This paper presents a methodology to calibrate the distribution of losses observed in operational risk events. The method is specifically designed to handle the situation where individual event information is only available above an approved threshold and a limited set of below threshold...

Carbon reduction policies adopted by governments could have a significant impact on the profitability of companies. Anticipating these impacts is a growing concern for both investors and regulators. In this paper, we present an integrated assessment of energy transition risk that links future...

This paper investigates the position (state) distribution of the single step binomial (multinomial) process on a discrete state/time grid under the assumption that the velocity process rather than the state process is Markovian. In this model the particle follows a simple multi-step process in...