Suchergebnisse

• eBook-Kapitel aus dem Buch Wettbewerbsvorteil Risikomanagement

  Management von operationellen Risiken in Finanzinstituten: Qualitative Verfahren

  Dr. Gerrit Jan van den Brink

  …Operational Risk wird ist im Rahmen der aufsichtsrechtlichen Diskussion wie folgt definiert1: Operational risk is defined as the risk of loss resulting from… …inadequate or failed internal processes, people and systems or from external events. This definition in- cludes legal risk, but excludes strategic and… …reputational risk. Das Management operationeller Risiken in Banken hat durch die aufsichtsrecht- lichen Entwicklungen bedeutenden Rückenwind erfahren. Der… …Practices for the Management and Supervision of Operational Risk“ verab- schiedet. In diesem Dokument befinden sich 10 Grundsätze für Banken und Aufse- her… …zum Thema Operational Risk Management. Viele dieser Grundsätze sind auch in den Mindestanforderungen an das Risikomanagement (MaRisk) aufgenommen, die… …19.1.2007 Dr. Gerrit Jan van den Brink 178 Die Zusammenhänge zwischen den regulatorischen Anforderungen für das Operational Risk Management können… …nicht richtig, das Ziel des Operational Risk Managements in Banken auf die Erfüllung regulatorischer Anforderungen zu reduzieren. Ein gutes Operational… …Risk Management macht sich für die Banken in folgender Form be- merkbar: – Die Anzahl der Verluste reduziert sich, weil auf Basis der Risikoanalyse… …International Convergence on Capital Measurement and Capital Standards Sound Practices on the Management and Supervision of Operational Risk Interpretations… …eine notwendige Voraussetzung für den Erfolg des Operational Risk Managements. So lange diese Kulturentwicklung noch nicht weit vorangeschritten ist…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Questionnaire Results

  Thomas Henschel

  …and the implementation of risk management in German small to medium-sized enterprises. In a first approach, the current state of risk management has… …results of the essentially descriptive examinations are used to develop a “scoring” ap- proach, which shall help to estimate the sophistication of risk… …management systems (Section 4.4). To validate the self-developed scoring of “risk man- agement practices,” the questionnaire results will be analysed by… …Firstly, the “basic variables” of the questionnaire sample is studied (Section 4.2.1). Then business planning, the pivotal element of a comprehensive risk… …management approach, is discussed (Section 4.2.2). As a first step toward the main topic of risk management, the univariate analysis reports on early warn- ing… …satisfactory. The average response rate of empirical studies on SME risk management practices goes from 8% to 17% (see Consultation and Research Center of the… …ICAEW, 2005, pp. 6–7; Clink, 2001, p. 90). Questionnaire Results 98 4.2.2 Business Planning as a Base for Risk Management As emphasized in the… …literature review (see Section 2.3), a well-developed business planning is seen as an essential instrument for a holistic risk man- agement. Since there are… …not well-developed (see the Appendix F, Question 1.8). 4.2.3 Early Warning Systems for Risk Identification To approach the subject of risk management… …whether they even may overestimate the capability of their risk management efforts. 4.3 Bivariate Analysis In the following sections, selected…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Interview Results

  Thomas Henschel

  …indicated in Chapter 3, the research interviews particu- larly investigated the influence of management behaviour on the risk man- agement in SMEs. Section… …5.2 explores quantitative interview issues. This part covers the same risk management aspects as the corresponding questionnaire in Sec- tion 4.3. In… …proach, scoring variables to judge risk management abilities are constructed (Section 5.3). Then, being specific for the interview approach, the moderating… …effect of management behaviour on the establishing and maintaining of risk management is discussed (Section 5.4). The research interviews were carried out… …and risk management (Section 5.2.5) fol- low. The results are discussed with respect to enterprise size effects as well as with respect to the… …examine whether the risk management practices of the respec- tive firm have been changing over time. The interview firms were selected according to the… …established in our firm. In future, business planning shall be carried out by the controller and no longer by external consultants.” Since in the holistic risk… …analysis is evaluated by the interviews (Table 5.4). Just for “playful” estimating of risk effects what-if analysis and scenario analysis are suitable… …risk management. A medium-sized and a very large firm have already established it formally. Other firms at least estimate that such a link should be… …taken into consideration. Risk management use: Owner-Manager Within the perspectives chosen by the firm, risks are considered simultane- ously with the…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Research Methodology and Research Design

  Thomas Henschel

  …scoring approach of this study and the typology of risk manage- ment practices derived from the scoring. Finally, Section 3.6 briefly reports on the… …in 2002, only little (and unreliable) data was available on the state of risk management in German SMEs (see e.g. Kessler, 2000, p. 64; Kirchner, 2002… …, p. 200). This gave rise to the decision to determine current risk management practices in German SMEs by an explor- ative approach. The literature… …review has impressively revealed that risk management is a relatively new research area. No general standard has been established for risk management being… …suitable for SMEs (see, for example, ICAEW, 2005; Alquier and Tignol, 2006). Most literature sources on risk management deal with large firms. Concerning the… …. Moreover, getting an overview of current risk management prac- tices means holding a larger number of case studies; the generalization of the results of only… …a sensible and cost-effective opportunity of obtain- ing an overview of the current situation of risk management in SMEs. Since SMEs have a very… …, p. 8). Therefore a questionnaire will only be a first step (carried out in 2002 and 2004) to investigate the current state of risk manage- ment in… …between the components of a holistic risk management and for an inves- tigation of the differences in the patterns of decision-making on the part of the… …divided into the following main topics: management be- haviour, business planning, Balanced Scorecard and similar instruments, risk management and project…

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• eJournal-Artikel aus "Zeitschrift Interne Revision" Ausgabe 6/2009

  Praktische Ausgestaltung von COSO ERM in Versicherungsunternehmen

  DIIR-Arbeitskreis "Interne Revision in der Versicherungswirtschaft"

  …Versicherungswirtschaft“* Im April 2004 hat das Committee of Sponsoring Organizations of the Treadway Commission das COSO Enterprise Risk Management (COSO ERM) vorgestellt… …. coso.org) STRATEGIC OPERATIONS Internal Environment Objective Setting Event Identification Risk Assessment Risk Response Control Activities Information &… …Chancen) dargestellt werden. 4. Risikobeurteilung (Risk Assessment): Hier sollten die Risiken bewertet und die wesentlichen Risiken (Hauptrisikotreiber) für… …. 5. Risiko-Maßnahmen (Risk Response): Hier sollten zu den ausgewählten Risiken jeweils eine mögliche Handhabung, z. B. Risikotragung…

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• eBook-Kapitel aus dem Buch The Role of Internal Audit in Corporate Governance in Europe

  State of the art Internal Audit

  European Confederation of Institutes of Internal Auditing (ECIIA)

  …systematic, disciplined approach to evaluate and improve the effective- ness of risk management, control, and governance processes (Corporate Governance)… …the effectiveness of risk management, the internal control system and the simultaneous contribution to correct Corporate Governance practice. Since… …necessarily en- sures a better coverage of the audit universe, improves the risk oriented focus of audit activities, avoids redundant audit activities and… …mittees with the following objectives: to better manage accounting and management risk, to ensure the necessary independence required of the auditor, to… …approach, Internal Audit evaluates and improves the effectiveness of risk management and the control and supervision of business processes with respect to… …and have synthesised this to a process and risk oriented audit approach with respect to the financial statement. The IIA suggests the use of the… …internationalisation, group structure, industry, legal re- quirements, management culture, risk attitude etc. are always to be consid- • • • • 3.2 Scope of Internal… …terprise Risk Management. This scope is usually illustrated by means of a cube with the following com- ponents: Basic structuring element is the top-down… …COSO compo- nents should be considered as most relevant: Internal Environment Risk Management • • • • • 3 State of the art Internal Audit 29… …important to measure the risk appetite of the company’s management. To this end, Internal Audit can conduct an audit on ethical questions encom- passing…

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• eBook-Kapitel aus dem Buch Zentrale Tätigkeitsbereiche der Internen Revision

  Informationstechnologie (IT) und Interne Revision (IR)

  Klaus Heese

  …insbesondere eine Verbesserung der wertschöpfenden Kernprozesse zu erreichen. Allerdings sind auch ein ad- äquates Risk Management und wirksame Kontrollsysteme… …befaßt sich mit Enterpri- se Risk Management.6) Beide Rahmenwerke beschäftigen sich mit Risiken und den ihnen begegnenden Kontrollen. Neben anderen… …Framework, Volume1. 2. Aufl. Jersey City 1994. 6) The Committee of Sponsoring Organizations of The Treadway Commission (COSO): Enterprise Risk Management… …Integrated Framework, Volume 1. 2. Auflage Jersey City 1994. The Committee of Sponsoring Oragnizations of the Treadway Commission (COSO): Enterprise Risk…

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• eBook-Kapitel aus dem Buch Interne Revision aktuell

  Prüfung des Managements der OpRisk

  Holger Wagner, Gerhard Löhr

  …Supervision of Operational Risk“, die auch heute noch als Grundregelwerk zumindest für internationale Kreditinstitute empfehlenden Charakter haben. Dabei ist… …Mindestanforderungen an ein Risikomanagementsystem der Banken (Ma- Risk) und zum anderen mit detaillierten Anforderungen an die Quantifizie- rung von Risiken (SolvV)…
• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Conclusion

  Thomas Henschel

  …essential findings of this study. Section 8.1.2 delivers an overview of the scoring approach being developed and the typol- ogy for risk management practices… …derived from it. 8.1.1 Questionnaire and Interview Results The main purpose of this thesis was to investigate the current state of risk management… …practices in the main industries of German SMEs. It explored which factors must be viewed as critical for establishing a risk management system and which… …techniques are currently applied to managing risks (see Section 1.4). The company size is an essential factor to distinguish the sophistication of risk… …management systems. With increasing size risk management is carried out more systematically, with the responsibilities being delegated to more person- nel… …, information technology or auditing have already made stronger efforts on risk management. In contrast to that, the sectors construction and trade are rather… …lagging. Another factor for judging risk management is the personality of the owner or the managing director. Here the educational background and the… …that some owner-managers have quite a fatalistic attitude toward risk management. A danger that must not be underestimated emerges from the fact that… …succession are generally estab- lished badly. The questionnaire survey has demonstrated that SMEs have considerable deficits regarding formal methods of risk… …entire risk position. In micro and small firm, the managing director has the opinion that he can get an overview on risks entirely in his mind. This…

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• eBook-Kapitel aus dem Buch Supply Risk Management

  Problemstellung und Gang der Untersuchung

  Prof. Dr. Michael Henke

  …In: Betriebs-Berater 2004. Heft 33, Die Erste Seite. Zur Risikoberichterstattung deutscher Unternehmen vgl. ausführlich Bungartz, Oliver: Risk… …Sub-Lieferanten multiplizieren sich dabei schnell auf viele Tausend Einzelunternehmen. Vgl. Seifert, Michael: Supply Risk Management. Frühwarnsystem. In: Fracht &… …Logistik. Anzeigen-Sonderveröffentlichung in Die Welt vom 14.10.2005, S. 2; von Platen, Olaf: Den großen Knall verhindern. Supply Risk Management ist im… …Performance and Equity Risk of the Firm. In: Production and Operations Management. Vol. 14 No. 1, Spring 2005, pp. 35–52; Kleindorfer Paul R. and Germaine H… …Supply Risk Management, ersetzen zu können.7 Das Institute for Supply Management™, das in den USA meinungs- bildend ist und von fast allen wichtigen… …Risk“. ___________________________ 1 Vgl. Leidig, Guido und André Jordans: Unternehmensrisiken und Insolvenzgefahren rechtzeitig erkennen. In… …und Logi- stik. Hrsg. Hans-Christian Pfohl. Darmstadt 2002, S. 47. 7 Die Probleme, die mit Hilfe des Supply Risk Management gelöst werden sollen… …, entste- hen primär in der Praxis. Dies belegen auch die bisher zitierten Quellen. Supply Risk Management selbst wird aber zunehmend auch in der Wissenschaft… …Anwendungsorientiertes Forschungsverständnis einer Perspektiven- erweiterung von Überwachung und Risikomanagement um Enterprise und Supply Risk Management Supply Risk… …Management ist keine betriebswirtschaftliche Modeströmung.1 Die Auseinandersetzung mit Supply Risk Management muß sich vielmehr in Zukunft angesichts der…

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