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
Management control of operational risk 21
wrong bets (which is part of management risk), eventually resulting in operational
deficiencies characterizing control processes or systems. By contrast, well-managed
companies attempt to mitigate operational risk by:
Maintaining a comprehensive internal control, and
Employing experienced, well-trained dedicated personnel.
This is the right direction in operational risk control, but while necessary, by itself
it is not sufficient. For each functional area deemed to be potentially of medium to
high risk, senior management should perform a rigorous risk self-assessment. Its goals
must be to evaluate the appropriateness ...
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