Enterprise Risk Management major
pages, due 2 pm on 1/30.
Carefully follow this instructions. This is the Enterprise Risk Management major, graduate level paper.
Assignment #2: Basel Principles & Library
Loss data is a key element in managing and measuring OR because it can be used in a variety of ways, e.g., (1) to identify control weaknesses, (2) to benchmark, (3) for capital modeling. The Basel risk event categories are an useful standard for categorizing loss events.
Slot each of these ten examples of loss events into the seven Basel categories and provide your rationale for why this category most appropriately describes the loss event. Your explanation should be one paragraph; thus, the length of the paper would likely be 2-3 pages.
Bank Employee Charged With Embezzling $810K (http://www.covingtonleader.com/news/police_fire/bank-employee-charged-with-embezzling-k/article_6930a382-6b00-11e7-9a4c-63b6d26e256a.html)inks to an external site.)Links to an external sit
Equifax Says Cyberattack May Have Affected 143 Million in the U.S. (https://www.nytimes.com/2017/09/07/business/equifax-cyberattack.html?mcubz=0 (Links to an external site.)Links to an external site.)
Deutsche Bank Handed a Hedge Fund $6 Billion on a ‘Fat Finger’ Error (http://www.businessinsider.com/deutsche-bank-fat-finger-fx-trade-2015-10 Links to an external site.
Wells Fargo to Pay $3.5 million to Settle Training-Fee Repayment Class Action (https://www.reuters.com/article/usa-employment-wages/wells-fargo-to-pay-3-5-mln-to-settle-training-fee-repayment-class-action-idUSL2N1LA28A (Links to an external site.)Links to an external site.
Payments glitch at HSBC Leaves Thousands of Britons Without Wages (http://uk.mobile.reuters.com/article/idUKKCN0QX1BJ20150828 Links to an external site.
7 Wall Street Institutions Slammed By Hurricane Sandy (http://www.wallstreetandtech.com/risk-management/7-wall-street-institutions-slammed-by-hurricane-sandy/d/d-id/1267245?page_number=1 Links to an external site.
CitiFinancial Pays $907,000 for Repossessing U.S. Military Service-members’ Vehicles (http://www.reuters.com/article/us-citigroup-loans/citifinancial-pays-907000-for-repossessing-u-s-military-servicemembers-vehicles-idUSKCN1BT2FF?il=0 (Links to an external site.)Links to an external site.)
$5 million in Cash, Valuables Stolen in Brooklyn and Queens Bank Robbery Streak; Torch used to Burn through Roofs, Vaults (http://www.nydailynews.com/new-york/nyc-crime/5-million-cash-valuables-stolen-bank-robbery-streak-article-1.2726488 Links to an external site.
$5 million in Cash, Valuables Stolen in Brooklyn and Queens Bank Robbery Streak; Torch used to Burn through Roofs, Vaults (http://www.nydailynews.com/new-york/nyc-crime/5-million-cash-valuables-stolen-bank-robbery-streak-article-1.2726488
Virginia Ex-Bank Vice Presdient Stole Identities, Scammed Employers (https://www.washingtonpost.com/local/public-safety/virginia-ex-bank-vice-president-stole-identities-scammed-employers/2017/08/17/09e250ac-835a-11e7-b359-15a3617c767b_story.html?utm_term=.fe30b0468c69 (Links to an external site.)Links to an external site.)
Wells Fargo Billing Glitch Infuriates Customers http://money.cnn.com/2018/01/18/news/companies/wells-fargo-glitch-double-pay/index.htmlnks to an external site.
Your work will be evaluated as follows:
Research / Explanation: You were able to accurately slot each of the ten events into the appropriate Basel category and provide sound justification for your selection.
Writing: You were able to summarize your thoughts in a clear and concise manner that is free of grammatical and spelling errors.
If you quote from the article (or reference an outside article) you must indicate it. All text lifted directly from an article and not indicated inside quote marks will result in a 5 point deduction!!