Operational Risk Assessment: The Commercial Imperative of a more Forensic and Transparent Approach
Owner: Wiley Finance Books
Description:
£67.50 / €81.00
“Brendon Young and Rodney Coleman's book is extremely timely. There has never been a greater need for the financial industry to reassess the way it looks at risk. […] They are right to draw attention to the current widespread practices of risk management, which […] have allowed risk to become underpriced across the entire industry.”
Rt Hon John McFall MP, Chairman,
House of Commons Treasury Committee
Failure of the financial services sector to properly understand risk was clearly demonstrated by the recent 'credit crunch'. In its 2008 Global Stability Report, the IMF sharply criticised banks and other financial institutions for the failure of risk management systems, resulting in excessive risk-taking. Financial sector supervision and regulation was also criticised for lagging behind shifts in business models and rapid innovation.
This book provides investors with a sound understanding of the approaches used to assess the standing of firms and determine their true potential (identifying probable losers and potential longer-term winners). It advocates a 'more forensic' approach towards operational risk management and promotes transparency, which is seen as a facilitator of competition and efficiency as well as being a barrier to fraud, corruption and financial crime.
Brief description: This book provides investors with a sound understanding of the approaches used to assess the standing of firms and determine their true potential (identifying probable losers and potential longer-term winners).
Tags: brendon young, rodney coleman, operational risk, operational risk assessment, operational risk management, risk, risk management, risk analysis
Website: www.wiley.com/buy/978-0-470-75387-3
