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Monitoring of Compliance Risk in the Bank
- Source :
- Procedia Economics and Finance. 26:800-805
- Publication Year :
- 2015
- Publisher :
- Elsevier BV, 2015.
-
Abstract
- One effect of passing through the world financial crisis is to pay closer attention to compliance with the regulations of business by banks and other financial institutions. In recent times there has also been an increase in the importance of compliance units involved in the management of compliance risk in the bank. The author in the paper highlights the need to risk monitoring of non-compliance with the regulations and presents some monitoring tools of this kind of risk in the bank. Examples of tools and techniques presented in the paper relate to banks operating in Poland. These are mainly methods based on using indicators, supported by information technology tools for business process management. The scope of compliance evolved last years to a much broader area. The author of the paper draws attention to the growing popularity of the approach integrating operational and compliance risk
- Subjects :
- Finance
Scope (project management)
business.industry
compliance risk monitoring
General Engineering
Energy Engineering and Power Technology
Information technology
Financial risk management
ComputingMilieux_LEGALASPECTSOFCOMPUTING
Risk monitoring
Popularity
monitoring tools
indicators
Compliance (psychology)
Business process management
compliance in a bank
Financial crisis
Marketing
business
risk maps
Subjects
Details
- ISSN :
- 22125671
- Volume :
- 26
- Database :
- OpenAIRE
- Journal :
- Procedia Economics and Finance
- Accession number :
- edsair.doi.dedup.....482b87b028a556399dbf7daade0ec355