Abstract
The existing financial and economic situation in the world and in Russia impacts the activities of all sectors of the economy, including posing challenges for banks. In the conditions of prolonged instability, the banking community has to pay great attention to the risks taken and to manage them. Among all the risks that the bank is exposed to, operational risks represent a separate group due to its specifics, a lack of a systematic approach to analysis and a lack of identification criteria requiring more detailed study. The operational risk is unique in that, although it affects virtually all areas of the credit institution, it is difficult to establish and separate it from other bank risks. It should be noted that every year there appear all new types of operational risk that have a strong impact on the activities of the credit institution due to the development of information and computer systems, the complication of the instruments of the stock market and the improvement of business methods. Therefore, regulators of all countries try to constantly improve the regulatory framework related to the management of the operational risk of a commercial bank, based on the recommendations given by the Basel Committee on Banking Supervision.The article is aimed at developing an effective system for managing the operational risk of a commercial bank.The empirical level research methods used in this article are a description of what operational risk is, its types, tools and methods of assessment; comparison of operational risk management systems in the studied banks; generalization, analysis and synthesis of the information received; the hypothetical-deductive method is used at the theoretical level.Modernization and improvement of the operational risk management system helps stabilize the bank, increase stability and increase profitability, reduce the provision of capital for operational risk, and increase the attractiveness of banking services for consumers, thus benefiting a credit institution among competitors. In today's financial environment, the effective operational risk management is inherent in the long-term development strategy.
Highlights
The relevance of the article is predetermined by the fact that the modern world does not stand still, there are positive, and negative changes
The first group includes the socalled advanced methods recommended by the Basel Committee on Banking Supervision and requiring that the credit institution has an extensive base on events of the operational risk and expensive software for making calculations
This includes the Internal Measurement Approach (IMA), the Loss distribution approach (LDA), a method related to probability distribution, and the Scorecard approach (SCA) or a method based on evaluation cards
Summary
The relevance of the article is predetermined by the fact that the modern world does not stand still, there are positive, and negative changes. There are unsolved issues that relate to the methods of assessing and managing the operational risk of the bank. Top-10 banks have more resources for assessing and managing the operational risk than top 50 banks Top 50 banks often cannot afford to take advantage of advanced approaches because of the high cost of the software or do not have a sufficient base for operational risk events. All these factors make it necessary for commercial banks to manage the operational risk, and the topic of the article is relevant.
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