Search results for "risk transfer"

showing 3 items of 3 documents

Operational risk in bank governance and control: How to save capital requirement through a risk transfer strategy. Evidences from a simulated case st…

2015

Operational risk management in banking has assumed such importance during the last decade. It has become increasingly important to measure, manage, and assess the impact of operational risk in the economics of banking. The purpose of this paper is to demonstrate how an effective operational risk management provides mitigating effects on capital-at-risk in banking. The paper provides evidences that an implementation of an operational risk transfer strategy reduces bank capital requirement. The paper adopts the loss distribution approach, the Monte Carlo simulation, and copula methodologies to estimate the regulatory capital and simulate an operational risk transfer strategy in banking.

Economics and EconometricsRisk ManagementFinancial Regulationbusiness.industrySettore SECS-P/11 - Economia Degli Intermediari FinanziariStrategy and ManagementCorporate governanceControl (management)Operational RiskDistribution (economics)BankingCopula (probability theory)Operational riskRisk TransferRisk analysis (engineering)lcsh:Financelcsh:HG1-9999Capital requirementCapital costfinancial regulation.Basel AccordbusinessOperational risk managementFinanceRisk Governance & Control: Financial Markets & Institutions
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Innovazione finanziaria e instabilità: il trasferimento del rischio di credito

2011

This paper aims to point out the role of credit risk transfer market in the financial system. The advent of a credit risk market has profoundly altered the role of banking firms into one of asset originator and asset distributor rather than the asset holder. The traditional economics of banking has changed in an important way and the new business model has evolved as a result of financial innovation. The main results of the paper are that the lending process disintegration and the development of the credit risk transfer market represent a key element in the recent financial risis. Incentive structures faced by various agents in the financial intermediation chain also became dysfunctional. B…

credit risk risk transfer lending financial crisis financial innovation.Settore SECS-P/11 - Economia Degli Intermediari Finanziari
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I credit derivatives nell’economia dei sistemi finanziari tra innovazione e criticità

2011

Il lavoro è volto a comprendere il ruolo degli strumenti credit derivatives nell’economia dei sistemi finanziari. I credit derivatives rappresentano una significativa forma di innovazione finanziaria che incide direttamente sull’attività degli intermediari finanziari e, in particolare, bancari. Il ricorso al mercato dei credit derivatives rende possibile il trasferimento integrale o parziale dei rischi di credito senza il contestuale trasferimento delle singole esposizioni creditizie. Ciò dischiude una varietà di scelte aziendali di de-integrazione della catena del valore dell’intermediazione creditizia e di diversificazione del portafoglio crediti che, tuttavia, non sempre conducono ad una…

risk transfer credit derivatives financial innovation financial crisis risk managementSettore SECS-P/11 - Economia Degli Intermediari Finanziari
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