THE MANAGEMENT OF INTEREST RATE RISK OF BANKS AND MODELS OF ASSESSMENT
Keywords:
Management, interest rate, risk of banks, models, assessmentAbstract
When defining the strategic vision of the bank, it is essential that the management team of the bank has in mind the strategic success factors of the Bank in the coming period. In the modern business bank banking transactions classic lose current importance and is slowly but surely giving way to more space bank operations on a global scale. These business trends are conditioned by the globalization of bank flows, the internationalization of banks' operations, growing market demands. The circumstances surrounding the modern banking business are different kinds of risks, known under the common name - banking risks. Interest rate risk is not always in character over the others, but comes to its uniqueness and specificity compared to other types of risk in banks. Different analytical approaches and assessment models, leaving enough space for adequate monitoring and managing interest rate risk in banks. The control and management of interest rate risk presents new challenges for the banking theory and practice. Business management systems in banks are based on three key interrelated systems, relating to the control system, the operating system and the information system of the bank. The Bank's strategy is its vision and framework setting out the nature and specific courses of action operations.
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