The globalization of financial markets and negative consequences of the financial crisis resulted in negative connotations in
the operation of many financial institutions, businesses and citizens
and imposed the need to implement appropriate risk management
measures in the banking sector. Evolution of the financial sector
makes a lot of news in the field of risk management and particularly the modelling of market, credit and operational risk. The main
methodology for risk management is the value-at–risk, which is used
in practice with other techniques such as the capital- at-risk method
in order to minimize business risks and achieve optimal results in
the banking and, generally, financial operations. Accordingly, at all
levels of governance in the banking sector, there are prudential policies in place governing the management of all types of financial and
operational risks. Based on the abovementioned, the focus of the
examination was on the above postulate, and prompt recognition,
control and proper management of banking risks.