An Introduction to Operational Risk

Author: Thomas Kaiser; Marc Köhne
Publisher: Risk Books
ISBN: 9781904339519
Published In: September 2006
Format: Paperback
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

Out of stock

Description
Contents
Author

Details

This comprehensive introductory guide is essential reading for anyone new to the field of operational risk. It is also highly recommended for those who have a keen interest in this topic but with limited background knowledge.

In response to the growing demand for introductory material (from both professionals and academics), the authors - senior practitioners from KPMG Germany - have combined their many years of experience, gained in operational risk departments of leading banks, to produce this insightful primer to operational risk.

An Introduction to Operational Risk provides an overview of the current state of this discipline, with clear explanations of industry terminology. In addition, you are directed step-by-step through the structure and processes that leading international banks currently follow to manage and control operational risk. What’s more, you are presented with pragmatic and workable approaches to solving all the common operational risk-related problems that can occur.

It will enable you to put into practice the following key elements of operational risk:

Framework
Definitions and structures
Loss data
Risk assessment
Key indicators
Management information system
Economic and regulatory

capital

Risk information technology

Furthermore, the timing of the book has allowed the opportunity to incorporate the contents and implications of the new Capital Accord of the Basel Committee on Banking Supervision (Basel II) as well as the EU Commission’s Capital Requirements Directive (CRD).

An Introduction to Operational Risk is an essential guide for junior operational risk professionals; and experienced staff who have recently changed their focus to operational risk; to implement the appropriate processes and methods in financial institutions. It will also support and stimulate urgently needed academic debate on this topic.

Preface

Table of Figures

List of Tables

1: Introduction

2: Drivers for Operational Risk Management

Business drivers

Regulatory environment

3: Operational Risk in the Context of All Risk Types

4: Steps in the Process of Managing Operational Risk

Identification

Assessment

Reporting

Management

Monitoring

5: The Components of Operational Risk Management

Framework

Definitions and structures

Loss data

Risk assessment

Key indicators of risk

Management information system

Economic and regulatory capital

Risk Information Technology

6: Implementation of the Framework Components and Management Process

Approach

Manpower and time involved

Implementation problems

7: Outlook

References

Thomas Kaiser is a director with KPMG Germany in the Financial Risk Management area and heads its Operational Risk practice. In addition to that, he is a lecturer on Operational Risk at Frankfurt University. Before joining KPMG, he worked in the risk management departments of three major German banks, focusing on Operational Risk.

Marc Felix Köhne is a partner with KPMG Germany in the Management Assurance Services area. He is responsible for the Global Operational Risk competence team. Before joining KPMG he worked in derivatives trading as well as Operational Risk management of a major German bank.