Measuring Operational Risk from Loss Data

This reading is a part of the syllabus for FRM Part 2 Exam in the section ‘Operational and Integrated Risk Management'

The reading discusses:

  • Introdution: the regulatory challenge
  • The nature of operational loss distributions
  • Data sufficiency
  • Extrapolating beyond the data
  • Loss distribution approach
  • Validating capital models
  • Summary

Data Science in Finance: 9-Book Bundle

Data Science in Finance Book Bundle

Master R and Python for financial data science with our comprehensive bundle of 9 ebooks.

What's Included:

  • Getting Started with R
  • R Programming for Data Science
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  • Financial Time Series Analysis with R
  • Quantitative Trading Strategies with R
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  • Credit Risk Modelling With R
  • Python for Data Science
  • Machine Learning in Finance using Python

Each book includes PDFs, explanations, instructions, data files, and R code for all examples.

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Data Science in Finance: 9-Book Bundle

Data Science in Finance Book Bundle

Master R and Python for financial data science with our comprehensive bundle of 9 ebooks.

What's Included:

  • Getting Started with R
  • R Programming for Data Science
  • Data Visualization with R
  • Financial Time Series Analysis with R
  • Quantitative Trading Strategies with R
  • Derivatives with R
  • Credit Risk Modelling With R
  • Python for Data Science
  • Machine Learning in Finance using Python

Each book comes with PDFs, detailed explanations, step-by-step instructions, data files, and complete downloadable R code for all examples.