Ebnöther, Silvan; Vanini, Paolo; McNeil, Alexander; … - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
regulatory capital charge for operational risk. Since the release of the document, the complexity of the concept of "operational … risk" has led to vigorous and recurring discussions. We show that for a production unit of a bank with well …-defined workflows operational risk can be unambiguously defined and modelled. The results of this modelling exercise are relevant for …