IDEAS home Printed from https://ideas.repec.org/a/rsk/journ3/7960930.html
   My bibliography  Save this article

Operational risks: trends and challenges

Author

Listed:
  • Emelly Anne Silva de Lima
  • Maria Silene Alexandre Leite

Abstract

The management of operational risk is a critical issue for financial institutions, due to their complex business models and the need to comply with regulatory requirements. The second Basel Accord (Basel II), which was issued by the Basel Committee on Banking Supervision in 2004, provides guidance to central banks and supervisory authorities in member countries. In this context, this study provides a panoramic view of the current state of research on operational risk in financial institutions. With the aim of providing different perspectives, we examine a sample of journal articles through a systematic literature review using VOSVIEWER. Our results indicate a multidisciplinary interest in the topic. Of note are the search to reduce the monetary value of capital for operational risk management (as recommended by Basel II), the cascading response to such events, the recent emphasis on reputational damage to financial institutions, and approaches that make use of artificial intelligence (brought about by advances in technology).

Suggested Citation

  • Emelly Anne Silva de Lima & Maria Silene Alexandre Leite, . "Operational risks: trends and challenges," Journal of Operational Risk, Journal of Operational Risk.
    • Handle: RePEc:rsk:journ3:7960930
    as

    Download full text from publisher

    File URL: https://www.risk.net/journal-of-operational-risk/7960930/operational-risks-trends-and-challenges
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:rsk:journ3:7960930. 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: Thomas Paine (email available below). General contact details of provider: https://www.risk.net/journal-of-operational-risk .

    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.