Operational risk – model of analysis and control

Constantin Anghelache, Madalina-Gabriela Anghel, Aurelian Diaconu and Florin Paul Costel Lilea ()
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Constantin Anghelache: Bucharest University of Economic Studies / „Artifex” University of Bucharest
Madalina-Gabriela Anghel: „Artifex” University of Bucharest
Aurelian Diaconu: „Artifex” University of Bucharest

Romanian Statistical Review Supplement, 2017, vol. 65, issue 11, 102-107

Abstract: Operational risk is important to know because, in its actual work, a bank needs to study the way in which operations are carried out, the monetary-financial system in which it operates and the system in which companies operate. Operational risk is one that can produce negative effects and, as a consequence, diminish the profitability of managers in banking. From this point of view, studying this risk is important to agree a rigorous banking strategy. In foreign trade, by using L / C (letter of credit) as a guarantee and payment method, elements that depend on one or the other partner may occur, especially when letters of credit are not guaranteed by a first-rank bank. Operational risk is important to be considered by any manager when hiring the bank he runs, managing it in operations, or when the client operates with a bank that he / she has not known enough or which can ultimately enter in the perimeter of risk, with effects that affect the client.

Keywords: operational risk; IT security; risk management; internal / external fraud; reputational risk (search for similar items in EconPapers)
JEL-codes: G21 G32 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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