Operational Risk: The New Challenge for Banks
Author: Gerrit Jan Van Den Brink
List Price: $79.95
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ISBN: 0333968689
Publisher: Palgrave Macmillan (January, 2002)
Sales Rank: 440,527
Average Customer Rating: 3 out of 5
Customer Reviews
Rating: 5 out of 5
Breaking New Ground
This is a thoughtful and comprehensive piece of work by an industry insider whose practical experience of the topic is clear. I found this helpful both for myself as head of operational risk in a financial institution, as have some of the other staff in my department.
Rating: 1 out of 5
No value added to the subject
One of the most significant debates in the financial industry nowadays is the one of quantification of operational risk. This book does not add anything to the discussion. Find qualitative standards for operational risk inside a bank is a challenging but always achievable task as it usually relies on the particular characteristics of the own organization. The problem lies on the quantification. Subjects like operational risk capital allocation, VaR models, correlation etc are not mentioned here. The book is absolutely qualitative with many flaws even there. Similar Products
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