Risk Management Technology in Financial Services

Risk Management Technology in Financial Services
Author: Dimitris N. Chorafas
Publsiher: Elsevier
Total Pages: 352
Release: 2011-04-08
ISBN: 9780080498096
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Risk Management Technology in Financial Services Book Excerpt:

Written for professionals in financial services with responsibility for IT and risk management, Dimitris Chorafas surveys the methodology required and IT systems and structures to support it according to Basel II. The book is consistent with the risk management certification process of GARP, as well as the accounting rules of IFRS, based on research the author conducted with IASB. The author provices an in-depth discussion of the types of risk, stress analysis and the use of scenarios, mathematical models, and IT systems and infrastructure requirements. * Written in clear, straightforward style for financial industry executives to provide necessary information for risk control decisionmaking * Consistent with GARP, IFRS and IASB risk management processes and procedures * Explains stress testing and its place in risk control

Risk Management Technology in Financial Services

Risk Management Technology in Financial Services
Author: Dimitris N. Chorafas
Publsiher: Unknown
Total Pages: 340
Release: 2007
ISBN: 9780750683043
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Risk Management Technology in Financial Services Book Excerpt:

Written for professionals in financial services with responsibility for IT and risk management, this work surveys the methodology required and IT systems and structures to support it according to Basel II. It also discusses types of risk, stress analysis and the use of scenarios, mathematical models, and IT systems and infrastructure requirements.

Operational Risk Management

Operational Risk Management
Author: Philippa X. Girling
Publsiher: John Wiley & Sons
Total Pages: 391
Release: 2022-02-23
ISBN: 1119836042
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Operational Risk Management Book Excerpt:

Identify, assess, and mitigate operational risk with this practical and authoritative guide In the newly revised second edition of Operational Risk Management: A Complete Guide for Banking and Fintech, accomplished risk executive and expert Philippa Girling delivers an insightful and practical exploration of operational risk in organizations of all sizes. She offers risk professionals and executives the tools, strategies, and best practices they need to mitigate and overcome ever-present operational risk challenges that impact business in all industries. This latest edition includes: Insight into how operational risk can be effectively managed and measured in today's digital banking age. Updates on the latest regulatory guidance on operational risk management requirements in all aspects of the operational risk framework. Updates on the new Basel II capital modeling methodology for operational risk. New explorations of operational risk events in recent years including the impact of the global Covid-19 pandemic. Updated case studies including large events at Wells Fargo, Credit Suisse and Archegos Capital Management. Ideal for executives, managers, and business leaders, Operational Risk Management is also the perfect resource for risk and compliance professionals who wish to refine their abilities to identify, assess, mitigate, and control operational risk.

Management of Financial Services

Management of Financial Services
Author: C. Rama Gopal
Publsiher: Vikas Publishing House
Total Pages: 135
Release: 2022
ISBN: 9325976021
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Management of Financial Services Book Excerpt:

The financial services sector is witnessing rapid changes and innovations―so much so that existing books are hardly able to keep up with the rapid developments in the entire gamut of financial services. This book aims to fill this gap by covering the most recent developments and new products in the sector. Closely following the syllabus of MBA UGC curriculum and PGDM, the book has a single-window approach, that is, to meet the total requirement of students in this subject area in a single book Key Features • Full coverage of MBA, UGC & PGDM syllabus • Contemporary developments, directives of regulatory authorities and recent changes in practices • Real time media reactions echoing the reactions of the investors and general public to the developments • Live examples and real case studies • Examination-oriented questions with answers, as well as frequently asked interview questions with answers

Financial Cybersecurity Risk Management

Financial Cybersecurity Risk Management
Author: Paul Rohmeyer,Jennifer L. Bayuk
Publsiher: Apress
Total Pages: 276
Release: 2018-12-13
ISBN: 1484241940
Category: Computers
Language: EN, FR, DE, ES & NL

Financial Cybersecurity Risk Management Book Excerpt:

Understand critical cybersecurity and risk perspectives, insights, and tools for the leaders of complex financial systems and markets. This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals. Information is provided to help in the analysis of cyber challenges and choosing between risk treatment options. Financial cybersecurity is a complex, systemic risk challenge that includes technological and operational elements. The interconnectedness of financial systems and markets creates dynamic, high-risk environments where organizational security is greatly impacted by the level of security effectiveness of partners, counterparties, and other external organizations. The result is a high-risk environment with a growing need for cooperation between enterprises that are otherwise direct competitors. There is a new normal of continuous attack pressures that produce unprecedented enterprise threats that must be met with an array of countermeasures. Financial Cybersecurity Risk Management explores a range of cybersecurity topics impacting financial enterprises. This includes the threat and vulnerability landscape confronting the financial sector, risk assessment practices and methodologies, and cybersecurity data analytics. Governance perspectives, including executive and board considerations, are analyzed as are the appropriate control measures and executive risk reporting. What You’ll Learn Analyze the threat and vulnerability landscape confronting the financial sector Implement effective technology risk assessment practices and methodologies Craft strategies to treat observed risks in financial systemsImprove the effectiveness of enterprise cybersecurity capabilities Evaluate critical aspects of cybersecurity governance, including executive and board oversight Identify significant cybersecurity operational challenges Consider the impact of the cybersecurity mission across the enterpriseLeverage cybersecurity regulatory and industry standards to help manage financial services risksUse cybersecurity scenarios to measure systemic risks in financial systems environmentsApply key experiences from actual cybersecurity events to develop more robust cybersecurity architectures Who This Book Is For Decision makers, cyber leaders, and front-line professionals, including: chief risk officers, operational risk officers, chief information security officers, chief security officers, chief information officers, enterprise risk managers, cybersecurity operations directors, technology and cybersecurity risk analysts, cybersecurity architects and engineers, and compliance officers

Risk Assessment and Financial Regulation in Emerging Markets Banking

Risk Assessment and Financial Regulation in Emerging Markets  Banking
Author: Alexander M. Karminsky,Paolo Emilio Mistrulli,Mikhail I. Stolbov,Yong Shi
Publsiher: Springer Nature
Total Pages: 396
Release: 2021-05-11
ISBN: 3030697487
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Risk Assessment and Financial Regulation in Emerging Markets Banking Book Excerpt:

This book describes various approaches in modelling financial risks and compiling ratings. Focusing on emerging markets, it illustrates how risk assessment is performed and analyses the use of machine learning methods for financial risk assessment and measurement. It not only offers readers insights into the differences between emerging and developed markets, but also helps them understand the development of risk management approaches for banks. Highlighting current problems connected with the evaluation and modelling of financial risks in the banking sector of emerging markets, the book presents the methodologies applied to credit and market financial risks and integrated and payment risks, and discusses the outcomes. In addition it explores the systemic risks and innovations in banking and risk management by analyzing the features of risk measurement in emerging countries. Lastly, it demonstrates the aggregation of approaches to financial risk for emerging financial markets, comparing the experiences of various countries, including Russia, Belarus, China and Brazil.

Handbook of Blockchain Digital Finance and Inclusion Volume 1

Handbook of Blockchain  Digital Finance  and Inclusion  Volume 1
Author: David LEE Kuo Chuen,Robert H. Deng
Publsiher: Academic Press
Total Pages: 482
Release: 2017-08-03
ISBN: 0128104422
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Handbook of Blockchain Digital Finance and Inclusion Volume 1 Book Excerpt:

Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1: Cryptocurrency, FinTech, InsurTech, and Regulation explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets. Contributors go beyond summaries of standard models to describe new banking business models that will be sustainable and will likely dictate the future of finance. The volume not only emphasizes the financial opportunities made possible by digital banking, such as financial inclusion and impact investing, but it also looks at engineering theories and developments that encourage innovation. Its ability to illuminate present potential and future possibilities make it a unique contribution to the literature. Explores recent advances in digital banking and cryptocurrency, emphasizing mobile technology and evolving uses of cryptocurrencies as financial assets Explains the practical consequences of both technologies and economics to readers who want to learn about subjects related to their specialties Encompasses alternative finance, financial inclusion, impact investing, decentralized consensus ledger and applied cryptography Provides the only advanced methodical summary of these subjects available today

Operational Risk Management in Financial Services

Operational Risk Management in Financial Services
Author: Elena Pykhova
Publsiher: Kogan Page Publishers
Total Pages: 384
Release: 2021-07-03
ISBN: 1789667119
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Operational Risk Management in Financial Services Book Excerpt:

Technology failures, data loss, issues with providers of outsourced services, misconduct and mis-selling are just some of the top risks that keep financial firms up at night. In this context effective operational risk management is, simply, a commercial necessity. The management of operational risk, defined by the Basel Accord as arising from failures of processes, people, systems or external events, has developed considerably since its early years. Continued regulatory focus and catastrophic industry events have led to operational risk becoming a crucial topic on senior management's agenda. This book is a practical guide for practitioners which focuses on how to establish effective solutions and avoid common pitfalls. Filled with frameworks, examples and diagrams, this book offers clear advice on key practices including conducting risk assessments, assessing change initiatives, designing key risk indicators, establishing scenario analysis, drafting appetite statements and carrying out risk reporting. Operational Risk Management in Financial Services also features results from polls taken by risk practitioners which provide a snapshot of current practices and allow the reader to benchmark themselves against other firms. This is the essential guide for professionals looking to derive value out of operational risk management, rather than applying a compliance 'tick box' approach.

A Practical Guide to Financial Services

A Practical Guide to Financial Services
Author: Lien Luu,Jonquil Lowe,Patrick Ring,Amandeep Sahota
Publsiher: Routledge
Total Pages: 246
Release: 2021-12-27
ISBN: 1000516326
Category: Business & Economics
Language: EN, FR, DE, ES & NL

A Practical Guide to Financial Services Book Excerpt:

Financial services are an ever increasing part of the infrastructure of everyday life. From banking to credit, insurance to investment and mortgages to advice, we all consume financial services, and many millions globally work in the sector. Moreover, the way we consume them is changing with the growing dominance of fintech and Big Data. Yet, the part of financial services that we engage with as consumers is just the tip of a vast network of markets, institutions and regulators – and fraudsters too. Many books about financial services are designed to serve corporate finance education, focusing on capital structures, maximising shareholder value, regulatory compliance and other business-oriented topics. A Practical Guide to Financial Services: Knowledge, Opportunities and Inclusion is different: it swings the perspective towards the end-user, the customer, the essential but often overlooked participant without whom retail financial services markets would not exist. While still introducing all the key areas of financial services, it explores how the sector serves or sometimes fails to serve consumers, why consumers need protection in some areas and what form that protection takes, and how consumers can best navigate the risks and uncertainties that are inherent in financial products and services. For consumers, a greater understanding of how the financial system works is a prerequisite of ensuring that the system works for their benefit. For students of financial services – those aspiring to or those already working in the sector – understanding the consumer perspective is an essential part of becoming an effective, holistically informed and ethical member of the financial services community. A Practical Guide to Financial Services: Knowledge, Opportunities and Inclusion will equip you for both these roles. The editors and authors of A Practical Guide to Financial Services: Knowledge, Opportunities and Inclusion combine a wealth of financial services, educational and consumer-oriented practitioner experience.

Handbook on Information Technology in Finance

Handbook on Information Technology in Finance
Author: Detlef Seese,Christof Weinhardt,Frank Schlottmann
Publsiher: Springer Science & Business Media
Total Pages: 800
Release: 2008-05-27
ISBN: 3540494871
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Handbook on Information Technology in Finance Book Excerpt:

This handbook contains surveys of state-of-the-art concepts, systems, applications, best practices as well as contemporary research in the intersection between IT and finance. Included are recent trends and challenges, IT systems and architectures in finance, essential developments and case studies on management information systems, and service oriented architecture modeling. The book shows a broad range of applications, e.g. in banking, insurance, trading and in non-financial companies. Essentially, all aspects of IT in finance are covered.

Technology and Banking

Technology and Banking
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises
Publsiher: Unknown
Total Pages: 296
Release: 1999
ISBN: 1928374650XXX
Category: Banks and banking
Language: EN, FR, DE, ES & NL

Technology and Banking Book Excerpt:

People s Republic of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications of Fintech for the Regulation and Supervision of the Financial Sector

People   s Republic of China   Hong Kong Special Administrative Region  Financial Sector Assessment Program Technical Note Implications of Fintech for the Regulation and Supervision of the Financial Sector
Author: International Monetary,International Monetary Fund. Monetary and Capital Markets Department
Publsiher: International Monetary Fund
Total Pages: 57
Release: 2021-06-15
ISBN: 1513573276
Category: Business & Economics
Language: EN, FR, DE, ES & NL

People s Republic of China Hong Kong Special Administrative Region Financial Sector Assessment Program Technical Note Implications of Fintech for the Regulation and Supervision of the Financial Sector Book Excerpt:

he Hong Kong Special Administrative Region (HKSAR) is among the world’s major fintech hubs, well positioned to develop fintech initiatives from its traditional strengths in financial services. Key factors enabling the HKSAR to emerge as a fintech hub include its presence as an international financial center, its free-flowing talent and capital, a highly developed information and technology communication (ITC) infrastructure, and its most unique trait, a geographical and strategic advantage by proximity to the market in Mainland China.

Managing Operational Risk

Managing Operational Risk
Author: Douglas G. Hoffman
Publsiher: John Wiley & Sons
Total Pages: 580
Release: 2002-01-25
ISBN: 9780471412687
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Managing Operational Risk Book Excerpt:

Published in association with the Global Association of Risk Professionals As e-commerce and globalization continue to expand, so does the level of operational risk, increasing the need for guidance on how to measure and manage it. This is the definitive guide to managing operational risk in financial institutions. Written in a concise, no-nonsense style, and containing numerous real-life case studies, it covers all the bases from the basics of what operational risk is to how to design and implement sophisticated operational risk management systems. Readers will appreciate the up-to-the-minute coverage of the latest techniques and practices to manage operational risk. They will learn how to enhance their positions in the face of anticipated new regulatory standards and capital requirements. Douglas G. Hoffman (Fairfield, CT) is an independent consultant in operational risk management. His firm, Operational Risk Advisors, provides executive training and assists financial institutions and corporate clients worldwide in operational risk analysis and mitigation.

Rogues of Wall Street

Rogues of Wall Street
Author: Andrew Waxman
Publsiher: John Wiley & Sons
Total Pages: 240
Release: 2017-05-01
ISBN: 1119380146
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Rogues of Wall Street Book Excerpt:

Reduce or prevent risk failure losses with new and emerging technologies Rogues of Wall Street analyzes the recent risk failures and errors that have overwhelmed Wall Street for the past decade. Written by a veteran risk, compliance, and governance specialist, this book helps bank leaders and consultants identify the tools they need to effectively manage operational risk. Citing different types of risk events such as: Rogue and Insider Trading, cyber security, AML, the Mortgage Crisis, and other major events, chapters in the first half of the book detail each operational risk type along with its causative and contributing factors. The second half of the book takes an overarching approach to the tools and solutions available to financial institutions to manage such events in the future. From technology, to culture, to governance, and more, this book does more than simply identify the problem—it provides real-world solutions with actionable insight. Expert discussion identifies the tools financial institutions have at their disposal, and how these tools can be leveraged to create an environment in which catastrophic events are prevented or mitigated. In-depth insight from an industry specialist provides thought-provoking guidance for leaders seeking more effective risk management, and specifically addresses how to: Analyze major operational risk incidents and their underlying causes Investigate the tools that allow organizations to prevent and mitigate catastrophic events Learn how culture and governance can be optimized to support effective risk management Identify ways in which cognitive technologies could help your firm avoid losses Cognitive technologies have the potential to revolutionize the way business is done; eliminating the speed/cost/quality trade-off, these new and emerging tools are heralding the next leap in the evolution of risk management. Rogues of Wall Street shows you how bring these tools into your organization, and how they can contribute to your financial success.

Non financial Risk Management in the Financial Industry

Non financial Risk Management in the Financial Industry
Author: Norbert Gittfried,Georg Lienke,Florian Seiferlein,Jannik Leiendecker,Bernhard Gehra
Publsiher: Frankfurt School Verlag
Total Pages: 374
Release: 2022-04-13
ISBN: 3956471903
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Non financial Risk Management in the Financial Industry Book Excerpt:

Managing environment, social and governance (ESG) risk, compliance risk and non-financial risk (NFR) has become increasingly critical for businesses in the financial services industry. Furthermore, expectations by regulators are ever more demanding, while monetary sanctions are being scaled up. Accordingly, ESG, Compliance and NFR risk management requires sophistication in various aspects of a risk management system. This handbook analyses a major success factor necessary for meeting the requirements of modern risk management: an institution-specific target operating model (TOM) – integrating strategy, governance & organisation, risk management, data architecture and cultural elements to ensure maximum effectiveness. Also, institutions need to master the digital transformation for their business model to be sufficiently sustainable for the years to come. This book will offer ways on how to achieve just that. The book has been written by senior ESG, Compliance and NFR experts from key markets in Europe, the U.S. and Asia. It gives practitioners the necessary guidance to master the challenges in today's global risk environment. Each chapter covers key regulatory requirements, major implementation challenges as well as both practical solutions and examples.

Risk Management in Electronic Banking

Risk Management in Electronic Banking
Author: Jayaram Kondabagil
Publsiher: John Wiley & Sons
Total Pages: 287
Release: 2007-10-26
ISBN: 0470822430
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Risk Management in Electronic Banking Book Excerpt:

This book, based on international standards, provides a one-step reference to all aspects of risk management in an electronic banking environment.

Identifying Software Project Risks in the Canadian Financial Services Sector

Identifying Software Project Risks in the Canadian Financial Services Sector
Author: John A. Estrella
Publsiher: Agilitek Corporation
Total Pages: 223
Release: 2007
ISBN: 0978243501
Category: Business
Language: EN, FR, DE, ES & NL

Identifying Software Project Risks in the Canadian Financial Services Sector Book Excerpt:

Abstract (Summary) Frequent occurrence of software project failures has created two general streams of research. One theme analyzed the common causes of cost overruns, late schedules, and unmet scope. With the belief that project failures are avoidable through proactive means, another group of researchers investigated software project risks. With such intent, comparative studies were conducted in Finland, Hong Kong, and the United States. Subsequent research in Nigeria determined the impact of the socioeconomic context. To further extend the coverage of prior studies, the research in the current study focused specifically on the Canadian financial services sector. Project managers were solicited for input to discover, determine, and rank risk factors in software projects using the same research design that was used in previous comparative research studies--a three-phase Delphi survey that uses nonparametric statistical techniques. In sharp contrast to prior studies, however, this research aimed not for general applications of the results at the country level but for specific collective relevance to software projects in banks, trust companies, insurance companies, mutual fund companies, and similar organizations. The composite rankings of the studies in Hong Kong, Finland, and the United States listed lack of management commitment, inability to get user commitment, and misunderstanding of the requirements as the top three risk items in software projects. Given that only the misunderstanding of requirements made it into the top three risk items in Nigeria, it would be of value to scholars and practitioners to determine how the results would differ if the study was conducted in a specific sector in the industry. Except for one risk factor (lack of dedicated, full-time project resources), this study confirmed that the previous list of risk factors captured the top risk factors in the Canadian financial services sector.

Operational Risk Management in Financial Services

Operational Risk Management in Financial Services
Author: Anthony Tarantino
Publsiher: John Wiley and Sons
Total Pages: 24
Release: 2010-12-16
ISBN: 0470909684
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Operational Risk Management in Financial Services Book Excerpt:

Banking is at the forefront of the effort to quantify and measure operational risk and as such can be role model beyond the financial services industry. The Basel Committee of the Bank for International Settlements (BIS) has created a new capital accord, known as Basel II. Basel II requires banks to establish an operational risk management (ORM) framework and compute an explicit capital charge for operational risk once it is adopted. This chapter from Goverance, Risk, and Compliance Handbook, by Anthony Tarantino, outlines different approaches, tools, and guidance on operational risk management for financial services companies.

Changes in the Life Insurance Industry Efficiency Technology and Risk Management

Changes in the Life Insurance Industry  Efficiency  Technology and Risk Management
Author: J. David Cummins,Anthony M. Santomero
Publsiher: Springer Science & Business Media
Total Pages: 388
Release: 1999-12-31
ISBN: 9780792385356
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Changes in the Life Insurance Industry Efficiency Technology and Risk Management Book Excerpt:

Ten chapters explore the determinants of firm performance in the life insurance industry by identifying the best practices employed by leading insurers to succeed in the changing business environment. Particular attention is devoted to strategic choices in distribution systems, information technology, mergers and acquisitions, human resources, and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. The book concludes with an analysis of the future opportunities and challenges facing managers. Annotation copyrighted by Book News, Inc., Portland, OR

Fundamentals of Risk Management

Fundamentals of Risk Management
Author: Clive Thompson,Paul Hopkin
Publsiher: Kogan Page Publishers
Total Pages: 472
Release: 2021-12-03
ISBN: 1398602876
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Fundamentals of Risk Management Book Excerpt:

Effective risk management allows opportunities to be maximized and uncertainty to be minimized. This guide for emerging professionals provides a comprehensive understanding of risk management with tools, tips and tactics on how to offer expert insights and drive success. Fundamentals of Risk Management is a detailed and comprehensive introduction to commercial and business risk for students and risk professionals. Completely aligned with ISO 31000 and the COSO ERM Framework, this book covers the key principles of risk management and how to deal with the different types of risk organizations face. The frameworks of business continuity planning, enterprise risk management, and project risk management are covered alongside an overview of international risk management standards and frameworks, strategy and policy. The revised sixth edition includes updates throughout as well as providing new content on trends such as cyber risk, black swan events and climate risk. Supported by relevant international case examples including BP, Singapore Airlines and Darktrace, this book provides a full analysis of changes in contemporary risk areas including digital risk management, risk culture and appetite, supply chain and statutory risk reporting. Supporting online resources include lecture slides with figures, tables and key points from the book.