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Risk Mapping As A Form Of Banking Immunity Response To Covid-19 Pandemic

Author

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  • STEFANIA SYLOS LABINI

    (Department of Economics, Via R. Caggese, 1 - 71121 University of Foggia, Foggia, Italy)

  • IRYNA NYENNO

    (Department of Management, Strategy and Innovations, Naamsestraat, 69 — box 3535 KU LEUVEN, Leuven 3000, Belgium)

Abstract

Climate change and technological innovation expose banks to “new risks.†The COVID-19 pandemic has accelerated and amplified these effects. This paper investigates how the traditional tool of the risk map can incorporate these “new risks†for banks. We develop the configuration of the risk map under the influence of the COVID-19 pandemic in the context of economy digitalization for an anonymous Bank X. We show that the risk map is still a useful tool for identifying risks in banks, appreciable for its simplicity and adaptability especially in evolving contexts. The main contribution is the construction of a methodological framework that is useful for operators and provides banking industry decision makers with a supporting tool to adequately respond to the changing environment.

Suggested Citation

  • Stefania Sylos Labini & Iryna Nyenno, 2023. "Risk Mapping As A Form Of Banking Immunity Response To Covid-19 Pandemic," Journal of Financial Management, Markets and Institutions (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 11(02), pages 1-22, December.
    • Handle: RePEc:wsi:jfmmix:v:11:y:2023:i:02:n:s2282717x2350010x
    DOI: 10.1142/S2282717X2350010X
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    More about this item

    Keywords

    Risk management; risk map; banking industry; COVID-19 response;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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