Diversification is a core concept in Asset Management. Yet diversification can mean different things to different people and there no consensus on how it is measured nor is there a broadly accepted metric for reporting of diversification. Sometimes, there is confusion in understanding...

Data insufficiency and reporting threshold are two main issues in operational risk modelling. When these conditions are present, maximum likelihood estimation (MLE) may produce very poor parameter estimates. In this study, we first investigate four methods to estimate the parameters of truncated...