An Approach to Estimating Operational Risk in the Financial Industry
Analyzing operational risk in the financial industry, in this paper, we know that the risk is essentially ambiguous. The current approach to estimating it, based on probability and statistics, is frustrating in practice where the assumptions and data would not satisfy the conditions. We suggest a new approach to estimating the risk with uncertainties in phases, where the high uncertainty in a phase is to induce a high risk. The assumption for the new approach is that a company in the financial industry is able to control its action to avoid operational risk.
Operational risk Basel Committee financial industry probability uncertainty
Yundong Huang
School of Foreign Languages, Shanghai Jiao Tong University F0414102, Dongchuan Road 800, Shanghai 200240, China
国际会议
The 1st International Conference on Risk Analysis and Crisis Response(首届风险分析与危机反应国际学术研讨会)
上海
英文
411-416
2007-09-25（万方平台首次上网日期，不代表论文的发表时间）