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Monitoring the operational risk environment effectively
Journal of Risk Management in Financial Institutions,
1
(2),
156-164
(2008)
Abstract
This paper explores the current status of operational risk management practice in financial institutions. It begins by describing the features that distinguish operational risk from other types of risk. It then goes on to describe the key elements in today’s market of a forward-looking, proactice, operational risk management framework.
Keywords: understanding; proactive; forward-looking; preventative
The full article is available to subscribers to the journal.
Author's Biography
David Breden is Managing Director of HSBC Operational Risk Consultancy and the architect of OpRisk Modeller, a scenario-based commercial risk mapping tool developed by HSBC to meet the needs of the Basel II AMA quantification requirements. Previously he worked for NatWest for over 20 years in both England and Spain and developed and implemented an operational risk management system for the Spanish retail network. He has been involved in operational risk management since 1995 and is both a Fellow and a Director of the Institute of Operational Risk. He is a frequent speaker and writer on operational risk matters.
Citation
Breden, David (2008, March 1). Monitoring the operational risk environment effectively. In the Journal of Risk Management in Financial Institutions, Volume 1, Issue 2. https://doi.org/10.69554/IJVB2935.
© Henry Stewart
Publications LLP
Publications LLP