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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
Information technology risk 111
which I undertook as consultant to major financial institutions in continental Europe
showed that, to a considerable extent, operating risk was the most underestimated
risk in the existing payment system made up of heterogeneous components that were
not properly tested for built-in reliability. Yet, banking payment systems:
Are linked on-line to the clearer, and
They are interdependent in terms of existing operational risks.
A single systems failure, whatever the cause, can spread into other aggregates and
it may have a domino effect. Therefore, the able handling of the consequences of
security issues, reliability ...
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Publisher Resources

ISBN: 9780750659093