As a consequence of the Basel II Accord banks have to quantify their operational risk. Under the most sophisticated quantification approac. A widespread method is the Loss Distribution Approach, which calculates risk measures using statistical methods and a database of historical loss events. Since IT risks are a subcategory of operational risks, the Loss Distribution Approach is, under certain conditions, applicable to IT risks.
Details
- Publication Date
- Sep 30, 2011
- Language
- German
- Category
- Computers & Technology
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Peter Dely
Specifications
- Format