A review of operational risk in banks and its role in the financial crisis
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | A review of operational risk in banks and its role in the financial crisis | |
| Creator | de Jongh, Erika de Jongh, Riaan de Jongh, Dawie van Vuuren, Gary | |
| Description | The role of operational risk in the 2007/2008 financial crisis is explored. The factors that gave rise to the crisis are examined and it is found that although the event is largely regarded as a credit crisis, operational risk factors played a significant role in fuelling its duration and severity. It is concluded that, from an operational risk perspective, 2008 was the worst on record. Considering the extensive role of operational risk in global financial calamities, suggestions are made to improve the management of this risk type. | |
| Publisher | AOSIS Publishing | |
| Date | 2013-11-29 | |
| Identifier | 10.4102/sajems.v16i4.440 | |
| Source | South African Journal of Economic and Management Sciences; Vol 16, No 4 (2013); 364-382 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/440/271
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