Other Articles by Authors

Tonmoy Choudhury
Kevin Daly

Authors and WSEAS

Tonmoy Choudhury
Kevin Daly

WSEAS Transactions on Business and Economics

Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 16, 2019

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 16, 2019

A Note on Contemporary Literature of Risk and Risk Management in Banking

AUTHORS: Tonmoy Choudhury, Kevin Daly

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ABSTRACT: Risk has been defined by numerous of forms by the current researchers when relating it to financial services. In this paper, we investigate different definitions of risk and risk management using qualitative analysis given by the previous authors in the past decades and how the financial institutions are using them to manage their risk. A financial institution risk management is not only dependent on how the shocks are spreading or spilling over to other institutions, but it also depends on how much of the risk can we decrease in the first place by using internal control mechanism. Keeping these in mind, our discussion from the qualitative analysis is used to create a modern framework for internal risk management for individual financial institutions.

KEYWORDS: Risk, Risk Management, Literature Review


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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #13, pp. 107-119

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