9780471852094

Operational Risk

Format: Hardcover

ISBN13: 9780471852094

Hardcover|9780471852094


Overview

Operational risk is emerging as the third leg of an institutional risk strategy for financial institutions. Now recognized as a potential source of financial waste, operational risk has become the subject of surveys, analysis, and the search for a comprehenvise set of definitions and a shared framework. Written by a leading expert on operational risk measurement, this important work puts forth a cradle-to-grave hands-on approach that concentrates on measurement of risk in order to provide the needed feedback for managing and mitigating it. Using both theoretical and practical material, he lays out a foundation theory that can be applied and refined for application in the financial sector and beyond which includes a new technique called Delta-EVT(trademark). This technique is a combination of two existing methods which provides for the complete measurement of operational risk loss. The book contains comprehensive step-by-step descriptions based on real-world examples, formulas and procedures for calculating many common risk measures and building causal models using Bayesian networks, and background for understanding the history and motivation for addressing operational risk.

ISBN-13

9780471852094

ISBN-10

0471852090

Weight

1.25 Pounds

Dimensions

6.22 x 0.92 x 9.31 In

List Price

$175.00

Edition

1st Edition

Format

Hardcover

Language

English

Pages

276 pages

Publisher

Wiley

Published On

2001-04-25



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