Measuring and Managing Operational Risk: An Integrated Approach (Palgrave Macmillan Studies in Banking and Financial Institutions)

This book covers Operational Risk Management (ORM), in the current context, and its new role in the risk management field. The concept of operational risk is subject to a wide discussion also in the field of ORM’s literature, which has increased throughout the years. By analyzing different methodologies that try to integrate qualitative and quantitative data or different measurement approaches, the authors explore the methodological framework, the assumptions, statistical tool, and the main results of an operational risk model projected by intermediaries. A guide for academics and students, the book also discusses the avenue of mitigation acts, suggested by the main results of the methodologies applied. The book will appeal to students, academics, and financial supervisory and regulatory authorities. This book covers Operational Risk Management (ORM), in the current context, and its new role in the risk management field. The concept of operational risk is subject to a wide discussion also in the field of ORM?s literature, which has increased throughout the years. By analyzing different methodologies that try to integrate qualitative and quantitative data or different measurement approaches, the authors explore the methodological framework, the assumptions, statistical tool, and the main results of an operational risk model projected by intermediaries.`guide for academics and students, the book also discusses the avenue of mitigation acts, suggested by the main results of the methodologies applied. The book will appeal to students, academics, and financial supervisory and regulatory authorities.#xE000 Front Matter ....Pages i-xviii Introduction to the Work and Operational Risk (Paola Leone, Pasqualina Porretta)....Pages 1-23 Operational Risk Management: Regulatory Framework and Operational Impact (Paola Leone, Pasqualina Porretta)....Pages 25-93 Operational Risk Measurement: A Literature Review (Francesco Giannone)....Pages 95-143 Integrated Risk Measurement Approach: A Case Study (Vitantonio Matarazzo, Mario Vellella)....Pages 145-181 Almost Concluding Thoughts Between a Comparative Analysis and a Sensitivity Analysis: Look Over the Regulatory View (Paola Leone, Vitantonio Matarazzo, Pasqualina Porretta, Mario Vellella)....Pages 183-205 Back Matter ....Pages 207-211 Annotation The concept of operational risk is subject to a wide discussion also in the field of ORM's literature, which has increased throughout the years. By analysing different methodologies that try to integrate qualitative and quantitative data or different measurement approaches, the authors explore the methodological framework, the assumptions, statistical tool, and the main results of an operational risk model projected by intermediaries