Economics, Econometrics and Finance
4 years ago

New study reveals flaws in banking risk measurement, calls for change

IMF Working Paper
Consistent Quantitative Operational Risk Measurement and Regulation: Challenges of Model Specification, Data Collection, and Loss Reporting
Andreas Jobst

Paper Summary

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Operational risk in banking is a big deal, and it can cause serious problems. The rules for measuring and regulating this risk are important but can be tricky. The way data is collected, losses are reported, and models are specified can affect how well we estimate operational risk and set capital rules. By looking at these factors, we can improve how we measure and manage operational risk in the banking industry.