The Granulation Trend or the New Vision for Non-Financial Risks Cover Image

Тенденцията към гранулиране или новата визия за нефинансовите рискове
The Granulation Trend or the New Vision for Non-Financial Risks

Author(s): Nedyalko Valkanov
Subject(s): Economy
Published by: Съюз на учените - Варна
Keywords: banks; non-financial risks; operational risk; compliance

Summary/Abstract: In recent years the category of non-financial risks has become a challenge for global banking industry. This broad combination describes the occurrence of unfavorable events and suffering of losses as a result of factors connected with the main activity of credit institutions. The consequences of imposed fines and sanctions are valued in billions. Their impressive amounts definitely exacerbate banks’ balance sheets, already burdened by the need for covering a number of new regulatory requirements. The article examines the growing importance of this risk category as some of the measures connected with its counteraction.

  • Issue Year: 7/2018
  • Issue No: 2
  • Page Range: 34-43
  • Page Count: 10
  • Language: Bulgarian