A model model?
The strength of today's operational risk modelling techniques throws up many a heated debate. Duncan Wood asks whether any models stand up to the hype that surrounds them, or are they all, for the moment at least, fatally flawed
The first advanced measurement aproach (AMA) banks have arrived, and their numbers are growing as regulators around the world work their way through queues of applicants: in Australia, six banks have been given the green light; in the UK it's four; in France, at least three (including rogue trading casualty Société Générale). From country to country, and bank to bank, notices of AMA approval are
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