Search results for "Operational risk management"
showing 3 items of 3 documents
Operational risk in bank governance and control: How to save capital requirement through a risk transfer strategy. Evidences from a simulated case st…
2015
Operational risk management in banking has assumed such importance during the last decade. It has become increasingly important to measure, manage, and assess the impact of operational risk in the economics of banking. The purpose of this paper is to demonstrate how an effective operational risk management provides mitigating effects on capital-at-risk in banking. The paper provides evidences that an implementation of an operational risk transfer strategy reduces bank capital requirement. The paper adopts the loss distribution approach, the Monte Carlo simulation, and copula methodologies to estimate the regulatory capital and simulate an operational risk transfer strategy in banking.
Economic Adaptation to Risky Environment in the Late Middle Ages: The Case of the "Accrues" of the Doubs in Chaussin (Jura, France) from c. 1370 to c…
2017
Located along the meanders of the Doubs, the people of Chaussin had to deal with the particular impact of the river on their environment. Due to the impact of the Little Ice Age on water levels in the area, the Doubs sometimes had special floods, which frequently changed its course from the end of the fourteenth century. As a result, some lands were absorbed, and others emerged, which were called the “accrues.” From 1377 the first observation of lost lands appears in the accounts of the castellan, in a petition from landowners who did not want to pay taxes on these fields. More than twenty years later, in the first decade of the fifteenth century, the duke of Burgundy, facing the same situa…
New Tendencies of Management and Control of Operational Risk in Financial Institutions
2013
Abstract Nowadays, financial institutions highly recognize a great influence of effective risk management on profit abilities. Therefore risk management became an important part of the financial instrument. According to the latest researches, there still remain problems related to the management of various types of risks. For instance, the Basel Committee of the Bank of International Settlements imposes financial institutions for more intensive devoting their attention to operational risk management problems. Due to the increased intensity of performed financial operations, financial institutions became very vulnerable to operational risks. In many cases, the high level of operational risks…