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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
4 Operational Risk Control
human-engineered, and due to counterparties or generally external factors. Banks that
have studied the origins of op risk appreciate that:
It is causal
It is event-oriented, and
Its aftermath is loss and damage.
Key indicators for operational risk include: outstanding risk claims; number of
errors, by channel; frequency of other incidents; impact of each class of incidents in
economic terms; legal issues connected to op risk; level and sophistication of staff
training; staff turnover; and the way in which jobs are organized and supported –
including information technology (IT) supports. Operational risk often results in ...
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Publisher Resources

ISBN: 9780750659093