Future Direction of the GCC Financial Sector – A Specific Look at Banking and Asset Management

2017 ◽  
pp. 7-30
Author(s):  
Mandagolathur Raghu
Keyword(s):  
Asset Management ◽  
Financial Sector ◽  
Future Direction

scholarly journals Water Infrastructure Asset Management Is Evolving

2021 ◽  
Vol 6 (6) ◽  
pp. 90
Author(s):  
Assela Pathirana ◽  
Frank den Heijer ◽  
Paul B Sayers
Keyword(s):  
Asset Management ◽  
Capacity Development ◽  
Water Infrastructure ◽  
Poor State ◽  
Technical Developments ◽  
The Poor ◽  
Development Agenda ◽  
Future Direction ◽  
Relevant Education ◽  
Infrastructure Asset Management

Infrastructure Asset Management (IAM) is the process by which decisions are made and resources allocated to ensure organisational or societal assets continue to deliver, as required. IAM is an evolving field. We discuss this evolution and present our perspectives on the future direction of IAM. IAM was born as a response to the poor state of maintenance of infrastructure, largely due to lack of resources, and emphasizes the need to prioritize maintenance and renewal using risk-based approaches. The demands on IAM have also continued to evolve as asset systems have become more complex, with multifunctionality, adaptative capacity and nature-based infrastructure, all issues that IAM must now consider. These challenges underpin the changing context of Water Infrastructure Asset Management (WIAM) and the opportunity for WIAM to harness new technical developments from other IAM domains. WIAM will need to continue to evolve, responding to these challenges and take advantage of these opportunities through research and application in collaboration with a relevant education and capacity development agenda.

scholarly journals The Growth of Finance

2013 ◽  
Vol 27 (2) ◽  
pp. 3-28 ◽  
Author(s):  
Robin Greenwood ◽  
David Scharfstein
Keyword(s):  
Asset Management ◽  
Financial Services ◽  
Financial Sector ◽  
Financial Services Industry ◽  
Shadow Banking ◽  
Preliminary Assessment ◽  
Management Fees ◽  
Active Asset Management ◽  
The Us ◽  
Household Credit

The US financial services industry grew from 4.9 percent of GDP in 1980 to 7.9 percent of GDP in 2007. A sizeable portion of the growth can be explained by rising asset management fees, which in turn were driven by increases in the valuation of tradable assets, particularly equity. Another important factor was growth in fees associated with an expansion in household credit, particularly fees associated with residential mortgages. This expansion was fueled by the development of nonbank credit intermediation (or “shadow banking”). We offer a preliminary assessment of whether the growth of active asset management, household credit, and shadow banking—the main areas of growth in the financial sector—has been socially beneficial.

scholarly journals The value-added potential of climate services for real estate asset management

2021 ◽  
Author(s):  
Adriaan Perrels
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Real Estate ◽  
Asset Management ◽  
Housing Prices ◽  
Value Added ◽  
Financial Sector ◽  
Forest Damage ◽  
Real Estate Finance ◽  
Climate Services

<p>In recent years the financial sector has activated itself regarding the integration of climate change risks in its risk management. This is a slow process and the realization, that also physical risks engendered by climate change should be included, is even more recent (Hamaker-Taylor et al 2018). Within the segment of asset management, notably the management of real estate assets should have particular interest in climate change, as fossil free and efficient energy use, sustainable climate neutral building materials, and minimized exposure to climate change enhanced physical risks merit all sufficient attention. Overall asset oriented climate services will be an important segment (De Bruin et al 2020) This offers a significant scope for climate services for this segment within the financial sector, but both the financial sector as user and the suppliers of climate services are still very much in an exploratory stage of defining, ordering, providing, and using climate services, which are relevant for specific risk management issues within the financial sector (Keenan 2019).</p><p>The key issue for the real estate asset manager is how climate change would affect the value of its properties with and without adaptation measures, both as such, as well as in comparison to other property. Furthermore, the disclosure of hitherto not-disclosed risk information of assets will usually affect the prices of these assets, in comparison to similar not-exposed assets (Votsis and Perrels 2016). In this contribution we illustrate on the basis of Finnish cases under what conditions more information on climate change related risks (flooding; forest damage) could entail an economically viable climate service.</p><p><strong>References</strong></p><p>De Bruin, K., Hubert, R., Evain, J., Clapp, C., Stackpole Dahl, M., Bolt, J., Sillmann, J. (2020). Chapter 8: Physical Climate Risks and the Financial Sector—Synthesis of Investors’ Climate Information Needs, in Filho and Jacobs (eds), Handbook of Climate Services, Springer https://doi.org/10.1007/978-3-030-36875-3</p><p>Hamaker-Taylor, R. Perrels, A. Canevari, L., Nurmi, V., Rautio, T. Rycerz, A. Larosa, F. (2018). <em>Results of Explorations of the Climate Services Market for the Financial Sector</em>, EU-MACS Deliverable 2.1, 23.12.2018. http://eu-macs.eu/outputs/#</p><p>Keenan, J.J. (2019). <em>Climate Adaptation Finance and Investment in California</em>, Earthscan – Routledge, London/New York, ISBN: 978-0-429-39875-9 (ebk) / ISBN: 978-0-367-02607-3 (hbk)</p><p>Votsis, A., Perrels, A. (2016). Housing prices and the public disclosure of flood risk: a difference-in-differences analysis in Finland, Journal of Real Estate Finance and Economics, November 2016, Volume 53, Issue 4, pp 450–471, DOI 10.1007/s11146-015-9530-3</p>

Conclusions

2018 ◽  
Author(s):  
Dariusz Wójcik ◽  
Theodor F. Cojoianu
Keyword(s):  
Asset Management ◽  
Investment Banking ◽  
Financial Sector ◽  
Future Research ◽  
Business Services ◽  
Services Sector ◽  
Global Context ◽  
Potential Impact ◽  
Geographical Perspective ◽  
Made In

The chapter summarizes observations made in the preceding chapters, and complements them from a geographical perspective, putting developments in the eight countries and eleven financial centres covered in the book in a global context. It starts by looking at the elite of the financial sector, comparing the world’s top centres of investment banking and asset management. Next, it broadens its focus by reviewing trends and patterns of employment in the financial and business services sector as a whole. The following section offers a glimpse of offshore finance and its development since the crisis. In addition, it provides an overview and comparison of developments in fintech and their potential impact on the global map of financial centres. The concluding section considers new geographical ways of conceptualizing relationships among financial centres, financial and business services, and offshore finance, and ends with suggestions for future research.

scholarly journals Switzerland

2019 ◽  
Vol 19 (188) ◽  
pp. 1
Author(s):  
Keyword(s):  
Asset Management ◽  
Financial Sector ◽  
Technical Note ◽  
Assessment Program ◽  
Regulation And Supervision

Financial Sector Assessment Program; Technical Note-Regulation and Supervision of Asset Management Activities

scholarly journals Review Paper on Composite Leading Index Creation for Forecasting the Bangladeshi Financial Sector

2020 ◽  
Vol 9 (4) ◽  
pp. 23-32
Author(s):  
Maria Afreen
Keyword(s):  
Financial Market ◽  
Asset Management ◽  
Systemic Risk ◽  
Stress Test ◽  
Financial System ◽  
Financial Sector ◽  
Hazard Model ◽  
Capital Adequacy ◽  
Policy Makers ◽  
The Impact

In perspective of the economic vulnerability faced by banks in financial sector, this study mirrors the methodology used by Shumway (2001) – the dynamic hazard model that is able to forecast systemic risk in financial market arena. Here, the terminology followed is based on the CAMELS framework variables: capital adequacy, asset, management, earnings, liquidity and sensitivity to market risk. The objective of this study is to construct a macroprudential indicator (MPI) for the case of Bangladeshi financial market. The result will then be tested for robustness with macro-stress test. Lagged independent variables will be used in the simple hazard model to allow early prediction of MPI in the year in which the crisis happens. The empirical findings can be used as a guideline for the Bangladesh Government and policy makers in accessing, examining and forecasting the health of the Bangladeshi financial system and formulate suitable financial system policies for control. MPI generates information about systemic risk allowing the detection of potential economic crises functioning as an early warning indicator. Government and policy makers will be able to make early preparation in cushioning any potential crises by means of the MPI. Thus the impact of the crises could be minimized and eventually reduce its impact on the Bangladesh economy. The specific objectives are to assemble a novel MPI that is able to recommend early signals of financial market vulnerability, to identify the MPI turning points and establish a comprehensive reference chronology for Bangladeshi financial market and to evaluate the predictive performance of newly constructed MPI on characterizing Bangladeshi financial sector.

A "Future Direction" for Social Psychology Texts?

1972 ◽  
Vol 17 (6) ◽  
pp. 341-342
Author(s):  
STEPHEN T. MARGULIS
Keyword(s):  
Social Psychology ◽  
Future Direction
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