Course: COMPG007: Operational Risk Measurement in the Financial Services
University College London
Dept of Computer Science
Gower Street London WC1 6BT
Dr. Chapelle is a trainer and advisor in operational risk with 20 years’ experience in teaching both academic and executive audiences. She is active in risk since 1999, with business experience acquired in managerial functions in Internal Audit and Risk Management in banking, academic research, consulting and training. Ariane holds a PhD in Economics, a Master in Econometrics and a Master in Management Science for the Université Libre de Bruxelles (ULB, Belgium). She runs her own training and advisory practice in operational risk since 2007. She is Fellow member of the Institute of Operational Risk and on honorary member of the Institute of Risk Management and of PRMIA.
She held the Chair of International Finance at Solvay Business School (ULB) between 2003 and 2006 as full time Associate Professor, before relocating permanently to the UK.
Operational Risk Management in the Financial Services Industry, Academic and Professional training design and delivery, Enterprise Risk Management, Market Finance, Corporate Finance.
Recent and Current Research Activities
Operational risk measurement: causal models, key risk indicators, loss data modelling
Operational risk management: rogue trading, risk reporting, risk culture
Le risque opérationnel : Implications de l’Accord de Bâle pour le secteur financier (Operational Risk : Implications of the Basle Agreement for the Financial Sector), jointly with G. Hübner and J.P. Peters, Editions Larcier, coll. Cahiers Financiers, 2005, 155 p.
Corporate Governance en Belgique : l’effet des pyramides, Editions de l'Université Libre de Bruxelles, coll. Gestion, 2001, 164 p.
International Refereed Publications
Some of the followings are available on Social Science Research Network: http://papers.ssrn.com
“No contagion, only globalization and flight to quality”, jointly with M. Brière and A. Szafarz , Journal of International Money and Finance, April 2012, available online.
“Practical Methods for Measuring and Managing Operational Risk in the Financial Sector: A Clinical Study” jointly with Y. Crama, G. Hübner and J.-P. Peters, Journal of Banking and Finance, 2008, Elsevier, vol. 32(6), pages 1049-1061, June.
“Control consolidation with a threshold: An algorithm”, jointly with A. Szafarz, IMA Journal of Management Mathematics, 2007, 18, 3, pp. 235-243.
“The Virtues of Operational Risk Management”, in Selected papers form the International Finance Conference Tunisia, March 2005, M. Bellalah ed., Ed. Wilmott / Whiley, 2006.
"Controlling Firms through Majority Voting ", jointly with A. Szafarz, Physica A 355, Elsevier, pp 509-529, 2005.
" Les leviers de contrôle des actionnaires majoritaires” jointly with T. Biebuyck and A. Szafarz, Revue Gouvernance, Dec 2004, vol. 1, issue 1.
"Separation between Ownership and Control: where do we stand?", Corporate Ownership and Control, winter 2004-2005, 2, 2, pp 91-101.
"Block investments and the race for corporate control", Corporate Ownership and Control, 2004, 2, 1, pp11-25.
"L'effet de l'âge de l'investisseur sur le niveau de risque de son portefeuille", jointly with M-P. Laurent and A. Szafarz, La Revue du Financier, oct. 2003, 142, pp. 20-32.
“Shareholding Cascades: The Separation of Ownership and Control in Belgium”, in The Control of Corporate Europe, European Corporate Governance Network (ECGN), Oxford University Press, 2001, Barca and Becht eds., jointly with M. Becht and L. Renneboog. Previously: CentER Discussion Paper n°9996, Tilburg University, 1999.
Professional Publications (UK)
“Unlocking KRIs”, Risk Manager Professional Journal, Institute of Risk Management, August 2013
“The importance of preventative KRIs”, Operational Risk & Regulation Magazine, April 2013.
“How to Manage Incentives”, The Risk Universe, September 2012, UK.
“The path to rogue trading”, Operational Risk & Regulation Magazine, March 2012, UK.
“Rogue trading , no training: the connections”, Risk Business Internaltional, December 2011, UK.
« La liberté perdue de la France », Societal, n. 55, Presse Universitaire de France, January 2007.
National Publications (Belgium)
Editorial of the “Special Issue: Microfinance” jointly with Marek Hudon, Revue Bancaire et Financière, 2004/6, Sept.
Book review: “Balance of paiements and exchange rate theories” by N. Miller (Edwards Elgar Ed.), Revue Bancaire et Financière, 2004/3, April.
Book review: “Too sensational on the choice of exchange rate regime” by M. Corden, (MIT Press), Revue Bancaire et Financière, 2004/2, March.
Book review: “Les obligations – notions financières essentielles” by B. Colmant, V. Delfosse, and L.Esch, (Larcier Ed.), Revue Bancaire et Financière, 2003/7, November.
"The Impact of Basle II on Internal Auditing", Revue Bancaire et Financière, 2002/6, pp 382-386.
“La réforme du ratio Cooke : l’avancée des travaux”, Revue de la Banque, 2000/5, pp. 303-307.
“Corporate control in Belgium”, Revue de la Banque, 2000/2, pp. 183-188.
“ Impacts des évolutions du secteur financier sur le choix de portefeuille d'une banque, première partie : modélisation et calibration des activités bancaires ”, Cahiers Economiques de Bruxelles, 1997, 155, pp. 275-296.
“Impacts des évolutions du secteur financier sur le choix de portefeuille d'une banque, deuxième partie : étude de trois chocs exogènes”, Cahiers Economiques de Bruxelles, 1997, 156, pp. 323-348.
"Andersen Consulting - Delphi Study on the Banking Sector - The Belgian Case", Banking Review, 1994, November, pp. 47-52.
"Regards sur la Banque Mondiale", Passerelles, 1993, 7, pp 27-30.
“No contagion, only globalization and flight to quality”, jointly with M. Brière and A. Szafarz, July 2011.
“Le risque opérationnel en quatre dimensions”, ULB, 2005.
« Basle II and Operational Risk: Implications for risk measurement and management in the financial sector », jointly with Y. Crama, G. Hübner and J.-P. Peters, in Efficiency and Stability in an Evolving Financial System, BNB-NBB Conference, May 2004, Working Paper n°51.
“Shareholding Cascades: The Separation of Ownership and Control in Belgium”, jointly with M. Becht and L. Renneboog, CentER Discussion Paper n°9996, Tilburg University, 1999.
“Ownership and Control in Belgium” in “The Separation of Ownership and Control: A Survey of 7 European Countries”, Report to the European Commission. Volume 2, Brussels: European Corporate Governance Network, jointly with M. Becht, 1997 (http:/ecgn.org).
“The World Development Report on “Investing in Health”: Summary and comments” (in collaboration with Médecins Sans Frontières Belgium), abstracts published in Development Committee - Background Report, World Bank, Washington D.C., Sept. 1993, Annex V, pp 1-9.