New Perspectives on Operational Risk in Financial Institutions

Author: (English) Hubner (Hubner/R.) et al./Li Xuelian/Wan Zhihong
Publisher:
Publishing Date: 2005-01-01
Features: This book consists of an introduction and 16 papers. The authors include managers from financial institutions such as Deloitte, Deutsche Bank, BNP Paribas, Swiss Bank, and CIBC, as well as scholars from organizations like the Financial Services Authority of the UK and the British Bankers' Association. Additionally, there are academics from renowned universities worldwide, including Cambridge University, the University of Nottingham Business School, the University of North Carolina, and the Wharton School. In recent years, they have been engaged in research and management of operational risk and have achieved cutting-edge research results in this field. The operational risk management methods and measurement approaches they have proposed are gradually being adopted by financial institutions and some enterprises in the risk management process. The book introduces in an accessible manner the new developments in operational risk measurement and management from various perspectives, as well as the responsibilities of the financial services industry in mitigating and eliminating operational risk. It compiles the latest research findings and practical management experiences of experts and scholars in the field of operational risk in recent years. Not only does it hold significant academic theoretical value, but it also offers broad practical guidance, which is the reason we introduce this work to China. This book can serve as a reference for financial researchers and students, as well as provide useful information for financial regulators and the management personnel of financial institutions. We believe that the publication of this book will have a positive and far-reaching impact on the operational risk management of financial institutions in China.