Operational Risk 2.0

Driving value creation in a post-Basel II era

Publication Date	September 2007
Publisher	Risk Books
Product Type	Book
Pages	328
ISBN Number	9781904339878
Product Code	RIS00373

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Summary

The discipline of operational risk is at a crossroads. Common questions currently asked include: How does the discipline add value to my organisation? What does the advanced measurement approach's modelling techniques say about the op risks my firm is facing? What is the strategic role of operational risk my firm should adopt?

Operational Risk 2.0 is recommended for operational risk professionals assessing the development of both the discipline and their careers. This pioneering guide presents the current thinking on how operational risk will develop and provides you with practical techniques and advice on:

Improving data and control self-assessment programmes;
The relationship between op risk and an enterprise risk framework;
Developing a value-adding op risk governance structure;
Taking your firm's AMA to the next evolutionary stage.

It will also help you to follow the lead of firms such as Lloyds TSB, JP Morgan and DBS, who are already embracing the use of improved management concepts and techniques. Real-life case studies help readers relate the concepts discussed to their own experiences and firm structures. Advice and insight from regulatory executives such as the US's FDIC and Germany's Bundesbank are also included.

This multi-contributor book consists of 15 chapters from a wide range of thought-leaders from around the world including Him Chuan Lim, Eric Holmquist, Johannes Voit, Jeremy Quick, and Ashish Dev. Each chapter addresses a particular subject with both theory and practical advice that you will be able to implement in your own firm.

Operational Risk 2.0 represents the logical next step in the evolution of operational risk management as a discipline.

Content

Introduction
- Ellen Davis
- OpRisk & Compliance
Part I: Where Is Operational Risk Today?
- 1 Operational Risk Management - The View from the Trenches
  - Angus Grandfield
  - JPMorgan
- 2 The Advanced Measurement Approach - Finishing IT
  - Jeremy Quick
  - Guernsey Financial Services Commission
- 3 Consistent Quantitative Operational Risk Measurement and
  - Regulation: Challenges of Model Specification, Data Collection
  - and Loss Reporting
  - Andreas A. Jobst
  - International Monetary Fund, Monetary and Capital Markets
  - Department
Part Ii: Extracting Value from The Ama
- 4 Challenges in AMA Implementation: Finding a Balance
  - between Regulatory and Internal Requirements
  - Karsten Stickelmann
  - Deutsche Bundesbank
- 5 How to Create Value from Loss Data Pooling
  - Johannes Voit
  - Deutscher Sparkassen- und Giroverband
- 6 beyond Regulatory Compliance - Deriving Value from
  - Operational Risk Data
  - Alfred Seivold
  - Federal Deposit Insurance Corporation
- 7 Driving an Effective and Efficient Control Self-assessment
  - Programme
  - Lim Him Chuan
  - DBS Bank Ltd
Part Iii: Operational Risk and The Enterprise
- 8 Creating Value in ORM - a Business Line Perspective
  - Mike Haubenstock
  - SunTrust Mortgage
- 9 Implementing a Practical ORM System in the Context of ERM
  - in an Era of Financial and Regulatory Convergence via Business
  - Process Governance
  - Guan Seng Khoo
  - Standard Chartered Bank
- 10 Delivering Value through Business Continuity Management
  - Peter Poulos
  - Morgan Stanley
- 11 Operational Risk in Enterprise Risk Management
  - Andrew Brand, Mustafa Cavus
  - Threadneedle AssetManagement
Part Iv: Unlocking The Potential of Effective Culture and Governance
- 12 Op Risk Governance: Sustaining the Importance of Operational
  - Risk Management
  - Ashish Dev
  - Promontory Financial
- 13 Operational Risk and Communication Conduits
  - Eric Holmquist
  - Advanta Bank Corp.
- 14 The Role of Reputation Risk in ORM
  - Ladd Muzzy
  - Ernst & Young LLP
- 15 Leveraging Information Technology Governance for
  - Operational Risk Management
  - Ramakrishnan S. Kannan
  - i-flex Consulting