Tag archive for Operational Risk

Verbeteren van Operationeel Risico Management in Financiële Instellingen.

Verbeteren van Operationeel Risico Management in Financiële Instellingen.

Het risicomanagement van financiële instellingen is een veel besproken onderwerp in de politiek, de wetenschap en onder (internationale) wet- en regelgevers. Operationele risico’s lenen zich niet goed voor traditionele risicomanagement methoden en technieken. Dit komt omdat de verliezen van dit type risico de resultante is…

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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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Solvency II understanding operational risk

Solvency II understanding operational risk

Recent developments in operational risk management, guidelines by the rating agencies and the forthcoming Solvency II regime increase insurer’s focus on operational risk. Insurers consequently have to decide on their approach to managing operational risk. Grinsven, van. Jürgen H. M., Bloemkolk, Remco., Solvency II Understanding…

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Solvency II dealing with operational risk

Solvency II dealing with operational risk

Historically, insurers have focused on understanding and managing investment and underwriting risk. However, recent developments in operational risk management, guidelines by the rating agencies and the forthcoming Solvency II regime increase insurers’ focus on operational risk, Insurers consequently have to decide on their approach to…

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Supporting operational risk management using a GSS

Supporting operational risk management using a GSS

While individual self-assessments are currently the leading practice, the trend is more towards group-facilitated self-assessments. There is a need to support these group-facilitated assessments using Group Support Systems. In this article we discuss how Group Support Systems (GSS) can be used to support expert judgment…

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