelymanagerisksatthebanklevel(acceptanceofrisk).Thus,financialintermediariesmayavoidspecificrisksbysimplifyingbusinesspracticesandminimizingactivitiesthatinflictrisk.Activitieswithwhichthefinancialinstitutioniscommitted
7、toproceedcanbeadeptlymanagedortransferred.Certainriskswhichareinevitableortransferredmustbeengulfedbythebank.Inevitablerisksarethosetoocomplextoseparatefromassets.Thesubsequentriskisacceptedbythebankasbeingcrucialtoitsbusiness;banksarespecializedindealingwiththi
8、ssortofrisk,andreapthebenefits.AccordingtotheconsultativepaperissuedbytheBasel6CommitteeonBankingSupervision(1999)formostbanksloansarethelargestandmostobvioussourceso
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