A SURVEY OF INTERNATIONAL FINANCIAL RISK MANAGEMENT SYSTEM

Narayan Sethi, Kalpana Sahoo () and Sanhita Sucharita ()
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Kalpana Sahoo: National Institute of Technology, Department of Humanities and Social Sciences, kalpana.sahoo8@gmail.com, India,
Sanhita Sucharita: National Institute of Technology, Department of Humanities and Social Sciences, sanhita.sucharita@gmail.com, India,

Journal of Public Administration, Finance and Law, 2013, vol. 4, issue 4, 186-203

Abstract: Rising global competition, increasing deregulation, and introduction of innovative products have pushed financial risk management to the forefront of today's financial landscape. Identification of different types of risks and effective management of these risks in the international financial system would help to alleviate crisis, financial losses and also helpful to the long term success of all the financial institutions. The present study aims to analyze different types of risk management strategies and throws some light on challenges and opportunities regarding implementation of Basel-II in international financial system. The present paper also attempts to discuss the different methods and techniques used to measure financial risk management. There are three types of risk faced by all financial institutions: market risk, credit risk and operational risk. In commercial banking, credit risk is the biggest risk; in investment banking, its market risk; and in asset management, it�s operational risk.

Keywords: Risk Management; Value at Risk (VaR); Basel Accords (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aic:jopafl:y:2013:v:4:p:186-203

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