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New Trends regarding the Operational Risks in Financial Sector

Laura Giurca Vasilescu

Revista Tinerilor Economisti (The Young Economists Journal), 2008, vol. 1, issue 10, 7-16

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.

Keywords: operational risk; financial sector; models; trends (search for similar items in EconPapers)
JEL-codes: G00 G3 (search for similar items in EconPapers)
Date: 2008
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Revista Tinerilor Economisti (The Young Economists Journal) is currently edited by Ionascu Costel

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