Risks in Financial Institutions

Edward H K Ng

Chapter 8 in Risk Analytics:From Concept to Deployment, 2021, pp 91-98 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Stripped to its essence, financial service is about risk-taking. There is no tangible product or hedonic service provided to the client. In taking deposits, a bank is assuming the credit risk on behalf of the depositor. Insurance is about taking on an event risk. Perhaps the only type of financial service which requires nearly no risk-taking is passive fund management. Here, the financial institution offers diversification which is beyond the means of most individual customers. Risk analytics then is not an option in a financial institution…

Keywords: Risk; Modeling; Basel II; Quantification; Data Management; Data Integration; Decision Support; Online Analytical Programming (search for similar items in EconPapers)
JEL-codes: D81 G32 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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