Impact of Operational Risk in Banking
UNIVERSITY OF SOUTH CENTRAL, LOS ANGELES
UNITED OF AMERICA
STUDENT NAME: BENJAMIN AGYAPONG-SARQUAH
STUDENT ID NUMBER: 7250653
PROGRAM OF STUDY: BACHELOR OF ART BUSINESS STUDIES
COURSE OF STUDY: RESEARCH
PURPOSE OF RESEARCH: PROJECT RESEARCH
AREA OF RESEARCH: THE IMPACT OF OPERATION OF RISK IN BANKING
ASSIGNMENT: SUBMISSION OF PROJECT WORK CHAPTER ONE
Email:hamsasons@yahoo.com
CHAPTER TWO
LITERATURE REVIEW
Introduction
This chapter reviews relevant literature on Standard Chartered Bank Ghana Limited, the Ghanaian Banking Industry, Regulation and Basel II, and Operation Risk Management (ORM).
Standard Chartered Bank Ghana Limited
Standard Chartered Bank Ghana Limited (SCBGL) is a 65% owned subsidiary of Standard Chartered Holdings (Africa) BV which, in turn is owned 100% by the Standard Chartered PLC of United Kingdom (UK). Standard Chartered Holdings (Africa) BV is incorporated in the Netherlands. SCBGL is a limited liability entity registered in Ghana on 18th September ,1970 pursuant to the Companies Code 1963 (179), under Certificate of Incorporation number 4576. Standard Chartered Bank Ghana Limited initially commenced its operations in the then Gold Coast in 1896, under the name of “Bank of British West Africa”. This was the first bank to be established in Ghana with a unique role in monetizing the economy whilst acting as the Central Bank of the then British colony. On Ghana’s attainment of independence in 1957, the bank’s name was change to “Bank of West Africa Limited”. In 1965, as a result of a merger with Standard Bank Limited (England), the name was further changed to “Standard Bank of West Africa Limited” and subsequently, “Standard Bank (Ghana) Limited” (SCBGL, 2005).
The Banking Industry of Ghana
Currently, the banking system in Ghana consists of the central bank called the Bank of Ghana (BOG), 28 licensed (universal) banks and 124 rural banks. The rural banks are supervised by the ARB Apex Bank under the direction of BOG.
UNITED OF AMERICA
STUDENT NAME: BENJAMIN AGYAPONG-SARQUAH
STUDENT ID NUMBER: 7250653
PROGRAM OF STUDY: BACHELOR OF ART BUSINESS STUDIES
COURSE OF STUDY: RESEARCH
PURPOSE OF RESEARCH: PROJECT RESEARCH
AREA OF RESEARCH: THE IMPACT OF OPERATION OF RISK IN BANKING
ASSIGNMENT: SUBMISSION OF PROJECT WORK CHAPTER ONE
Email:hamsasons@yahoo.com
CHAPTER TWO
LITERATURE REVIEW
Introduction
This chapter reviews relevant literature on Standard Chartered Bank Ghana Limited, the Ghanaian Banking Industry, Regulation and Basel II, and Operation Risk Management (ORM).
Standard Chartered Bank Ghana Limited
Standard Chartered Bank Ghana Limited (SCBGL) is a 65% owned subsidiary of Standard Chartered Holdings (Africa) BV which, in turn is owned 100% by the Standard Chartered PLC of United Kingdom (UK). Standard Chartered Holdings (Africa) BV is incorporated in the Netherlands. SCBGL is a limited liability entity registered in Ghana on 18th September ,1970 pursuant to the Companies Code 1963 (179), under Certificate of Incorporation number 4576. Standard Chartered Bank Ghana Limited initially commenced its operations in the then Gold Coast in 1896, under the name of “Bank of British West Africa”. This was the first bank to be established in Ghana with a unique role in monetizing the economy whilst acting as the Central Bank of the then British colony. On Ghana’s attainment of independence in 1957, the bank’s name was change to “Bank of West Africa Limited”. In 1965, as a result of a merger with Standard Bank Limited (England), the name was further changed to “Standard Bank of West Africa Limited” and subsequently, “Standard Bank (Ghana) Limited” (SCBGL, 2005).
The Banking Industry of Ghana
Currently, the banking system in Ghana consists of the central bank called the Bank of Ghana (BOG), 28 licensed (universal) banks and 124 rural banks. The rural banks are supervised by the ARB Apex Bank under the direction of BOG.