银行风险管理研究比较【外文翻译】

《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