Executive Summary/Abstract: Effective exchange of data between different systems is critical to the operational and reporting needs of most businesses. Organizations face various financial and operational risks when this exchange of data does not work appropriately. Addressing these risks requires an approach that considers multiple layers of an interface risk model: the process layer, the appl...

The bankruptcy of financial institutions shows the rapid changes in the risks profiles of financial systems and processes. Although financial institutions have always managed the operational risks, the profile of this kind of risks is changing due to the increasing international competitive pressure and the evolution of the financial institutions’ operational systems relying more and more on IT...

nowadays, strategic planning was very important for every company, many companies realize the importance of strategic planning. holding companies have considered this issue. strategic planning in holding multibusinessess company differs from other single companies based on complexities. holding companies are faced with two important strategic decisions: 1) what areas and how investments should ...

In this paper we distinguish between operational risks depending on whether the operational risk naturally arises in the context of model risk. As the pricing model exposes itself to operational errors whenever it updates and improves its investment model and other related parameters. In this case, it is no longer optimal to implement the best model. Generally, an option is exercised in a jump-...

Working Abstract: It is only recently that banks have begun to take seriously the measurement and management of operational risks. The inclusion of operational risk within Basel II is evidence of its increased importance. Although much previous research into operational risk has been directed at methods for determining levels of economic capital, our research is concerned more locally with the ...