measure of operational risk-taking that utilizes industry-specific data on corporate operations. Using a regression … discontinuity design, we find that borrowers reduce operational risk-taking following covenant violations, corresponding to a …

Statistical analyses on actual data depict operational risk as an extremely heavy-tailed phenomenon, able to generate … operational risk, but it can be applied in all those situations involving extreme fat-tails and bounded support …

various operational risk contributing factors- people, process, systems and external events, their strategy, structure and … mitigating people related operational risk factor. Thus, we complete our model framework in four stages. The proposed model … among various operational risk contributing factors- people, process, systems and external events can be reviewed frequently …

toward less regulated areas. We focus on the case of operational risk which went from being a relatively benign and largely …-constrained banks aggressively took on operational risk as a mean of regulatory arbitrage. Indeed, this contributed to operational risk …

introduce errors, called SME with errors or SMEE. Although our motivating example come from the field of Operational Risk …

The management of operational risk in the banking industry has undergone significant changes over the last decade due to … substantial changes in operational risk environment. Globalization, deregulation, the use of complex financial products and changes … operational risk category and corresponding capital requirements. Over the past five years, major banks in most parts of the world …

Under the Basel II standards, the Operational Risk (OpRisk) advanced measurement approach is not prescriptive regarding …

Under the Basel II standards, the Operational Risk (OpRisk) advanced measurement approach allows a provision for …? The second question pertains to Solvency II and addresses quantification of insurer capital for such operational risk …

distribution for modeling of Operational Risk. First, we provide an overview of the typical compound-process LDA used widely in … Operational Risk modeling, before expanding upon the current literature on evaluation and simulation of annual loss distributions …