Hackers, Models, and Greenhouse Gases—Breaking Down Risk Management
For companies, development inevitably comes with an increase in the volume and variety of risks faced. Risk management helps to foresee these risks, adapt to them, and achieve strategic goals. Dzhangir Dzhangirov, Senior Vice President, Chief Risk Officer at SBER, delivered a lecture to HSE ICEF students on how risk management works in the banking system and what new challenges companies face in the fintech era.
Do Banks Always Need to Know as Much as Possible about Borrowers?
Economists from HSE University have demonstrated that collecting as much information as possible about borrowers does not always decrease banks’ risks. Sometimes, more is not better: on the contrary, increasing the volume of data might increase the risks of loan defaults to a certain extent. The study was published in the WP BRP HSE University, Series: Financial Economics series of working papers.
The Russian Banking System has High Adaptability
How has the crisis influenced the banking sector? Why is the Central Bank increasing its requirements from bankers? How many banks does the economy need altogether? These were the topics discussed by Mikhail Kovrigin, director of the Central Bank of Russia’s Banking Regulation and Oversight Department, at a meeting with members of the HSE Banking Institute.
Iftekhar Hasan: Institutional development ensures banking system stability
The HSE has held the fourth annual workshop ‘Banking in Emerging Markets: Challenges and Opportunities’, organized by National Research University Higher School of Economics (CInSt HSE) with the support of the Bank of Finland Institute for Economies in Transition (BOFIT).
Does Russian banking face troubles?
While some economists suggest that bankers may be exaggerating the problems in order to win more cheap state funding, most agree that bad loans are set to surge. Y.Gavrilenkov, the HSE expert, mentiones some aspects of the problem.