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Advanced Methods of Credit Risk Management within the Framework of Basel II: Implementation of IRB and Specialized Lending
Haškovcová, Eva ; Dědek, Oldřich (advisor) ; Seidler, Jakub (referee)
Adoption of internal rating based approach (IRB) for credit risk is a complex and sophisticated process. It assumes a number of requirements, improving of entire procedures and methods and sufficiency of experiences and data quality. The aim of this thesis is to show that transition to IRB approach in banking practice is not always simple and unambiguously effective. For less quantity exposures as specialized lending some calculation methods are not optimal. Conduction simple simulations of capital requirements for this category, for different rating quality of exposures and approaches within Basel II we show that capital requirements within IRB using regulatory criteria could be higher than in standardized approach. Interesting comparison provides subsequent utilization of credit mitigation techniques which are cornerstones of IRB. Overall effectiveness of the implementation depends also on its financial demands, national discretions, structure of cross-border groups for supervision and imperfections of Basel II on its own. For these reasons and present-day situation on financial markets the revision of the methodology will be necessary along with farther development of risk management methods, models and tools and strengthening national and cross-border supervision.
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Ethical aspects and possible social effects of free childlessness
Haškovcová, Eva ; Ovečka, Libor (advisor) ; Štica, Petr (referee)
This thesis maps Czech social and expert discussions on the theme of child-free people childnessness. It is directed on those aspect with implicit ethical content. Subsequently it chooses the most often argument, what are discussed in the ethical reflection. To be child-free is more and more becoming phenomenon, in the Czech Republic especially in the last thirty years. In spite of that it is considered to be rather as alternative life style, what is often exposed to moral evaluation, with mostly negative tone. The criticism of the child-free people can be sumarized into two main streams, when the first one directs on the social impact of the declining birth rates, the second one focuses on personal features of the child-free people, to whom it reprehends either defective hierarchy of values or unnaturalness of their behavior. These two groups of arguments are confronted with the philosophical concept of inclinationes naturales (natural tendencies) of Thomas Aquinas.
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