Operational risk is present in every enterprise- The many types of operational risk; Why management risk, legal risk, and information technology risk are the most important operational risks; Other key operational risks to which senior management and the back office should pay attention; Identification, monitoring, and measurement of operational risk; A case study with operational risk in the insurance industry; Addressing the top-most operational risk- A case study with operational risk in management; Why deficient cost control is the best result of management risk; Legal aspects of operational risk; A case study on operational risks in information technology; Establishing the basis of the scorecard approach- Analytical solutions to operational risk control; Needed experimentation in understanding and gauging operational risk; The scorecard approach suggested by the Basle committee; High frequency low risk and low frequency high risk events; Financial Reserves are not the only means of for facing operational risks- Capital reserves for operational risks; Using insurance as an alternative to operational risk capital requirements.
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This book: *provides a sound methodology for operational risk control *focuses on management risk and ways to avoid it *explains why and how information technology is a major operational risk *shows how to integrate cost control in the operational risk perspective *details analytical approaches to operational risk control, to help with scorecard developments *explains the distinction between High Frequency Low Risk and Low Frequency High Risk events *provides many case studeies from banking and insurance to demonstrate the attention operational risks deserve *Assists risk professionals in preparing their institution to comply with the New Capital Adequacy Framework issued by the Basel Committee on Banking Supervision, which becomes mandatory from January 1, 2006 *Readers benefit from a significantly broader viewpoint on types of operational risks, operational risks controls, and results to be expected from operational risk management - compared to what the reader may gain from books previously published on this same topic.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Elsevier Science & Technology
96292:96292
Operational risk control with Basel II.
0750659092
Basle Committee on Banking Supervision.
Basle Committee on Banking Supervision.
Basle Committee on Banking Supervision.
Basler Eigenkapitalvereinbarung, 2001
Bank capital.
Banks and banking-- Data processing.
Insurance companies-- Data processing.
Risk management.
Bank capital.
Bank capital.
Bank.
Banks and banking-- Data processing.
Banks and banking-- Data processing.
BUSINESS & ECONOMICS-- Insurance-- Risk Assessment & Management.