Not so long ago, information technology (IT) risk occupied a small corner of operational risk – the opportunity loss …

This paper describes the use of Bayesian networks (BNs) to model the operational risk to information technology (IT … operational risk scenarios involving data centers and operational locations, applications and systems, processes, and ultimately … Aviation and Nuclear sectors, readily translate to operational risk in finance. …

This paper analyzes the implications of the advanced measurement approach (AMA) for the assessment of operational risk … propose a method to include external data in the framework. We then estimate the impact of operational risk management on bank …