Operational Risk

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Operational Risk is written by Andreas Jobst and published by International Monetary Fund. It's available with International Standard Book Number or ISBN identification 1451868030 (ISBN 10) and 9781451868036 (ISBN 13).

This paper investigates the generalized parametric measurement methods of aggregate operational risk in compliance with the regulatory capital standards for operational risk in the New Basel Capital Accord ("Basel II"). Operational risk is commonly defined as the risk of loss resulting from inadequate or failed internal processes and information systems, from misconduct by people or from unforeseen external events. Our analysis informs an integrated assessment of the quantification of operational risk exposure and the consistency of current capital rules on operational risk based on generalized parametric estimation.