Operational Risk: Measurement and Modeling

Author: Jack L. King / Chen Jian et al
Publisher:
Publish Date: 2005-02-01
Features: "On a topic that is fast becoming saturated, Dr. King introduces many practical solutions." — Philip Martin, Managing Director, HSBC Operations Risk Consulting "Jack L. King introduces a large number of theoretical methods in an in-depth and direct way to elaborate a systematic framework for supporting operations risk measurement and modeling. This is why the book's arguments are thought-provoking, and it serves as a valuable reference for practitioners and students in related fields. For debates, it is also a popular tool." — Tim Kent-Phillips, Executive Director, Operations Department, Lehman Brothers International (Europe) "Dr. King's work clearly demonstrates his hands-on experience in the financial field and will prompt practitioners to produce high-quality work in establishing operations risk measurement systems. The thorough understanding presented in this book is exactly what those who are building operations risk measurement systems from scratch need." — Dr. Gabor Laszlo, Deputy Head of Market Risk Management, J.P. Morgan Chase "I believe this book will play a very valuable role in the ongoing discussion about how to handle operations risk. Practitioners, regulators, and scholars will find useful insights to enhance their conceptual understanding of operations risk, such as measurement, control, and management, as well as how it relates to economic capital requirements." — Dr. Daniel Egloff, Deloitte & Touche "For businesses, risk is increasingly growing and inevitable. How to manage this growing risk has become very necessary for financial institutions and the entire economic system. " "Rapid technological advancements and financial innovation have brought new, highly complex risk elements." — William McDnough, President of the Bank for International Settlements, September 20, 2000 "The reallocation of risk has led to more real estate investments, resulting in higher living standards." — Alan Greenspan, Chairman of the U.S. Federal Reserve, October 14, 1999 "Operations risk is a topic that most banks now view as important as credit risk and market risk. In the coming years, banks will allocate more resources and pay more attention to it." — Tim Sweeney, President of the British Bankers' Association, 1998 "Operations Risk: Measurement and Modeling" proposes a new method to increase corporate value by providing a way to measure operations risk and help businesses better control the volatility and risk of operational income. This book inspiringly introduces a new approach to business operations and its theoretical foundation to ensure that the methodology can be widely applied and remain stable in the long term.