This survey represents a comprehensive elicitation of perspectives on operational risk (OpRisk) modelling and practice … organizations in operational risk in the financial industry, the Institute of Operational Risk (IOR) and the Center for Financial … analysis was to develop an understanding of the dynamic and evolving nature of operational risk management practice from …

Operational risk announcements are unexpected adverse media news that potentially harm the reputation of financial … when there is lack of certain, quantifiable and regulated public information about the operational risk event … institutions. This paper examines the equity-based and debt-based reputational effects of financial sentiment tones in operational …

We use an empirical model to categorize firms into portfolios based on operational risk. Using these portfolios, we … show that a strategy of buying firms in the highest decile of operational risk and shorting firms in the lowest decile of … operational risk earned a positive but insignificant risk-adjusted average return of 0.72% per month from 1990 to 2000. However …

operational risk. We find important discrepancies across event types and scenarios …

In this paper, we propose a general modeling framework for operational risk management of financial firms. We consider … operational risk events as shocks to a financial firm's value process, and then study capital investments in preventive and … up to 1.5%. In general, our modeling framework, which combines a typical operational risk process with stochastic control …

Korean business groups, chaebol, reduced operational risk in the aftermath of the 1997 Asian financial crisis by …-level operational risk in response to the increased cost of external financing …