Taking into account the standards of the Basel Accord, Operational Risk Modelling and Management presents a simulation model for generating the loss distribution of operational risk. It also examines a multitude of management issues that must be considered when adjusting the quantitative results of a comprehensive model. The book emphasizes techniques that can be understood and applied by practitioners. In the quantitative portions of the text, the author supplies key concepts and definitions without stating theorems or delving into mathematical proofs. He also offers references for readers looking for further background information. In addition, the book includes a Monte Carlo simulation of risk capital in the form of a run-through example of risk calculations based on data from a quantitative impact study. Since the computations are too complicated for a scripting language, a prototypical software program can be downloaded from www.garrulus.com Helping you navigate the tricky world of risk calculation and management, this book presents two main building blocks for determining how much capital needs to be reserved for operational risk. It employs the loss distribution approach as a model for calculating the risk capital figure and explains risk mitigation through management and management's actuations.

Taking into account the standards of the Basel Accord, Operational Risk Modelling and Management presents a simulation model for generating the loss distribution of operational risk. It also examines a multitude of management issues that must be considered when adjusting the quantitative results of a comprehensive model. The book emphasizes techniques that can be understood and applied by practitioners. In the quantitative portions of the text, the author supplies key concepts and definitions without stating theorems or delving into mathematical proofs. He also offers references for readers looking for further background information. In addition, the book includes a Monte Carlo simulation of risk capital in the form of a run-through example of risk calculations based on data from a quantitative impact study. Since the computations are too complicated for a scripting language, a prototypical software program can be downloaded from www.garrulus.com Helping you navigate the tricky world of risk calculation and management, this book presents two main building blocks for determining how much capital needs to be reserved for operational risk. It employs the loss distribution approach as a model for calculating the risk capital figure and explains risk mitigation through management and management's actuations.

​Diese erweiterte 2. Auflage richtet sich an die regelmäßigen Benutzer von IT, also Berufstätige sowie Schüler, Studierende und Lehrer. Das Buch beschreibt das relevante Universum der Informatik und der Informationstechnologie, von den grundlegenden Prinzipien bis zur sozialen und gesellschaftspolitischen Bedeutung.Neu und erweitert sind u. a. Themen zu virtuellen Welten, zum Metaversum, zu digitalen Zwillingen sowie zu Aspekten von Verwaltung und Digitalisierung. Anhand zahlreicher Beispiele sowie Illustrationen und Grafiken wird die relevante IT-Umgebung der modernen Nichtfachperson dargestellt. Büroapplikationen, soziale Medien, Spiele und Hardwaretrends sowie die verwendeten Devices werden erklärt und in Zusammenhang gebracht.In einem Kapitel werden die ersten Grundlagen zur Programmierung der sehr populären Blocksprache Scratch gelegt. Zu jedem Kapitel werden zehn Fragen zum Inhalt gestellt, um dem Leser oder der Leserin eine Stütze zum gelesenen Inhalt zu geben und die Kompetenzen zu erweitern. Der Inhalt Ganz kurze Geschichte der IT Alles ist Zahl Computer als Hardware Betriebssystem und Benutzeroberfläche Netzwerke Datenorganisation IT-Entwicklung IT-Organisation Programmierung Applikationen Cloud-Computing Sicherheit Information und Medien Künstliche Intelligenz Virtuelle Welten IT, Digitalisierung und Gesellschaft

Pricing of export credit is a challenge in the globalised world trade. Annual premia represent billions of euros or dollars and may determine competition. This book develops a rigorous new framework for pricing export credit products, e.g. buyer and supplier credit insurance and performance and working capital guarantees , based on well-known financial and actuarial theories. It introduces the products, the theories and the different data sources in order to apply the mathematical and financial ideas, e.g. discounting, risk-neutral valuation and Merton type defaults. It shows the differences of historical experience and implicit market pricing assumptions. The well-known OECD Arrangement is used as a benchmark for some part of the framework. Short code snippets in R are given in order to re-perform the results and have a basis to try own ideas. Many unprecedented exhibits give new insights into the subject matter. The book is targeted at practitioners and actuaries in the field with a good quantitative background.

Pricing of export credit is a challenge in the globalised world trade. Annual premia represent billions of euros or dollars and may determine competition. This book develops a rigorous new framework for pricing export credit products, e.g. buyer and supplier credit insurance and performance and working capital guarantees , based on well-known financial and actuarial theories. It introduces the products, the theories and the different data sources in order to apply the mathematical and financial ideas, e.g. discounting, risk-neutral valuation and Merton type defaults. It shows the differences of historical experience and implicit market pricing assumptions. The well-known OECD Arrangement is used as a benchmark for some part of the framework. Short code snippets in R are given in order to re-perform the results and have a basis to try own ideas. Many unprecedented exhibits give new insights into the subject matter. The book is targeted at practitioners and actuaries in the field with a good quantitative background.