Identifying and evaluating significant risks

                       Prep.Univ.Drd. Gavrilă – Paven Ionela
                     Universitatea „1 Decembrie 1918” Alba Iulia
                               Ionelapaven@yahoo.com


Abstract:
Risks are defined as losses associated with certain adverse developments of the results.
Risk management is nothing than the assembly of tools, techniques and organizational
devices necessary for banks to succeed. Even if you target a time horizon of the future
operation of banks, banking risks may be managed in this the novel demarches consisting
of managing risk. The importance of risk management as an activity lies in the ability to
forecast to some extent by events unfolded risk and make timely decisions necessary to
reduce the risk of possible adverse consequences.

Key words: risk, risk management

JEL Code: G32