riskfunctions, which convert loss estimates into regulatory capital requirements. The Committee also required that banks conduct stress tests that consider the downward migration of their credit portfolios in a recession.
In addition, the Committee has put in place a comprehensive data collection initiative to assess the impact of the Basel II framework on its member countries over the credit
Hyundai Card Co., Ltd.
Hyundai Capital Co., Ltd.
Both are joint ventures with
GE Capital & Hyundai Motor
function as a single operating business,
share a single board of directors,
and have an integrated management structure.
Risk Control Committee (RCC)
> Sets policies and reports to board
> Equal membership from Hyundai Motor and GE Capital
Risk
To provide insurance against foreign exchange risk, which is the possibility that unpredicted changes in future exchange rates will hurt the profitability of business.
The Functions of the Foreign Exchange Market
Currency Conversion
To convert the currency of one country
into that of another country
Ex) $1=₩1,100
Tourists are minor particip
risk
위험 회피 형(Risk Averse) : 부에 대한 한계효용이 체감하는 투자자
위험 중립 형(Risk Neutral): 부에 대한 한계효용이 상수인 투자자
위험 추구 형(Risk Seeking): 부에 대한 한계효용이 체증하는 투자자
효용함수 Utility Function: U = E ( r ) – 0.005 A s 2 ,