ABOUT THE BOOK

This book equips practitioner of operational risk with all of the framework elements that are needed in order to establish a successful operational risk framework. The book provides real-life examples of successful methods and tools while facing head-on the cultural challenges that are prevalent in this field. This book provides insight into some of the operational risk events that have occurred in the past 10 years. The author explores how the regulatory framework has evolved over the past few years in response to these events and in response to the recent economic crises and proposes effective approaches to meet both global regulatory expectations and the industry's risk management goals. The framework proposed provides practical steps to ensure effective identification, assessment, monitoring, and mitigation of operational risks.