Working out how all the new tools for measuring and managing op risk relate to one another is a puzzle, say practitioners. Below Rob Jameson and John Walsh track the trends in this burgeoning industry and -- over the next few pages -- round up the leading contenders.
Operational risk is different to credit or market risk. But for practitioners trying to select risk management tools and technology, a couple of things are frustratingly similar.
First, it’s difficult to specify what kind of too