The chapter provides concluding remarks related to the study of dynamic risk management in the banking sector developed in the underlying research. Upon developing conclusion from the research objective, the underlying chapter has also referred to the managerial implications and limitation of the study. Moreover, the chapter also shed light on the future research avenues.
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Underlying research has been of immense importance from the various perspectives. The conclusion that has been derived from the above study had been discussed below.
Achievement Of Objectives
The study is aimed at exploring various aspects in the risk management in the banking framework. The questionnaire based responses have highlighted important aspects in the entire mechanism. For risk and risk management, bankers asserted the extended concern in the domains of liquidity and operational risk. In line with objective that aimed at exploring factors that has major influence on the risk management in the banking sector the study has found bankers view related to extended role of operational conduct in managing the risk in banking dynamically. This increased concern in assessment is assumed to be the aftermath of economic downturn of 2007-08 that claimed central responsibility on the banking operations.
Attempt to explore the role of management and regulatory framework in the dynamic risk management in the banking industry, the study has identified the role of internal banking implementation framework is more influential than the role of the external committees. External committees like Basel Committee play central role in guiding the risk management in banking business. In similar fashion, the role of government in due course has been considered as less influential by the banker for the dynamic risk management in the banking industry.
In managing the risk, stakeholders have revealed that the role of technology for making certain that the set limits and controls for the risk management purpose are accurately followed is very important. Ease of IT based results reports related to risk exposures for the audit in specific has been assigned significant important by the bankers.
The importance of dynamic risk management has been crystal clear to the bankers as results revealed from the mixed results for risk management tool and 100 percent results for referred tools employment. Moreover, the participant bankers referred to increased responsibility on controlling authorities for ensuring due diligence following of set rules and guidelines set by the internal banking set as well as regulatory authorities.
The results have been in clear alignment to the core objective of dynamic risk management in the banking industry. Exploring how the dynamic risk management in banking industry has been found to rest centrally in the implementation of the set principle in due course. It is similar to the notion that the best strategy face failure in case of non-effective implementation while the secondary rated strategy can drive businesses to success if effectively and efficiently implemented.
All academic research studies are conducted to develop some insight that offers benefits on the practical grounds. Following the similar trend, the aim of the underlying study in addition to the objective determined is to provide valuable insight on grounds for the risk management in banking industry. The results of the underlying research also have following managerial implications:
The research is developed in the defined scope out of the entire system; hence, despite of making comprehensive attempt towards the topic, factors on ground pose certain limitation to it. In similar fashion the underlying research is also posed by the certain limitations. These limitations have been discussed below:
The research of the dynamics risk management in the banking sector attempted to develop the bankers review on the risk management in the banking sector. Risk management in banking has always been an important avenue of debate and exploration by the bankers and financial academics. The underlying study based on the conclusion from the data assessed as well as limitation of the underlying research has opened up many avenues for future research. Following are the avenues of future research that have been further emphasized by the underlying study:
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The chapter has highlighted the concluding points drawn from the study and its respective alignment with the objective set for the study. The wrapping up of the study entitled the dynamic risk management in the banking industry has been provided by the limitations assessment as well as the future areas of study in order to further explore the domain.
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