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摘要
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The financial service industry nowadays, especially banks and non-bank financial intermediaries, are facing intense scrutiny. Due to this, the banking sector places a significant emphasis on risk management and legal compliance, focusing on intricate international regulations. This involves a structured process of identifying, assessing, controlling, and monitoring risks to minimize potential losses and optimize the opportunities available. In face of increasingly stringent international regulations and growing stakeholder expectations, banks must safeguard their integrity, reputation, and financial stability. These complexities have compelled banks to establish robust risk management frameworks and ensure adherence to legal and regulatory standards. BNP Paribas is a leading French bank with a significant international presence and will be the subject to this research. This research objective is to evaluate the impact of international banking regulations on risk management and compliance. A qualitative approach is done by combining in-depth interviews with business managers as well as risk and compliance officers within a Business and Finance Center along with participant observations and internal documents. Through this research, it demonstrates the effective risk management through activity diversification and the use of high-performance tools. Another factor is compliance, which plays a vital role in operational compliance within the Business and Finance Center which is shown by recruiting a compliance team with a commercial background, improving communication between business and compliance managers, and developing dedicated compliance tools. In conclusion, this thesis emphasized the significance of risk management and legal compliance in the banking sector, shedding light on the specific practices and challenges faced by BNP Paribas’s Business and Finance Center. The results demonstrates that operational risk can be attributed to management errors due to inadequate implementation of control systems. It also confirms that diversification of banking activities serves as an advantage during crises. It also shows that the impact of compliance on professional activities varies according to the type of business that is done as some may be more impacted compared to the others. Lastly, the use of risk management tools and awareness-raising training shows a positive impact due to the usefulness of these approaches particularly towards new employees. In conclusion, the outcomes of this study offer valuable insights for risk management and compliance professionals, as well as other stakeholders in the banking sector seeking to strengthen their practices in these critical areas. |
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