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Advisor(s)
Abstract(s)
A gestão de risco assume-se como uma problemática nuclear para as instituições financeiras, sendo que não nos devemos referir apenas à eliminação pura do risco, mas sim ao seu controlo. De facto, já Wriston (1999) referia que “All of life is the management of risk, not its elimination”. Este relatório tem como objetivo analisar a eficácia do rating interno na antecipação e mitigação dos diferentes riscos, em particular do risco de crédito que tem subjacente a probabilidade de incumprimento dos compromissos financeiros de uma entidade. A temática da análise e avaliação das empresas clientes do Banco Santander Totta é sustentada essencialmente em Relatórios&Contas e informações internas, sendo abordada através de um caso de um cliente que permitirá apresentar as diferentes funções de um gestor de risco na elaboração do rating interno, bem como constatar os parâmetros essenciais para a análise e valoração interna de um cliente. Com base nos mesmos, decorre uma análise crítica à temática sustentada numa base teórica adequada e que justifica as práticas e procedimentos apresentados. Deste estudo é possível concluir que um dos critérios mais importantes na avaliação via rating reside na capacidade demonstrada pela empresa para gerar disponibilidades com a atividade operativa e, com isso, reembolsar os financiamentos obtidos. Para além do fator referido, existem outros indicadores a ter em conta que vão desde a própria experiência do banco com o cliente até à evolução dos indicadores financeiros e económicos mais relevantes do mesmo.
Risk management is a core issue for financial institutions and that, instead of referring to pure risk elimination, we should find ways to control it. As Wriston (1999) once said, “All of life is the management of risk, not its elimination”. The report aims to analyze the role of the internal rating in the anticipation and mitigation of the different risks, in particular the credit risk, which is related to the probability of default of a company. The analysis and evaluation of client companies of Banco Santander Totta is mostly supported on financial reports and internal information, and will be addressed through a case study, describing the functions of a risk manager/analyst as well as the fundamental parameters to consider in the internal rating elaboration. All these procedures and descriptions are sustained by a consistent theoretical basis that suits, fits and justifies the practices presented and used. With this study we can retain that the companies’ capacity to generate resources is one of the most important criteria, as this will be a way of the company to demonstrate its ability to repay the financing obtained. In addition to that factor, there are other indicators to consider, that goes from the personal experience of the bank with the client, to the evolution of the most important financial and economic indicators of the client.
Risk management is a core issue for financial institutions and that, instead of referring to pure risk elimination, we should find ways to control it. As Wriston (1999) once said, “All of life is the management of risk, not its elimination”. The report aims to analyze the role of the internal rating in the anticipation and mitigation of the different risks, in particular the credit risk, which is related to the probability of default of a company. The analysis and evaluation of client companies of Banco Santander Totta is mostly supported on financial reports and internal information, and will be addressed through a case study, describing the functions of a risk manager/analyst as well as the fundamental parameters to consider in the internal rating elaboration. All these procedures and descriptions are sustained by a consistent theoretical basis that suits, fits and justifies the practices presented and used. With this study we can retain that the companies’ capacity to generate resources is one of the most important criteria, as this will be a way of the company to demonstrate its ability to repay the financing obtained. In addition to that factor, there are other indicators to consider, that goes from the personal experience of the bank with the client, to the evolution of the most important financial and economic indicators of the client.
Description
Keywords
Gestão de risco Risco de crédito Rating Risk management Credit risk