Operational Risks in Financial Sectors | Zendy

Elie Karam | Zendy; Frédéric Planchet | Zendy

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Operational Risks in Financial Sectors

Author(s) -

Elie Karam,

Frédéric Planchet

Publication year - 2012

Publication title -

advances in decision sciences

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.178

H-Index - 13

eISSN - 2090-3367

pISSN - 2090-3359

DOI - 10.1155/2012/385387

Subject(s) - operational risk , solvency , business , work (physics) , basel ii , finance , risk management , financial sector , actuarial science , financial system , economics , capital requirement , market liquidity , profit (economics) , mechanical engineering , engineering , microeconomics

A new risk was born in the mid-1990s known as operational risk. Though its application varied by institutions—Basel II for banks and Solvency II for insurance companies—the idea stays the same. Firms are interested in operational risk because exposure can be fatal. Hence, it has become one of the major risks of the financial sector. In this study, we are going to define operational risk in addition to its applications regarding banks and insurance companies. Moreover, we will discuss the different measurement criteria related to some examples and applications that explain how things work in real life

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