Understand qualitative aspects of operational risk first, says DTCC
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It is necessary to direct initial efforts to the qualitative aspects of operational risk because that is how a firm can develop and maintain risk sensitivity in people’s mind-sets, Robbins said in January at an operational risk conference organised by the Securities Operations Forum in New York.
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 possibl
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