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Risk Management - Looking to the Future. Approaching the 21st century, are fewer financial institutions surviving without a risk management department?

Lane, Therese (1999) Risk Management - Looking to the Future. Approaching the 21st century, are fewer financial institutions surviving without a risk management department? Undergraduate thesis, Dublin, National College of Ireland.

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Abstract

This study examines risk management and its role in financial institutions concerned with consumer lending. It looks at the key issues surrounding risk management issues such as the steps to risk management, credit scoring, the importance of human judgment, and identifies the key players in the development of the theoretical frameworks, in the field. Other important issues considered are those of consumer protection, the use of technology and the question of whether risk management is an art or a science. The study also compares the use of risk management in four major financial institutions two in Ireland, two in the U.S. This comparison was carried out by means of interviews with the relevant senior level personnel in the four companies. It was found that, for these institutions risk management is a well-developed and important strategy and is extensively used. However while the American Institutions have highly developed and sophisticated risk management strategies in place the Irish Institutions are more ambivalent and have less developed processes in place. The study concludes by making recommendations regarding consumer protection and the education of personnel involved in the risk management business.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HG Finance > Financial Services
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Divisions: School of Business > BA (Honours) in European Business and Languages
Depositing User: SINEAD CORCORAN
Date Deposited: 31 Aug 2010 13:22
Last Modified: 03 Dec 2014 13:53
URI: http://trap.ncirl.ie/id/eprint/450

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