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13 - Operational Risk

Published online by Cambridge University Press:  02 March 2023

David Lynch
Affiliation:
Federal Reserve Board of Governors
Iftekhar Hasan
Affiliation:
Fordham University Graduate Schools of Business
Akhtar Siddique
Affiliation:
Office of the Comptroller of the Currency
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Summary

This chapter provides an overview of operational risk modeling techniques used by industry participants and regulators in the USA, recommendations for how modeling techniques can be improved, and a summary of the model risk tools necessary for any operational risk modeling framework.

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Publisher: Cambridge University Press
Print publication year: 2023

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