Derivatives and Risk Management in the Banking Industry

Abraham Mulugetta, Hristo Hadjinikolov
{"title":"Derivatives and Risk Management in the Banking Industry","authors":"Abraham Mulugetta, Hristo Hadjinikolov","doi":"10.32890/IJBF2004.2.1.8344","DOIUrl":null,"url":null,"abstract":"The purpose of this study is to examine issues surrounding the enactment of Financial Accounting Statement 133 (SFAS 133) in managing risk in the banking industry. It examined the financial statements of ten major U.S. banks by investigating their 10Ks and 10Qs from 1999 to 2002. It found out that banks that had large hedge positions before SFAS 133 reduced their exposures for a while and increased their positions in 2002. Interestingly, those banks with small hedged positions before the rule, increased their positions after the adoption of SFAS 133. As expected the statement increased the degree of disclosure and transparency of derivatives activities which compliments the Sarbanes Oxley Act of 2002.","PeriodicalId":170943,"journal":{"name":"The International Journal of Banking and Finance","volume":"20 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2004-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The International Journal of Banking and Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32890/IJBF2004.2.1.8344","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

The purpose of this study is to examine issues surrounding the enactment of Financial Accounting Statement 133 (SFAS 133) in managing risk in the banking industry. It examined the financial statements of ten major U.S. banks by investigating their 10Ks and 10Qs from 1999 to 2002. It found out that banks that had large hedge positions before SFAS 133 reduced their exposures for a while and increased their positions in 2002. Interestingly, those banks with small hedged positions before the rule, increased their positions after the adoption of SFAS 133. As expected the statement increased the degree of disclosure and transparency of derivatives activities which compliments the Sarbanes Oxley Act of 2002.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
银行业衍生品与风险管理
本研究的目的是研究围绕金融会计报表133 (SFAS 133)在银行业管理风险的颁布问题。该委员会对美国10家主要银行从1999年到2002年的10k和10q财务报表进行了调查。该机构发现,在SFAS 133之前持有大量对冲头寸的银行,在一段时间内减少了风险敞口,并在2002年增加了头寸。有趣的是,那些在新规则出台前持有少量对冲头寸的银行,在新规则出台后增加了对冲头寸。正如预期的那样,该声明提高了衍生品活动的披露程度和透明度,这是对2002年《萨班斯-奥克斯利法案》的补充。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
LEVERAGE AND IPO PRICING: EVIDENCE FROM MALAYSIA COMPARISON OF THE PASS-THROUGH SPEED MODELS OF DIFFERENT MARKETS: AN EMPIRICAL STUDY OF THE MARKETS OF MAINLAND CHINA AND TAIWAN THE IMPACT OF MANAGERIAL CHARACTERISTICS ON CAPITAL STRUCTURE IN MALAYSIAN MANUFACTURING SMES Predicting Implied Volatility in the Commodity Futures Options Markets Separate Legal Entity Under Syariah Law and its Application on Islamic Banking in Malaysia: A Note
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1