Measuring and Managing Operational Risk

1. Front Matter

   Pages i-xx

   PDF

2. Introduction to the Work and Operational Risk

   • Paola Leone, Pasqualina Porretta

   Pages 1-23

3. Operational Risk Management: Regulatory Framework and Operational Impact

   • Paola Leone, Pasqualina Porretta

   Pages 25-93

4. Operational Risk Measurement: A Literature Review

   • Francesco Giannone

   Pages 95-143

5. Integrated Risk Measurement Approach: A Case Study

   • Vitantonio Matarazzo, Mario Vellella

   Pages 145-181

6. Almost Concluding Thoughts Between a Comparative Analysis and a Sensitivity Analysis: Look Over the Regulatory View

   • Paola Leone, Vitantonio Matarazzo, Pasqualina Porretta, Mario Vellella

   Pages 183-205

7. Erratum to: Measuring and Managing Operational Risk

   • Paola Leone, Pasqualina Porretta, Mario Vellella

   Pages E1-E1

8. Back Matter

   Pages 207-211

   PDF

This book covers Operational Risk Management (ORM), in the current context, and its new role in the risk management field. The concept of operational risk is subject to a wide discussion also in the field of ORM’s literature, which has increased throughout the years. By analyzing different methodologies that try to integrate qualitative and quantitative data or different measurement approaches, the authors explore the methodological framework, the assumptions, statistical tool, and the main results of an operational risk model projected by intermediaries. A guide for academics and students, the book also discusses the avenue of mitigation acts, suggested by the main results of the methodologies applied. The book will appeal to students, academics, and financial supervisory and regulatory authorities.

• operational risk management
• Basel committee
• operational risk model
• ORM
• risk management
• risk factor
• integrated risk measurement

• Sapienza University of Rome, Rome, Italy

  Paola Leone, Pasqualina Porretta

• Poste Italiane, BancoPosta, Rome, Italy

  Mario Vellella

Paola Leone is Professor of Banking and Finance at the Sapienza University of Rome, Italy, where she teaches Risk Management. Her main research interests are banking, capital markets, risk management, mutual guarantee institutions, Bank Recovery and Resolution Directive (BRRD).

Pasqualina Porretta is Associate Professor in Banking and Finance at Sapienza University of Rome, Italy, where she teaches Risk Management in bank and insurance and derivatives. Her main research interests are risk measurement and management, capital regulatory framework, financial derivatives, credit guarantee institutions and microcredit.

Mario Vellella is a Risk Manager with more than 10 years’ distinguished experience in operational risk management within Poste Italiane, BancoPosta, Rome, Italy.  His specific research interest areas are enterprise risk Management, process analysis, risk mitigation, risk mapping and evaluation for firm operating in different sectors (financial or non-financial sectors).

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