Title :
Research on Operational Risk Management Framework for Commercial Banks in Internet World - Based on McKinsey 7S Model
Author :
Chen Jing-xin ; Liu Wei
Author_Institution :
Langfang Dept., Hebei Univ. of Technol., Langfang, China
Abstract :
Operational risk has become major field of research on risk management in global banking. The spirit of open, cooperation, equality and globalization advocated by Internet has changed the business of commercial banks completely and largered their operational risk several times. Based on introducing the definition and characteristics of operational risk, this paper analyses the development trend of operational risk and proposes the operational risk management framework for commercial banks based on McKinsey 7S Model in Internet World.
Keywords :
Internet; bank data processing; electronic commerce; risk management; Internet; McKinsey 7S model; commercial bank; operational risk management; Banking; Biological system modeling; Globalization; Internet; Monitoring; Risk management;
Conference_Titel :
Internet Technology and Applications, 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5142-5
Electronic_ISBN :
978-1-4244-5143-2
DOI :
10.1109/ITAPP.2010.5566111
