A different member said that the nonperforming-loan problem was at the root of problems such as a decline in the function of the money market and the movements of funds in demand deposits, and therefore, it was necessary to maintain careful monitoring of developments in liquidity risk of financial institutions.
According to this member, factors that had caused a worsening of business conditions since September 1998 included(1) the heightened anxiety about liquidity risk in the financial markets at home and abroad;(2) the intensifying uncertainty over the outlook for corporate performance, reflecting the rise of the yen since October 1998; and(3) the weaker-than-expected private consumption.
Considering the abundance of funds invested globally, what central banks need to do is mitigate liquidity risks and anxiety about the stability of the financial system through market operations with the aim of avoiding a credit crunch. However, they should leave the repricing of financial assets to the market.
The national implementation of higher level and better quality capital requirements, counter-cyclical capital buffers, higher capital requirements for risky products and off-balance sheet activities, as elements of the Basel II Capital Framework, together with strengthened liquidity risk requirements and forward-looking provisioning, will reduce incentives for banks to take excessive risks and create a financial system better prepared to withstand adverse shocks.
Members were generally agreed on the following view on stock prices, which had been weak, moving at around the lowest level recorded since the bursting of the bubble: although the weakness in stocks had not led to any increase in liquidity risk or credit risk, the effects of the fall in stock prices, including those on life insurance companies and other firms that held bank stocks, required careful monitoring.
Specifically, many members pointed out that favorable developments had appeared in the financial markets reflecting the positive effects of the monetary easing and public funds injection, such as(1) the significant abatement of concern about liquidity risk and credit risk in the interbank market;(2) stabilization of long-term interest rates and foreign exchange rates; and(3) the recovery in stock prices.
外貨流動性リスク。
Foreign currency liquidity risk.
流動性リスク管理。
(6) Liquidity Risk Management.
流動性リスク管理体制。
Liquidity Risk Management System.
ファンド投資流動性リスク。
Liquidity risk management.
流動性リスク:売却したいときに売却できないリスク。
Liquidity risk: the risk of not being able to sell the security when needed;
流動性リスク管理を改善するための重要な機会を探る。
Exploring key opportunities for improving liquidity risk management.
そのうえで、グローバルな流動性リスク管理体制を一層充実させることが求められる。
On top of that, they are required to further enhance their liquidity risk management system on a global basis.
金融機関は、流動性リスク管理の改善に向けて不断の努力を続ける必要がある。
Financial institutions need to strive constantly to improve liquidity risk management.
投資リスクに関しては、市場リスク、流動性リスク、信用リスクに分けて説明しました。
Within the investment risk group, we presented the concepts of market risk, liquidityrisk, and credit risk..
流動性リスクとカウンターパーティーリスクは買い手側でそれぞれ36%と33%と高く評価されました。
Liquidity risk and counterparty risk scored high for the buy side with 36 percent and 33 percent, respectively.
流動性リスク管理とは、銀行が以下を行うためのプロセスと戦略を総合したものです。
Liquidity risk management encompasses the processes and strategies a bank uses to.
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