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Financial Institution Risk Management in Argentina: A Cloud Computing Perspective

The increasing adoption of cloud computing technology by Argentine financial institutions has raised concerns about the potential risks associated with its implementation. As a key player in the country’s economic landscape, it is essential for these institutions to develop effective risk management strategies to mitigate the impact of such risks.

Risks and Challenges of Cloud Computing

According to experts, dynamic technological infrastructures like cloud computing represent a new alternative for managing organizational functions, particularly for those that heavily rely on information such as financial institutions. However, this shift also introduces new risks that must be assessed and managed.

Hierarchical Sources of Risk

In order to identify and evaluate these risks, it is crucial to consider the hierarchical sources of risk associated with cloud computing implementation in Argentine financial institutions. This requires a structured approach that takes into account the specific regulations set forth by Banco Central de la República Argentina.

The Risk Breakdown Structure (RBS)

The RBS has proven to be a useful tool for simplifying and systematizing the analysis of risks. By applying this framework, financial institutions can develop a comprehensive understanding of the sources of risk associated with cloud computing implementation, allowing them to design effective management strategies to minimize their effects.

Designing an RBS for Argentine Financial Institutions

This article aims to design an RBS for identifying and hierarchically describing the sources of risk related to cloud computing implementation in Argentine financial institutions based on Banco Central de la República Argentina regulations. The authors believe that this approach will contribute to the development of more robust risk management practices in the country’s financial sector, ultimately enhancing its resilience and stability.

Implications and Conclusion

The findings of this study are expected to have significant implications for policy-makers, regulatory bodies, and financial institutions seeking to implement cloud computing solutions while mitigating associated risks. By highlighting the importance of risk management in this context, the article aims to contribute to a more informed discussion about the potential benefits and challenges of adopting cloud computing technology in Argentine financial institutions.

Key Takeaways

• Cloud computing implementation in Argentine financial institutions requires effective risk management strategies.
• The Risk Breakdown Structure (RBS) is a useful tool for identifying and evaluating risks associated with cloud computing implementation.
• A structured approach to risk management, taking into account Banco Central de la República Argentina regulations, can enhance the resilience and stability of the country’s financial sector.