Released on: September 6, 2007, 11:50 pm

Press Release Author: Bharat Book Bureau

Industry: Financial

Press Release Summary: Advanced Measurement Approach to Operational Risk firmly
focuses on practical solutions to modelling issues.Helps you set up a strong
programme with quantification in mind,

Press Release Body: Bharat Book Bureau, a leading market information distributor has
tabled a report Advanced Measurement Approach to Operational Risk
http://www.bharatbook.com/detail.asp?id=9599

Advanced Measurement Approach to Operational Risk firmly focuses on practical
solutions to modelling issues.Helps you set up a strong programme with
quantification in mind, providing good quality information for modelling, in order
to deliver the numbers you need for regulatory approval, and deliver value to your
business lines.Advanced Measurement Approach to Operational Risk Presents many
complex topics in a highly accessible manner.
Summary
Advanced Measurement Approach to Operational Risk Five comprehensive sections
succinctly guide you through the following key topics:
. The AMA framework: Outlines a general approach to constructing an advanced
measurement approach framework within your firm - the basis upon which any op risk
model is built. It provides essential do's and don'ts as well as step-by step
guidance on how best to achieve the goals of your op risk programme. It covers such
crucial areas as data selection, granularity, correlation, and diversification.
. Modelling basics: Gets you fluent in the fundamentals of operational risk
modelling with discussion of general concepts and an analysis of the main
mathematical models regularly used to analyse loss data.
. Modelling challenges: Shows you how models can be adjusted to overcome limitations
in the underlying data. It includes practical guidance on loss data capture, the
effect of data gaps on parameter estimates, expected and unexpected loss
calculations and the use of extreme value theory to help mitigate some of the data
problems associated with operational risk modelling. Crucially these complex topics
are presented in an accessible manner, with plenty of thorough explanation to help
you digest and implement the content.
. Alternative modelling approaches: This section gives you a general framework for
thinking about qualitative elements and their role in modelling - including scenario
analysis, key risk indicators, and how to overcome the challenges in the modelling
of less tangible risks, such as technology risk.
. Comparative views of implementation: To help you gain a broader understanding of
how your colleagues around the world are implementing their op risk solutions - the
final section contains an overview of an op risk framework at a US bank, plus
implementation studies from Spain and Germany. The German study unveils the results
of a major industry survey, outlining "real world" practices in financial services
firms, including the strengths and shortcomings of firms' approaches to solving key
op risk challenges.

For more information kindly visit : http://www.bharatbook.com/detail.asp?id=9599

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