Operational risks

• Main Author: Dragosavac Miloš
• Format: Article
• Language: English
• Published: Visoka poslovna škola strukovnih studija, Novi Sad 2012-01-01
• Series: Škola Biznisa
• Subjects: risk; managing; management; Basel standards
• Online Access: http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511204054D.pdf

Steady progress of the financial and banking sector caused complex business problems. One of these problems are expressed through a number of risks that banks face in their daily operations. These banks were able to maintain their liquidity and generate strategic aim, it is relevant to implement a series of measures and techniques in terms of hedging. These risks may be numerous, whether they are caused by human factor, information technology, or even a certain market movements. Today the great focus is based on banking risks. Operational risk is a particular form of banking risk. This risk exists not only in an economic but also in a non-economic sector. As the operational risk has a constant development tendency and takes new forms, it is still very popular topic. It is one of the reasons why this risk is reviewed within this paper.