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The Governance of the Operational Risk Indicators

Author

Listed:
  • Angelica Stratulat

    (Dunarea de Jos University of Galati, Romania)

  • Monica Susanu

    (Dunarea de Jos University of Galati, Romania)

Abstract

Management has won much its status of science as it is the scientific approach of solving many problems that the leadership of any entity currently has and, as such, it continues to fuel many controversies and debates. Management is the process meant to coordinate, to plan and to control the activities in an organization so as it is able to ensure its goals with maximum efficiency. Under these circumstances, future uncertainties and risks cause revolutionary mutations in approaching most of the economic and social paradigms that humankind were too long accustomed to, so that also the management processes and procedures system is exposed to corresponding changes. Operational Risk Management is not an integrated process but rather a set of fragmented activities that treat and resolve a variety of risks facing the firm/company as a whole, which determines facing the process from a holistic perspective of the whole business.

Suggested Citation

  • Angelica Stratulat & Monica Susanu, 2016. "The Governance of the Operational Risk Indicators," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 341-351.
    • Handle: RePEc:ddj:fserec:y:2016:p:341-351
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    References listed on IDEAS

    as
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    3. Schaeck, Klaus & Čihák, Martin, 2008. "How does competition affect efficiency and soundness in banking? New empirical evidence," Working Paper Series 932, European Central Bank.
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