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- 2. Operational Risk Management: Regulatory Framework and Operational Impact
- The Near‐Miss Management of Operational Risk
- Challenges and pitfalls in measuring operational risk from ... - Risk.net
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2. Operational Risk Management: Regulatory Framework and Operational Impact
While financial globalization has fostered higher systemic resilience due to more efficient financial intermediation and greater asset price competition, it has also complicated banking regulation and risk management in banking groups. Given the increasing sophistication of financial products, the diversity of financial institutions, and the growing interdependence of financial systems, globalization increases the potential for markets and business cycles to become highly correlated in times of stress and makes crisis resolution become more intricate while banks are still lead-regulated at a national level. At the same time, the deregulation of financial markets, the growing complexity in the banking industry, large-scale mergers and acquisitions, as well as greater use of outsourcing arrangements have raised the susceptibility of banking activities to operational risk. Operational risk has a greater potential to transpire in more harmful ways than many other sources of risk, given the increased size and complexity of the banking industry. It is commonly defined as the risk of some adverse outcome resulting from acts undertaken or neglected in carrying out business activities, inadequate or failed internal processes and information systems, misconduct by people or from external events and shocks.
The Near‐Miss Management of Operational Risk
Challenges and pitfalls in measuring operational risk from Challenges and pitfalls in measur in g. We exam in e the possibility of. We also look at some of the difficulties that arise in apply in g the loss. F in d in g many of these problems.
In simple terms, risk is the possibility of something bad happening. The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas business , economics , environment , finance , information technology , health , insurance , safety , security etc. This article provides links to more detailed articles on these areas. The international standard for risk management, ISO , provides a common approach to managing any type of risk. The Oxford English Dictionary OED cites the earliest use of the word in English in the spelling of risque from its French original, 'risque' as of , and the spelling as risk from While including several other definitions, the OED 3rd edition defines risk as:. Exposure to the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.
Challenges and pitfalls in measuring operational risk from ... - Risk.net
Over recent decades, banks and bank regulators have devoted substantial resources to managing market risk and credit risk. More recently industry and regulatory focus has shifted to the mitigation of operational risk. This article addresses the Advanced Measurement Approaches under which banks would be allowed to determine capital requirements, based on their own internal assessment of operational risk, according to standards set by the Basel Committee.
Стратмор, глядя в темноту, произнес бесцветным голосом, видимо, уже все поняв: - Да, Сьюзан. Главный банк данных… Сьюзан отстраненно кивнула. Танкадо использовал ТРАНСТЕКСТ, чтобы запустить вирус в главный банк данных. Стратмор вяло махнул рукой в сторону монитора.
И тогда он увидел, что Сьюзан вовсе не плакала. - Я не выйду за тебя замуж! - Она расхохоталась и стукнула его подушкой. - До тех пор, пока ты не объяснишь, что такое без воска.