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Financial Analytics: Science and Experience
 

Essence and types of risks of financial innovations in bank sphere

Vol. 6, Iss. 3, JANUARY 2013

Available online: 28 January 2013

Subject Heading: Innovations

JEL Classification: 

Grishina E.A. Lecturer of department "Banking", the Saratov State Social Economic University
gea555@mail.ru

In the conditions of the growing competition in the financial market among domestic and foreign banks and the non-bank credit organizations the attention to development and deployment of innovations which can become the powerful tool in this fight increases. As innovative activity is always interfaced to risks, their studying is becoming increasingly important. In the article the essence of risks of financial innovations is considered, approaches to their definition are analyzed, extensive classification of risks by the various bases is given and methods of their decrease are described.

Keywords: essence, risk, financial innovation, type, classification, method

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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