Principles for the Management of Operational Risk in the Financial Industry

This course, Principles for the Management of Operational Risk in the Financial Industry, is a detailed presentation on best industry practice in the management of operational risk in banks and other financial institutions.

These principles have been developed and issued by the Bank for International Settlements’ (BIS), Basel Committee for Banking Supervision. They also form a part of the well-known “Basel Accords”, which is the set of banking regulations (Basel I, II and III), that provides recommendations on banking regulations in regards to capital risk, market risk and operational risk.

Based on best industry practice and supervisory experience, these principles cover three all-embracing themes: governance, risk management and disclosure.

We examine each of these principles and their relative implementation factors – what the principle means and what should be addressed in putting its requirements in place. We conclude by putting the principles to the test when examining a detailed banking Case Study.

This course brings you up to speed on current practice in the field of managing operational risk in financial institutions.