Permanent Control: The Formula of a Sound Operational Risk Management Approach in the Albanian Banking System

Statistically based the operational risk management culture is still primitive in the Albanian banking system and that’s why it attracts and causes operational risk. Inevitably, the operational risks may only be increasing, as we see growing globalisation, more competitive markets, rapid developments in technology, and periods of economic difficulty... by becoming an emergency for the Albanian banking system. Thus, in this paper we explore on proposing to a/m system a developing strategy for detection, prevention and response to the operational risk with highest standards of professionalism and the utmost integrity in dealing with all stakeholders of the Albanian banking system by providing also to its customers a safe banking business guaranteed from the banks control functions. DOI: 10.5901/ajis.2013.v2n8p371