DUBLIN, Ireland, Sept. 8, 2004--Research and Markets (http://www.researchandmarkets.com) has announced the addition of Operational Risk Modelling and Analysis: Theory and Practice to their offering.

"The modelling of operational risk under the new Basel II guidelines is a major concern to the financial industry. Rather than concentrating on one approach, this book gives an overview of methodology that leads towards a better understanding of operational risk, relevant for the three Pillars of Basel II", Paul Embrechts, ETH Zurich and London School of Economics.

The definitive journey into operational risk - this new multi-contributor title will guide you with the identification, modelling, implementation, analysis and integration of operational risk into your overall risk management framework.

- Enables you to make more informed decisions on how to identify and avoid the potential risks as well as fully understand the acceptable risks on a cost-benefit basis

- Divided under three main sections -

1. Database Modelling, Regulatory and Technical Issues;

2. Risk Modelling and Measurement;

3. Case Studies of Implementation of Operational Risk Projects in Large Financial Institutions

- Highlights integral issues such as how to spot the links between indicators of operational risk and the potential losses

- Examines the tensions inherent in the nature of operational risk at both quantitative and qualitative levels

- Outlines the practical day-to-day issues and illustrates workable methodologies with examples, case studies and cutting-edge analysis

- Provides an even mix of both the progressive and in-depth research taking place in academic institutions as well as the actual practical implementation issues

- Provides the tools to cope with differing and complex situations within operational risk

- Edited by Marcelo Cruz, a world-renowned leading expert on operational risk modelling and measurement

Report Contents:

SECTION 1 - DATABASE MODELLING, REGULATORY AND TECHNOLOGY ISSUES

Introduction

Marcelo Cruz, RiskMaths

1. Operational Risk - Management Based on the Current Loss Data Situation

Agatha Kalhoff, Marcus Haas BII, University of Frankfurt

2. Tackling the Insufficiency of Loss Data for the Quantification of Operational Risk

Marcus Haas, Thomas Kaiser, University of Frankfurt; KPMG

3. Contract Management and Operational Risk

Kristiina Vares, Swedish School of Economics and Business Administration

4. Basel II and Operational Risk - An Overview

Carolyn V. Currie, University of Technology, Sydney

5. Implementing Operational Risk Solutions

Deborah Williams, Financial Insights

SECTION 2 - RISK MODELLING AND MEASUREMENT

Introduction

Marcelo Cruz, RiskMaths

6. Integration of Qualitative and Quantitative Operational Risk Data: A Bayesian Approach

Paolo Giudici, University of Pavia

7. Stable Modelling of Operational Risk

Anna Chernobai, Svetlozar Rachev, University of California

8. Towards Operational Risk Management

Kaj Nystrom, Jimmy Skoglund, Swedbank

9. A Copula-Extreme Value Theory Approach for Modelling Operational Risk

Annalisa Di Clemente, Claudio Romano, University of Rome; Capitalia Bank Holding

10. Cyclicality in the Catastrophic Risk of Financial Institutions

Linda Allen, Turan G. Bali, Yi Tang, Zicklin School of Business

11. Using Stratified Sampling Methods to Improve Percentile Estimates in the Context of Risk Measurement

Neil Hereford, Geoffrey Shuetrim, KPMG

12. Adequate Capital and Stress Testing for Operational Risks

Reimer Kuhn, Peter Neu, King's College London; Dresdner Bank AG

SECTION 3 - CASE STUDIES OF IMPLEMENTATION OF OPERATIONAL RISK PROJECTS IN LARGE FINANCIAL INSTITUTIONS

Introduction

Marcelo Cruz, RiskMaths

13. The JPMorganChase Operational Risk Environment

JPMorgan Chase

14. Overall Large Bank Operational Risk Framework

Duncan Fairley, David McCall, HBOS

15. Implementing an Integrated Operational Risk Framework

Sok Hui Chng, Him Chuan Lim, DBS Group

For more information visit http://www.researchandmarkets.com/reports/c4686

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com 
Fax: +353 1 4100 980