Assembly of a conduct risk regulatory model for developing market banks

Source
South African Journal of Economic and Management Sciences

BACKGROUND: The substantial penalties imposed on banks in the recent past for various conduct irregularities have given rise to a new type of risk called conduct risk. Conduct risk comes about when financial services companies conduct themselves in an inappropriate way towards their customers, resulting in a negative (economic) outcome for the customer. What makes the management and mitigation of conduct risk by banks so different is that it cannot be easily integrated into a bank's standard risk management framework. So far, the concept of conduct risk has not been formally covered by the Basel Accords.

Length of Resource
11
Author
Antje Hargarter, Gary van Vuuren
Date Published
Publication Type
Paper
Resource Type
Academic

ResourceID: 177821

< Return to Library