 | Michael Power - 2004 - 74 pages
...policy body for banking supervision, is very general: the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events.45 The broad nature of this definition means that the concept of operational risk can appeal... | |
 | Philip Booth, Robert Chadburn, Steven Haberman, Dewi James, Zaki Khorasanee, Robert H. Plumb, Ben Rickayzen - 2004 - 848 pages
...clearly, and there have been several variations; perhaps the most useful is "the risk of loss, resulting from inadequate or failed internal processes, people and systems or from external events" (see Financial Services Authority (FSA) Integrated Prudential Sourcebook, www.fsa.gov.uk. FSA). A simple... | |
 | Andy Jones, Debi Ashenden - 2005 - 298 pages
...Banking Supervision has defined operational risks as "the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events." Approach to Risk Management The insurance industry has a long experience of managing risks. They have... | |
 | Johannes Voit - 2005 - 385 pages
...this book. Pillar 1: Operational Risk Basel II defines operational risk as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events [238]. It includes legal risk but excludes reputational, business and strategic risk. Operational risk... | |
 | Jonathan Reuvid - 2005 - 268 pages
...risks to which all firms are exposed. Operational risk has been described as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Over recent years potential operational risks have become more and more prominent, partly as a result... | |
 | Hal S. Scott - 2005 - 354 pages
...refer to all sources of nonfinancial risk but defines operational risk as "the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events" (BCBS 200 Ib, p. 2). This definition is underinclusive in two key respects: First, it ignores business... | |
 | United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs - 2005 - 556 pages
...ftuctuatiaru In Interest rates: and operational risk includes the possibility of financial loss resulting from inadequate or failed Internal processes, people and systems, or from external events .Office of Federal Housing Enterprises Oversight• Systemic Risk Fannie Mae. Frtddit Mac, arui iitt.RoleofOFHEO.... | |
 | David Loader - 2005 - 272 pages
...Operational risk is defined by the Basel Committee on Banking Supervision as being the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Given that derivatives have certain characteristics that not only make them risk management tools but... | |
 | Svetlozar T. Rachev, Christian Menn, Frank J. Fabozzi - 2005 - 369 pages
...Operational risk is defined in the Basel II Capital Accord (Basel II) as "the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events" (Basel Committee on Banking Supervision, 2001b). Operational risks affect the risk profiles of financial... | |
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Supervision (2006) defines operational risk as "the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. 
