Język Polski
English
Banki i przedsiębiorstwa w procesie zmiany paradygmatu
Zbigniew Krysiak
Abstract
In this paper we discuss potential prerequisites for change in the credit risk assessment paradigm. Many of the past practices, theories, and procedures concerning risk modeling, failed and moreover resulted in series of bankrupted banks and companies. Many papers were written about the causes and foundations of these turbulences in the banking sector, but very few of them studied the impact of the credit risk assessment paradigm. We claim that many components of the currently applied paradigm do not fit the conditions in the economic environment. High frequency financial and capital markets associated with amassing scale of
businesses and economic activities cannot be safely driven by increasing regulatory rule anymore. We think that the excess of regulations not only removes vigorous progress from the credit risk management ideas and concepts, but even worse, disables and deactivates well created paradigms, which, in turn, makes it impossibleto recognize the real deficiencies within the paradigm itself.
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