{"title":"Op risk","description":"\u003cp\u003eProducts tagged with \"Op risk\"\u003c\/p\u003e","products":[{"product_id":"corprisk2","title":"The Handbook of Corporate Financial Risk (2nd edition)","description":"\u003cp\u003eBNP Paribas Stanley Myint and Fabrice Famery return to author the eagerly-awaited follow-up to their 2012, five-star, bestseller The Handbook of Corporate Financial Risk Management. Much has changed in the world of corporate risk since 2012 and the authors have fully updated the second edition to reflect this, adding 20 new chapters and dropping 12 chapters that did not seem relevant to today's readers.\u003c\/p\u003e\r\n\u003cp\u003eThe focus of the book is the management of financial risks i.e, funding, interest rate and inflation, currency, credit, commodity and equity risks. This book is primarily about corporate problems and how to solve them. Myint and Famery posit that the key question is not what kind of product is used, but how it is used.\u003c\/p\u003e\r\n\u003cp\u003eThis book is targeted to everyone who is interested in the subject of corporate risk management, and in particular four groups of readers: 1. corporate treasurers, CFOs, CROs, CEOs, financial directors, Treasury dealers; 2. management consultants, pension consultants and any other company advisors on the subject of risk; 3. corporate bankers, coverage officers, corporate financiers, private equity investors, capital markets and derivatives marketers covering non-financial companies; and 4. academics and students in the field of corporate risk management.\u003c\/p\u003e\r\n\u003cp\u003eAs with the first edition, the book is based on real-life client discussions had in the risk management advisory team at BNP Paribas between 2005 and 2018. Common questions and problems regarding risk management and capital structure, raised by CFOs and corporate treasurers alike, are rarely addressed by the existing literature and the aim of this book is to lead to a fruitful collaboration between companies and their banks and aid in solving those common questions and problems, based on the outcomes from real-life scenarios.\u003c\/p\u003e\r\n\u003cp\u003eThe reader will find here answers to the most commonly-asked practical questions about financial risk. Some of the situations will be brief (eg, how to obtain a credit rating) and some will require a significant amount of thought and detailed quantitative analysis (eg, how to improve your fixed\/floating mix and duration), but all are based on real-life situations.\u003c\/p\u003e\r\n\u003cp\u003eThe book is divided into seven parts:\u003c\/p\u003e\r\n\u003cp\u003ePart I deals with a variety of issues related to corporate funding via fixed income instruments, with a particular focus on unsecured debt.\u003c\/p\u003e\r\n\u003cp\u003ePart II deals with the next set of issues once the corporate debt structure is in place: interest rate risk on the debt side of the balance sheet and that of assets and liabilities.\u003c\/p\u003e\r\n\u003cp\u003ePart III is devoted to the management of currency risk, the most common risk affecting companies.\u003c\/p\u003e\r\n\u003cp\u003ePart IV deals with credit risk i.e, the risk of default by financial counterparties.\u003c\/p\u003e\r\n\u003cp\u003ePart V covers risk management within the context of mergers and acquisitions.\u003c\/p\u003e\r\n\u003cp\u003ePart VI is focused on commodity risk management.\u003c\/p\u003e\r\n\u003cp\u003ePart VII (new in the second edition) covers the management of risk related to listed equities, via what is known as strategic equity solutions.\u003c\/p\u003e\r\n\u003cp\u003eDepending on your interest, you can read this book either by part or by topic covered, or simply dip into individual chapters in any order.\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":51232497926486,"sku":"9781782724162","price":99.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/thocfrm_bnpp-2d_2nded-crop-616-pixels.png?v=1751976499"},{"product_id":"adapting-to-basel-iii-and-the-financial-crisis-re-engineering-capital-business-mix-and-performance-management-practices","title":"Adapting to Basel III and the Financial Crisis (2nd edition)","description":"\u003cp\u003eAs a result of Basel III and Solvency II, all financial institutions will have to re-think their business planning and strategic management practices whilst also trying to meet their income needs.  \u003cem\u003eAdapting to Basel III and the Financial Crisis\u003c\/em\u003e examines how the financial sector is tackling these challenges, drawing on a variety of examples from the banking and insurance industries.\u003cbr\u003e\u003cbr\u003eBogie Ozdemir and Peter Miu combine their experiences in banking, insurance, and academia, providing a balanced combination of both hands-on experience and theoretical reasoning. The authors demonstrate how best to implement these regulations on a practical level, explaining the organizational (re)alignments to ensure that the necessary changes are made. \u003cbr\u003e\u003cbr\u003eThe authors equip the reader with the tools to enhance their capital management and business mix optimization processes in order to cope with the rigors of the new regulatory landscape, with key topics including:\u003cbr\u003e\u003cbr\u003e•    Integrated Capital Management; \u003cbr\u003e•    ICAAP and ORSA Design;\u003cbr\u003e•    Risk Appetite;\u003cbr\u003e•    Economic Capital for Defaulted Loans;\u003cbr\u003e•    Performance Management;\u003cbr\u003e•    Capital Planning and Budgeting;\u003cbr\u003e•    Economic Capital for Insurance Companies;\u003cbr\u003e•    RAROC and Loan Specific Hurdle Rate;\u003cbr\u003e•    Evolving Role of the Risk Function and Organization Re-design; and\u003cbr\u003e•    Procyclicality Management.\u003cbr\u003e\u003cbr\u003e\u003cem\u003eAdapting to Basel III and the Financial Crisis\u003c\/em\u003e is aimed at all risk and capital management practitioners in banks and insurance companies, as well as national and international regulators of financial institutions and Basel II, Basel III, and Solvency II implementing practitioners.\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769887953238,"sku":"9781782723356","price":35.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/atb_iii-aiv-2nded-crop-616pix.png?v=1751976548"},{"product_id":"conduct-risk-a-practitioner-s-guide-2","title":"Conduct Risk: A Practitioner's Guide","description":"\u003cp\u003eMany financial institutions have been heavily fined because of the conduct of their employees which ranged from the LIBOR scandal, money laundering activities, mis-selling of financial products including Payment Protection Insurance (PPI), interest rate protection, etc. The industry is struggling with how to manage conduct risk and the financial and reputational impacts. This issue remains at the top of banks’ agendas and has become of exponential interest to regulators.\u003c\/p\u003e\r\n\u003cp\u003e\u003cem\u003eConduct Risk\u003c\/em\u003e is addressed in both a holistic and practical way, allowing the reader to grasp the concept of conduct risk whilst also providing access to the appropriate information to resolve their immediate issue. An overview and analysis of conduct risk is set out, followed by a review of recent case studies and the associated challenges, drawing on the practical experience of those writing the specific chapters.\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cp\u003e\u003cem\u003eConduct Risk\u003c\/em\u003e demonstrates the alignment between conduct, culture, and behaviours, all of which need to be managed effectively and in harmony. It will inform thinking, encourage the resolution of problems, and enable boards and senior management to better challenge the current state of play.\u003c\/p\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769898275158,"sku":"9781782723219","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/cr_apg-2d-crop-616pix.png?v=1751976646"},{"product_id":"cyber-risk","title":"Cyber Risk","description":"\u003cp\u003eIn an increasingly inter-connected world, cyber security has become a global threat that knows no boundaries. Cyber criminals now have new channels through which they are able to disrupt systems and access valuable data, gaining the ability to cause wide-scale disruption and cost for institutions, reputation and customers alike.\u003c\/p\u003e\r\n\u003cp\u003e\u003cem\u003eCyber Risk\u003c\/em\u003e provides readers with a comprehensive overview of the key developments in cyber security within the financial space, enabling them to learn solutions to critical issues and formulate a good practice methodology that ensures they stay ahead of the latest threats.\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cp\u003eEditor Michael Woodson has assembled a team of experts from institutions such as HSBC, Deutsche Bank, and the Federal Reserve Bank of Boston, all of whom are uniquely qualified to contribute to the ongoing discussion regarding this capricious and exponentially significant risk.\u003c\/p\u003e\r\n\u003ch4\u003eBook description\u003c\/h4\u003e\r\n\u003cp\u003eCyber risk for financial institutions is a relatively new and developing risk area but it is a huge issue that can only grow in importance. \u003cem\u003eCyber Risk\u003c\/em\u003e addresses the growing concerns brought about by the increased frequency of cybercrime incidents in the financial industry, with authors discussing cutting edge tactics and regulation that respond to and counteract this evolving threat.\u003c\/p\u003e\r\n\u003cp\u003eThis multi-contributor book provides readers with a comprehensive overview of the key developments in cyber security within the financial space, enabling them to learn solutions to critical issues and formulate a good practice methodology that ensures they stay ahead of the latest threats.\u003c\/p\u003e\r\n\u003cp\u003e\u003cstrong\u003eChapters cover:\u003c\/strong\u003e\u003c\/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eCyber Risk Profile and Communication to the Board\u003c\/li\u003e\r\n\u003cli\u003eThe Cyber Risk Landscape\u003c\/li\u003e\r\n\u003cli\u003eCyber Security Metrics\u003c\/li\u003e\r\n\u003cli\u003eRegulations, Compliance and Cyber Risk Management\u003c\/li\u003e\r\n\u003cli\u003eCyber Risks in Business Continuity Management and Supply Chain Resilience\u003c\/li\u003e\r\n\u003cli\u003eThird Party and Vendor Risk Management\u003c\/li\u003e\r\n\u003cli\u003eCyber Incident Response\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003c\/div\u003e\r\n\u003cp\u003e\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769909350742,"sku":"9781782722830","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/cr-2d-crop-616pix.png?v=1751976724"},{"product_id":"risk-culture-and-effective-risk-governance","title":"Risk Culture and Effective Risk Governance","description":"\u003cp\u003e\u003cspan\u003eRisk culture and safety cultures are a central issue for firms within all industries, with high profile cases of excessive risk taking or the bad behaviour of employees in many different sectors making headlines. In financial services this is one of the factors behind the crisis, but has also surfaced even more damagingly post-crisis in the form of conduct scandals such as LIBOR and various mis-selling cases.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003eThose controlling firms should be asking themselves how they can develop, instil and measure risk culture. Expectations from investors and, for the appropriate sectors, from regulators, have ratcheted up. With regard to the financial services, the FSB has issued a range of papers emphasising the changes they expect to see. The PRA in the UK has made clear that they expect culture to support the prudent management of all banks and insurers and are planning to use new tools to enforce this.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003ePatricia Jackson has assembled an all-star cast of contributors to examine the different factors which will influence an effective risk culture. There are many different aspects of risk culture which are covered, from an embedded risk appetite, values, and leadership from the top, through to incentives, accountability, and risk transparency, all of which need to come together to ensure a strong culture.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cem\u003eRisk Culture and Effective Risk Governance\u003c\/em\u003e\u003cspan\u003e uses many examples from different industries, such as financial services, transport, oil and gas, and the NHS, to illustrate the various arguments. Patricia has written an introduction which consolidates and clarifies the central themes, examining why risk cultures fail and the lessons to be learnt from different industries regarding a way forward. 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The book will improve the management of technology risk within organisations by focusing on the processes of developing technology strategies that are totally embedded in corporate strategies.\u003c\/p\u003e\r\n\u003cp\u003eThe book is practical, rooted in real-world case studies and research into technology strategy development and risk management. Chapters include:\u003c\/p\u003e\r\n\u003cp\u003e\u003ca id=\"product-description-more\"\u003e\u003c\/a\u003eLess\u003c\/p\u003e\r\n\u003cdiv\u003e\r\n\u003cul\u003e\r\n\u003cli\u003eTechnology: Innovation, Convergence and Disruption\u003c\/li\u003e\r\n\u003cli\u003eTechnology Strategy and Strategic Technology Risks\u003c\/li\u003e\r\n\u003cli\u003eStrategic Technology Positioning, Execution and Operations Risks\u003c\/li\u003e\r\n\u003cli\u003eRegulation of Strategic Technology Risks\u003c\/li\u003e\r\n\u003cli\u003eStrategic IT Baseline\u003c\/li\u003e\r\n\u003cli\u003eCore Systems Replacement Risks\u003cspan\u003e \u003c\/span\u003e\n\u003c\/li\u003e\r\n\u003cli\u003eManagement of Strategic Technology Risks\u003c\/li\u003e\r\n\u003cli\u003eRegister of Strategic Technology Risks\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003cul\u003e\u003c\/ul\u003e\r\n\u003cp\u003e \u003c\/p\u003e\r\n\u003cp\u003eIn particular, the Register chapter is designed to save firms significant effort, time and as a result, money, in developing their own Strategic Technology Risk Register. \u003c\/p\u003e\r\n\u003cul\u003e\u003c\/ul\u003e\r\n\u003cp\u003eThe book is aimed at board and senior-management level, those responsible for setting strategy and managing risks in an organisation and practitioners in the technology and risk-management organisations within financial institutions.  It is also aimed at analysts and investors who are interested in investing in large corporations based on their long-term strategies.\u003c\/p\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769912987990,"sku":"9781782723431","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/str-2d-crop-616pix.png?v=1751976800"},{"product_id":"systemic-operational-risk-theory-case-studies-and-regulation","title":"Systemic Operational Risk","description":"\u003cp\u003e\u003cspan\u003eThe financial industry is still trying to understand how to regulate risks such as those that arose in the PPI and LIBOR scandals. Initiatives to address systemic risk by international regulators include micro-prudential regulations, such as increasing capital for systemically important banks, and macro-prudential initiatives, such as the creation of the European Systemic Risk Board.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cem\u003eSystemic Operational Risk\u003c\/em\u003e\u003cspan\u003e gives readers a better understanding of operational risks that surface across the financial system rather than within one institution.  When considering new products and new business opportunities, readers will be able to analyse how risks can arise when competitors operate in the same markets.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003eSystemic operational risk issues are an unavoidable reality and banks will need to find ways to provide a more realistic stress test to investors and regulators, as such systemic issues will be a risk for the foreseeable future.\u003c\/span\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003eThe book is divided into three sections. 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Each chapter addresses a hot topic of the time, such as rogue trading, or topics that are still very much discussed today, such as key risks indicators and conduct risk.  More recent issues like the SMA reform and the role of regulatory capital are also explored.\u003c\/p\u003e\r\n\u003cbr\u003e\r\n\u003cp\u003eThe book is essential reading for op risk managers and anybody with an interest in the field.\u003c\/p\u003e\r\n\u003c\/div\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769930355030,"sku":"9781782723423","price":30.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/roorm-2d-crop-616pix.png?v=1751976885"},{"product_id":"tail-risk-hedging-theory-and-practice","title":"Tail Risk Hedging","description":"\u003cp\u003e\u003cspan\u003eSince the global financial crisis, investors have been faced with the difficult question of how to generate returns in a more uncertain and volatile environment while controlling the potential downside. 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Since the global financial crisis, markets have not only seen an unprecedented expansion of financial regulation, but also an emergence of new threats such as: cyber and conduct risk; a refocusing of policy-making and regulation around ESG; and, of course, the impact of Covid-19. In response, NFR has now become one of the most important areas of focus for financial institutions, with some banks having more than 50% of their economic capital allocated to this risk portfolio.\u003c\/p\u003e\r\n\u003cp\u003eIn this exciting new Risk Books title – the first book dedicated to NFR – Thomas Kaiser (Professor Kaiser Risk Management Consulting and Goethe University) has curated chapters from 41 authors in senior positions at leading banks, insurance companies and consultancies (including Allianz, Deutsche Bundesbank, Commonwealth Bank of Australia, Deutsche Bank, HSBC and ORX), as well as from across academia.\u003c\/p\u003e\r\n\u003cp\u003e\u003cem\u003eNon-financial Risk Management\u003c\/em\u003e instils in the reader a greater understanding of the complex relationships between the components of NFRs through the real-world experience of the authors. This book not only demonstrates the various components of non-financial risks, and highlights the state-of-the-art approaches for their management, but shows what can be learned from a risk-mitigation perspective (including, but not limited to, Covid-19), allowing readers to better implement efficient and effective methods and processes.\u003c\/p\u003e\r\n\u003cp\u003eThe 26 chapters are divided into five parts, each with an illuminating introduction written by the editor:\u003c\/p\u003e\r\n\u003cul\u003e\r\n\u003cli\u003ePart 1 – \u003cem\u003eThe Origins of Non-Financial Risk Management\u003c\/em\u003e: a look at the history of NFR, starting with Basel and enterprise risk management, and moving through the psychology of NFR and finally to its taxonomy.\u003c\/li\u003e\r\n\u003cli\u003ePart 2 – \u003cem\u003eGovernance of Non-Financial Risk Management\u003c\/em\u003e: risk culture, the three lines of defence and agile governance structures.\u003c\/li\u003e\r\n\u003cli\u003ePart 3 – \u003cem\u003eTools and Instruments for Non-Financial Risk Management\u003c\/em\u003e: risk mitigation is looked at in depth, and chapters elucidate real-world management techniques.\u003c\/li\u003e\r\n\u003cli\u003ePart 4 – \u003cem\u003eFocus Areas of Non-Financial Risk Management\u003c\/em\u003e: a deep dive into information security, conduct risk, reputational risk, financial crime and more.\u003c\/li\u003e\r\n\u003cli\u003ePart 5 – \u003cem\u003eThe Future of Non-Financial Risk Management\u003c\/em\u003e: chapter authors predict which NFRs will be tomorrow’s hot topics.\u003c\/li\u003e\r\n\u003c\/ul\u003e\r\n\u003cp\u003eThis title is aimed at regulators, academics, auditors, consultants or anyone working within risk management, either from a risk-taker (1st line of defence), risk oversight (2nd line of defence) or auditing (3rd line of defence) vantage point, wanting to better understand where non-financial risk came from and where it is heading to.\u003c\/p\u003e","brand":"Risk Books","offers":[{"title":"Default Title","offer_id":50769986388310,"sku":"9781782724421","price":145.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0904\/4433\/3398\/files\/nfrm-2d-411x616pixels.png?v=1751977994"}],"url":"https:\/\/www.riskbooks.com\/collections\/op-risk.oembed?page=2","provider":"Risk Books","version":"1.0","type":"link"}