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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
40 Operational Risk Control
A crucial question is how to identify and measure qualitative factors in operational
risk. My answer is the use of the Delphi method,
6
which I have found to be the best
approach in operational risk identification, and in the definition of valid control
solutions. Delphi is based on systematic pooling of expert opinion. The rules are:
Select a sample of knowledgeable and independent-minded people.
Create the proper conditions under which they can perform, then let them rate an
issue.
Use considerable caution in deriving from their opinion both diversity in thinking
and a convergent position.
Delphi is typically conducted ...
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Publisher Resources

ISBN: 9780750659093