This paper reports the results of an empirical analysis of operational risk in a bank and derives a model to represent the distribution of losses. Comparisons are made with models traditionally used to model operational risk. The paper concentrates more on the severity issue rather than the...

In Australia, superannuation funds are a major source of capital for the development of the economy with assets of around AUD 1 trillion and growing rapidly. This study is aimed at establishing what are the attitudes of the major superannuation funds to private equity investments and is a follow...