Operational risk management in banks and idiosyncratic loss theory : a leadership perspective / by Sophia Beckett Velez Ph.D. (Walden University, USA).

Format:

Book

Author/Creator:

Velez, Sophia Beckett, author.

Language:

English

Subjects (All):

Bank management.

Risk management.

Physical Description:

1 online resource (213 pages)

Edition:

1st ed.

Place of Publication:

London, England : Emerald Publishing Limited, [2023]

Summary:

A systemic risk event that leads to significant losses in banks that are significant financial institutions can expose them to insolvency, significant volatility and impose serious negative impact on a country's economy, as witnessed during the 2008 financial crash. The viral spread of operational losses through global markets by interconnected multinational banks can be referred to as idiosyncratic viral loss theory. Operational Risk Management in Banks and Idiosyncratic Loss Theory: A Leadership Perspective identifies important considerations that can bolster effective risk management practices in comprehensive enterprise-wide risk, fraud control, going beyond minimum risk assessment required by banking regulators as well as independent risk identification and management. These considerations towards improving risk management practices may help reduce systemic operational losses spread virally in banks. Operational Risk Management in Banks and Idiosyncratic Loss Theory is a useful tool for scholars, bank practitioners, regulators, and accountants to understand the behaviour of idiosyncratic viral losses in banks and in the use of effective risk management practices. Bank practitioners and regulators can leverage the suggestions made by the panel of sector experts and bank leaders to construct action plans and training programs.

Contents:

Introduction. Outline of Chapters

Part I. Idiosyncratic viral losses behavior and global economic impact

Chapter 1. Idiosyncratic viral losses and it's behavioral practices

Chapter 2. Regulation of operation losses and capital in banks

Chapter 3. Idiosyncratic losses in mega banks and sifis

Chapter 4. Sifi losses and global economic impact

Chapter 5. Idiosyncratic viral losses and operational risk

Part II. Nature of systemic operational risk (human error, fraud, legal)

Chapter 6. Human error and processing errors

Chapter 7. Fraud and criminal activity

Chapter 8. Internal fraud

Chapter 9. External fraud

Chapter 10. Legal expenses, legal settlements, statutory penalties

Part III. Operational risk environment and leadership

Chapter 11. Technology risk

Chapter 12. Natural disasters and viruses

Chapter 13. Risk management

Chapter 14. Bank operational environment as host for idiosyncratic viral losses

Chapter 15. Control environment and systemic risk

Chapter 16. Governance and leadership.

Notes:

Includes bibliographical references and index.

Print version record.

Other Format:

Print version: Beckett Velez, Sophia Operational Risk Management in Banks and Idiosyncratic Loss Theory

ISBN:

9781804552230

9781804552254

OCLC:

1352971978