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    • Bank Capital for Operational Risk: A Tale of Fragility and Instability 

      Ames, Mark; Schuermann, Til; Scott, Hal Stewart (Harvard John M. Olin Center for Law, Economics, and Business, 2014)
      Operational risk is fundamentally different from all other risks taken on by a bank. It is embedded in every activity and product of an institution, and in contrast to the conventional financial risks (e.g. market, credit) ...