Operational Risk Management - Softcover

Hong Kong Institute Of Bankers (HKIB)

Softcover

ISBN 10: 0470827653 ISBN 13: 9780470827659

Publisher: Wiley, 2013

Synopsis

A practical guide to identifying, analyzing and tackling operational risk in banks and financial institutions

Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training.

• Schools you in techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk
• Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control
• Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure
• Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains
• Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework

About this title

From the Back Cover

Operational risk management has evolved over the last decade into one of the most important functions in banks and financial institutions. Failure to manage operational risks has pushed banks to the brink of collapse time and again and led some into bankruptcy. In the wake of the global financial crisis, managing operational risk has taken on an added importance.

An effective strategy to control operational risks spans the entire operation of a bank, from the front line tellers who deal with customers day in and day out, all the way through the rank of senior managers and to the board of directors, which is ultimately responsible. Banks and banking professionals must be fully versed in the practice of operational risk management and take an approach to risk that helps minimize exposure and maximize risk coverage.

Operational Risk Management by the Hong Kong Institute of Bankers (HKIB) explores the evolution of ORM. It considers risk factors and ways to track them and minimize their impact. It looks at how to develop strategies and frameworks to manage operational risk and delves into how regulators view the practice of operational risk management as well as the discipline they place on banks to limit their exposure.

Topics covered in this book include:

• Risk factors and control methods
• Operational risk management frameworks
• Case studies of ORM failures
• Operational risk planning
• Risk measurement and assessment
• Basel II accord on operational risk management
• Regulatory approaches to ORM

With over a century of history, Bank of Communications Co., Ltd. is always in pursuit of excellence. We endeavor to create value for all stakeholders while contributing to the sustainable development of the economy, society and the environment. Our sponsorship to this publication denotes our commitment to professionalism in the banking and financial industries.

With an extensive network in Hong Kong and a dedicated team of professionals, Bank of Communications Co., Ltd Hong Kong Branch strives to realize the personal goals of clients with integrated wealth management strengths and expertise in RMB services.

Edition details

• Publisher: Wiley
• Publication date: 2013
• Language: English
• ISBN 10: 0470827653
• ISBN 13: 9780470827659
• Binding: Paperback
• Edition number: 1
• Number of pages: 256