International Framework for Liquidity Risk Measurement, Standards and Monitoring: Corporate Governance and Internal Controls

Recovering from the Global Financial Crises Business Expert Press, 2013

18 Pages Posted: 8 Apr 2010 Last revised: 14 Dec 2016

See all articles by Marianne Ojo D Delaney PhD

Marianne Ojo D Delaney PhD

American Accounting Association; Centre for Innovation and Sustainable Development (CISD); Centre for Innovation and Sustainable Development (CISD)

Date Written: March 6, 2016

Abstract

This paper is structured in accordance with identified components which are considered to be essential to the successful implementation of the (two fold) topics of discussion of this paper, namely, monitoring and liquidity risk measurements. The importance of successfully communicating results obtained from monitoring and measuring such risks, and the role of corporate governance in ensuring such effective communication, constitutes a recurring theme throughout this paper. The identified components are as follows: i) Corporate governance (ii) Internal controls (iii) Disclosure (iv) Management of risk (v) Substance over form (vi) Transparency.

As well as highlighting the interdependence of these components, the paper also aims to accentuate the importance of individual components. Whilst no hierarchy of importance is assigned to these components, corporate governance and internal controls are two components which are analysed in greater depth (than other components). Furthermore, corporate governance could be accorded a status of greater importance than internal controls having regard to the fact that whilst internal controls relate to a very vital control aspect of an organisation, corporate governance relates to all processes - be it decision making, control, production, performance, within a company/bank.

The paper will also attempt to demonstrate that it is possible to implement a system of regulation which combines increased formalised procedures and/or detailed rules - whilst giving due consideration to the substance of transactions.

Keywords: corporate governance, internal controls, monitoring, liquidity, regulation

Suggested Citation

Ojo D Delaney PhD, Marianne, International Framework for Liquidity Risk Measurement, Standards and Monitoring: Corporate Governance and Internal Controls (March 6, 2016). Recovering from the Global Financial Crises Business Expert Press, 2013, Available at SSRN: https://ssrn.com/abstract=1584402 or http://dx.doi.org/10.2139/ssrn.1584402

Marianne Ojo D Delaney PhD (Contact Author)

American Accounting Association ( email )

5717 Bessie Drive
Sarasota, FL 34233-2399
United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

Centre for Innovation and Sustainable Development (CISD) ( email )

United States

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