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

By Greg N. Gregoriou

This ebook includes chapters by means of participants (well-known professors, practitioners, and experts from huge and good revered cash administration organizations inside of this zone) providing the newest examine within the OpRisk region. The chapters spotlight how operational chance is helping enterprises continue to exist and prosper by way of givingreaders the most recent, state of the art options in OpRisk administration. issues mentioned comprise: Basel Accord II, preparing for the hot Basel III, severe worth thought, the recent capital necessities and laws within the banking zone when it comes to monetary reporting (including constructing techniques similar to OpRisk coverage which wasn't part of the Basel II framework). The publication extra mentioned quantitative and qualitative facets of OpRisk, in addition to fraud and functions to the fund undefined.

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J. McConway. 1990. Allocating the weights in the linear opinion pool. Journal of Forecasting 9, no. 1:53–73. , and M. J. Schervish. 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.

DeGroot, D. V. Lindley, and A. F. M. Smith, Amsterdam: North-Holland. Financial Supervisory Authority. 2005. AMA soundness standard. Working paper. FSA AMA Quantitative Expert Group, London. Garthwaite, P. B. Kadane, and A. O’Hagan. 2005. Statistical methods for eliciting probability distributions. Journal of the American Statistical Association 100, no. 470:680–700. Gelfand, A. , B. K. Mallick, and D. K. Dey. 1995. Modeling expert opinion arising as a partial probabilistic specification. Journal of the American Statistical Association 90, no.

The assessment of prior distributions in Bayesian analysis. Journal of the American Statistical Association 62, no. 319:776–800. Winkler, R. L. 1968. The consensus of subjective probability distributions. Management Science 15, no. 2:361–375. CHAPTER 2 Consistent Quantitative Operational Risk Measurement Andreas A. Jobst ABSTRACT With the increased size and complexity of the banking industry, operational risk has a greater potential to occur in more harmful ways than many other sources of risk.

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