Developments in IT and e-commerce, large-scale mergers and acquisitions, andincreased outsourcing all suggest that operational risk exposures are substantialand growing. In recent years, bankers and financial professions have recognizedthe crucial and growing importance of operational risk management, and thefield is currently undergoing a surge of innovation and development. In thisauthoritative, up-to-date book, Operational Risk, leading operational riskmanagement expert Carol Alexander brings together contributions from theworld's leading experts to identify today's best practices for measuring andmanaging operational risks, and assessing them in the broader context of allrisk.

About the Author

Carol Alexander is Professor of Finance and Chair of Risk Management at the ISMA Centre, University of Reading. She is formerly Director and Head of Market Risk Modelling for Nikko Global Holdings, and Academic Director of Algorithmics Inc. She has published numerous papers in international journals and her editorial experience includes 12 books on mathematics and finance. She has designed many models for both risk management and investment analysis in both consulting and research.

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