An Introduction to Operational Risk (Bloomberg Financial) - Hardcover

Kaiser, Thomas; Kohn, Marc

Hardcover

ISBN 10: 1904339514 ISBN 13: 9781904339519

Publisher: Bloomberg Press, 2006

Synopsis

This comprehensive introductory guide is essential reading for anyone new to the field of operational risk. It is also highly recommended for those who have a keen interest in this topic but with limited background knowledge.

In response to the growing demand for introductory material (from both professionals and academics), the authors - senior practitioners from KPMG Germany - have combined their many years of experience, gained in operational risk departments of leading banks, to produce this insightful primer to operational risk. An Introduction to Operational Risk provides an overview of the current state of this discipline, with clear explanations of industry terminology. In addition, you are directed step-by-step through the structure and processes that leading international banks currently follow to manage and control operational risk. What's more, you are presented with pragmatic and workable approaches to solving all the common operational risk-related problems that can occur.

It will enable you to put into practice the following key elements of operational risk:
* Framework
* Definitions and structures
* Loss data
* Risk assessment
* Key indicators
* Management information system
* Economic and regulatory capital
* Risk information technology

Furthermore, the timing of the book has allowed the opportunity to incorporate the contents and implications of the new Capital Accord of the Basel Committee on Banking Supervision (Basel II) as well as the EU Commission's Capital Requirements Directive (CRD).

An Introduction to Operational Risk is an essential guide for junior operational risk professionals; and experienced staff who have recently changed their focus to operational risk; to implement the appropriate processes and methods in financial institutions. It will also support and stimulate urgently needed academic debate on this topic.

About this title

About the Author

Dr. Thomas Kaiser is a director with KPMG Germany in the Financial Risk Management area and heads its Operational Risk practice. In addition to that, he is a lecturer on Operational Risk at Frankfurt University. Before joining KPMG, he worked in the risk management departments of three major German banks, focusing on Operational Risk.

Marc Felix Köhne is a partner with KPMG Germany in the Management Assurance Services area. He is responsible for the Global Operational Risk competence team. Before joining KPMG he worked in derivatives trading as well as Operational Risk management of a major German bank.

Edition details

• Publisher: Bloomberg Press
• Publication date: 2006
• Language: English
• ISBN 10: 1904339514
• ISBN 13: 9781904339519
• Binding: Hardcover
• Edition number: 1
• Number of pages: 164