La créativité d'experts comme risque opérationnel: contournements et détournements de la régulation bancaire

Jérôme Méric () and Flora Sfez ()
Additional contact information
Jérôme Méric: IAE Poitiers - Institut d'Administration des Entreprises (IAE) - Poitiers - UP - Université de Poitiers = University of Poitiers
Flora Sfez: ESCEM Tours Poitiers - ESCEM School of Business and Management - Groupe école supérieure de commerce et de management Tours-Poitiers

Post-Print from HAL

Abstract: Banking regulation seems much more demanding for banks management since operational risks have been included in risk appraisal rules. Nevertheless, measurement devices that are chosen to achieve such appraisals significantly reduce the scope of process, HR, and system related risks taken into account. Analyzing four salient events in recent banking history shows that a major operational risk source derives from the very nature of banks as organizations. As bureaucracies based on experts, banks possess outstanding creative potentialities. This creativity is expressed in financial innovation developed jointly with new rules it is supposed to help escape. It also appears in the way regulators still offer financial experts some free space to operate their way. A conceptual framework is proposed to help understand such a process.

Date: 2011
References: Add references at CitEc
Citations:

Published in Revue management & avenir, 2011, ⟨10.3917/mav.048.0239⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-02089107

DOI: 10.3917/mav.048.0239

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().