By Aldo Soprano, Bert Crielaard, Fabio Piacenza, Daniele Ruspantini
How one can practice operational chance thought to real-life banking info. Modelling Operational and Reputational dangers exhibits practitioners the easiest versions to exploit in a given state of affairs, in line with the kind of danger a firm is dealing with. in response to large utilized learn on operational danger types utilizing genuine financial institution datasets, it deals quite a lot of a number of trying out versions and becoming innovations for financial practitioners. With this booklet, execs can have a origin for measuring and predicting those vital intangibles. Aldo Soprano (Madrid, Spain) is crew Head of operational danger manag. �Read more...
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Additional info for Measuring operational and reputational risk : a practitioner's approach
We treat fraud perpetrated by external financial agents working on an exclusive contract with one bank as internal, even though, technically, this is external fraud. There are so many cases of external fraud that it is often considered the stereotype of operational risk: we found that cases of fraud are often boundary cases with credit risk. External fraud in Basel 2 is defined as losses originating from stolen or misappropriated property or action breaching the law perpetrated by a third party, without an internal accomplice.
We separate the branch network exposures, as these are exposed to typically high-frequency, low-severity damage, from the corporate headquarters. Major source of operational risk arises from business disruption and IT system failures, operational losses related to information technology, related or caused by software or hardware problems. For such events, severity is often difficult to quantify, as they are tied to internal resources such as help desks and maintenance teams, and costs are directly billed or attributed to the affected function/unit as part of an overall service P1: JYS c02 JWBK346-Soprano 16 February 11, 2009 22:33 Printer: Yet to come Measuring Operational and Reputational Risk level agreement rather than on a one-by-one basis.
A database must keep track of a company’s ownership changes and business restructuring – the operational risk manager ought to maintain and file standardized documentation describing changes that have occurred together with any adjustment, such as scaling applied, rationale for intervening; 2. the time series aggregating date, when data from two or more companies are merged into another database, must also be reported and the original series must be traceable; P1: JYS c02 JWBK346-Soprano 14 February 11, 2009 22:33 Printer: Yet to come Measuring Operational and Reputational Risk 3.
Measuring operational and reputational risk : a practitioner's approach by Aldo Soprano, Bert Crielaard, Fabio Piacenza, Daniele Ruspantini