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New Trends regarding the Operational Risks in Financial Sector

Author

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  • Laura Giurca Vasilescu

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

Risks, 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.

Suggested Citation

  • Laura Giurca Vasilescu, 2008. "New Trends regarding the Operational Risks in Financial Sector," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(10), pages 7-16, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2008:i:10:p:7-18
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    File URL: http://feaa.ucv.ro/RTE/010-01.pdf
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    References listed on IDEAS

    as
    1. Ralph C. Kimball, 2000. "Failures in risk management," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 3-12.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    operational risk; financial sector; models; trends;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G3 - Financial Economics - - Corporate Finance and Governance

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