Scenario analysis workstream from RiskBusiness
LONDON – Consulting firm RiskBusiness – famous for its work on key risk indicators (KRIs) in conjunction with US-based RMA – is launching a new workstream on scenario analysis.
Many op risk industry observers have notes that scenario analysis is the 'new black' in their discipline. Many firms attempting the advanced measurement approach under Basel II initially focused on the loss distribution approach, which involves modelling op risk capital requirements using data on loss events collected from internal and external sources. Others concentrated on self-assessments, as
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