Moody's assessment approach 'evolving', says new executive

The agency recently declined to renew the contract of Brendon Young, who had been a consultant in the operational risk area in Moody’s London office, and who is also the chairman of the Operational Risk Research Forum.

Young published a detailed evaluation framework for op risk in January this year, which received much attention from the industry. This framework was being used as a platform for Moody’s to perform op risk evaluations on firms, and the agency had performed six such evaluations by

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