Operational Risk: Practical Approaches to Implementation

Authors: Edited by Ellen Leander Davis
Editions: Risk Books
Pages: 360 pages
Date: March 2005
Topical, innovative and highly practical, this powerful new resource from Risk Books will help you successfully develop and enhance the operational risk function in your firm.

Edited by Ellen Leander Davis, the editor of Operational Risk magazine, this book collates the work of the leading experts in the field. There is no more up-to-date and authoritative title on this subject and anyone charged with implementing or understanding an operational risk management programme at a financial firm will find it essential reading. All the key issues, from loss data collection, to loss mitigation strategies are covered in this time-saving volume.

  • 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 including: Marco Moscadelli, Marcus Haas, Thomas Kaiser and Maurits Bakker. Jean-René Giraud, CEO of EDHEC-Risk Advisory at the time of writing and currently Research Associate with EDHEC-Risk Institute, was also one of the contributors.

  • 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 sections:

    • 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.

    • 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.

    • 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.

    • 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.

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