Operational Risk. Mode of administration in the banking system in Romania

摘要

The majority of operational risk events should be prevented with the adequate procedures and for this reason, operational banking risks events need to be identified and monitored. The objective of this paper is to study the operational risk from a banking societies' viewpoint. We describe the main regulations and settlements in the field and examine the various approaches of the operational banking risk. The paper presents the need of banks to managing operational risk. The purpose of this paper is to analyze the potential operational banking risk losses and to introduce the key operational risk indicators. We present a possible matrix of the operational risk monitoring indicators and the correlations between the main types of the operational banking risks and the measures to prevent and diminish the operational risks. It is very important for a bank to develop loss events tracking and reporting, that represent early warning signals in the banking risks management. From the theoretical approach and from the description of quantifying of operational banking risk, the results of this study insist on the importance of measuring of operational banking risk and identifies major issues that need to be considered to improve the managing operational banking risk.