{"product_id":"operational-risk-management-9781119836049","title":"Operational Risk Management","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Definition and Drivers of Operational Risk 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Definition of Operational Risk 1\u003c\/p\u003e \u003cp\u003e2012 London Olympics: A Case Study 5\u003c\/p\u003e \u003cp\u003eOperational Risk Management and Operational Risk Measurement 9\u003c\/p\u003e \u003cp\u003eDrivers of Operational Risk Management 13\u003c\/p\u003e \u003cp\u003eKey Points 14\u003c\/p\u003e \u003cp\u003eReview Questions 14\u003c\/p\u003e \u003cp\u003eNotes 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Regulatory Push 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the Basel Accords 17\u003c\/p\u003e \u003cp\u003eRules of the Accords 22\u003c\/p\u003e \u003cp\u003eAdoption of Basel II in Europe 27\u003c\/p\u003e \u003cp\u003eAdoption of Basel II in the United States 27\u003c\/p\u003e \u003cp\u003eImpact of the Financial Crisis 29\u003c\/p\u003e \u003cp\u003eBasel III 34\u003c\/p\u003e \u003cp\u003eKey Points 36\u003c\/p\u003e \u003cp\u003eReview Questions 36\u003c\/p\u003e \u003cp\u003eNotes 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Operational Risk Framework 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of the Operational Risk Framework 39\u003c\/p\u003e \u003cp\u003eThe Foundations of the Framework 40\u003c\/p\u003e \u003cp\u003eThe Four Data Building Blocks 42\u003c\/p\u003e \u003cp\u003eMeasurement and Modeling 44\u003c\/p\u003e \u003cp\u003eReporting 44\u003c\/p\u003e \u003cp\u003eRisk Appetite 45\u003c\/p\u003e \u003cp\u003eKey Points 45\u003c\/p\u003e \u003cp\u003eReview Questions 46\u003c\/p\u003e \u003cp\u003eNote 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Operational Risk Governance 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRole of Governance 47\u003c\/p\u003e \u003cp\u003eFirst Line of Defense 50\u003c\/p\u003e \u003cp\u003eSecond Line of Defense 51\u003c\/p\u003e \u003cp\u003eThird Line of Defense 63\u003c\/p\u003e \u003cp\u003eRisk Committees 66\u003c\/p\u003e \u003cp\u003eKey Points 68\u003c\/p\u003e \u003cp\u003eReview Questions 69\u003c\/p\u003e \u003cp\u003eNotes 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Culture and Awareness 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWinning over the Firm 71\u003c\/p\u003e \u003cp\u003eMarketing and Communication 72\u003c\/p\u003e \u003cp\u003eAgile 73\u003c\/p\u003e \u003cp\u003eTraining 75\u003c\/p\u003e \u003cp\u003ePlanning 76\u003c\/p\u003e \u003cp\u003eThe “Use Test” 82\u003c\/p\u003e \u003cp\u003eKey Points 84\u003c\/p\u003e \u003cp\u003eReview Question 84\u003c\/p\u003e \u003cp\u003eNote 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Policies and Procedures 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of Policies, Procedures, Guidelines, and Standards 85\u003c\/p\u003e \u003cp\u003eBest Practices 88\u003c\/p\u003e \u003cp\u003eOperational Risk Policy 88\u003c\/p\u003e \u003cp\u003eSample Operational Risk Policy 89\u003c\/p\u003e \u003cp\u003eSample Standards, Procedures, and Guidelines 95\u003c\/p\u003e \u003cp\u003eKey Points 97\u003c\/p\u003e \u003cp\u003eReview Question 97\u003c\/p\u003e \u003cp\u003eNote 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Internal Operational Risk Event Loss Data 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperational Risk Event Data 99\u003c\/p\u003e \u003cp\u003eInternal Loss Data or Internal Operational Risk Events 100\u003c\/p\u003e \u003cp\u003eRisk Event Categories 103\u003c\/p\u003e \u003cp\u003eUsing the Basel Risk Categories 112\u003c\/p\u003e \u003cp\u003eMinimum Operational Risk Event Data Standards 113\u003c\/p\u003e \u003cp\u003eWhere Should Operational Risk Event Data Be Collected? 129\u003c\/p\u003e \u003cp\u003eWhen Should Operational Risk Event Data Be Collected? 130\u003c\/p\u003e \u003cp\u003eHow Should Operational Risk Event Data Be Collected? 130\u003c\/p\u003e \u003cp\u003eKey Points 132\u003c\/p\u003e \u003cp\u003eReview Questions 132\u003c\/p\u003e \u003cp\u003eNotes 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 External Loss Data 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExternal Operational Risk Event Data 135\u003c\/p\u003e \u003cp\u003eSources of External Loss Event Data 136\u003c\/p\u003e \u003cp\u003eChallenges of External Data 139\u003c\/p\u003e \u003cp\u003eKey Points 147\u003c\/p\u003e \u003cp\u003eReview Question 148\u003c\/p\u003e \u003cp\u003eNotes 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Key Risk Indicators 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Risk Indicators 149\u003c\/p\u003e \u003cp\u003eSelecting Kris 153\u003c\/p\u003e \u003cp\u003eThresholds 154\u003c\/p\u003e \u003cp\u003eKri Standards 154\u003c\/p\u003e \u003cp\u003eKri Challenges 155\u003c\/p\u003e \u003cp\u003eMetrics Examples 155\u003c\/p\u003e \u003cp\u003eKey Points 161\u003c\/p\u003e \u003cp\u003eReview Question 161\u003c\/p\u003e \u003cp\u003eNote 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Risk and Control Self-Assessments 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of Assessments 163\u003c\/p\u003e \u003cp\u003eRCSA Methods 166\u003c\/p\u003e \u003cp\u003eRCSA Scoring Methods 169\u003c\/p\u003e \u003cp\u003eRCSA Best Practices 173\u003c\/p\u003e \u003cp\u003eKey Points 178\u003c\/p\u003e \u003cp\u003eReview Question 179\u003c\/p\u003e \u003cp\u003eNote 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Scenario Analysis 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRole of Scenario Analysis 181\u003c\/p\u003e \u003cp\u003eScenario Analysis Approaches 183\u003c\/p\u003e \u003cp\u003eScenario Analysis Output 192\u003c\/p\u003e \u003cp\u003eKey Points 195\u003c\/p\u003e \u003cp\u003eReview Questions 195\u003c\/p\u003e \u003cp\u003eNotes 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Capital Modeling 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperational Risk Capital 197\u003c\/p\u003e \u003cp\u003eBasic Indicator Approach 199\u003c\/p\u003e \u003cp\u003eStandardized Approach 202\u003c\/p\u003e \u003cp\u003eAdvanced Measurement Approach 208\u003c\/p\u003e \u003cp\u003eInsurance 221\u003c\/p\u003e \u003cp\u003eFuture of Capital Requirements: Basel III 223\u003c\/p\u003e \u003cp\u003eKey Points 235\u003c\/p\u003e \u003cp\u003eReview Questions 236\u003c\/p\u003e \u003cp\u003eNotes 236\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Reporting 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRole of Reporting 239\u003c\/p\u003e \u003cp\u003eOperational Risk Event Reporting 241\u003c\/p\u003e \u003cp\u003eRisk and Control Self-Assessment Reporting 247\u003c\/p\u003e \u003cp\u003eKey Risk Indicator Reporting 248\u003c\/p\u003e \u003cp\u003eScenario Analysis Reporting 249\u003c\/p\u003e \u003cp\u003eCapital Reporting 249\u003c\/p\u003e \u003cp\u003eAction Tracking Reporting 250\u003c\/p\u003e \u003cp\u003eA Consolidated View 253\u003c\/p\u003e \u003cp\u003eDashboards 253\u003c\/p\u003e \u003cp\u003eKey Points 253\u003c\/p\u003e \u003cp\u003eReview Question 255\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Risk Appetite 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Role of Risk Appetite 257\u003c\/p\u003e \u003cp\u003eRegulatory Expectations 259\u003c\/p\u003e \u003cp\u003eImplementing a Risk Appetite Framework 264\u003c\/p\u003e \u003cp\u003eMonitoring Operational Risk Appetite 268\u003c\/p\u003e \u003cp\u003eRisk Appetite Today 272\u003c\/p\u003e \u003cp\u003eKey Points 272\u003c\/p\u003e \u003cp\u003eReview Question 273\u003c\/p\u003e \u003cp\u003eNotes 273\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Reputational Risk and Operational Risk 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Reputational Risk? 275\u003c\/p\u003e \u003cp\u003eReputational Impact 277\u003c\/p\u003e \u003cp\u003eRegulatory Oversight of Reputational Risks 283\u003c\/p\u003e \u003cp\u003eReputational Risk Management Framework 284\u003c\/p\u003e \u003cp\u003eKey Points 289\u003c\/p\u003e \u003cp\u003eReview Question 289\u003c\/p\u003e \u003cp\u003eNotes 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Operational Risk and Convergence 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOperational Risk as a Catalyst for Convergence 291\u003c\/p\u003e \u003cp\u003eGovernance, Risk, and Compliance (GRC) 292\u003c\/p\u003e \u003cp\u003eConverged or GRC Reporting 301\u003c\/p\u003e \u003cp\u003eKey Points 302\u003c\/p\u003e \u003cp\u003eReview Question 303\u003c\/p\u003e \u003cp\u003eNotes 303\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Best Practices in Related Risk Management Activities 305\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNew-Product Approval 305\u003c\/p\u003e \u003cp\u003eSupplier and Third-Party Risk Management 306\u003c\/p\u003e \u003cp\u003eLegal Risk Management 307\u003c\/p\u003e \u003cp\u003eRegulatory Risk Management 308\u003c\/p\u003e \u003cp\u003ePeople Risk Management 308\u003c\/p\u003e \u003cp\u003eFraud Risk Management 309\u003c\/p\u003e \u003cp\u003eTechnology Risk Management 310\u003c\/p\u003e \u003cp\u003eClimate Risk 311\u003c\/p\u003e \u003cp\u003ePandemic Planning 312\u003c\/p\u003e \u003cp\u003eStrategic Risk 314\u003c\/p\u003e \u003cp\u003eKey Points 316\u003c\/p\u003e \u003cp\u003eReview Question 317\u003c\/p\u003e \u003cp\u003eNotes 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Case Studies 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJPMorgan Whale: Risky or Frisky? 319\u003c\/p\u003e \u003cp\u003eReview Questions 324\u003c\/p\u003e \u003cp\u003eNotes 339\u003c\/p\u003e \u003cp\u003eAppendix: Answers to Review Questions 341\u003c\/p\u003e \u003cp\u003eAbout the Author 351\u003c\/p\u003e \u003cp\u003eAbout the Website 353\u003c\/p\u003e \u003cp\u003eIndex 355\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407167005015,"sku":"9781119836049","price":63.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119836049.jpg?v=1730498406","url":"https:\/\/bookcurl.com\/products\/operational-risk-management-9781119836049","provider":"Book Curl","version":"1.0","type":"link"}