RISK MAPPING AS A FORM OF BANKING IMMUNITY RESPONSE TO COVID-19 PANDEMIC

Stefania Sylos Labini () and Iryna Nyenno ()
Additional contact information
Stefania Sylos Labini: Department of Economics, Via R. Caggese, 1 - 71121 University of Foggia, Foggia, Italy
Iryna Nyenno: Department of Management, Strategy and Innovations, Naamsestraat, 69 — box 3535 KU LEUVEN, Leuven 3000, Belgium

Journal of Financial Management, Markets and Institutions (JFMMI), 2023, vol. 11, issue 02, 1-22

Abstract: Climate change and technological innovation expose banks to “new risks.†The COVID-19 pandemic has accelerated and amplified these effects. This paper investigates how the traditional tool of the risk map can incorporate these “new risks†for banks. We develop the configuration of the risk map under the influence of the COVID-19 pandemic in the context of economy digitalization for an anonymous Bank X. We show that the risk map is still a useful tool for identifying risks in banks, appreciable for its simplicity and adaptability especially in evolving contexts. The main contribution is the construction of a methodological framework that is useful for operators and provides banking industry decision makers with a supporting tool to adequately respond to the changing environment.

Keywords: Risk management; risk map; banking industry; COVID-19 response (search for similar items in EconPapers)
JEL-codes: G17 G22 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2282717X2350010X
Open Access

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:jfmmix:v:11:y:2023:i:02:n:s2282717x2350010x

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2282717X2350010X

Access Statistics for this article

Journal of Financial Management, Markets and Institutions (JFMMI) is currently edited by Santiago Carbo-Valverde

More articles in Journal of Financial Management, Markets and Institutions (JFMMI) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().