Operational Risks in Financial Institutes
Amarnatha, Sandeep (2015) Operational Risks in Financial Institutes. [Dissertation (University of Nottingham only)]
Financial Crisis of 2007-08 is an ultimate manifestation of how inefficient risk management in financial institutes can lead to global economic meltdown; it also highlights the need for effective control system and a healthy organizational culture. In recognition to this financial catastrophe, regulators had to stipulate higher capital reserves and buffers ratios, exclusively to cover up operational risks at financial institutes.
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