scholarly journals Canada

2020 ◽  
Vol 20 (22) ◽  
Author(s):  
Keyword(s):  
Risk Assessment ◽  
Financial Market ◽  
Bank Of Canada ◽  
Operational Risks ◽  
Quantitative Skills ◽  
Severity Levels

This paper reviews assessment of financial market infrastructures (FMIs) and authorities’ responsibilities in Canada. The report shows that the FMIs have operated normally under a well-established legal and oversight framework that is distinct for Canada. The Bank of Canada (BOC) has issued a Guideline that defines the criteria for identifying FMIs. Recognition of a clearing agency is also required under provincial securities legislation where terms and conditions and the clearing rule would apply. The current oversight approach can benefit from stronger enforcement powers available to the BOC. Provincial securities regulators are encouraged to train FMI oversight staff in advanced quantitative skills to support risk assessment. Further enhancement in managing liquidity and operational risks will help ensure the robust functioning of FMIs. Improvements in cyber resiliency continue in line with international guidance, including industry-wide exercises carried out by FMI operators and participants. However, compliance to endpoint security needs to be tightened by self-attestations and audits of FMI participants. The categorization and reporting of operational incident severity levels could be further coordinated.

scholarly journals ANALYSIS AND PREVENTION OF RISKS IN THE MANUFACTURE OF LABORATORY MICROBIOLOGICAL CULTURE MEDIA BY FMEA METHOD

2019 ◽  
Vol 14 (1) ◽  
pp. 90-98
Author(s):  
Vladimir E Nikitchenko ◽  
Ekaterina O Rystsova ◽  
Anastasiya N Chernysheva
Keyword(s):  
Risk Assessment ◽  
Culture Media ◽  
Negative Consequences ◽  
Nutrient Media ◽  
Effect Analysis ◽  
Risk Levels ◽  
Assessment Protocol ◽  
Operational Risks ◽  
Microbiological Laboratory ◽  
Fmea Method

At all stages of the production of microbiological nutrient media (MNM), the manufacturer, and in particular, the microbiological laboratories that manufacture the media on site, face many operational risks. The presence of such risks, in almost every critical point of production and further operation of the MNM, is due to the presence of common basic requirements for all MNM, which must be taken into account and respected during their development and preparation; as well as the complexity and laboriousness of the very process of manufacturing high-quality differential-diagnostic and other nutrient media, requiring the availability of all the components necessary for preparing these media, equipment, sterile conditions and qualified personnel. In this regard, there is a need to search for effective methods to identify and prevent undesirable situations associated with the production and use of MNM. The aim of this work was to adapt the risk assessment methodology based on the expert method for analyzing the types and consequences of FMEA failures (Failure Mode Effect Analysis) set out in GOST R ISO 31010-2011 for the needs of microbiological laboratories, including those for veterinary and sanitary expertise, producing microbiological nutrient environments and using them. As part of this work, a comparative analysis of risk assessment methods was carried out in order to select the optimal one; adaptation of the QMS principle - risk-oriented thinking and the FMEA method for risk assessment in the implementation of MNM manufacturing processes in a microbiological laboratory (for example, solid agar media); risk assessment protocol forms were developed; calculations of a quantitative assessment of risk levels were carried out in order to determine the need for preventive actions and their implementation in order to minimize the negative consequences of risk in case of its implementation using the developed protocols. The results showed that this technique can be successfully implemented and used in the claimed area.

The role of Financial Market Infrastructures in Financial Stability

2016 ◽  
pp. 20-40
Author(s):  
Serafin Martinez-Jaramillo ◽  
Jose Luis Molina-Borboa ◽  
Bernardo Bravo-Benitez
Keyword(s):  
Risk Assessment ◽  
Financial Market ◽  
Financial Stability ◽  
Financial System ◽  
General Overview ◽  
Proper Functioning ◽  
Financial Transactions ◽  
Adequate Supervision

Financial Market Infrastructures (FMIs) are essential for the well-functioning of the financial system, as they play a central role in facilitating clearance and settlement of financial transactions such as payments, securities, and derivatives contracts. Nowadays, it is widely acknowledged that the proper functioning of systemically important FMIs is also vital to maintain financial stability; their failure for solvency reasons or operational disruptions could almost certainly lead to systemic instability. As a consequence, the adequate supervision of FMIs is inherent to the function of preserving financial stability. The aim of this chapter is to provide a general overview of the different FMIs; discuss their role in financial stability and to give an overview of the efforts made by some financial authorities towards the supervision, risk assessment and reinforcement of FMIs.

scholarly journals Risk-Assessment Model In Lukoil

2014 ◽  
Vol 8 (2) ◽  
pp. 77-90
Author(s):  
A. Anilov ◽  
M. Alexandvov ◽  
D. Grafov ◽  
A. Lukyanov
Keyword(s):  
Risk Assessment ◽  
Research Method ◽  
Model Development ◽  
Assessment Model ◽  
Gasoline Prices ◽  
Risk Assessment Model ◽  
Operational Risks ◽  
Market Risks ◽  
Study Results ◽  
The One

The article presents empirical study results of Lukoil company risk-assessment model development. The study is based on a cash flow at risk method (CFaR). The assessment of Lukoil company risks is made on the end of 2013. The research method includes assessment of market, credit and operational risks. The obtained results demonstrate that oil prices don't affect the company's CFaR too much but the most severe market risk is the one connected with gasoline prices. To reduce CFaR some hedging procedures may be applied, especially for market risks: for example, options and futures can be used to hedge against changes in oil and gasoline prices fluctuations.

scholarly journals Defining Risk Assessment Severity Level of Geographical Indication Product Salak Pondoh (Sallaca edulis cv Reinw) Sleman

2016 ◽  
Vol 3 (3) ◽  
pp. 189
Author(s):  
Muhammad Prasetya Kurniawan ◽  
Wahyu Supartono ◽  
Anggoro Cahyo Sukartiko ◽  
Rizky Brisha Nuary ◽  
Pipit Dwi Puspitasari ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Agricultural Products ◽  
Quality Level ◽  
Geographical Indication ◽  
Severity Level ◽  
Depth Interview ◽  
National Quality ◽  
Severity Levels ◽  
Horticultural Products ◽  
Definition Of

<p>Assessing severity level of agricultural products, including those with geographical indication (GI), is important to properly maintain their quality level. This study aimed to identify risk types of GI products and define their severity levels. The identification of risk types and definition of severity levels of GI products had been done on Salak Pondoh Sleman, which has been certified since 2014. These two objectives had been achieved through two approaches: (1) the use of international/ national quality standards of horticultural products; and (2) in-depth interview with each business actor at all tier of the product’s supply chain. The results are discussed in the paper.  </p><p><strong>Keywords</strong>: geographical indication, risk assessment, Salak Pondoh Sleman, severity level </p>

Distributional Uncertainty for Spectral Risk Measures

2021 ◽  
pp. 476-494
Author(s):  
Mohammed Berkhouch
Keyword(s):  
Risk Assessment ◽  
Financial Market ◽  
Financial Crises ◽  
Risk Measures ◽  
Expected Shortfall ◽  
Risk Measurement ◽  
Spectral Risk Measures ◽  
Quantifying Uncertainty ◽  
Financial Losses ◽  
Robust Framework

Spectral risk measures, primarily introduced as an extension for expected shortfall, constitute a prominent class of risk measures that take account of the decision-makersrisk-aversion. In practice, risk measures are often estimated from data distributions, and due to the uncertain character of the financial market, one has no specific criterium to pick the appropriate distribution. Therefore, risk assessment under different possible scenarios (such as financial crises or outbreaks) is a source of uncertainty that may lead to concerning financial losses. The chapter addresses this issue, first, by adapting a robust framework for spectral risk measures, by considering the whole set of possible scenarios instead of making a specific choice. Second, the author proposes a variability-type approach as an alternative for quantifying uncertainty, since measuring uncertainty provides us with information about how far our risk measurement process could be impacted by uncertainty. Furthermore, the stated theory is illustrated with a practical example from the NASDAQ index.

scholarly journals A disztribúció kiszervezéséhez kapcsolódó ellátási és működési kockázatok (Supply and operational risks in the outsourcing of distribution management)

2012 ◽  
pp. 45-56
Author(s):  
Anikó Bódi-Schubert
Keyword(s):  
Risk Assessment ◽  
Supply Chain ◽  
Literature Review ◽  
Potential Risk ◽  
Qualitative Interviews ◽  
Global Supply Chain ◽  
Distribution Management ◽  
Operational Risks ◽  
General Business ◽  
Supply Chain Risks

A cikk célja, hogy elemző bemutatását adja az ellátási láncok működéséhez, különösen a disztribúciós tevékenység kiszervezéséhez kapcsolódó működési kockázatoknak. Az írás első része az irodalomkutatás eredményeit feldolgozva az ellátási láncok kockázati kitettségének növekedése mögött rejlő okokat törekszik feltárni, s röviden bemutatja a vállalati kockázatkezelés lehetséges lépéseit e téren. A cikk második gondolati egysége mélyinterjúk segítségével összefoglalja és rendszerezi a disztribúció kiszervezéséhez kapcsolódó kockázatokat, számba veszi a kapcsolódó kockázatkezelési lehetőségeket, s bemutatja a megkérdezett vállalatok által alkalmazott kockázat-megelőzési alternatívákat. ______ The aim of this paper is to introduce operational risks of supply chains, especially risks deriving from the outsourcing of distribution management. Based on literature review the first part of the paper talks about the potential reasons of increasing global supply chain risks, and the general business activities of risk assessment. Analyzing the results of semi-structured qualitative interviews, the second part summarizes the risks belonging to the outsourcing of distribution and introduces the potential risk assessment and avoidance opportunities and alternatives in practice.

scholarly journals Operational Risk Assessment of an English Academy in Yogyakarta

2020 ◽  
Vol 9 (2) ◽  
pp. 5-12
Author(s):  
Anastasia Filiana Ismawati
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Data Analysis ◽  
Operational Risk ◽  
Enterprise Risk Management ◽  
Operational Risks ◽  
Long Run ◽  
Enterprise Risk ◽  
Operational Activities

This research was conducted for the risk assessment on the operational activities in order to assist PT. XYZ in managing the operational activities which leads to the goals of the firm. The use of Enterprise Risk Management (ERM) can help the organization to manage the risks holistically using the intergrated methods. This research focused on the risk assessment in PT. XYZ, especially for its operating, and provided a strategy of improvement from the existing risks. The methodology used in this research is a case study with triangulation of sources as the tool to conduct the data analysis. The informants of this research are the Operational Manager of PT. XYZ and five teachers. The data was obtained by conducting interviews and there were six operational risks found which would be best to respond and to manage as soon as possible for minimizing the risks. The result of this research is to hope that PT. XYZ shall be able to manage the risks by using the ERM methodology in order to have the business in the long run and to be successfully competing in the market.

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