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Op risk assessment hampered by lack of reliable data

Inadequacy of loss expectation data is a major cause of modelling risk for operational risk strategies, said Carol Alexander, professor of the ISMA Centre at the University of Reading in the UK, at Risk’s annual European conference.

Annual corporate forex volumes reach $40 trillion

The amount of foreign exchange traded by international top-tier corporates reached $40 trillion last year, according to a report by Connecticut-based Greenwich Associates. Growth was reported by the industry in every region except non-Japan Asia and…

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