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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
82 Operational Risk Control
4.6 Management risk at Tyco International
Based in Bermuda with headquarters in Exeter, New Hampshire, at its high-water
mark Tyco International had 240 000 employees and its products ranged from
security systems and safety devices to financials and syringes. In the late 1990s the
conglomerate was attracting the market’s attention in a big way. Its investors
considered it to be a sort of multi-identity holding company. But, in February
2002,
Fears about its opaque accounting had branded Tyco ‘the next Enron’, and
As investors fled, the market vaporized more than $160 billion in Tyco’s
capitalization.
Many lessons can be ...
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Publisher Resources

ISBN: 9780750659093