Descriptions of external links imported from my previous website, which was active until around April 2007.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
One of the reasons that operational risk is a hot topic nowadays is that the Basel 2 agreement will include capital requirements for operational risk for banks. The Basel committee have produced this paper, available from their site at http://www.bis.org/publ/bcbs91.htm.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
By Cormac Butler. Value at Risk is covered in many of the books on risk management in banking, but for a really comprehensive treatment you should try this book. Unlike some similar books it doesn’t have an associated CD with worked examples, but its explanations are clear. It has a whole chapter on applying VaR principles to credit control. Visit its page at Amazon.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
http://www.history.navy.mil/photos/pers-us/uspers-h/g-hoppr.htm has a brief bography of Rear Admiral Grace Murray Hopper, including a picture of the first ever computer bug.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
The BIS have recently published the format they are using to
collect operational risk data from banks in their Operational
Risk Data Collection Exercise – 2002. The exercise is described at http://www.bis.org/bcbs/qis/oprdata.htm.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
The International Actuarial Association produced a report for the International Association of Insurance Supervisors on insurance company
solvency. The approach the working party took was to identify the types of of risks to which insurers are subject, and the approaches used to model those risks. The report contains a classification of
insurance company risks, an overview of the risk assessment process in insurance companies, and more detailed consideration of some individual risk types. It is available at www.actuaries.org/CTTEES_INSREG/Documents/Solvency_Report_EN.pdf.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
The FSA published this document in July 2003, as they prepared to implement CP142, the consultation paper on operational risk systems and controls. The documument is the result of discussions the FSA held with 22 firms actively developing risk management systems for operational risk. It describes instances of good practice, and discusses the progress that has been made so far. The main conclusion is that although considerable progress has been made, the industry is still at an early stage of developing operational risk frameworks. The report is available at http://www.fsa.gov.uk/pubs/policy/ps142_2.pdf
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
A working party (of which I was a member) presented a report on operational risk in general insurance to GIRO 2002. The report and slides for the presentation are both available online from my publications page.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
The Financial Services Authority have issued a series of reports outlining their new risk-based regulatory framework. This report, issued in February 2002, describes their risk-based operating framework and what it means for the firms that they regulate. In particular, it includes (as Appendix B) a probability assessment matrix that provides the risk classification system that they use. Note that the FSA is interested only in risks to their statutory objectives, and that these may not be the same as, for example, risks to shareholder value. The report is available at http://www.fsa.gov.uk/pubs/policy/bnr_progress2.pdf.
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
Consultation paper 190 from the FSA discusses how capitial requirements will be determined for non-life insurers. It was issued in July 2003, and the consultation period ended on 30 November 2003. The overall effect of the proposals will be to introduce a new risk-based minimum requirement, the ECR (Enhanced Capital Requirement), and the concept of ICG (Individual Capital Guidance) which will take into account both the ECR and the systems and controls that firms have in place. CP190 is available at http://www.fsa.gov.uk/Pages/Library/Policy/CP/2003/190.shtml
This entry, which describes an external link, was imported from my old website which is now defunct. I’ve therefore given it an artificial post date of 1 August 2002.
This is a major tome, giving “20 Firmwide Best Practice Strategies”. Hoffman’s background is in banking, and the book certainly concentrates on that industry. He does make an effort to
extend the range, though. This is an extremely comprehensive book, a bit difficult to make one’s way through at times. It contains many lists of key points, which are made slightly less useful because each
list is so long. Visit the page for this book at Amazon.