THEORETICAL FOUNDATIONS OF RISK MANAGEMENT IN INTERNATIONAL BANKING OPERATIONS
Abstract
This article examines the theoretical foundations of risk management in international banking operations from a scientific and analytical perspective. The main types of risks arising in international banking activities, the causes of their occurrence, and their classification are analyzed. In addition, contemporary approaches to risk management are explored within the framework of international standards and models, including Enterprise Risk Management (ERM) and Basel standards. Based on international experience, the importance of effective risk management is substantiated, and theoretical implications are developed for the banking systems of developing countries, particularly Uzbekistan.
References
1. Mishkin, F. S. (2019). The Economics of Money, Banking and Financial Markets. New York: Pearson.
2. Saunders, A., & Cornett, M. (2020). Financial Institutions Management. New York: McGraw-Hill.
3. Bank for International Settlements. (2022). Global Liquidity and Banking Supervision. Basel.
4. COSO. (2017). Enterprise Risk Management: Integrating with Strategy and Performance. New York.
5. Financial Action Task Force. (2021). International Standards on Combating Money Laundering. Paris.
6. Lavrushin, O. I. (2020). Banking. Moscow: KNORUS.
7. Zhukov, E. F. (2019). Bank Risks and Their Management. Moscow: UNITY.
Central Bank of the Republic of Uzbekistan. (2022). Regulations on Bank Risk Management. Tashkent.
8. Abdullaev, A. H. (2021). International Banking Activities and Risks. Tashkent: Iqtisod-Moliya.
