Operational Risk Measurement and Modelling

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Guide to mastering operational risk management.

If you're intrigued by the increasingly crucial role of managing operational risk in finance, Jack L. King's book might just be the compass you need in navigating this complex field. King delves into methods and strategies, including his innovative Delta-EVT technique, to measure and mitigate risk effectively. Whether you’re a finance professional or a student, this book could enhance your understanding and application of risk management principles in a tangible and effective way.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Operational Risk Measurement and Modelling

Regular price RM209.00 MYR
Unit price
per
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ISBN: 9780471852094
Authors: Jack L. King
Publisher: Wiley
Date of Publication: 2001-06-01
Format: Hardcover
Related Collections: Business, Economics
Goodreads rating: 3.5
(rated by 2 readers)

Description

Operational risk is emerging as the third leg of an institutional risk strategy for financial institutions. Now recognized as a potential source of financial waste, operational risk has become the subject of surveys, analysis, and the search for a comprehensive set of definitions and a shared framework. Written by a leading expert on operational risk measurement, this important work puts forth a cradle-to-grave hands-on approach that concentrates on measurement of risk in order to provide the needed feedback for managing and mitigating it. Using both theoretical and practical material, he lays out a foundation theory that can be applied and refined for application in the financial sector and beyond which includes a new technique called Delta-EVT(trademark). This technique is a combination of two existing methods which provides for the complete measurement of operational risk loss. The book contains comprehensive step-by-step descriptions based on real-world examples, formulas and procedures for calculating many common risk measures and building causal models using Bayesian networks, and background for understanding the history and motivation for addressing operational risk.
 

Guide to mastering operational risk management.

If you're intrigued by the increasingly crucial role of managing operational risk in finance, Jack L. King's book might just be the compass you need in navigating this complex field. King delves into methods and strategies, including his innovative Delta-EVT technique, to measure and mitigate risk effectively. Whether you’re a finance professional or a student, this book could enhance your understanding and application of risk management principles in a tangible and effective way.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.