Où se situe la singularité des activités de trading quant au risque opérationnel ?

Rémi Jardat ()
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Rémi Jardat: ISTEC - Institut supérieur des Sciences, Techniques et Economie Commerciales - ISTEC

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Abstract: Trading activities underpin at least two Basel II business lines (Trading and sales as well as asset management) and generate very complex operational risk that is both very harmful and quite difficult to detect before escalation. Complex and harmful disasters characterize as well High Reliability Organizations (HRO). That work firstly elaborates a synthesis of the main findings about HROs and translates it into a grid of analysis of vulnerability factors towards operational risk. Secondly it analyses on the one hand previous sociological results about trading work and on the other hand findings from a study that was conducted in the field at European financial places (Paris, London, Geneva). As a conclusion, some research directions are proposed as to improving reliability and resilience of banks coping with operational risk generated by trading activities.

Keywords: Risque opérationnel; banques; transactions OTC; HRO; résilience (search for similar items in EconPapers)
Date: 2011-10-05
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Published in Revue management & avenir, 2011, 48, pp.99-115

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00651252

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