Operational Risk and its Impacts on Financial Stability

Vera Mazankova and Michal Nemec

Chapter Thematic Article 4 in CNB Financial Stability Report 2007, 2008, pp 94-104 from Czech National Bank, Research and Statistics Department

Abstract: This article illustrates the nature and significance of operational risk with regard to financial stability, using specific examples of major operational risk events in the Czech Republic and in other countries, and identifies the impacts of the newly introduced capital regulation of operational risk. It looks in detail at the incipient practice of risksensitive operational risk measurement using methods based on financial institutions' internal models. We also explore the issue of calculating the mandatory capital coverage for unexpected operational risk losses using group-wide models.

Date: 2008
ISBN: 978-80-87225-03-5
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Persistent link: https://EconPapers.repec.org/RePEc:cnb:ocpubc:fsr07/4

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