Trying to measure and model reputational risk in the same way as other risks would be a serious mistake, delegates at the OpRisk Asia conference in Singapore heard today.
Participants in a panel discussion this afternoon warned that setting up a separate reputational risk management team would be a mistake. "Everyone is responsible for reputational risk. It's a second-order risk that arises from mismanagement of other risks, and it can occur in any part of the organisation. You don't need a sepa