Fully operational

Modeling, measuring and hedging operational risk by Marcelo Cruz Wiley Finance 330 pages, £49.39 ISBN 0-471-51560-4

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This book’s methodical dissection of the emerging science of operational risk from a mathematical perspective provides a comprehensive overview of the functional challenges facing the op risk practitioner and executive management alike. It also offers a complete reference for those with a quantitative bent. If there is one criticism, it is based on my disagreement with Cruz’s comment in the overview of an intention to “... allow even the operational risk manager who does not have a

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