L'impact grandissant du risque opérationnel dans le secteur bancaire

Mémoire Comptabilité & finances Finance

Date de publication :

15/09/2009

Langue :

Anglais

Format :

.pdf

Nombre de pages :

70 pages

Niveau :

grand public

Consulté :

1 fois

Avis client :

non évalué

Validé par :

le comité Oboulo.com

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Sommaire :

Sommaire

How could we define the operational risks ?
1. Why a new category of risks has been created?
2. The creation of the Basel II Accords
3. The Basel II Accords' exigencies
4. How the operational risks are managed by the banks?
The management of the operational risks
1. The operational risks management at the Dexia BIL (Luxembourg)
2. The management of the operational risks in France
3. Jérôme Kerviel's case: a new shock for the financial market
4. The limits of the operational risks management

Résumé :

Since its implementation in the banks in January 2007, the operational risks are considered as a main point of the banks' strategy. The operational risks are defined as "the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. " The Basel II Accords, signed in June 2004 and officially implemented in banks in January 2007, give the banks the guideline to follow to deal with their operational risks. By following those guidelines, the banks will improve the management of their operational risks and decrease their exposition to those risks. The aim of this report is to point out how important is the management of the operational risks for the banks. It was necessary for the financial institutions to take into account the evolution of the operational risks at the end of last century. Several events such as the Barings' bankruptcy or the terrorist attacks of New York City in 2001 sounded the alarm bell. That is why the Basel Committee wanted to improve the management of the operational risks through new regulations included in the Basel II Accords. By improving the management of the operational risks, the banks would reduce its exposure to those risks and decrease its operational losses. Even if those changes represent a big effort and huge investments for banks, the repercussions for them are very beneficial. The reduction of the banks' exposition to the operational risks will permit them to avoid traumatisms such as the Barings knew ten years ago. The application of the Basel II Accords has a positive effect on the banks' costs but also on the banks' revenue. In fact, by imposing new regulations to the banks, those accords are also profitable for the banks' client. The new banking rules have the advantage to improve the quality of the banks' services. Since the implementation of the Basel II Accords in January 2007, analysts thought that the banks were totally protected from the operational risks. However, the several internal frauds that touched the banks since the sub primes crisis in summer 2007 questioned the banks' management of the operational risks and point out that the banks still have to improve the management of those risks.