{"product_id":"operational-risk-modeling-in-financial-services-9781119508502","title":"Operational Risk Modeling in Financial Services","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eTransform your approach to oprisk modelling with a proven, non-statistical methodology\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eOperational Risk Modeling in Financial Services\u003c\/i\u003e provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade's use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks.\u003c\/p\u003e \u003cp\u003eThe Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent appr\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eList of Figures xi\u003c\/p\u003e \u003cp\u003eList of Tables xv\u003c\/p\u003e \u003cp\u003eForeword xix\u003c\/p\u003e \u003cp\u003ePreface xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Lessons Learned in 10 Years of Practice\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Creation of the Method 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 From Artificial Intelligence to Risk Modelling 3\u003c\/p\u003e \u003cp\u003e1.2 Model Losses or Risks? 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Introduction to the XOI Method 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 A Risk Modelling Doctrine 7\u003c\/p\u003e \u003cp\u003e2.2 A Knowledge Management Process 8\u003c\/p\u003e \u003cp\u003e2.3 The eXposure, Occurrence, Impact (XOI) Approach 9\u003c\/p\u003e \u003cp\u003e2.4 The Return of AI: Bayesian Networks for Risk Assessment 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Lessons Learned in 10 Years of Practice 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Risk and Control Self-Assessment 13\u003c\/p\u003e \u003cp\u003e3.2 Loss Data 24\u003c\/p\u003e \u003cp\u003e3.3 Quantitative Models 30\u003c\/p\u003e \u003cp\u003e3.4 Scenarios Workshops 36\u003c\/p\u003e \u003cp\u003e3.5 Correlations 41\u003c\/p\u003e \u003cp\u003e3.6 Model Validation 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Challenges of Operational Risk Measurement\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Definition and Scope of Operational Risk 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 On Risk Taxonomies 57\u003c\/p\u003e \u003cp\u003e4.2 Definition of Operational Risk 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Importance of Operational Risk 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 The Importance of Losses 71\u003c\/p\u003e \u003cp\u003e5.2 The Importance of Operational Risk Capital 74\u003c\/p\u003e \u003cp\u003e5.3 Adequacy of Capital to Losses 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Need for Measurement 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Regulatory Requirements 77\u003c\/p\u003e \u003cp\u003e6.2 Nonregulatory Requirements 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Challenges of Measurement 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 93\u003c\/p\u003e \u003cp\u003e7.2 Measuring Risk or Measuring Risks? 93\u003c\/p\u003e \u003cp\u003e7.3 Requirements of a Risk Measurement Method 95\u003c\/p\u003e \u003cp\u003e7.4 Risk Measurement Practices 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three The Practice of Operational Risk Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Risk and Control Self-Assessment 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 105\u003c\/p\u003e \u003cp\u003e8.2 Risk and Control Identification 107\u003c\/p\u003e \u003cp\u003e8.3 Risk and Control Assessment 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Losses Modelling 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Loss Distribution Approach 122\u003c\/p\u003e \u003cp\u003e9.2 Loss Regression 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Scenario Analysis 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Scope of Scenario Analysis 137\u003c\/p\u003e \u003cp\u003e10.2 Scenario Identification 150\u003c\/p\u003e \u003cp\u003e10.3 Scenario Assessment 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four The Exposure, Occurrence, Impact Method\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 An Exposure-Based Model 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 A Tsunami Is Not an Unexpectedly Big Wave 179\u003c\/p\u003e \u003cp\u003e11.2 Using Available Knowledge to Inform Risk Analysis 180\u003c\/p\u003e \u003cp\u003e11.3 Structured Scenarios Assessment 181\u003c\/p\u003e \u003cp\u003e11.4 The XOI Approach: Exposure, Occurrence, and Impact 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Introduction to Bayesian Networks 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 A Bit of History 185\u003c\/p\u003e \u003cp\u003e12.2 A Bit of Theory 186\u003c\/p\u003e \u003cp\u003e12.3 Influence Diagrams and Decision Theory 187\u003c\/p\u003e \u003cp\u003e12.4 Introduction to Inference in Bayesian Networks 187\u003c\/p\u003e \u003cp\u003e12.5 Introduction to Learning in Bayesian Networks 189\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Bayesian Networks for Risk Measurement 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 An Example in Car Fleet Management 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 The XOI Methodology 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Structure Design 203\u003c\/p\u003e \u003cp\u003e14.2 Quantification 209\u003c\/p\u003e \u003cp\u003e14.3 Simulation 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 A Scenario in Internal Fraud 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Introduction 219\u003c\/p\u003e \u003cp\u003e15.2 XOI Modelling 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 A Scenario in Cyber Risk 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Definition 227\u003c\/p\u003e \u003cp\u003e16.2 XOI Modelling 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 A Scenario in Conduct Risk 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Definition 239\u003c\/p\u003e \u003cp\u003e17.2 Types of Misconduct 241\u003c\/p\u003e \u003cp\u003e17.3 XOI Modelling 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Aggregation of Scenarios 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Introduction 255\u003c\/p\u003e \u003cp\u003e18.2 Influence of a Scenario on an Environment Factor 257\u003c\/p\u003e \u003cp\u003e18.3 Influence of an Environment Factor on a Scenario 258\u003c\/p\u003e \u003cp\u003e18.4 Combining the Influences 261\u003c\/p\u003e \u003cp\u003e18.5 Turning the Dependencies into Correlations 262\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Applications 265\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Introduction 265\u003c\/p\u003e \u003cp\u003e19.2 Regulatory Applications 267\u003c\/p\u003e \u003cp\u003e19.3 Risk Management 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 A Step towards “Oprisk Metrics” 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Introduction 287\u003c\/p\u003e \u003cp\u003e20.2 Building Exposure Units Tables 288\u003c\/p\u003e \u003cp\u003e20.3 Sources for Driver Quantification 289\u003c\/p\u003e \u003cp\u003e20.4 Conclusion 290\u003c\/p\u003e \u003cp\u003eIndex 291\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407068307799,"sku":"9781119508502","price":44.65,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119508502.jpg?v=1730498063","url":"https:\/\/bookcurl.com\/products\/operational-risk-modeling-in-financial-services-9781119508502","provider":"Book Curl","version":"1.0","type":"link"}