Systemic Aspects of Risk Management in Banking and Finance
The paper provides a critical summary of recent developments in banking and finance and discusses risk management strategies for banks and for banking supervision. Special attention is paid to systemic risks which arise because the nexus of interbank contracts is so complex that counterparty credit risks and their correlations with underlying risks are transparent neither to banks nor to bank supervisors. Another section discusses "excessive risk taking" by banks and provides a critical analysis of the attempt to control banks by capital adequacy regulation.
Volume (Year): 131 (1995)
Issue (Month): IV (December)
|Contact details of provider:|| Postal: c/o SNB/BNS, Börsenstrasse 15, PO Box 2800, CH-8022 Zürich|
Phone: +41 58 631 32 34
Web page: http://www.sjes.ch
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ses:arsjes:1995-iv-9. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Steiner)
If references are entirely missing, you can add them using this form.