Thesis (Ph. D.)--University of Wisconsin--Madison, 1962. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record.

This thesis investigates the impact of accounting standard IAS39 on banking institutions in Greece and the UK.  It specifically addresses preparers’ perceptions of that standard’s effects on the banking books of banks. The research involves a mixed methodology, namely: (i) a survey analysis of the perceptions of banking practitioners in Greece and the UK, in order to identify the standard’s impact on the banking sector as well as to gauge the standard’s acceptance of banks, in order to facilitate a deeper understanding of the implications of the standard for their organisations.  ‘Elite’ interviews also advocate that such high powered individuals are the key holders to privy information. The results suggest that IAS39 is a highly controversial standard that introduces concerns not only for the banks’ valuation of assets and liabilities but also regulatory concerns over issues of policy formulation and stability.  Generally, bankers are negative and largely sceptical of the standard, on the grounds of relevance and reliability.  They do not view the standard as particularly useful, relevant, reliable or transparent for banking disclosures and financial stability when compared to the current mixed methodology approach followed currently for the valuation of assets and liabilities in the banking books of banks.  Most concerns revolve around the standard’s effects on valuation of assets and liabilities, provisioning and hedging issues and bank capital management for regulatory capital purposes. In the introduction of accounting standards attention should be paid to the nature of the industry and the system (i.e. credit versus market-based) in which firms operate, as well as to establishing particular methodologies.  It touches upon a contemporary issue of critical topical and international interest, of how accounting information standards relate to the systemic, operating, credit, market and liquidity risks of a modern, internationalised banking system.

Thesis (Ph. D.)--University of Missouri-Columbia, 2006. / The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file viewed on (March 2, 2007) Vita. Includes bibliographical references.

This study aims to investigate the effectiveness of using asset securitisation as risk management technique in banks. This study examines the direct impacts of asset securitisation on the riskiness of banks’ loan portfolios as well as the indirect impacts on the subsequent financial stability. This study also tests the changes in banks’ equity capital and liquidity as a result of using asset securitisation in order to understand their potential contributions to the examined bank risk behaviour. Furthermore, this study tests the impacts of adopting the Basel capital requirements on banks’ exposure to asset securitisation and the related bank risk behaviour. The study is informed by stakeholder theory. The use of stakeholder theory in the current study helps in addressing the causal connections between banks’ risk management practices and the achievement of banks’ performance objectives. Using stakeholder theory also helps understand the role of external regulatory structures in supporting risk management practices in banks. The empirical study is conducted by using a sample of 44 bank holding companies selected from 13 European countries during the period 2004-2014. The choice of the sample banks is based on the availability of securitisation data as well as the condition that all European banks should have placed at least one securitisation transaction during the period of the study. Moreover, seven linear regression models were developed to examine the study relationships and were estimated by using Fixed Effects panel data analysis. The use of panel data analysis in this study aims to capture the dynamics of bank risk behaviour and other bank-specific conditions that are associated with asset securitisation during the period of the study. The results found in the empirical analysis confirm that incorporating the use of asset securitisation with higher capital requirements is more likely to reduce originators’ credit risk-taking that arise from their lending activities. The findings reported in this study, however, do not support the regulatory capital arbitrage hypothesis of the securitisation products. Furthermore, this study confirms that European securitising banks continued to view asset securitisation as cost-efficient funding source, despite the decreasing number of transactions since the crisis. The findings in this study also show that European securitising banks did not effectively operate their securitisation proceeds in profitable investments during the period of the study. Based on the results found in the current study, we can suggest that introducing more risk-sensitive capital requirements is a key factor in the future development of the asset securitisation markets. This study contributes to the existing literature by emphasising the direct connections between asset securitisation and the riskiness of banks’ loan portfolios. This study also is one of the first studies to test asset securitisation effects on the absolute level of bank capital in order to provide a better understanding of the regulatory capital arbitrage hypothesis. The current study further extends the existing literature to test the role of the Basel capital requirements in controlling the use of asset securitisation in banks, taking into account the former regulatory frameworks and the full implementation years of the Basel (II) framework. Unlike previous studies, the employment of stakeholder theory in the current study has helped in expanding the perception of risk management in banks, from purely controlling device to a broad approach that aims to support bank’s existence and prosperity. Furthermore, this study is one of the first studies that had a broader look at the European securitisation market, during the years before and after the crisis and compared the empirical results of both sub-samples to validate the robustness of the study findings in terms of the financial crisis.

Doctorat en sciences sociales, politiques et économiques / info:eu-repo/semantics/nonPublished

Businesses are continuously exposed to a changing business environment which may either exert positive or negative influences on profitability. The banking industry, in particular, is highly competitive and bank failures can have significant consequences for customers. Commercial banks, therefore, have a responsibility to protect their customers by implementing sound risk management strategies. In light of the recent financial crises (since 2007), risk management has once again become a popular topic of discussion since adequate risk management should have prevented or minimised the impact of the risks faced by failed banks. The primary objective of this study was to develop a framework that could be used by South African commercial banks to investigate risk management. Qualitative research was conducted in this regard. From this, findings and recommendations were derived in order to provide banks with a tool by which they could assess their exposure to risk. Various journals, websites, newspapers, bank reports and textbooks were consulted in support of the literature. The literature provided background information on the history and development of the risk management process. Considerable attention was given to the categories of risk that an adequate risk management framework should address. Furthermore, the current models used to manage risk in commercial bank were provided, as well as the specific reasons for bank failures. The main findings of this study were the identification of the most significant reasons for banking failures. These were identified as capital inadequacy, credit risk due to non-performing loans and a lack of banking supervision. In addition to these reasons, several other contributing principles were identified as important factors to be included in a risk management framework. A risk management framework was thus constructed in Table 5.1 based on the literature regarding global banking failures and the relevant conclusions made by the researcher.

M.Com. (Business Management) / This study focuses on one specific knowledge management process, namely the knowledge sharing process within an operational risk management cluster of a chosen South African retail bank. The study specifically focuses on the bi- weekly meetings that are used as platforms for knowledge sharing sessions. The primary objective of the study, is to ascertain how well the corporate investment bankers, shared services and CIB Africa operational risk management cluster is effectively utilising its meetings in terms of knowledge sharing to ensure that the operational risk management strategies of the chosen bank, provides optimal assurance to its stakeholders that the bank operates within its operational risk appetite. The study is divided into five chapters. The first chapter provides the readers with a thorough understanding of the research problem and topic. The second chapter provides the theoretical framework of the literature pertaining to the context of knowledge management with a specific focus of knowledge sharing. The third chapter discusses the research methodology adopted to conduct the study. The fourth chapter discusses the empirical findings and discussion of the study. Lastly, chapter five provides conclusions, recommendations and possibilities for further research. The theoretical framework of study began by focusing broadly on the concept of knowledge management weaving its way to the specific concept of knowledge sharing. A single case research approach was adopted. All respondents were attendants of the bi-weekly knowledge sharing sessions held in the chosen bank. The empirical findings of the study revealed that there is no common awareness and understanding of the concepts of knowledge management and knowledge sharing within the chosen bank. It was further established that factors such as the role of organisational culture, leadership involvement and participation, and rewards and incentives were key factors that had the ability to either enable or hinder the knowledge-sharing within the chosen bank.

Abstract not available

Thesis (Ph. D.)--London School of Economics and Political Sciences, 2000. / Title from title screen. Description based on contents viewed Apr. 21, 2005. Includes bibliographical references (p. 263-278).

L'objectif de cette thèse consiste à étudier les liens entre les mécanismes internes de gouvernance des banques et le comportement de prise de risque. Nous montrons qu’Adam Smith avait déjà mis en évidence la défaillance des mécanismes de gouvernance dans la Banque « Ayr » comme principal facteur induisant la prise de risque excessive et, par conséquent, sa faillite. Nous développons un modèle qui illustre qu’une rémunération indexée sur les actifs risqués n’implique pas une prise de risque plus importante. Nous constatons, aussi, que pour inciter le dirigeant à réaliser la meilleure combinaison d’actifs, le conseil d’administration est tenu de lui payer la rémunération la plus élevée. La thèse porte également sur l’étude des attributs standards du CA et ceux liés à la gouvernance des risques dans les banques de l'UE durant la période 2005-2015. Les résultats de la régression panel à effet fixe indiquent que les caractéristiques du CA affectent le niveau des crédits non performants et l’insolvabilité des banques de l’UE. Les résultats de la régression quantile à effet fixe révèlent une hétérogénéité dans la relation entre le risque bancaire et les attributs étudiés. Plus précisément, nous constatons que l’effet positif de l’indépendance et la fréquence des réunions du CA sur la gestion des risques bancaires est plus important dans les banques les plus risquées. Nos résultats mettent en évidence, également, que la prévention des comportements de prise de risque excessive des banques de l’UE nécessite l’amélioration de l’efficacité des CA à travers l’établissement des comités de risque et d’audit. / The purpose of this thesis is to study the internal mechanisms of banks’ governance and their impact on the risk-taking behavior. We show that Adam Smith had already highlighted the inadequacy of the governance’ mechanisms in “Ayr” Bank as the primary factor leading to an excessive risk-taking and, consequently, to its bankruptcy. We develop a model that aims to evaluate the extent to which governance mechanisms play a moderating role on the compensation policy and the level of risk taken by the CEO. We illustrate that a remuneration indexed on risky assets does not imply a greater risk taking. We also conclude that in order to induce the CEO to achieve the best combination of assets, the board of directors (BD) is required to pay the highest compensation. The thesis also focuses on the study of standard BD attributes as well as those related to risk’ governance in EU banks from 2005 to 2015. The empirical investigation showed that certain BD features affect the level of non-performing loan and the insolvency of EU banks. The results of the fixed-effect quantile regression reveal that the effect of the standard BD and risk’ governance attributes on risk-taking is heterogeneous. More specifically, we can note that the positive effect of the independence and frequency of board meetings on bank’ risk management is more significant in the riskier banks. In addition to this, our empirical results suggests that the prevention of excessive risk taking by EU banks requires the improvement of the effectiveness of BD through the establishment of risk an audit committees.