Operational Risk - The New Challenge for Banks

Operational risk is one of the oldest risks in the banking sector, and yet regulatory bodies including the Basle Committee are still working on a regulatory framework. Damage control measures introduced by banks have often proved ineffective. The successful management of operational risk requires preventative action and will be a significant competitive advantage for banks in the future. This book is a practical guide to achieving control of operational risk. Using qualitative analysis, the author suggests risk identification procedures and provides tools for the analysis, quantification and management of risk. He goes on to discuss future developments in both the regulatory and insurance sectors, including the most recent Basle Committee proposals.

List of contents

Introduction Definition and Dimensions of Operational Risk Risk Identification and Quantification Management of Operational Risk Conclusion

About the author

GERRIT JAN VAN DEN BRINK is Senior Operational Risk Controller with Dresdner Bank AG. He was previously an internal auditor, controller, IT-Manager, CFO and Head of Operations with Rabobank (1988-1999) both in the Netherlands and Germany. He has also worked as a consultant in operational risk to German banks.

Summary

Operational risk is one of the oldest risks in the banking sector, and yet regulatory bodies including the Basle Committee are still working on a regulatory framework. Damage control measures introduced by banks have often proved ineffective. The successful management of operational risk requires preventative action and will be a significant competitive advantage for banks in the future. This book is a practical guide to achieving control of operational risk. Using qualitative analysis, the author suggests risk identification procedures and provides tools for the analysis, quantification and management of risk. He goes on to discuss future developments in both the regulatory and insurance sectors, including the most recent Basle Committee proposals.

Product details

• Authors: Gerrit Jan Van Den Brink, Kenneth A Loparo, Kenneth A. Loparo, Gerrit Jan Van Den Brink, Gerrit Jan Brink Van Den Brink
• Publisher: Palgrave UK
• Languages: English
• Product format: Paperback / Softback
• Released: 14.01.2014
• EAN: 9781349664764
• ISBN: 978-1-349-66476-4
• No. of pages: 172
• Subjects: Social sciences, law, business > Business > Business administration; Management, B, Accounting, Banking, Corporate Finance, macroeconomics, Financial Services, Accounting/Auditing, risk management, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Management & management techniques, Finance & accounting, Business Finance, Monetary Economics, Management accounting & bookkeeping, Bookkeeping, Palgrave Economics & Finance Collection, Business enterprises—Finance, Banks and banking, banking;management;merger