Since the start of the world financial turmoil a lot of urgent questions arouse for the financial and banking sector concerning necessary reforms and changes in day-to day operations, strategy and regulation. There are several key-points that occupy minds of the practitioners and scholars worldwide ever since. In this respect the vital importance of governance and risk issues for the financial sector was re-emphasized by bank professionals, supervisors and standard setters. How should markets and financial institutions be governed and regulated with regard to risk framework and performance? Does corporate governance really play significant role in risk control and management process? Will the new tendencies in regulation help to achieve more sustainable condition in finance and banking industry? Do financial institutions need stricter regulation? Does corporate governance have potential to contribute significantly to safeguarding against systemic risks? Which corporate governance standards will effectively improve financial institutions in this case? Thus, a new paradigm for risk and performance in finance and banking needs to be developed through governance and control procedures.
The economic growth of any country is ultimately based on the performance of the financial institution especially the banking companies. it is a well know fact that the services offered by Indian banks are well received and recognized by the people who are involving in the money market not only in domestic market but also in foreign market. Though the Indian banks have larger network in terms of branches and employees, the volume of business, the employee’s productivity not at satisfactory level compared with those of other countries banks. It is interestingly noted that the problems out of the recession is not so heavily affected in the Indian banks, though majority of the American and European banks experienced serious problems. This is because of the mind setting of the Indian depositors and continues and serious efforts of the reserve bank of India. In the recent days, the Indian nationalized banks are facing innumerable challenges such as worrying level of NPAs, deteriorating asset quality, and increasing pressure on profitability, asset-liability management liquidity risk management, and market risk management and ever tightening prudential norms.
The rate of failure of IT projects has remained little changed in survey after survey over the past 15-20 yearsover 40-50%. This has happened in spite of new technology, innovative methods and tools, and different management methods. Why does this happen? Why cant the situation be better? One reason is that many think of each IT effort as unique. In reality many IT projects are very similar at a high, strategic level. Where they differ is in the people and exact eventsthe detail. If you read the literature or have been in information systems or IT for some time, you have seen the same reasons for failure and the same problems and issues recur again and again. In this book IT Management experts Ben Lientz and Lee Larssen show you how to identify and track the recurring issues leading to failure in IT projects and provide a proven, modern method for addressing them. By following the recommendations in this books readers can significantly reduce the risk of IT failures and increase the rate of success. Benefits of using this approach: Issues are identified earliergiving more time for solution and action. Issues are resolved more consistently since the approach tracks on their repetition. You get an early warning of problems in IT workbefore the budget or schedule fall apart. Management tends to have more realistic expectations with an awareness of issues. Users and managers have greater confidence in IT due to the improved handling of issues. Since the number of issues tends to stabilize in an organization, the IT organization and management get better at detecting, preventing, and dealing with issues over timecumulative improvement. Giving attention to issues make users more realistic in their requests and acts to deter requirement changes and scope creep.* Full of checklists and methods that can be used in day to day Project Management work in real companies* Easy to read style and book organization allows the reader to jump into the book right at the point they need* Shows how to set up an issues database for better identification and tracking of issues, providing an Early Warning System to help move the project to success
"Some Basic Issues on Rural and Micro Finance Regulation in Ghana" (originally part of my master thesis) is a careful description of how micro finance can be used to fight poverty and create financial sustainability through the use of effective and efficient rural and micro finance regulatory regimes. This it does by carefully examining the available literature on rural and micro finance regulation in Ghana so as to determine what role regulation has or can play on the sustainability and improvement of rural and micro finance institutions for the alleviation of poverty in Ghana.The realization is that regulation has a cardinal role to play on the sustainability of rural and micro finance institutions, hence rural poverty reduction and development. This work is aimed at providing useful information for those who may be interested in the micro finance industry in the Ghana and Micro Finance Industry in general. These include among others; investors, micro finance practioners as well as students generally interested in micro finance regulation particularly in Ghana.
For all countries especially developing countries, banking system is the main component of the financial system.Hence, researchers and regulation authorities have focused on a banking system as a main cause or preventing factor responsible for financial and economic crises. This study presents comprehensive analysis of overall risk level, market risk and how selected variables affect credit risk in the Jordanian banks. This study provides a new theoretical background to understand how an overall level of banks risk and market risk has changed during 1995-2008. It also identifies the variables affecting credit risk in the Jordanian banks.The outcome of this study would increase the understanding and awareness of banks'' management about the adverse effect of credit risk on their profit. Further, it helps the managers to minimize the credit risk level and improve their appropriate lending policies by taking in their consideration the significant variables that are identified by this study. In addition, the results of this study help supervising authorities to ensure that adequate policies and procedures are in place at various banks to minimize risks as far as possible.
Cooperatives like village panchayats are institutional agencies for achieving social justice. In a country whose economic structure has its roots in the village, cooperation is something more than a series of activities organized on cooperative lines; mainly its purpose is to evolve a system of cooperative community organization which touches upon all aspects of life. Cooperation, therefore, means an obligation towards all families in the village community and the development of resources and of social services in the common interest of the village as a whole. This is the underlying approach in setting cooperative village management on the main direction of reorganization in the rural economy. Covers the significance of agricultural finance and its problems, the role of DCC Banks in the rural credit system.
Islamic finance has been developing rapidly in the last forty years with Islamic financial institutions expanding at enormous rates all over the world. Islamic finance offers both an equity based system dependent on profit-and-loss sharing modes along with other debt-based instruments that facilitate trade. This study focuses on eight banks in Malaysia that are incorporated under the Islamic Banking Scheme and offer both conventional and Islamic banking operations. The comparison between both types of operations is conducted in terms of profitability, liquidity, and asset quality using several financial ratios. Results suggest that four out of the seven ratios were statistically significant when comparing population variances, and also suggest that all seven ratios were statistically significant at the 99% confidence level when comparing population means. This means that the null hypothesis was rejected in those cases implying that the two populations are not equal. Further, the results are consistent with the arguments offered in favor of the benefits of the Islamic banking system as opposed to the negative social and economic outcomes of the conventional system.
Co-operative banks are an integral part of the Indian financial system. They comprise urban co-operative banks and rural co-operative credit institutions. Co-operative banks in India are more than 100 years old. UCBs also referred to as primary co-operative banks, play an important role in meeting the growing credit needs of urban and semi-urban areas of the country. UCBs mobilize savings from the middle and lower income groups and purvey credit to small borrowers, including weaker sections of the society. Scheduled UCBs are under closer regulatory and supervisory framework of the RBI. Though much smaller as compared to scheduled commercial banks, co-operative banks constitute an important segment of the Indian banking system. They have traditionally played an important role in creating banking habits among the lower and middle-income groups in urban areas and also in strengthening the rural credit delivery system. This book – focusing on management of UCBs – in India, including recent reforms. Besides, it includes a case study of financial efficiency and the working of UCBs in the Indian state of Andhra Pradesh of Chittoor District.
In a new competitive market environment, power utilities are facing many risks which did not exist in pre-liberalization era. Liberalized electricity market creates new types of risks that need special attention and new methods of risk management. This book is an attempt to summarize and explain the nature of these risks and to provide an insight to risk management in a liberalized electricity market. The book is a result of the research conducted by both authors in their master and doctoral thesis during the past five years. This book is written for economics, engineers, professionals and academic public who are interested in understanding today's electricity market issues.
This book analyses risk arbitrage in U.S. financial markets directed towards finance professionals and scholars.In particular, two research questions are pursued-(1) What are the effects of stock market, business conditions as well as the Merger and Acquisition Trend on risk arbitrage activities in the U.S (2) What is the current trend and effect of the U.S. financial regulatory mechanism on risk arbitrage? There has been a growing trend in US financial market regulatory mechanism to reduce systemic risk, eliminate legal uncertainty, control regulatory arbitrage and to have a closer look on derivatives trading which could be potentially used for fraud or manipulation. The current focus of the financial regulatory mechanism is to curb illegal trading in risk arbitrage activities through limits on trading volume and control of regulatory arbitrage opportunities which should continue into the future.
Arising from the financial and corporate crashes from the 20th to the 21st century were several issues involving the accounting profession that eventually led to a few major changes in the accounting world. The collapses of these high profile companies were so great that they eventually caused unbearably financial losses to the stakeholders. Following the incidents, regulatory agencies around the world have started to focus on strengthening their measures to prevent more corporate collapse due to mismanagement on the Enron scale. Thus, risk management is becoming a high priority for large companies especially those operating in various countries. ERM is a concept of providing a principle based approach to risk management on aa company wide basis. It is a top-down integrated and comprehensive process for determining, evaluating, assessing, controlling, and monitoring all manner of risks faced by corporations. Nonetheless, the important issue worth investigating is whether the ERM could really improve shareholders’ wealth? and whether the internal auditors are able to perform their task in the ERM as proposed by the IIA Position Paper?
Credit risks are the most crucial for banks since ancient cultures to present days. Various financial organizations failures, connected with the negative social impact, additionally raise the question of proper credit risk management during history. The best way to cope with risks is an understanding of their nature. Usage of risk reducing strategies, risk control, monitoring and assessment significantly reduce losses and bring advantages to all economic players. This book describes the recent nature of credit risks from different leading experts and scientists. It provides a practical overview of the most important credit risk management approaches in developed and developing countries. The given work discovers main types of risks for Ukrainian commercial banks, analyze credit risk management methods and their efficiency in Ukraine. It is useful for all types of financial organizations, credit risk practitioners, academics and anyone interested in risks.
Considerable attention has been paid to the relationship between stock market, bank and economic growth. However, one major controversy in empirical literature as far as the relative impact of stock market and bank on economic growth are concerned centers on which one of them contributes more to growth. Though, panel studies have been carried out in developed countries, much attention has not been paid to this issues on one hand, the direction of causality among stock market, bank and economic growth in Saharan African countries on the other hand, hence the study.
Natural hazard, risk management, good governance are very common in research and development arena. Several studies can be found on disaster risk management while very few are dealt with risk management by local governments in context of socio-economic and political factors. A disaster always means a huge death toll, displacement and inconceivable destruction for any poor country. This study argues that the causes of extensive losses from natural hazards can be effectively addressed and reduced by local governments. Successful example of disaster management in Cuba is an example of the good governments in disaster risk management. Risk management, local governments, self-organisations are analyzed here in respect of Pressure and Release Model, and N-K model. This book presents the perception of community people of two coastal sub-districts of Bangladesh and should help to understand disaster risk in respect of social, political, and economic factors.
Risk is the fundamental element that drives financial behavior of micro finance institutions. Financial Institutions, therefore, should manage the risk efficiently to survive in this highly uncertain world. The future of micro finance institutions will undoubtedly rest on risk management dynamics. Only those micro finance institutions that have efficient risk management system will survive in the market in the long run. The effective management of credit risk is a critical component of comprehensive risk management essential for long-term success of a micro finance institution that is why a micro finance's success lies in its ability to manage a risk.