Abstract
The heterogeneity of operational risk makes it necessary to come up with a system for classifying it and identifying its components. Hubner, Laycock, and Peemoller (2003) argue that one important advance in the rapidly improving understanding of operational risk is that the disaggregation and classification of operational risk is being put on a more rational footing. All efforts to define, analyze, and interpret operational risk are based on endeavors to come up with collections of risk types and the losses associated with these risks. Disaggregation involves separating out the different components of a risk cluster into categories.
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© 2007 Imad A. Moosa
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Moosa, I.A. (2007). The Taxonomy of Operational Risk. In: Operational Risk Management. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230591486_5
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DOI: https://doi.org/10.1057/9780230591486_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-35295-1
Online ISBN: 978-0-230-59148-6
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