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The Operational Risk Management in Banking – Evolution of Concepts and Principles, Basel II Challenges

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  • Mirela-Anca SCHWARTZ-GÂRLIªTE

    (West University of Timisoara, Romania)

Abstract

The operational risks in the bankinkg sector are undeniable realities of contemporary specific environment and their correct treatment is now both a necessity and a prerequisite for effective overall management process. Operational risk management brings a double challenge for banks. On the one hand the need to align with regulations in order to meet the requirements of the system’s regulators, on the other hand turning these requirements into a business opportunity. This paper is meant to provide an overlook on the operational risk management specific to the banking sector. The study briefly defines operational risk in banking and reviews the evolution of the good practices principles regarding operational risk management in banking. In the last part the paper paper deals with the approaches used for establishing the regulatory capital for operational risk as they were set by the Basel Committee for Banking Supervision: basic indicator approach, standardized approach and advanced measurement approach.

Suggested Citation

  • Mirela-Anca SCHWARTZ-GÂRLIªTE, 2013. "The Operational Risk Management in Banking – Evolution of Concepts and Principles, Basel II Challenges," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 165-174, March.
    • Handle: RePEc:rom:rmcimn:v:14:y:2013:i:1:p:165-174
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    References listed on IDEAS

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    1. Doina Popescu, 2008. "Risk Transfer Through Insurance Contract – Part Of Business Risk Management," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(528)(s), pages 134-137, November.
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      Keywords

      operational risk; operational risk management; basic indicator approach; standardised approach; advanced measurement approach.;
      All these keywords.

      JEL classification:

      • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
      • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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