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Quantification of Operational Risk Under Basel II: The Good, Bad and Ugly

Quantification of Operational Risk Under Basel II: The Good, Bad and Ugly

Hardcover

Series: Finance and Capital Markets

AccountingInvesting & Finance

ISBN10: 0230222668
ISBN13: 9780230222663
Publisher: Palgrave MacMillan
Published: Oct 31 2008
Pages: 268
Weight: 1.15
Height: 1.00 Width: 6.40 Depth: 9.20
Language: English
The book presents arguments that are critical of the Basel II Accord, particularly the advanced measurement approach to operational risk. It is argued that the advanced measurement approach is not viable in terms of costs and benefits and is likely to distract financial institutions from the real task of managing operational risk.

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