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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. "
Global Development Finance 2004 - The Changing Face of Finance: Analysis and ... - Page 59
2004 - 232 pages
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Introduction to Structured Finance

Frank J. Fabozzi, Henry A. Davis, Moorad Choudhry - 2007 - 400 pages
...will require banks following Basel II to set aside capital to cover operational risk, the risk of loss from inadequate or failed internal processes, people, and systems or from external events — including legal risk but excluding strategic or reputational risk. A bank operating under the advanced...
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Risk, Complexity and ICT

Ole Hanseth, Claudio Ciborra - 2007 - 225 pages
...2 consultative documents define operational risk as 'the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events' (Basel Committee, 2001 , par. 6). In this respect operational risk is an organizational concept that...
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Managing Business Complexity: Discovering Strategic Solutions with Agent ...

Michael J. North, Charles M. Macal - 2007 - 328 pages
...has many definitions, but a good working definition is the "risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems, or from external events" (Harmantzis 2003). OpRisk is the risk associated with everything other than market risk and credit...
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Encyclopedia of E-Collaboration

Kock, Ned - 2007 - 750 pages
...developments. BACKGROUND An operational risk can be defined as the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events (RMA, 2000). The management of OR involves a multitude of techniques that serve two main purposes:...
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Operations Risk: Managing a Key Component of Operational Risk

David Loader - 2011 - 192 pages
...definitions Risk of operational risk. The Basel Committee defines it as "the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events". Most organizations would add in "loss of reputation" . Operations Risk Systems Risk Settlement Risk...
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Advances in Banking Technology and Management: Impacts of ICT and CRM ...

Ravi, Vadlamani - 2007 - 380 pages
...problems. According the Basel Committee, operational risk is defined as "the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events." This kind of risk is most difficult to anticipate and hence manage because of its unpredictable nature....
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Operations Research Proceedings 2006: Selected Papers of the Annual ...

Karl-Heinz Waldmann, Ulrike M. Stocker - 2007 - 616 pages
...up with a capital charge. Under Basel II, Operational Risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk, but excludes strategic and reputational risk. In this talk I will...
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CISO Leadership: Essential Principles for Success

Todd Fitzgerald, Micki Krause - 2007 - 312 pages
...have to do with being a successful security executive? Operational risk is "the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events, including loss related to legal risk." Besides technology risk, operational risk can include areas...
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Understanding Autonomous Cooperation and Control in Logistics: The Impact of ...

Michael Hülsmann, Katja Windt - 2007 - 417 pages
...deviation between plan and reality (Hess and Werk 1995). • Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events (Nash 2003). These are the so called asymmetric approaches of risk because the appearance of risk is...
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Supply Chain Risk Management: Minimizing Disruptions in Global Sourcing

Robert Handfield, Kevin P. McCormack - 2007 - 136 pages
...should a claim be filed. Operational Risk Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events (www.riskglossary.com). This also includes fraud or theft. With SarbanesOxley (SOX), this area has...
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