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- W2188337065 abstract "Operational risk in inherent in all financial products, activities and processes and systems and the effective management of operational risk is paramount importance for every financial institution board and senior management. With globalization and deregulation of financial markets, increased competition combined with the advent of high-end, innovative, sophisticated technology tremendous changes have taken place in the products distribution channels and serviced delivery mechanism of financial sector. These have introduced more complexities into the operations and consequently the risk partners and profiles of the sector have also become complex, diverse and catastrophic. The New Capital Adequacy Framework of most of most financial institutions requires them to study the regulatory frame work related to operational risk management. A research was conducted on 150 employees from different financial institutions, such as banks, insurance, stockbrokers and microfinance companies. Analysis of Variance (ANOVA) was used to test the hypothesis and response of respondents was analyzed through the use of Statistical Package for Social Science (SPSS). The result showed that operational risk management effects have positive effects on the financial development and growth in the financial sector." @default.
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- W2188337065 date "2015-01-01" @default.
- W2188337065 modified "2023-09-26" @default.
- W2188337065 title "OPERATIONAL RISK MANAGEMENT AND THE FINANCIAL SECTOR DEVELOPMENT: AN OVERVIEW" @default.
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