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Effective risk management in financial services
Operational Risk
Tags :
Operational Risk, operational risk management, Financial institutions, financial risk management, risk management, financial risk, banking, operational risk, credit risk, risk mitigation, financial risk manager, financial risk analysis, bank
Industry :
Banking, Asset Management
Functional Area : Business Processes |
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About "Operational Risk" topic:
Discuss approaches to operational risk. This topic should enable us to grasp crucial processes required for sound operational risk management, including governance, risk identification, risk control assessments, key risk indicators, loss data, economic capital and risk reporting.
3 insight
, 1 idea contests
, 4 question
on topic: "Operational Risk"
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Can any quantifiable value be derived from operational risk management [ORM]? The question resonates in the minds of bankers all over the world. And for good reason, with the New Basel Capital Accord [Basel II] initiative to bring order to international capital markets and level the playing field for banks becoming operational in 2007. It requires that banks thoroughly address operational risks and develop internal solutions. Banks first developed operational risk management programs to build shareholder value. The inclusion of operational risk in Basel II came later. But according to financial analysts, because operational risk is now a compliance issue, many banks are approaching it with ...
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SOORAJ KUMAR P M
| Commented
| 2 years ago
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With the inclusion of Operational Risk in Basel II, ORM has assumed more significance than ever. Though the banks in India and elsewhere are approaching ORM as a compliance issue, it's nonetheless a progressive step - a step forward, in managing...
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Krishna Reddy
| Commented
| 1 year ago
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ORM is practice followed by most of the banks now a days & its importance highlighted more after the recession. Banks certainly increase their controls by the effective ORM practices. Good Article.
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Insight: "Better operational-risk management for banks" deleted from your view.
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Gangadhar GangaSagar
| Answered
| 4 years ago
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Data mining and day to day operations are not all that exclusive. A successful data mining project provides vital inputs as to how operations can be modified / optimized. Having said that, data mining projects can be used to develop models (based...
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Answer: "How does data mining help in controlling operational risk in banks?" deleted from your view.
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Rohit Khanna
| Answered
| 4 years ago
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Islamic Banking can manage risk , as every investment. Key condition for the risk management is robust data management . Key condition for the data management is robust metadata management . That is why Data Integrity Institute Inc. developed and...
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Answer: "Doubts on Operational Risk aspects in Islamic Banking ?" deleted from your view.
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sachin
| Answered
| 3 years ago
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Steven Minsky, a risk expert, highlights the differences between traditional Risk Management and true Enterprise Risk Management, which most importantly is about helping something happen - not preventing something from happening. Steven's blog...
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Jitena Kumar Rawat
| Answered
| 3 years ago
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Financial risk management consists of activities in which a measurable risk can be mitigated by entering into some sort of financial transaction. The transaction might be achievable by purchasing insurance, buying (or selling) a futures contract,...
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Answer: "I am interested at developing the enterpprise, operational and financial risk management linkage. Thoughts?" deleted from your view.
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Every operations executive faces the dilemma of supporting with rising business volumes without allowing parallel rise in costs. Some of the most common methodologies and practices used to manage costs are centralized shared services, automating transactions outsourcing. However few executives consider the value of evaluating the entire operating model. Below I will tell you how some institutions are beginning to reap enormous benefits by improving the entire operating model (the way people, process and technology interact to deliver a common objective) than just concentrating on part of the operating model. By “operating model,” we mean the way people, technology, and processes interact to...
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strategy
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ASOK KUMAR DAS
| Added idea
"strategy"
| 2 years ago
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strategies for Quality commissioning
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Ideate: "Strategy for quality commissioning of new thermal power projects" deleted from your view.
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Answer: "Will the Operational Risk Management in Call centres help improve the operations in Domestic banking?" deleted from your view.
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A survey was conducted to understand the general perception of what is risk by Dr.David Hillson. His website provides a wealth of papers on the topic of Risk Management. He is an internally recognized authority on the subject. PLEASE CLICK ON THE TRACK-BACK-URL (below) TO DOWNLOAD THE ARTICLE.
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RAMESH KANDADAI
| Commented
| 2 years ago
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Yes Amish! but most people are not yet used to the idea that in managing projects risk could be positive or negative. A positive risk is an opportunity where as a negative risk damages the project. The survey (hope you downloaded the paper) shows...
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Amish Jain
| Commented
| 2 years ago
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Risk could be anything that 1 is not prepared for and one has not prepared for that event or that thing to happen...."Life it self is the biggest RISK that everyone takes"...but for different people have different definition for RISK....so it...
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Insight: "What is Risk?" deleted from your view.
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