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Operational Risk: A Survey
Author(s) -
Moosa Imad A.
Publication year - 2007
Publication title -
financial markets, institutions and instruments
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 23
eISSN - 1468-0416
pISSN - 0963-8008
DOI - 10.1111/j.1468-0416.2007.00123.x
Subject(s) - operational risk , risk management , subject (documents) , culprit , operational risk management , risk analysis (engineering) , business , computer science , psychology , finance , library science , psychiatry , myocardial infarction
Operational risk has, in a relatively short period of time, risen from non‐recognition to prominence as the culprit for spectacular corporate collapses. This paper surveys the mushrooming literature on the subject, covering the definition, classification, characteristics, modeling and management of operational risk. It is concluded that operational risk is a controversial topic that will generate a significant amount of research in the years to come.