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Operational risk a guide to basel II capital requirements, models, and analysis

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Operational risk a guide to basel II capital requirements, models, and analysis

OperationalRiskA Guide to Basel II Capital Requirements, Models, and AnalysisANNA s. CHERNOBAI SVETLOZAR T. RACHEVFRANK J. FABOZZIo ICCNTCNMIAL• 1 8 0

Operational risk a guide to basel II capital requirements, models, and analysis0 7 2 ị WILEY; Í 2007 •->•I—— ....JrOlCfNTtNNIALJohn Wiley Sc Sons, Inc.Copyright (ộ 2007 by Anna s. Chernobai, Svctlozar 1. Rachcv, and Frank J. Fab

ozzi. All rights reserved.Published by John Wiley & Sons, Inc., Hoboken, New jersey.Published simultaneously in Canada.Wiley Bicentennial Logo: Richar Operational risk a guide to basel II capital requirements, models, and analysis

d J. PacificoNo part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mech

Operational risk a guide to basel II capital requirements, models, and analysis

anical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without

OperationalRiskA Guide to Basel II Capital Requirements, Models, and AnalysisANNA s. CHERNOBAI SVETLOZAR T. RACHEVFRANK J. FABOZZIo ICCNTCNMIAL• 1 8 0

Operational risk a guide to basel II capital requirements, models, and analysister, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher fo

r permission should be addressed to the Permissions Department, John Wiley &Í Sons, Inc., 1 1 1 River Street, Hoboken, NJ 07030, (201) 748-6011, fax ( Operational risk a guide to basel II capital requirements, models, and analysis

201) 748-6008, or online at http://www.wiley.com/go/permissioti.Limit of I.iability/Disclairner of Warranty: While the publisher and author have used

Operational risk a guide to basel II capital requirements, models, and analysis

their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of

OperationalRiskA Guide to Basel II Capital Requirements, Models, and AnalysisANNA s. CHERNOBAI SVETLOZAR T. RACHEVFRANK J. FABOZZIo ICCNTCNMIAL• 1 8 0

Operational risk a guide to basel II capital requirements, models, and analysisnded by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You shoul

d consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damag Operational risk a guide to basel II capital requirements, models, and analysis

es, including but nor limited to special, incidental, consequential, or other damages.For general information on our other products and services or lo

Operational risk a guide to basel II capital requirements, models, and analysis

r technical support, please contact our Customer Care Department within the United States ar (800) 762-2974, outside rhe United States at (317) 572-39

OperationalRiskA Guide to Basel II Capital Requirements, Models, and AnalysisANNA s. CHERNOBAI SVETLOZAR T. RACHEVFRANK J. FABOZZIo ICCNTCNMIAL• 1 8 0

Operational risk a guide to basel II capital requirements, models, and analysis electronic books. For more information about Wiley products, visit our Web site at www.wiley.com.ISBN: 978-0-471-78051-9Printed in the United States

of America.10 9 8 7 6 5 4 3 2 1ASCTo my husband, Makan, and my parentsSTRTo the memory of my parents, Nadezda Racheva and Todor RachevFJFTo my wife, D Operational risk a guide to basel II capital requirements, models, and analysis

onna, and children, Francesco, Patricia, and KarlyContentsPrefaceXVAbout the AuthorsxixCHAPTER 1Operational Risk Is Not Just "Other" Risks1Effects of

Operational risk a guide to basel II capital requirements, models, and analysis

Globalization and Deregulation: Increased RiskExposures2

OperationalRiskA Guide to Basel II Capital Requirements, Models, and AnalysisANNA s. CHERNOBAI SVETLOZAR T. RACHEVFRANK J. FABOZZIo ICCNTCNMIAL• 1 8 0

OperationalRiskA Guide to Basel II Capital Requirements, Models, and AnalysisANNA s. CHERNOBAI SVETLOZAR T. RACHEVFRANK J. FABOZZIo ICCNTCNMIAL• 1 8 0

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