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| Level | Credits | Term | Type |
|---|---|---|---|
| 6 or 7 | 15 | 2 | Departmental |
Module description
This module aims to develop a practical understanding of operational risk modelling in both the banking and insurance sectors under the Basel II/III and Solvency II regulatory frameworks.
Further details are available in the STAT0020 UCL Module Catalogue entry.
Standard prerequisites
ECON0019, MATH0057 or SESS0023
Registration process
Undergraduates
STAT0020 is offered as an elective. Prospective elective students who have taken one of the standard prerequisites should simply register for STAT0020 on Portico and await a decision. Prospective elective students who do not satisfy the standard prerequisiters must additionally consult a member of staff in the Department of Statistical Science.
Postgraduates
STAT0020 is specified as a formal option within the following postgraduate programmes:
- MSc Financial Mathematics;
- MSc Financial Risk Management.
Students from these programmes should simply register for STAT0020 on Portico and await a decision. It is not necessary to register separately with a member of staff in the Department of Statistical Science (successful admission to the programme already demonstrates that the prerequisites can be met).
STAT0020 is also offered as an elective. All potential elective students must consult a member of staff in the Department of Statistical Science, who will confirm whether they have the necessary prerequisites.
Other considerations
Besides the required module in introductory probability and statistics, it is preferable for a student to have some basic experience in either Matlab, Python or R.