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Sustainable Risk Management in the Banking Sector

Author

Listed:
  • Ivo Županović

    (Faculty of Management, Herceg Novi)

Abstract

The globalization of financial markets and negative consequences of the financial crisis resulted in negative connotations in the operation of many financial institutions, businesses and citizens and imposed the need to implement appropriate risk management measures in the banking sector. Evolution of the financial sector makes a lot of news in the field of risk management and particularly the modelling of market, credit and operational risk. The main methodology for risk management is the value-at–risk, which is used in practice with other techniques such as the capital- at-risk method in order to minimize business risks and achieve optimal results in the banking and, generally, financial operations. Accordingly, at all levels of governance in the banking sector, there are prudential policies in place governing the management of all types of financial and operational risks. Based on the abovementioned, the focus of the examination was on the above postulate, and prompt recognition, control and proper management of banking risks.

Suggested Citation

  • Ivo Županović, 2014. "Sustainable Risk Management in the Banking Sector," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 3(1), pages 81-100.
    • Handle: RePEc:cbk:journl:v:3:y:2014:i:1:p:81-100
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    File URL: http://www.cbcg.me/repec/cbk/journl/vol3no1-6.pdf
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    Citations

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    Cited by:

    1. Roberto Ercegovac & Mario Pečarić & Ivica Klinac, 2020. "Bank Risk Profiles and Business Model Characteristics," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(3), pages 107-121.
    2. Ristanović Vladimir & Primorac Dinko & Mikić Mihaela, 2023. "Application of Multi-Criteria Assessment in Banking Risk Management," Zagreb International Review of Economics and Business, Sciendo, vol. 26(1), pages 97-117.
    3. Elena Shustova & Vesselin Blagoev, 2018. "Risk Management in the Internet Banking. The Case of Kazakhstan," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 135-146.

    More about this item

    Keywords

    banking sector; financial risks; risk management mechanisms; supervision; measuring methods;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

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