Abstract The severity and frequency of operational loss events show high variability across the globe. In this paper, we first examine extent to which quality country-level governance measured by Worldwide Governance Indicators explains cross-country variation losses. We use comprehensive database SAS OpRisk Global for period 2008–2019 covering 132 countries 8,144 with a total amount almost 490...

Operational risk assessment is a stochastic approach to quantify the operational security of power systems. In this study, interrelation between severity factor and risk, two important parameters in assessment, analyzed. Four different definitions factor, based on results from network studies, are proposed applied, resulting values for indices. The behavior these indices analyzed under varying ...

The New Basel Capital Accord (Basel II) will include operational risk to the calculation of necessary regulatory capital in financial institutions after year-end 2006. Most of the banks have already developed sophisticated risk management frameworks helping to quantify and manage operational risk. Information security has direct impact on operational risk, but risk managers consider Information...