| _version_ | 1866902002587402240 |
|---|---|
| author | Doshi, Kinil |
| author_facet | Doshi, Kinil |
| contents | <p>This article is a guide that goes hands-on with understanding the nature of high-risk parallel with the over-restrictive compliance with the regulatory standard in the area of banking operations. The underlying assumption is that risk management is a cornerstone for banking operations and compliance with regulations. The article demystifies banking risks with its classifications: credit/counterparty, market, operational, liquidity, reputational, and regulatory. It further discloses how the are identified, assessed, mitigated, and monitored is used to avoid monetary damages while simultaneously improving the efficiency of bank operations. Furthermore, this guide goes through risk management techniques namely diversification, hedging and risk transfer, risk avoidance, and stress testing. Additionally, the paper highlights a governance framework that features policies, a risk-aware culture, skilled personnel, and IT. Finally, the basics are laid down according to which the Basel Accords, the Dodd-Frank and the Sarbanes-Oxley Acts have an undeserved effect, and banks are unanimously penalized for their failure to comply with their standards. The Basel Accords, the Dodd-Frank and the Sarbanes-Oxley Acts compliance risk is what makes banks work quickly in order to avoid penalties. Given the example of banks’ fate in the environment of forwarding risk in the seemingly peaceful alternating of Dodd-Frank and Basel Accords schedules, and the quick adjustment to current risk situations, it becomes clear in what way good and bad practices generate a trust and disbelief in banking operations. The given guide is a good reference for professional ego for better risk and regulatory knowledge concerning banking regime in an ever-changing financial environment.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_14807434 |
| institution | Zenodo |
| language | eng |
| publishDate | 2023 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Risk and Regulatory Compliance in Banking: A Comprehensive Guide Doshi, Kinil Risk Management Regulatory Compliance Banking Sector Risk Assessment Financial Stability <p>This article is a guide that goes hands-on with understanding the nature of high-risk parallel with the over-restrictive compliance with the regulatory standard in the area of banking operations. The underlying assumption is that risk management is a cornerstone for banking operations and compliance with regulations. The article demystifies banking risks with its classifications: credit/counterparty, market, operational, liquidity, reputational, and regulatory. It further discloses how the are identified, assessed, mitigated, and monitored is used to avoid monetary damages while simultaneously improving the efficiency of bank operations. Furthermore, this guide goes through risk management techniques namely diversification, hedging and risk transfer, risk avoidance, and stress testing. Additionally, the paper highlights a governance framework that features policies, a risk-aware culture, skilled personnel, and IT. Finally, the basics are laid down according to which the Basel Accords, the Dodd-Frank and the Sarbanes-Oxley Acts have an undeserved effect, and banks are unanimously penalized for their failure to comply with their standards. The Basel Accords, the Dodd-Frank and the Sarbanes-Oxley Acts compliance risk is what makes banks work quickly in order to avoid penalties. Given the example of banks’ fate in the environment of forwarding risk in the seemingly peaceful alternating of Dodd-Frank and Basel Accords schedules, and the quick adjustment to current risk situations, it becomes clear in what way good and bad practices generate a trust and disbelief in banking operations. The given guide is a good reference for professional ego for better risk and regulatory knowledge concerning banking regime in an ever-changing financial environment.</p> |
| title | Risk and Regulatory Compliance in Banking: A Comprehensive Guide |
| topic | Risk Management Regulatory Compliance Banking Sector Risk Assessment Financial Stability |
| url | https://doi.org/10.5281/zenodo.14807434 |