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Informationen zum Autor Mark Laycock has experience across the risk disciplines that attract regulatory capital. He is highly regarded within the Operational Risk discipline. He began working on Operational Risk in 1998 whilst at Deutsche Bank, which he joined in 1996. In 1999 banking regulators wanted an explicit capital requirement for operational risk. He worked with several industry groups developing practices and helped to establish the Operational Risk Data eXchange (ORX) in 2002. His involvement in Market Risk spans a decade from the mid-1980s. He was also a trader of Fixed Income and Equity strategies, such as equity index arbitrage. The later part of his Market Risk decade was spent at the Bank of England, Banking Supervision Division. Since 2008 Mark has worked for ORX on topics such as the categorisation of Operational Risk, Scenarios and Operational Risk Appetite. He also has a consulting company Alder Partners. Mark has an MBA, from Manchester Business School, where his dissertation was on Maturity and Interest Rate Mis-Matching of Banks. Klappentext With over 30 years' experience of risk management in banks, Mark Laycock provides a comprehensive but succinct non-technical overview of risk and its governance in financial institutions. Bridging the gap between texts on governance and the increasingly technical aspects of risk management the book covers the main risk types experienced by banks - credit, market, operational and liquidity - outlines those risks before considering them from a governance perspective including the Board and Executive Management.Addressing terminology issues that can confuse dialogue, and by providing a bibliography alongside each chapter for more detailed discussion of the topic this book will ground readers with the knowledge they require to understand the unknown unknowns. Zusammenfassung Never before has there been such pressure for organizations to commit to more rigorous corporate governance values. Risk Management at the Top presents a current, non-executive director's guide to risk management and its governance within the financial institutions they serve. Inhaltsverzeichnis About the Author xiii 1 Introduction 1 1.1 Introduction 2 1.2 Boards 3 1.3 Why Now? 5 1.4 Rest of the Book 7 Further Reading 9 PART I RISK OVERSIGHT 11 2 Risk - An Overview 15 2.1 Terminology 16 2.2 Role of Banks and Risk 22 2.3 Sources of Risk and Uncertainty 25 2.4 Capital 28 2.5 Issues to Consider 34 Further Reading 35 3 Risk Oversight 37 3.1 Introduction 38 3.2 Perspective 39 3.3 Models 43 3.4 Risk Framework 45 3.5 Biases 54 3.6 Issues to Consider 56 Further Reading 57 4 Risk Management 59 4.1 Introduction 60 4.2 Terminology and Components 61 4.3 Risk Management Cycle 65 4.4 Issues to Consider 73 Further Reading 74 5 Risk Appetite 75 5.1 Introduction 76 5.2 Terminology and Concept 77 5.3 Stakeholders 79 5.4 Expressions of Risk Appetite 82 5.5 Framework 87 5.6 Risk Reporting 91 5.7 Issues to Consider 94 Further Reading 95 6 RiskCulture 97 6.1 Introduction 98 6.2 Terminology 100 6.3 Assessing and Influencing Risk Culture 108 6.4 Monitoring Risk Culture 117 6.5 Issues to Consider 118 Further Reading 119 PART II SPECIFIC RISKS 121 7 Credit Risk 125 7.1 Introduction 126 7.2 Definition of Credit Risk 127 7.3 Framework 130 7.4 Risk Appetite Metrics 134 7.5 Credit Risk Management 149 7.6 Issues to Consider 158 Further Reading 158 8 Market Risk 159 8.1 Introduction 160 8.2 Definition of Market Risk 161...
