The role of banks in the modern market economy is quite high. High pace of innovation in financial markets and the internationalization of financial flows changed the face of banking beyond recognition. Technological progress and deregulation has led to the emergence of new opportunities for...

This paper investigates the factors influencing banks' decision to engage in advanced risk management, from both a theoretical and an empirical perspective. In recent decades, credit risk management in banks has become highly sophisticated and banks have become more active and advanced in the...