Managing Operational Risk

Risk Management:

Visiongain
Management Report June 2004

MANAGING OPERATIONAL RISK provides you with the definitive insight into the development of operational risk management within the risk management framework of the banking and investments industry. Visiongain have delivered a 1-stop-shop report offering you the most illustrative, robust and systematic information within the operational risk management field. This report provides the essential background and foundation for those who wish to have a more rigorous and holistic understanding of: e. How operational risk is defined; the extensive and non-exhaustive of losses that are both included and omitted. f. How operational risk can be deconstructed in terms of risk, loss, probability, failure,threats & risk profiles etc. g. Its role as a tool for pre-empting operational risk events and a vehicle for maintaining market confidence. h. How it can protecting consumer interests and reduce financial crime. i. How the code of operational risk practises impacts on the banking and investment industry. j. The guidance procedures for identifying, assessing, monitoring, controlling and mitigating operational risk. k. The QIS studies, conducted by the RMG. PLUS this report analysis The three established approaches for measuring operational risk for capital allocation purposes, and the standard of operational risk management mechanisms that need to be in place to qualify for the more sophisticated approaches of measurement and the concurrent reduction in capital liability associated with the more advanced perspectives. This report provides you with the most detailed and comprehensive analysis of the content and impact of the following codes of practice provided by: - The Basel Committee on Banking Supervision. - The Basel Capital Accord 1988. - Core Principles for Effective Banking Supervision (1997). - Operational Risk Management (1998). - New Capital Adequacy Framework (1999). - Core Principles Methodology (1999). - Regulatory Treatment of Operational Risk (2001). - Sound Practices for the Management and Supervision of Operational Risk (2003). - The Risk Management Group’s suggestions, methodology and examination of operational losses within the industry,contained in three separate industry Quantitative Impact Studies. The FSA, as contained within CP142, which has subsequently resulted in amendments and appendages to: - Sections 2, 3 and 3A of Senior Management Arrangement Systems and Controls (SYSC). - PRAG 6 within PRU 6.1. • Corporate governance principles, as embodied in the Turnbull Report and Combined Code, regarding board restructuring to maintain the best interests of the company and to avoid conflicts of interest, collusion, wrongful trading and other forms of financial crime, resulting from a misapplication. • The European Commission, as described by the Association of Private Client Investment Management and Stockbrokers (APCIMS) and the European Association of Securities Dealers (EASD), in the: - Working Document of the Commission Services on Capital Requirements for Credit Institutions and Investment Firms. With special focus on Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, Sweden, Switzerland, UK, Canada, Japan and the US, this report is designed especially for your needs.

For full details, please email keithw@cmsinfo.com

Order Form

CMS, P&A House, Alma Road, Chesham, Bucks. HP5 3HB, UK
Tel: +44 (0)1494 771734
Fax: +44 (0)1494 778994
e-mail: keithw@cmsinfo.com

For more information about us, visit CMS Businessinfo.