IMPROVING FINANCIAL RISK MANAGEMENT IN THE BANKING SECTOR

Abstract

Under the financial risk of the enterprise is the probability of adverse financial consequences in the form of loss of income and capital under uncertainty conditions for the exercise of its financial activities.Financial risks the company of a great variety and to implement effective management classified into the following main features:By species. This classification feature of financial risks is the main parameter of differentiation in the governance process. Characteristics of the particular type of risk at the same time gives an idea of its generating factor that allows you to "anchor" the assessment of the likelihood and size of potential financial losses for this type of risk to the dynamics of the relevant factors.