International Journal of Economics, Finance and Management Sciences
Volume 3, Issue 3, June 2015, Pages: 156-161
Received: Mar. 21, 2015;
Accepted: Apr. 3, 2015;
Published: Apr. 15, 2015
Views 5709 Downloads 380
Mohammed Bayyoud, Faculty of Business & Economics, Al-Quds University, Jerusalem, Palestine
Nermeen Ahmad Sayyad, Faculty of Business & Economics, Al-Quds University, Jerusalem, Palestine
The purpose of the study attempts to analyze the impact of internal control and risk management on banks in Palestine. The investigation helped in identifying the impacts of new banking reformations and rules on the risk assessment, identification, and mitigation in banks. It was also assessed that whether frauds and errors are reduced, different types of risk are controlled, duties are segregated and practices are aligned with international standards in banks due to reformed internal control procedures. A qualitative close-ended survey was carried out for collecting data from managers of 10 banks in Palestine. The responses of 22 statements were collected in five different categories. The findings showed that overall internal control and risk management systems in Palestine have positively affected the banks in terms of quantitative as well as qualitative performance.
Nermeen Ahmad Sayyad,
The Impact of Internal Control and Risk Management on Banks in Palestine, International Journal of Economics, Finance and Management Sciences.
Vol. 3, No. 3,
2015, pp. 156-161.
Abdelkarim, Naser and Maisa Burbar. How Banks in Palestine Manage Financial Risk? . Jordan : Al-Zaytoonah University, 2007.
Arif, Ahmed and Ahmed Nauman Anees. "Liquidity risk and performance of banking system." Journal of Financial Regulation and Compliance, 20(2) (2012): 182-195.
Bahu, Rana, Eric Melloul and William Walsh. Banking Law Reform in the Palestinian Territories. IPCRI, Law & Development Program, 1995.
Banking Regulation and Supervision Board. "Regulation on Banks’ Internal Control and Risk Management Systems." 2001.
Bryman, Alan and Emma Bell. Business Research Methods. New York: Oxford University Press, 2007.
Cobham, David and Nu'man Kanafani. The Economics of Palestine: Economic Policy and Institutional Reform for a Viable Palestine State. UK: Routledge, 2004.
D. P. Dube, Ved Prakash Gulati. Information System Audit and Assurance. New Dehli : Tata McGraw-Hill Education, 2005.
Greuning, Hennie van and Sonja Brajovic Bratanovic. Analyzing Banking Risk: A Framework for Assessing Corporate Governance and Risk Management. World Bank Publications, 2009.
Hayali, Ayşe, et al. IMPORTANCE OF INTERNAL CONTROL SYSTEM IN BANKING SECTOR : EVIDENCE FROM TURKEY. Thesis. Turkey: Marmara University, 2012.
IBP USA. Palestine (West Bank and Gaza) Country Study Guide: Strategic Information and Developments. IBP USA: Int'l Business Publications, 2014.
ibrabas. Palestinian Banks and Application of Basel 2 Related to the Internal Control. Israel: Booksie, 2015.
Kapoulas, Alexandros and Miljana Mitic. "Understanding challenges of qualitative research: rhetorical issues and reality traps." Qualitative Market Research: An International Journal, 15(4) (2012): 354-368.
Karyn L. Neuhauser. "Survey research in finance." International Journal of Managerial Finance, 3(1) (2007): 5-10.
PMA. PMA Issues New Instructions to Banks on Stress Testing. 10 November 2014. 13 March 2015 .
PPA. Banking and Financial Sector. 2015. 13 March 2015 .
Quigley, John B. The Case for Palestine: An International Law Perspective. UK: Duke University Press, 2015.
Sensarma, Rudra and M. Jayadev. "Are bank stocks sensitive to risk management?" The Journal of Risk Finance, 10(1) (2009): 7-22.
Silverburg, Sanford R. Palestine and International Law: Essays on Politics and Economics. UK: McFarland, 2002.
Socol, A. "Internal Banking Control and Audit: A Comparative Approach in the Romanian Banking Sector." Annales Universitatis Apulensis Series Oeconomica, 13(2) (2011): 396-403.
Valdivieso, Rosa. The West Bank and Gaza: Economic Performance, Prospects, and Policies: Achieving Prosperity and Confronting Demographic Challenges. Washington: International Monetary Fund, 2001.