Condamin, Laurent

Operational Risk Modeling in Financial Services: The Exposure, Occurrence, Impact Method

Condamin, Laurent - Operational Risk Modeling in Financial Services: The Exposure, Occurrence, Impact Method, ebook


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Transform your approach to oprisk modelling with a proven, non-statistical methodology

Operational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade’s use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks.

The Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent approach designed to bridge the gap between risk quantification and risk management. This book details the XOI framework and provides essential guidance for practitioners looking to change the oprisk modelling paradigm.

  • Survey the range of current practices in operational risk analysis and modelling
  • Track recent regulatory trends including capital modelling, stress testing and more
  • Understand the XOI oprisk modelling method, and transition away from statistical approaches
  • Apply XOI to major operational risks, such as disasters, fraud, conduct, legal and cyber risk

The financial services industry is in dire need of a new standard — a proven, transformational approach to operational risk that eliminates or mitigates the common issues with traditional approaches. Operational Risk Modeling in Financial Services provides practical, real-world guidance toward a more reliable methodology, shifting the conversation toward the future with a new kind of oprisk modelling.


risk modelling; operational risk modelling; oprisk modelling; non-statistical oprisk modelling; XOI modelling; XOI approach; XOI methodology; oprisk modelling methods; oprisk modelling methodologies; risk modelling approaches; capital assessment; risk quantification; risk management; capital modelling; stress testing; operational risks; modelling legal risk; modelling disaster risk; modelling cyber risk; fraud risk assessment; risk analysis; regulatory trends and risk; new risk modelling; current risk modelling; risk modelling best practices; Operational Risk Modeling in Financial Services: The Exposure, Occurrence, Impact Method; Patrick Naim; Laurent Condamin 

, Business & Finance, Business & Finance
John Wiley and Sons, Inc.
Publication year
Wiley Finance
Page amount
320 pages
Printed ISBN

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