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
Classification, identification and monitoring of operational risk 27
This is consistent with the fact that, as we gain experience and enrich our database,
operational risk studies should target a significant detail. We are not yet there. Prior
to reaching the necessary level of detail, we must assure that op risk studies address
salient problems, a process assisted through classification and identification.
Regarding data collection per se, operational risk data must be captured at the
source. This is not current practice, therefore, according to some estimates 30% of op
risk entries are wrong. Wrong classification is co-responsible for errors in the ...
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