Application of the Forgotten Effects Theory to the Qualitative Analysis of the Operational Risk Events

Martínez, AT; Gil-Lafuente, AM; Keropyan, A; MerigóLindahl, JM

Application of the Forgotten Effects Theory to the Qualitative Analysis of the Operational Risk Events

Martínez, AT Gil-Lafuente, AM Keropyan, A MerigóLindahl, JM

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Publisher:: Springer Nature
Publication Type:: Conference Proceeding
Citation:: 2022, 388, pp. 261-270
Issue Date:: 2022-01-27

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Field	Value	Language
dc.contributor.author	Martínez, AT
dc.contributor.author	Gil-Lafuente, AM
dc.contributor.author	Keropyan, A
dc.contributor.author	MerigóLindahl, JM
dc.date.accessioned	2023-04-18T03:19:17Z
dc.date.available	2023-04-18T03:19:17Z
dc.date.issued	2022-01-27
dc.identifier.citation	2022, 388, pp. 261-270
dc.identifier.isbn	9783030937867
dc.identifier.issn	2367-3370
dc.identifier.issn	2367-3389
dc.identifier.uri	http://hdl.handle.net/10453/169910
dc.description.abstract	The second agreement of the Committee on Banking Supervision (Basel II) represents a challenge for financial institutions, risk managers and researchers in terms of operational risk management, due to the complexity of developing effective systems to identify, measure, monitor, control and mitigate this risk. This requires performing a lost scenario analysis with expert judgment to decide the priority actions in order to manage properly the different events of loss associated to the operational risk, as well as taking measures derived from loss distributions. In this paper, we have used the forgotten effects theory, which allows us to determine the causal direct and indirect relationships between the causes and effects of the operational losses of a financial institution, throughout the opinions of a group of experts.
dc.language	en
dc.publisher	Springer Nature
dc.relation.ispartofseries	Lecture Notes in Networks and Systems
dc.relation.isbasedon	10.1007/978-3-030-93787-4_15
dc.rights	info:eu-repo/semantics/closedAccess
dc.title	Application of the Forgotten Effects Theory to the Qualitative Analysis of the Operational Risk Events
dc.type	Conference Proceeding
utslib.citation.volume	388
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Computer Science
utslib.copyright.status	closed_access	*
dc.date.updated	2023-04-18T03:19:14Z
pubs.publication-status	Published
pubs.volume	388

Abstract:

The second agreement of the Committee on Banking Supervision (Basel II) represents a challenge for financial institutions, risk managers and researchers in terms of operational risk management, due to the complexity of developing effective systems to identify, measure, monitor, control and mitigate this risk. This requires performing a lost scenario analysis with expert judgment to decide the priority actions in order to manage properly the different events of loss associated to the operational risk, as well as taking measures derived from loss distributions. In this paper, we have used the forgotten effects theory, which allows us to determine the causal direct and indirect relationships between the causes and effects of the operational losses of a financial institution, throughout the opinions of a group of experts.

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http://hdl.handle.net/10453/169910