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Guidance for Operational Risk Management in Government Debt Management

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collection.link.154
https://openknowledge.worldbank.org/handle/10986/7800
collection.name.154
Debt Management Performance Assessment
dc.contributor.author
Magnusson, Tomas
dc.contributor.author
Prasad, Abha
dc.contributor.author
Storkey, Ian
dc.date.accessioned
2017-08-15T15:21:25Z
dc.date.available
2017-08-15T15:21:25Z
dc.date.issued
2010-03
dc.description.abstract
Operational 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.identifier
http://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management
dc.identifier.uri
http://hdl.handle.net/10986/27822
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ASSURANCE
dc.subject
AUDIT COMMITTEE
dc.subject
AUDITORS
dc.subject
BANKING SECTOR
dc.subject
BANKRUPTCY
dc.subject
BORROWING
dc.subject
BUSINESS ENVIRONMENT
dc.subject
BUSINESS RISK
dc.subject
CASH BALANCE
dc.subject
CASH FLOW
dc.subject
CATASTROPHES
dc.subject
CENTRAL BANK
dc.subject
CENTRAL GOVERNMENT DEBT
dc.subject
CODE OF CONDUCT
dc.subject
COLLATERAL
dc.subject
COMMERCIAL LOANS
dc.subject
CONFLICT OF INTEREST
dc.subject
CONTRACTUAL OBLIGATIONS
dc.subject
COVERAGE
dc.subject
CREDIT RISK
dc.subject
CREDIT RISKS
dc.subject
DEBT DATA
dc.subject
DEBT MANAGEMENT
dc.subject
DEBT PAYMENTS
dc.subject
DEBT SERVICE
dc.subject
DERIVATIVES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DISASTERS
dc.subject
DOMESTIC MARKET
dc.subject
DRIVERS
dc.subject
EFFICIENT MARKET
dc.subject
EQUIPMENT
dc.subject
EXCHANGE RATE
dc.subject
EXPOSURE
dc.subject
EXTERNAL BORROWING
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL PORTFOLIO
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL STATEMENTS
dc.subject
FINANCIAL TRANSACTIONS
dc.subject
FISCAL POLICY
dc.subject
FOREIGN BANKS
dc.subject
FRAUD
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT SECURITIES
dc.subject
HUMAN RESOURCE
dc.subject
HUMAN RESOURCES
dc.subject
INADEQUATE SUPERVISION
dc.subject
INCOME
dc.subject
INFORMATION FLOWS
dc.subject
INSURANCE
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE RISK
dc.subject
INTERNAL AUDIT
dc.subject
INTERNAL CONTROL
dc.subject
INTERNATIONAL SETTLEMENTS
dc.subject
LEGAL AUTHORITY
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL RISK
dc.subject
LIQUIDITY
dc.subject
LIQUIDITY RISK
dc.subject
LIQUIDITY RISKS
dc.subject
LOAN
dc.subject
LOAN AGREEMENTS
dc.subject
LOAN GUARANTEES
dc.subject
LOCAL GOVERNMENT
dc.subject
LOCAL GOVERNMENTS
dc.subject
MACROECONOMIC POLICIES
dc.subject
MANAGEMENT OPERATIONS
dc.subject
MARKET BORROWING
dc.subject
MARKET CONFIDENCE
dc.subject
MARKET FOR GOVERNMENT SECURITIES
dc.subject
MARKET PARTICIPANTS
dc.subject
MARKET RISK
dc.subject
MATURITY
dc.subject
MITIGATION
dc.subject
MONETARY POLICY
dc.subject
OPERATIONAL RISK
dc.subject
OPERATIONAL RISKS
dc.subject
OUTPUTS
dc.subject
OUTSOURCING
dc.subject
PORTFOLIO
dc.subject
POWER OUTAGES
dc.subject
PRIMARY DEALERS
dc.subject
PRIVATE SECTOR
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC DEBT MANAGEMENT
dc.subject
REGULATORY CAPITAL
dc.subject
REPUTATION
dc.subject
REPUTATION RISK
dc.subject
RESIGNATION
dc.subject
RISK ASSESSMENT
dc.subject
RISK EXPOSURE
dc.subject
RISK EXPOSURES
dc.subject
RISK MANAGEMENT
dc.subject
RISK MANAGEMENT POLICIES
dc.subject
RISK MANAGEMENT STRATEGIES
dc.subject
RISK PROFILE
dc.subject
RISK PROFILES
dc.subject
SAFETY
dc.subject
SCANDAL
dc.subject
SEGREGATION OF DUTIES
dc.subject
SOVEREIGN DEBT
dc.subject
SUPPLIERS
dc.subject
SWAP
dc.subject
SWAPS
dc.subject
TERRORISM
dc.subject
TRADING
dc.subject
TRANSACTION
dc.title
Guidance for Operational Risk Management in Government Debt Management
en
dc.type
Report
en
okr.date.disclosure
2011-03-23
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20110323045150
okr.identifier.internaldocumentum
13951065
okr.identifier.report
60359
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/419301468153852761/pdf/603590WP0Opera10BOX358315B01PUBLIC1.pdf
en
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Insurance & Risk Mitigation
okr.topic
Finance and Financial Sector Development :: Financial Crisis Management & Restructuring
okr.topic
Finance and Financial Sector Development :: Strategic Debt Management
okr.topic
Governance :: Governance and the Financial Sector
okr.unit
FAB Gov Debt & Risk Mgt Advisory (FABDM)

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