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Bank Size, Consolidation and Operational Risk

  • Veronica De Crescenzo
  • Flavio Pichler
Chapter
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

With the accord entitled International Convergence of Capital Measurement and Capital Standards, issued by the Basel Committee on Banking Supervision in June 2006 (Basel II) and transposed into EU and member states legislation by Directives 2006/48/EC and 2006/49/EC, operational risk in the banking sector came to be defined and regulated for the first time. In particular, operational risk was no longer considered a residual risk with respect to credit and market risk, but was defined explicitly as the risk of ‘loss resulting from inadequate or failed internal processes, people and systems or from external events’.

Keywords

Total Asset Product Distribution Operational Risk Loss Event Operational Loss 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Veronica De Crescenzo and Flavio Pichler 2010

Authors and Affiliations

  • Veronica De Crescenzo
    • 1
  • Flavio Pichler
    • 1
  1. 1.Faculty of EconomicsUniversity of VeronaItaly

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