國立虎尾科技大學 |

Operational Losses : = Lessons from Seven of the Largest Rogue Trading Events in History.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Operational Losses :/
Reminder of title:	Lessons from Seven of the Largest Rogue Trading Events in History.
Author:	Morat, Patricio Leonel.
Description:	1 online resource (158 pages)
Notes:	Source: Masters Abstracts International, Volume: 56-04.
Contained By:	Masters Abstracts International56-04(E).
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9781369758153

Operational Losses : = Lessons from Seven of the Largest Rogue Trading Events in History.
Morat, Patricio Leonel.

Operational Losses :Lessons from Seven of the Largest Rogue Trading Events in History. - 1 online resource (158 pages)

Source: Masters Abstracts International, Volume: 56-04.

Thesis (M.S.)

Includes bibliographical references

Operational risk is the risk of losses arising from the failure of people, processes, and systems, and from external events. A general opinion is that, unlike market risk and credit risk, operational risk is idiosyncratic in the sense that when it manifests in one firm, it does not spread to other firms. This view implies the absence of contagion and that operational risk is firm-specific, not systemic, but there is some new evidence from the Federal Reserve Bank (FRB) that suggests frequencies track both firm and macro variables.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9781369758153Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Operational Losses : = Lessons from Seven of the Largest Rogue Trading Events in History.
LDR:03265ntm a2200397Ki 4500 001 911679
005 20180531091027.5
006 m o u
007 cr mn||||a|a||
008 190606s2017 xx obm 000 0 eng d
020 $a 9781369758153
035 $a (MiAaPQ)AAI10278918
035 $a (MiAaPQ)uncc:11411
035 $a AAI10278918
040 $a MiAaPQ $b eng $c MiAaPQ
099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Morat, Patricio Leonel. $3 1183662
245 1 0 $a Operational Losses : $b Lessons from Seven of the Largest Rogue Trading Events in History.
264 0 $c 2017
300 $a 1 online resource (158 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Masters Abstracts International, Volume: 56-04.
500 $a Adviser: Rob R. McGregor.
502 $a Thesis (M.S.) $c The University of North Carolina at Charlotte $d 2017.
504 $a Includes bibliographical references
520 $a Operational risk is the risk of losses arising from the failure of people, processes, and systems, and from external events. A general opinion is that, unlike market risk and credit risk, operational risk is idiosyncratic in the sense that when it manifests in one firm, it does not spread to other firms. This view implies the absence of contagion and that operational risk is firm-specific, not systemic, but there is some new evidence from the Federal Reserve Bank (FRB) that suggests frequencies track both firm and macro variables.
520 $a Until the emergence of the "Basel 2" reforms to banking supervision in the mid to late 90s, operational risk was largely an afterthought because these uncertainties were difficult to quantify, insure against, and manage in traditional ways. The last 15 years have witnessed the rapid emergence of operational risk from this low status to its institutionalization as a key component of enterprise risk management and global banking regulation. Some authors find it tempting to regard Nick Leeson, the "rogue" trader attributed with the destruction of the legendary Barings bank in 1995, as the true inventor of "operational risk."
520 $a The magnitude of loss and the impact of operational risk and losses to date are difficult to ignore. We have seen an increase in the number of large operational losses during times of economic stress. The times of market and economic stress magnify the severity of the large operational losses and lead to the eventual unraveling of the losses in the public eye.
520 $a The research reveals a significant number of similarities between the cases of rogue trading. These results support the hypothesis that failures both internal and external to the companies analyzed facilitated the emergence of rogue trading activities, specially driven by fragmented control environments and incentive schemes undermining financial institutions' risk culture.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Business administration. $3 1148568
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0310
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The University of North Carolina at Charlotte. $b Economics. $3 1183663
773 0 $t Masters Abstracts International $g 56-04(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10278918 $z click for full text (PQDT)