15 résultats
pour « operational risk »
The article explores the importance of critical infrastructure (CI) and essential services (ES) for population security and business continuity. It examines the challenges posed by the interdependence of CI and ES, which complicates threat identification and risk management. The study identifies new research directions on operational risk management, public security, and resilience in critical supply networks.
“We lay a theoretical foundation for the choice of an exponential–Pareto combined distribution to model the severity of the operational risk. We derive, on a theoretical basis, the functional form of the operational risk severity distribution. The resulting loss severity distribution, in theory, is consistent with the parametric distribution that previous empirical works suggest is the best fit for loss data.”
“Gaps in the data available for assessing cyber risk have limited the development of metrics that would help the public and private sectors prevent and recover from cyberattacks and reduce systemic risk. Cyber incident disclosure rules, introduced to close the data gaps, help but fall short in supporting the effective management of cyber risk. This article examines current and proposed reporting requirements, especially in the financial sector, where they are the most advanced.”
“This study presents a structured workflow applying text analysis to operational risk event descriptions. It identifies managerial clusters causing risks, enhancing traditional quantitative methods, and improving risk mitigation based on historical loss events.”
“The study demonstrates the capability of certain public sector banks to bear operational risk on a particular level of regulatory capital. The ability of a bank to be successful under unfavorable conditions is related to its operational risk, regulatory capital and management processes.”