About the Editor.

Acknowledgments.

About the Contributors.

PART ONE: Operational Risk Measurement: Qualitative Approaches.

CHAPTER 1: Modeling Operational Risk Based on Multiple Experts’ Opinions (Jean-Philippe Peters and Georges Hübner).

CHAPTER 2: Consistent Quantitative Operational Risk Measurement (Andreas A. Jobst).

CHAPTER 3: Operational Risk Based on Complementary Loss Evaluations (Andrea Giacomelli and Loriana Pelizzon).

CHAPTER 4: Can Operational Risk Models Deal with Unprecedented Large Banking Losses? (Duc Pham-Hi).

CHAPTER 5: Identifying and Mitigating Perceived Risks in the Bank Service Chain: A New Formalization Effort to Address the Intangible and Heterogeneous Natures of Knowledge-Based Services (Magali Dubosson and Emmanuel Fragnière).

CHAPTER 6: Operational Risk and Stock Market Returns: Evidence from Turkey (M. Nihat Solakoğlu and K. Ahmet Köse).

PART TWO: Operational Risk Measurement: Quantitative Approaches.

CHAPTER 7: Integrating Op Risk into Total VaR (Niklas Wagner and Thomas Wenger).

CHAPTER 8: Importance Sampling Techniques for Large Quantile Estimation in the Advanced Measurement Approach (Marco Bee and Giuseppe Espa).

CHAPTER 9: One-Sided Cross-Validation for Density Estimation with an Application to Operational Risk (María Dolores Martínez Miranda, Jens Perch Nielsen, and Stefan A. Sperlich).

CHAPTER 10: Multivariate Models for Operational Risk: A Copula Approach Using Extreme Value Theory and Poisson Shock Models (Omar Rachedi and Dean Fantazzini).

CHAPTER 11: First-Order Approximations to Operational Risk: Dependence and Consequences (Klaus Böcker and Claudia Klüppelberg).

PART THREE: Operational Risk Management and Mitigation.

CHAPTER 12: Integrating "Management" into "OpRisk Management" (Wilhelm K. Kross).

CHAPTER 13: Operational Risk Management: An Emergent Industry (Kimberly D. Krawiec).

CHAPTER 14: OpRisk Insurance as a Net Value Generator (Wilhelm K. Kross and Werner Gleissner).

CHAPTER 15: Operational Risk Versus Capital Requirements under New Italian Banking Capital Regulation: Are Small Banks Penalized? (Simona Cosma, Giampaolo Gabbi, and Gianfausto Salvadori).

CHAPTER 16: Simple Measures for Operational Risk Reduction? An Assessment of Implications and Drawbacks (Silke N. Brandts and Nicole Branger).

PART FOUR: Issues in Operational Risk Regulation and the Fund Industry.

CHAPTER 17: Toward an Economic and Regulatory Benchmarking Indicator for Banking Systems (John L. Simpson, John Evans, and Jennifer Westaway).

CHAPTER 18: Operational Risk Disclosure in Financial Services Firms (Guy Ford, Maike Sundmacher, Nigel Finch, and Tyrone M. Carlin).

CHAPTER 19: Operational Risks in Payment and Securities Settlement Systems: A Challenge for Operators and Regulators (Daniela Russo and Pietro Stecconi).

CHAPTER 20: Actual and Potential Use of Unregulated Financial Institutions for Transnational Crime (Carolyn Vernita Currie).

CHAPTER 21: Case Studies in Hedge Fund Operational Risks: From Amaranth to Wood River (Keith H. Black).

CHAPTER 22: A Risk of Ruin Approach for Evaluating Commodity Trading Advisors (Greg N. Gregoriou and Fabrice Douglas Rouah).

CHAPTER 23: Identifying and Mitigating Valuation Risk in Hedge Fund Investments (Meredith A. Jones).

Index.