Operational risk modeling and measurement

Dutta, K.

risk model framework

The OpRisk Lighthouse Model includes integrated parameters based on external loss data. Lambrigger, D. Halliday, S. A licensing quote is available upon request.

Peters, G. Therefore, IT Risk management efforts need to be seen from the perspective of operational continuity.

Operational risk examples

Salmela, H. Dutta, K. We establish the correlation between the IT resources and business processes to make sure risk management of IT and business can work synergistically. Automated Advanced Operational Risk Model The OpRisk Lighthouse Model is an automated solution which provides methodology, structure and integrated parameters to model operational risk using the advanced measurement approach consistent with the Basel Committee on Banking Supervision guidelines. References 1. Basel Committee on Banking Supervision. Additionally, the use of the AMA often results in capital savings under the Basel framework. Peters, G. Therefore, IT Risk management efforts need to be seen from the perspective of operational continuity. More sophisticated and advanced risk management sends a clear message of a sound risk management culture to shareholders, clients, rating agencies and the market. Preview Unable to display preview.

References 1. Dimakos, X. Download preview PDF. The model has been validated by independent model validation firms for several subscribing banks. Muehlen, M. It adopts quantitative measurement method, based on the internal business loss data about IT events, and uses Monte Carlo simulation to predict the potential losses.

operational risk methodology

Bai, X.

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IT Operational Risk Measurement Model Based on Internal Loss Data of Banks