NEW TRENDS REGARDING THE OPERATIONAL RISKS IN FINANCIAL SECTOR
Journal Title: Revista Tinerilor Economisti - Year 2008, Vol 10, Issue 10
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.
Authors and Affiliations
Giurca Vasilescu Laura
Keywords
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