Advances in Operational Risk: Firm-wide Issues for Financial Institutions (2nd Edition)

  • ID: 220521
  • Book
  • 272 Pages
  • Incisive Media
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"An outstanding work. No other book on operational risk offers the sophistication, clarity or breadth that this one does."

Glyn Holton, Contingency Analysis

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- Discusses key topics including acquisition and merger risk, reputation risk, e-commerce risk, compliance issues as well as the lessons that can be learnt from non-financial firms - Reflecting the major developments that have occurred within operational risk practices, this completed updated edition will help to ensure that your systems comply with the very latest regulatory changes - Presents you with the most recent regulatory developments and progress including changes to Basel II and responses to it; the Basel Committee's 'Quantitative Impact Study III' as well as new chapters on Moody's regulatory requirements - Offers both qualitative and quantitative approaches from all quarters including respected industry participants, regulators, industry bodies and academics active in the area of operational risk
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Introduction: Operational Risk Management: New Disciplines, New Opportunities
Peyman Mestchian of SAS UK

MANAGING OPERATIONAL RISK

1. Operational Risk Management: The Solution is in the Problem
Peyman Mestchian of SAS UK

2. Managing Operational Risk
Robert Hübner, Mark Laycock and Fred Peemöller of Deutsche Bank AG

3. New Trends in Operational Risk Insurance for Banks
Brendon Young of ORRF and Simon Ashby of FSA

4. Operational Risk in Bank Acquisitions: A Real Options Approach to Valuing Managerial Flexibility
Hemantha S. B. Herath of University of Northern British Columbia and John S. Jahera Jr of Auburn University

5. How to Introduce an Effective Operational Risk Management Framework
Roland Kennett of BNP Paribas

RISK ANALYSIS, IDENTIFICATION & MODELLING

6. Operational Risk Capital Allocation and Integration of Risks
Elena A. Medova of University of Cambridge

7. Developing an Operational VAR Model using EVT
Marcelo Cruz of RiskMaths

8. The Use of Reliability Theory in Measuring Operational Risk
Patrick Mc Connell of Henley Management College

9. Model Selection for Operational Risk
Michel Crouhy of CIBC, Dan Galai of Hebrew University and Robert Mark of Black Diamond

10. Model Error in Enterprise-wide Risk Management: Insurance Policies with Guarantees
Andrea Consiglio of University of Cyprus and University of Palermo and Stavros A. Zenios of University of Cyprus and The Wharton School

PRACTICAL IMPLEMENTATION

11. Building and Running an Operational Loss Database
John Thirlwell of ORRF and BBA Global Operational Loss Database

12. Reputational Risk
Peter Schofield of American Express Corporate Audit

13. Corporate Reputation: Not Worth Risking
Knowledge@Wharton in association with Aon

14. Moody's Analytical Framework for Operational Risk Management of Banks
Brendon Young of Moody's Investors Service Limited

15. From Operational Risk to Operational Excellence
Barbara Döbeli of Swiss National Bank, Markus Leippold of University of Zurich and Paolo Vanini of University of Southern Switzerland and Zurich Cantonal Bank

16. The Legal and Regulatory View of Operational Risk
Dermot Turing of Clifford Chance LLP
Note: Product cover images may vary from those shown
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Discusses key topics including acquisition and merger risk, reputation risk, e-commerce risk, compliance issues as well as the lessons that can be learnt from non-financial firms

Reflecting the major developments that have occurred within operational risk practices, this completely updated edition will help to ensure that your systems comply with the very latest regulatory changes

Presents you with the most recent regulatory developments and progress including changes to Basel II and responses to it; the Basel Committee's 'Quantitative Impact Study III' as well as new chapters on Moody's regulatory requirements

Offers both qualitative and quantitative approaches from all quarters including respected industry participants, regulators, industry bodies and academics active in the area of operational risk
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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