This paper discusses the definition of operational risk laid down by the second Basel accord. The loss event types … along with examples provided by Basel committee are put down to clarify the definition. Recent examples of operational risk …

.This paper proposes a logical structure to quantify the operational risk capital charge with a Loss Distribution Approach (LDA …

Operational risk events have severely impacted the development of third-party payment (TPP) platforms, and have even … led to a discussion on the operational risk capital charge settlement by relevant international regulators. However, prior … studies have mostly focused on qualitative mechanism analysis, and have rarely examined quantitative risk assessment based on …

offered by the travel agencies would rather be a risk management service than just the retailing of prepackaged services. To … address this problem of service design, we have conceived a risk management service offer grounded on multidisciplinary …

In this paper we consider the operations of a non-financial corporation and present a novel risk-management framework … where the decision maker - the firm's manager - is risk averse. Critically, our framework (i) imposes risk aversion through … a generic class of tail risk constraints and (ii) considers explicitly the differences than can, and often do, exist …

Operational Risk. Not only for hedge funds, but also for other asset management companies – such as private equity companies …, family offices or independent asset managers - operational risk management is increasingly important. In this article, we … focus on Operational Risk Management for mid-sized Asset Management companies.We take a practitioner's view of how an …

quantitative model called the ω-Score to measure hedge fund operational risk. The ω-Score is related to conflict of interest issues … that this risk score can be used to effectively predict fund failures in the future …

This paper proposes a new framework to reduce the variance and uncertainty in the risk assessment process. Today, this … and a simulation of the risk assessment process, and the improvement in reducing the variance is significant. …

damage on average. Numerical experiments suggest the dependence aspect is important and can alter final risk estimates by as …