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Actual for You - Basel II and Operational Risk - A Primer
Do you sometimes wonder what's the point of setting intentions? Some solo-preneurs set goals and intentions with joy; but others sabotage their business success by subconsciously waiting for their intentions to bomb. Which is it for you?I've spent a lot of time creating vision boards, journaling, writing success recipes-you name it. I would do it all with gusto and secretly wonder, does this really matter? I mean, I've done it for 30 days and, well, where's my millions?Until this past weekend.This past weekend I had the yearly wahoo! of celebrating my birthday. I always take time to reflect (in a good way) over the
Do you sometimes get frustrated that others cannot see the relevance or importance of the kind of business changes you would like to make in your operation? Maybe you had great success in a previous business, developing your team, or you've done some reading and are sold on the value of doing some work on the strategy and vision of your current business.Or is it sometimes the other way round? Do you feel frustration about people advocating change that doesn't seem appropriate for the business; like insisting on an inspiring vision statement when what's needed first is delivering a profitable quarter, or a basic reporting system?<
Credit risk is well catered for in exceptional detail. Credit risks are clearly understood by all players, for credit is the reason why banks exist. In the current mad scramble to meet the Basel II requirements, credit risks have been getting the lion’s share of attention while far less attention has been given to the operational risk issues. Basel II is more than just reserving capital against credit and operational risk. Now for the first time, banks have to take into account the operational risk aspects as well.
To start with, Basel II provides a range of options for determining the capital requirements of credit and operational risks. This allows banks and bank supervisors the opportunity to select the most appropriate option for their operations and their financial market infrastructure. Additionally, allowance is made for a limited degree of national discretion in the way in which eac
Some things to consider are that you want to get the best price whether or not you are buying or selling your specific item. You also need to make sure you are not getting placed into a situation where you send payment and don't receive an item or someone demands an item and will not send payment via your channels. These things happen sadly, regularly on the internet. That could be why in a large part more and more consumers are looking for a "middle-man" to take care of these issues for them.So before you consider going into the world of buy and sell online you may want to consider finding an out-source, it may make your life m
Credit risk is well catered for in exceptional detail. Credit risks are clearly understood by all players, for credit is the reason why banks exist. In the current mad scramble to meet the Basel II requirements, credit risks have been getting the lion’s share of attention while far less attention has been given to the operational risk issues. Basel II is more than just reserving capital against credit and operational risk. Now for the first time, banks have to take into account the operational risk aspects as well.
To start with, Basel II provides a range of options for determining the capital requirements of credit and operational risks. This allows banks and bank supervisors the opportunity to select the most appropriate option for their operations and their financial market infrastructure. Additionally, allowance is made for a limited degree of national discretion in the way in which eac
Many people talk about business strategy but have a great failure to realise exactly what this is - is it surprising that a great deal of business people have a huge problem discussing this when they do not exactly know what this is!Questions that should be asked may include the determination of the fact that is there even a strategy in existence or if so, is this the correct one? Additionally, how do we determine what a strategy is and how does one go about developing one?It is important when developing strategy to look at some of the issues and why a chosen path can go wrong-if one keeps doing the same thing, on
To start with, Basel II provides a range of options for determining the capital requirements of credit and operational risks. This allows banks and bank supervisors the opportunity to select the most appropriate option for their operations and their financial market infrastructure. Additionally, allowance is made for a limited degree of national discretion in the way in which eac
A few months ago, arriving at a client’s office to begin a group meeting, I discovered that two women, who had committed to joining us for a series of meetings, had changed their minds. In less than two minutes, I convinced them to join us. Did I use some sort of magic? You bet I did. Would you like to know that magic?Neuro-Linguistic Programing (NLP), a science that studies the language of the mind, breaks down, step-by-step, the strategies humans use to connect with others. Most people believe that we communicate primarily through language and words. Yet, many business people are aware of body language and its importance in int
To start with, Basel II provides a range of options for determining the capital requirements of credit and operational risks. This allows banks and bank supervisors the opportunity to select the most appropriate option for their operations and their financial market infrastructure. Additionally, allowance is made for a limited degree of national discretion in the way in which eac
Choosing an appropriate corporate business gift might be confusing, as the market these days offers a wide array of gifts ranging from inexpensive personalized items such as pens or mugs to customized laptops, original artwork and even automobiles. Whether you are giving promotional freebies, rewarding your employees or trying to impress management, it is advisable to choose gifts keeping in mind the occasion. Corporate business gifts can be a perfect medium for boosting your company's profile, morale and work effort.Corporate business gifts can range from corporate gift baskets, wines, personalized gifts and any other unique cor
Based on the Basel II requirements, I summarize briefly what needs to be done to effectively implement the operational risk aspects of this important international standard.
The starting point is the board of the bank and the creation of an appropriate “Risk Management Policy”. It should be remembered that bank boards generally do not have members with operations experience. Very often board members are drawn from business areas within the bank whose primary concern is revenue generation. Operational risk controls cost money and generally reduce profits – which means that they are not really a popular boardroom subject. Bank boards need to be educated and coaxed into the role they have to play in the mitigation of Operational Risk.
To effectively implement operational risk controls it is first necessary to identify the risks and then to establish appropriate written board policies and procedures to reduce these. These policies are the foundation for the development of risk control measures and need to be established for the whole range of operational issues includin
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