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 science of insurance and the notion of technical risk 223
These events are not without precedence, all the way to failure of insurance
companies. First Executive and First Capital Holdings failed in 1991 because of large
concentrations of poorly performing junk bonds. Also in 1991, disastrous real estate
investments triggered the insolvencies of Monarch Life and Mutual Benefit Life.
The insurance industry’s regulators, too, must bear part of the blame. During the
investigations into the failure of HIH Insurance, Australia’s biggest-ever corporate
collapse, it emerged that the group’s liquidator had filed a A$5.6 billion ($3 billion)
negligence suit ...
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