The association between the derivatives products and the financial Dissertation

The association between the derivatives products and the financial risk management is quite substantial and significant - Dissertation Example In order to operate in an effective manner, the banks need to manage their assets and liabilities from the various risks prevailing in the economy, one of which is the interest rate risk. Interest rate risk is the risk to earnings or capital arising from movement of interest rates. The need to manage the interest rate risk is very crucial for any bank and it has generally been observed that the interest rate risk management form the integral part of the risk management policies of all major global banks. This dissertation analysis the effectiveness of â€Å"interest rate swaps† in managing the interest rate risk faced by the UK banks and also how these derivatives product improves financial outlook of these banks. For the purpose of conducting the study, a quantitative and qualitative analysis was conducted on a sample of 12 major UK based banks. Through this analysis the conclusion is drawn that interest rate swaps is quite an effective hedging tool for the management of the interest rate risk and also for improving the financial outlook of a bank. Problem Statement In the global conventional economic environment, it would be quite interesting to evaluate the usage of the interest rate swaps by the financial institutions of UK, particularly multinationals banks. In this study 12 major banks of UK are selected and through both qualitative and quantitative research, the effectiveness of interest rate swaps is evaluated in managing and curtailing the financial risk. Research aim and objective The association between the derivatives products and the financial risk management is quite substantial and significant. The purpose of this paper is to conduct research on the basis of an expected analytical outcome, based on qualitative and quantitative analysis of the financial statements of UK banks, that how they have implemented the interest rate swaps in their risk management strategy. In this dissertation proposal the aims and objectives are as follows: To cla rify the influencing impact that the interest rate swaps in the global financial market in terms of managing and curtailing risk. Through quantitative and qualitative research and analysis, evaluate how giant UK banks are safeguarding their risk of being exposed to interest rate fluctuation in both the local and international financial market. Through a questionnaire, conduct an interview with the major finance personnel of these banks in order to obtain their views about the effectiveness of interest rate swaps in managing interest rate and financial risk. Research Questions Is there any positive significant association between interest rates swaps and financial risk management process? How interest rate swaps works in the global financial market? How effective are interest rate swaps in managing and curtailing the interest rate risk and financial risk faced by the UK banks? Dissertation Layout The first Chapter ‘

An Approach to Recruitment and Selection Essay Example | Topics and Well Written Essays - 2250 words

An Approach to Recruitment and Selection - Essay Example Therefore, his belief regarding customer response and employee enthusiasm has created a considerable influence on the corporate vision of TyCoffi. Notably, the corporate vision of TyCoffi depicts that customers do not only buy a cup of coffee, but also intend on consuming memorable experiences which can be derived particularly from efficient service. Due to this reason, Mr. Mike Jones intends to provide with significant emphasise to boost the collaboration amid employees and encourage them to be more productive in their assigned work maintaining a healthy, coordinated and decentralised organisational structure. Another major facet that Mr. Mike Jones considers to be quite vital is the recruitment and selection process executed to employ competent, enthusiastic and candid employees. He wishes to expand the company with additional five coffee-houses in the Cardiff area, Penarth, Cyncoed, Cardiff Bay, Roath Park and Pontcanna for which he is willing to execute his recruitment and select ion process in a structured, rational and beneficial manner. With due consideration to Mr. Mike Jones’ objective towards overall organisational growth, this report will intend to summarise a detailed approach to recruitment and selection process that can be beneficial for enhancing the relationship between employer and employee in TyCoffi. 2.0. An Approach to Recruitment and Selection The process of recruitment and selection is perceived to be quite significant for an organisation operating in the 21st century with the intention of being competent and sustainable in the highly competitive environment of the era. From a strategic point of view, an effective recruitment and selection process assists the organisation to acclimatise itself in the continuously changing business environment as well as enhances the overall organisational productivity1. Hence, it is of no doubt why managers focus with immense significance to the recruitment and selection process. As often noted by pr actitioners, recruitment can be referred to as the process where the employers intend to attract potential candidates from the external as well as internal (i.e. from within the organisation) business environment2. As noted by Dale (2004), â€Å"The primary purpose of recruitment and selection process is to achieve one desired end: appointing the right person to the right job†3 (pp. 1). Considering the importance of an effective recruitment and selection process in rewarding sustainable growth to an organisation, various factors can be identified that should be taken into account by recruiters while developing the process. These factors can exist both in terms of micro and macro elements in the organisational structure. The micro environmental factors can be stated as the organisational culture, structure, human resource policies and practices along with the overall organisational objective. Similarly, the macro environmental factors can be identified as the availability of p otential candidates for the job offered relative to the pay scale along with the employment rules and regulations as prescribed by the regulatory bodies4. It is worth mentioning that the organisational culture followed in TyCoffi is decentralised in nature which depicts independent participation of individuals in the decision-making process.