Operational Risk Management in Financial Institutions: A Literature Review
Following the three-pillar structure of the Basel II/III framework, the article categorises and surveys 279 academic papers on operational risk in financial institutions, covering the period from 1998 to 2014. In doing so, different lines of both theoretical and empirical directions for research are...
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| Format: | Article |
| Language: | English |
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MDPI AG
2016-10-01
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| Series: | International Journal of Financial Studies |
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| Online Access: | http://www.mdpi.com/2227-7072/4/4/20 |
| _version_ | 1831774896195108864 |
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| author | Suren Pakhchanyan |
| author_facet | Suren Pakhchanyan |
| author_sort | Suren Pakhchanyan |
| collection | DOAJ |
| description | Following the three-pillar structure of the Basel II/III framework, the article categorises and surveys 279 academic papers on operational risk in financial institutions, covering the period from 1998 to 2014. In doing so, different lines of both theoretical and empirical directions for research are identified. In addition, this study provides an overview of existing consortia databases and other publicly available sources on operational loss that may be incorporated into empirical research, as well as in risk measurement processes by financial institutions. Finally, this paper highlights the research gaps in operational risk and outlines recommendations for further research. |
| first_indexed | 2024-12-22T09:04:02Z |
| format | Article |
| id | doaj.art-6c7a8ce411544185a1f9aa1ab8f42fdc |
| institution | Directory Open Access Journal |
| issn | 2227-7072 |
| language | English |
| last_indexed | 2024-12-22T09:04:02Z |
| publishDate | 2016-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | International Journal of Financial Studies |
| spelling | doaj.art-6c7a8ce411544185a1f9aa1ab8f42fdc2022-12-21T18:31:39ZengMDPI AGInternational Journal of Financial Studies2227-70722016-10-01442010.3390/ijfs4040020ijfs4040020Operational Risk Management in Financial Institutions: A Literature ReviewSuren Pakhchanyan0Area Finance and Banking, Department of Business Administration, Economics, and Law, University of Oldenburg, D-26111 Oldenburg, GermanyFollowing the three-pillar structure of the Basel II/III framework, the article categorises and surveys 279 academic papers on operational risk in financial institutions, covering the period from 1998 to 2014. In doing so, different lines of both theoretical and empirical directions for research are identified. In addition, this study provides an overview of existing consortia databases and other publicly available sources on operational loss that may be incorporated into empirical research, as well as in risk measurement processes by financial institutions. Finally, this paper highlights the research gaps in operational risk and outlines recommendations for further research.http://www.mdpi.com/2227-7072/4/4/20Basel frameworkoperational riskrisk managementrisk indicators |
| spellingShingle | Suren Pakhchanyan Operational Risk Management in Financial Institutions: A Literature Review International Journal of Financial Studies Basel framework operational risk risk management risk indicators |
| title | Operational Risk Management in Financial Institutions: A Literature Review |
| title_full | Operational Risk Management in Financial Institutions: A Literature Review |
| title_fullStr | Operational Risk Management in Financial Institutions: A Literature Review |
| title_full_unstemmed | Operational Risk Management in Financial Institutions: A Literature Review |
| title_short | Operational Risk Management in Financial Institutions: A Literature Review |
| title_sort | operational risk management in financial institutions a literature review |
| topic | Basel framework operational risk risk management risk indicators |
| url | http://www.mdpi.com/2227-7072/4/4/20 |
| work_keys_str_mv | AT surenpakhchanyan operationalriskmanagementinfinancialinstitutionsaliteraturereview |