Article Preview
TopMotivation Of The Study
The researcher has desires to have an in-depth understanding of banks in UAE, how they are risk tolerant, manage different operations and departments, formulate strategy, and incorporate appropriate corporate culture; considering that the researcher has been seeking careers in the UAE banking industry. The area of this research is not easy to find a comprehensive topic in, at least not in the Middle East.
The researcher has prefer to have an in-depth understanding to the banks in UAE, how they are risk tolerant, manage risk, formulate strategy, and incorporate appropriate risk culture; considering that the researcher both are seeking careers in the UAE banking industry. This paper not only broadens knowledge and understanding of the financial services industry, but also further develops intellectual and practical skills through analysis of the CG process.
Research Problem
The researcher had to become closer to the reality of risk management banking in UAE. Post the latest crisis in 2008, banks in UAE have changed some regulations in terms of corporate governance, risk management, and other policies. As some banks in UAE are complying with the new SCA in terms of just ticking boxes instead of actually applying corporate governance, and therefore still be threatened because of the quality of executing corporate governance, The researcher has need not to ignore to analyze the empirical results of how current corporate governance affect the banks performance. It shows how much these receive attention by various stakeholders in the UAE banking industry for the past several years, in order to help banks survive another crisis. Theoretical regulations and procedures can show what the situation “should” be. The researcher has needed to conduct the dots between the theoretical and the empirical results (what “is” happening).