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Measuring of Operational Risk in Finacial Institutions
Voříšek, Martin ; Žváčková, Lenka (advisor) ; Kozáková, Markéta (referee)
The aim of this submitted work deals with situation which quite recently occured on financial markets. In 2001, Basel Commitee for Banking Supervision declared that banks had to cover their exposure to a not very well-known operational risk. This work consists of a five main parts. After a few introductory words comes a short chapter about risks generally. Second part repeats some basic economic terms in territory of market failures and then discusses these particular problems in the field of financial markets. Following part brings a view on regulatory documents -- their past, their present and their possible future. A chief attention should be aimed on fourth part. It analyzes operational risk with a focus on its definition, its specifics, examples of its impacts and methods of its control, mitigation, measuring and managing. Last chapter describes one of advanced approaches to measure operational risk. At the end, there are a few last words concerning some questionable areas and future of operational risk management.
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EU energy policy towards a region of the Caspian Sea
Aulická, Michala ; Bič, Josef (advisor) ; Buryan, Šimon (referee)
The main factor of prosperity of energy resources is to find reliable access. The always increasing demand for energy resources and population increase make big uncertainty in energy and economic security. Europe Union does not have much of their own energy resources and therefore is forced to import these. At the moment Russia is the main key partner in providing oil and gas, with this dependency on Russia we can see security risks leading to energy instability. Europe Union is actively trying to eliminate this dependency and trying to diverse and find new suppliers and new transit routes. The region around Caspian Sea might be alternative for securing supplies of oil and gas. The fundamental part of this bachelor thesis is to analyse economic utility and energy potential in Caspian Sea region and also is going to evaluate the activity of EU towards this region with purpose to establish new transit routes and by doing this to eliminate EU dependency on Russia and its associated risks.
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The position and function of municipal bodies in prepare for emergencies and crisis situations.
BRAVENEC, Roman
One of the duties of each municipality, regardless of the size of the administrative territory, number of citizens or type, is to protect its population against imminent danger, i.e. to be duly prepared for solution of extraordinary or crisis incidents that can affect the municipalities. I have chosen the name of the thesis, "Place and role of municipality bodies in preparation for extraordinary incidents and crisis situations" mainly due to the fact that, according to my experience, the area of safety is neglected and underestimated, or postponed, or the municipality bodies deal with this issue only marginally. Municipalities with extended competence or bigger municipalities have some advantage as they are better equipped in terms of staff, professionalism and material and a lot of tasks within preparation for extraordinary incidents and crisis situations are performed, for their benefit, by regional fire brigades. The first goal of the thesis consists in presenting the principles of working of the municipality and its bodies, in defining the duties and competences of the municipalities in extraordinary incidents and crisis situations. It consists further in drawing up a basic summary of legislative tools of territorial self-government units and their essential position within crisis management and safety system of the Czech Republic. The second goal consists in evaluating the crisis potential of the administrative territory of the municipality of Loučovice under use of crisis plan of the South Bohemian Region and of the crisis plan of the municipality with extended competence, Český Krumlov. The following research question was created to fulfil the goals of the thesis: Do risks and tasks of the municipality constitute a motive for the municipality bodies to elaborate a crisis preparedness plan? To answer the research question, I made use of specialized literature, lectures and legal standards. That allowed characterizing the public administration system with focus on the competence of territorial self-government units and their bodies when preparing for and dealing with extraordinary incidents. Subsequently, the safety risks of the municipality of Loučovice in case of potential danger to its territory were evaluated, and the acquired information served as base to elaborate a draft of crisis preparedness plan, as one of indispensable parts of crisis management, i.e. planning. The dangers and their causes were identified under use of the crisis plan of the South Bohemian Region, of the crisis plan of the municipality with extended competence, Český Krumlov, and of the extract from the plan of actions for protection of citizens under the Lipno I and II Dam against special flood for the municipality of Loučovice. Further important information was acquired thanks to the cooperation of the Fire Brigade of the South Bohemian Region, the employees of Povodí Vltavy, s. p., and from archive documents of the municipal authority. The own data collection served to elaborate a comprehensive document with a list of the most important tasks of self-government in preparation of and dealing with extraordinary incidents and crisis situations that will be used as a manual for the mayor and the bodies of the municipality of Loučovice within expansion of knowledge in the area of preparation for and dealing with extraordinary incidents and crisis situations. The practical part of the thesis includes the crisis preparedness plan of the municipality of Loučovice that can be used in case of emergence of and dealing with a crisis situation on the territory of the municipality. At the same time, the plan will be used for training of employees of the municipality and for familiarization of corporate bodies and citizens with the character of potential danger.
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The Use of Artificial Intelligence to Reduce the Risk in the Firm
Samohýl, Lukáš ; Milan, Rumler (referee) ; Dostál, Petr (advisor)
This diploma thesis is focused on risk analysis of dry dog food range of products sold in a retail chain named Zvěrokruh. The main goal of this work is creation of model with use of the fuzzy logic. The model helps with the dry dog food range risk evaluation. The model is created in MS Excel and MATLAB. Outcome of this work is a tool which evaluate quality of the dry dog food, which can be afterwards analysed in other point of view.
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Risks of order processing in company
Bartoňková, Lucie ; Gargulák, Tomáš (referee) ; Milichovský, František (advisor)
This thesis is dealing with the issue of risk management during order processing in manufacturing company, which is focused on textile production. Introduction of thesis is presenting theroretical basis. Practical part of the thesis is dealing with company introduction organizational structure of the body, product range, order progressing, OSH policy and environmental policy. Tools chosen for risk assessment techniques - analysis of the causes and consequences (Ishikawa diagram), analysis of possible errors and their consequences (FMEA) and the Pareto chart. The thesis aims to analyze the risks and for the most significant risks to process proposals for their elimination.
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Confidence Cycles and Liquidity Hoarding
Audzei, Volha
Market confidence has proved to be an important factor during past crises. However, many existing general equilibrium models do not account for agents’ expectations, market volatility, or overly pessimistic investor forecasts. In this paper, we incorporate a model of the interbank market into a DSGE model, with the interbank market rate and the volume of lending depending on market confidence and the perception of counterparty risk. In our model, a credit crunch occurs if the perception of counterparty risk increases. Our results suggest that changes in market confidence can generate credit crunches and contribute to the depth of recessions. We then conduct an exercise to mimic some central bank policies: targeted and untargeted liquidity provision, and reduction of the policy rate. Our results indicate that policy actions have a limited effect on the supply of credit if they fail to influence agents’ expectations. Interestingly, a policy of a low policy rate worsens recessions due to its negative impact on banks’ revenues. Liquidity provision stimulates credit slightly, but its efficiency is undermined by liquidity hoarding.
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Commercial risk management in international trade
Leonova, Ekaterina ; Černohlávková, Eva (advisor) ; Křenková, Eva (referee)
The bachelor's thesis deals with methods of managing commercial risks in non-financial firms involved in international trade. The aim of this thesis is to provide a structured view of the most important risks and its possible consequences for enterprises, explain risk management process as well as analyze the most widely used methods of managing risks to limit commercial risks in practice. The first part covers the definition of risk and its specific types, which companies are exposed to in international trade. The second chapter provides information about general risk management process and two the most important, to my mind, techniques for dealing with risks in trade - risk transferring and risk reduction.
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Aversion of the consumer/investor to loss
Svorad, Michal ; Chládek, Libor (referee) ; Škapa, Stanislav (advisor)
This Masters thesis analysis attitude and behavior of consumer in a role of investor in financial market to the loss or how to avoid the risk of future losses .In the theoretical part describes the theory needed to understand the other part, here in after referred to as tools and methods that are used to reduce the risk of loss.
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Risk analysis of load bearing RC structure review
Bohatec, Jiří ; Laníková, Ivana (referee) ; Šimůnek, Petr (advisor)
Master thesis deals with the evaluation of risks in the course of strengthening reinforced concrete column. It describes the assessment of existing structures according to ISO 13822, discusses the dangers that can occur when determining the carrying capacity of the existing structure. It also describes the different phases of strengthening steel banding, their functions and influence on the overall capacity. Also showing calculation process of strengthening reinforced concrete column, using steel banding, based on standard EN 1992-1-1 and EN 1998-3. In a concrete example of reinforcement is shown a process for determining the carrying capacity and then designed to the increase. In the two examples performs risk analysis using the universal matrix of risk analysis that identifies and quantifies the importance of various hazards associated with the calculation and implementation of the project.
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Intraday Dynamics of Euro Area Sovereign Credit Risk Contagion
Komárek, Luboš ; Ters, Kristyna ; Urban, Jörg
We examine the role of the CDS and bond markets during and before the recent euro area sovereign debt crisis as transmission channels for credit risk contagion between sovereign entities. We analyse an intraday dataset for GIIPS countries as well as Germany, France and central European countries. Our findings suggest that, prior to the crisis, the CDS and bond markets were similarly important in the transmission of financial shock contagion, but that the importance of the bond market waned during the crisis. We find flight-to-safety effects during the crisis in the German bond market that are not present in the pre-crisis sample. Our estimated sovereign risk contagion was greater during the crisis, with an average timeline of one to two hours in GIIPS countries. By using an exogenous macroeconomic news shock, we can show that, during the crisis period, increased credit risk was not related to economic fundamentals. Further, we find that central European countries were not affected by sovereign credit risk contagion, independent of their debt level and currency.
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