Anonymous shelf assessment
Measuring and Managing Operational Risk in Financial Institutions
Shelf score 7.5 / 10
On Measuring and Managing Operational Risk in Financial Institutions · Christopher L. Marshall · John Wiley & Sons
Published 4 July 2026
This book provides a comprehensive framework for identifying and quantifying operational risk exposures across financial institutions.
Overview
Published in 2001, this work by Christopher L. Marshall offers an innovative perspective on safeguarding financial institutions against operational risks. It addresses the risks stemming from human error, systems failures, and inadequate controls, which can lead to unexpected losses. The text is particularly relevant as many banks increasingly recognise operational risk as critical, on par with market and credit risks.
The book serves as a guide for firms beginning to establish their operational risk management systems, providing tools and techniques necessary for effective risk identification, measurement, and management. It is aimed at risk managers and analysts within financial institutions, making it a valuable resource for professionals in the field.
By area & interest
Operational Risk Framework
The book outlines a comprehensive framework for understanding and quantifying operational risks, which is essential for financial institutions.
Importance of Operational Risk
It highlights the growing recognition of operational risk as a significant concern for banks, comparable to market and credit risks.
Practical Guidance
Marshall provides practical tools and techniques for firms to develop their operational risk management systems.
Basis of this assessment
The assessment is based on the catalogue description, Google Books metadata, and Open Library subjects.
Strengths
The book offers a thorough examination of operational risk management, making it a crucial resource for financial professionals. Its practical approach equips readers with the necessary tools to address operational risks effectively.
Limitations
As the publication dates back to 2001, some content may not reflect the latest developments in operational risk management practices and regulations.
Ideal reader
This book is ideal for risk managers and analysts in financial institutions seeking to enhance their understanding and management of operational risks.