Introduction of Supervision Pattern on financial Institution in Iran Capital Market with Risk-Based Approach
Quarterly Journal of Securities Exchange

Quarterly Journal of Securities Exchange

Introduction of Supervision Pattern on financial Institution in Iran Capital Market with Risk-Based Approach

Document Type : Original Article

Authors
rohoulaah najafi 1
Mir Feyz Fallahshams 2
Mahdi Madanchi Zaj 3
1 PhD student,Department of Financial Management, Central Tehran branch,Islamic Azana University,Tehran,Iran.
2 associate of professor,department of financial management, central Tehran branch,Islamic Azad university,Tehran,Iran
3 Assistant Professor,Department of financial management,central Tehran branch,Islamic Azad university,Tehran,Iran
10.22034/jse.2018.11134
Abstract
Supervision in the Iranian capital market has been one of the challenging issues since the legislation of the Securities Market Law and the establishment of the Securities and Exchange Organization. The purpose of this study is Introduction of Supervision Pattern on financial Institution in Iran Capital Market with Risk-Based Approach using structural equation modeling. The statistical population of this study board of directors of Securities and Exchange Organization and directors of the stock exchanges and financial institutions of the capital market of Iran. By reviewing the theoretical foundations and reviewing the research background and comparative study of capital markets in the world's, the variables influencing the supervision of financial institutions were determined by the experts. Effective factors in the three main groups include risk identification, risk assessment, and supervisory approach and supervisory outcomes/results were classified and a research pattern was developed. then, a questionnaire was distributed among managers of financial institutions and through the modeling of structural equations(PLS), Data were analyzed. The results of the research showed that risk identification has a positive and significant relationship with risk assessment and supervisory approach, and risk assessment and supervisory approach also have a positive and significant relationship with supervisory outcomes and results. Hence, factors such as risk identification, risk assessment, and supervisory approach, and supervisory outcomes and results affect on monitoring of financial institutions.
Keywords
"Risk-Based Supervision"
"Financial Instutuion"
"Content analysis"
"Structural Equation Model"
"Partial Least Squares"
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Quarterly Journal of Securities Exchange
Volume 11, Issue 43
Winter 2019
Pages 23-72