The Analysis of Possible Uses of Alternative Risk Transfer Methods in Poland in the Context of Operational Risk Reduction

• Authors: Michał Thlon

Title variants

PL

Analiza możliwych zastosowań metod alternatywnego transferu ryzyka w Polsce w kontekście redukcji ryzyka operacyjnego

• Languages of publication: EN

Abstracts

EN

The main aim of this publication is to analyse possible uses of Alternative Risk Transfer (ART) methods in Poland in the context of operational risk reduction. Traditional methods of operational risk reduction – namely insurance – have many drawbacks, among them a frequent lack of the full coverage of losses, uncertainty as to the speed and adequacy of compensation, and high costs. However, a new approach to extreme risk, Alternative Risk Transfer, was created, mainly employing risk-financing techniques that originated in the banking sector’s approach to securitisation and conditional capital accessibility. These types of instruments make it possible to transfer operational risk to the deep capital market.

Keywords

EN

OPERATIONAL RISK,; ALTERNATIVE RISK TRANSFER (ART)

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
• Journal: Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie
• Year: 2012
• Issue: 889
• Pages: 117-128

Contributors

author

Michał Thlon

• Uniwersytet Ekonomiczny w Krakowie, Katedra Teorii Ekonimii, ul. Rakowicka 27, 31-510 Kraków, Poland

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