Category: External link

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.

Edited by James Pickford, this book is a collection of chapters by different authors that first appeared
as a series in the Financial Times. The chapters vary in quality, but most are useful to some degree. Some chapters in the book tend to assume a banking background. There are five chapters on operational risk, somewhat less banking oriented than many of the other chapters. It has a useful overview chapter on credit risk, Lenders and borrowers demand a creditable system by Suresh M. Sundaresan. There is a useful chapter on enterprise risk management, Total strategies for company-wide risk control by Lisa Meulbroek. Visit the page for this book on 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.

By Joël Bessis. The word comprehensive doesn’t begin to describe this book as far as a quantitative view of risk in banking is concerned. However, as its title suggests, it doesn’t discuss risk management outside banking at all. It has a full treatment of credit risk, including a useful overview chapter on credit risk models and many chapters on different aspects of modelling both standalone risk and portfolio risk. It hardly mentions operational risk. 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.tafkac.org/faq2k/compute_86.html is an interesting web page debunking the popular legend that the term bug was invented by Rear Admiral Grace Murray Hopper.

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.