05538nam 2200697 450 991014104960332120170814175755.01-119-20705-31-282-93961-097866129396170-470-74599-1(CKB)2670000000069712(EBL)644960(OCoLC)700706051(SSID)ssj0000440451(PQKBManifestationID)12190647(PQKBTitleCode)TC0000440451(PQKBWorkID)10470544(PQKB)10457618(MiAaPQ)EBC644960(EXLCZ)99267000000006971220160814h20092009 uy 0engur|n|---|||||txtccrOperational risk assessment the commercial imperative of a more forensic and transparent approach /Brendon Young and Rodney ColemanHoboken, New Jersey :John Wiley & Sons, Inc.,2009.©20091 online resource (458 p.)The Wiley Finance Series ;v.563Description based upon print version of record.0-470-75387-0 Includes bibliographical references and index.Operational Risk Assessment; Contents; Foreword; Preface; Acknowledgements; About the Authors; Abbreviations; PART I THE ASSESSMENT OF RISK AND ITS STRATEGIC IMPORTANCE; 1 Introduction; 1.1 Executive Overview: Responsiveness, Competitive Advantage, and Survival; 1.2 Understanding the Increasingly Complex and Competitive Banking Environment; 1.3 Risk Management and Strategy - Identifying Winners and Losers; 1.4 Capital - Understanding and Assessing its Importance and Limitations; 2 The Importance of Corporate Governance; 2.1 Defining Corporate Governance2.2 Understanding the Importance of Corporate Governance and Ethics2.3 International Organizations and their Activities; 2.4 The Basel Paper on Corporate Governance for Banks; 2.5 Countries: Their Different Requirements and Experiences; 2.6 Board Structures; 2.7 Shareholder Activism and Extra-Financial Issues; 2.8 Assessing Governance, Bribery, and Corruption; 2.9 Key Considerations; 2.10 Conclusions; Appendix 2A; 3 Fundamental Assessment; 3.1 Introduction; 3.2 The Fundamental Relationship Between Credit Risk, Market Risk, and Operational Risk; 3.3 External Assessment Frameworks3.4 Credit Rating Agencies' Approach: The 7 Pillars3.5 Moody's Operational Risk Assessments - Towards a More Forensic Approach; 3.6 The Regulatory Approach - Development of the Arrow Framework; 3.7 Enhanced Analytics; 3.8 Measuring Customer Satisfaction and Loyalty; Appendix 3A; Appendix 3B; 4 An Introduction to Risk and Default Analysis; 4.1 Predicting Soundness; 4.2 Argenti's A-score: Causes of Business Failure; 4.3 Statistical Failure Prediction Models; 4.4 Credit Risk Models; 4.5 Merton's 1974 Model; 4.6 The KMV Model; 4.7 CreditRisk +; 4.8 Portfolio Credit Risk Models4.9 Internal Operational Risk Models4.10 Commercially Available Operational Risk Systems and Models; 5 Control Risk Self Assessment (CRSA) - A Behavioural Approach to Risk Management; 5.1 Introduction; 5.2 Advocates; 5.3 Defining Control Risk Self Assessment; 5.4 Benefits and Limitations of a CRSA Approach; 5.5 Residual Risks; 5.6 Methodology; 5.7 Types of Meeting; 5.8 Questionnaires and Weightings; 5.9 Resource Allocation; 5.10 Loss Data; 5.11 Determination of Capital Requirement; 5.12 Developing and Refining the System; 5.13 Achieving and Maintaining Credibility and Appropriateness5.14 Validation5.15 Auditing; 5.16 The Relationship between Risk Management and Knowledge Management; 5.17 Aetiology of Knowledge Management; 5.18 Avoiding Ossification; 5.19 Managing Risk within Communities of Practice; 5.20 Flexibility and Responsiveness; 5.21 The Limitations of Enforced Best Practice; 5.22 Benchmarking and Stress Testing Human Factors; 5.23 Reasons for Failure; 6 Data and Data Collection; 6.1 The Importance of Data; 6.2 The Regulatory Perspective; 6.3 Sources and Limitations of Data; 6.4 Not All Data will be Recorded6.5 Differences in Approach Lead to Variations in Capital RequirementOperational risk assessmentThe Commercial Imperative of a More Forensic and Transparent Approach Brendon Young and Rodney Coleman "Brendon Young and Rodney Coleman's book is extremely timely. There has never been a greater need for the financial industry to reassess the way it looks at risk. [...] They are right to draw attention to the current widespread practices of risk management, which [...] have allowed risk to become underpriced across the entire industry." Rt Hon John McFall MP, Chairman,House of Commons Treasury Committee Failure of the financiaThe Wiley Finance SeriesFinancial risk managementBanks and bankingRisk managementFinancial services industryRisk managementElectronic books.Financial risk management.Banks and bankingRisk management.Financial services industryRisk management.658.15/5658.155Young Brendon981843Coleman RodneyMiAaPQMiAaPQMiAaPQBOOK9910141049603321Operational risk assessment2240781UNINA