ScotiabankEssay Preview: ScotiabankReport this essayRisk Management in the BankLiquidity Managementi) Policy-Scotiabank believes liquidity risk is crucial in maintaining the confidence of the depositors and counter parties. This risk is managed within the framework of policies and limits that are approved by the Board of Directors. The Board has regular reports on risk exposures and risk performance against approved limits. The Liability Committe provides their senior management an oversight of the current liquidity risk and meets weekly to review the Banks liquidity profile.
The framework used to manage Scotiabank liquidity risk isSet limits to control the key elements of riskMeasure and forecast cash commitmentsDiversify funding sourcesMaintain appropriate holdings of liquid assetsConduct regular liquidity crisis stress testingMaintain contingency plans that can be activated to facilitate managing liquidity risk through a disruptionii) StrategiesThe Bank of Nova Scotia maintains large holdings of liquid assets to support its operations. These assets are available to be sold or pledged to meet the Banks obligations. The Bank relies on a broad range of funding sources. The main source of funding being capital, deposits drawn from retail and commercial clients domestic and international as well as wholesale funding. The bank does not rely on a single entity as a funding source, and maintains a limit on the amount of deposits it will accept from any one entity.
The Canadian Centre for Policy Alternatives, a group of private sector-held government-sponsored think tanks, published estimates in 2013 that there are currently more than 1,500 companies that are insolvent, most of which have fewer than 100 employees. This does not include the financial services industry and many of these companies include Canadian government agencies, including the Canadian Border Services Agency (CBSA). Notably, the National Credit Union Association is the only publicly traded financial-services association with the Canadian government having a staff of less than 35 workers. The Canadian Association of Community Financed Investors is the only publicly-traded financial, healthcare, and commercial bank with more than 12 million employees The Canadian Federation of Independent Business is the only publicly traded non-profit holding company with at least 1,000 employees, in other words, it has a staff which includes more than 1,000 employees that is responsible for the management of its operations, financing management, and other processes. National Bank of Canada is a non-profit holding company with a staff of less than 350, and the Canadian Securities Exchange serves as the governing body of the Canadian securities industry. CSE has less than one quarter (19%) of its workforce outside of Canada or a reserve of 10%, the majority of which are located overseas. Of the total workforce in Canada and outside Canada outside of Canada, approximately 20% of the workforce are from overseas. NBC is the world’s largest Canadian bank The bank’s global headquarters are in Toronto, Canada Its main campus is in Toronto, Canada The bank has the headquarters in Calgary The bank has also been listed on the BIS under [1] for several years. It is the only Canadian insured bank to have maintained a US$2.9 billion operating balance since 1988. The bank has assets in the world of $35 trillion The bank has assets in the UK and the US This article’s content is subject to copyright and we may not be responsible for unauthorized copies or other activities. It may be altered or, in the event that it is inaccurate, inaccurate or omissions, we will correct the information provided.”