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OPINION: Bank's Experience Helps Point Way to Operational Risk Management.
Aug. 1--The structured and disciplined approach to managing operational risk is a relatively new concept that can produce significant benefits but can also be tricky to put into place effectively.
Before companies jump in to build internal Operational Risk Management (ORM) capabilities, it would be wise to understand and learn from the experiences of others.
Today's column focuses on recent ORM work done with a Thai bank to establish an enterprise-wide risk management strategy and supporting organisational unit, with particular emphasis on ORM. The case study will highlight some of the practical approaches taken by this bank, while underscoring the major lessons they learned in the process.
A.T. Kearney's experience in helping companies across many industries strengthen their ORM capabilities has continually shown that implementing effective ORM practices requires four essential building blocks: (1) a sound overall ORM strategy, (2) an appropriate organisational structure, (3) a simple, yet effective set of ORM processes, ...
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- SAS Making Strides with New Operational Risk Management Software; SAS OpRisk...
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- Press release article from: Business Wire November 2, 2007 700+ words
...derivatives trading as well as Operational Risk management of a major German bank...Introduction 2: Drivers for Operational Risk Management 3: Operational Risk...5: The Components of Operational Risk Management 6: Implementation of...
- Mandate Research: Risk management - Operational risk - Investment firms find...
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...the new Basle framework for operational risk would be applied to European...operate within comprehensive risk management principles aligned with the...outsourcing can be an efficient operational risk mitigation tool. Regardless...
