The invention of operational risk


Thành viên tích cực
Authors: Michael Power - ESRC Centre for Analysis of Risk and Regulation, London School of Economics and Political Science
Source: Review of International Political Economy
Abstract: Until the ‘Basel 2’ reforms to banking supervision, operational risk was largely a residual category for risks and uncertainties which were difficult to quantify, insure and manage in traditional ways. This paper examines the rapid emergence of operational risk from this low epistemic status to its insti- tutionalization as a key component of global banking regulation. However, the meaning and implications of the Basel proposals have been fiercely con- tested by international banks and three key domains of policy controversy have been, and remain, particularly visible: definitional issues, data collection and the limits of quantification. Tensions in these three areas are discussed and reveal the significance of operational risk as a meeting point for di- verse concerns and interests, and as a potential reinvention of a management knowledge hybrid between auditing and finance. The paper draws attention to the ironies and ontradictions of this operational risk programme, which is part of a visionary project to extend ‘enforced self-regulation’ deep into the operations of banking, combining advanced technical modelling ideas on the one hand and softer corporate governance thinking on the other.

Đính kèm

  • The invention of operational risk.rar
    75.5 KB · Xem: 575
Cái này được trích từ quyển sách nào ra hả chị? Em thấy cái số trang là lạ à :D
Có nguồn trích dẫn ở trên mà em!
Source: Review of International Political Economy
sao tôi tải tài liệu về mà giải nén ra không đọc được, thấy có yêu cầu phải gõ password là gì vậy? bạn nào giúp tôi với để có thể đọc đơợc tài liệu :), cảm ơn các bạn

Tin tuyển dụng mới nhất

Thống kê MXH

Tổng số chủ đề
Số bình luận
Tổng số thành viên
Thành viên mới nhất
Bên trên