tailieunhanh - PROGRESS IN FINANCIAL SERVICES RISK MANAGEMENT: A SURVEY OF MAJOR FINANCIAL INSTITUTIONS

Savings banks’ commitment is expressed in different ways from one country to the other and this reflects the diverse legal and social traditions across Europe. Socially responsible activities are administered either by the savings banks directly or by other ad hoc vehicles set up for this specific purpose. Foundations for example were established by savings banks throughout Europe primarily to undertake such tasks. In Italy, they play a major role in projects linked to the preservation and promotion of cultural heritage. They also carry most of the savings banks’ projects in Sweden. In Germany, the Sparkassen-Finanzgruppe is much more than. | Contents 4 Executive summary 12 R esearch methodology and demographics 14 Risk culture 20 Risk appetite 28 Governance roles and responsibilities 32 Stress testing 38 Liquidity management 44 Capital management 48 Impact of Basel III 52 Recovery and resolution planning 56 Internal transparency data and systems 63 .

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