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| | | Article Name : | | | Measuring Operational Risk through Value at Risk
Models (VaR) in Albanian Banking System | | Author Name : | | | PETER SARAÇI, SUZANA KOKICI2, ELIDIANA BASHI3 | | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | The main methodology adopted by financial institutions to
calculate the risk associated with a financial asset is those of Value at
Risk. Correct application of this methodology allows these institutions
to understand financial risk attached to contracts that they sign.
The main methodology adopted by financial institutions to
calculate the risk associated with a financial asset is those of Value at
Risk. Correct application of this methodology allows these institutions
to understand the risk-bearing financial contracts that they sign. The objective of this study is assessment of the operational risk
of a bank being set in this way the amount that should be set aside to
deal with the risk. By combining these two functions can estimate the
probability distribution function of accumulated losses and calculate
Value at Risk (VaR) with a confidence level of 99.9%. | | Keywords : | | | Value at Risk, Operational Risk |
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