Riesgo operacional en los sistemas de pagos -Metodología VaR-

Operational risk of an entity is difficult to measure. If it is asociated to a payment system, even more. However, the estimation is useful as a support tool for decision making in the supervision of payment systems. In this article we develop a methodology for estimating operational risk in payment systems, identifying potential events and consequent costs. We analyze VaR concept, applying it in a simplified example about two uruguaian cases. As a result,various tools are proposed for overseers and regulators. This is relevant, as it addresses a topic of early development