Managing Operational Risk: 20 Firmwide Best Practice Strategiess

Book Description

Published in association with the Global Association of Risk Professionals
As e-commerce and globalization continue to expand, so does the level of operational risk, increasing the need for guidance on how to measure and manage it. This is the definitive guide to managing operational risk in financial institutions. Written in a concise, no-nonsense style, and containing numerous real-life case studies, it covers all the bases from the basics of what operational risk is to how to design and implement sophisticated operational risk management systems. Readers will appreciate the up-to-the-minute coverage of the latest techniques and practices to manage operational risk. They will learn how to enhance their positions in the face of anticipated new regulatory standards and capital requirements.
Douglas G. Hoffman (Fairfield, CT) is an independent consultant in operational risk management. His firm, Operational Risk Advisors, provides executive training and assists financial institutions and corporate clients worldwide in operational risk analysis and mitigation.

Customer Reviews:

Highly Recommended!.......2004-06-07

Timely and dense, this comprehensive treatment of risk assessment and management maps the minefield of business and financial risks. Although professional-level information on banking and financial risk management cannot avoid a certain intensely mathematical character, this volume also pays careful attention to the "softer" side, and stresses the importance of cultural and attitudinal factors. It is a very well-balanced presentation of the subject. However, this very valuable information is written in a turgid, repetitive, convoluted and confusing style that makes it a chore to read. This risk could have been managed by a ruthless editor able to cut half of the undergrowth to clear a path to the meaning. Are advice to bankers and risk managers: brew some strong coffee and slog through the text. The content is too important to ignore.

Useless.......2003-09-09

I found this book to be very theoretical and not practical at all. Save your money!

Too much and not enough!.......2003-08-06

This book is good for those who already know what OpRisk is all about, or at least are familiar with banking terms and financial measurement systems. If you are new to the game, you are likely to become very frustrated.

Mr Hoffman throws a multitude of operational risk "building blocks" on the floor in the opening chapter, tells us that we will use them to build a "house", picks them up one-by-one and explains them - sometimes well, sometimes poorly. If you already have the big picture, i.e. you know what the finished "house" is supposed to look like, you will be able to follow - most of the time (see below). If you know little or nothing about OpRisk, I am fully convinced that the book would be easier to understand backwards - i.e. the chapters are read in reverse order (no joke).

There are also several points in the book which had me scratching my head at the consistency of it all! To pick just one example, on page 186 there is a list of what Mr Hoffman calls "Top Down" and "Bottom Up" risk assessment methodologies. In this list, "Delphi Scenarios" is listed as one of the TOP DOWN methods. Two pages later, under the heading "BOTTOM-UP RISK ASSESSMENT METHODS", Delphi Scenarios are discussed/mentioned!!! What is it really - a Top Down or Bottom Up method??

There are several other examples throughout the book likely to cause more than a little confusion to the attentive beginner.

Informative Read.......2002-03-12

Douglas Hoffman's extensive experience in the field of operational risk shines through in this book as he takes operational risk out of the classroom and applies it to real world examples. This is an insightful read for any operational risk professional.

Good Introduction.......2002-03-10

I am new to the field of operational risk and this book provided a good introduction. It is readable and practical. I especially found the discussion of Banker's Trust's operational risk department and methodology fascinating. This book is actually readable unlike so many others in the field.

Managing Operational Risk in Financial Markets

Average customer rating:

Managing Operational Risk in Financial Markets
Amanat Hussain
Manufacturer: Butterworth-Heinemann
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Risk Assessment | Management & Leadership | Business & Investing | Subjects | Books

Look Inside Business Books | Trip | Specialty Stores | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 0750647329

Book Description

Risk Management is one of the biggest issues facing the financial markets today. 'Managing Operational Risk in Financial Markets' outlines the major issues for risk management and focuses on operational risk as a key activity in managing risk on an enterprise-wide basis.

While risk management had always been an integral part of financial activity, the 1990s has seen the requirement for risk management establish itself as a key function within banks and other financial institutions. With greater emphasis on ensuring that money is not lost through adverse market conditions, counterparty failure or inappropriate controls, systems or people, risk management has become a discipline in its own right. Managing risk is now THE paramount topic within the financial sector. Recurring major losses through the 1990s has shocked financial institutions into placing much greater emphasis on risk management and controls. The collapse of Barings and losses made by Metallgescellschaft, Orange County, Diawa and Sumitomo as a result of a lack of procedures, systems or managerial control has demonstrated to organisations the need to broaden the scope of their risk management activity from merely looking at market and credit risk. This has brought into focus the need for managing operational risk. Operational risk can only be managed on an enterprise wide basis as it includes the entire process of policies, culture, procedures, expertise and systems that an institution needs in order to manage all the risks resulting from its financial transactions. In fact, in order to effectively manage market and credit risks it is necessary to have the relevant skills and expertise in the staff, technical and organisational infrastructure, as well as monitoring and control systems. As all of these are components of operational risk, it then becomes apparent that an integrated risk management approach needs to focus on operational risk.

Provides a comprehensive framework for the management of operational risk
Defines the spectrum of risks faced by organisations and how they can effectively manage these
Develops an enterprise-wide risk information system and defines the major challenges that need to be addressed in developing such a system

Average customer rating:

Good strategy forecasting planning guidline!

HR Forecasting and Planning (Developing Practice)
Paul Turner
Manufacturer: Chartered Institute of Personnel & Development
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books
Human Resources & Personnel Management | Industries & Professions | Business & Investing | Subjects | Books
All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
ASIN: 0852929331

Customer Reviews:

Good strategy forecasting planning guidline!.......2003-09-26

The book divided into three parts.

Part one is a review of the issues around forcasting strategy and planning and the role of HR in these.
Part two deal with the component parts of the strategic human resource forcast.
Part there is concerned with the human resource plan,which is outlined.
In essence the book will answer the questions:
How can I help my organization to be more successful through the best use of HR?
How can I get HR on to the strategic aganda?
How do I deal with the end to end process of HR forecasting and planning?
How do I persuade my organization to take these models on board and include them in it's own strategy setting prlcess?
How do I implement the processes?
How do I manage them on an ongoing basis?

Was this review helpful to you?

Book Description

How has the legal system used its traditional body of copyright and patent law to protect rights in computer software? The last 15 years have changed the entire landscape with regard to the creation and protection of software as intellectual property. Written by a computer expert with extensive participation in some of the most important software trials of the period, this book invites you to think critically about significant software issues and learn about the legal pitfalls surrounding software development in the industry today. The book is organized around various legal issues raised by both plaintiffs and defendants in copyright litigation, and the problems of the U.S. Patent & Trademark Office in dealing with the rapid proliferation of applications for software-related patents. The author explains important terms and concepts in software litigation such as infringement, substantial similarity, reverse engineering, the merger defense, and "look and feel." A succinct, readable survey for computer professionals, nonlegal academics, and lawyers who need a fast summary of the critical issues and cases in software and intellectual property matters.

Customer Reviews:

Confusing and confused book at exorbitant cost.......1999-09-10

If one wishes a confusing and confused book, at an exorbitant cost [$57.95 + S&H for 137 pp + 67 pp of appendices and indices = 42.3 cents per page of text!] concerning an intellectually stimulating melieu, then and only then, is Galler's monograph a must purchase. In short, one cannot recommend that any university or public library acquire it for its collection. However, it is possible that ignorant judges rendering ignorant decisions might cite this monograph as "expert" opinion. The foreward states that: "the power of clear statement is the ultimate gift of the great teacher." Galler falls far short of meeeting that criterion. In reviewing this work, one must start with the premise that Intellectual Property [IP], like artifical intelligence, is an oxymoron. In legal and economic terms, property is a tangible that can be possessed by only one person at one moment in time. In other words, Property represents a zero-sum game: If I possess it, then you don't. IP on the other hand can be possessed by the many without diminuation to any other would-be possessor. A user of WINDOWS 2000, the illegitimate descendent of DOS 4.0 and TOPVIEW, does not interfere with any other user of WIN. Thus IP is a collection of legal aplets which are used to create scarcity and exclusivity for their putative owners. The protection concept subsumed by IP does not "protect" the customer from anything. The protection furnished by IP to the putative owners is evanescent, e.g. IP, at best, is a hunting license for future lawsuits by a deep pocket litigant. One is tempted to tell Galler how he should have written the book, since the overall format is promising if competantly developed. The notion of comparing copyright, patent, and trade secret objects within a small universe of 32 court decisions merits instant approval. The individual chapter headings on substantial similarities, reverse engineering, the merger defense, "look and feel", and the doctrine of "equivilancies" under patent law, all merit thoughtful and insightful treatment by someone who is at home with legal constructs and technological palaver. A book that defines technological terms for the legal persona and legal constructs for the technological would be valuable. Galler himself is confused by his own constructs of "textual", "behavioral", "static", and "dynamic" structures and this reviewer remains confused by Galler's exegesis on technological metaphors and legal metaphors. There is no discussion in this book of the Economic issues of IP. One looks in vain for any mention of antitrust, venture financing, royalties, license fees, blanket licensing agreements, and other profit & loss issues. Galler does not deal with the legal/economic tensions inherent in using multiple IP constructs: adhesion contracts + hardware patents + copyright + trade secret, which erect a razor wire fence around IP technology. One also notes that it is rare in our present technology for the human creator of IP to be the legal owner thereof. Galler's chapters seem to hint at an historical imperative that is quite Hegelian in its implications: if a company wins an IP lawsuit, then that company's IP products and services will not survive. If Apple had lost its lawsuit to remove the garbage can from GEM's TOPVIEW, then the Apple OS might be the industry standard instead of the DOS 7.0 /WIN 95 /"BOB" OS. Microsoft lost its IP lawsuit with IBM over OS2, and WIN95 is a de facto standard. IBM lost its IP battle with Phoenix over BIOS, and Phoenix is now the de facto standard. IBM won its battle with Antitrust, and is now a nonentity on the desktop with overpriced mediocre hardware that relies on WIN98 rather than OS/2 3.0 [aka WIN NT and/or WINDOWS 2000]. Microsoft's victory over the Justice Dept. on the bundling of OS for OEMs appears Pyrrhic in nature, even though BOB didn't make it from a wedding present to a viable interface.

Dole facing lawsuits over bagged salads.: An article from: Los Angeles Business Journal

Average customer rating:

Dole facing lawsuits over bagged salads.: An article from: Los Angeles Business Journal
Amanda Bronstad
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

General | Intellectual Property | Law | Subjects | Books

Book Description

This digital document is an article from Los Angeles Business Journal, published by Thomson Gale on November 14, 2005. The length of the article is 1361 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Dole facing lawsuits over bagged salads.
Author: Amanda Bronstad
Publication: Los Angeles Business Journal (Magazine/Journal)
Date: November 14, 2005
Publisher: Thomson Gale
Volume: 27 Issue: 46 Page: 1(2)

Distributed by Thomson Gale

Electronic distribution: the E-data case. (Info Online Pres Dave Collings discusses disputed electronic distribution patent owned by E-data) (Industry Legal Issue): An article from: Soft-Letter

Average customer rating:

Electronic distribution: the E-data case. (Info Online Pres Dave Collings discusses disputed electronic distribution patent owned by E-data) (Industry Legal Issue): An article from: Soft-Letter

Manufacturer: Soft-letter
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

General | Intellectual Property | Law | Subjects | Books

Book Description

This digital document is an article from Soft-Letter, published by Soft-letter on May 29, 1996. The length of the article is 649 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Electronic distribution: the E-data case. (Info Online Pres Dave Collings discusses disputed electronic distribution patent owned by E-data) (Industry Legal Issue)
Publication: Soft-Letter (Newsletter)
Date: May 29, 1996
Publisher: Soft-letter
Volume: v12 Issue: n19 Page: p4(2)

Distributed by Thomson Gale

EVERYPATH READIES PATENT WEAPON FOR WIRELESS WARS.(Company Business and Marketing): An article from: Software Industry Report

Average customer rating:

EVERYPATH READIES PATENT WEAPON FOR WIRELESS WARS.(Company Business and Marketing): An article from: Software Industry Report

Manufacturer: Millin Publishing, Inc.
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

Wireless Networks | Networking | Computers & Internet | Subjects | Books

General | Intellectual Property | Law | Subjects | Books

Book Description

This digital document is an article from Software Industry Report, published by Millin Publishing, Inc. on August 21, 2000. The length of the article is 331 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: EVERYPATH READIES PATENT WEAPON FOR WIRELESS WARS.(Company Business and Marketing)
Publication: Software Industry Report (Newsletter)
Date: August 21, 2000
Publisher: Millin Publishing, Inc.
Volume: 32 Issue: 16 Page: 2

Distributed by Thomson Gale

Federal judge defers decision until Aug. 25 on injunction sought by intellectual property suit.: An article from: Software Industry Report

Average customer rating:

Federal judge defers decision until Aug. 25 on injunction sought by intellectual property suit.: An article from: Software Industry Report

Manufacturer: Millin Publishing, Inc.
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

General | Intellectual Property | Law | Subjects | Books

Book Description

This digital document is an article from Software Industry Report, published by Millin Publishing, Inc. on August 18, 2003. The length of the article is 449 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Federal judge defers decision until Aug. 25 on injunction sought by intellectual property suit.
Publication: Software Industry Report (Newsletter)
Date: August 18, 2003
Publisher: Millin Publishing, Inc.
Volume: 35 Issue: 16 Page: 2

Distributed by Thomson Gale

Free ride: an institutionalist analysis of information in the Internet age.: An article from: Journal of Economic Issues

Average customer rating:

Free ride: an institutionalist analysis of information in the Internet age.: An article from: Journal of Economic Issues
Terrel Gallaway , and Douglas Kinnear
Manufacturer: Association for Evolutionary Economics
ProductGroup: Book
Binding: Digital

General | Intellectual Property | Law | Subjects | Books
ASIN: B0009FAFWY
Release Date: 2005-07-30

Book Description

This digital document is an article from Journal of Economic Issues, published by Association for Evolutionary Economics on June 1, 2002. The length of the article is 2962 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Free ride: an institutionalist analysis of information in the Internet age.
Author: Terrel Gallaway
Publication: Journal of Economic Issues (Refereed)
Date: June 1, 2002
Publisher: Association for Evolutionary Economics
Volume: 36 Issue: 2 Page: 441(7)

Distributed by Thomson Gale

IVOICE FILES PATENT APPLICATION FOR SPEECH-ENABLED DIALER.(Company Business and Marketing): An article from: Audiotex Update

Average customer rating:

IVOICE FILES PATENT APPLICATION FOR SPEECH-ENABLED DIALER.(Company Business and Marketing): An article from: Audiotex Update

Manufacturer: Worldwide Videotex
ProductGroup: Book
Binding: Digital

General | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

General | Intellectual Property | Law | Subjects | Books

Book Description

This digital document is an article from Audiotex Update, published by Worldwide Videotex on March 1, 2001. The length of the article is 462 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: IVOICE FILES PATENT APPLICATION FOR SPEECH-ENABLED DIALER.(Company Business and Marketing)
Publication: Audiotex Update (Newsletter)
Date: March 1, 2001
Publisher: Worldwide Videotex
Volume: 13 Issue: 3 Page: NA

Distributed by Thomson Gale

Linspire, Microsoft agree to share work on future Linux issues; agreement applies to desktop computers.: An article from: San Diego Business Journal

Average customer rating:

Linspire, Microsoft agree to share work on future Linux issues; agreement applies to desktop computers.: An article from: San Diego Business Journal
Andy Killion
Manufacturer: Thomson Gale
ProductGroup: Book
Binding: Digital

General | Intellectual Property | Law | Subjects | Books

Book Description

This digital document is an article from San Diego Business Journal, published by Thomson Gale on June 25, 2007. The length of the article is 546 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Linspire, Microsoft agree to share work on future Linux issues; agreement applies to desktop computers.
Author: Andy Killion
Publication: San Diego Business Journal (Magazine/Journal)
Date: June 25, 2007
Publisher: Thomson Gale
Volume: 28 Issue: 26 Page: 8(2)

Distributed by Thomson Gale

Book Description

ASTRONOMY: FROM THE EARTH TO THE UNIVERSE describes the current state of astronomy, both the fundamentals of astronomical knowledge that have been built up over decades and the exciting advances that are now taking place. The writing style is friendly and carefully detailed. It serves as a valuable reference for both beginners and astronomy enthusiasts. This book is organized as a number of stories. Individual chapters often tell what used to be known, how space and other modern observations have transformed our understanding, and then what is scheduled for the future. This is done with each planet. Consequently, an instructor can easily add photos (available as slides, overheads, CD-ROMs, and on the World Wide Web) and movies and keep a student's interest for a whole lecture on each planet, if desired. Students learn about astronomy through concrete examples, rather than merely being given overarching concepts without enough underpinning.

Customer Reviews:

Astronomy .......2006-12-31

I ordered this book for a Cosmology class. It was pretty good. Check out the NASA site for additional pictures.

Astronomy: From the Earth to the Universe, Media Edition (with InfoTrac)

Average customer rating:

Astronomy: From the Earth to the Universe, Media Edition (with InfoTrac)
Jay M. Pasachoff
Manufacturer: Brooks Cole
ProductGroup: Book
Binding: Paperback
ASIN: B000MCZ218

Books:

Books Index

Books Home

Recommended Books