Ten laws of operational risk : (Record no. 23868)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03419nam a22001937a 4500 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9781119841357 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | English |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 658.155 |
| Item number | GRI |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Author name | Grimwade, Michael. |
| 245 ## - TITLE STATEMENT | |
| Title | Ten laws of operational risk : |
| Sub Title | understanding its behaviours to improve its management/ |
| Statement of responsibility, etc | Michael Grimwade. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | United Kingdom: |
| Name of publisher | John Wiley & Sons, Ltd., |
| Year of publication | 2022. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | xx, 396 pages : |
| Other physical details | illustrations ; |
| Dimensions | 24 cm. |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE | |
| Bibliography, etc | Includes Index. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | T︣︣en laws of operational risk; Patterns in the behaviour of operational risk; The occurrence and severity of loss events; Concentration and systemic operational risk events (SOREs); Homeostasis, risk transference, transformation and conservation, and active risk taking; Three taxonomies: inadequacies or failures, impacts and causes; Conclusions<br/>how and why; Operational risk management tools designed for success; Defining and cascading operational risk appetites; Risk & control self- assessments; Scenario analysis; Operational risk capital modelling; Stress testing; Reverse stress testing and the transfer of risk via insurance; Day-to-day operational risk management; Prediction of the future behaviours of operational risk; Identifying emerging risks; Predictions of the future behaviours of operational risk in response to four emerging threats; Conclusions and operational risk strategy |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Unlike Credit and Market Risk, Operational Risk is lacking an overarching theory as to how and why Operational Risk losses occur. This book not only provides this theory but goes onto apply it both to the redesign of the profession's existing tools and to make predictions as to how Operational Risk will behave in the future. The book is divided into three parts. The first section analyses Operational Risk loss data that has been systematically collected to identify patterns and trends. It then defines Ten Laws to explain these behaviours. The first five laws describe individual events, whilst the remaining five relate to groups of losses suffered by either individual firms or the industry as a whole. This section also includes taxonomies for causes, events and impacts. It concludes by assessing the effectiveness of these laws in explaining the observed patterns and trends. Section 2 applies the Ten Laws to the redesign of the profession's tools. Despite these tools evolving over the last three decades, through trial and error, they remain a source of widespread dissatisfaction. Systematically utilising the Ten Laws resolves many of the framework issues with which practitioners have struggled, such as, identifying predictive Key Risk Indicators. As it is emerging risks that are habitually cited as keeping CROs awake at night, the last section sets out a structured approach for their identification. It then applies the Ten Laws to make systematic predictions as to the future behaviour of Operational Risk in response to four key emerging risks: Pandemics, Climate Change, Cyber-Crime, AI and Machine Learning. The book concludes by considering how the various tools should be integrated into a holistic Operational Risk strategy to provide commercial value by supporting firms to stay within appetite, both now and in the future, grow their businesses both quickly and safely, and meet their stakeholders' expectations |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Subject | Business & Economics |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Subject | Risk management |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Books |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Use restrictions | Not for loan | Collection code | Home library | Current library | Shelving location | Date acquired | Source of acquisition | Cost, normal purchase price | Bill Date | Full call number | Accession Number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Restricted Access | Reference | Institute of Public Enterprise, Library | Institute of Public Enterprise, Library | S Campus | 06/26/2025 | Atlantic Publishers | 5031.00 | 12-06-2025 | 658.155 GRI | 50316 | 06/26/2025 | Books | ||||
| Dewey Decimal Classification | Restricted Access | Institute of Public Enterprise, Library | Institute of Public Enterprise, Library | S Campus | 06/26/2025 | Atlantic Publishers | 5031.00 | 12-06-2025 | 658.155 GRI | 50317 | 06/26/2025 | Books | |||||
| Dewey Decimal Classification | Restricted Access | Institute of Public Enterprise, Library | Institute of Public Enterprise, Library | S Campus | 06/26/2025 | Atlantic Publishers | 5031.00 | 12-06-2025 | 658.155 GRI | 50318 | 06/26/2025 | Books | |||||
| Dewey Decimal Classification | Restricted Access | Institute of Public Enterprise, Library | Institute of Public Enterprise, Library | S Campus | 06/26/2025 | Atlantic Publishers | 5031.00 | 12-06-2025 | 658.155 GRI | 50319 | 06/26/2025 | Books | |||||
| Dewey Decimal Classification | Restricted Access | Institute of Public Enterprise, Library | Institute of Public Enterprise, Library | S Campus | 06/26/2025 | Atlantic Publishers | 5031.00 | 12-06-2025 | 658.155 GRI | 50320 | 06/26/2025 | Books |
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