Risk Management e Value at Risk: l'influenza del profilo dell'investitore nell'operatività di consulenza

Basel accords define the capital requirements for banks. There are three types of risk on which is based the calculation of this requirement: operational risk, i.e. the risk of losses related to potential inefficiencies of the system of control of the bank, the market risk, i.e. the risk related to any eventual leakage of the securities portfolio (of the institute or belonging to a single customer) determined by the market and credit risk, i.e. the risk incurred by the banks for any inability partial or total of the counterparty to fulfill the obligation assumed. The three risks defined within the Basel Agreement, define the three cornerstones of the activity of banking advice. The main responsibility of each operator banking, resides in the ability to perceive and anticipate the risks of positions in acquisition and on which the Institute will expose, evaluating the acceptability by defining appropriate actions to be taken. The need to measure and adequately control the risks taken by a bank is felt particularly in investment activity and trading of securities, which is exposed to the volatility of prices of assets exchanged. For institutions which take speculative positions in currencies, bonds or shares, there is in fact a real possibility that the losses associated with a single position broke, within a short time interval, the profits made in the course of months. .. [edited by Author]