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Practical methods for measuring and managing operational risk in the financial sector: a clinical study
This paper analyzes the implications of the advanced measurement approach (AMA) for the assessment of operational risk. Through a clinical case study on a matrix of two selected business lines and… Expand
No contagion, only globalization and flight to quality
In this article, tests for globalization and contagion are separated using an ex ante definition of crises, and contagion tests are neutralized with respect to globalization effects. A large database… Expand
Trends in Crypto-Currencies and Blockchain Technologies: A Monetary Theory and Regulation Perspective
The internet era has generated a requirement for low-cost, anonymous and rapidly verifiable transactions to be used for online barter, and fast settling money has emerged as a consequence. Expand
Basel II and Operational Risk: Implications for Risk Measurement and Management in the Financial Sector
This paper proposes a methodology to analyze the implications of the Advanced Measurement Approach (AMA) for the assessment of operational risk put forward by the Basel II Accord. The methodology… Expand
Shareholding Cascades: The Separation of Ownership and Control in Belgium
This paper analyses the control of Belgian listed companies. The analysis reveals that control of listed companies in Belgium is highly concentrated. Business groups, holding companies, and voting… Expand
Separation between Ownership and Control: Where Do We Stand?
- Ariane Chapelle
- 7 December 2004
Complex structure of ownership like cross-ownership, rings, and pyramids are common in Continental Europe, Eastern Europe, and in Asia. This paper aims at dissecting these complex features by a… Expand
Measuring and Managing Operational Risk in the Financial Sector: An Integrated Framework
This paper proposes a methodology to analyze the implications of the Advanced Measurement Approach (AMA) put forward by the Basel II Accord for the assessment of operational risk. We develop an… Expand
Should the Advanced Measurement Approach Be Replaced with the Standardized Measurement Approach for Operational Risk?
This paper discusses and studies the weaknesses and pitfalls of SMA such as instability, risk insensitivity, super-additivity and the implicit relationship between SMA capital model and systemic risk in the banking sector. Expand
Standardized Measurement Approach for Operational Risk: Pros and Cons
This response has been put together by academics and in total independence of any corporate or individual interests. Our results are solely driven by scientific analysis and presented in the interest… Expand
Controlling firms through the majority voting rule
Pyramids, cross-ownership, rings and other complex features inducing control tunnelling are frequent in the European and Asian industrial world. Based on the matrix methodology, this paper offers a… Expand