Operational Risk Control with Basel II: Basic Principles and Capital Requirements

Operational Risk Control with Basel II: Basic Principles and Capital Requirements

by Dimitris N. Chorafas
     
 

ISBN-10: 0750659092

ISBN-13: 9780750659093

Pub. Date: 12/13/2003

Publisher: Elsevier Science

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

Overview

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

Product Details

ISBN-13:
9780750659093
Publisher:
Elsevier Science
Publication date:
12/13/2003
Pages:
400
Product dimensions:
0.94(w) x 6.14(h) x 9.21(d)

Table of Contents

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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