Understand qualitative aspects of operational risk first, says DTCC
The qualitative aspects of operational risk must be understood before focusing on the quantitative measurements of operational risk capital, according to Eileen Robbins, vice-president for operational risk management at the Depository Trust and Clearing Corporation (DTCC).
Speaking later in an interview, Robbins said that focusing initially on operational risk identification was consistent with the new Basel Accord.
“We think it’s much more important to identify
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