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La créativité d'experts comme risque opérationnel: contournements et détournements de la régulation bancaire

Author

Listed:
  • Jérôme Méric

    (IAE Poitiers - Institut d'Administration des Entreprises (IAE) - Poitiers - UP - Université de Poitiers = University of Poitiers)

  • Flora Sfez

    (ESCEM Tours Poitiers - ESCEM School of Business and Management - Groupe école supérieure de commerce et de management Tours-Poitiers)

Abstract

Banking regulation seems much more demanding for banks management since operational risks have been included in risk appraisal rules. Nevertheless, measurement devices that are chosen to achieve such appraisals significantly reduce the scope of process, HR, and system related risks taken into account. Analyzing four salient events in recent banking history shows that a major operational risk source derives from the very nature of banks as organizations. As bureaucracies based on experts, banks possess outstanding creative potentialities. This creativity is expressed in financial innovation developed jointly with new rules it is supposed to help escape. It also appears in the way regulators still offer financial experts some free space to operate their way. A conceptual framework is proposed to help understand such a process.

Suggested Citation

  • Jérôme Méric & Flora Sfez, 2011. "La créativité d'experts comme risque opérationnel: contournements et détournements de la régulation bancaire," Post-Print hal-02089107, HAL.
    • Handle: RePEc:hal:journl:hal-02089107
    DOI: 10.3917/mav.048.0239
    as

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