József Eisenhoffer and Risk management in Indian banks

Contents 1 Professional 2 National team 3 External links 4 References

Professional

Eisenhoffer, a convert to Judaism, began his football career when he signed with Budapest TC in 1912. He was twelve at the time. In 1917, he moved to Kispest A.C. where he played three seasons. In 1920, he transferred to Ferencvárosi where he played until 1924, with a loan to Makkabi des Brno during the 1923–1924 season. In 1924, he transferred to the prominent Austrian Jewish club Hakoah Vienna. In 1926, Hakoah toured the United States. Several players were impressed by both the relatively high pay and low anti-Semitism there. Consequently, several, including Eisenhoffer, remained in the U.S. and signed with local clubs. In June 1926, Nat Agar, owner of the American Soccer League’s Brooklyn Wanderers, signed Eisenhoffer. He would play for most of five seasons, except for five games in 1929. In 1928, the ASL initiated a struggle with the United States Soccer Federation for control of football in the U.S. This conflict, known as the "Soccer War" led to the USFA declaring the ASL an "outlaw league". When that happened, Eisenhoffer had already played eight games in the 1928–1929 season, but then jumped to the New York Hakoah of the fully recognized Eastern Professional Soccer League. New York Hakoah won the 1929 National Challenge Cup with Eisenhoffer scoring one goal in the first leg victory over St. Louis Madison Kennel. When the ASL made peace with USFA in 1929, New York Hakoah entered the ASL. Eisenhoffer now found himself back in a league he had fled and with a contract still in force with the Wanderers. Agar promptly sued Eisenoffer for breach of contract. In the meantime, Eisenhoffer played five games with Hokoah in the ASL. In December 1929, the suit was withdrawn and Eisenhoffer was fined $500 and allowed to return to the Wanderers. This internecine battle ultimately destroyed the ASL and in 1931, it collapsed. Eisenhoffer left the U.S. and returned to Austria where he signed with Hakoah Vienna. In 1933, Vienna sent him to French Ligue 1 club Olympique de Marseille where he finished his career. Eisenhoffer experienced considerable success with Olympique, going to the 1934, 1935 and 1940 French Cup. While Olympique lost in 1934, it won the next year. In 1935, Eisenhoffer became the team's manager as well as a player and took Olympique to the 1936–1937 league title. He also managed RC Lens briefly in 1938 before returning to Olympique. He finished his career with one game with Olympique during the 1940–1941 season. In 1944, he was wounded in an air raid on Budapest. His wound was not treated and eventually led to his death. National team

Eisenhoffer earned eight caps with the Hungarian national team between 1920 and 1924. In 1924, he was a member of the Hungarian Olympic Team. He played two first round games, scoring one goal in Hungary's win over Poland. External links Career overview

Risk management in Indian banks and József Eisenhoffer

The financial sector in various economies like that of India are undergoing a monumental change factoring into account world events such as the ongoing Banking Crisis across the globe. The 2007–present recession in the United States has highlighted the need for banks to incorporate the concept of Risk Management into their regular procedures. The various aspects of increasing global competition to Indian Banks by Foreign banks, increasing Deregulation, introduction of innovative products, and financial instruments as well as innovation in delivery channels have highlighted the need for Indian Banks to be prepared in terms of risk management.

Indian Banks have been making great advancements in terms of technology, quality, as well as stability such that they have started to expand and diversify at a rapid rate. However, such expansion brings these banks into the context of risk especially at the onset of increasing Globalization and Liberalization. In banks and other financial institutions, risk plays a major part in the earnings of a bank. The higher the risk, the higher the return, hence, it is essential to maintain a parity between risk and return. Hence, management of Financial risk incorporating a set systematic and professional methods especially those defined by the Basel II becomes an essential requirement of banks. The more risk averse a bank is, the safer is their Capital base.

Contents 1 Risk Ratio 2 Total Impact of Risk 3 Risk and Reward 4 Types of Risk 5 See also 6 References

Risk Ratio

Risk ratio would be defined as the ratio of the probability of an issue occurring as against to an issue not occurring. Total Impact of Risk

Total impact of the risk (TIR) occurring would entail as the impact (I), the risk would cause multiplied by the Risk Ratio. It is essentially how much a bank would be impacted in the chance that the risk did occur. This essentially helps ascertain what is the total value of their investments that may be subject to risk and how it would impact them. Risk and Reward

The ratio is in simplest terms calculated by dividing the amount of profit the trader expects to have made when the position is closed (i.e. the reward) by the amount he or she stands to lose if the price moves in the unexpected direction (i.e. the risk).

To calculate the total risk ensuing with the total expected return, a favored method is the use of variance or standard deviation. The larger the variance, the larger the standard deviation, the more uncertain the outcome. The standard deviation, E is a measure of average difference between the expected value and the actual value of a random variable (or unseen state of nature).

Here, n stands for a possible outcome, x stands for the expected outcome and P is the probability (or likelihood) of the difference between n and X occurring. Types of Risk Types of Risks in Banking

The term Risk and the types associated to it would refer to mean financial risk or uncertainty of financial loss. The Reserve Bank of India guidelines issued in Oct. 1999 has identified and categorized the majority of risk into three major categories assumed to be encountered by banks. These belong to the clusters: Credit Risk Market Risk Operational Risk

The type of risks can be fundamentally subdivided in primarily of two types, i.e. Financial and Non-Financial Risk. Financial risks would involve all those aspects which deal mainly with financial aspects of the bank. These can be further subdivided into Credit Risk and Market Risk. Both Credit and Market Risk may be further subdivided.

Non-Financial risks would entail all the risk faced by the bank in its regular workings, i.e. Operational Risk, Strategic Risk, Funding Risk, Political Risk, and Legal Risk. See also Risk management tools Probabilistic risk assessment
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