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Approaches for the Establishment of the Management Information System for Monitoring the Operational Risk in Banks


  • Liliya Rangelova

    (University of National and World Economy, Sofia, Bulgaria)


In present-day economic conditions characterized by growing complexity of business transactions, structural changes in the global economy and penetration and the broader use of information and communication technologies lead to a significant increase in operational risk. As this is a trend that will accelerate in the coming years, the paper argues that it is essential for banks to have adequate procedures in place to identify, analyze, evaluate, monitor and control this risk in order to determine economic capital, providing protection against the risks to which the financial institution is exposed.

Suggested Citation

  • Liliya Rangelova, 2022. "Approaches for the Establishment of the Management Information System for Monitoring the Operational Risk in Banks," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 123-140, November.
  • Handle: RePEc:nwe:natrud:y:2022:i:4:p:123-140

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    operational risk; commercial banks; operational risk losses; operational risk losses recording;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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