rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Ten laws of operational risk
    sub title: understanding its behaviours to improve its management
  name:
    name part: Grimwade, Michael
    role:
      role term: creator
    role:
      role term: author.
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: nju
    date issued: 2022
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource
  abstract: "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"--
  note: Michael Grimwade.
  note: Includes bibliographical references and index.
  subject:
    topic: Operational risk
  subject:
    topic: Risk management
  subject:
    topic: Risk Management
  classification: HD61 .G75 2022
  classification: 658.15/5
  related item:
    title info:
      title: Ten laws of operational risk
    name:
      name part: Grimwade, Michael.
    origin info:
      publisher: Hoboken, NJ : Wiley, [2022]
    identifier: (DLC) 2021039755
  identifier: 9781119841388
  identifier: 1119841380
  identifier: 9781119841364
  identifier: 1119841364
  identifier: 9781119841371
  identifier: 1119841372
  identifier: 9781119841357
  identifier: 2021039756
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: DLC
    record creation date: 211006
    record change date: 20260214210157.3
    record identifier: in00004688011
    language of cataloging:
      language term: eng