Comprehensive Tactics for Managing Risk in the Banking Sector

Title

Comprehensive Tactics for Managing Risk in the Banking Sector

Author

1. Uday Odedra, Student, The University of the Philippines, Philippines
2. Dan Wally Santos, Student, The University of the Philippines, Philippines

Abstract

Risk mitigation in banking is crucial for financial stability and safeguarding stakeholders. Banks encounter credit, market, operational, liquidity, and regulatory risks. Effective management involves regular evaluations, diversification, robust controls, compliance monitoring, and maintaining capital buffers.

Keywords

Conclusion

Banks must integrate diverse risk management strategies to remain resilient and contribute to economic stability. A risk-conscious culture, comprehensive risk assessments, and adequate capital levels are fundamental for protecting interests and fostering economic growth.

 

Author Contrubution

The author confirms sole responsibility for the following: study conception and design, data collection, analysis and interpretation of results, and manuscript preparation.

Funding

The authors did not receive any specific grants from funding agencies in the public, commercial, or non-profit sectors for the research, authorship, and/or publication of this article.

Conflict of Interest

All authors declare that they have no conflicts of interest.

Data Sharing Statement

Not applicable

Software And Tools Use

Not applicable

Acknowledgements

I thank the following individuals for their expertise and assistance in all aspects of our study and for their help in writing the manuscript. I am also grateful for the insightful comments given by anonymous peer reviewers. Everyone's generosity and expertise have improved this study in myriad ways and saved me from many errors.