{"product_id":"operational-risk-toward-basel-iii-isbn-9780470390146","title":"Operational Risk Toward Basel III","description":"This book consists of chapters by contributors (well-known professors, practitioners, and consultants from large and well respected money management firms within this area) offering the latest research in the OpRisk area. The chapters highlight how operational risk helps firms survive and prosper by givingreaders the latest, cutting-edge techniques in OpRisk management. Topics discussed include: Basel Accord II, getting ready for the New Basel III, Extreme Value Theory, the new capital requirements and regulations in the banking sector in relation to financial reporting (including developing concepts such as OpRisk Insurance which wasn't a part of the Basel II framework). The book further discussed quantitative and qualitative aspects of OpRisk, as well as fraud and applications to the fund industry. \u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003eAbout the Editor xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAbout the Contributors xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Operational Risk Measurement: Qualitative Approaches\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Modeling Operational Risk Based on Multiple Experts’ Opinions 3\u003cbr\u003e\u003ci\u003eJean-Philippe Peters and Georges H\u003c\/i\u003e\u003ci\u003eübner\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 2 Consistent Quantitative Operational Risk Measurement 23\u003cbr\u003e\u003ci\u003eAndreas A. Jobst\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 3 Operational Risk Based on Complementary Loss Evaluations 69\u003cbr\u003e\u003ci\u003eAndrea Giacomelli and Loriana Pelizzon\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 Can Operational Risk Models Deal with Unprecedented Large Banking Losses? 85\u003cbr\u003e\u003ci\u003eDuc Pham-Hi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 5 Identifying and Mitigating Perceived Risks in the Bank Service Chain: A New Formalization Effort to Address the Intangible and Heterogeneous Natures of Knowledge-Based Services 97\u003cbr\u003e\u003ci\u003eMagali Dubosson and Emmanuel Fragni\u003c\/i\u003e\u003ci\u003eère\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 6 Operational Risk and Stock Market Returns: Evidence from Turkey 115\u003cbr\u003e\u003ci\u003eM. Nihat Solako\u003c\/i\u003e\u003ci\u003eĝlu and K. Ahmet K\u003c\/i\u003e\u003ci\u003eöse\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Operational Risk Measurement: Quantitative Approaches\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Integrating Op Risk into Total VaR 131\u003cbr\u003e\u003ci\u003eNiklas Wagner and Thomas Wenger\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Importance Sampling Techniques for Large Quantile Estimation in the Advanced Measurement Approach 155\u003cbr\u003e\u003ci\u003eMarco Bee and Giuseppe Espa\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 9 One-Sided Cross-Validation for Density Estimation with an Application to Operational Risk 177\u003cbr\u003e\u003ci\u003eMar\u003c\/i\u003e\u003ci\u003eía Dolores Mart\u003c\/i\u003e\u003ci\u003eínez Miranda, Jens Perch Nielsen, and Stefan A. Sperlich\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 Multivariate Models for Operational Risk: A Copula Approach Using Extreme Value Theory and Poisson Shock Models 197\u003cbr\u003e\u003ci\u003eOmar Rachedi and Dean Fantazzini\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 First-Order Approximations to Operational Risk: Dependence and Consequences 219\u003cbr\u003e\u003ci\u003eKlaus B\u003c\/i\u003e\u003ci\u003eöcker and Claudia Kl\u003c\/i\u003e\u003ci\u003eüppelberg\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Operational Risk Management and Mitigation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 12 Integrating “Management\" into “OpRisk Management\" 249\u003cbr\u003e\u003ci\u003eWilhelm K. Kross\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 Operational Risk Management: An Emergent Industry 271\u003cbr\u003e\u003ci\u003eKimberly D. Krawiec\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 OpRisk Insurance as a Net Value Generator 289\u003cbr\u003e\u003ci\u003eWilhelm K. Kross and Werner Gleissner\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 15 Operational Risk Versus Capital Requirements under New Italian Banking Capital Regulation: Are Small Banks Penalized? 311\u003cbr\u003e\u003ci\u003eSimona Cosma, Giampaolo Gabbi, and Gianfausto Salvadori\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 16 Simple Measures for Operational Risk Reduction? An Assessment of Implications and Drawbacks 337\u003cbr\u003e\u003ci\u003eSilke N. Brandts and Nicole Branger\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Issues in Operational Risk Regulation and the Fund Industry\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 17 Toward an Economic and Regulatory Benchmarking Indicator for Banking Systems 361\u003cbr\u003e\u003ci\u003eJohn L. Simpson, John Evans, and Jennifer Westaway\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 18 Operational Risk Disclosure in Financial Services Firms 381\u003cbr\u003e\u003ci\u003eGuy Ford, Maike Sundmacher, Nigel Finch, and Tyrone M. Carlin\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 19 Operational Risks in Payment and Securities Settlement Systems: A Challenge for Operators and Regulators 397\u003cbr\u003e\u003ci\u003eDaniela Russo and Pietro Stecconi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 20 Actual and Potential Use of Unregulated Financial Institutions for Transnational Crime 413\u003cbr\u003e\u003ci\u003eCarolyn Vernita Currie\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 21 Case Studies in Hedge Fund Operational Risks: From Amaranth to Wood River 435\u003cbr\u003e\u003ci\u003eKeith H. Black\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 22 A Risk of Ruin Approach for Evaluating Commodity Trading Advisors 453\u003cbr\u003e\u003ci\u003eGreg N. Gregoriou and Fabrice Douglas Rouah\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eChapter 23 Identifying and Mitigating Valuation Risk in Hedge Fund Investments 465\u003cbr\u003e\u003ci\u003eMeredith A. Jones\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIndex 479\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eGREG N. GREGORIOU, P\u003c\/b\u003eh\u003cb\u003eD,\u003c\/b\u003e is Professor of Finance in the School of Business and Economics at the State University of New York at Plattsburgh. He has written over fifty articles on hedge funds and managed futures in various peer-reviewed publications. In addition to a multitude of publications with a variety of publishers, Gregoriou is author of the following Wiley books: \u003ci\u003eStock Market Liquidity; International Corporate Governance After Sarbanes-Oxley; Commodity Trading Advisors; Hedge Funds: Insights in Performance Measurement, Risk Analysis, and Portfolio Allocation;\u003c\/i\u003e and \u003ci\u003eEvaluating Hedge Fund and CTA Performance.\u003c\/i\u003e   Recent developments in the financial world have once again brought the issue of risk management to the forefront. Without a doubt, international banking reforms are now more important than ever, and understanding current compliance issues as well as the effects of future accords such as Basel III is essential.  \u003c\/p\u003e\u003cp\u003eWhile newly developed and optimized financial products are supposed to provide better protection against credit and market risk, the factors involved in the operational risk arena continue to grow in complexity. That's why editor and financial expert Greg N. Gregoriou has created \u003ci\u003eOperational Risk toward Basel III\u003c\/i\u003e. In it, he brings together experienced practitioners, consultants, and academics to analyze key concepts associated with this discipline.\u003c\/p\u003e \u003cp\u003eDivided into four comprehensive sections—Operational Risk Measurement: Qualitative Approaches; Operational Risk Measurement: Quantitative Approaches; Operational Risk Management and Mitigation; and Issues in Operational Risk Regulation and the Fund Industry—this detailed guide not only contains contributed chapters that provide an abundant amount of information regarding operational risk, but it also walks you through a wide array of case studies and examples that will solidify your understanding of the issues discussed.\u003c\/p\u003e \u003cp\u003eTopics covered, include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eOperation risk (OpR) management under the new Basel Capital Accord\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eDealing with the intangible nature of banking services\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eOpR vs. capital requirements under new banking capital regulations\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eIntegrating OpR into total Value-at-Risk (VaR)\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eOpR disclosure in financial services firms\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHedge fund operational risks\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eOpR in securities clearing and settlement systems\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile operational risk has long been regarded as a mere part of \"other\" risks—outside the realm of credit and market risk—it has quickly made its way to the forefront of finance. With the implementation of the Basel II Accord throughout the developed world and Basel III on the horizon, many financial professionals, as well as those preparing to enter this field, must be familiar with a variety of issues related to operational risk modeling, management, and regulation. \u003ci\u003eOperational Risk toward Basel III\u003c\/i\u003e contains the information you need to achieve this goal.\u003c\/p\u003e  \u003cp\u003eRecent developments in the financial world have once again brought the issue of risk management to the forefront. Without a doubt, international banking reforms are now more important than  ever, and understanding current compliance issues as well as the effects of future accords such   as Basel III is essential.  \u003c\/p\u003e\u003cp\u003eWhile newly developed and optimized financial products are supposed to provide better protection against credit and market risk, the factors involved in the operational risk arena continue to grow in complexity. That's why editor and financial expert Greg N. Gregoriou has created \u003ci\u003eOperational Risk toward Basel III\u003c\/i\u003e. In it, he brings together experienced practitioners, consultants, and academics to analyze key concepts associated with this discipline. \u003c\/p\u003e\u003cp\u003eDivided into four comprehensive sections—Operational Risk Measurement: Qualitative Approaches; Operational Risk Measurement: Quantitative Approaches; Operational Risk Management and Mitigation; and Issues in Operational Risk Regulation and the Fund Industry—this detailed guide not only contains contributed chapters that provide an abundant amount of information regarding operational risk, but it also walks you through a wide array of case studies and examples that will solidify your understanding of the issues discussed. \u003c\/p\u003e\u003cp\u003eTopics covered, include: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eOperation risk (OpR) management under the new Basel Capital Accord\u003c\/li\u003e \u003cli\u003eDealing with the intangible nature of banking services\u003c\/li\u003e \u003cli\u003eOpR vs. capital requirements under new banking capital regulations\u003c\/li\u003e \u003cli\u003eIntegrating OpR into total Value-at-Risk (VaR)\u003c\/li\u003e \u003cli\u003eOpR disclosure in financial services firms\u003c\/li\u003e \u003cli\u003eHedge fund operational risks\u003c\/li\u003e \u003cli\u003eOpR in securities clearing and settlement systems\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile operational risk has long been regarded as a mere part of \"other\" risks—outside the realm of credit and market risk—it has quickly made its way to the forefront of finance. With   the implementation of the Basel II Accord throughout the developed world and Basel III on the horizon, many financial professionals, as well as those preparing to enter this field, must be familiar with a variety of issues related to operational risk modeling, management, and regulation. \u003ci\u003eOperational Risk toward Basel III\u003c\/i\u003e contains the information you need to achieve this goal.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989718810853,"sku":"NP9780470390146","price":95.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470390146.jpg?v=1761785233","url":"https:\/\/k12savings.com\/es\/products\/operational-risk-toward-basel-iii-isbn-9780470390146","provider":"K12savings","version":"1.0","type":"link"}