Operational Risk Management-------jaico
Operational Risk is one of the important
arms of the risk management triangle, the other two being Credit Risk
and Market (Treasury) Risk. Any organisation, particularly in the
banking sector, is squarely exposed to operational risks emanating
within or outside the organisation.
There was no precise definition of operational risk until Basel Accord
II came into being in June 2004. For the first time in the history of
global banking, operational risk capital charge has been made a
mandatory requirement in banking. This certainly puts in a lot of stress
and strain on a bank’s management.
The entire gamut of operational risk has been visited and covered in the
appropriate chapters of this book. A glossary of terms related to
operational risks has been incorporated as a facilitator.
Banks, business organisations, practitioners of operational risk
discipline and students pursuing courses on Risk Management and Finance
Management will find this book useful.
