Reference no: EM132668553

Operational Risk Management has gained attentions to itself in the recent years. Although a liquidity crisis, but Global Financial Crisis has had impacts on all areas of risk namely operational risk at financial institutions. Lessons learned by banks from the crisis forced radical changes in operational risk management structure which in turn led to manychallenges. Focusing on literature and by conducting a case study on operational risk management on one of Sweden's largest retail banks, this thesis aims on answering how operational risk management has improved by implicating risk governance and internal control frameworks. This will be achieved by getting a better understanding of critical risksthreatening this bank.

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How operational risk management has improved by implicating risk governance and internal control frameworks.