Supply Chain Financial Performance has drawn much attention due to the recession created by the global financial crisis of 2008, which caused severe financial problems to companies worldwide and forced them to find new forms of financing their business plans to avoid bankruptcy. The main...

In order to address the weaknesses of the financial system revealed by the recent financial crisis, Basel Committee introduced a series of changes in the international regulatory framework. Basel III is a set of proposed modifications to international rules on capital adequacy and liquidity of...

The purpose of this study is twofold: to provide a general overview of the newly established accounting standard - IFRS 9 and highlight its expected impact on the financial condition of the European banking system, placing the focus on the Greek banking sector. The research methodology...

The purpose of this study is to provide an updated version of the widely accepted three lines of defense model (3LoD) to better apply for regulated financial institutions. The author proposes the five lines of defense model (5LoD) which consists of the existing three lines along with external...

Following the recession created by the recent global financial crisis, which caused disruptions in the funding markets and in the financial flow level of supply chains, companies were forced to reduce their working capital targets, as well as find new forms of financing their business plans....

This paper aims to elaborate on the theory of fraud by enhancing the existing theories behind the factors that force people to commit fraud. The paper reviews the most commonly used and widely accepted models for explaining why people commit fraud - the Fraud Triangle, the Fraud Diamond, the...

The recent global financial recession highlighted the critical role that the banking system plays in the modern economy. Banks are complex financial institutions that operate in a constantly changing business environment and deal with high levels of risk, while facing fraudulent actions in...

This paper aims to shed light on the venture of the recapitalization of the Greek “systemic” banks in the time period following the major global financial crisis in 2008. The aim is both to present an objective representation of the situation that occurred in the Greek banking system, as a...

The purpose of this study is to evaluate the effectiveness of Internal Audit (IA) units of major Greek banks in addressing fraud. The research methodology implemented is a qualitative survey applying a self-structured, properly designed questionnaire, comprised of twenty targeted questions,...