RISK MAPPING AS A FORM OF BANKING IMMUNITY RESPONSE TO COVID-19 PANDEMIC

Climate change and technological innovation expose banks to “new risks.” The COVID-19 pandemic has accelerated and amplified these effects. This paper investigates how the traditional tool of the risk map can incorporate these “new risks” for banks. We develop the configuration of the risk map under...

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Bibliographic Details
Published inJournal of financial management markets and institutions Vol. 11; no. 2
Main Authors SYLOS LABINI, STEFANIA, NYENNO, IRYNA
Format Journal Article
LanguageEnglish
Published World Scientific Publishing Company 01.12.2023
World Scientific Publishing
Subjects
banking industry
COVID-19 response
Risk management
risk map
COVID-19 response
banking industry
Risk management
risk map
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Summary:Climate change and technological innovation expose banks to “new risks.” The COVID-19 pandemic has accelerated and amplified these effects. This paper investigates how the traditional tool of the risk map can incorporate these “new risks” for banks. We develop the configuration of the risk map under the influence of the COVID-19 pandemic in the context of economy digitalization for an anonymous Bank X. We show that the risk map is still a useful tool for identifying risks in banks, appreciable for its simplicity and adaptability especially in evolving contexts. The main contribution is the construction of a methodological framework that is useful for operators and provides banking industry decision makers with a supporting tool to adequately respond to the changing environment.
ISSN:2282-717X
2282-717X
DOI:10.1142/S2282717X2350010X