Measuring And Managing Operational Risks In Financial Institutions

Author : Christopher Lee Marshall
Publisher : Wiley
ISBN 13 : 9780471845959
Total Pages : 0 pages
Book Rating : 4.57/5 ( download)

DOWNLOAD NOW!

Download or read book Measuring and Managing Operational Risks in Financial Institutions written by Christopher Lee Marshall and published by Wiley. This book was released on 2001-01-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and innovative look at how to protect financial institutions from operational risks Operational risk is the risk associated with human error, systems failures, and inadequate controls and procedures in information systems or internal controls that will result in an unexpected loss. According to a recent survey, about seventy percent of banks consider operational risk as important as market or credit risks. Nearly a quarter of the same banks admit to operation-related losses of more than $1.6 million-many cases are so embarrassing that banks will not actually admit any error on their part. Firms are just beginning to develop their own operational risk management systems and they need guidance on how to do it. This book will help them identify, measure, and manage their operational risks. Christopher Marshall (Singapore) is Associate Director of the Center for Financial Engineering at the National University of Singapore. He has written numerous articles in Risk magazine and Harvard Business School cases.

Author : Douglas Robertson
Publisher : Springer
ISBN 13 : 1137442174
Total Pages : 190 pages
Book Rating : 4.78/5 ( download)

DOWNLOAD NOW!

Download or read book Managing Operational Risk written by Douglas Robertson and published by Springer. This book was released on 2016-02-23 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operational risk is the risk of loss from inadequate or failed internal processes, people, and systems or from external events. This book explores the different types of operational risk that threaten financial institutions, and focuses on practical due-diligence methodologies that can be used to identify these risks before it is too late.

Author : Paola Leone
Publisher : Springer
ISBN 13 : 3319694103
Total Pages : 211 pages
Book Rating : 4.08/5 ( download)

DOWNLOAD NOW!

Download or read book Measuring and Managing Operational Risk written by Paola Leone and published by Springer. This book was released on 2017-12-26 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers Operational Risk Management (ORM), in the current context, and its new role in the risk management field. The concept of operational risk is subject to a wide discussion also in the field of ORM’s literature, which has increased throughout the years. By analyzing different methodologies that try to integrate qualitative and quantitative data or different measurement approaches, the authors explore the methodological framework, the assumptions, statistical tool, and the main results of an operational risk model projected by intermediaries. A guide for academics and students, the book also discusses the avenue of mitigation acts, suggested by the main results of the methodologies applied. The book will appeal to students, academics, and financial supervisory and regulatory authorities.

Author : Ariane Chapelle
Publisher : John Wiley & Sons
ISBN 13 : 1119549043
Total Pages : 272 pages
Book Rating : 4.48/5 ( download)

DOWNLOAD NOW!

Download or read book Operational Risk Management written by Ariane Chapelle and published by John Wiley & Sons. This book was released on 2019-02-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: OpRisk Awards 2020 Book of the Year Winner! The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field. The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers. Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.

Author : Patrick Naim
Publisher : John Wiley & Sons
ISBN 13 : 1119508509
Total Pages : 327 pages
Book Rating : 4.02/5 ( download)

DOWNLOAD NOW!

Download or read book Operational Risk Modeling in Financial Services written by Patrick Naim and published by John Wiley & Sons. This book was released on 2019-05-28 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transform your approach to oprisk modelling with a proven, non-statistical methodology Operational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade’s use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks. The Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent approach designed to bridge the gap between risk quantification and risk management. This book details the XOI framework and provides essential guidance for practitioners looking to change the oprisk modelling paradigm. Survey the range of current practices in operational risk analysis and modelling Track recent regulatory trends including capital modelling, stress testing and more Understand the XOI oprisk modelling method, and transition away from statistical approaches Apply XOI to major operational risks, such as disasters, fraud, conduct, legal and cyber risk The financial services industry is in dire need of a new standard — a proven, transformational approach to operational risk that eliminates or mitigates the common issues with traditional approaches. Operational Risk Modeling in Financial Services provides practical, real-world guidance toward a more reliable methodology, shifting the conversation toward the future with a new kind of oprisk modelling.

Author : Marcelo G. Cruz
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.39/5 ( download)

DOWNLOAD NOW!

Download or read book Modeling, Measuring and Hedging Operational Risk written by Marcelo G. Cruz and published by John Wiley & Sons. This book was released on 2002-03-12 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Worldwide banks are keen to find ways of effectively measuring and managing operational risk , yet many find themselves poorly equipped to do this. Operational risk includes concerns about such issues as transaction processing errors, liability situations, and back-office failure. Measuring and Modelling Operational Risk focuses on the measuring and modelling techniques banks and investment companies need to quantify operational risk and provides practical, sensible solutions for doing so. * Author is one of the leading experts in the field of operational risk. * Interest in the field is growing rapidly and this is the only book that focuses on the quantitative measuring and modelling of operational risk. * Includes case vignettes and real-world examples based on the author's extensive experience.

Author : Erich R. Utz
Publisher : Herbert Utz Verlag
ISBN 13 : 3831607966
Total Pages : 293 pages
Book Rating : 4.69/5 ( download)

DOWNLOAD NOW!

Download or read book Modelling and Measurement Methods of Operational Risk in Banking written by Erich R. Utz and published by Herbert Utz Verlag. This book was released on 2008 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher : Bharat Book Bureau
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.72/5 ( download)

DOWNLOAD NOW!

Download or read book Advances in Operational Risk written by and published by Bharat Book Bureau. This book was released on 2003 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building upon the seminal work established in the first best-selling edition, this fully revised multi-contributor title brings you right up-to-date on all the latest issues and developments in the area of operational risk management and the regulatory environment.

Author : Jack L. King
Publisher : Wiley
ISBN 13 : 9780471852094
Total Pages : 0 pages
Book Rating : 4.90/5 ( download)

DOWNLOAD NOW!

Download or read book Operational Risk written by Jack L. King and published by Wiley. This book was released on 2001-04-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operational risk is emerging as the third leg of an institutional risk strategy for financial institutions. Now recognized as a potential source of financial waste, operational risk has become the subject of surveys, analysis, and the search for a comprehenvise set of definitions and a shared framework. Written by a leading expert on operational risk measurement, this important work puts forth a cradle-to-grave hands-on approach that concentrates on measurement of risk in order to provide the needed feedback for managing and mitigating it. Using both theoretical and practical material, he lays out a foundation theory that can be applied and refined for application in the financial sector and beyond which includes a new technique called Delta-EVT(trademark). This technique is a combination of two existing methods which provides for the complete measurement of operational risk loss. The book contains comprehensive step-by-step descriptions based on real-world examples, formulas and procedures for calculating many common risk measures and building causal models using Bayesian networks, and background for understanding the history and motivation for addressing operational risk.

Author : Hong Kong Institute of Bankers (HKIB)
Publisher : John Wiley & Sons
ISBN 13 : 0470827688
Total Pages : 200 pages
Book Rating : 4.80/5 ( download)

DOWNLOAD NOW!

Download or read book Operational Risk Management written by Hong Kong Institute of Bankers (HKIB) and published by John Wiley & Sons. This book was released on 2013-05-13 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to identifying, analyzing and tackling operational risk in banks and financial institutions Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training. Schools you in techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework