Schedule THURSDAY 5: 12:00 Registration and welcome lunch 13:00 - 14:30, room B051  Quantitative Modelling  of Operational Risk 1 (P. Embrechts) Introduction, Insurance Analytics, Extreme Value Theory (EVT) Coffee break 15:00 - 16:30, room B051 Credit Derivatives and Dynamic Credit Risk 1 (R. Frey) Products, modelling  the default of a single firm Coffee break 17:00 - 17:45, room B051 Quantitative Modelling of Operational Risk 2 (P. Embrechts) EVT (continued), dependence modelling (including copulas) 18:00 - 19:00, room B051 Special Talk: Application of statistical methods in risk management (G. Stahl) FRIDAY 6: 9:00 - 10:30, room B051  Credit Derivatives and Dynamic Credit Risk 2 (R. Frey)   Credit portfolio models, in particular factor copula models, introduction to pricing CDOs Coffee break 11:00- 12:30, room B051 Quantitative Modelling of Operational Risk 3 (P. Embrechts)   Advanced measurement approach (AMA) for operational risk: critical assessment Lunch 14.30 -16:00, room B051 Credit Derivatives and Dynamic Credit Risk 3 (R. Frey)   Pricing and hedging of CDOs ctd; advanced issues (alternatives to factor copula models) Coffee break 16.30 - 18:00, room B051 Quantitative Modelling of Operational Risk 3 (P. Embrechts) Risk Aggregation: Lessons learnt from Basel II