Historical Evolving of Operational Risk in Commercial Banking
Up to now, a consensus had been reached that the presentation of the operations of a modern commercial bank is money, but the essence of its operations is risk. The modern commercial bank is a “risk machine. It takes risks, transfers risks and embeds risks in its banking products, activities, processes and systems so as to manage risks timely and effectively. Operational risk is one of the main risks faced by the commercial banks of China and inherent in all banking products, activities, processes and systems. So, the effective management of operational risk has always been a fundamental and important task for commercial banks of China. In order to manage operational risk efficiently and effectively, we should understand operational risk soberly in the first instance. In this paper, based on qualitative analysis, the historical evolving of operational risk in foreign countries has at first been probed into, and then the historical evolving of operational risk in China has been discussed. The intention of them is to enhance the levels of the operational risk management for banks of China.
operational risk historical evolving management
QU Shaoqiang ZHANG Yuzhong
Shandong Institute of Business and Technology, Yantai, Shandong Province, China, 264005
国际会议
大连
英文
261-265
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）