Introduction: Operational Risk Management: New Disciplines, New Opportunities
Peyman Mestchian of SAS UK
MANAGING OPERATIONAL RISK
1. Operational Risk Management: The Solution is in the Problem
Peyman Mestchian of SAS UK
2. Managing Operational Risk
Robert Hübner, Mark Laycock and Fred Peemöller of Deutsche Bank AG
3. New Trends in Operational Risk Insurance for Banks
Brendon Young of ORRF and Simon Ashby of FSA
4. Operational Risk in Bank Acquisitions: A Real Options Approach to Valuing Managerial Flexibility
Hemantha S. B. Herath of University of Northern British Columbia and John S. Jahera Jr of Auburn University
5. How to Introduce an Effective Operational Risk Management Framework
Roland Kennett of BNP Paribas
RISK ANALYSIS, IDENTIFICATION & MODELLING
6. Operational Risk Capital Allocation and Integration of Risks
Elena A. Medova of University of Cambridge
7. Developing an Operational VAR Model using EVT
Marcelo Cruz of RiskMaths
8. The Use of Reliability Theory in Measuring Operational Risk
Patrick Mc Connell of Henley Management College
9. Model Selection for Operational Risk
Michel Crouhy of CIBC, Dan Galai of Hebrew University and Robert Mark of Black Diamond
10. Model Error in Enterprise-wide Risk Management: Insurance Policies with Guarantees
Andrea Consiglio of University of Cyprus and University of Palermo and Stavros A. Zenios of University of Cyprus and The Wharton School
PRACTICAL IMPLEMENTATION
11. Building and Running an Operational Loss Database
John Thirlwell of ORRF and BBA Global Operational Loss Database
12. Reputational Risk
Peter Schofield of American Express Corporate Audit
13. Corporate Reputation: Not Worth Risking
Knowledge@Wharton in association with Aon
14. Moody’s Analytical Framework for Operational Risk Management of Banks
Brendon Young of Moody’s Investors Service Limited
15. From Operational Risk to Operational Excellence
Barbara Döbeli of Swiss National Bank, Markus Leippold of University of Zurich and Paolo Vanini of University of Southern Switzerland and Zurich Cantonal Bank
16. The Legal and Regulatory View of Operational Risk
Dermot Turing of Clifford Chance LLP
