[工程科技]The Place of Risk Management in Financial Institutions.pdfVIP

Financial The Place of Risk Management Institutions in Financial Institutions Center by George S. Oldfield Anthony M. Santomero 95-05-B THE WHARTON FINANCIAL INSTITUTIONS CENTER The Wharton Financial Institutions Center provides a multi-disciplinary research approach to the problems and opportunities facing the financial services industry in its search for competitive excellence. The Centers research focuses on the issues related to managing risk at the firm level as well as ways to improve productivity and performance. The Center fosters the development of a community of faculty, visiting scholars and Ph.D. candidates whose research interests complement and support the mission of the Center. The Center works closely with industry executives and practitioners to ensure that its research is informed by the operating realities and competitive demands facing industry participants as they pursue competitive excellence. Copies of the working papers summarized here are available from the Center. If you would like to learn more about the Center or become a member of our research community, please let us know of your interest. Anthony M. Santomero Director The Working Paper Series is made possible by a generous grant from the Alfred P. Sloan Foundation The Place of Risk Management in Financial Institutions 1 This Version: January 1997 Abstract: The purpose of this paper is to address two issues. It defines the appropriate role played by