Applying Internal Control to Our Institution’s Limits System

Dimitris N. Chorafas

Chapter 9 in Implementing and Auditing the Internal Control System, 2001, pp 213-234 from Palgrave Macmillan

Abstract: Abstract In my postgraduate studies at UCLA I had a professor of banking who taught his students that ‘no matter how good a new deal is, if the counterparty limit has been reached no further deals are possible’. This is not the message the majority of credit institutions give to their traders and credit managers, and even those who want to see limits set by the board fully observed at all time are unable to hit that goal so because: The prevailing level of detail is not appropriate and There is no real-time reporting on internal controls, including limits.

Keywords: Interest Rate; Cash Flow; Credit Risk; Senior Management; Market Risk (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59786-0_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230597860

DOI: 10.1057/9780230597860_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().