PROBLEMS OF OPERATIONAL RISK ASSESSMENT AND MANAGEMENT IN BANKS AND DIRECTIONS FOR THEIR MITIGATION
DOI:
https://doi.org/10.47390/ydif-y2026v2i17/n06Keywords:
operational risk, risk assessment, risk culture, KRI, RCSA, scenario analysis, stress testing, IT risk, cyber risk, operational resilience.Abstract
The thesis systematizes key methodological, data, technological and organizational problems of operational risk assessment and management in banks. It focuses on incomplete event identification, data quality, human factors, IT and cyber risks, internal controls, risk culture and interdependencies. An integrated framework based on dynamic key risk indicators, RCSA, loss and near-miss databases, scenario analysis, stress testing and operational resilience is proposed.
References
1. Basel Committee on Banking Supervision. Revisions to the Principles for the Sound Management of Operational Risk. Bank for International Settlements, March 2021.
2. Basel Committee on Banking Supervision. Principles for Operational Resilience. Bank for International Settlements, March 2021.
3. Paola Leone & Pasqualina Porretta & Mario Vellella (ed.), Measuring and Managing Operational Risk, chapter 0, pages 25–93, Palgrave Macmillan.
4. Ariane Chapelle's Operational Risk Management: Best Practices in the Financial Services Industry has been named Book of the Year by the OpRisk Awards 2020.
5. Basel Committee on Banking Supervision. Operational risk and resilience: Consolidated Guidelines, ORR10–ORR20. Bank for International Settlements, 2026.
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