New op risk papers
LONDON – A raft of new technical papers on operational risk have been made available on the web over the past few months. A few of the most interesting are summarised below:
• Measuring operational risk in financial institutions: contribution of credit risk modeling, by Georges Hubner, University of Liège, HEC Business School; Jean-Philippe Peters, Deloitte Luxembourg; and Severine Plunus, University of Liege – Department of Financial Management.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=687683
According to the authors, the lack of loss data for op risk measurement at many firms is not an insurmountable obstacle. The paper explores the possibility
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