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Derivatives and Risk Management in the Banking Industry

The purpose of this study is to examine issues surrounding the enactment of Financial Accounting Statement 133 (SFAS 133) in managing risk in the banking industry. It examined the financial statements of ten major U.S. banks by investigating their 10Ks and 10Qs from 1999 to 2002. It found out that b...

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Main Authors: Mulugetta, Abraham, Hadjinikolov, Hristo
Format: Article
Published: Universiti Utara Malaysia Press 2004
Subjects:
HG Finance
Online Access:http://repo.uum.edu.my/25111/
http://ijbf.uum.edu.my/index.php/previous-issues/133-the-international-journal-of-banking-and-finance-ijbf-vol-2-no-1-june-2004
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spelling my.uum.repo.251112018-11-01T01:24:03Z http://repo.uum.edu.my/25111/ Derivatives and Risk Management in the Banking Industry Mulugetta, Abraham Hadjinikolov, Hristo HG Finance The purpose of this study is to examine issues surrounding the enactment of Financial Accounting Statement 133 (SFAS 133) in managing risk in the banking industry. It examined the financial statements of ten major U.S. banks by investigating their 10Ks and 10Qs from 1999 to 2002. It found out that banks that had large hedge positions before SFAS 133 reduced their exposures for a while and increased their positions in 2002. Interestingly, those banks with small hedged positions before the rule, increased their positions after the adoption of SFAS 133. As expected the statement increased the degree of disclosure and transparency of derivatives activities which compliments the Sarbanes Oxley Act of 2002. Universiti Utara Malaysia Press 2004 Article PeerReviewed Mulugetta, Abraham and Hadjinikolov, Hristo (2004) Derivatives and Risk Management in the Banking Industry. International Journal of Banking and Finance (IIJBF), 2. pp. 45-61. ISSN 1675-7227 http://ijbf.uum.edu.my/index.php/previous-issues/133-the-international-journal-of-banking-and-finance-ijbf-vol-2-no-1-june-2004
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
topic HG Finance
spellingShingle HG Finance
Mulugetta, Abraham
Hadjinikolov, Hristo
Derivatives and Risk Management in the Banking Industry
description The purpose of this study is to examine issues surrounding the enactment of Financial Accounting Statement 133 (SFAS 133) in managing risk in the banking industry. It examined the financial statements of ten major U.S. banks by investigating their 10Ks and 10Qs from 1999 to 2002. It found out that banks that had large hedge positions before SFAS 133 reduced their exposures for a while and increased their positions in 2002. Interestingly, those banks with small hedged positions before the rule, increased their positions after the adoption of SFAS 133. As expected the statement increased the degree of disclosure and transparency of derivatives activities which compliments the Sarbanes Oxley Act of 2002.
format Article
author Mulugetta, Abraham
Hadjinikolov, Hristo
author_facet Mulugetta, Abraham
Hadjinikolov, Hristo
author_sort Mulugetta, Abraham
title Derivatives and Risk Management in the Banking Industry
title_short Derivatives and Risk Management in the Banking Industry
title_full Derivatives and Risk Management in the Banking Industry
title_fullStr Derivatives and Risk Management in the Banking Industry
title_full_unstemmed Derivatives and Risk Management in the Banking Industry
title_sort derivatives and risk management in the banking industry
publisher Universiti Utara Malaysia Press
publishDate 2004
url http://repo.uum.edu.my/25111/
http://ijbf.uum.edu.my/index.php/previous-issues/133-the-international-journal-of-banking-and-finance-ijbf-vol-2-no-1-june-2004
_version_ 1644284229893226496
score 13.211869

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