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Identifying and evaluating significant risks

Author

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  • Gavrilă - Paven Ionela

Abstract

Risks are defined as losses associated with certain adverse developments of the results. Risk management is nothing than the assembly of tools, techniques and organizational devices necessary for banks to succeed. Even if you target a time horizon of the future operation of banks, banking risks may be managed in this the novel demarches consisting of managing risk. The importance of risk management as an activity lies in the ability to forecast to some extent by events unfolded risk and make timely decisions necessary to reduce the risk of possible adverse consequences.

Suggested Citation

  • Gavrilă - Paven Ionela, 2006. "Identifying and evaluating significant risks," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 3(8), pages 1-35.
  • Handle: RePEc:alu:journl:v:3:y:2006:i:8:p:35
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    More about this item

    Keywords

    risk; risk management;

    JEL classification:

    • 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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