Oprational Risk Management in Vietinbannk

Abstract

Operational risks is not a new concept for commercial banks. These losses occured daily by Operational risk and has been reflected in the financial statements of commercial banks. Researchers in some developed countries have calculated the effects from the loss of operational risk account for 10% of the profit. Additionally, losses due to operational risk have a huge influence on the reputation and development of the bank. This paper presents the operational risk management in Vietinbank including organizing model; establish risk appetite and the operational risk management process, then propose the recommendations to enhence operational risk management in Vietinbank.