Publication:
Guidance for Operational Risk Management in Government Debt Management

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dc.contributor.authorMagnusson, Tomas
dc.contributor.authorPrasad, Abha
dc.contributor.authorStorkey, Ian
dc.date.accessioned2017-08-15T15:21:25Z
dc.date.available2017-08-15T15:21:25Z
dc.date.issued2010-03
dc.description.abstractOperational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. In debt management operations, the categories of risks, such as market risk, credit risk, refinancing risk and liquidity risk, are relatively well known; however operational risk is not. The area has not been given due attention to by government debt managers in developing a risk management framework. A similar conclusion on aspects pertaining to operational risk management is borne out from the early results of the World Bank's assessments using its government Debt Management Performance Assessment (DeMPA) tool. This paper thus, introduces the concepts of operational risk as applied to government debt management (DeM) and attempts to present a framework for debt managers to manage operational risks while undertaking public debt management operations. It draws on existing literature for operational risk management principles and practices that have been formulated by the Bank for International Settlements (BIS) Basel Committee on Banking Supervision, the Committee of Sponsoring Organizations (COSO) and the findings of the DeMPAs.en
dc.identifierhttp://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management
dc.identifier.doi10.1596/27822
dc.identifier.urihttps://hdl.handle.net/10986/27822
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectASSURANCE
dc.subjectAUDIT COMMITTEE
dc.subjectAUDITORS
dc.subjectBANKING SECTOR
dc.subjectBANKRUPTCY
dc.subjectBORROWING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS RISK
dc.subjectCASH BALANCE
dc.subjectCASH FLOW
dc.subjectCATASTROPHES
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCODE OF CONDUCT
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL LOANS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONTRACTUAL OBLIGATIONS
dc.subjectCOVERAGE
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectDEBT DATA
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT PAYMENTS
dc.subjectDEBT SERVICE
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISASTERS
dc.subjectDOMESTIC MARKET
dc.subjectDRIVERS
dc.subjectEFFICIENT MARKET
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPOSURE
dc.subjectEXTERNAL BORROWING
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PORTFOLIO
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFISCAL POLICY
dc.subjectFOREIGN BANKS
dc.subjectFRAUD
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT SECURITIES
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCES
dc.subjectINADEQUATE SUPERVISION
dc.subjectINCOME
dc.subjectINFORMATION FLOWS
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISK
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL CONTROL
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectLEGAL AUTHORITY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL RISK
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RISK
dc.subjectLIQUIDITY RISKS
dc.subjectLOAN
dc.subjectLOAN AGREEMENTS
dc.subjectLOAN GUARANTEES
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMANAGEMENT OPERATIONS
dc.subjectMARKET BORROWING
dc.subjectMARKET CONFIDENCE
dc.subjectMARKET FOR GOVERNMENT SECURITIES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET RISK
dc.subjectMATURITY
dc.subjectMITIGATION
dc.subjectMONETARY POLICY
dc.subjectOPERATIONAL RISK
dc.subjectOPERATIONAL RISKS
dc.subjectOUTPUTS
dc.subjectOUTSOURCING
dc.subjectPORTFOLIO
dc.subjectPOWER OUTAGES
dc.subjectPRIMARY DEALERS
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT MANAGEMENT
dc.subjectREGULATORY CAPITAL
dc.subjectREPUTATION
dc.subjectREPUTATION RISK
dc.subjectRESIGNATION
dc.subjectRISK ASSESSMENT
dc.subjectRISK EXPOSURE
dc.subjectRISK EXPOSURES
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT POLICIES
dc.subjectRISK MANAGEMENT STRATEGIES
dc.subjectRISK PROFILE
dc.subjectRISK PROFILES
dc.subjectSAFETY
dc.subjectSCANDAL
dc.subjectSEGREGATION OF DUTIES
dc.subjectSOVEREIGN DEBT
dc.subjectSUPPLIERS
dc.subjectSWAP
dc.subjectSWAPS
dc.subjectTERRORISM
dc.subjectTRADING
dc.subjectTRANSACTION
dc.titleGuidance for Operational Risk Management in Government Debt Managementen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleGuidance for Operational Risk Management in Government Debt Management
okr.date.disclosure2011-03-23
okr.date.doiregistration2025-05-07T09:15:59.047188Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management
okr.guid419301468153852761
okr.identifier.externaldocumentum000356161_20110323045150
okr.identifier.internaldocumentum13951065
okr.identifier.report60359
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/419301468153852761/pdf/603590WP0Opera10BOX358315B01PUBLIC1.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.topicFinance and Financial Sector Development::Financial Crisis Management & Restructuring
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicGovernance::Governance and the Financial Sector
okr.unitFAB Gov Debt & Risk Mgt Advisory (FABDM)
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