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Measuring and Managing Operational Risks in Financial Institutions By Christopher Marshall

Measuring and Managing Operational Risks in Financial Institutions
by Christopher Marshall

In Stock
$27.49
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This work aims to advise those firms in the process of developing their own operational risk management systems. It covers human error, systems failures and inadequate controls and procedures - all deficiencies that can be embarrassing to an institution.
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Measuring and Managing Operational Risks in Financial Institutions Summary


Measuring and Managing Operational Risks in Financial Institutions: Tools, Techniques and Other Resources by Christopher Marshall

A comprehensive and innovative look at how to protect financial institutions from operational risks Operational risk is the risk associated with human error, systems failures, and inadequate controls and procedures in information systems or internal controls that will result in an unexpected loss. According to a recent survey, about seventy percent of banks consider operational risk as important as market or credit risks. Nearly a quarter of the same banks admit to operation-related losses of more than USD1.6 million-many cases are so embarrassing that banks will not actually admit any error on their part. Firms are just beginning to develop their own operational risk management systems and they need guidance on how to do it. This book will help them identify, measure, and manage their operational risks. Christopher Marshall (Singapore) is Associate Director of the Center for Financial Engineering at the National University of Singapore. He has written numerous articles in Risk magazine and Harvard Business School cases.

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Table of Contents


Acknowledgments; Preface; BACKGROUND; Introduction; Basic Concepts; Models of Operational Risk; AN OPERATIONAL RISK MANAGEMENT METHODOLOGY; Developing Objectives for Risk Management; Identifying the Risks; Estimating Potential Losses: Data; Estimating Potential Losses: Loss Distributions; Analyzing Risks; RISK MANAGEMENT ACTIONS; Risk Avoidance and Factor Management; Loss Prediction; Loss Prevention; Loss Control; Loss Reduction and Contingency Management; Risk Financing; OPERATIONAL RISK MANAGEMENT IN PRACTICE; Monitoring and Reporting Operational Risks; Risk-based Capital; Appendix A: A Glossary of Operational Risk; Appendix B: Operational Risk Management Software and Services; Bibliography; Index

Additional information

GOR002681424
Measuring and Managing Operational Risks in Financial Institutions: Tools, Techniques and Other Resources by Christopher Marshall
Christopher Marshall
Wiley Frontiers in Finance
Used - Very Good
Hardback
John Wiley & Sons (Asia) Pte Ltd
2000-12-18
350
0471845957
9780471845959
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.