‘Operational risk: the sting is still in the tail but the poison depends on the dose’

The IMF has published a new paper on operational risk. ‘Operational risk: the sting is still in the tail but the poison depends on the dose’ by Andreas Jobst investigates the generalized parametric measurement methods of aggregate operational risk in compliance with the regulatory capital standards for operational risk in the New Basel Capital Accord.

The document starts from the assumption that operational risk is defined as the risk of loss resulting from inadequate or failed internal processes and information systems, from misconduct by people or from unforeseen external events.

The 72 page PDF document is available for US$18.00 from http://www.imf.org/external/pubs/cat/longres.cfm?sk=21378.0

•Date: 1st Nov 2007• Region:World •Type: Article •Topic: Operational risk
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