Risk management and operational effectiveness of banks control

Banks face serious economical deficit without depending on time and environment on nowdays. Globolazition, increased competition, interacting and growing market, complexed and increased products and services enlarged effects of operational risk losses. Fluctation based on operational risk and losses resulted from this fluctation increased importance of managament and inspection of operational risk. Inspection based on risk replaced inspection based on rules rapidly. Managament and inspection of operational risk appears as new approach in banking business. Most critical step of managament of operational risk, which is defined as damage risk resulted from unsufficient and faultty processes, systems and persons, is descripton and measurement of this risk type in appropriate way. It is diffucult to predict potential of deficit related to operational risk and determination of possibility of formation of deficit so all of this risk type can not be presented as numerical way and not measured exactly. Bassel II arrangaments of Bassel committee published on June 2004 proposed banks of G-10 countries to measure their operational risk, which is evaluated as risks out of the risk of organization, work-flow, technology, human power, credit and market, and then budget related capital so banks proposed models measuring operational risks. Bassel Banking committee's arrangaments deal with managament of operational risk showed their effects in europian countries and Turkey. Role of inspection is important for operational risk managament to get more benefit from developments and adaptation to arrangaments. Fast adaptation period for studies of BDDK and law of banking with number of 5441 is also important in Turkey. Increasing amount of operational risk managament and inspection studies and increasing quality of current operational risk managament and inspection studies provides fast adaptation.This research examine studies of Turkish banks deal with operational risk managament and inspection, deficiencies in their studies, measurement of operational risks, recording deficients coming from risks into deficient database, and faced operational risks. Survey techniques depending on perception of Banking stuff was used for determination of levels of studies of Turkish banks deal with operational risk managament and inspection Keywords : Risk, Operational Risk