Modelling Operational Risk Using Bayesian Inference

Download Modelling Operational Risk Using Bayesian Inference full books in PDF, epub, and Kindle. Read online free Modelling Operational Risk Using Bayesian Inference ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Modelling Operational Risk Using Bayesian Inference

Modelling Operational Risk Using Bayesian Inference
Author :
Publisher : Springer Science & Business Media
Total Pages : 311
Release :
ISBN-10 : 9783642159237
ISBN-13 : 3642159230
Rating : 4/5 (230 Downloads)

Book Synopsis Modelling Operational Risk Using Bayesian Inference by : Pavel V. Shevchenko

Download or read book Modelling Operational Risk Using Bayesian Inference written by Pavel V. Shevchenko and published by Springer Science & Business Media. This book was released on 2011-01-19 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The management of operational risk in the banking industry has undergone explosive changes over the last decade due to substantial changes in the operational environment. Globalization, deregulation, the use of complex financial products, and changes in information technology have resulted in exposure to new risks which are very different from market and credit risks. In response, the Basel Committee on Banking Supervision has developed a new regulatory framework for capital measurement and standards for the banking sector. This has formally defined operational risk and introduced corresponding capital requirements. Many banks are undertaking quantitative modelling of operational risk using the Loss Distribution Approach (LDA) based on statistical quantification of the frequency and severity of operational risk losses. There are a number of unresolved methodological challenges in the LDA implementation. Overall, the area of quantitative operational risk is very new and different methods are under hot debate. This book is devoted to quantitative issues in LDA. In particular, the use of Bayesian inference is the main focus. Though it is very new in this area, the Bayesian approach is well suited for modelling operational risk, as it allows for a consistent and convenient statistical framework for quantifying the uncertainties involved. It also allows for the combination of expert opinion with historical internal and external data in estimation procedures. These are critical, especially for low-frequency/high-impact operational risks. This book is aimed at practitioners in risk management, academic researchers in financial mathematics, banking industry regulators and advanced graduate students in the area. It is a must-read for anyone who works, teaches or does research in the area of financial risk.


Modelling Operational Risk Using Bayesian Inference Related Books

Modelling Operational Risk Using Bayesian Inference
Language: en
Pages: 311
Authors: Pavel V. Shevchenko
Categories: Business & Economics
Type: BOOK - Published: 2011-01-19 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

The management of operational risk in the banking industry has undergone explosive changes over the last decade due to substantial changes in the operational en
Operational Risk
Language: en
Pages: 0
Authors: Jack L. King
Categories: Business & Economics
Type: BOOK - Published: 2001-04-25 - Publisher: Wiley

DOWNLOAD EBOOK

Operational risk is emerging as the third leg of an institutional risk strategy for financial institutions. Now recognized as a potential source of financial wa
Risk Assessment and Decision Analysis with Bayesian Networks
Language: en
Pages: 661
Authors: Norman Fenton
Categories: Mathematics
Type: BOOK - Published: 2018-09-03 - Publisher: CRC Press

DOWNLOAD EBOOK

Since the first edition of this book published, Bayesian networks have become even more important for applications in a vast array of fields. This second editio
Modelling Operational Risk Using Bayesian Inference
Language: en
Pages: 302
Authors: Pavel V Shevchenko
Categories: Business & Economics
Type: BOOK - Published: 2011-01-21 - Publisher: Springer

DOWNLOAD EBOOK

The management of operational risk in the banking industry has undergone explosive changes over the last decade due to substantial changes in the operational en
Operational Risk Management
Language: en
Pages: 339
Authors: Ron S. Kenett
Categories: Business & Economics
Type: BOOK - Published: 2011-06-20 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

Models and methods for operational risks assessment and mitigation are gaining importance in financial institutions, healthcare organizations, industry, busines