Abstract
The chapter analyses the current state and prospects for the development of risk management systems for financial intermediaries. The risk acceptance, assessment, and management activities are constantly evolving, remaining very sensitive to external and internal factors that increase the risks. The main trends in the development of risk management systems in the field of financial intermediation are rapid technologies evolution, competition intensification, growing needs and demands of customers, emergence of new types of risk, profitability reduction, etc. Risk management requires transforming operating models of financial intermediaries’ business, strengthening the role of the analytical function in decision-making, and adjusting risk appetite. This chapter is devoted to the study of these problems in terms of theory and practice of risk management.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Aleksashin, P. G., Aleskerov, F. T., Belousova, V. Y., Popova, E. S., & Solodkov, V. M. (2012). Dynamic analysis of business models of Russian Banks in the period 2006–2009: Preprint WP7/2012/03. Moscow: House of the Higher School of Economics
Allen, F., & Gale (2009). Understanding financial crises. Oxford: Oxford University Press
Bank for International Settlements. (2018). Structural changes in banking after the crisis. https://www.bis.org/publ/cgfs60.pdf.
Bank of Russia. (2020, July). Review of the banking sector of the Russian Federation (Internet Version). https://www.cbr.ru/banking_sector/statistics/.
Ben Naceur, S., & Omran, M. (2011). The effects of bank regulations, competition, and financial reforms on banks’ performance. Emerging Markets Review,12(1), 1–20.
Benston, G. J. (1994). Universal banking. Journal of Economic Perspectives,8(3), 121–143.
Berger, A. N., Herring, R. J., & Szegö, G. P. (1995). The role of capital in financial institutions. Journal of Banking & Finance,19(3–4), 393–430.
Casu, B., & Girardone, C. (2009). Testing the relationship between competition and efficiency in banking: A panel data analysis. Economics Letters,105(1), 134–137.
Curi, C., Lozano-Vivas, A., & Zelenyuk, V. (2015), Foreign bank diversification and efficiency prior to and during the financial crisis: Does one business model fit all? Journal of Banking & Finance, 1(1), 22–35
Deminguc-Kunt, A., & Huizinga, H. (2010). Bank activity and funding strategies: The impact on risk and return. Journal of Financial Economics,98(3), 626–650.
Deminguc-Kunt, A., & Detragiache, E. (2011). Basel Core Principles and bank soundness: Does compliance matter? Journal of Financial Stability,7(4), 179–190.
Dietrich, D., & Vollmer, U. (2012). Are universal banks bad for financial stability? Germany during the world financial crisis. The Quarterly Review of Economics and Finance,52(2), 123–134.
European Banking Federation. Banking in Europe: EBF facts & figures 2020.
Gropp, R., & Heider, F. (2010). The determinants of bank capital structure. Review of Finance,14(4), 587–622.
Haldane, A.G., & Alessandri, P. (2009). Banking on the state. Presented at the Federal Reserve Bank of Chicago Twelfth Annual International Banking Conference. https://www.bankofengland.co.uk/-/media/boe/files/paper/2009/banking-on-the-state.pdf.
International Monetary Fund. (2017). Global financial stability report, 2017. https://www.imf.org/en/Publications/GFSR/Issues/2017/09/27/global-financial-stability-report-october-2017.
Isaev, R. A. (2011). Banking management and business engineering. Moscow: INFRA-M.
Klomp, J., & de Haan, J. (2012). Banking risk and regulation: Does one size fit all? Journal of Banking & Finance,36(12), 3197–3212.
Klomp, J., & de Haan, J. (2014). Bank regulation, the quality of institutions, and banking risk in emerging and developing countries: An empirical analysis. Emerging Markets Finance and Trade,50(6), 19–40.
Kommersant. (2020, March 8). [Electronic resource]. https://www.kommersant.ru/doc/4390940.
Lozano-Vivas, A., & Pasiouras, F. (2010). The impact of non-traditional activities on the estimation of bank efficiency: International evidence. Journal of Banking & Finance,34(7), 1436–1449.
Petriaa, N., Caprarub, B., & Ihnatovic, I. (2019). Determinants of banks’ profitability: Evidence from EU 27 banking Systems. In 7th International Conference on Globalization and Higher Education in Economics and Business Administration, GEBA 2013 EBF Banking in Europe: EBF Facts & Figures 2019. https://www.ebf.eu/wp-content/uploads/2020/01/EBF-Facts-and-Figures-2019-Banking-in-Europe.pdf.
Repullo, R. (2004). Capital requirements, market power, and risk-taking in banking. Journal of Financial Intermediation,13(2), 156–182.
Schirenbeck, H., Lister, M., & Kirmse, S. (2019). Income-oriented banking management: Measuring profitability and risk in business [From German, Trans.]. Moscow: Olymp-Business
Vallascas, F., & Hagendorff, J. (2013). The risk sensitivity of capital requirements: Evidence from an international sample of large banks. Review of Finance,17(6), 1947–1988.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Panov, D., Larionova, I. (2021). Managing the Risks of Financial Intermediaries: Transforming Approaches and Reality. In: Panova, G. (eds) Financial Markets Evolution. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-71337-9_20
Download citation
DOI: https://doi.org/10.1007/978-3-030-71337-9_20
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-71336-2
Online ISBN: 978-3-030-71337-9
eBook Packages: Business and ManagementBusiness and Management (R0)