Redirigiendo al acceso original de articulo en 24 segundos...
ARTÍCULO
TITULO

The Bayesian Approach to Capital Allocation at Operational Risk: A Combination of Statistical Data and Expert Opinion

Mohamed Habachi and Saâd Benbachir    

Resumen

Operational risk management remains a major concern for financial institutions. Indeed, institutions are bound to manage their own funds to hedge this risk. In this paper, we propose an approach to allocate one?s own funds based on a combination of historical data and expert opinion using the loss distribution approach (LDA) and Bayesian logic. The results show that internal models are of great importance in the process of allocating one?s own funds, and the use of the Delphi method for modelling expert opinion is very useful in ensuring the reliability of estimates.

 Artículos similares

       
 
Zul - Amry     Pág. 96 - 102
This paper presents a Bayesian approach to find the Bayesian model for the point forecast of ARMA model under normal-gamma prior assumption with quadratic loss function in the form of mathematical expression. The conditional posterior predictive density ... ver más

 
Kemisola Christianah Osundina,Sheriffdeen A. Tella,Bolaji A. Adesoye     Pág. 313 - 321

 
Natraj Raman and Jochen L. Leidner    
Price evaluations of municipal bonds have traditionally been performed by human experts based on their market knowledge and trading experience. Automated evaluation is an attractive alternative providing the advantage of an objective estimation that is t... ver más

 
Tareq Sadeq and Michel Lubrano    
s-
Revista: Econometrics

 
Jonathan Fletcher    
This study uses the Bayesian approach to examine the incremental contribution of stock characteristics to the investment opportunity set in U.K. stock returns. The paper finds that size, book-to-market (BM) ratio, and momentum characteristics all make a ... ver más