Summary |
While operational risk has long been regarded as a more part of other risks-outside the realm of credit and market risk-it has quickly made its way to the forefront of finance. In fact, with implementation of the Basel II capital accord already underway, many financial professionals-as well as those preparing to enter this field-must now become familiar with a variety of issues related to operational risk modeling and management.
Written by the experienced team of Anna Chernobai, Svetlozar Rachev, and frank fobozzi, operational risk: A guide to Basel II capital requirements, models, and analysis will introduce you to the key concepts associated with this discipline. Filled with in-depth insights, expert advice, and innovative research, this comprehensive guide not only presents you with an abundant amount of information regarding operational risk, but if also walks you through a wide array of examples that will solidify your understanding of the issues discussed.
Topics covered include:
The main challenges that exist in modeling operational risk
The variety of approaches used to model operational losses
Value-at-risk and its role in quantifying and managing operational risk
The three pillars of the Basel II capital accord
And much more
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