Economics, Econometrics and Finance
4 years ago

New Study Reveals Banks' Approach to Managing Operational Risks.

Annales Universitatis Apulensis Series Oeconomica
Operational Risk Management - A Specific Banks Approach
Adela Socol

Paper Summary

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The article discusses how banks manage operational risks, which are losses from internal or external factors. Operational risk includes legal risks but not strategic or reputational risks. The study focuses on how Romanian banks deal with operational risks, as outlined in banking legislation. Factors like inadequate internal processes or economic changes can lead to losses.