Keywords
Financial
Process
Technology
Information
Expertise
Training
Probability
Measurement
Control
Research
How to Cite
Abstract
This article explains what a bank or financial institution’s operational risk is; how to identify it, quantify it and control it as well as the adequate measures to eliminate or mitigate its effect. A reliable tool to help us understand and manage this type of risk is through the construction of a matrix which allows us to identify it by gathering the Risk levels (viability and Impact) and the associated exposure to the operational risk. An example of this operational risk’s matrix is designed, as well as its results. Lastly, recommendations are proposed to the financial institution for the proper administration of the operational risk.
References
Jorion, Philippe. Handbook of Financial Risk Management. 2001-2002.
Elvira Ojeada. Riesgo Operativo. Asociación Mexicana de Actuarios, XXIII Congreso AMA, set. 2007.
Báez, Bruno. Matriz de Riesgo Operacional. Confederación Alemana de Cooperativas, mayo 2010.
Banco de Pagos Internacionales. Visión General del Nuevo Acuerdo de Capital de Basilea (ASBA), enero 2001.
Asociación de Supervisores Bancarios de las Américas.
Comité de Basilea de Supervisión Bancaria.
Larraín, Christian. Enfoque de Supervisión.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 Unported License.
Copyright (c) 2011 Carlos Palma Rodríguez