Operational Risk Management in Financial Institutions

Abstract

In this paper, a theoretical effort is made to analyze and manage the separate risks, which belong to the wider category of operational risk and cause losses that derive from insufficient or failed internal processes of human resources, internal control systems, false information due to negligence, fraud or improprieties, legal and accounting risks, technological and natural risks, etc. An in-depth analysts is made for all of the above mentioned cases, concerning the confrontation and restriction of all forms of operational risks faced by financial institutions.