Measuring and Managing Operational Risks in Financial Institutions
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Measuring and Managing Operational Risks in Financial Institutions: Tools, Techniques and Other Resources

Measuring and Managing Operational Risks in Financial Institutions: Tools, Techniques and Other Resources

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About the Book

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 USD1.6 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.

Table of Contents:
Acknowledgments; Preface; BACKGROUND; Introduction; Basic Concepts; Models of Operational Risk; AN OPERATIONAL RISK MANAGEMENT METHODOLOGY; Developing Objectives for Risk Management; Identifying the Risks; Estimating Potential Losses: Data; Estimating Potential Losses: Loss Distributions; Analyzing Risks; RISK MANAGEMENT ACTIONS; Risk Avoidance and Factor Management; Loss Prediction; Loss Prevention; Loss Control; Loss Reduction and Contingency Management; Risk Financing; OPERATIONAL RISK MANAGEMENT IN PRACTICE; Monitoring and Reporting Operational Risks; Risk-based Capital; Appendix A: A Glossary of Operational Risk; Appendix B: Operational Risk Management Software and Services; Bibliography; Index


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Product Details
  • ISBN-13: 9780471845959
  • Publisher: John Wiley & Sons (Asia) Pte Ltd
  • Publisher Imprint: John Wiley & Sons (Asia) Pte Ltd
  • Height: 238 mm
  • Returnable: N
  • Weight: 1010 gr
  • ISBN-10: 0471845957
  • Publisher Date: 18 Dec 2000
  • Binding: Hardback
  • Language: English
  • Sub Title: Tools, Techniques and Other Resources
  • Width: 166 mm


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Measuring and Managing Operational Risks in Financial Institutions: Tools, Techniques and Other Resources
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Measuring and Managing Operational Risks in Financial Institutions: Tools, Techniques and Other Resources
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