Syria has witnessed serious attempts for controlling exchange
rates and choosing suitable exchange system and going with
economical developments and changes before beginning of the
crisis on 2011.
But since 2011, Syria has witnesses accelerated d
evelopment in
irregular exchange market as result of increased demand on foreign
currencies and lowness of supply. This will be as result of group of
various factors.
As result of great effect which has been done by exchange black
market of currencies on various living and economical aspects of
the citizen, it is a must to explain the reasons which lead to the
increase of it during the crisis period and shading the light on taken
legal legislations for controlling them and clarifying the taken
procedures and decisions by credit and monetary board for
controlling them.
This research aims to introduce the essence and types of the operational risks and
good practices to manage and control these risks in the Commercial Bank of Syria in
accordance with the Monetary and Credit Council resolutions. Since the correct ap
proach
to the management of operational risks chosen by any bank depends on a variety of factors
including the size enters the bank and its evolution and the nature of its activity and the
level of complexity.
The importance of research by highlighting the most important methods and
indicators used to measure and calculate the operational risk capital requirement to meet
those risks, and see how Commercial Bank of Syria's commitment to implement decisions
of the Monetary and Credit Council for the management of operational risks.
The most important of our findings provide an appropriate environment for the
bank's operational risk management ,but there are weaknesses in the bank's ability to
control and mitigate the operational risk.
