Operational Risk Modelling and Management

Taking into account the standards of the Basel Accord, Operational Risk Modelling and Management presents a simulation model for generating the loss distribution of operational risk. It also examines a multitude of management issues that must be considered when adjusting the quantitative results of a comprehensive model. The book emphasizes techniques that can be understood and applied by practitioners. In the quantitative portions of the text, the author supplies key concepts and definitions without stating theorems or delving into mathematical proofs. He also offers references for readers looking for further background information. In addition, the book includes a Monte Carlo simulation of risk capital in the form of a run-through example of risk calculations based on data from a quantitative impact study. Since the computations are too complicated for a scripting language, a prototypical software program can be downloaded from www.garrulus.com Helping you navigate the tricky world of risk calculation and management, this book presents two main building blocks for determining how much capital needs to be reserved for operational risk. It employs the loss distribution approach as a model for calculating the risk capital figure and explains risk mitigation through management and management’s actuations.

Produk Detail:

  • Author : Claudio Franzetti
  • Publisher : CRC Press
  • Pages : 413 pages
  • ISBN : 9781439844779
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKOperational Risk Modelling and Management

Operational Risk Modelling and Management

Operational Risk Modelling and Management
  • Author : Claudio Franzetti
  • Publisher : CRC Press
  • Release : 19 April 2016
GET THIS BOOKOperational Risk Modelling and Management

Taking into account the standards of the Basel Accord, Operational Risk Modelling and Management presents a simulation model for generating the loss distribution of operational risk. It also examines a multitude of management issues that must be considered when adjusting the quantitative results of a comprehensive model. The book emphasizes techniques that can be understood and applied by practitioners. In the quantitative portions of the text, the author supplies key concepts and definitions without stating theorems or delving into mathematical

Operational Risk Management

Operational Risk Management
  • Author : Ariane Chapelle
  • Publisher : John Wiley & Sons
  • Release : 04 February 2019
GET THIS BOOKOperational Risk Management

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

Operational Risk Management

Operational Risk Management
  • Author : Philippa X. Girling
  • Publisher : John Wiley & Sons
  • Release : 14 October 2013
GET THIS BOOKOperational Risk Management

A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. Operational Risk Management fills this need by providing both the new and experienced operational risk

Measuring and Managing Operational Risk

Measuring and Managing Operational Risk
  • Author : Paola Leone,Pasqualina Porretta,Mario Vellella
  • Publisher : Springer
  • Release : 26 December 2017
GET THIS BOOKMeasuring and Managing Operational Risk

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

Operational Risk and Resilience

Operational Risk and Resilience
  • Author : Chris Frost,David Allen,James Porter,Philip Bloodworth
  • Publisher : Elsevier
  • Release : 14 November 2000
GET THIS BOOKOperational Risk and Resilience

Well publicised failures in risk management have appeared with shocking frequency over the past few years. Affected firms can suffer significant commercial damage or even bankruptcy as a result. Only now is there a growing realisation that risk management is a key management responsibility. This book will help turn your firm into a 'risk aware' organization which will be able to avoid catastrophic loss. It will also enable senior management to make better strategic and operational decisions, thanks to an

Managing Operational Risk

Managing Operational Risk
  • Author : Douglas Robertson
  • Publisher : Springer
  • Release : 23 February 2016
GET THIS BOOKManaging Operational Risk

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.

No Excuses

No Excuses
  • Author : Dennis I. Dickstein,Robert H. Flast
  • Publisher : John Wiley & Sons
  • Release : 23 December 2008
GET THIS BOOKNo Excuses

Why should a company have an operational risk management function and how should it be organized? No Excuses proposes that operational risk should be examined through the business processes, that is, the flows of business. It provides practical, how-to, step-by-step lessons and checklists to help identify and mitigate operational risks in an organization. As well, it shows how operational risk can be directly linked to the process flows of a business for all industries. CEOs, CFOs, COOs, CROs, CIOs, and

A Short Guide to Operational Risk

A Short Guide to Operational Risk
  • Author : David Tattam
  • Publisher : Routledge
  • Release : 15 May 2017
GET THIS BOOKA Short Guide to Operational Risk

There is a growing awareness across both public and private sectors, that the key to embedding an effective risk culture lies in raising the general education and understanding of risk at every level in the organization. This is exactly the purpose of David Tattam's book. A Short Guide to Operational Risk provides you with a basic yet comprehensive overview of the nature of operational risk in organizations. It introduces operational risk as a component of enterprise wide risk management and

Measuring and Managing Operational Risks in Financial Institutions

Measuring and Managing Operational Risks in Financial Institutions
  • Author : Christopher Lee Marshall
  • Publisher : Wiley
  • Release : 12 January 2001
GET THIS BOOKMeasuring and Managing Operational Risks in Financial Institutions

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

Managing Operational Risk in Financial Markets

Managing Operational Risk in Financial Markets
  • Author : Amanat Hussain
  • Publisher : Elsevier
  • Release : 01 May 2000
GET THIS BOOKManaging Operational Risk in Financial Markets

Risk Management is one of the biggest issues facing the financial markets today. 'Managing Operational Risk in Financial Markets' outlines the major issues for risk management and focuses on operational risk as a key activity in managing risk on an enterprise-wide basis. While risk management had always been an integral part of financial activity, the 1990s has seen the requirement for risk management establish itself as a key function within banks and other financial institutions. With greater emphasis on ensuring

Ten Laws of Operational Risk

Ten Laws of Operational Risk
  • Author : Michael Grimwade
  • Publisher : John Wiley & Sons
  • Release : 04 January 2022
GET THIS BOOKTen Laws of Operational Risk

TEN LAWS OF OPERATIONAL RISK Unlike credit and market risk, operational risk currently lacks an overarching theory to explain how and why losses occur. As a result, operational risk managers have been forced to use unsatisfactory tools and processes that fail to add sufficient commercial value. In Ten Laws of Operational Risk: Understanding its Behaviours to Improve its Management, Michael Grimwade delivers an insightful discussion of the nature of operational risk and a groundbreaking redesign of the profession's existing tools.

People Risk Management

People Risk Management
  • Author : Keith Blacker,Patrick McConnell
  • Publisher : Kogan Page Publishers
  • Release : 03 April 2015
GET THIS BOOKPeople Risk Management

People Risk Management provides unique depth to a topic that has garnered intense interest in recent years. Based on the latest thinking in corporate governance, behavioural economics, human resources and operational risk, people risk can be defined as the risk that people do not follow the organization's procedures, practices and/or rules, thus deviating from expected behaviour in a way that could damage the business's performance and reputation. From fraud to bad business decisions, illegal activity to lax corporate governance,