Good management, not maths, guards best against operational risk, conference told
Banks should look to industrial companies for examples of how to handle operational risk -- not to mathematical models developed for financial and credit markets, Hans Geiger, professor of banking at Zurich university, told a London conference in early December.
Geiger was speaking at the Op Risk 2000 conference organised by Operational Risk's sister publication, Risk. Other speakers also cast doubt on the value
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