After many years of continuous development, operational risk management can now be regarded as an important and independent management discipline in its own right. It is a value-adding activity that has a direct or indirect impact on the bottom-line performances of organisations. It is fundamentally concerned with good governance and involves consistent alertness and continuous improvement. As a result, it is essential for business managers at all levels to understand the concept of operational risk management and its methodologies.

Operational risk management will assist organisations to develop and implement an operational risk management process that will support the achievement of business objectives in a way that proactively addresses risk exposures and identifies potential business opportunities. In addition, Operational risk management attempts to bridge the gap that exists between some of the theoretical concepts of operational risk and the practical implementation. It deals firstly with the development phases of operational risk, and then illustrates the effective application of an operational risk management process. It also discusses relevant issues in the field and how to deal with risk exposures that could disrupt business processes and systems, with the achievement of business objectives and with the wellbeing of employees.

Operational risk management is aimed at students, as well as at managers interested in the management of operational risk.

Credit is essential in the modern world and creates wealth, provided it is used wisely. The Global Credit Crisis during 2008/2009 has shown that sound understanding of underlying credit risk is crucial. If credit freezes, almost every activity in the economy is affected. The best way to utilize credit and get results is to understand credit risk. Advanced Credit Risk Analysis and Management helps the reader to understand the various nuances of credit risk. It discusses various techniques to measure, analyze and manage credit risk for both lenders and borrowers. The book begins by defining what credit is and its advantages and disadvantages, the causes of credit risk, a brief historical overview of credit risk analysis and the strategic importance of credit risk in institutions that rely on claims or debtors. The book then details various techniques to study the entity level credit risks, including portfolio level credit risks. Authored by a credit expert with two decades of experience in corporate finance and corporate credit risk, the book discusses the macroeconomic, industry and financial analysis for the study of credit risk. It covers credit risk grading and explains concepts including PD, EAD and LGD. It also highlights the distinction with equity risks and touches on credit risk pricing and the importance of credit risk in Basel Accords I, II and III. The two most common credit risks, project finance credit risk and working capital credit risk, are covered in detail with illustrations. The role of diversification and credit derivatives in credit portfolio management is considered. It also reflects on how the credit crisis develops in an economy by referring to the bubble formation. The book links with the 2008/2009 credit crisis and carries out an interesting discussion on how the credit crisis may have been avoided by following the fundamentals or principles of credit risk analysis and management. The book is essential for both lenders and borrowers. Containing case studies adapted from real life examples and exercises, this important text is practical, topical and challenging. It is useful for a wide spectrum of academics and practitioners in credit risk and anyone interested in commercial and corporate credit and related products.

Full of empowering wisdom from one of Silicon Valley's first female African American CEOs, this inspiring leadership book—named a Best Business Book of the Year by Fortune and Bloomberg—offers a blueprint for how to achieve your personal and professional goals.

Shellye Archambeau recounts how she overcame the challenges she faced as a young black woman, wife, and mother, managing her personal and professional responsibilities while climbing the ranks at IBM and subsequently in her roles as CEO. Through the busts and booms of Silicon Valley in the early 2000s, this bold and inspiring book details the risks she took and the strategies she engaged to steer her family, her career, and her company MetricStream toward success.

Through her journey, Shellye discovered that ambition alone is not enough to achieve success. Here, she shares the practical strategies, tools, and approaches readers can employ right now, including concrete steps to most effectively:

• Dismantle impostor syndrome
• Capitalize on the power of planning
• Take risks
• Developing financial literacy
• Build your network
• Establish your reputation
• Take charge of your career
• Integrate work, marriage, parenthood, and self-care

Each chapter lays out key takeaways and actions to increase the odds of achieving your personal and professional goals. With relatable personal stories that ground her advice in the real world and a foreword by leading venture capitalist and New York Times bestselling author Ben Horowitz, Unapologetically Ambitious invites readers to move beyond the solely supportive roles others expect them to fill, to learn how to carefully tread the thin line between assertive and aggressive, and to give themselves permission to strive for the top. Make no apologies for the height of your ambitions. Shellye Archambeau will show you how.

From Morgan Housel, bestselling author of The Psychology of Money, stories about what people have always done, and will always do.

Everyone wants to see the future. Few are good at it. From business to economics, politics to social trends, we’re just not very good at predicting what happens next. According to Morgan Housel, this is because we focus too much on what we think will change and not enough on what we know will stay the same.

If you traveled in time to 500 years ago or 500 years from now, you would be astounded at how much technology and medicine has changed. The geopolitical order would make no sense to you. The language and dialect may be completely foreign. But you’d notice people falling for greed and fear just like they do in our current world. You’d see people persuaded by risk, jealousy, and tribal affiliations in ways that are familiar to you. You’d see overconfidence and short-sightedness that reminds you of people's behavior today. You’d find people seeking the secret to a happy life and trying to find certainty when none exists in ways that are so relatable.

When transported to an unfamiliar world, you’d spend a few minutes watching people behave and say, “Ah. I’ve seen this before. Same as ever.”

History is filled with surprises no one could have seen coming. But if we learn to see what doesn’t change, we can be more confident in our choices, no matter what the future brings.

Why is the South African banking industry regarded as one of the best in the world? How is it structured? How did it avoid collapse during the global financial crisis of 2007-2009? Bank Management in South Africa: A risk-based perspective is the first textbook for the South African market to answer these questions. It provides a comprehensive overview of the way banks and their financial risks are managed. The book is divided into five parts: Part One introduces the business of banking by discussing the evolution of financial intermediation theory; Part Two deals with the structure, history, performance and regulatory environment of the South African banking industry; Part Three considers how banks report and measure their performance; Part Four focuses on how banks identify, quantify and manage financial risks; Part Five deals with the management of the asset book, liability book and, importantly, the capital adequacy requirements set by the Basel Committee on Banking Supervision.

In 2022 Elon Musk - one of the richest and best-known people on earth - made headlines worldwide with his bid to buy Twitter, and he is often in the news for his entrepreneurial exploits and his controversial tweets. Who is this boundary-pushing billionaire with grand plans of inhabiting Mars, and what lies at the heart of his vision? Why is he so utterly unafraid of risk?

As an awkward Pretoria schoolboy who loved comics and science fiction, Musk's early years and singular family background were crucial in forming his stellar ambitions. Journalist and author Michael Vlismas, who attended the same high school as Musk, knows well the environment that shaped him and offers new insights into Musk's development, including his troubled relationship with his father.

Tracing his remarkable life, from his South African childhood to his move to Canada at 17 and then to the US - where Musk made millions out of PayPal and built Tesla and SpaceX into two of the world's most famous companies - this is the revealing new story of a man driven to preserve the optimism he sees in humanity and find a future for humans 'out there among the stars'.

Assurance, risk and governance: An international perspective provides a comprehensive reference for students of assurance practices and practitioners.

The book explains the technical functioning of assurance processes at an advanced level using a principles-based approach aligned with International Standards on Auditing.

This is complemented by a review of the leading academic research to provide readers with an easy-to-understand overview of the latest developments in external audit and related assurance services.

Locard’s Exchange Principle underpins all forensic science and holds that the perpetrator of a crime will bring something to the crime scene and leave with something from it.

Forensic experts use this principle daily to catch murderers and assailants. In Risking Life for Death, South African forensic pathologist Ryan Blumenthal offers a master class in this singular forensic technique based on real-life case studies. With more than twenty years’ experience in the field, Blumenthal explains how to look for clues and traces, and how what he does not find at autopsy is often more important than what he does find. In other words, the absence of evidence can sometimes be of greater value than the presence of evidence.

His account also highlights the dangers forensic pathologists are exposed to daily. As they try to unravel the puzzle of someone’s death, forensic pathologists often face life-threatening infections, toxic gases and the hazards associated with high-profile cases – in effect, risking their life to solve someone else’s death.

An understanding of Locard’s Exchange Principle can help you become a medical detective in your own life, can help you be a happier person and can even provide you with a better philosophy for growing older, Blumenthal argues.

Evolution is a series of bets, and no animal gambles the way humans do. This has led us to unprecedented ecological dominance, via the steepest odds and unlikeliest of outcomes, but our winning streak cuts both ways: the secret to our success may yet be our downfall.

The Gambling Animal offers a revelatory retelling of the human story. Drawing on their unique research into the risk psychology of humans and other animals - including our most impressive rivals, elephants - Don Ross and Glenn Harrison reveal the hidden logic of our rise.

Even before the dawn of civilisation, we bet the Earth on our ability to keep doubling down. But with an ecological crisis on the horizon, how long will our winning streak continue?

The bestselling author of Lost Connections and Stolen Focus takes a revelatory look at the new drugs transforming weight loss as we know it – sharing his personal experience on Ozempic and examining our ability to heal society's dysfunctional relationship with food, weight and our bodies.

In January 2023, Johann Hari started to inject himself once a week with Ozempic, one of the new drugs that produces significant weight loss. He wasn't alone – some predictions suggest that in a few years, one in four of the British population will be taking these drugs. While around 80 per cent of diets fail, someone taking one of the new drugs is likely to lose up to a quarter of their body weight in six months. To the drugs' defenders, this is a moment of liberation from a condition that massively increases your chances of diabetes, cancer and an early death.

Still, Hari was wildly conflicted. Can these drugs really be as good as they sound? Are they a magic solution – or a magical illusion? Finding the answer to this high-stakes question led him on a journey from Iceland to Minneapolis to Tokyo, and to interview the leading experts in the world on these issues. He found that along with the drugs' massive benefits come twelve significant potential risks. He also learned that these drugs radically challenge what we think we know about shame, willpower and healing.

These drugs are about to change our world, for better and for worse. Everybody needs to understand how they work – scientifically, emotionally and culturally. Magic Pill is an essential guide to the revolution that has already begun – and which one leading expert argues could be as transformative as the invention of the smartphone.

A fascinating, practical guide to making better decisions with our money, health and personal lives from Gerd Gigerenzer, the author of Reckoning with Risk. Numbers don't lie - but they often mislead us. From health risks to financial decisions, we often find it hard to make decisions because the statistics have been presented to us by 'experts' who misinterpret the data themselves. Here Gerd Gigerenzer shows how we can all use simple rules to become better-informed, risk-savvy citizens. 'Important, Gigerenzer draws valuable lessons . . . his clear explanations will be a great help to all' Omar Malik, Times Higher Education 'Gerd Gigerenzer argues that when it comes to taking risks in life, we are often much better off following our instincts than expert advice' Oliver Burkeman, Guardian 'Things will only get better, he shows, when specialists, particularly doctors and investment advisers, improve on their appalling record of analysing and communicating risks in their fields' Clive Cookson, Financial Times, Books of the Year 'Gigerenzer is brilliant' Steven Pinker Gerd Gigerenzer is Director of the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development in Berlin and former Professor of Psychology at the University of Chicago. He is the author of several books on heuristics and decision making, including Reckoning with Risk.

Operational risk management is fast becoming an independent management discipline in its own right. As such, it is crucial for risk managers to understand the concept and make use of available management methods to ensure a streamlined management process. It is therefore imperative to implement a framework for the development of a risk management culture, the introduction of a strategic risk management process and an effective risk management governance structure. Operational risk management effectively identifies and evaluates operational risk exposures, as well as the development and implementation of control measures, the costs of risks and the continuous monitoring of processes within the business environment from a risk management perspective - communicating the relevant concepts and the implementation of a practical approach to operational risk management. Contents include the following: Recognising operational risk exposures; Formulating mitigating action plans; Allocating responsibilities for the management of action plans; Improving control measures on a proactive basis; Reducing operating losses; Improving insurance management; Ensuring accurate risk reporting and disclosure; Improving shareholder value; Becoming a risk stable organisation; Ensuring a realistic risk appetite. Operational risk management is aimed at banking, financial management and economics students, as well as organisations interested in the management of operational risk.

Worrier State looks at the pervasive culture of fear in South Africa. It reveals how narratives of fear manifest in contemporary media forms and the people they serve, and how these are impacted by race, class, gender, space and identity.

Through an interdisciplinary body of work, and using a case-based study approach, media analyst Nicky Falkof investigates how risk, anxiety and moral panic show up in media portrayals in modern South Africa. Her main intervention in this approach is through ‘affect’: how do South Africans feel about living under conditions of extreme fear, which is related to gross inequality, and how does the media make us feel? Together, these essays about ‘white genocide’, ‘Satanist’ murders, township urban legends and suburban community groups present an always-partial and necessarily contingent picture of some of the ways in which cultures of fear structure life and meaning for various people in various communities.

They show how narratives of fear underpin everyday life, informing both self-making and meaning-making in contemporary South Africa.

A practical guide, from the basic techniques, through to advanced applications, showing you what operational risk is, and how you can manage it.

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"Mastering Operational Risk" provides a step-by-step guide from the basic elements of operational risk through to advanced applications of operational risk management. Focusing on practical applications, it gives you the knowledge needed to understand what operational risk is and puts in place a workable way of managing it.

Identifying and understanding safety hazards form the pivot of all safety management theory and practice. This book, the first to clarify the true nature and characteristics of real safety hazards and the origins of safety risk, will assist safety practitioners to better understand safety risk assessment, safety management and safety auditing. This book is essential for everyone involved in the world of safety, whether medicine, hygiene, ergonomics, engineering, safety management and more.

Calcium is one of the most important minerals and is essential for building and maintaining healthy bones. Calcium is also essential for proper functioning of the brain, heart and muscles. Calcium plays an important role in lowering blood pressure, cholesterol, fat absorption, gum disease and insomnia. Women lose an average of 15% of their bone mass during menopause, therefore calcium supplementation is essential. Calcium glycinate is the most bioavailable and most soluble form of supplemental calcium. It is 180% better absorbed than calcium citrate and 21% better absorbed than calcium citrate-malate. Vitamin D3 is required for optimal absorption of calcium. Boron plays an important role in mineral metabolism, by preventing calcium loss and bone demineralisation.

Once the owner of a diamond mine, a wine farm and the most expensive house in Cape Town.

Former chairman of South Africa’s largest retailer, director of the Reserve Bank and the richest man in the country. As a young man, Christo Wiese cut his teeth at Pep Stores. Over the years he built a mighty business empire, which included Shoprite and a number of other enterprises. His recipe for success: an endless love for cutting deals, a fearless appetite for risk and a keen eye for a bargain. This man of great charm has never been afraid of sailing close to the wind. Over the course of 50 years these calculated risks paid off, making him one of the most successful businessmen of his generation – until he encountered the furniture group Steinhoff, and things went awry. Business journalist and writer TJ Strydom tells the story of one of South Africa’s best-known business giants in a fresh, engaging way.

‘A fabulous, sweeping adventure read – almost a thriller – that chronicles the rags to riches rise of yet another giant of Afrikaner capitalism.’ – Peter Bruce

Rich in EGCG (45% EGCG) and polyphenol (95 % polyphenols) antioxidants that may help to maintain the body’s natural inflammatory response. SOLAL® Green Tea Extract contains a pure, standardised and concentrated extract of green tea, whereby 1 capsule is equivalent to 3 cups green tea.

Calcium and magnesium are essential minerals for healthy bones and muscles. They also help protect the functioning of the nervous system and heart. Bio-CalMag contains the most effective forms of calcium and magnesium known as glycinate amino acid chelates. Glycinates are best absorbed and will also not neutralise stomach acid, unlike most calcium containing products. Neutralising germ-killing stomach acid can result in infections in the intestine and body. Bio-CalMag contains the ideal ratio of 1 part magnesium: 2 parts calcium. Calcium glycinate is 1.8 times (180%) better absorbed than calcium citrate and is 21% better absorbed than calcium citrate-malate. It is 205 times more soluble than calcium carbonate. With added vitamin D3 for optimal calcium absorbtion. Boron plays an important role in mineral metabolism, by preventing calcium loss and bone demineralisation.

Genetically Modified Plants, Second Edition, provides an updated roadmap and science-based methodology for assessing the safety of genetic modification technologies, as well as risk assessment approaches from regulators across different agroecosystems. This new edition also includes expanded coverage of technologies used in plant improvement, such as RNA-dependent DNA methylation, reverse breeding, agroinfiltration, and gene-editing technologies such as CRISPR and TALENS. This book is an essential resource for anyone interested in crop improvement, including students and researchers, practitioners in regulatory agencies, and policymakers involved in plant biotechnology risk assessment.

Biological Emerging Risks in Foods, Volume 86, addresses the emerging biological risks in food from a global context. Specific sections in this new release include discussions on parasites in foods as an emerging issue and antimicrobial resistance in the food chain. Specific chapters cover Norovirus: the burden of the unknown, Hepatitis E virus: a new foodborne zoonotic concern, Parasites in foods: from a neglected position to an emerging issue, Antimicrobial resistance in the food chain: an emerging global concern, Salmonella in foods: a reemerging problem, Listeria monocytogenes in foods, and Campylobacter in the food chain.

Safety of Web Applications: Risks, Encryption and Handling Vulnerabilities with PHP explores many areas that can help computer science students and developers integrate security into their applications. The Internet is not secure, but it's very friendly as a tool for storing and manipulating data. Customer confidence in Internet software is based on it's ability to prevent damage and attacks, but secure software is complicated, depending on several factors, including good risk estimation, good code architecture, cyphering, web server configuration, coding to prevent the most common attacks, and identification and rights allocation.

In RIOT Control, security experts from McAfee discuss how the Internet of Things (IoT) flips the current internet with de-centralized, uncontrolled elements driving massive data from the ends into central servers and the cloud, rather than the other way around. Some estimates suggest that every human being will soon be surrounded by 1,000 to 5,000 connected objects eventually, 100 trillion static or moving objects which makes for a complex system, prone to unexpected behaviors. As various industry domains rush to adopt IoT technologies, they need guidance on IoT-ready security and risk management practices to ensure system availability and security.

This book explains IoT risk in terms of project requirements, business needs, and system designs that include endpoints, network connectivity, and cloud-based data centers. Understand the threats and vulnerabilities of the IoT, as well as performance metrics at the enterprise level. In recommending emerging techniques, the authors provide insight to help judge which are best according to specific risks and organizational needs under consideration. Multiple case studies span several chapters to better illustrate the business, operational, and technical risks inherent in IoT deployments.
Explains sources of risk across IoT architectures: endpoints, network, and cloud-based data centersIncludes multiple case studies threaded through several chapters covering business, operational, and technical risk issuesOffers insight from Intel (McAfee) insiders about emerging tools and techniques for real-world IoT systems

"We have to adapt to the impacts that, unfortunately, we can no longer avoid", said President Obama at the UN Climate Summit in September 2014. Adaptation and resilience are now a must in both academic research and international bodies. A fashionable concept, resilience's polysemy sparks many debates on its uses and operational relevance. This book bridges the increasing divide between academic research and the latest planning innovations, offering practical and conceptual insights for practitioners, researchers and students. Magali Reghezza-Zitt and Samuel Rufat present a cross-disciplinary, state-of-the-art debate and critical analysis of the social, spatial, practical and political implications of resilience.