Intrinsic Value's short working papaers in that area refresh the readers' knowledge of two areas of increasing importance for many firms —operational risk managementand integrated risk management. This includes coverage of the tools and techniques necessary to measure, manage, and mitigate operational risk, estimation of economic capital needs, and risk-based capital allocation. Knowledge of critical issues related to liquidity riskmanagement, model risk, the back-testing of Value-at-Risk models, stress testing and key Basel regulations (one of the major international regulatory frameworks relevant to risk managers today) are also covered.