This book:*provides a sound methodology for operational risk control*focuses on management risk and ways to avoid it*explains why and how information technology is a major operational risk*shows how to integrate cost control in the operational risk perspective*details analytical approaches to operational risk control, to help with scorecard developments*explains the distinction between High Frequency Low Risk and Low Frequency High Risk events*provides many case studeies from banking and insurance to demonstrate the attention operational risks deserve*Assists risk professionals in preparing their institution to comply with the New Capital Adequacy Framework issued by the Basel Committee on Banking Supervision, which becomes mandatory from January 1, 2006*Readers benefit from a significantly broader viewpoint on types of operational risks, operational risks controls, and results to be expected from operational risk management - compared to what the reader may gain from books previously published on this same topic