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Casual Articles - Basel II's Three Approaches to Operational Risk Management
Safety training videos are made so that we don’t panic in a crisis and put our lives in danger. These show us how to handle a fire, an earthquake, an accident or a natural disaster. They also include ordinary things like safety tips on climbing a ladder, driving or housekeeping. Countless websites and video production units make and sell CDs and DVDs of video clips on almost everything under the sun. If you do a Google search on safety training videos, you will come up with a minimum of 7,530,000 hits in less than .2 seconds. To choose a good video from this list is not easy. It is advisable to buy videos after having a short preview of what they contain.Here are some websites which produce safety training videos for everyday purposes, and the categories of videos they sell to the public.Safteytrainingnetwork.com has videos on almost all day-to-day situations. They have videos on alcohol and drugs, human resources, electrical and kitchen safety, infection control, healthcare, head protection, solid waste management and even employment law. Their videos are widely varied, covering topics from blood-borne pathogens safety and asbestos safety to ordinary things like recordkeeping and first aid.Coastal.com specializes in producing instructional videos on safety training in coastal areas.National Safety Compliance is an organization that looks into safety training from all aspects. Their training programs
•A hands on approach in the creation of an appropriate risk management environment,
•Positive actions in the identification, assessment, monitoring and control of operational ris
As soon as you talk to friends and associates about going into business there will be no shortage of tips, advice and guidance offered to you. It's important to talk with others who have are experienced in business, especially those who have been successful. Think twice about taking advice from anyone in business without a successful track record. This includes advisers whose advice contradicts that given by highly successful business owners.The following are 10 bits of advice which are straight out silly and stupid. If you are ever contemplating buying or running a business make sure you ignore these so called "pearls of wisdom" when they are "thrown" at you. "You will make a fortune - go for it." People who tell you that you will make a fortune and encourage you to get right into business without taking the time to talk with you and assess what your business is all about are simply fools. If they are not in a successful business themselves, then they are not only fools, but also idiots. Steer well clear from this advice. Make sure all your decisions are based on sound research and facts. If necessary get a second and third opinion. You can never get too much advice from those people who know what they are doing. "All you need to do is think success." You can think success all you like, but you'll get nowhere unless you "get off your bike", sit down
Under the Basic Indicator Approach banks must hold capital for operational risk equal to the average over the previous three years of a fixed percentage (15% for this approach) of positive annual gross income (figures in respect of any year in which annual gross income was negative or zero are excluded).
Although no specific criteria are set out for use of the Basic Indicator Approach, banks using this method are encouraged to comply with the Committee’s guidance on “Sound Practices for the Management and Supervision of Operational Risk” (BIS; February 2003). These principles require:
•A hands on approach in the creation of an appropriate risk management environment,
•Positive actions in the identification, assessment, monitoring and control of operational ris
Medical transcription the industry that renders doctors dictated reports, procedures and notes into an electronic or paper format in order to create files representing the treatment history of patients. Usually health practitioners dictate what they have done after performing procedures on patients.Nature of the workA medical transcriptionist listens to recordings made by doctors and other health care professionals and transcribes them into reports, letters and other administrative material. They usually listen to recordings through headphones, using both hands to type while pausing the recording as necessary with a foot pedal. The recordings will cover a variety of medical areas, including patient histories, exam reports, consultations, autopsies and discharges. After the information is transcribed, the documents are sent back to the physician or other health professional who dictated them for review, signature and corrections. The transcribed documents are then part of the patient’s permanent record.A medical transcriptionist must know medical terminology relating to anatomy and physiology, diagnostic procedures, pharmacology and treatment assessments. They should also know what medical jargon and abbreviations mean. To help with this, there are standard medical reference materials in either printed and electronic forms that transcriptionists use to identify medical terms; some of these reference materia
Under the Basic Indicator Approach banks must hold capital for operational risk equal to the average over the previous three years of a fixed percentage (15% for this approach) of positive annual gross income (figures in respect of any year in which annual gross income was negative or zero are excluded).
Although no specific criteria are set out for use of the Basic Indicator Approach, banks using this method are encouraged to comply with the Committee’s guidance on “Sound Practices for the Management and Supervision of Operational Risk” (BIS; February 2003). These principles require:
•A hands on approach in the creation of an appropriate risk management environment,
•Positive actions in the identification, assessment, monitoring and control of operational ris
Trade-marking your company name and logo can pay dividends down the road. A logo design trademark can prevent competitors from infringing on your brand name and identity. It can also protect your own company from accusations of logo design infringement. This article addresses some of the key trade-marking issues of logo design, as it’s a topic that many businesses will come across.Trade-marking a logo design can be a complicated process. Because of the many other companies the registrar will have to compare your logo against, the process will often be time-consuming. There is always a certain amount of subjectivity involved in making the comparisons, and it often depends on the type of industry you’re in. Software companies for example often trade-mark their logo as they depend on it for their packaging and branding etc. Construction companies on the other hand may not be as attached to their logo, as it won’t find itself on the end-product.Also, because a logo is comprised of different design elements, sometimes only one aspect of the logo will be able to be trade-marked at a time. This is because a logo design is often comprised of a graphic design element and a word element. The words may also comprise of a design element. Such an example can be found in the lettering of “Coca-Cola.” It’s common that you will need to submit both a word and design trademark to fully insure a logo design.Generally speaking,
Although no specific criteria are set out for use of the Basic Indicator Approach, banks using this method are encouraged to comply with the Committee’s guidance on “Sound Practices for the Management and Supervision of Operational Risk” (BIS; February 2003). These principles require:
•A hands on approach in the creation of an appropriate risk management environment,
•Positive actions in the identification, assessment, monitoring and control of operational ris
If you have ever worked in a Contact Centre or any other customer facing area in any business you would have come across irate customers. No one finds it easy to deal with angry customers. However, learning the techniques described in this article will prepare you to deal more professionally with angry customers.Why it’s important to deal with angry customers professionally?Business success depends on repeat business, which I don’t need to substantiate to any reader of the article. Research shows when people are unhappy they normally don’t complain. According to some researches less than 4% complain and 96% just walk away, never to business with you again.When customers are unhappy, although they don’t tell us, they tell others about their bad experience. An average, an unhappy customer tells between 10-20 people about his bad experience. This means if 10 customers are unhappy, the chances are that 200 people will hear the story. The damage to your company/business is inevitable.However, 95% of complaining customers will remain loyal, if their problem is fixed on the spot. And it gets better: TARP research revealed that the mere voicing of a complaint (even in the absence of resolution) increases loyalty as much as 10%. Successfully regaining customer goodwill and maintaining loyalty boosts sales.Some facts about angry customers:1) Angry customers are in great pain, and they can not al
•A hands on approach in the creation of an appropriate risk management environment,
•Positive actions in the identification, assessment, monitoring and control of operational ris
Attitude checkup. If you’re looking for exactly what you had before and you won’t take anything less, let it go.It’s understandable that if you’re over 50 you would want to do what you’ve always done, but this is not the time to stay in your comfort zone. This is the time to test the waters and try new things; challenge yourself; consider pursuing your passion; begin a new phase or chapter in your life.Perception. If you act and appear “old” that’s what an employer will see. Liven up!While age discrimination is a developing trend in the job market, age will be perceived by the potential employer as well as life experience, dependability, loyalty, wisdom and strong work ethics. Make it work for you instead of against you.Desperation. If you seem desperate, lack direction and eager to take any job, get focused and know what you want.“What DO you want?” is an easy question to ask, but often very difficult to answer. Chances are you haven’t asked yourself that question because you figured it wasn’t possible anyway. Maybe it is possible. If you find it difficult to uncover what you really want to do, a career coach can help unlock those hidden passions.“I’ll take anything!” Chances are we’ve heard that response from someone we know who’s been looking for a job. Just as ‘Anything’ is not a job title, or an option in the Help Wanted
•A hands on approach in the creation of an appropriate risk management environment,
•Positive actions in the identification, assessment, monitoring and control of operational risk,
•Adequate public disclosure.
Under the Standardized Approach a bank’s activities are divided into eight business lines. Within each business line, gross income is a broad indicator that serves as a stand-in for the level of business operations and therefore the probable size of operational risk exposure within each of these business lines. The capital charge for each business line is calculated by multiplying gross income by a factor (called the “beta”) assigned to that business line. The beta serves as a substitute for the industry-wide relationship between the operational risk loss experience for a given business line and the aggregate level of gross income for that business line. The business lines and the beta factors range from 12% for “retail banking”, “asset management” and “retail brokerage”; 15% f
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