By Anna S. Chernobai
Whereas operational threat has lengthy been considered as a trifling a part of "other" risks--outside the world of credits and industry risk--it has quick made its method to the leading edge of finance. in reality, with implementation of the Basel II Capital Accord already underway, many fiscal professionals--as good as these getting ready to go into this field--must now get to grips with various concerns on the topic of operational hazard modeling and administration.
Written via the skilled crew of Anna Chernobai, Svetlozar Rachev, and Frank Fabozzi, Operational Risk will introduce you to the most important recommendations linked to this self-discipline. jam-packed with in-depth insights, specialist recommendation, and cutting edge learn, this entire advisor not just provides you with an considerable volume of knowledge concerning operational hazard, however it additionally walks you thru a wide range of examples that may solidify your knowing of the problems discussed.
Topics lined include:
- The major demanding situations that exist in modeling operational risk.
- The number of methods used to version operational losses.
- Value-at-Risk and its position in quantifying and coping with operational risk.
- The 3 pillars of the Basel II Capital Accord.
- And a lot more.