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Description
  • In the current market turbulence operational risk management is a basic function of every financial institution, including insurance companies. In a situation when principles based on prudent business activities and company solvency are malfunctioning and systematic risk is an ancreasing threat, a new system should be applied. This paper provides basic information on the new quantitative CASTL method, offering a practical classification and ranking of risks (risk scenarios). This dynamic model is not based on past risk and eliminates some deficiencies of existing methods such as the risk matrix assessment models. The method presents a novel view of risk assessment not based on existing models. The new CASTL model shows with examples of insurance operational risks one of the many ways in which companies could react and prepare for dealing with asymmetric threat in the future.
  • In the current market turbulence operational risk management is a basic function of every financial institution, including insurance companies. In a situation when principles based on prudent business activities and company solvency are malfunctioning and systematic risk is an ancreasing threat, a new system should be applied. This paper provides basic information on the new quantitative CASTL method, offering a practical classification and ranking of risks (risk scenarios). This dynamic model is not based on past risk and eliminates some deficiencies of existing methods such as the risk matrix assessment models. The method presents a novel view of risk assessment not based on existing models. The new CASTL model shows with examples of insurance operational risks one of the many ways in which companies could react and prepare for dealing with asymmetric threat in the future. (en)
Title
  • New operational risk assessment: the CASTL metod
  • New operational risk assessment: the CASTL metod (en)
skos:prefLabel
  • New operational risk assessment: the CASTL metod
  • New operational risk assessment: the CASTL metod (en)
skos:notation
  • RIV/60162694:G43__/13:00499072!RIV14-MO0-G43_____
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • I
http://linked.open...iv/cisloPeriodika
  • 3
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 91638
http://linked.open...ai/riv/idVysledku
  • RIV/60162694:G43__/13:00499072
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • operational risk; hazard/threat; map of risk (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [CD5A8FA6E789]
http://linked.open...i/riv/nazevZdroje
  • The Journal of Operational Risk
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 8
http://linked.open...iv/tvurceVysledku
  • Urban, Rudolf
  • Urban, Roman
  • Štěpánek, Lukáš
issn
  • 1744-6740
number of pages
http://localhost/t...ganizacniJednotka
  • G43
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