Operational Risk: Measurement and Modelling
Author: Jack L. King
List Price: $95.00
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ISBN: 0471852090
Publisher: John Wiley & Sons (June, 2001)
Sales Rank: 399,730
Average Customer Rating: 2.8 out of 5
Customer Reviews
Rating: 1 out of 5
Waste of money. Already put mine on sale.
This is a very bad book. I wish I could have seen it before I bought it. I agree with the two reviewers that stated that this book is repetitive. I have already put mine on sale. At least I could use the money to buy a good operational risk book.
Rating: 5 out of 5
Good first book to read if you want to understand the basics
This book describes key ideas of operational risk, and provides valuable insight on how to deal with it. Particularly useful is Delta-EVT, the author's methodology for measuring operational risk that separates the risk into two parts - the expected operating loss due to 'normal' operations, and the unexpected loss resulting from breakdowns in control [King 2001]. As well, this is one of the first comprehensive books on operational risk and the author has provided a nice balance of background and reference information along with the key ideas that with a bit of effort any level of practitioner can understand and apply.
Rating: 1 out of 5
Disappointing: Repeating the same idea all along
This book could be half of its actual size. The author states his ideas in the first part and then just repeat them all along in the second part. For example, there are two chapters on extreme value theory, one in the first part and the other on the second part both telling basically the same story (and both very simplistic by the way). Perhaps he thinks that by repeating the ideas the reader would catch his message. The part of the book that it is not pure repetition waste space with the "most famous operational losses" with no further analysis but just stating them. There is also no indication on the author's bio whether he has any real-life experience in operational risk to write a book on the subject. Hence, his ideas to measure and model OR might just not work at all. The industry is still waiting for a good book in operational risk. Similar Products
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