The Measurement of Operational Risk of China's Commercial Banks under the Background of Internet of Things Technology

DOI

10.2991/ssmi-19.2019.8How to use a DOI?

Keywords

Internet of Things; commercial bank; operational risk; extreme value theory.

Abstract

With the rapid development of Internet of Things technology, it brings new ideas to the operational risk management of commercial banks in China. This paper collects the loss data of various types of operational risks of China's commercial banks from 2010 to 2017, and empirically analyzes the operational risks by constructing a POT peaks over threshold model, and compares the operational risks of commercial banks based on Internet of Things technology and the operation of traditional commercial banks. The ES value of the risk indicates that the former can effectively reduce the operational risk. Therefore, commercial banks should vigorously promote the deployment and application of the Internet of Things technology. At the end of the article, the proposed operational risk management of commercial banks based on Internet of Things technology is proposed.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ruimin Song
AU  - Chao Wang
PY  - 2019/12
DA  - 2019/12
TI  - The Measurement of Operational Risk of China's Commercial Banks under the Background of Internet of Things Technology
BT  - Proceedings of the 2nd International Symposium on Social Science and Management Innovation (SSMI 2019)
PB  - Atlantis Press
SP  - 428
EP  - 437
SN  - 2352-5398
UR  - https://doi.org/10.2991/ssmi-19.2019.8
DO  - 10.2991/ssmi-19.2019.8
ID  - Song2019/12
ER  -