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Write 3 page essay on the topic Summarize a Financial management.Moreover, these strategies are examined for ensuring compliance with the financial and regulatory requirements and policies of the bank
Write 3 page essay on the topic Summarize a Financial management.
Moreover, these strategies are examined for ensuring compliance with the financial and regulatory requirements and policies of the banks.
The article provides a background to the development of financial markets in the developing countries like Turkey and how the turmoil in these emerging financial markets can affect the global financial scenario. During crisis situation in the economy the role of banks is pivotal as they are considered to be the pillars of any financial system. Therefore, it is suggested in this article that banks need to adopt only those strategies that could lower their risks and improve the control over the financial position of banks in order to reduce the implications on both domestic and international financial setups.
The role of asset liability management (ALM) in strategic planning of banks is highlighted in this article suggesting that the aim of such model in banks allows them to efficient manage their funds keeping their risk profiles to lowest levels and to maximize their earnings. The model is considered to be multidimensional which requires simultaneous interaction between different elements of operations in a bank, which requires high level of integration at various levels. Banks have now adopted sophisticated models of ALM. however, the outcome of ALM still depends upon the diverse management strategies followed by banks.
The importance of ALM is viewed in this article from the perspective of Turkish banks that faced major financial crisis situation in the Turkish banking industry in late 2000 and early 2001. The reasons highlighted for these financial crises included poor overall macroeconomic conditions in the country and poor regulatory framework to control and manage the activity that was taking place in the Turkish banking sector. The article presents important relevant financial ratios of banks during pre- and during financial crisis periods, which