The subject of this thesis is controlling operational risk in a banking environment. Operational risk is defined as ¿the risk of losses resulting from inadequate or failed internal processes, people, systems, or from external events¿. The definition already points out that this is a broad subject that affects the whole bank. We have chosen to focus on the place of operational risk within the risk management function of banks and on the development of measurement methods for determining the appropriate level of capital needed to cover potential losses resulting from this risk.
|Award date||19 Jun 2003|
|Place of Publication||Enschede|
|Print ISBNs||90 5516 197 7|
|Publication status||Published - 2003|