坚持业务发展和风险控制并重促进银行卡产业健康发展

2009年是中国银行卡快速发展的一年,也是风险形势日益严峻的一年。人民银行按照贯彻实施科学发展观和建设社会主义和谐社会的要求,坚持业务发展和风险控制并重,一手抓业务发展,一手抓风险控制,     

强化风险意识 落实岗位责任—对农业银行太仓市支行着力实现信用卡透支零不良的调查

近年来,农业银行太仓市支行在信用卡业务发展中,坚持一手抓营销拓展,一手抓风险管理。取得明显成效,至2008年3月底,贷记卡累计发卡量超过9500张。动卡率达到40％,1-3月贷记卡累计消费2996万元,月均透支额达到650万元,实现贷记卡业务收入13.3万元,比去年同期增加10万元;在风险控制方面,自贷记卡发行以来。     

健全工作机制 夯实管理基础──农业银行扬州分行案件防控工作透视

当前,金融系统案件频发,有些案件经媒体炒作后,给有关银行造成了一定的声誉风险。为此,在狠抓业务发展的同时,如何有效防范风险案件,是摆在银行业金融机构面前的一项紧迫课题。农业银行扬州分行坚持一手抓业务经营,一手抓风险控制和案件防范,不断推进惩防体系建设,深化案件专项治理。集中力量、集中时间进行全面深入的案件风险排查,坚持排查与整改相结合,教育与惩戒相结合,为保证不发生大的风险和案件作了积极的尝试。     

发展小型民营企业贷款之浅见

新世纪以来，农业银行坚持“将农行发展成为全国最大的零售商业银行”战略方向，在信贷业务上采取“个人与法人”并重，一手抓个人资产业务拓展，一手抓法人贷款支撑，信贷规模、质量跃上了一个新层次。然而，由于当前农行对法人贷款条件要求过高，如企业必须开办三年以上(需经     

经营风险防控必须多管齐下综合治理——宿州分行风险管理的几点启示

商业银行风险管理是一项系统工程,它涉及环节多、覆盖范围广,工作上稍有疏忽,就会给业务经营带来不同程度的损失。近几年来,宿州分行始终坚持一手抓改革,一手抓发展,一手抓拓展,一手防风险,把风险管理渗透到业务经营全过程,覆盖至经营管理各个环节,多管齐下,综合治理,全方位加强内控监管,有效预防和杜绝了各类经济、刑事案件和大的经营风险发生,经营效益节节攀升,业务经营实现了质量和效益的同步发展。     

完善经营机制 防范化解风险努力提高我省农行经营效益

1999年,全省农行系统的总体要求是：要坚持＂两个文明＂一起抓,从严治行优化结构,完善机制,防范化解风险,提高经营效益,积极支持我省城乡经济持续健康发展。一、坚持加快发展与防范风险并重,努力提高信贷资产质量首先要大力组织资金,增强实力,把组织存款工作列人＂行长第一工程＂。积极开发负债新品种,利用实时电子汇兑系统推广务工汇兑转储业务,提高网点＂单产”和人均效益。大力发展侨汇业务,办好欧元业务。改善银行卡用卡环境,把以理财为特征的金穗万事顺卡培植成为拳头产品。其次要实施信贷“双优”战略,优比贷款结构。按…     

中行提出下半年工作任务

中行提出下半年工作任务本刊讯记者从日前结束的中国银行全国分行行长工作会议上了解到，今年上半年中行一手抓内部管理，坚持依法合规经营，防范金融风险，一手抓改革发展，提高经济效益，各项工作进展顺利。中国银行行长王雪冰在会议上指出，下半年中行主要任务是努力防...     

信贷管理把好“五关”实现贸易融资业务高质量发展

近年来,建设银行河北省分行积极适应宏观调控和信贷政策调整的形势,坚持统筹兼顾,一手抓拓展,一手防风险,努力把好外汇信贷管理“五关”,促进了全分行贸易融资业务高质量健康发展,连续四年没有发生一笔不良贷款,继续保持着信用证项下无垫款的记录。贸易融资业务的高质量运行,提升了国际业务价值创造力,促进了国际业务的全面协调可持续发展。     

坚实的基石 发展的保障——阜阳分行颍州区支行内控管理建设侧记

为做到发展、质量、速度和效益的统一,阜阳分行颍州区支行一手抓经营,一手抓管理．在实践中探索出了一条内控管理的新路子：他们把抓基层、打基础、强素质、筑防线做为全行内控管理的重点,内控与外防结合,治标与治本并重,实现了贷款无沉淀、经营无风险、安全无事故,推动了各项业务的全面发展。     

加强基层外汇管理内控监督机制建设的思考

(一)提高对内部控制机制建设重要性的认识.一是把建立健全内部控制机制当作工作重点来抓,积极汲取一些先进的管理手段和先进的内控管理理念,坚持业务发展、内控监督两手抓,在防范风险的基础上发展业务.……     

美元强势仍将延续外汇市场走势分化

2014年主要经济体复苏进程和货币政策分化,下半年以来,国际外汇市场货币走势分化,市场交易量持续上升,波动性加大。文章基于2014年以来国际外汇市场走势及其影响因素的分析,展望国际外汇市场当前分化走势的延续性。     

Resource rents; when to spend and how to save

Countries with substantial revenues from renewable resources face a complex range of revenue management issues. What is the optimal time profile of consumption from the revenue, and how much should be saved? Should saving be invested in foreign funds or in the domestic economy? How does government policy influence the private sector, where sustainable growth in the domestic economy must ultimately be generated? This paper develops the issues in a simple two-period model, and argues that analysis must go well beyond the simple permanent income approach sometimes recommended.     

Knowing what to sell, when, and to whom

Despite an abundance of data, most companies do a poor job of predicting the behavior of their customers. In fact, the authors' research suggests that even companies that take the greatest trouble over their predictions about whether a particular customer will buy a particular product are correct only around 55% of the time--a result that hardly justifies the costs of having a CRM system in the first place. Businesses usually conclude from studies like this that it's impossible to use the past to predict the future, so they revert to the timeworn marketing practice of inundating their customers with offers. But as the authors explain, the reason for the poor predictions is not any basic limitation of CRM systems or the predictive power of past behavior, but rather of the mathematical methods that companies use to interpret the data. The authors have developed a new way of predicting customer behavior, based on the work of the Nobel Prize-winning economist Daniel McFadden, that delivers vastly improved results. Indeed, the methodology increases the odds of successfully predicting a specific purchase by a specific customer at a specific time to about 85%, a number that will have a major impact on any company's marketing ROI. What's more, using this methodology, companies can increase revenues while reducing their frequency of customer contact-evidence that overcommunication with customers may actually damage a company's sales.     

Fintech and access to finance

This article surveys research on the effects of digitalization on access to finance. We focus the review on access through fintech. We review the growth of three main fintech technologies, fintech lending (incl. peer-to-peer lending), crowdfunding and initial coin offerings. We discuss existing evidence on how fintech affects access to finance for firms and investors and consider the regulatory challenges it poses. We incorporate the papers in this special issue, underlining their significant contributions to our understanding of the digitalization of finance and its effects. Finally, we discuss the challenges of research in the digital finance area and propose some new avenues for future research.     

Response to Nelson and Schwartz

In responding to Nelson and Schwartz's [2008. The impact of Milton Friedman on modern monetary economics: setting the record straight on Paul Krugman's “Who was Milton Friedman?”. Journal of Monetary Economics 55, this issue] critique of my “Who Was Milton Friedman”, I focus on three central economic topics: (i) whether it is reasonable to claim that the Federal Reserve caused the Great Depression; (ii) whether monetary policy had the power to engineer an economic recovery after the onset of the depression; and (iii) whether monetarism succeeded or failed. On all these key points, I reject the criticisms of Nelson and Schwartz.     

Assessing risk-taking: what to measure and how to measure it

Abstract

Risk-taking has been a major field of interest for scientists and for applied purposes since decades. However, many researchers have noted that the current measurement instruments fail to show adequate validity and predictive power. Given the recent calls to develop new measures, this paper aims to highlight six key points that should be kept in mind when constructing or using measures of risk-taking concepts. Specifically, we encourage risk-taking scholars (a) to pay close attention to the terminology used in studies, (b) to distinguish measures of general and specific risk-taking, (c) to distinguish risk-taking from the appeal of risky activities, (d) to keep in mind the subjectivity of risk-taking, (e) to consider the measurement of passive risk-taking, and (f) to favour more realistic risk-taking tasks. Overall, these recommendations should help researchers to design and use more relevant risk-taking measures.     

Driven to Distraction: Extraneous Events and Underreaction to Earnings News

Recent studies propose that limited investor attention causes market underreactions. This paper directly tests this explanation by measuring the information load faced by investors. The  investor distraction hypothesis  holds that extraneous news inhibits market reactions to relevant news. We find that the immediate price and volume reaction to a firm's earnings surprise is much weaker, and post-announcement drift much stronger, when a greater number of same-day earnings announcements are made by other firms. We evaluate the economic importance of distraction effects through a trading strategy, which yields substantial alphas. Industry-unrelated news and large earnings surprises have a stronger distracting effect.