HYPOTHESES AND PERSPECTIVES IN BANK RISK MANAGEMENT
Abstract
Nowadays, we are witnessing a revolution of globalproportions in the financial and banking sector, which due to globalizationhas shown a strong cross-border character. In this sense, we can observeprofound mutilations of the world’s economy, influenced by the scarcity ofresources, political changes, the migration of production factors, and theimpact of the high level of risk the banks have taken in the previous years.All these have been influencing the worldwide economy welfare and thenations’ sustainable development. Due to the events happening since 2007until today, namely the history of bailouts all over the world, the ”too big tofail” banks do not have the incentive to prudentially manage systemic risk.This leads to creation of contingent liabilities for the governments andtherefore threatens their own sustainability. Consequently, such tendenciesweaken the public trust in a system that privatizes the gains but socializesthe losses.References
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3. BIS (Bank for International Settlements), 2010, Annual Report no. 80, Basel.
4. Demirgüç-Kunt, A., Levine, R., 2008, Finance, Financial Sector Policies, and Long-Run Growth, FMI, Policy Research Working Paper 4469.
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2. BCBS (Basel Committee on Banking Supervision), 2010, Group of Governors and Heads of Supervision announces higher global minimum capital standards. Basel Committee on Banking Supervision Press Release.
3. BIS (Bank for International Settlements), 2010, Annual Report no. 80, Basel.
4. Demirgüç-Kunt, A., Levine, R., 2008, Finance, Financial Sector Policies, and Long-Run Growth, FMI, Policy Research Working Paper 4469.
5. Goldstein, M., Véron, N., 2011, Too big to fail: The Transatlantic Debate, Working Paper Series, WP 11-2.
6. Gup, B.E., 2004, Too big to fail: policies and practices in government bailouts , Financial Management Association International, SUA.
7. Hoeing, T., 2009, Do SIFIs have a future?, Keynote speech, NYU Stern School of Business.
8. Roubini, N., 2011, MIPIM 2011, Keynote Speech, Singapore.
9. Sorkin, A.R., 2009, Too Big to Fail: The Inside Story of How all Street and Washington Fought to Save the Financial System... and Themselves, Viking, New York.
10. Stiglitz, J.E., 2011, Freefall, Publica Press, edition in Romanian language, ISBN.
11. The Independent, 2009,£850bn: official cost of the bank bailout, Marea Britanie,Editor:Grice, A.
12. Thomson, J., 2009, On Systemically Important Financial Institutions and Progressive Systemic Risk Migration, Policy Discussion Paper No. 27, Cleveland: Federal Reserve.
Published
2012-12-31
How to Cite
DĂNESCU, Andreea Cristina.
HYPOTHESES AND PERSPECTIVES IN BANK RISK MANAGEMENT.
Journal of Doctoral Studies. Accounting, [S.l.], v. 1, n. 3-4, dec. 2012.
ISSN 2247 – 6660. Available at: <http://journals.uab.ro/index.php/accounting/article/view/20>. Date accessed: 22 dec. 2024.
Section
Articles
