主 题：What do banks know about operational risk?
主讲人：新加坡管理大学 Enoch Chng教授
主持人：西南财经大学经济信息工程学院副院长 李庆教授
时 间：2014年3月14日 18:30~19:30
地 点：柳林校区颐德楼H101
主办单位：经济信息工程学院 科研处
主讲人简介：
Enoch Chng is Associate Professor of Information Systems (Education) at the Singapore Management University (SMU). He is also the Director of SIS (School of Information Systems) Programs in Financial Services (Technology, Operations, Processes and Service Innovation.)
Prior to joining SMU full time, Enoch Chng was a Managing Director in DBS Bank Corporate Office. He set up GFM (Global Financial Markets) Middle Office, revamped customer valuation report policy, developed a framework for GFM systems and laid the ground work for the Monte Carlo pre-settlement credit exposure project.
From May 1998 to Mar 2006 Enoch Chng was the Executive Director of the Specialist Risk Department in the Monetary Authority of Singapore (MAS). The department provides the risk expertise necessary for MAS’ supervisory functions. In addition, the department oversees the payment and settlement of infrastructures with the objective of fostering their integrity, stability and efficiency. Enoch represented the MAS in the Bank for International Settlements Committee on Payment and Settlement Systems.
内容提要：
Financial institutions (FI) are in the business of risk management and reallocation. In the last thirty years, we have seen them using economic modeling in earnest to assist them in managing these tasks. This is especially the case in the area of market risk and credit risk. However not all of the risks faced by FIs can be easily categorized and modeled. For example, the risks of electrical failures or employee fraud do not lend themselves as readily to modeling. Such risks are typically categorized under the rubric of "operational risk." Although there has been a lot of progress in the efforts to quantify operational risk, often it is being overemphasized as a solution. Operational risk management is more about improving management practices than measurement.
In this seminar, Enoch Chng will share how financial institutions assess and manage operational risk, the lessons learnt from recent operational risk events as well as the challenges faced in modeling operational risk.
