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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
32 Operational Risk Control
Chapter 1 has made reference to cooperative efforts among major banks – which
otherwise are competitors – aimed to establish, by working together, a richer
operational risk database than each could do on its own. Today, operational risk data
are in short supply, though some exceptions do exist here and there.
Cooperative databases will not succeed, unless classification and identification of
op risks are homogeneous.
At the same time, credit institutions should have the freedom to choose their own
methodology rather than having to live with a straitjacket.
The parallel code system presented later in the chapter reconciles ...
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Publisher Resources

ISBN: 9780750659093