Operational Risk toward Basel 3 – Best Practices and Issues in Modeling, Management and Regulation

Foreword.
<p>About the Editor.</p>
<p>Acknowledgments.</p>
<p>About the Contributors.</p>
<p>PART ONE: Operational Risk Measurement: Qualitative Approaches.</p>
<p>CHAPTER 1: Modeling Operational Risk Based on Multiple Experts Opinions (Jean–Philippe Peters and Georges H&uuml;bner).</p>
<p>CHAPTER 2: Consistent Quantitative Operational Risk Measurement (Andreas A. Jobst).</p>
<p>CHAPTER 3: Operational Risk Based on Complementary Loss Evaluations (Andrea Giacomelli and Loriana Pelizzon).</p>
<p>CHAPTER 4: Can Operational Risk Models Deal with Unprecedented Large Banking Losses? (Duc Pham–Hi).</p>
<p>CHAPTER 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 (Magali Dubosson and Emmanuel Fragni&egrave;re).</p>
<p>CHAPTER 6: Operational Risk and Stock Market Returns: Evidence from Turkey (M. Nihat Solako&amp;#287;lu and K. Ahmet K&ouml;se).</p>
<p>PART TWO: Operational Risk Measurement: Quantitative Approaches.</p>
<p>CHAPTER 7: Integrating Op Risk into Total VaR (Niklas Wagner and Thomas Wenger).</p>
<p>CHAPTER 8: Importance Sampling Techniques for Large Quantile Estimation in the Advanced Measurement Approach (Marco Bee and Giuseppe Espa).</p>
<p>CHAPTER 9: One–Sided Cross–Validation for Density Estimation with an Application to Operational Risk (Mar&iacute;a Dolores Mart&iacute;nez Miranda, Jens Perch Nielsen, and Stefan A. Sperlich).</p>
<p>CHAPTER 10: Multivariate Models for Operational Risk: A Copula Approach Using Extreme Value Theory and Poisson Shock Models (Omar Rachedi and Dean Fantazzini).</p>
<p>CHAPTER 11: First–Order Approximations to Operational Risk: Dependence and Consequences (Klaus B&ouml;cker and Claudia Kl&uuml;ppelberg).</p>
<p>PART THREE: Operational Risk Management and Mitigation.</p>
<p>CHAPTER 12: Integrating "Management" into "OpRisk Management" (Wilhelm K. Kross).</p>
<p>CHAPTER 13: Operational Risk Management: An Emergent Industry (Kimberly D. Krawiec).</p>
<p>CHAPTER 14: OpRisk Insurance as a Net Value Generator (Wilhelm K. Kross and Werner Gleissner).</p>
<p>CHAPTER 15: Operational Risk Versus Capital Requirements under New Italian Banking Capital Regulation: Are Small Banks Penalized? (Simona Cosma, Giampaolo Gabbi, and Gianfausto Salvadori).</p>
<p>CHAPTER 16: Simple Measures for Operational Risk Reduction? An Assessment of Implications and Drawbacks (Silke N. Brandts and Nicole Branger).</p>
<p>PART FOUR: Issues in Operational Risk Regulation and the Fund Industry.</p>
<p>CHAPTER 17: Toward an Economic and Regulatory Benchmarking Indicator for Banking Systems (John L. Simpson, John Evans, and Jennifer Westaway).</p>
<p>CHAPTER 18: Operational Risk Disclosure in Financial Services Firms (Guy Ford, Maike Sundmacher, Nigel Finch, and Tyrone M. Carlin).</p>
<p>CHAPTER 19: Operational Risks in Payment and Securities Settlement Systems: A Challenge for Operators and Regulators (Daniela Russo and Pietro Stecconi).</p>
<p>CHAPTER 20: Actual and Potential Use of Unregulated Financial Institutions for Transnational Crime (Carolyn Vernita Currie).</p>
<p>CHAPTER 21: Case Studies in Hedge Fund Operational Risks: From Amaranth to Wood River (Keith H. Black).</p>
<p>CHAPTER 22: A Risk of Ruin Approach for Evaluating Commodity Trading Advisors (Greg N. Gregoriou and Fabrice Douglas Rouah).</p>
<p>CHAPTER 23: Identifying and Mitigating Valuation Risk in Hedge Fund Investments (Meredith A. Jones).</p>
<p>Index.</p>