ZURICH--Banks are beefing up internal controls and experimenting with methods to quantify operational risk, according to a report on operational risk management released by The Basle Committee of the Bank for International Settlements (BIS). The report stems from a series of interviews that the committee conducted with some 30 banks.
Many banks are working towards developing a methodology to quantify operational risk, says the report. However, it says thus far the methodologies are "relativel
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