Detection of financial fraud risk: Implications for financial stability

S. M.Riad Shams, Abdus Sobhan, Demetris Vrontis, Zhanna Belyaeva, Darko Vukovic

    Research output: Contribution to journalArticlepeer-review


    Transparent and competitive financial management policy and practice are, gener- ally, instrumental for local, regional and global financial stability. However, different types of fraudulent financial activities have, from time to time, destabilized global financial stability; we are not well equipped to combat such threats, stabilize the global financial industry and prevent financial fraud in a sustainable way, as the extant literature in this field demonstrates that we have limited knowledge of finan- cial criminology. This introduction to the Journal of Operational Risk special issue shines a light on the relationship between financial fraud risks and financial stabil- ity. As well as highlighting the gaps in financial fraud research, we briefly discuss the papers in this special issue. We also offer an in-depth account of the emerging financial fraud risks, and their potential impact on financial stability, as a direction for future research.

    Original languageEnglish
    Pages (from-to)1-12
    Number of pages12
    JournalJournal of Operational Risk
    Issue number1
    Publication statusPublished - 2022


    • financial fraud
    • financial management
    • financial stability
    • Global financial stability


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