Got a tricky question? Receive an answer from students like you! Try us!

An Evaluation of Enterprise Risk management value to banking sector of Zimbabwe - Assignment Example

Only on StudentShare
Ph.D.
Assignment
Finance & Accounting
Pages 22 (5522 words)

Summary

An Evaluation of Enterprise Risk management value to banking sector of Zimbabwe Table of Contents 1. Introduction and Background to the Research 3 2. Statement of Problem 5 3. Objectives of Research 5 3.1. Specific Objectives 5 3.2. General Objectives 6 4…

Extract of sample
An Evaluation of Enterprise Risk management value to banking sector of Zimbabwe

Population and Sample 20 7.3. Data collection instruments, sources and procedures 21 7.4. Data analysis and procedure 23 8. Time Frame and Budgetary Consideration 24 References 26 Bibliography 29 1. Introduction and Background to the Research The Zimbabwean economy has faced tremendous challenges in the banking sector after the liquidity crisis of 2003. The consequences of liquidity crisis declined the purchasing power of Zimbabwean currency at the level of 1953. As a consequence, the people who were extremely poor had to pay with their lives due to inability to cope with persistence economic shock. The Government of Zimbabwe has often been found to make the drought or the macro-economic factors responsible for the liquidity crisis. According to the Reserve Bank the main causes that triggered solvency and liquidity crisis were poor corporate governance, inadequate risk management, rapid expansion, overstatement of capital, creative accounting, speculative trades, high level of non-performing assets, and unsustainable earnings. At the beginning of the year 2009, the multi currency system was adopted by the Government of Zimbabwe that preferred Pound, US$, and Rand as means of transaction by business entities and public. This was mainly because the local currencies had become almost useless since the year 2008. ...
Download paper
Not exactly what you need?

Related Essays

Risk Management for Finance Sector Enterprises
These risks affected the Bank after the merging of banking and securities business. The failure to manage these risks appropriately lasted to the collapse of the bank. “The failure of Barnings in early 1995 and the circumstances surrounding the discovery of large trading losses at Daiwa in New York in that year, as well as the more recent experiences of losses at Sumitomo, show that risk management must be made  to work in practice as well as theory”. The circumstances that led to the collapse of Barings bank are mainly the failure in managing the market risks. The power to manage the…
19 pages (4769 words)
Equilibrium and competition in the banking sector
Literature speaks of limited equilibrium modelling. General equilibrium, according to researchers depends on various market conditions. Further, level of equilibrium in banking industry depends on competition and financial stability, which depends further on banks’ risk-taking initiatives. Literature review discusses the opinions of various authors on the banking products as trade off between competition and financial stability on different risk choices. Various risk-transferring models are discussed. Role played by bank supervising technologies forms part of various models. New models of…
14 pages (3514 words)
Quantifying systemic risk in the European banking sector. A multidimensional approach
Systemic risk is the ultimate threat, its sources are varied and the propagation mechanisms involve major imbalances. The financial banking domain supports the present research, a choice motivated by the imperative of identifying potential risk-carrying factors in order to deeply analyse their impact and raise mechanisms for an efficient calibration of financial exposure levels. A major breakup within the banking sector, initially designed to serve the real economy generates severe imbalances with long-term implications for the whole financial industry and potential destructive nature for the…
20 pages (5020 words)
risk management
This created a bubble in the housing finance sector and mortgage properties. Investment banks and other financial institutions started to lend money to the mass of people as well as corporate houses for purchase of land or other business purposes. The land and housing properties were kept as mortgage serving as underlying securities for those loans. These loans were granted to the borrowers without looking at repayment feasibility of the loans or without carrying out adequate evaluation of the credit parameters. The credit parameters like income of the borrower, assets available to service the…
12 pages (3012 words)
UAE Banking Sector
Page 3 Find the ratio of Housing Loans/ Housing Debt in UAE……………………. page 4 What are the components of housing loans in UAE…………………………… page 4 What are the consequences of not paying the housing loans?. page 5 Analysis and Valuation……………………………………………………. Page 6 Current banking policy regarding real estate exposure in UAE …………. page 6 Stress testing…………………………………………………………………………. Page 7 Recommendations and…
8 pages (2008 words)
risk management
The systemic risk governance requires unity between the countries and enclosure within the process of industry, government, academia and the civil society. Governance is defined as the processes, traditions, actions and institutions by which the authority exercises and takes decision which is then implemented (Aven & Vinnem, 2007). Risk Governance The term risk governance can be defined as the assessment, identification, management and communication of the risks in a board framework. It comprise of “actors, rules, conventions, processes and mechanisms and is concerned with how relevant risk…
14 pages (3514 words)
Report on Aspects of the Contemporary Banking Sector - Risk and Profitability Analysis
According to the Sunday Times, HSBC’s commitment to sustainability has been recognized thus listed in the Best Green Companies List (2010). RBS is a retail banking institution under the RGS Group; it provides banking services including loans, deposits accounts and insurance. It is the largest bank in UK and the fourth largest bank globally. RBS is listed as the second best for customer satisfaction among the major high street banks. Barclays bank is another major bank having the largest network of ATMs in the region. It is the first UK bank to give local business customers access to online…
4 pages (1004 words)