New Trends regarding the Operational Risks in Financial Sector
AbstractRisks, especially "operational risks" are part of corporate life, they are the essence of financial institutions' activities. Operational risks are complex and often interlinked and have to be managed properly. Today, there is more pressure to avoid operational risks while continuing to improve corporate performance in the new environment. The operational risk management of the future has to be seen in the wider context of globalization and Internet-related technologies. The two major future drivers - globalization and Internet-related technologies - will challenge the firms from financial sector to take on additional and partly new operational risk.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).
Volume (Year): 1 (2008)
Issue (Month): 10 (April)
operational risk; financial sector; models; trends;
Find related papers by JEL classification:
- G00 - Financial Economics - - General - - - General
- G3 - Financial Economics - - Corporate Finance and Governance
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- Ralph C. Kimball, 2000. "Failures in risk management," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 3-12.
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