Operational Risk Management in Corporate and Banking Sector of Pakistan

Information and Knowledge Management, Vol.4, No.5, 2014

10 Pages Posted: 22 Sep 2015 Last revised: 25 May 2016

See all articles by Sitwat Habib

Sitwat Habib

Federal Urdu University of Arts, Science & Technology - Department of Commerce

Haris Masood

Institute of Business & Technology (BIZTEK)

Taimoor Hassan

Mirpur University of Science and Technology

Muhammad Mubeen

IQRA University

Umair Baig

Benazir Bhutto Shaheed University, Lyari, Karachi

Date Written: 2014

Abstract

This paper is to examine the current status of operational risk management in Pakistan concerning corporate and banking sector and explore the reasons for the adoption or lack of adoption of integrated approach to operational risk management. It identifies the imperatives for implementation of comprehensive risk management solutions leading to enterprise risk management (ERM). The mode of research is qualitative. The paper shows that effective risk management can enhance organizational performance but appropriate infrastructure is not available in companies. This paper highlights the fact that knowledge of risk management in corporate sectors of Pakistan is insufficient and sample companies hesitate to respond thinking that it may reflect inefficiencies and in banking sectors the concept of operational risk management can be seen up to some extent.

Keywords: Operational risk management, corporate and banking, integrated approach, Enterprise risk management, organizational performance

JEL Classification: H12, H60, H63, H83

Suggested Citation

Habib, Sitwat and Masood, Haris and Hassan, Taimoor and Mubeen, Muhammad and Baig, Umair, Operational Risk Management in Corporate and Banking Sector of Pakistan (2014). Information and Knowledge Management, Vol.4, No.5, 2014, Available at SSRN: https://ssrn.com/abstract=2663415 or http://dx.doi.org/10.2139/ssrn.2663415

Sitwat Habib

Federal Urdu University of Arts, Science & Technology - Department of Commerce ( email )

Abdul Haq Campus
Karachi
Pakistan

Haris Masood

Institute of Business & Technology (BIZTEK) ( email )

Korangi Rd
Karachi, Sindh 75190
Pakistan

Taimoor Hassan

Mirpur University of Science and Technology ( email )

Mirpur University of Science and Technology,
Azad Kashmir Road
Mirpur, Azad Kashmir
Pakistan

Muhammad Mubeen (Contact Author)

IQRA University ( email )

Defence View
Shaheed-e-Millat Road (Ext.)
Karachi, Sindh 75500
Pakistan

Umair Baig

Benazir Bhutto Shaheed University, Lyari, Karachi ( email )

Faqir Mohammad Dura Khan Road,
Near cheel chowk
Karachi, Sindh 75500
Pakistan

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