By GARP (Global Association of Risk Professionals)
GARP's Foundations of Banking probability and law introduces probability execs to the complex elements and terminology in banking probability and law globally. It is helping them advance an figuring out of the equipment for the size and administration of credits danger and operational threat, and the law of minimal capital requisites. It educates them approximately banking law and disclosure of industry details. The e-book is GARP's required textual content utilized by hazard pros seeking to receive their overseas Certification in Banking probability and law.
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Extra info for Foundations of Banking Risk: An Overview of Banking, Banking Risks, and Risk-Based Banking Regulation
EXAMPLE In August 2007, Northern Rock, a bank focused on financing real estate in the United Kingdom, announced that it needed emergency funding from the Bank of England. Northern Rock was a relatively small bank that did not have a sufficient depositor base to fund new loans from deposits. It financed new mortgages by selling the mortgages it originated to other banks and investors and by taking out short-term loans, making it increasingly vulnerable to changes in the financial markets. How much financing Northern Rock could raise depended on two factors.
Boards engage external auditors to judge the effectiveness of the company’s internal controls. • Boards should review, in a timely and effective manner, the auditor’s findings and recommendations and require prompt correction by senior management of problems identified by auditors. 4 Transparency Transparency helps stakeholders, investors, the public, and regulators to evaluate the performance of the bank and how effectively senior management and the board fulfill their responsibilities. The degree of transparency relates to the degree of disclosure.
7. 7 FirstBank’s balance sheet Assets in million USD Cash Government bonds Amount Loans to local government, net Loans to SMEs, net Loans to large corporations, net Total loans 190 200 500 Total 10 100 890 1,000 Liabilities in million USD Short-term deposits Long-term deposits Subtotal deposits Short-term financing Long-term bonds Subtotal other liabilities Total liabilities Equity Total Amount 300 250 550 200 150 350 900 100 1,000 Now, let us suppose that Mega Construction is unable to repay the loan and defaults.