Quantification of Operational Risk under Basel II: The Good, Bad and Ugly (Finance and Capital Markets Series)

Moosa, I.

ISBN 10: 0230222668 / ISBN 13: 9780230222663

Published by Palgrave Macmillan, 2008

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Bibliographic Details

• Title: Quantification of Operational Risk under Basel II: The Good, Bad and Ugly (Finance and Capital Markets Series)
• Publisher: Palgrave Macmillan
• Publication Date: 2008
• Language: English
• ISBN 10: 0230222668
• ISBN 13: 9780230222663
• Binding: Hardcover
• Condition: Like New
• Book Type: book

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Synopsis

The book presents arguments that are critical of the Basel II Accord, particularly the advanced measurement approach to operational risk. It is argued that the advanced measurement approach is not viable in terms of costs and benefits and is likely to distract financial institutions from the real task of managing operational risk.

About the Author

IMAD MOOSA is currently Professor of Finance at Monash University, Australia. Prior to becoming an academic he was a professional economist and a financial journalist and he also worked as an economist at the IMF. Professor Moosa has published 9 books and over 150 papers in international journals. He has served in a number of advisory positions, including his role as an economic advisor to the U.S. Treasury.