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Risks in Financial Institutions

In: RISK ANALYTICS From Concept to Deployment

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  • EDWARD H K NG

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…

Suggested Citation

  • Edward H K Ng, 2021. "Risks in Financial Institutions," World Scientific Book Chapters, in: RISK ANALYTICS From Concept to Deployment, chapter 8, pages 91-98, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811239069_0008
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    Cited by:

    1. Laktuka, Krista & Pakere, Ieva & Kalnbalkite, Antra & Zlaugotne, Beate & Blumberga, Dagnija, 2023. "Renewable energy project implementation: Will the Baltic States catch up with the Nordic countries?," Utilities Policy, Elsevier, vol. 82(C).

    More about this item

    Keywords

    Risk; Modeling; Basel II; Quantification; Data Management; Data Integration; Decision Support; Online Analytical Programming;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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