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| MANAGING OPERATIONAL RISK IN FINANCIAL MARKETS
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To order this title, and for more information, click here
By
Amanat Hussain, Independent management consultant
Description
Risk Management is one of the biggest issues facing the financial markets today. 'Managing Operational Risk in Financial Markets' outlines
the major issues for risk management and focuses on operational risk as a key activity in managing risk on an enterprise-wide basis.
While risk management had always been an integral part of financial activity, the 1990s has seen the requirement for risk management
establish itself as a key function within banks and other financial institutions. With greater emphasis on ensuring that money is not
lost through adverse market conditions, counterparty failure or inappropriate controls, systems or people, risk management has become
a discipline in its own right. Managing risk is now THE paramount topic within the financial sector. Recurring major losses through
the 1990s has shocked financial institutions into placing much greater emphasis on risk management and controls. The collapse of Barings
and losses made by Metallgescellschaft, Orange County, Diawa and Sumitomo as a result of a lack of procedures, systems or managerial
control has demonstrated to organisations the need to broaden the scope of their risk management activity from merely looking at market
and credit risk. This has brought into focus the need for managing operational risk. Operational risk can only be managed on an enterprise
wide basis as it includes the entire process of policies, culture, procedures, expertise and systems that an institution needs in order
to manage all the risks resulting from its financial transactions. In fact, in order to effectively manage market and credit risks it
is necessary to have the relevant skills and expertise in the staff, technical and organisational infrastructure, as well as monitoring
and control systems. As all of these are components of operational risk, it then becomes apparent that an integrated risk management
approach needs to focus on operational risk.
Audience
Professionals in the financial sector, for example managers, risk management professionals, IT professionals, and trading and operations staff.
Contents
Introduction; Financial losses in past years; Introduction to derivatives; Operational risk survey; Operations cultural model; Risk spectrum;
Managing operational risk; Business process reengineering; Learning organisation; Change management; New role for operations; Enterprise-wide
risk management; Role of technology; Operational risk model; Conclusions; Glossary; Appendix; Bibliography.
| Bibliographic details |
Hardbound, 288 pages, publication date: MAY-2000
ISBN-13: 978-0-7506-4732-8
ISBN-10: 0-7506-4732-9
Imprint: BUTTERWORTH HEINEMANN
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| Price and Ordering |
Price:
EUR 86.95
USD 118
GBP 74
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Last update: 7 Sep 2009
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