Introduction: A good risk management framework anticipates, detects, acknowledges and responds to changes and events in an appropriate and timely manner. Risk reporting provides a regular mechanism to direct updates to key stakeholders, ensuring the right information is given to the right people, at the right level, at the right time. As a minimum this […]
Introduction: The processes shall be structured to include ‘timely, accurate and useful risk reporting to enhance the quality of decision-making and support management and oversight bodies in meeting their responsibilities’. Risk reporting is a key component of the risk management framework, providing insight and confidence to both internal and external stakeholders. Good risk reporting offers
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Introduction: In the dynamic landscape of banking, managing funding costs is a supreme concern for financial institutions seeking stability, competitiveness, and sustained growth. Subsidizing costs, addressing the costs related with getting the vital money to work, can essentially influence a bank’s productivity and generally monetary execution. As economic situations develop, loan fees change, and administrative
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In economics, game theory is a mathematical framework used to analyze the strategic interactions amongst logical decision-makers. It examines the decisions and actions made by people or businesses when the results of their choices are influenced by both their own and other people’s activities. It is commonly used to comprehend and forecast participant behavior in
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Blockchain and cryptocurrency have had a significant impact on the banking industry, introducing new opportunities and challenges. Blockchain and cryptocurrency are two closely related concepts, but they serve distinct purposes. Let’s explore their roles separately; Blockchain in banking: Blockchain technology is a distributed and decentralized ledger system that allows secure and transparent recording of transactions
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Banking these days has become innovative and with full of technology where the services level has gone up as customers can enjoy real time banking at any time and anywhere, which is resulted in more satisfaction for customers due to easy accessibility. Following are examples of Modern concepts in banking which are changing the old
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Introduction to Cost of Funds: The cost of funds refers to the interest rate that a financial institution or a company has to pay to obtain funds. It is the cost that a company or a financial institution incurs in order to borrow money or raise capital. The cost of funds is usually determined by
Finance is a critical component of the banking industry. Banks are financial institutions that offer a wide range of financial services, such as deposit accounts, loans, credit cards, and investment products. The financial activities of banks are closely tied to the field of finance, which deals with managing financial resources, investment decisions, risk management, and
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Corporate finance is a field of finance that deals with the financial management of corporations. It involves managing the financial resources of a company and making strategic decisions to maximize shareholder value. Corporate finance is essential for the long-term success and sustainability of a company, and it covers a broad range of financial activities, such
Money management refers to the process of managing and controlling one’s financial resources effectively. Effective money management involves understanding your financial situation, setting financial goals, creating a budget, saving, investing, and controlling debt. It is a crucial life skill that helps individuals to achieve financial stability and security. The first step in effective money management
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