Operational Risk Management

Todd Pleune
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Todd Pleune: Protiviti, Inc.

A chapter in Commercial Banking Risk Management, 2017, pp 121-134 from Palgrave Macmillan

Abstract: Abstract Operational risk (also “OpRisk”) continues to evolve. While operational risk management added quantitative approaches prior to the 2008 financial crisis, enhancements since the crisis have been significant. Because the financial crisis was driven by inadequate preparedness for both credit and operational risk, these two risk areas have been among the focus areas for enhanced risk management following the crisis. The significant role of operational risk in capital stress testing has led many more banks to model operational risk. For this reason, we provide examples of stress testing models in this chapter. We also discuss benefits and challenges of the latest approaches to operational risk management and measurement.

Keywords: Scenario Analysis; Operational Risk; Business Indicator; Capital Estimation; Operational Risk Management (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-59442-6_6

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DOI: 10.1057/978-1-137-59442-6_6

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