Modeling, Measuring and Hedging Operational Risk

The interest in operational risk has evolved exponentially in the last few years. Up until the Barings Bank collapse in 1995, the term had never been used. Dr Marcelo Cruz is one of the first people to attempt to explain clearly and technically the patterns of this new risk. He has been lecturing on operational risk since 1997 and wrote one of the first academic articles on it, in 1998. Written in a clear and accessible manner, Modeling, Measuring and Hedging Operational Risk is essential reading for all those concerned with this evolving area of risk.