IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-1-137-59452-5_4.html
   My bibliography  Save this book chapter

Operational Risk Management: Organizational and Governance Issues

In: Operational Risk Management in Banks

Author

Listed:
  • Giuliana Birindelli

    (“G. d’Annunzio” University of Chieti-Pescara)

  • Paola Ferretti

    (University of Pisa)

Abstract

The centrality of the link between operational risk management and governanceGovernance is underlined by the several cases of financial collapsesFinancial collapse (scandal) , in which losses are mainly connected with supervisory and operational failure on behalf of the top managementTop management . Likewise, a sound operational risk managementOperational risk management (ORM) requires a focus on the organizational structureOrganizational structure , in response to the need of combining measurement systemsSystem with efficient and adequate control units for managing operational riskOperational risk (OR) . In this chapter we analyse the organizational and governance issues related to the measurement and control of operational risk, focusing on the key functions involved (e.g. committee, OR functions), on the interrelationship between the OR function and other functions (internal audit and compliance) as well as on the role of reporting and information technology.

Suggested Citation

  • Giuliana Birindelli & Paola Ferretti, 2017. "Operational Risk Management: Organizational and Governance Issues," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Operational Risk Management in Banks, chapter 0, pages 67-110, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-59452-5_4
    DOI: 10.1057/978-1-137-59452-5_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-1-137-59452-5_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.