A Short Guide to Operational Risk

Author: David Tattam

Publisher: Routledge

ISBN: 1351961667

Category: Business & Economics

Page: 256

View: 3925

There is a growing awareness across both public and private sectors, that the key to embedding an effective risk culture lies in raising the general education and understanding of risk at every level in the organization. This is exactly the purpose of David Tattam's book. A Short Guide to Operational Risk provides you with a basic yet comprehensive overview of the nature of operational risk in organizations. It introduces operational risk as a component of enterprise wide risk management and takes the reader through the processes of identifying, assessing, quantifying and managing operational risk; explaining the practical aspects of how these steps can be applied to an organization using a range of management tools. The book is fully illustrated with graphs, tables and short examples, all designed to make a subject that is often poorly understood, comprehensible and engaging. A Short Guide to Operational Risk is a book to be read and shared at all levels of the organization; it offers a common understanding and language of risk that will provide individual readers with the basis to develop risk management skills, appropriate to their role in the business.
Posted in Business & Economics

A Short Guide to Reputation Risk

Author: Mr Garry Honey

Publisher: Gower Publishing, Ltd.

ISBN: 1409458474

Category: Business & Economics

Page: 130

View: 2575

Does your organization have a good or bad reputation, and who takes responsibility for it? Whether viewed as an intangible asset or potential liability, damage to reputation can be costly. In the private sector loss of investor confidence can dent corporate value; in the public sector loss of public trust can lead to political change. How can anyone protect reputation from damage? These are just some of the questions answered by the guide, designed for business leaders. Also covered is a debate about whether reputation is an operational or strategic risk, whether it should be noted in a risk register, and of course how best to measure reputation value. This guide will show you how to: - Identify the value of your reputation and mitigate risk of damage to this value. - Measure your reputation as an intangible asset and part of intellectual capital. - Manage the drivers of reputation effectively within your organization. - Report reputation risk management to inspire confidence among stakeholders. Reputation risk is relevant to not just Directors of Risk but also Communication, Compliance, and Personnel. Whatever your interest in the subject, A Short Guide to Reputation Risk provides a shorthand route to understanding the context and key features of this subject.
Posted in Business & Economics

A Short Guide to Fraud Risk

Fraud Resistance and Detection

Author: Helenne Doody,Mr Martin Samociuk,Mr Nigel Iyer

Publisher: Gower Publishing, Ltd.

ISBN: 1409458717

Category: Business & Economics

Page: 196

View: 7784

A Short Guide to Fraud Risk is for: ∗ anyone who needs to better understand fraud risks, either company-wide, or in a specific business unit; ∗ directors and managers who would like to add value by building fraud resistance into their organization and to demonstrate to shareholders, regulators or other stakeholders that they are managing fraud risks, rather than just reacting to incidents; ∗ regulators, auditors and compliance professionals who need to assess the effectiveness of an organisation's fraud prevention measures. The book gives a concise but thorough introduction to the risk of fraud based on a six-element strategy. It includes practical steps to assess and treat fraud risks across an organisation, including those relating to executive directors. It also provides practical steps to develop fraud awareness across an organisation and how to implement an effective fraud detection and incident management program. The application of the principles is illustrated with example documents and numerous case studies aimed at assisting the reader to implement either individual elements or a complete fraud risk management strategy.
Posted in Business & Economics

A Short Guide to Political Risk

Author: Robert McKellar

Publisher: Routledge

ISBN: 1351961632

Category: Political Science

Page: 198

View: 8244

In a competitive and increasingly internationalised business world, many companies rely on the high risk/reward ratio of operating in unstable areas. Those companies willing to engage in emerging or developing countries can often be exposed to a politically volatile environment over which they have little control. Political risk, therefore, is one of the most hazardous challenges that an international business can face. In A Short Guide to Political Risk you will find a business-centric introduction to political risk that will familiarise international managers with the concept and accelerate the learning curve towards proficient and coherent political risk management. Robert McKellar explores: the key political risks that companies have faced in the recent past, and current trends in the evolution of the political risk landscape; the concept of political risk and its constituent elements; models and approaches for assessing political risk; the principal options for managing political risk, and suggestions for organisational structures to ensure a coherent and consistent approach; as well as wider issues that a company needs to consider in developing its own attitude and philosophy on political risk. A Short Guide to Political Risk is an essential introductory guide for risk managers and for all senior managers concerned with their organisation's global performance and reputation.
Posted in Political Science

A Short Guide to Ethical Risk

Author: Carlo Patetta Rotta

Publisher: Gower Publishing, Ltd.

ISBN: 9780566091728

Category: Business & Economics

Page: 144

View: 3884

Written by a professional with diverse international experience in auditing and fraud, this guide provides an overview of the most significant theories of ethics that have impacted today's business world. It identifies the risks arising from a lack of attention to ethics, particularly in relation to governance, due diligence, reckless business models and other activity that increases exposure to fraud and corruption.
Posted in Business & Economics

A Short Guide to Procurement Risk

Author: Richard Russill

Publisher: Gower Publishing, Ltd.

ISBN: 9780566092183

Category: Business & Economics

Page: 132

View: 9666

Increasingly, top executives view supply markets as sources of competitive advantage and as means of achieving strategic objectives. Procurement is the management activity that makes this happen, and this process depends on a superior risk management capability if it is be effective. Yet, despite its importance, Procurement Risk Management is surprisingly under-developed. Recent Global Risk surveys have pinpointed Supply Chain Vulnerability as one of the four key global risks for the next decade. What is less well known is that this is only half of the story ... risk exposures also exist inside the company and can be just as damaging. No company is an island; it needs suppliers as well as customers. Conventional wisdom puts great emphasis on managing certain aspects of business such as customers; operations; strategy and finances. Typically, however, much less regard is paid to external suppliers and the risks present in dealing with them. As a minimum, suppliers are the sources of materials, services and expert attention which enable the company to feed its business model. When done well, a risk-aware procurement process provides the bonus of competitive advantage, plus, the ability to capitalise on the occurrence of unexpected events. This short guide explains just how to do it. Each chapter explores the topic in hand, outlines the risks and the remedies available and offers guidance on the principles and risk prevention.
Posted in Business & Economics

A Short Guide to Risk Appetite

Author: Ms Ruth Murray-Webster,Dr David Hillson

Publisher: Gower Publishing, Ltd.

ISBN: 1409484637

Category: Business & Economics

Page: 162

View: 6782

Risk appetite is a hot topic, driven both by corporate governance requirements and senior managers’ need to make risk-based decisions. But despite the high level of interest, there is no consensus on what risk appetite is, how it should be expressed or measured, or how it can be practically used in business or projects. In A Short Guide to Risk Appetite David Hillson and Ruth Murray-Webster cut through the confusion to produce clear definitions and simple guidelines, helping us to answer the important question: ‘How much risk should we take?
Posted in Business & Economics

Guide to Optimal Operational Risk and BASEL II

Author: Ioannis S. Akkizidis,Vivianne Bouchereau

Publisher: CRC Press

ISBN: 1420031147

Category: Computers

Page: 440

View: 8626

Guide to Optimal Operational Risk and Basel II presents the key aspects of operational risk management that are also aligned with the Basel II requirements. This volume provides detailed guidance for the design and implementation of an efficient operational risk management system. It contains all elements of assessment, including operational risk identification, measurement, modeling, and monitoring analysis, along with evaluation analysis and the estimation of capital requirements. The authors also address the managing and controlling of operational risks including operational risk profiling, risk optimization, cost & optimal resource allocation, decision-making, and design of optimal risk policies. Divided into four parts, this book begins by introducing the idea of operational risks and how they affect financial organizations. This section also focuses on the main aspects of managing operational risks. The second part focuses on the requirements of an operational risk management framework according to the Basel II Accord. The third part focuses on all stages of operational risk assessment, and the fourth part focuses on the control and management stages. All of these stages combine to implement efficient and optimal operational risk management systems.
Posted in Computers

Financial Risk Management

A Practitioner's Guide to Managing Market and Credit Risk

Author: Steve L. Allen

Publisher: John Wiley & Sons

ISBN: 1118231643

Category: Business & Economics

Page: 608

View: 1266

A top risk management practitioner addresses the essentialaspects of modern financial risk management In the Second Edition of Financial Risk Management +Website, market risk expert Steve Allen offers an insider'sview of this discipline and covers the strategies, principles, andmeasurement techniques necessary to manage and measure financialrisk. Fully revised to reflect today's dynamic environment and thelessons to be learned from the 2008 global financial crisis, thisreliable resource provides a comprehensive overview of the entirefield of risk management. Allen explores real-world issues such as proper mark-to-marketvaluation of trading positions and determination of needed reservesagainst valuation uncertainty, the structuring of limits to controlrisk taking, and a review of mathematical models and how they cancontribute to risk control. Along the way, he shares valuablelessons that will help to develop an intuitive feel for market riskmeasurement and reporting. Presents key insights on how risks can be isolated, quantified,and managed from a top risk management practitioner Offers up-to-date examples of managing market and creditrisk Provides an overview and comparison of the various derivativeinstruments and their use in risk hedging Companion Website contains supplementary materials that allowyou to continue to learn in a hands-on fashion long after closingthe book Focusing on the management of those risks that can besuccessfully quantified, the Second Edition of FinancialRisk Management + Websiteis the definitive source for managingmarket and credit risk.
Posted in Business & Economics

Preventing Financial Chaos: An International Guide to Legal Rules and Operational Procedures for Handling Insolvent Banks

Author: Robert L. Ramsey,John W. Head

Publisher: Kluwer Law International B.V.

ISBN: 9041188487

Category: Law

Page: 188

View: 6757

There is a fundamental reason, the authors of this book contend, why national financial systems falter and collapse: the failure of central banks and other supervisory authorities to deal promptly and decisively with insolvent banks. In Preventing Financial Chaos, Ramsey and Head, both well-known to the international banking community for their restructuring services in developing and transitional economies, take a no-nonsense attitude and show exactly how to usher a problem bank out of the financial system in any country. Their clearly defined rules and procedures build disciplined, competent action that activates political will and successfully curtails systemic chaos. With this nuts-and-bolts guide, policymakers, legislators, central bank officials, and representatives of international financial institutions will be able to achieve the following: recognize, monitor and resolve bank failures; conduct timely and orderly closing of problem banks; and develop national legislation to prevent the spread of bank insolvency. The authors' firmly-held convictions about which choices should be made and why is sure to launch an important debate among lawyers, bankers and academics--a debate which will inevitably focus much-needed attention on one of the most urgent problems in today's interdependent world economic order.
Posted in Law

A Guide To The Project Management Body Of Knowledge (Pmbok(r) Guide) (German)

Author: N.A

Publisher: N.A

ISBN: 9781628251883

Category: Business & Economics

Page: 756

View: 4537

The PMBOK(R) Guide - Sixth Edition - PMI's flagship publication has been updated to reflect the latest good practices in project management. New to the Sixth Edition, each knowledge area will contain a section entitled Approaches for Agile, Iterative and Adaptive Environments, describing how these practices integrate in project settings. It will also contain more emphasis on strategic and business knowledge--including discussion of project management business documents--and information on the PMI Talent Triangle(TM) and the essential skills for success in today's market.
Posted in Business & Economics

Risikomanagement

Banken, Versicherungen und andere Finanzinstitutionen

Author: John Hull

Publisher: Pearson Deutschland GmbH

ISBN: 9783868940435

Category: Financial institutional

Page: 616

View: 6713

Posted in Financial institutional

Liquidity Risk Measurement and Management

A Practitioner's Guide to Global Best Practices

Author: Leonard Matz,Peter Neu

Publisher: John Wiley & Sons

ISBN: 0470821825

Category: Business & Economics

Page: 350

View: 4392

Major events such as the Asian crisis in 1997, the Russian default on short-term debt in 1998, the downfall of the hedge fund long-term capital management in 1998 and the disruption in payment systems following the World Trade Center attack in 2001, all resulted in increased management’s attention to liquidity risk. Banks have realized that adequate systems and processes for identifying, measuring, monitoring and controlling liquidity risks help them to maintain a strong liquidity position, which in turn will increase the confidence of investors and rating agencies as well as improve funding costs and availability. Liquidity Risk Measurement and Management: A Practitioner’s Guide to Global Best Practices provides the best practices in tools and techniques for bank liquidity risk measurement and management. Experienced bankers and highly regarded liquidity risk experts share their insights and practical experiences in this book.
Posted in Business & Economics

Mastering Derivatives Markets

A Step-by-step Guide to the Products, Applications and Risks

Author: Francesca Taylor

Publisher: Pearson Education

ISBN: 9780273709787

Category: Business & Economics

Page: 426

View: 8273

Mastering Derivatives Markets is the most widely read book on the general derivatives market, and is read by everyone from bankers and brokers to journalists. The latest edition once again offers a comprehensive overview of everything a professional investor needs to know regarding the derivative process and its instruments. These include recent derivative changes, and explanations into options, swaps and futures across the key asset classes of rates, currency, equity, commodity and credit. In support of this, it also covers newer and more complex tools such as credit derivatives, and answers the following questions: bull; What happens after the deal is done? bull; What is benchmarking? bull; How does STP work in this market? bull; What are electronic templates? bull; How is technology evolving? bull; How do the new accounting regulations work, IAS 39, FASB 133? bull; How will MiFID affect what we do? This book is your passport to derivative success. Don't enter the market without it.
Posted in Business & Economics

Operational Risk with Excel and VBA

Applied Statistical Methods for Risk Management, + Website

Author: Nigel Da Costa Lewis

Publisher: John Wiley & Sons

ISBN: 0471662089

Category: Business & Economics

Page: 320

View: 2388

A valuable reference for understanding operational risk Operational Risk with Excel and VBA is a practical guide that only discusses statistical methods that have been shown to work in an operational risk management context. It brings together a wide variety of statistical methods and models that have proven their worth, and contains a concise treatment of the topic. This book provides readers with clear explanations, relevant information, and comprehensive examples of statistical methods for operational risk management in the real world. Nigel Da Costa Lewis (Stamford, CT) is president and CEO of StatMetrics, a quantitative research boutique. He received his PhD from Cambridge University.
Posted in Business & Economics

A Risk Professionals Survival Guide

Applied Best Practices in Risk Management

Author: Clifford Rossi

Publisher: John Wiley & Sons

ISBN: 1118953045

Category: Business & Economics

Page: 528

View: 8536

Balanced, practical risk management for post – financial crisis institutions A Risk Professional's Survival Guide fills a critical gap left by existing risk management texts. Instead of focusing only on quantitative risk analysis or only on institutional risk management, this book takes a comprehensive approach. The disasters of the recent financial crisis taught us that managing risk is both an art and a science, and it is critical for practitioners to understand how individual risks are integrated at the enterprise level. This book is the only resource of its kind to introduce all of the key risk management concepts in a cohesive case study spanning each chapter. A hypothetical bank drawn from elements of several real world institutions serves as a backdrop for topics from credit risk and operational risk to understanding big-picture risk exposure. You will be able to see exactly how each rigorous concept is applied in actual risk management contexts. This book includes: Supplemental Excel-based Visual Basic (VBA) modules, so you can interact directly with risk models Clear explanations of the importance of risk management in preventing financial disasters Real world examples and lessons learned from past crises Risk policies, infrastructure, and activities that balance limited quantitative models This book provides the element of hands-on application necessary to put enterprise risk management into effective practice. The very best risk managers rely on a balanced approach that leverages every aspect of financial operations for an integrative risk management strategy. With this book, you can identify and control risk at an expert level.
Posted in Business & Economics

Understanding International Counter Terrorism

A Professional's Guide to the Operational Art

Author: A. Hunsicker

Publisher: Universal-Publishers

ISBN: 158112905X

Category: Political Science

Page: 476

View: 3297

Understanding of Operational Counter Terrorism is one serious effort to lay out a comprehensive strategy of how to deal with a whole gamut of possible terrorist incidents by using a language that any person or first responders like policemen, security personnel, firemen, paramedics, etc. can understand. This guide covers everything from bombings and hostage- taking, to NBC (Nuclear, Biological and Chemical) Terrorism, what needs to be done before, during, and after an event. This manual combines what minimally needs to be understood about Operational Counter- Terrorism by the government- level policy maker, while at the same time helping the personnel on the first responder level who are planning to cope with what must at least initially seem like an overwhelming attack. Terrorism is global and any part of this guide can easily be adapted and translated to any region, law and government in the world. This manual should make clear that the only way, to effectively deal with terrorism is to have a thorough understanding of its present-day characteristics such as who is involved and what weapons and tactics are the terrorists likely to be using. The players on the Counter- Terrorism team need to take stock of what is in their tool boxes; what works and what is required; what new capabilities need to be developed in order to face not only today's terrorist, but also tomorrow's as well.
Posted in Political Science

Derivatives Demystified

A Step-by-Step Guide to Forwards, Futures, Swaps and Options

Author: Andrew M. Chisholm

Publisher: John Wiley & Sons

ISBN: 0470971541

Category: Business & Economics

Page: 288

View: 8242

Derivatives are everywhere in the modern world and it is important for everyone in banking, investment and finance to have a good understanding of the subject. Derivatives Demystified provides a step-by-step guide to the subject, enabling the reader to have a solid, working understanding of key derivative products. Adopting a highly accessible approach, the author explains derivative products in straightforward terms and without the complex mathematics that underlie the subject, focusing on practical applications, case studies and examples of how the products are used to solve real-world problems. Derivatives Demystified follows a sequence that is designed to show that, although there are many applications of derivatives, there are only a small number of basic building blocks, namely forwards and futures, swaps and options. The book shows how each building block is applied to different markets and to the solution of various risk management and trading problems. This new edition will be fully revised to reflect the many changes the derivatives markets have seen over the last three years. New material will include a comprehensive history of derivatives, leading up to their use and abuse in the current credit crisis. It will also feature new chapters on regulation and control of derivatives, commodity derivatives, credit derivatives and structured products and new derivative markets including inflation linked and insurance linked products. Derivatives Demystified is essential reading for everyone who operates in the financial markets or within the corporate environment who requires a good understanding of these important financial instruments.
Posted in Business & Economics

Investor's Guide to Analyzing Companies and Valuing Shares

How to Make the Right Investment Decision

Author: Michael Cahill

Publisher: Pearson Education

ISBN: 9780273663638

Category: Business & Economics

Page: 278

View: 7695

Getting to the real value of a business and assessing what are its shares really worth suddenly looks less clear cut. In an investment environment that is extremely challenging even for experienced City professionals, doing your homework has never been more important. And with the current accounting scandals rocking confidence and the markets being able to accurately value copmpanies, stock has just taken on a whole new dimension. The book goes beyond investment ratios to explore what these ratios tell us about the company as an investment or what the ratios tell us about the stock market's assessment of the company and it's prospects.
Posted in Business & Economics