Data on Risk Management Detailed by a Researcher at Plekhanov Russian University of Economics (The Analysis of Methodological Integrity in The Operational Risk Management of Modern Banks): Insurance – Risk Management

2023 NOV 29 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New study results on risk management have been published. According to news reporting out of Plekhanov Russian University of Economics by NewsRx editors, research stated, “The aim of the article is to study the importance of maintaining methodological integrity in the operational risk management framework in Russian credit institutions. To reach the goal, an analysis of practical approaches to operational risk management is carried out, opportunities for optimising equity capital are presented.”

The news reporters obtained a quote from the research from Plekhanov Russian University of Economics: “The major needs the credit institutions will face due to the transition of operational risk calculation to a new standardised approach are analysed. The significance of a systematic approach in operational risk management applied by credit institutions is determined. The paper systematises modern factors that influence operational risk management, and applies the author’s approach to calculating operational risk exposure indicators. The author’s approach is based on an item-by-item analysing the ratio of the amount of operational risk losses to the amount of expenses for applying operational risk management methods. The scientific novelty of the research consists of highlighting the main practical approaches to managing bank risks in the context of digitalisation and development of financial technologies. The article formulates key trends in operational risk management in commercial banks and presents ways to solve problems caused by the use of operational risk management methods that will improve methodological process of bank risk management.”

According to the news editors, the research concluded: “The practical significance of the article is to reflect the need and importance of adequate methodological process of banking risk management and the presentation of practical recommendations aimed at improving the quality of the risk management system and risk culture in general. It can be applied in the work of risk management department and internal control department.”

For more information on this research see: The Analysis of Methodological Integrity in The Operational Risk Management of Modern Banks. Strategiceskie rešenia i risk-menedžment, 2023,14(1):48-57. (Strategiceskie rešenia i risk-menedžment - http://www.jsdrm.ru). The publisher for Strategiceskie rešenia i risk-menedžment is Real Economics Publishing House.

Our news journalists report that more information may be obtained by contacting R. R. Kozubekova, Plekhanov Russian University of Economics (Moscow, Russia), “FinanceCreditBank” JSC (Moscow, Russia).

(Our reports deliver fact-based news of research and discoveries from around the world.)