外文翻译---商业银行的风险管理：一个分析的过程

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1、 毕业论文 外文翻译 外文来源 Commercial Bank Risk Management: An Analysis of the Process 中文译文 商 业 银 行 表 外 业 务 风 险 控 制 2014 年 3 月 15 日部 （系） 商 学 部 专 业 金 融 学 姓 名 学 号 指导老师 Commercial Bank Risk Management: An Analysis of the Process Rui He Trends and issues inCommercial Bank Risk Management Abstract Throughout the pa

2、st year, on-site visits to financial service firms were conducted to review and evaluate their financial risk management systems. The commercial banking analysis covered a number of North American super-regionals and quasimoney-center institutions as well as several firms outside the U.S. The inform

3、ation obtained covered both the philosophy and practice of financial risk management. This article outlines the results of this investigation. It reports the state of risk management techniques in the industry. It reports the standard of practice and evaluates how and why it is conducted in the part

4、icular way chosen. In addition, critiques are offered where appropriate. We discuss the problems which the industry finds most difficult to address, shortcomings of the current methodology used to analyze risk, and the elements that are missing in the current procedures of risk management. 1. . Intr

5、oduction The past decade has seen dramatic losses in the banking industry. Firms that had been performing well suddenly announced large losses due to credit exposures that turned sour, interest rate positions taken, or derivative exposures that may or may not have been assumed to hedge balance sheet

6、 risk. In response to this, commercial banks have almost universally embarked upon an upgrading of their risk management and control systems. Coincidental to this activity, and in part because of our recognition of the industrys vulnerability to financial risk, the WhartonFinancialInstitutionsCenter

7、, with the support of the Sloan Foundation, has been involved in an analysis of financial risk management processes in the financial sector. Through the past academic year, on-site visits were conducted to review and evaluate the risk management systems and the process of risk evaluation that is in

8、place. In the banking sector, system evaluation was conducted covering many of North Americas super-regionals and quasimoney-center commercial banks, as well as a number of major investment banking firms. These results were then presented to a much wider array of banking firms for reaction and verif

9、ication. The purpose of the present article is to outline the findings of this investigation. It reports the state of risk management techniques in the industryquestions asked, questions answered, and questions left unaddressed by respondents. This report can not recite a litany of the approaches us

10、ed within the industry, nor can it offer an evaluation of each and every approach. Rather, it reports the standard of practice and evaluates how and why it is conducted in the particular way chosen. But, even the best practice employed within the industry is not good enough in some areas. Accordingl

11、y, critiques also will be offered where appropriate. The article concludes with a list of questions that are currently unanswered, or answered imprecisely in the current practice employed by this group of relatively sophisticated banks. Here, we discuss the problems which the industry finds most dif

12、ficult to address, shortcomings of the current methodology used to analyze risk, and the elements that are missing in the current procedures of risk management and risk control. 2. What type of risk is being considered? Commercial banks are in the risk business. In the process of providing financial

13、 services, they assume various kinds of financial risks. Over the last decade our understanding of the place of commercial banks within the financial sector has improved substantially. Over this time, much has been written on the role of commercial banks in the financial sector, both in the academic literature and in the financial press. These arguments will be neither reviewed nor enumerated here.