Risk Management Era in European Credit Institutions: Predictable Mutation in XXI Century
Abstract In the market economy, globalization, liberalization and diversification of financial markets, fierce competition between the credit institutions and many of the products and services offered by them are the main factors that have exposed the banking sector to new risks, while leading to multiple challenges. For these reasons it is becoming increasingly important both permanent innovation and risk management techniques tools as well as banking performance. Only a pertinent analysis and a very good knowledge of the new tendencies in banking financial risk management can provide credit institutions in Romania efficient options on their use of management, while obtaining a higher profitability and an adequate level of liquidity.
Challenges, Opportunities and Solutions in the European Banking System
In this article, the authors intend to underline the main aspects regarding the risk in European banking system. The economic downturn and financial crisis has negative impacted the European banking system, has affected all types banking products and services, all models of supervision and all evaluation methods known. Basel Committee on Banking Supervision in response to the credit crunch, has developed a series of stringent financial regulations „Basel III”. The global financial economic crisis has unveiled significant lows in the regulation and supervision of the international financial system.
History of Amateurism in Men's Intercollegiate Athletics: The Continuance of a 19th-Century Anachronism in America
Claiming that American intercollegiate athletics are amateur at the end of the 20th century is an anachronism, for colleges in the 19th century took on professional characteristics. The upper-class British concept of amateurism did not work effectively in a more egalitarian and achievement-oriented American society. Hypocrisy resulted when colleges claimed amateurism while accepting such professional practices as hiring professional coaches, allowing athletes to play summer baseball for money, and paying athletes through grants-in-aid. Attempts to preserve amateurism, such as the Graham Plan in the 1930s and the Sanity Code in the 1940s and 1950s, yielded to the professional spirit. Thus, while Americans had generally rejected the upper-class British social hierarchy that fostered amateurism, they retained the name amateur, continuing the hypocrisy that had begun in the previous century.