Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2011 | 7 | 1 | 13-23

Article title

REVIEW OF BEST INTERNATIONAL PRACTICE IN OPERATIONAL RISK MANAGEMENT (Przeglad miedzynarodowych standardów dobrych praktyk w obszarze zarzadzania ryzykiem operacyjnym)

Authors

Content

Title variants

Languages of publication

PL

Abstracts

EN
The aim of this paper is to analyze standards of good practice relating to operational risk management. Huge losses incurred by renowned companies (e.g. Barings Bank, Enron) as well as local authorities (e.g. Orange County) (Baldassare, 1998 )as a result of errors in operational risk management caused growing interest in this area of science. New strategies of operational risk management implemented in companies and institutions should function within the framework created by legal and corporate regulations valid in a given country. In this paper the author presents various definitions of corporate governance standards and proposes his own definition related directly to the issues discussed here. Then he presents basic systems of risk management consistent with discussed standards. In conclusion, Polish equivalents of normative regulations discussed here were presented, on the basis of which one could construct a system of operational risk management.

Year

Volume

7

Issue

1

Pages

13-23

Physical description

Document type

ARTICLE

Contributors

author
  • Dr Michal Thlon, Uniwersytet Ekonomiczny w Krakowie, ul. Rakowicka 27, 30-910 Kraków, Poland

References

Document Type

Publication order reference

Identifiers

CEJSH db identifier
11PLAAAA09317

YADDA identifier

bwmeta1.element.d5de04bb-63a1-3a8a-98f4-5c143a90451a
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.