Theoretical and Applied Economics
No. 5 / 2007 (510)
The Operational Risk in the Outlook of the Basel II Accord Implementation
Universitatea Webster, Viena
Abstract. The financial scandals în the last two decades have determined the Basel Committee to improve the risk controls for banks în general, and for operational risk in particular. Operational risk covers all non-market or credit risk, therefore including management risk, IT and fraud risk. By the Basel II Accord, the Committee proposes three risk measurement methods, which induce increasing costs, but also greater reductions în a bank’s capital reserve, and thus în its operating costs.
Contents
R.M. Solow Adjusted Model of Economic Growth
Multidisciplinary Optimization in Services Management
IAS 41 Agriculture: Fair Value Accounting
Model Proposition for the Fiscal Policies Analysis Applied in Economic Field
The Operational Risk in the Outlook of the Basel II Accord Implementation
Structural Instruments – the New Challenge for Romania. Investment Fields and the Beneficiaries for the Operational Programs 2007-2013
The Standard-cost Method: the Best Answer for the Effective Management of the Value Side of the Manufacturing Process and Raising Economic Efficiency
The International Trade in Global Economy
The Stress’ Management and Time Budget