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Reflections on Operational Risk Management
£30.00
In Reflections on Operational Risk Management, industry expert Ariane Chapelle, provides a thorough treatment of the current state of op risk management in finance. For the first time, 28 of her most important articles are combined and organised so as to guide the reader through the key topics and areas.
Divided into six sections the author examines and offers her thoughts on: The Essentials of Operational Risk and Risk Management Framework, Risk Appetite and Risk Decisions, Key Risk Indicators and Reporting, Culture and Conduct, Scenario Analysis and Tail Risks and Regulation & Capital.
Availability:
In stock
ISBN
9781782723423
Overview
The operational risk discipline is still in its infancy in the financial services industry and that is what makes it fascinating. New methods arise every day and practice is constantly evolving; this bite-size book arms the reader with a variety of topics, analogies, suggestions and ideas to stimulate awareness and understanding of operational risk in the financial industry and beyond.
This book by Ariane Chapelle is a collection of 28 columns and articles, spanning more than five years. From the fundamentals of operational risk frameworks to risk capital, they are regrouped around six themes including risk appetite, key risk indicators, risk reporting and risk culture. Each chapter addresses a hot topic of the time, such as rogue trading, or topics that are still very much discussed today, such as key risks indicators and conduct risk. More recent issues like the SMA reform and the role of regulatory capital are also explored.
The book is essential reading for op risk managers and anybody with an interest in the field.
| ISBN | 9781782723423 |
|---|---|
| Navision code | MLLE |
| Publication date | 30 Jun 2017 |
| Size | 155x235 |
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Ariane Chapelle
Ariane Chapelle
Ariane Chapelle has over 15 years of experience in the operational risk field and 25 years’ of teaching both academic and professional audiences. Ariane has run her training and consulting company in risk management since 2006. She holds a PhD in Economics, a Master’s in Business Administration and in Statistics, and has acquired professional experience in managerial functions in ING Group and Lloyds Banking Group. Her clients are made up of top-tier financial organisations. Ariane is an Honorary Reader at University College London for a course the title of which is ‘Operational Risk Measurement in the Financial Services’. She is a Fellow of the Institute of Operational Risk and a member of the editorial board of the Journal of Operational Risk. She is a columnist for Risk magazine and advisor to the Risk Management Unit of the International Monetary Fund. The FCA, PRA and the Bank of England have appointed her firm, Chapelle Consulting, in April 2017 on the Skilled Person Panel for Operational Risk.
Foreword
Acknowledgements
About the Author
About the Co-Authors
introduction
PART 1: Essentials of Operational Risk and Risk Management Framework
1 Operational Risk in Four Letters
Ariane Chapelle
2 An Invisible Framework
Ariane Chapelle and Michael Sicsic
3 Small is Beautiful in OpRisk Management
Ariane Chapelle
4 The Business Value of ORM
Ariane Chapelle
5 How to Minimise ‘People Risk’
Ariane Chapelle
PART 2: Risk Appetite and Risk Decisions
6 The Missing Piece
Ariane Chapelle
7 Risk Appetite and Framework
Ariane Chapelle
8 From Russian Roulette to Overcautious Decision-making
Ariane Chapelle
PART 3: Key Risk Indicators and Reporting
9 The Importance of Preventive KRIs
Ariane Chapelle
10 How to Build Preventive Key Risk Indicators
Ariane Chapelle
11 Unlocking KRIs
Ariane Chapelle
12 Six Steps for Preventive KRIs
Ariane Chapelle
13 Have Your Cake and Eat It
Ariane Chapelle
PART 4: Culture and Conduct
14 Conduct, Not ‘Conduct Risk’
Ariane Chapelle
15 How to Manage Incentives
Ariane Chapelle
16 Is Reputation Risk Overstated?
Ariane Chapelle
17 What Regulators Want
Ariane Chapelle
18 Conduct & Culture
Ariane Chapelle, Jimi Hinchliffe and Mark Laycock
PART 5: Scenario Analysis and Tail Risks
19 Op Risk Takes Forward Steps at OpRisk Europe 2014
Ariane Chapelle
20 Modern Scenario Analysis
Ariane Chapelle
21 The Rogue’s Path
Ariane Chapelle
22 Rogue Trading No Training: The Connections
Ariane Chapelle
23 What Brexit Teaches OpRisk
Ariane Chapelle
24 OpRisk Survey Shows the Insidious Effects of Political
Risk
Ariane Chapelle
PART 6: Operational Risk Capital and Measurement
25 Discarding the AMA Could Become a Source of OpRisk
Ariane Chapelle, Bertrand Hassani, Gareth W. Peters, Evan Sekeris and Pavel Shevchenko
26 UCL Research Shows that SMA Reforms Introduces Capital Instability and Discourages Risk Management
Ariane Chapelle, Bertrand Hassani, Gareth W. Peters and
Pavel Shevchenko
27 Memo to Bank CEOs: Treat OpRisk with More Respect
Ariane Chapelle and Evan Sekeris
28 Don’t Let the SMA Kill OpRisk Modelling
Ariane Chapelle and Evan Sekeris