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Operational risk: Back on the agenda
Journal of Risk Management in Financial Institutions,
6
(4),
366-386
(2013)
Abstract
This paper focuses on the role of operational risk in developing an effective enterprise wide risk management framework, and in ensuring that the firm develops an effective risk culture that supports the business.
Keywords: operational risk; enterprise wide risk management; risk culture; financial regulation
The full article is available to subscribers to the journal.
Author's Biography
Peter Mccormack is a risk and governance adviser and formerly a technical specialist, enterprise-wide risk management and corporate governance at the Bank of England’s Prudential Regulation Authority where he conducted enterprise-wide risk management reviews and board effectiveness reviews. Peter was a policy adviser on operational risk during the development of the Basel II Accord in the early part of the last decade.
Andrew Sheen is Head of Operational Risk Use Test, AMA at HSBC, and formerly manager of the risk infrastructure team in the Risk Specialists Division at the Prudential Regulation Authority. Andrew has been the UK member of the Basel Committee Standards Implementation Group for Operational Risk since 2006 and has been instrumental in assisting the committee to develop its approach to both operational risk management and the advanced measurement approach.
Citation
Mccormack, Peter and Sheen, Andrew (2013, September 1). Operational risk: Back on the agenda. In the Journal of Risk Management in Financial Institutions, Volume 6, Issue 4. https://doi.org/10.69554/JXHQ7221.
© Henry Stewart
Publications LLP
Publications LLP