Tag archive for Financial Institutions

Combining probability distributions in operational risk management

Combining probability distributions in operational risk management

Abstract The major difficulties and challenges which financial institutions face are closely related to the estimation of their level of exposure to operational risk. In their efforts to estimate this level, they construct a probability distribution using expert judgment. In financial institutions however, no common…

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Risk Management in Financial Institutions

Risk Management in Financial Institutions

Author: Dr. J.H.M. van Grinsven; price: € 50,– Risk managers are under pressure to compete in a competitive environment while solidly honoring their professional obligations and navigating their business safely toward the future. Paramount to their success is the ability to identify, assess, formulate and…

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Collaboration methods and tools for Operational Risk Management

Collaboration methods and tools for Operational Risk Management

In this bookchapter collaboration methods and tools are discussed for supporting multiple expert judgment utilized in ORM. First, an overview of ORM will be provided by discussing the main phases of ORM. Second collaboration methods and tools are presented that can be used to support…

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