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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
Market discipline, contrary opinion and scoreboard solutions 195
events by inserting a background probability of risks occurring even when controls
are effective. Equally important is to simulate control failures, including:
Those failing only once in a while
Those staying failed after fixing, and
Those slowly degrading over time.
In conclusion, what we would like to achieve with an advanced scoreboard solution
is a system of traffic lights – green, amber, red – which can serve in channelling the
attention of operational risk controllers. As Chapter 8 has shown, statistical quality
control (SQC) charts can serve as effective tracking tools. An ...
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Publisher Resources

ISBN: 9780750659093