The financial scandals în the last two decades have determined the Basel Committee
to improve the risk controls for banks în general, and for operational risk
in particular. Operational risk covers all non-market or credit risk, therefore including
management risk, IT and fraud risk. By the Basel II Accord, the Committee proposes
three risk measurement methods, which induce increasing costs, but also greater reductions
în a bank’s capital reserve, and thus în its operating costs.