Mastering Operational Risk: A practical guide to understanding operational risk and how to manage it

Mastering Operational Risk: A practical guide to understanding operational risk and how to manage it

by Tony Blunden, John Thirlwell
     
 

ISBN-10: 027372732X

ISBN-13: 9780273727323

Pub. Date: 10/01/2010

Publisher: FT Press

Operational risk is a constant concern for all businesses. It goes far beyond operations and process to encompass all aspects of business risk, including strategic and reputational risks. Within financial services, it became codified by the Basel Committee on Banking Supervision in the 1990s. It is something that needs to be taken seriously by all those involved in

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Overview

Operational risk is a constant concern for all businesses. It goes far beyond operations and process to encompass all aspects of business risk, including strategic and reputational risks. Within financial services, it became codified by the Basel Committee on Banking Supervision in the 1990s. It is something that needs to be taken seriously by all those involved in running, managing and leading companies.

Mastering Operational Risk is a comprehensive guide which takes you from the basic elements of operational risk, through to its advanced applications. Focusing on practical aspects, the book gives you everything you need to help you understand what operational risk is, how it affects you and your business and provides a framework for managing it.

Mastering Operational Risk:

  • Shows you how to make the business case for operational risk, and how to develop effective company-wide policies
  • Covers the essential basic concepts through to advanced managements practices
  • Uses examples and case studies which cover the pitfalls and explains how to avoid them
  • Provides scenario analysis and modelling techniques for you to apply to your business

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Product Details

ISBN-13:
9780273727323
Publisher:
FT Press
Publication date:
10/01/2010
Series:
Financial Times Series
Edition description:
Older Edition
Pages:
344
Product dimensions:
6.70(w) x 9.40(h) x 0.80(d)

Table of Contents

Part 1 Setting the scene

Chapter 1 - What is operational risk?

Chapter 2 - The busineess case for operational risk management

Part 2 - The Framework

Chapter 3 - Governance

Chapter 4 - Risk and control assessment

Chapter 5 - Events and losses

Chapter 6 - Indicators

Part 3 - Advancing the Framework

Chapter 7 - Reporting

Chapter 8 - Modelling

Chapter 9 - Stress tests and scenarios

Part 4 - Mitigation and Assurance

Chapter 10 - Business continuity

Chapter 11 - Insurance

Chapter 12 - Internal audit

Part 5 - Practical Operational Risk Management

Chapter 13 - Outsourcing

Chapter 14 - People risk

Chapter 15 Reputation risk

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