Home  Journals  Finance and Credit  43(427) - 2010 November

The increase of importance of operational risk management in Russian banks

Available online: 17 November 2010

Subject Heading: Banking

JEL Classification: 

From the 1 of august 2010 The Bank of Russia intends to demand banks to include operational risk into the minimum capital to cover all the risks. Why they pay particular attention to this kind of risk? Why they demand to include it into capital requirements for banks just now and what are these requirements What methods of operational risk capital evaluation banks use in Russia and how it corresponds to international practice The aim of this article is to answer all these questions and to describe the system of operational risk management.

Keywords: operational risk, risk-management, Basel Committee of Banking Supervision, operational risk factors, expected loss, unexpected loss, capital requirements, basic indicator approach, standardized approach, advanced measurement approach

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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