Risk and risk management in Jordanian banking Dissertation

Risk and risk management in Jordanian banking - disquisition ExampleThe paper tells that recent orbiculate economic slump is considered as non only being the first global economic downturn of the twenty-first century, but it is also considered as a new risk face by the global society coming from unknown unknowns of which available information are insufficient in shedding light. Nevertheless, it should be noted, the global economic slowdown can be approached and analysed using 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 in operation(p) risk management in Jordanian banking arena. Operational management and operational risks have long 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 of the bank s. 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 understanding 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 Accord categorically show the integral importance of operational risks management in the banking 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 paradigm wherein the significance of a more coherent and organized approach to operational risks becomes necessary in the banking se