Advances in Operational Risk

Publisher: Risk Books
ISBN: 9781904339168
Published In: June 2003
Format: Paperback
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Building upon the seminal work established in the first best-selling edition, this fully revised multi-contributor title brings you all the 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 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

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

“An outstanding work. No other book on operational risk offers the sophistication, clarity or breadth that this one does.“

Glyn Holton, Contingency Analysis