Operational Risk Toward Basel III: Best Practices and Issues by Greg N. Gregoriou

By Greg N. Gregoriou

This publication includes chapters by way of individuals (well-known professors, practitioners, and experts from huge and good revered funds administration organizations inside this region) delivering the newest learn within the OpRisk sector. The chapters spotlight how operational danger is helping organisations live to tell the tale and prosper by means of givingreaders the most recent, state-of-the-art recommendations in OpRisk administration. themes mentioned comprise: Basel Accord II, preparing for the hot Basel III, severe price concept, the recent capital specifications and laws within the banking zone on the subject of monetary reporting (including constructing techniques akin to OpRisk coverage which wasn't part of the Basel II framework). The ebook extra mentioned quantitative and qualitative facets of OpRisk, in addition to fraud and purposes to the fund undefined.

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Extra info for Operational Risk Toward Basel III: Best Practices and Issues in Modeling, Management, and Regulation (Wiley Finance)

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Neslehova. 2006. Quantitative models for operational risk: Extremes, dependence and aggregation. Journal of Banking and Finance 30, no. 10:2635–2658. 20 OPERATIONAL RISK MEASUREMENT: QUALITATIVE APPROACHES Clemen, R. , and R. L. Winkler. 2007. Aggregating probability distributions. In Advances in decision analysis: From foundations to applications, ed. F. Miles and D. von Winterfeldt. New York: Cambridge University Press. Cooke, R. M. 1991. Experts in uncertainty. New York: Oxford University Press.

107, Bank for International Settlements, Basel, Switzerland. , Y. Crama, G. -P. Peters. 2008. Practical methods for ¨ measuring and managing operational risk in the financial sector: A clinical study. Journal of Banking and Finance 32, no. 6:1049–1061. , P. Embrechts, and J. Neslehova. 2006. Quantitative models for operational risk: Extremes, dependence and aggregation. Journal of Banking and Finance 30, no. 10:2635–2658. 20 OPERATIONAL RISK MEASUREMENT: QUALITATIVE APPROACHES Clemen, R. , and R.

1985. Modeling expert judgments for Bayesian updating. Annals of Statistics 13, no. 3:1198–1212. , and J. V. Zidek. 1986. Combining probability distributions: A critique and annotated bibliography. Statistical Science 1, no. 1:114–148. Hogarth, R. M. (1975) Cognitive processes and the assessment of subjective probability distributions. Journal of the American Statistical Association 70, no. 350:271–294. , P. Slovic, and A. Tversky. 1982. Judgment under uncertainty: Heuristics and biases. Cambridge: Cambridge University Press.

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