Skip to Main Content
Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
The challenge of terrorism and insurer of last resort 307
14.6 Governments as insurers of last resort: a precedent with
deposit insurance
A critical message the preceding sections conveyed is the urgent need to improve risk
management in order to solve the uninsurability problem. A methodological way to
do so is to understand the frequency, severity, and exposure to potential claims, secure
adequate financial staying power, and price insurance coverage in a factual and
documented way. Hard work, not miracles, should be the means of finding valid
solutions to insurability.
In parallel to this, insurance and reinsurance companies should create a better ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Operational Risk: A Guide to Basel II Capital Requirements, Models, and Analysis

Operational Risk: A Guide to Basel II Capital Requirements, Models, and Analysis

ANNA S. CHERNOBAI, SVETLOZAR T. RACHEV, FRANK J. FABOZZI
Proactive Risk Management

Proactive Risk Management

Preston G. Smith, Guy M. Merritt

Publisher Resources

ISBN: 9780750659093