Potential Risks for the Banking Sector and How to Avoid Them

Abstract

The aim of this article is to access the identify the Potential risks for the banking sector and how to avoid them, to enhance the risk management and profitability of the firm. The analysis of the historical banking crises and how the crisis could have been prevented or mitigated with better risk management strategies. This research paper also surveyed the different techniques adjusted by banking industry for risk management. The article and case studies data have been collected from the secondary sources i.e., from Books, various publications available online, and journals. recognized different risks faced by the banks, developed the process of risk management and identified different risk management techniques. This article has also shed the light on the Technological Solutions for Risk Management.