This assignment solution for FIN219, Operational Risk Management, addresses key aspects of the subject, focusing on the regulatory framework, particularly Basel III reforms and their impact on operational risk. It examines the reasoning behind these reforms, major changes post-global financial crisis, and the approach taken by the Australian Prudential Regulation Authority (APRA) in implementing them. The solution also identifies and discusses major issues and challenges for banks and regulators in implementing Basel III. Furthermore, the assignment explores operational risk assessment methodologies, including qualitative approaches, and delves into various modeling methods used to measure operational risk. It assesses different strategies for managing and mitigating operational risk within financial institutions, providing a comprehensive analysis of the subject matter.
![[object Object]](/_next/static/media/star-bottom.7253800d.svg)
