Operational Risk: Practical Approaches to Implementation
About this book
Topical, innovative and highly practical, this authoritative new resource from Risk Books will help you successfully develop and enhance the operational risk function in your firm. Highly practical focus explains operational risk regulatory matters and specifically aids you with the practical implementation of an operational risk programme in your organisation. Provides easy access to the very latest thinking on Operational risk from the biggest names in the field Marco Moscadelli, Marcus Haas, Thomas Kaiser and Maurits Bakker. Collates the latest, most influential and ground-breaking work recently published in, among others, Operational Risk magazine. Makes it easy for first-timers to implement a regulatory compliance framework by providing an essential route-map that clearly shows you how to do this effectively and efficiently. Split into 4 easy access 1) Loss data collection and modelling – offers a range of novel, practical approaches to solve the notoriously complex challenges associated with the collection and modelling of internal and external loss data.2) Alternative measurement strategies – with detailed guidance on key risk indicators and scenario testing among other alternative tools, this section offers highly practical solutions informed by ‘real life' situations.3) Conceptualising operational risk management – all about turning operational risk measurement into action – this section will help you conceptualise your op risk approach and outline an effective implementation strategy.4) Mitigation strategies – the ultimate goal of most operational risk strategies, here you will find a range of invaluable case-studies to provide a definitive assessment of the growing mitigation techniques available.