Bobyl' V.V.Dnepropetrovsk National University of Railway Transport named after academician V. Lazaryan, Dnepropetrovsk, the Republic of Ukraine Vladimir_bobyl@list.ru
Importance Owing to the crisis in the global economy, the problem of creating an effective system of financial risk management in the bank has recently became even more relevant. Objective The study aims to consider the updating of the mechanism of financial risk management along the banking sectors and to study the transfer pricing as a mechanism of financial resources the allocation between segments and tools of the liquidity risk management and market risk. Methods Using the econometric methods, I analyze the various aspects of financial risk management of the main segments of the bank and identify the most effective tools to reduce risks (expert, traditional, transfer price of marginal costs, transfer price according to the types and terms of resources). In the paper, I consider the criteria and types of financial risks (credit, market, liquidity risk) and examine the main segments of the bank (treasury, corporate business management, management of individual business, investment management business, branches). I also analyze the financial risk management instruments according to the segments (hedging, diversification, setting of limits, and creation of reserves) and make description of the bank transfer pricing. Results I draw the conclusion that the problems of credit institutions in the environment of the global economic crisis have emerged due to an imperfection and inconsistency of the financial risk management systems with regard to the modern trends and the level of the bank risks. I emphasize that amid the crisis, improving the system of financial risk management segment of the bank is the most effective mechanism to maintain the financial sustainability of the credit institution. Conclusions and Relevance The distribution of the financial resources between the segments is carried out by using transfer pricing, which is also an effective tool for liquidity risk management and market risk of the bank.
Keywords: bank, financial risks, segments, risk management, transfer price
References:
Abasov R.G., Akinina V.P. Otechestvennye banki kak istochnik finansirovaniya innovatsii [Domestic banks as a source of innovation financing]. Kreativnaya ekonomika – Creative economy, 2013, no. 6, pp. 34–38.
Elkin S.E., Metelev I.S., Dolgov D.L., Vorozhishchev A.V. Bukhgalterskii uchet i otchetnost' kreditnykh organizatsii [Accounting and reporting of credit institutions]. Omsk, IP Pogorelov E.V. Publ., 2010, 244 p.
Zaitsev I.I. O vliyanii razvitiya bankovskoi sistemy na innovatsionnoe razvitie regionov Rossii [On the influence of the banking system development on the innovative development of Russian regions]. Upravlenie obshchestvennymi i ekonomicheskimi sistemami – Management of social and economic systems, 2011, no. 1.
Kursov V.N. Novoe v bukhgalterskom uchete v kommercheskikh bankakh [New in accounting of commercial banks]. Moscow, Infra-M Publ., 2008, 176 p.
Markova O.M., Sakharova L.S. Kommercheskie banki i ikh operatsii [Commercial banks and their operations]. Moscow, Unity Publ., 2010, 319 p.
Maslennikova D.S. Bankovskii menedzhment v usloviyakh krizisa: roskosh' ili neobkhodimost'? [Bank management under crisis: luxury or necessity?]. Rossiiskoe predprinimatel'stvo – Russian entrepreneurship, 2009, no. 7, vol. 2, pp. 112–116.
Pytkina S.A., Zike R.V. Postkrizisnye problemy rossiiskikh bankovskikh organizatsii [Post-crisis problems of the Russian banking organizations]. Rossiiskoe predprinimatel'stvo – Russian entrepreneurship, 2012, no. 19, pp. 94–100.
