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:
- Definitions and structures
- Loss data
- Risk assessment
- Key indicators
- Management information system
- Economic and regulatory
- 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.
- Publish date
- 1 Sep 2006
- 155mm x 235mm
Table of contents
Table of Figures
List of Tables
2: Drivers for Operational Risk Management
3: Operational Risk in the Context of All Risk Types
4: Steps in the Process of Managing Operational Risk
5: The Components of Operational Risk Management
Definitions and structures
Key indicators of risk
Management information system
Economic and regulatory capital
Risk Information Technology
6: Implementation of the Framework Components and Management Process
Manpower and time involved