000 02546nam a2200253 a 4500
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005 20240411192900.0
008 201103n s 000 0 eng d
010 _a2015019820
020 _a978-1-349-56569-6
100 1 _aRobertson, Douglas.
245 1 0 _aManaging operational risk
_h[electronic resource] :
_bpractical strategies to identify and mitigate operational risk within financial institutions /
_cDouglas Robertson.
260 _aNew York :
_bPalgrave Macmillan,
_c2015.
300 _a1 online resource (xiv, 190 pages) :
_billustrations.
500 _aIncludes bibliographical references and index.
505 0 _aIntroduction to Operational Risk -- Operational Risk Management Practices -- Mortgage Mayhem -- Operational Risk Monitoring and Control -- Regulatory Agencies and Operational Risk -- Conclusion -- Appendix: Subprime Crisis Timeline.
520 _a"Operational risk is the risk of loss from inadequate or failed internal processes, people, and systems or from external events. There are two types of operational risks: catastrophic and non-catastrophic. The vast majority of operational risks are non-catastrophic, i.e., low-loss events that institutions ably contend with every day. Catastrophic operational risks, however, can give rise to losses so extreme that they immediately put the survival of the institution at stake. This book explores the different types of operational risk that threaten financial institutions. After briefly discussing the non-catastrophic operational risks, the author focuses on practical, due-diligence methodologies that institutions can use to identify less-familiar more-lethal catastrophic operational risks before they detonate. Robertson explains that the mitigation and suppression of potentially catastrophic operational risks require an active, human capital intensive inspection program. This book will help organizations develop a program of quality assurance inspections helping to manage operational risk that could prevent the escalating battle against costly, destabilizing, and often destructive operational risks".
650 7 _aAuditing, Internal.
_2sears
650 7 _aBanks and banking
_xRisk management.
_2sears
650 7 _aFinancial institutions
_xRisk management.
_2sears
856 _uhttps://drive.google.com/file/d/1neK95_kibceVphpiA2InbDK_44khSuCu/view?usp=sharing
999 _c9818
_d9818