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This book is written by someone who knows their stuff. Although its ostensibly operational risk in financial services 85% of the book is interesting in an non-financial services context: I recommend this book strongly.. Lots of diagrams - lots of tips and insights. Good topical up-dates as well in terms of cyber etc. It rightly says that good root cause analysis is one of the key areas for more insights and covers risk culture as well (although fairly briefly) .. All in all one of my favourite risk books to date - and I have very high standards as many will know!
This book is very succinct, practical and insightful. Whilst I think its particularly useful for all risk professionals, I would recommend it to any professional person as I feel it would help raise their risk awareness in a real way. Its full of some really useful insights and is well written. Whilst there is risk language used throughout, the concepts are broken down in a way to allow any reader to understand.
This book provides an excellent breakdown of the key aspects of managing operational risk applicable for both large and small financial organisations.
It provides a far more practical guide to operational risk management than other literature in this space, particularly in the way in which it describes framework fundamentals and offers interesting discussion points in regards to some of the key topical risks.
This is a genuine must read for both experienced and novice operational risk professionals as well as control officers in first and second lines of defence.
As a Risk Manager I have read many books on the subject; this stands out as being one of the best books on the market. It focuses on the financial sector, but has many sections that read-across into other sectors.
Good concise view of Operational Risk and the standard framework approach used across organisations at an entry level, sets out the fundamentals and material relevant to current industry. Book is a little pricey considering the standard information though.
Chapelle's latest book offers key insights into all of the main tenets of ORM as it follows the framework end to end. Easy to use and backed up with a wealth of practical experience, you know you are in good hands with this title. A great source of reference; either as a complete package or individual sections as needed.
If you are looking for an educational book on operation risk and ERM, best look elsewhere. Too short to be of any real value. "Enterprise Risk Management" by Lam (endorsed by Institute and Faculty of Actuaries) is a much better read.
This is an excellent guide to Operational Risk. It is really easy to read and the practical examples are very helpful, so makes the understanding of what is often a complex topic more straightforward. It has become a standard text within our organisation.