Operational risk management in financial institutions: A dead-end journey
AbstractThis article is about operational risk management in credit firms around the European area. The text of Bank Supervision Committee (Basilea II) has been already approved including some important changes about operational risk, so it is time to UE´s bank regulations were adopted and changes applied by monetary and financial authorities. This flexible and professional new regulation introduces some elements on Corporative Government of credit firms affecting it´s internal culture (risk management culture), it’s strategic decisions and entities organization, encouraging to improve the quality of process, services and operations. So this is a good reason to follow the good way of continuous efficiency in an strategic dimension on individual level and on finance system as well. We have the opportunity to research and apply the principles of Business Administration in this field now, but what is better, we would do it on others economic sectors affected by operational risks as well.
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Bibliographic InfoArticle provided by Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE) in its journal Cuadernos de Gestión.
Volume (Year): 5 (2005)
Issue (Month): 1 ()
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Postal: Instituto de Economía Aplicada a la Empresa, Revista Cuadernos de Gestión, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain
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