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Operational risk: regulation, analysis and management

book
posted on 2023-06-08, 12:24 authored by Carol AlexanderCarol Alexander
In recent years, supervisors and the banking industry have recognised the importance of operational risk. According to a recent survey, about 70% 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 $1.6 billion. Developments such as the use of more highly automated technology, the growth of e-commerce, large-scale mergers and acquisitions, and increased outsourcing all suggest that operational risk exposures are substantial and growing. As a result, there is increased emphasis on the importance of sound operational risk management at financial institutions, and greater prominence of operational risk in banks' internal assessment and allocation processes. The banking industry is currently undergoing a surge of innovation and development in these areas. Should financial institutions be concerned with operational risks? If so, how should they be assessed and intelligently integrated with other risks? What best pratices have emerged for the measurement and management of operational risks? This book provides the first authoritative and up-to-date treatment of all these issues.

History

Publication status

  • Published

Publisher

Pearson Education Ltd.

Pages

368.0

Place of publication

Harlow

ISBN

9780273659662

Series

Professional Finance Series

Department affiliated with

  • Business and Management Publications

Notes

his is an edited book edited by Carol Alexander

Full text available

  • No

Peer reviewed?

  • Yes

Editors

Carol Alexander

Legacy Posted Date

2012-09-27

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