Skip to Main Content
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
8 Operational Risk Control
– because this is fundamental in identifying salient problems and setting priorities.
Core risks are those that an entity is in business to take, for instance:
Loans are core risks for credit institutions.
Non-core risks are those the firm has no clearly perceived comparative advantage in
bearing, yet it is taking them. An example is:
Speculation through derivatives, as contrasted to true hedging.
This is an example from credit risk and market risk domain, but similar criteria also
exist in connection to operational risk. It is the responsibility of the board and the
CEO to make a formal determination of what the core risks ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Operational Risk: A Guide to Basel II Capital Requirements, Models, and Analysis

Operational Risk: A Guide to Basel II Capital Requirements, Models, and Analysis

ANNA S. CHERNOBAI, SVETLOZAR T. RACHEV, FRANK J. FABOZZI
Proactive Risk Management

Proactive Risk Management

Preston G. Smith, Guy M. Merritt

Publisher Resources

ISBN: 9780750659093