Award Winner: Academic paper

OPERATIONAL RISK ACHIEVEMENT AWARDS

The winner of this year's academic paper award faced stiff competition from academics with years of study under their belts, as well as European and North American regulators, and practitioners from financial services firms. But the prize went to a master's thesis this year – the judges were unanimous in their decision, citing the unusual and innovative nature of the work.

Quantifying Operational Risk within Banks according to Basel II, was written by Maurits Bakker, while studying for his m