Publication |
2010
Abstract
Blaha's paper is organized as follows: it starts with discussion pertaining to various methods that are used to compute Value-at-Risk and in the second chapter it provides some stylized evidence of estimating VAR and methodologies used in the process. In chapter 3 it describes some pitfalls and potential disasters when dealing with financial derivatives in risk management functions.
The following chapter describes the basics of operational risk and provides insights and notes on operational risk management. Finally, the article closes with a brief discussion of the findings and highlights some important issues in risk management field generally.