Operational Risks in Financial Institutes

In this article Operational Risks of banks are being discussed as one of financial institutes. These days, operational risks are important because of technological progressesof banks, especially in electronic banking. Here we discuss, firstly, the concept, defenition, characteristics and importance of operational risks on financial institutes.Secondly, the operational risk's classification and different measurement procedures offinancial institutes are discussed. These procedures were used in Sanat-o-Madan Bankof Iran as a sample study.