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The Risk of Operational Incidents in Banking Institutions

Isaic-Maniu, Alexandru and Dragan, Irina-Maria (2009): The Risk of Operational Incidents in Banking Institutions. Published in: Reliability: Theory & Applications , Vol. 1, No. 1(16) (15 March 2010): pp. 72-84.

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Abstract

Banking-financial institutions are organizations which might be included in the category of complex systems. Consequently, they can be applied after adaptation and particularization, in the general description and assessment methods of the technical or organizational systems. The banking-financial system faces constrains regarding the functioning continuity. Interruptions in continuity as well as operational incidents represent risks which can lead to the interruption of financial flows generation and obviously of profit. Banking incidents include from false banknote, cloned cards, informatics attacks, false identity cards to ATM attacks. The functioning of banking institutions in an incident-free environment generates concern from both risk assessment and forecasting points of view.

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