The Experience of Banking Practitioners in Facing the Impact of Monetary Policies and Financial Regulations: A Strategic Adaptation in Risk Management
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Abstract
The study of banking practices and the impact of monetary policy and financial regulations is critical for understanding economic stability. While macroeconomic theory and banking regulations have advanced significantly, there is limited research on how banking professionals adapt to these evolving policies. This research addresses the gap by focusing on the subjective experiences and adaptive strategies of senior banking practitioners. Employing a phenomenological approach, the study uniquely explores how these professionals perceive and manage the impact of policy changes. Using in-depth interviews with five senior banking practitioners, key themes emerge, including risk management, operational adaptation, and strategic decision-making amidst fluctuating interest rates and new liquidity regulations. These findings illuminate the ways professionals navigate financial regulations and monetary policies, providing valuable insights into the intersection of policy and practice. The study offers both theoretical contributions to understanding banking practices and practical recommendations for policy formulation in the financial sector.
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