1 / 8

PRMIA/ISDA Operational Risk in E Trading

PRMIA/ISDA Operational Risk in E Trading. London Wednesday 10th April 2002 G D Woods Managing Director +44 207 678 3633 David.Woods@abnamro.com. E Risks. Aren’t really new Market & Credit Risk work differently in an e-environment Operational Risk more discussed. Seven Types of Risk.

sancho
Télécharger la présentation

PRMIA/ISDA Operational Risk in E Trading

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PRMIA/ISDAOperational Risk in E Trading London Wednesday 10th April 2002 G D Woods Managing Director +44 207 678 3633 David.Woods@abnamro.com

  2. E Risks • Aren’t really new • Market & Credit Risk work differently in an e-environment • Operational Risk more discussed Property of ABN AMRO Bank N.V.

  3. Seven Types of Risk • Inside the Organisation- People- Processes- Technology- Strategy • Outside the Organisation- Business Environment- Legal Systems- Bad Guys (Attribution - Dr Nigel Upton, LBS) Property of ABN AMRO Bank N.V.

  4. Risks that Change • FX Risk • IR Risk • Liquidity Risk • Reputation Risk • Customer Acquisition Risk • Speed Property of ABN AMRO Bank N.V.

  5. A Checklist of e-Business Risk Issues Risk Source Check Risk Issues (Attribution - Dr Nigel Upton, LBS) Property of ABN AMRO Bank N.V.

  6. What we’re trying to achieve • Lower error rates • Lower costs • Acceptable Risk/return Property of ABN AMRO Bank N.V.

  7. And the Potholes... • Mistakes are more costly • Higher 3rd party risks • Risk clustering • Resource availability • Product scalability Property of ABN AMRO Bank N.V.

  8. Management • Must understand Risks & effect on Business process • Decide on Risks • Accept Risks • Instil culture of Risk awareness Property of ABN AMRO Bank N.V.

More Related