Abstract
In this Chapter an overview of the operational risk is provided. Operational risk is the most popular topic among the finance and banking professionals. It generally results from the loss arising from inadequate or failed processes, people or systems or from external events. It has also attracted the attention of academic research community. This Chapter contains the basic fundamental ideas of operational risk as stipulated through the Basel regulatory framework. The Chapter forms the basic building block for the entire research monograph. The operational risk data can be either internal or external in nature which is often used in the quantification of operational risk.
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Chaudhuri, A., Ghosh, S.K. (2016). Operational Risk. In: Quantitative Modeling of Operational Risk in Finance and Banking Using Possibility Theory. Studies in Fuzziness and Soft Computing, vol 331. Springer, Cham. https://doi.org/10.1007/978-3-319-26039-6_2
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DOI: https://doi.org/10.1007/978-3-319-26039-6_2
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