Quantification of Operational Risk under Basel II: The Good, Bad and Ugly

by Imad A. Moosa

The book presents arguments that are critical of the Basel II Accord, particularly the advanced measurement approach to operational risk. It is argued that the advanced measurement approach is not viable in terms of costs and benefits and is likely to distract financial institutions from the real task of managing operational risk.

287 pages, Hardcover

First published October 31, 2008

Reviews

[Yousseif Abdellatif · Rating 4 out of 5]

Imad A. Moosa in Quantification of Operational Risk under Basel II: The Good, Bad and Ugly pushes the idea that we're all quietly exhausted from having an opinion on everything. I felt like it was solid, because the examples are small and relatable, like getting dragged into a group chat argument about something you didn't care about five minutes ago. The chapter on news alerts got me thinking about how many times a day I let a stranger's bad day become mine. You don't have to agree with everything, but it definitely forces you to rethink what's actually worth your energy.

[Yousseif Abdellatif · Rating 3 out of 5]

Imad A. Moosa doesn't offer generic inspirational platitudes in Quantification of Operational Risk under Basel II—just a cold, clear map of how power consolidation actually works in the real world.