Operational Risk Management in Corporate and Banking Sector of Pakistan

Sitwat Habib, haris masood, Taimoor Hassan, Muhammad Mubin, Umair Baig
2014 Social Science Research Network  
This paper is to examine the current status of operational risk management in Pakistan concerning corporate and banking sector and explore the reasons for the adoption or lack of adoption of integrated approach to operational risk management. It identifies the imperatives for implementation of comprehensive risk management solutions leading to enterprise risk management (ERM).The mode of research is qualitative. The paper shows that effective risk management can enhance organizational
more » ... e but appropriate infrastructure is not available in companies. This paper highlights the fact that knowledge of risk management in corporate sectors of Pakistan is insufficient and sample companies hesitate to respond thinking that it may reflect inefficiencies and in banking sectors the concept of operational risk management can be seen up to some extent.
doi:10.2139/ssrn.2663415 fatcat:udqhdxgr4jfphojwbp42eznqd4