Banks and other financial institutions across the world use various approaches to quantify risk in their portfolios. Regulators require that value at risk (VaR), calculated based on the historical data, be used for certain reporting and capital allocation purposes. Currently, this simple risk measure, historical VaR or HsVaR, is computed by some firms using the full revaluation method, which is...

In this study, we use Stochastic Frontier analysis approach to estimate cost efficiency, economies of scale, and technological progress among Iranian banks from 1999 to 2012. The results show that there is a marked difference in cost efficiency before and after the recent financial sanctions against Iranian banking industry. Moreover, the results indicate that specialized government-owned banks...

Financial institutions cannot isolate themselves from the trend toward globalization. Willingly or unwillingly, banks are being forced to move toward worldwide operation. One of the most compelling reasons for this change is the enormous potential of global transactions, whereby banks can offer services and credit facilities worldwide, tailored to customers regardless of where they are based. G...

We document that trust in public institutions—and particularly trust in banks, business and government—has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy of the Great Recession, and those countries whose unemployment grew the most suffered the biggest loss ...

Financial institutions cannot isolate themselves from the trend toward globalization. Willingly or unwillingly, banks are being forced to move toward worldwide operation. One of the most compelling reasons for this change is the enormous potential of global transactions, whereby banks can offer services and credit facilities worldwide, tailored to customers regardless of where they are based. G...

ECAUSE of the many failures of banks and thrift institutions in recent years and the high cost of liquidating or reorganizing the bankrupt savings and loan associations, policymakers are now considering major changes in the way they supervise and regulate depository institutions in the United States. The Financial Institutions Reform, Recovery and Enforcement Act of 1989, which provides the fun...

IT landscape is the lifeline of any enterprise – managing it well thus becomes a key business imperative. This is especially true of banks and financial institutions as they function in an economic environment that is often at the brink of volatility. Changes in the market and evolving customer expectations directly impact processes, which necessitates tweaks to back-end IT applications and sof...

One of the most important obstacles to using Internet banking is the lack of Stability of transactions and some misuse in the course of transactions it is financial. That is why preventing unauthorized access Crime detection is one of the major issues in financial institutions and banks. In this article, a system of intelligence has been designed that recognizes Suspicious and unusual behaviors...