Is Value at Risk an Alternative to Setting Limits?

Dimitris N. Chorafas

Chapter 11 in Modelling the Survival of Financial and Industrial Enterprises, 2002, pp 224-244 from Palgrave Macmillan

Abstract: Abstract The core of the research that led to this book has been ways and means for more efficient internal control and improvements in the role of model’s play in the management of risk, and so it is self-evident that the subject of limits has been discussed both with the regulators and with commercial and investment bankers in Germany, Switzerland, the United Kingdom and the US. The overwhelming opinion has been that limits should be set by the board and the system of internal controls should assure that they are observed.

Keywords: Credit Risk; Senior Management; Capital Requirement; Market Risk; Credit Institution (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50173-7_11

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DOI: 10.1057/9780230501737_11

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