scholarly journals A possibilidade de aplicação do código de defesa do consumidor em contrato de derivativos / The possibility of consumer relationship in derivative contracts

2016 ◽  
Vol 43 (1) ◽  
Author(s):  
Clair Valverde Pereira
Keyword(s):  
Consumer Protection ◽  
Financial Institution ◽  
Civil Law ◽  
Legal Person ◽  
Technical Knowledge ◽  
Management Framework ◽  
Consumption Ratio ◽  
Risk Management Framework ◽  
Product Protection ◽  
Swap Agreement

Resumo: Este artigo aborda a controvérsia da aplicação do Código de Defesa do Consumidor às relações jurídicas contratuais no âmbito do mercado de derivativos, tendo em vista os tipos de operações efetuadas, o hedge (proteção), a arbitragem e a especulação. A princípio poder-se-ia pensar que são todos contratos empresariais, em que se busca o lucro, mas através do estudo, usando a título de exemplo o contrato de swap, típico para operações de hedge, chega-se à conclusão que estas operações podem se enquadrar na relação de consumo. Essa conclusão decorre, levando-se em conta uma pessoa jurídica que busca uma instituição financeira para realizar um contrato swap, da adequação ao conceito de consumidor, bem como de produto e serviço prestado, qual sejam, respectivamente, a proteção e o conhecimento técnico e estrutura de gerenciamento de risco que a instituição possui, o que quase sempre leva à uma hipossuficiência técnica do contratante. Assim, a relação de consumo é aceitável e de possível aplicação no mercado de derivativos, mas somente nas operações de hedge, em que se busca um produto, a proteção, e o serviço, o conhecimento técnico da instituição. Portanto, colocam-se em xeque os argumentos de que o direito fundamental da proteção ao consumidor, através do Código, não se estenderiam ao âmbito do mercado de derivativos, fazendo incidir apenas as normas do Direito Civil.Abstract: This paper discusses the application of the controversy of the Consumer Protection Code to contractual legal relationships in the derivatives market, in view of the types of operations performed, the hedge (protection), arbitrage and speculation. At first it may be thought that are all business contracts, which seeks to profit, but through study, using as an example the swap agreement, typical for hedge transactions, one comes to the conclusion that these operations they may fall in consumption ratio. This conclusion follows, taking into account a legal person seeking a financial institution to hold a swap contract, the adequacy consumer concept and product and service, which are, respectively, the protection and the technical knowledge and risk management framework that the institution has, which almost always leads to a contracting technique vulnerability. Thus, the consumption ratio is acceptable and possible application in the derivatives market, but only in hedging transactions, which seeks a product, protection, and the service, the expertise of the institution. So put yourself in check the argument that the fundamental right of consumer protection, through the Code, does not extend the scope of the derivatives market, making only focus the rules of civil law.

Developing and implementing the risk management framework into business processes of Gazprom transgaz Tomsk Ltd., for implementation of the Eastern gas program of PJSC Gazprom

2020 ◽  
Vol 17 (1) ◽  
pp. 68-77
Author(s):  
V. E. Zaikovsky ◽  
A. V. Karev
Keyword(s):  
Risk Management ◽  
Human Resources ◽  
Management Information System ◽  
Business Processes ◽  
Project Success ◽  
Management Information ◽  
Timely Manner ◽  
Project Approach ◽  
Management Framework ◽  
Risk Management Framework

Project success depends on the ability to respond to risks and make correct decisions in a timely manner. The project approach provides a better framework for implementing a new management system into the company’s business processes. The risk management framework developed by the company comprises a risk management infrastructure, a set of standards, human resources, and a risk management information system. To improve staff compliance, it is necessary to provide training and to communicate the goals of the project effectively. It is also important to develop a motivation system because well trained and motivated staff are able to work more efficiently.

Systems-based accident analysis in the led outdoor activity domain: application and evaluation of a risk management framework

Ergonomics ◽  
2010 ◽  
Vol 53 (8) ◽  
pp. 927-939 ◽  
Author(s):  
P. Salmon ◽  
A. Williamson ◽  
M. Lenné ◽  
E. Mitsopoulos-Rubens ◽  
C.M. Rudin-Brown
Keyword(s):  
Risk Management ◽  
Accident Analysis ◽  
Outdoor Activity ◽  
Management Framework ◽  
Risk Management Framework ◽  
Activity Domain

Integration of Islamic bank specific risks and their impact on the portfolios of Islamic Banks

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Syed Alamdar Ali Shah ◽  
Raditya Sukmana ◽  
Bayu Arie Fianto
Keyword(s):  
Risk Management ◽  
Portfolio Diversification ◽  
Islamic Banks ◽  
Content Type ◽  
Management Framework ◽  
Risk Return ◽  
Islamic Bank ◽  
Risk Management Framework ◽  
Impact Risk ◽  
Conventional Banks

Purpose This study aims to propose a risk management framework for Islamic banks to address specific risks that are unique to Islamic bank settings. Design/methodology/approach A unique methodology has been developed first by exploring the dynamics and behaviors of various risks unique to Islamic banks. Second, it integrates them through a series of diagrams that show how they behave, integrate and impact risk, returns and portfolios. Findings This study proposes a unique risk-return relationship framework encompassing specific risks faced by Islamic banks under the ambit of portfolio theory showing how Islamic banks establish a steeper risk-return path under Shariah compliance. By doing so, this study identifies a unique “Islamic risk-return” nexus in Islamic settings as an explanation for the concern of contemporary researchers that Islamic banks are more risky than conventional banks. Originality/value The originality of this study is that it extends the scope of risk management in Islamic banks from individual contract-based to an integrated whole, identifying a unique transmission path of how risks affect portfolio diversification in Islamic banks.

Risk Management in Elections: A Guide for Electoral Management Bodies

2021 ◽  
Author(s):  
Amy Vincent ◽  
Sead Alihodzic ◽  
Stephen Gale
Keyword(s):  
Risk Management ◽  
Cost Effectiveness ◽  
Incomplete Information ◽  
Implementation Process ◽  
Risk Awareness ◽  
Management Framework ◽  
Risk Management Framework ◽  
Electoral Cycle ◽  
Management Processes ◽  
Electoral Management Bodies

When electoral risks are not understood and addressed, they can undermine the credibility of the process and the results it yields. Electoral management bodies (EMBs) encounter numerous risks across all phases of the electoral cycle. They operate in environments that are increasingly complex and volatile and where factors such as technology, demographics, insecurity, inaccurate or incomplete information and natural calamities, create increasing uncertainty. The experiences of EMBs show that when formal risk management processes are successfully implemented, the benefits are profound. Greater risk awareness helps organizations to focus their resources on where they are most needed, thus achieving cost-effectiveness. Over the last decade it has been observed that EMBs are increasingly moving from informal to formal risk management processes. The purpose of this Guide is to lay out a set of practical steps for EMBs on how to establish or advance their risk management framework. The Guide’s chapters reflect the breadth of key considerations in the implementation process and offer basic resources to assist in the process.

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