Managing operational risk: Methodology and prospects

Abstract

In the present paper we describe a combined methodology used for modelling and measuring operational risk. Our basic aim is to choose and adjust an efficient combination of techniques in order to cover a range of problems associated with OpRisk and justify our choice. We analyze each part of the methodology and briefly overview some recent results, as well as the prospects of the future research. © 2008 Springer-Verlag Berlin Heidelberg.