The conceptualisation of operational risk management models

Viney, Christopher 2005, The conceptualisation of operational risk management models, Journal of business and economics research, vol. 3, no. 2, pp. 61-68.

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Title The conceptualisation of operational risk management models
Author(s) Viney, Christopher
Journal name Journal of business and economics research
Volume number 3
Issue number 2
Start page 61
End page 68
Publisher Clute Institute for Academic Research
Place of publication Littleton, Colo.
Publication date 2005-02
ISSN 1542-4448
Summary Operational risk is evolving as a specialist field of risk management that must be practiced within all organisations, but currently has a particular relevance to banks. The Basel Committee on Banking Supervision has circulated a consultative paper which, if adopted by nation-state bank supervisors, will impose an operational risk capital charge on banks as part of a new Capital Accord. The definition of operational risk is wide-ranging and creates some unique issues related to the development of appropriate risk management models. This paper conceptualises two distinct operational risk management models; being a predictive model that will result in a known outcome upon its implementation, and a pre-emptive operational risk management model which prepares an organisation in the event that a future risk occurrence results in a disruption to critical business operations.
Language eng
Field of Research 150399 Business and Management not elsewhere classified
HERDC Research category C2 Other contribution to refereed journal
ERA Research output type C Journal article
Copyright notice ©2009 The Clute Institute for Academic Research
Persistent URL http://hdl.handle.net/10536/DRO/DU:30013145

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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