Guidance for Operational Risk Management in Government Debt Management
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, refinancin...
| Main Authors: | , , |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management http://hdl.handle.net/10986/27822 |
| id |
okr-10986-27822 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-278222021-04-23T14:04:44Z Guidance for Operational Risk Management in Government Debt Management Magnusson, Tomas Prasad, Abha Storkey, Ian ASSURANCE AUDIT COMMITTEE AUDITORS BANKING SECTOR BANKRUPTCY BORROWING BUSINESS ENVIRONMENT BUSINESS RISK CASH BALANCE CASH FLOW CATASTROPHES CENTRAL BANK CENTRAL GOVERNMENT DEBT CODE OF CONDUCT COLLATERAL COMMERCIAL LOANS CONFLICT OF INTEREST CONTRACTUAL OBLIGATIONS COVERAGE CREDIT RISK CREDIT RISKS DEBT DATA DEBT MANAGEMENT DEBT PAYMENTS DEBT SERVICE DERIVATIVES DEVELOPING COUNTRIES DISASTERS DOMESTIC MARKET DRIVERS EFFICIENT MARKET EQUIPMENT EXCHANGE RATE EXPOSURE EXTERNAL BORROWING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PORTFOLIO FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FISCAL POLICY FOREIGN BANKS FRAUD GOVERNMENT DEBT GOVERNMENT SECURITIES HUMAN RESOURCE HUMAN RESOURCES INADEQUATE SUPERVISION INCOME INFORMATION FLOWS INSURANCE INTEREST RATE INTEREST RATE RISK INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL SETTLEMENTS LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL RISK LIQUIDITY LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN AGREEMENTS LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC POLICIES MANAGEMENT OPERATIONS MARKET BORROWING MARKET CONFIDENCE MARKET FOR GOVERNMENT SECURITIES MARKET PARTICIPANTS MARKET RISK MATURITY MITIGATION MONETARY POLICY OPERATIONAL RISK OPERATIONAL RISKS OUTPUTS OUTSOURCING PORTFOLIO POWER OUTAGES PRIMARY DEALERS PRIVATE SECTOR PUBLIC DEBT PUBLIC DEBT MANAGEMENT REGULATORY CAPITAL REPUTATION REPUTATION RISK RESIGNATION RISK ASSESSMENT RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MANAGEMENT STRATEGIES RISK PROFILE RISK PROFILES SAFETY SCANDAL SEGREGATION OF DUTIES SOVEREIGN DEBT SUPPLIERS SWAP SWAPS TERRORISM TRADING TRANSACTION 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. 2017-08-15T15:21:25Z 2017-08-15T15:21:25Z 2010-03 Report http://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management http://hdl.handle.net/10986/27822 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ASSURANCE AUDIT COMMITTEE AUDITORS BANKING SECTOR BANKRUPTCY BORROWING BUSINESS ENVIRONMENT BUSINESS RISK CASH BALANCE CASH FLOW CATASTROPHES CENTRAL BANK CENTRAL GOVERNMENT DEBT CODE OF CONDUCT COLLATERAL COMMERCIAL LOANS CONFLICT OF INTEREST CONTRACTUAL OBLIGATIONS COVERAGE CREDIT RISK CREDIT RISKS DEBT DATA DEBT MANAGEMENT DEBT PAYMENTS DEBT SERVICE DERIVATIVES DEVELOPING COUNTRIES DISASTERS DOMESTIC MARKET DRIVERS EFFICIENT MARKET EQUIPMENT EXCHANGE RATE EXPOSURE EXTERNAL BORROWING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PORTFOLIO FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FISCAL POLICY FOREIGN BANKS FRAUD GOVERNMENT DEBT GOVERNMENT SECURITIES HUMAN RESOURCE HUMAN RESOURCES INADEQUATE SUPERVISION INCOME INFORMATION FLOWS INSURANCE INTEREST RATE INTEREST RATE RISK INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL SETTLEMENTS LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL RISK LIQUIDITY LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN AGREEMENTS LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC POLICIES MANAGEMENT OPERATIONS MARKET BORROWING MARKET CONFIDENCE MARKET FOR GOVERNMENT SECURITIES MARKET PARTICIPANTS MARKET RISK MATURITY MITIGATION MONETARY POLICY OPERATIONAL RISK OPERATIONAL RISKS OUTPUTS OUTSOURCING PORTFOLIO POWER OUTAGES PRIMARY DEALERS PRIVATE SECTOR PUBLIC DEBT PUBLIC DEBT MANAGEMENT REGULATORY CAPITAL REPUTATION REPUTATION RISK RESIGNATION RISK ASSESSMENT RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MANAGEMENT STRATEGIES RISK PROFILE RISK PROFILES SAFETY SCANDAL SEGREGATION OF DUTIES SOVEREIGN DEBT SUPPLIERS SWAP SWAPS TERRORISM TRADING TRANSACTION |
| spellingShingle |
ASSURANCE AUDIT COMMITTEE AUDITORS BANKING SECTOR BANKRUPTCY BORROWING BUSINESS ENVIRONMENT BUSINESS RISK CASH BALANCE CASH FLOW CATASTROPHES CENTRAL BANK CENTRAL GOVERNMENT DEBT CODE OF CONDUCT COLLATERAL COMMERCIAL LOANS CONFLICT OF INTEREST CONTRACTUAL OBLIGATIONS COVERAGE CREDIT RISK CREDIT RISKS DEBT DATA DEBT MANAGEMENT DEBT PAYMENTS DEBT SERVICE DERIVATIVES DEVELOPING COUNTRIES DISASTERS DOMESTIC MARKET DRIVERS EFFICIENT MARKET EQUIPMENT EXCHANGE RATE EXPOSURE EXTERNAL BORROWING FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PORTFOLIO FINANCIAL SECTOR FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FISCAL POLICY FOREIGN BANKS FRAUD GOVERNMENT DEBT GOVERNMENT SECURITIES HUMAN RESOURCE HUMAN RESOURCES INADEQUATE SUPERVISION INCOME INFORMATION FLOWS INSURANCE INTEREST RATE INTEREST RATE RISK INTERNAL AUDIT INTERNAL CONTROL INTERNATIONAL SETTLEMENTS LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL RISK LIQUIDITY LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN AGREEMENTS LOAN GUARANTEES LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC POLICIES MANAGEMENT OPERATIONS MARKET BORROWING MARKET CONFIDENCE MARKET FOR GOVERNMENT SECURITIES MARKET PARTICIPANTS MARKET RISK MATURITY MITIGATION MONETARY POLICY OPERATIONAL RISK OPERATIONAL RISKS OUTPUTS OUTSOURCING PORTFOLIO POWER OUTAGES PRIMARY DEALERS PRIVATE SECTOR PUBLIC DEBT PUBLIC DEBT MANAGEMENT REGULATORY CAPITAL REPUTATION REPUTATION RISK RESIGNATION RISK ASSESSMENT RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK MANAGEMENT POLICIES RISK MANAGEMENT STRATEGIES RISK PROFILE RISK PROFILES SAFETY SCANDAL SEGREGATION OF DUTIES SOVEREIGN DEBT SUPPLIERS SWAP SWAPS TERRORISM TRADING TRANSACTION Magnusson, Tomas Prasad, Abha Storkey, Ian Guidance for Operational Risk Management in Government Debt Management |
| description |
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. |
| format |
Report |
| author |
Magnusson, Tomas Prasad, Abha Storkey, Ian |
| author_facet |
Magnusson, Tomas Prasad, Abha Storkey, Ian |
| author_sort |
Magnusson, Tomas |
| title |
Guidance for Operational Risk Management in Government Debt Management |
| title_short |
Guidance for Operational Risk Management in Government Debt Management |
| title_full |
Guidance for Operational Risk Management in Government Debt Management |
| title_fullStr |
Guidance for Operational Risk Management in Government Debt Management |
| title_full_unstemmed |
Guidance for Operational Risk Management in Government Debt Management |
| title_sort |
guidance for operational risk management in government debt management |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/419301468153852761/Guidance-for-operational-risk-management-in-government-debt-management http://hdl.handle.net/10986/27822 |
| _version_ |
1764465160889565184 |