American bankers association (aba)
Latest data on op risk losses from SAS and the American Bankers Association
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More American bankers association (aba) articles
The top losses for October from SAS Software and the US's losses in Q1 2011 from the ABA Operational Loss Data Sharing Consortium
More US banks expected to employ AMA, while new stress-testing proposals increase interest in operational risk quantification among smaller banks
The financial crisis has shown historical loss data is not enough to help model and predict future op risk events, so some loss data consortiums are looking to include features such as scenario analysis results in their databases
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future