IDEAS home Printed from https://ideas.repec.org/a/eme/jfcpps/jfc-01-2023-0005.html
   My bibliography  Save this article

Operational resilience in light of the war in Ukraine: the disruptive effect of implementing economic sanctions on financial service providers

Author

Listed:
  • Fabian Maximilian Johannes Teichmann
  • Chiara Wittmann
  • Bruno S. Sergi

Abstract

Purpose - The operational resilience of financial service providers is strained to an unprecedented extent following the Russian aggression in the Ukraine and the subsequent implementation of targeted economic sanctions. This paper aims to consider how operational resilience supports financial service providers in implementing sanctions. Design/methodology/approach - The demand made of financial service providers by economic sanction is considered through the lens of operational resilience. Practical problems for the providers are aligned with economic sanctions policies. Findings - A well-established system of operational resilience enables financial service providers to meet compliance requirements of economic sanctions with greater ease. Originality/value - The literature does not credit operational resilience as a systemic capacity of corporations and rather presents it as a specialised feature. In addition, the role of the regulatory bodies is often dismissed despite directly inciting the practical problems faced.

Suggested Citation

  • Fabian Maximilian Johannes Teichmann & Chiara Wittmann & Bruno S. Sergi, 2023. "Operational resilience in light of the war in Ukraine: the disruptive effect of implementing economic sanctions on financial service providers," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 31(6), pages 1532-1539, September.
    • Handle: RePEc:eme:jfcpps:jfc-01-2023-0005
    DOI: 10.1108/JFC-01-2023-0005
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JFC-01-2023-0005/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/JFC-01-2023-0005/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/JFC-01-2023-0005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jfcpps:jfc-01-2023-0005. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.