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Küresel Kriz ve Finansal Aracılarda Risk Yönetimi: Beyaz Sayfa Mı?
[Global Financial Crisis and Risk Management in Financial Intermediaries: Is It White Page?]

Author

Listed:
  • Coskun, Yener
  • Kayacan, Murad

Abstract

Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms is self regulation. In the context of self regulation, it is expected that financial intermediaries may internally develop risk management rules, define capital level based on economic capital (instead of required capital) and develop corrective measures to firm wide risk managament problems, before regulators. In this article, the authors analyse whether self regulation approach is succesfull. In the light of literature and lessons of firm/system wide financial failures, we also analyze the risk discipline methods of self and official disciplines and their degree of efficieny. In this framework, we first conclude, however it may not provide optimal solutions to the risk management problems of financial intermediaries, more efficient risk management standards should develop. Secondly, based on observations of various firm/system wide failures in financial intermediaries, the authors believe more self regulation may increase risks of financial failures and systemic crisis.

Suggested Citation

  • Coskun, Yener & Kayacan, Murad, 2011. "Küresel Kriz ve Finansal Aracılarda Risk Yönetimi: Beyaz Sayfa Mı?
    [Global Financial Crisis and Risk Management in Financial Intermediaries: Is It White Page?]
    ," MPRA Paper 34910, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:34910
    as

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    File URL: https://mpra.ub.uni-muenchen.de/34911/1/MPRA_paper_34911.pdf
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    References listed on IDEAS

    as
    1. Coskun, Yener, 2010. "Global Financial Crisis, Problems in Official Discipline and Designing Optimal Official Discipline Framework (Küresel Kriz, Resmi Disiplin Sorunları ve Optimal Resmi Disiplin Sisteminin Tasarımı)
      [
      ," MPRA Paper 33628, University Library of Munich, Germany.
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    More about this item

    Keywords

    Risk; risk management; finansal intermediares; bankruptcy; financial failure;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G01 - Financial Economics - - General - - - Financial Crises

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