英文标题：
《Opening discussion on banking sector risk exposures and vulnerabilities
  from virtual currencies: An operational risk perspective》
---
作者：
Gareth W. Peters, Ariane Chapelle, Efstathios Panayi
---
最新提交年份：
2014
---
英文摘要：
  We develop the first basic Operational Risk perspective on key risk management issues associated with the development of new forms of electronic currency in the real economy. In particular, we focus on understanding the development of new risks types and the evolution of current risk types as new components of financial institutions arise to cater for an increasing demand for electronic money, micro-payment systems, Virtual money and cryptographic (Crypto) currencies. In particular, this paper proposes a framework of risk identification and assessment applied to Virtual and Crypto currencies from a banking regulation perspective. In doing so, it addresses the topical issues of understanding important key Operational Risk vulnerabilities and exposure risk drivers under the framework of the Basel II/III banking regulation, specifically associated with Virtual and Crypto currencies. This is critical to consider should such alternative currencies continue to grow in utilisation to the point that they enter into the banking sector, through commercial banks and financial institutions who are beginning to contemplate their recognition in terms of deposits, transactions and exchangeability for fiat currencies.   We highlight how some of the features of Virtual and Crypto currencies are important drivers of Operational Risk, posing both management and regulatory challenges that must start to be considered and addressed both by regulators, central banks and security exchanges. In this paper we focus purely on the Operational Risk perspective of banks operating in an environment where such electronic Virtual currencies are available. Some aspects of this discussion are directly relevant now, whilst others can be understood as discussions to raise awareness of issues in Operational Risk that will arise as Virtual currency start to interact more widely in the real economy.
---
中文摘要：
我们针对与实体经济中新形式电子货币的开发相关的关键风险管理问题，开发了第一个基本操作风险视角。特别是，随着金融机构的新组成部分出现，以满足对电子货币、小额支付系统、虚拟货币和加密（加密）货币日益增长的需求，我们重点了解新风险类型的发展和当前风险类型的演变。特别是，本文从银行监管的角度提出了一个适用于虚拟货币和加密货币的风险识别和评估框架。在这样做的过程中，它解决了在巴塞尔协议II/III银行监管框架下理解重要关键运营风险漏洞和暴露风险驱动因素的热门问题，特别是与虚拟货币和加密货币相关的问题。如果此类替代货币的利用率继续增长，并通过商业银行和金融机构进入银行业，这一点至关重要。商业银行和金融机构正开始考虑在存款、交易和法定货币兑换能力方面对其进行认可。我们将重点介绍虚拟货币和加密货币的一些特征是如何成为操作风险的重要驱动因素的，这给管理和监管带来了挑战，监管机构、央行和证券交易所都必须开始考虑和应对这些挑战。在本文中，我们只关注在电子虚拟货币可用的环境中运营的银行的操作风险。这次讨论的某些方面现在直接相关，而另一些方面可以理解为提高对操作风险问题的认识的讨论，这些问题将随着虚拟货币在实体经济中开始更广泛地互动而出现。
---
分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Risk Management        风险管理
分类描述：Measurement and management of financial risks in trading, banking, insurance, corporate and other applications
衡量和管理贸易、银行、保险、企业和其他应用中的金融风险
--
一级分类：Computer Science        计算机科学
二级分类：Cryptography and Security        密码学与安全
分类描述：Covers all areas of cryptography and security including authentication, public key cryptosytems, proof-carrying code, etc. Roughly includes material in ACM Subject Classes D.4.6 and E.3.
涵盖密码学和安全的所有领域，包括认证、公钥密码系统、携带证明的代码等。大致包括ACM主题课程D.4.6和E.3中的材料。
--
一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
--

---
PDF下载：
-->