Details

Operational Risk Management


Operational Risk Management


1. Aufl.

von: Hong Kong Institute of Bankers (HKIB)

36,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 13.05.2013
ISBN/EAN: 9780470827680
Sprache: englisch
Anzahl Seiten: 256

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

<b>A practical guide to identifying, analyzing and tackling operational risk in banks and financial institutions</b> <p>Created for banking and finance professionals with a desire to expand their management skill set, this book focuses on operational risk and operational risk events, as distinct from other types of functional risks. It was written by the experts at the world-renowned Hong Kong Institute of Bankers, an organization dedicated to providing the international banking community with education and training.</p> <ul> <li>Schools you in techniques for analyzing the operational risk exposure of banking institutions and assessing how operational risk impacts on other types of risk</li> <li>Provides expert guidance on how to design, plan and implement systems for operational risk management and quality control</li> <li>Describes a comprehensive approach to operational risk management that includes data collection, modeling and an overall risk management structure</li> <li>Shows you how to develop operational risk management solutions to help your company minimize losses without negatively impacting its ability to generate gains</li> <li>Offers expert guidance on various regulatory frameworks and how the latest Basel II and Basel III requirements impact a bank's operational risk management strategy and framework</li> </ul>
<p>Preface ix</p> <p><b>PART 1 OPERATIONAL RISK IN THE BANKING INDUSTRY 1</b></p> <p><b>1 Overview and Definition 3</b></p> <p>Learning Objectives 3</p> <p>Introduction 4</p> <p>What is Operational Risk? 4</p> <p>Important Operational Risk Events 8</p> <p>Distinguished From Other Risks 13</p> <p>Distinguished From Operations Risk 17</p> <p>Boundaries of Operational Risk 19</p> <p>Drivers of Operational Risk Management 20</p> <p>Integrating Related Disciplines 21</p> <p>Summary 23</p> <p>Key Terms 24</p> <p>Study Guide 24</p> <p>Further Reading 25</p> <p><b>2 Operational Risk Management Frameworks 27</b></p> <p>Learning Objectives 27</p> <p>Introduction 28</p> <p>Operational Risk Management Frameworks 28</p> <p>ORM Frameworks and Goals 32</p> <p>Summary 34</p> <p>Key Terms 35</p> <p>Study Guide 35</p> <p>Further Reading 36</p> <p><b>3 Case Studies 37</b></p> <p>Learning Objectives 37</p> <p>Introduction 38</p> <p>Categories of Operational Risk 38</p> <p>Lessons in ORM 58</p> <p>Summary 60</p> <p>Key Terms 60</p> <p>Study Guide 61</p> <p>Further Reading 61</p> <p><b>PART 2 OPERATIONAL RISK PLANNING 63</b></p> <p><b>4 Methods and Tools 65</b></p> <p>Learning Objectives 65</p> <p>Introduction 66</p> <p>The ORM Process 66</p> <p>Managing Operational Risk 76</p> <p>Summary 80</p> <p>Key Terms 82</p> <p>Study Guide 82</p> <p>Further Reading 83</p> <p><b>5 Risk Identification 85</b></p> <p>Learning Objectives 85</p> <p>Introduction 86</p> <p>Assessing Risk 87</p> <p>Categorising Risk 90</p> <p>Summary 96</p> <p>Key Terms 97</p> <p>Study Guide 97</p> <p>Further Reading 98</p> <p><b>6 Risk Measurement and Assessment 99</b></p> <p>Learning Objectives 99</p> <p>Introduction 100</p> <p>Impact and Probability 101</p> <p>Value-at-Risk 109</p> <p>Loss and Capital Charge 111</p> <p>Summary 115</p> <p>Key Terms 116</p> <p>Study Guide 117</p> <p>Further Reading 117</p> <p><b>PART 3 OPERATIONAL RISK MANAGEMENT 119</b></p> <p><b>7 Risk Control and Mitigation 121</b></p> <p>Learning Objectives 121</p> <p>Introduction 122</p> <p>Incident Management 122</p> <p>Assumptions, Avoidance and Transference 126</p> <p>Insurance 129</p> <p>Internal Controls 132</p> <p>Contingency Planning 134</p> <p>Summary 135</p> <p>Key Terms 136</p> <p>Study Guide 137</p> <p>Further Reading 137</p> <p><b>8 Risk Reporting 139</b></p> <p>Learning Objectives 139</p> <p>Introduction 140</p> <p>Risk Profile 140</p> <p>Reporting 142</p> <p>Incidents and Data Reporting 147</p> <p>Summary 149</p> <p>Key Terms 150</p> <p>Study Guide 151</p> <p>Further Reading 151</p> <p><b>9 Related Techniques 153</b></p> <p>Learning Objectives 153</p> <p>Introduction 154</p> <p>Scenario Analysis 154</p> <p>Stress Testing 155</p> <p>Operational Risk Models 159</p> <p>Summary 169</p> <p>Key Terms 170</p> <p>Study Guide 170</p> <p>Further Reading 170</p> <p><b>PART 4 REGULATORY APPROACHES TO OPERATIONAL RISK 173</b></p> <p><b>10 Regulatory Requirements 175</b></p> <p>Learning Objectives 175</p> <p>Introduction 176</p> <p>Basel II 176</p> <p>Basel III 179</p> <p>HKMA Risk-Based Supervisory Approach 182</p> <p>Approaches to Assessment 186</p> <p>Basel III Risk Exposures 190</p> <p>Summary 193</p> <p>Key Terms 194</p> <p>Study Guide 195</p> <p>Further Reading 195</p> <p><b>11 Risk Governance 197</b></p> <p>Learning Objectives 197</p> <p>Introduction 198</p> <p>Risk Governance Structure 199</p> <p>Other Considerations 207</p> <p>RCSA, KRIs, and Risk Events 209</p> <p>Summary 211</p> <p>Key Terms 212</p> <p>Study Guide 213</p> <p>Further Reading 213</p> <p>Index 215</p>
<p><b>The Hong Kong Institute of Bankers (The HKIB)</b> has been serving the local banking community in the provision of education and training since 1963. In 1995, with the encouragement and support of the local banking community, the Institute declared its independence from its parent institute in the UK. With an independent status, the Institute is able to better serve the training needs of the bankers in the region and to reflect the importance of Hong Kong as an international financial center.<br />The continuous professional development program, which comprises of professional examinations and training courses, has helped bank employees to make advancements in their banking career, and is valued by most of them who are determined to strengthen their knowledge base.<br />In view of the changing landscape of the banking industry in Hong Kong, the importance of continuous professional development and education in this competitive financial market has gained increasing attention. The professional examinations and training programs are offered for members or bank staffs to equip with the essential skills and knowledge to help them "fast-track" their management career.</p>
<p>Operational risk management has evolved over the last decade into one of the most important functions in banks and financial institutions. Failure to manage operational risks has pushed banks to the brink of collapse time and again and led some into bankruptcy. In the wake of the global financial crisis, managing operational risk has taken on an added importance.</p> <p>An effective strategy to control operational risks spans the entire operation of a bank, from the front line tellers who deal with customers day in and day out, all the way through the rank of senior managers and to the board of directors, which is ultimately responsible. Banks and banking professionals must be fully versed in the practice of operational risk management and take an approach to risk that helps minimize exposure and maximize risk coverage.</p> <p><i>Operational Risk Management</i> by the <b>Hong Kong Institute of Bankers (HKIB)</b> explores the evolution of ORM. It considers risk factors and ways to track them and minimize their impact. It looks at how to develop strategies and frameworks to manage operational risk and delves into how regulators view the practice of operational risk management as well as the discipline they place on banks to limit their exposure.</p> <p>Topics covered in this book include:</p> <ul> <li>Risk factors and control methods</li> <li>Operational risk management frameworks</li> <li>Case studies of ORM failures</li> <li>Operational risk planning</li> <li>Risk measurement and assessment</li> <li>Basel II accord on operational risk management</li> <li>Regulatory approaches to ORM</li> </ul> <p>With over a century of history, Bank of Communications Co., Ltd. is always in pursuit of excellence. We endeavor to create value for all stakeholders while contributing to the sustainable development of the economy, society and the environment. Our sponsorship to this publication denotes our commitment to professionalism in the banking and financial industries.</p> <p>With an extensive network in Hong Kong and a dedicated team of professionals, Bank of Communications Co., Ltd Hong Kong Branch strives to realize the personal goals of clients with integrated wealth management strengths and expertise in RMB services.</p>

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