Permanent Control: The Formula of a Sound Operational Risk Management Approach in the Albanian Banking System

Authors

  • Ardita Todri Faculty of Economics, Elbasan University of Elbasan “Aleksander Xhuvani”, Elbasan, Albania
  • Valbona Dudi Faculty of Economics and Political Sciences Catholic University “Our Lady of Good Council”,Tirana, Albania

Abstract

Statistically based the operational risk management culture is still primitive in the Albanian banking system and that’s why it attracts and causes operational risk. Inevitably, the operational risks may only be increasing, as we see growing globalisation, more competitive markets, rapid developments in technology, and periods of economic difficulty... by becoming an emergency for the Albanian banking system. Thus, in this paper we explore on proposing to a/m system a developing strategy for detection, prevention and response to the operational risk with highest standards of professionalism and the utmost integrity in dealing with all stakeholders of the Albanian banking system by providing also to its customers a safe banking business guaranteed from the banks control functions.

DOI: 10.5901/ajis.2013.v2n8p371

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Published

28-09-2013

Issue

Vol. 2 No. 8 (2013): Special Issue - October 2013

Section

Research Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

 

How to Cite

Permanent Control: The Formula of a Sound Operational Risk Management Approach in the Albanian Banking System. (2013). Academic Journal of Interdisciplinary Studies, 2(8), 371. https://www.richtmann.org/journal/index.php/ajis/article/view/747