Risk and risk management in Jordanian banking Dissertation

Risk and risk management in Jordanian banking - thesis ExampleThe paper tells that recent worldwide economic slump is considered as not only cosmos the first global economic downturn of the 21st century, unless it is also considered as a sunrise(prenominal) risk face by the global society coming from unknown unknowns of which available information ar insufficient in shedding lightsome. Nevertheless, it should be noted, the global economic slowdown can be approached and analysed employ several perspectives and it involves a whole gamut of issues that are intertwined, not just single direct cause. In light of this condition, as this research will deal with risk and risk management, it will primarily focus on useable risk management in Jordanian banking sector. Operational management and operational risks have coherent been part of the life cycle of businesses, especially in the banking industry. Generally, it seeks to address the risks arising from the day-to-day operations o f the banks. As such, operational risks management deals with non-financial risks, which when left unattended, are proven catastrophic not only for the banks, but for the entire global community. This situation highlights the urgency to give further clarification regarding the idea of operational risks and operational risks management so that a better mind of its implications of in the banking sector can be achieved. It holds the position that gaining better understanding of operational risks management in Jordanian banking sector provides solid foundation, with which, its implications can be transformed in to valuable information and policies to counter operational risks. 1.2. Background of the Study Operational risks management is new (Petria & Petria, 2009), but operational risks are not. The inclusion of and explication of operational risks and operational risk management in Basel II conformity categorically show the integral importance of operational risks management in the b anking sector. Since, Basel II now proposes a more stringent management structure, tools and processes in addressing operational risks (Medova, 2000). The conceptual frame together with the events create the range of a function wherein the significance of a more coherent and systematic approach to operational risks becomes necessary in the banking se