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Operational Risk |
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A. Chernobai, S. Rachev, and F. Fabozzi |
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2007 |
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A better title would be Probabilistic
Models for Operational Risk. Following opening chapters that
introduce operational risk and the Basel Accords, the balance of this
book is mostly probability and statistics: distributions, extreme value
theory, goodness of fit tests, copulas, etc. Practical issues like how to manage operational risk or how to gather
meaningful data are not addressed. The literature on statistical studies
of available operational loss databases is cited extensively ...
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Introduction to Operational risk |
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Thomas Kaiser and Marc Kohne |
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2006 |
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Written by a pair of KPMG consultants, this is a short,
high-level discussion of operational risk management for banks,
primarily from the standpoint of implementing the advanced measurement
approach under Basel II ...
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The Advanced Measurement Approach to Operational
Risk |
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Ellen Davis (Ed.) |
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2006 |
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An edited collection on implementing the advanced
measurement approach for calculating operational risk capital under
Basel II ...
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Operational Risk: Modeling Analytics |
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Harry H. Panjer |
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2006 |
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This book says precious little about operational risk
but delves instead into the mathematics that might be used in measuring
operational risk: standard probability distributions, statistical
estimation, copulas, extreme value theory, fast Fourier transforms, etc.
Discussions are mathematically formal and often cryptic, but there are
plenty of good referenceds for more information ...
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Operational Risk |
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Operational risk
measurement is a hot topic for a narrow audience. Spurred by regulators,
major banks are scrambling to implement advanced models for quantifying
operational risk in time for a 2008 Basel II deadline ...
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Guide to Optimal Operational Risk and Basel II |
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I Akkizidis and V Bouchereau |
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2005 |
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This is a high level
discussion of how a financial institution might manage operational risk
in compliance with Basel II. It reads somewhat like a consultant's
marketing proposal, identifying what a comprehensive framework for
managing operational risk might look like but offering few specifics
about how to achieve the vision ...
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Operational Risk with Excel and VBA |
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Nigel Da Costa Lewis |
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2004 |
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This is a nice little
book, but its content is only tangentially related to what the title
suggests. Actually, it is an introduction to basic probability and
statistics for non-technical finance professionals. It illustrates
concepts with examples from operational risk. Excel and VBA are
mentioned but are not a focus ...
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Operational Risk
Regulation, Analysis and Management |
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There are a lot of
books out on operational risk. This is appropriate because operational
risk management is a rapidly evolving field. Nevertheless, we must ask
of each book: what sets it apart? In the case of this edited collection
by Carol Alexander, the answer is its focus on operational risk within
the Basle Committee regulatory framework for banks ...
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Advances in Operational Risk |
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The
field of operational risk management is rapidly evolving. Among books on the
topic, this edited collection is the gold standard ...
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Modeling, Measuring and Hedging Operational Risk |
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The field of
operational risk management is one that is evolving rapidly ... In this
context, a practitioner is well advised to read several books on the
subject offering different viewpoints. Among these should definitely be
Cruz's vigorous, if somewhat quixotic endorsement of the almost
exclusive use of quantitative techniques ... Read more |
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Operational Risk
The New Challenge for Banks |
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Gerrit Jan van den Brink |
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2002 |
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This
English translation of a German book is a
little-known gem among books on operational risk management. It shouldn't be the
first book you read on the subject, but it very likely should be the second.
Read a book like Risk (2002) to "see
the forest." Then read this book "for the trees" ...
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Managing Operational Risk
20 Firmwide Best Practice Strategies |
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Mark Twain once commented "If I had more time, I would
have written a shorter book." This book would similarly have benefited
from more time. Its 534 pages could easily be boiled down to 200, and
the repetitious writing would benefit from more planning and focus ...
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Measuring and Managing Operational Risks in
Financial Institutions |
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Christopher Marshall |
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2000 |
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Of all the books
available on operational risk management, this is the most scholarly. It
is an overview book taking the reader from definitional and motivational
issues right through to issues of modeling, implementation and risk
financing ... Read more |
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