Operational Risk A Guide to Basel II Capital Requirements, Models, and Analysis

Operational Risk While operational risk has long been regarded as a mere 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 Fabozzi, 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 it 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 moreChernobai, Anna S. is the author of 'Operational Risk A Guide to Basel II Capital Requirements, Models, and Analysis', published 2007 under ISBN 9780471780519 and ISBN 0471780510.